Lakeland Financial Corporation (LKFN) Key Metrics
LKFN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.44B
- Enterprise value
- $1.33B
- P/E (TTM)
- 13.3 10-yr median 18.0
- Forward P/E
- 20.1
- PEG ratio
- 1.44
- Price / sales
- 5.3 10-yr median 5.5
- Price / book
- 1.9 10-yr median 2.6
- EV / EBITDA
- — 10-yr median 8.8
- Dividend yield
- 3.59% $2.08 a year
- Beta
- 0.76
LKFN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLKFN valuation Price multiples at each fiscal year-end price.
LKFN returns How much profit the business earns on the capital it uses.
LKFN per-share figures Results divided by the shares outstanding at year-end.
LKFN financial health Debt, liquidity and how easily interest is covered.
LKFN efficiency & capital use Working capital cycle and where the cash goes.
LKFN valuation history
LKFN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LKFN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LKFN cash returned to shareholders
LKFN price vs earnings per share
LKFN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.47B | $1.77B | $1.68B | $1.88B | $2.05B | $1.37B | $1.26B | $1.03B | $1.24B | $1.21B |
| Enterprise value | $1.51B | $1.19B | $1.71B | $1.43B | $47.0M | $482.1M | $722.8M | $677.2M | $711.3M | $975.4M |
| P/E ratio | 14.2 | 19.0 | 17.9 | 18.1 | 21.4 | 16.2 | 14.5 | 12.8 | 21.7 | 23.2 |
| Price / sales | 3.5 | 4.1 | 4.9 | 6.7 | 8.6 | 6.0 | 5.0 | 4.5 | 6.4 | 7.4 |
| Price / book | 1.9 | 2.6 | 2.6 | 3.3 | 2.9 | 2.1 | 2.1 | 2.0 | 2.7 | 2.8 |
| Price / free cash flow | 14.2 | 18.9 | 15.5 | 11.4 | 19.1 | 16.8 | 13.7 | 10.7 | 18.4 | 23.0 |
| Price / operating cash flow | 12.8 | 17.3 | 14.7 | 11.1 | 18.0 | 15.7 | 12.6 | 9.8 | 16.1 | 19.4 |
| EV / sales | 3.6 | 2.8 | 5.0 | 5.1 | 0.2 | 2.1 | 2.9 | 2.9 | 3.7 | 6.0 |
| EV / EBITDA | 11.5 | 10.1 | 15.5 | 10.8 | 0.4 | 4.4 | 6.3 | 6.4 | 7.5 | 11.9 |
| EV / free cash flow | 14.6 | 12.7 | 15.8 | 8.7 | 0.4 | 5.9 | 7.9 | 7.0 | 10.5 | 18.6 |
| Earnings yield | 7.0% | 5.3% | 5.6% | 5.5% | 4.7% | 6.2% | 6.9% | 7.8% | 4.6% | 4.3% |
| Free cash flow yield | 7.1% | 5.3% | 6.4% | 8.8% | 5.2% | 5.9% | 7.3% | 9.4% | 5.4% | 4.3% |
| Dividend yield | 3.5% | 2.8% | 2.8% | 2.2% | 1.7% | 2.2% | 2.4% | 2.4% | 1.7% | 1.5% |
| Shareholder yield (dividends + buybacks) | 4.9% | 2.8% | 2.8% | 2.2% | 1.7% | 3.0% | 2.4% | 2.5% | 1.8% | 1.5% |
| Share price at fiscal year-end | $57.06 | $68.76 | $65.16 | $72.97 | $80.14 | $53.58 | $48.93 | $40.16 | $48.49 | $47.36 |
| Per share | ||||||||||
| Revenue per share | $16.36 | $16.69 | $13.34 | $10.95 | $9.29 | $8.92 | $9.70 | $8.92 | $7.54 | $6.43 |
| Earnings per share | $4.01 | $3.63 | $3.65 | $4.04 | $3.74 | $3.30 | $3.38 | $3.13 | $2.23 | $2.05 |
| Operating cash flow per share | $4.46 | $3.98 | $4.43 | $6.59 | $4.44 | $3.41 | $3.88 | $4.08 | $3.01 | $2.44 |
| Free cash flow per share | $4.03 | $3.64 | $4.20 | $6.40 | $4.20 | $3.19 | $3.57 | $3.77 | $2.64 | $2.06 |
| Cash per share | $5.48 | $22.94 | $0.67 | $51.17 | $81.26 | $38.51 | $27.47 | $31.19 | $27.85 | $26.37 |
| Book value per share | $29.58 | $26.54 | $25.26 | $22.12 | $27.51 | $25.70 | $23.22 | $20.27 | $18.26 | $16.77 |
| Tangible book value per share | $29.39 | $26.34 | $24.98 | $21.83 | $27.23 | $25.37 | $22.88 | $19.95 | $17.95 | $16.38 |
| Dividends per share | $2.00 | $1.91 | $1.83 | $1.59 | $1.35 | $1.20 | $1.15 | $0.98 | $0.83 | $0.72 |
| Capex per share | $0.43 | $0.34 | $0.23 | $0.19 | $0.24 | $0.22 | $0.31 | $0.31 | $0.37 | $0.39 |
| Debt per share | $7.15 | $0.26 | $1.94 | $33.83 | $2.95 | $3.78 | $6.60 | $17.35 | $7.08 | $17.32 |
