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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
$8.2B
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 (LTM) 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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $18.5B | XXX | $18.0B | XXX | XXX | XXX |
| Gross Profit | $18.5B | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | n/a | XXX | XXX | XXX |
| EBITDA | $1.9B | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | n/a | XXX | XXX | XXX |
| EBIT | $1.6B | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $1.3B | XXX | $3.3B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 18% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $554M | XXX | XXX | XXX |
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As of May 30, 2025, Lincoln National's stock price is $33.
Lincoln National has current market cap of $5.7B, and EV of $8.2B.
See Lincoln National trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.2B | $5.7B | XXX | XXX | XXX | XXX | $7.15 |
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Start Free TrialAs of May 30, 2025, Lincoln National has market cap of $5.7B and EV of $8.2B.
Lincoln National's trades at 0.5x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate Lincoln National's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lincoln National has a P/E ratio of 4.5x.
See valuation multiples for Lincoln National and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.7B | XXX | $5.7B | XXX | XXX | XXX |
| EV (current) | $8.2B | XXX | $8.2B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 4.3x | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 5.1x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | 0.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 4.5x | XXX | 1.7x | XXX | XXX | XXX |
| EV/FCF | 29.3x | XXX | -4.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialLincoln National's last 12 month revenue growth is 2%
Lincoln National's revenue per employee in the last FY averaged $1.8M, while opex per employee averaged n/a for the same period.
Lincoln National's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lincoln National's rule of X is 15% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Lincoln National and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 15% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.8M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | n/a | 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 |
Valuation data powered by FactSet, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 $5.7B |
| What is the current revenue of Lincoln National? | Lincoln National's last 12 months revenue is $18.5B. |
| What is the current revenue growth of Lincoln National? | Lincoln National revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Lincoln National? | Current revenue multiple of Lincoln National is 0.4x. |
| Is Lincoln National profitable? | Yes, Lincoln National is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lincoln National? | Lincoln National's last 12 months EBITDA is $1.9B. |
| What is Lincoln National's EBITDA margin? | Lincoln National's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Lincoln National? | Current EBITDA multiple of Lincoln National is 4.3x. |
| What is the current FCF of Lincoln National? | Lincoln National's last 12 months FCF is $281M. |
| What is Lincoln National's FCF margin? | Lincoln National's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Lincoln National? | Current FCF multiple of Lincoln National is 29.3x. |
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