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Lincoln National Corp operates multiple insurance and retirement businesses. The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL and VUL, indexed universal life insurance (IUL), term life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.
1968
9.8K+
LTM Revenue $18.5B
LTM EBITDA $1.9B
$7.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Lincoln National has a last 12-month revenue of $18.5B and a last 12-month EBITDA of $1.9B.
In the most recent fiscal year, Lincoln National achieved revenue of $18.0B and an EBITDA of n/a.
Lincoln National expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Lincoln National valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $11.7B | $18.0B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | -$2.2B | -$752M | XXX | XXX | XXX |
| Net Margin | -19% | -4% | XXX | XXX | XXX |
| Net Debt | $3.3B | $2.8B | XXX | XXX | XXX |
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As of March 19, 2025, Lincoln National's stock price is $37.
Lincoln National has current market cap of $6.2B, and EV of $7.8B.
See Lincoln National trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7.8B | $6.2B | XXX | XXX | XXX | XXX | $7.20 |
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Sign UpAs of March 19, 2025, Lincoln National has market cap of $6.2B and EV of $7.8B.
Lincoln National's trades at 0.4x LTM EV/Revenue multiple, and 4.1x LTM EBITDA.
Analysts estimate Lincoln National's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Lincoln National and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $7.8B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 1.9x | XXX | XXX | XXX |
| P/E/Growth | -0.1x | XXX | XXX | XXX |
| EV/FCF | -3.9x | XXX | XXX | XXX |
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Sign UpLincoln National's NTM/LTM revenue growth is 3%
Lincoln National's revenue per employee for the last fiscal year averaged $1.8M, while opex per employee averaged n/a for the same period.
Over next 12 months, Lincoln National's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Lincoln National's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Lincoln National and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 54% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegon | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| NN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Challenger | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Lincoln National acquired XXX companies to date.
Last acquisition by Lincoln National was XXXXXXXX, XXXXX XXXXX XXXXXX . Lincoln National acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Lincoln National founded? | Lincoln National was founded in 1968. |
| Where is Lincoln National headquartered? | Lincoln National is headquartered in United States of America. |
| How many employees does Lincoln National have? | As of today, Lincoln National has 9.8K+ employees. |
| Who is the CEO of Lincoln National? | Lincoln National's CEO is Ms. Ellen G. Cooper. |
| Is Lincoln National publicy listed? | Yes, Lincoln National is a public company listed on NYS. |
| What is the stock symbol of Lincoln National? | Lincoln National trades under LNC ticker. |
| When did Lincoln National go public? | Lincoln National went public in 1969. |
| Who are competitors of Lincoln National? | Similar companies to Lincoln National include e.g. ADNIC, Aegon, ASR Nederland, NN Group. |
| What is the current market cap of Lincoln National? | Lincoln National's current market cap is $6.2B |
| What is the current revenue of Lincoln National? | Lincoln National's last 12-month revenue is $18.5B. |
| What is the current EBITDA of Lincoln National? | Lincoln National's last 12-month EBITDA is $1.9B. |
| What is the current EV/Revenue multiple of Lincoln National? | Current revenue multiple of Lincoln National is 0.4x. |
| What is the current EV/EBITDA multiple of Lincoln National? | Current EBITDA multiple of Lincoln National is 4.1x. |
| What is the current revenue growth of Lincoln National? | Lincoln National revenue growth between 2023 and 2024 was 54%. |
| Is Lincoln National profitable? | Yes, Lincoln National is EBITDA-positive (as of the last 12 months). |
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