| Shares outstanding | 25.8M | 25.8M | 25.7M | 25.7M | 25.6M | 25.6M | 25.8M | 25.7M | 25.7M | 25.5M |
| Change in shares outstanding | +0.0% | +0.2% | +0.0% | +0.4% | +0.2% | −0.7% | +0.1% | +0.3% | +0.8% | +0.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.3% | 14.0% | 15.4% | 16.3% | 14.1% | 13.4% | 15.5% | 16.2% | 12.8% | 12.7% |
| Return on invested capital (ROIC) | 22.8% | 23.9% | 23.3% | — | — | — | 77.0% | 159.0% | — | 51.8% |
| Return on assets (ROA) | 1.5% | 1.4% | 1.4% | 1.6% | 1.5% | 1.6% | 1.8% | 1.7% | 1.3% | 1.3% |
| Return on tangible assets | 1.5% | 1.4% | 1.4% | 1.6% | 1.5% | 1.4% | 1.8% | 1.7% | 1.2% | 1.2% |
| Free cash flow margin | 24.6% | 21.8% | 31.5% | 58.5% | 45.2% | 35.7% | 36.8% | 42.3% | 35.0% | 32.0% |
| Income quality (OCF / net income) | 1.11 | 1.10 | 1.22 | 1.63 | 1.19 | 1.03 | 1.15 | 1.31 | 1.35 | 1.19 |
| Financial health | ||||||||||
| Total debt | $184.2M | $6.8M | $50.0M | $869.7M | $75.6M | $96.6M | $170.0M | $446.5M | $181.6M | $441.0M |
| Cash & short-term investments | $141.3M | $591.1M | $17.1M | $1.32B | $2.08B | $984.8M | $707.6M | $802.5M | $714.7M | $671.5M |
| Net debt | $42.9M | −$584.3M | $32.9M | −$446.1M | −$2.01B | −$888.2M | −$537.6M | −$356.0M | −$533.1M | −$230.5M |
| Debt / equity | 0.24 | 0.01 | 0.08 | 1.53 | 0.11 | 0.15 | 0.28 | 0.86 | 0.39 | 1.03 |
| Debt / assets | 0.03 | 0.00 | 0.01 | 0.14 | 0.01 | 0.02 | 0.03 | 0.09 | 0.04 | 0.10 |
| Net debt / EBITDA | 0.33 | −4.97 | 0.30 | −3.38 | −15.94 | −8.02 | −4.72 | −3.39 | −5.59 | −2.81 |
| Current ratio | 0.03 | 0.10 | 0.04 | 421.78 | 801.63 | 168.41 | 0.17 | 0.19 | 0.17 | 0.18 |
| Quick ratio | 0.03 | 0.10 | 0.05 | 471.49 | — | 213.57 | 0.20 | 0.19 | 0.17 | 0.18 |
| Interest coverage | 0.8 | 0.6 | 0.8 | 3.4 | 7.8 | 3.5 | 1.8 | 2.1 | 3.0 | 3.8 |
| Working capital | −$6.00B | −$5.30B | −$4.24B | $1.34B | $2.10B | $997.6M | −$3.42B | −$3.48B | −$3.44B | −$3.13B |
| Invested capital | $805.3M | $99.5M | $682.7M | $122.8M | −$1.30B | −$231.0M | $60.4M | $165.6M | −$64.5M | $196.5M |
| Tangible asset value | $757.5M | $678.9M | $642.6M | $561.2M | $697.5M | $648.7M | $589.3M | $513.4M | $460.7M | $417.1M |
| Net current asset value | −$6.06B | −$5.37B | −$5.69B | −$4.52B | −$3.75B | −$4.17B | −$3.63B | −$3.54B | −$3.49B | −$3.18B |
| Graham number | $51.67 | $46.54 | $45.52 | $44.83 | $48.10 | $43.67 | $42.01 | $37.76 | $30.29 | $27.78 |
| Graham net-net per share | −$235.33 | −$208.86 | −$227.74 | −$179.13 | −$160.34 | −$168.49 | −$143.14 | −$137.57 | −$135.96 | −$125.00 |
| Capital allocation | ||||||||||
| Dividends paid | $51.4M | $49.3M | $47.1M | $40.9M | $34.7M | $30.6M | $29.7M | $25.3M | $21.4M | $18.2M |
| Share buybacks (net) | $20.4M | $592,000 | $575,000 | $579,000 | $559,000 | $10.5M | $515,000 | $463,000 | $495,000 | $458,000 |
| Dividend payout ratio | 49.8% | 52.7% | 50.2% | 39.3% | 36.2% | 36.3% | 34.1% | 31.5% | 37.3% | 35.0% |
| Dividends + buybacks / free cash flow | 69.2% | 53.2% | 44.2% | 25.2% | 32.7% | 50.5% | 32.8% | 26.5% | 32.4% | 35.6% |
| Capex / revenue | 2.6% | 2.0% | 1.7% | 1.7% | 2.6% | 2.5% | 3.2% | 3.5% | 5.0% | 6.0% |
| Capex / operating cash flow | 9.7% | 8.4% | 5.3% | 2.8% | 5.4% | 6.6% | 8.0% | 7.6% | 12.4% | 15.8% |
| Capex / depreciation | 1.86 | 1.45 | 0.97 | 0.71 | 0.74 | 0.84 | 1.24 | 1.29 | 1.68 | 2.04 |
| Stock-based compensation / revenue | 2.0% | 1.1% | 1.1% | 2.8% | 3.0% | 0.8% | 1.7% | 2.4% | 2.9% | 2.6% |
| SG&A / revenue | 17.7% | 16.3% | 2.5% | 23.4% | 27.1% | 25.1% | 23.3% | 25.9% | 29.2% | 30.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 24.9 | 24.8 | 30.8 | 29.6 | 27.9 | 27.3 | 22.6 | 23.5 | 24.3 | 23.6 |
| Days of inventory on hand | — | — | -752.3 | -3,405.8 | -10,924.5 | -1,563.2 | -330.7 | 1.2 | 1.1 | 3.1 |
| Days payables outstanding | 26.6 | 34.0 | 88.1 | 23.0 | 96.6 | 71.4 | 63.4 | 56.4 | 66.7 | 79.8 |
| Cash conversion cycle (days) | -1.7 | -9.2 | -809.6 | -3,399.2 | -10,993.1 | -1,607.3 | -371.4 | -31.6 | -41.3 | -53.1 |
| Receivables turnover | 14.68 | 14.71 | 11.84 | 12.32 | 13.06 | 13.36 | 16.16 | 15.51 | 15.01 | 15.48 |
| Payables turnover | 13.72 | 10.73 | 4.14 | 15.87 | 3.78 | 5.11 | 5.76 | 6.47 | 5.47 | 4.58 |
| Inventory turnover | — | — | — | — | — | — | — | 303.93 | 339.96 | 119.12 |
| Asset turnover | 0.06 | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Average receivables | $28.7M | $29.2M | $29.0M | $22.8M | $18.2M | $17.1M | $15.5M | $14.8M | $12.9M | $10.6M |
| Average payables | $12.0M | $18.0M | $12.0M | $2.9M | $4.3M | $8.8M | $11.0M | $8.4M | $6.0M | $4.7M |
| Average inventory | — | — | −$102.8M | −$429.7M | −$485.1M | −$192.1M | −$57.4M | $178,000 | $96,500 | $181,500 |
| Intangibles / total assets | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% |
Computed from LKFN's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LKFN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Lakeland Financial traded at 14.2 times earnings, against a 10-year median of 18.0. Based on the latest twelve months, the trailing P/E is 13.3 and the forward P/E is 20.1. Lakeland Financial earned a return on equity of 14.3% and a return on invested capital of 22.8% in fiscal 2025. It ended the year with $184.2 million of debt and $141.3 million in cash and short-term investments, net debt of $42.9 million. It returned $71.8 million to shareholders: $51.4 million in dividends and $20.4 million in share buybacks, 69% of free cash flow.
See the LKFN income statement, the LKFN chart for price history, or the LKFN stock overview for the latest quote and news.
LKFN key metrics FAQ
What is Lakeland Financial's P/E ratio?
Lakeland Financial's trailing P/E ratio is 13.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.1. At the end of fiscal 2025 it was 14.2, compared with a 10-year median of 18.0.
What is Lakeland Financial's EV/EBITDA?
Lakeland Financial's enterprise value was 11.5 times EBITDA at the end of fiscal 2025 (enterprise value $1.5 billion, EBITDA $131.6 million).
What is Lakeland Financial's return on equity?
Lakeland Financial's return on equity (ROE) was 14.3% in fiscal 2025: net income of $103.4 million on average shareholders' equity of $723.1 million.
What is Lakeland Financial's ROIC?
Lakeland Financial's return on invested capital was 22.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lakeland Financial have?
Lakeland Financial had total debt of $184.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and $42.9 million of net debt (0.33 times EBITDA).
What is Lakeland Financial's dividend yield?
Lakeland Financial's forward dividend yield is 3.59%. Lakeland Financial paid $51.4 million in dividends in fiscal 2025 ($2.00 per share), a payout ratio of 49.8%.
Does Lakeland Financial buy back its shares?
Yes. Lakeland Financial spent $20.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.0% over the year, to 25.8M..
What is Lakeland Financial's free cash flow yield?
Lakeland Financial generated $103.8 million of free cash flow in fiscal 2025, a free cash flow yield of 7.1% on its market value at year-end ($1.5 billion).
What is Lakeland Financial's current ratio?
Lakeland Financial's current ratio was 0.03 at the end of fiscal 2025: current assets were 0.03 times current liabilities.