Lincoln National Corporation Financial Ratios — LCO Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	1.71	9.35	8.75	10.38	7.86	8.49	13.08	10.36	5.21	2.35	17.39	10.92	-16.64	48.28	12.63
Return on Assets (%)	0.11	0.62	0.55	0.62	0.46	0.46	0.77	0.57	0.28	0.14	1	0.38	-0.21	0.86	0.29
Return on Capital (%)	1.9	7.8	7.25	8.53	6.88	7.59	- -	8.92	5.22	- -	14.09	8.08	- -	25.68	8.61
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	4.73	13.59	13.63	14.69	10.54	10.94	7.93	11.48	5.33	2.41	26.37	9.11	-9.8	22.36	7.29
Profit Margin (%)	2.08	11.38	10.4	11.15	8.51	8.94	14.58	10	5.13	2.84	21.46	7.17	-6.42	18.21	6.42
Net Income to Common Margin (%)	2.08	11.38	10.4	11.15	8.51	8.94	14.58	10	5.13	2.84	21.46	7.17	-7.12	17.7	5.92
Effective Tax Rate (%)	54.47	17.98	23.73	24.19	19.3	18.24	- -	12.94	3.59	- -	18.63	21.28	- -	18.57	12.03
Dvd Payout Ratio (%)	26.64	7.08	10.29	11.23	17.68	19.97	12.6	17.61	34.2	62.32	8.44	22.83	-36.57	9.64	29.93
Sustainable Growth Rate (%)	1.25	8.69	7.85	9.21	6.47	6.79	11.43	8.54	3.43	0.89	15.92	8.43	-22.73	43.62	8.85

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	5,691	5,639	5,820	5,273	5,323	5,123	5,123	5,773	6,207	6,657	6,646	6,632	6,121	6,355	6,431
ST Debt	300	200	500	250	- -	- -	450	200	550	250	550	500	250	300	400
LT Debt	5,391	5,439	5,320	5,023	5,323	5,123	4,673	5,573	5,657	6,407	6,096	6,132	5,871	6,055	6,031
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	294	273	265	267	272	331	253	297	326	284	270	283	331	336	227
Common Equity/Total Assets	6.5	6.84	5.68	6.21	5.41	5.53	6.15	4.81	5.88	6.2	5.36	1.23	1.59	1.86	2.38
Long-Term Debt/Equity (%)	41.15	36.33	39.55	31.91	39.09	35.38	26.98	38.84	28.73	28.23	29.37	120.19	85.17	73.23	55.3
Long-Term Debt/Capital (%)	28.69	26.39	27.6	23.9	28.1	26.14	20.82	27.69	21.85	21.83	22.25	52.26	45.11	41.4	34.79
Long-Term Debt/Total Assets (%)	2.68	2.49	2.25	1.98	2.11	1.96	1.66	1.87	1.69	1.75	1.58	1.83	1.58	1.55	1.45
Total Debt/Equity (%)	43.44	37.66	43.26	33.5	39.09	35.38	29.58	40.23	31.53	29.33	32.02	129.99	88.8	76.85	58.97
Total Debt/Capital (%)	30.28	27.36	30.2	25.09	28.1	26.14	22.82	28.69	23.97	22.68	24.26	56.52	47.03	43.46	37.09
Total Debt/Total Assets (%)	2.82	2.58	2.46	2.08	2.11	1.96	1.82	1.94	1.85	1.82	1.72	1.98	1.64	1.63	1.54
Net Debt to Equity	9.01	9.41	25.69	8.6	15.99	16.58	20.18	23.89	18.51	21.8	19.44	64.46	39.98	6.7	-28.16
Net Debt/Capital (%)	8.27	8.6	20.44	7.92	13.78	14.22	16.79	19.28	15.62	17.9	16.27	39.2	28.56	6.28	-39.2
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	6.5	6.84	5.68	6.21	5.41	5.53	6.15	4.81	5.88	6.2	5.36	1.23	1.59	1.86	2.38
Long-Term Debt/Equity (%)	41.15	36.33	39.55	31.91	39.09	35.38	26.98	38.84	28.73	28.23	29.37	120.19	85.17	73.23	55.3
Long-Term Debt/Capital (%)	28.69	26.39	27.6	23.9	28.1	26.14	20.82	27.69	21.85	21.83	22.25	52.26	45.11	41.4	34.79
Long-Term Debt/Total Assets (%)	2.68	2.49	2.25	1.98	2.11	1.96	1.66	1.87	1.69	1.75	1.58	1.83	1.58	1.55	1.45
Total Debt/Equity (%)	43.44	37.66	43.26	33.5	39.09	35.38	29.58	40.23	31.53	29.33	32.02	129.99	88.8	76.85	58.97
Total Debt/Capital (%)	30.28	27.36	30.2	25.09	28.1	26.14	22.82	28.69	23.97	22.68	24.26	56.52	47.03	43.46	37.09
Total Debt/Total Assets (%)	2.82	2.58	2.46	2.08	2.11	1.96	1.82	1.94	1.85	1.82	1.72	1.98	1.64	1.63	1.54
CFO/Total Liabilities	0.68	0.62	0.36	1.06	0.94	0.51	0.3	0.68	-0.85	0.16	-0.06	1.1	-0.57	-0.52	-0.04
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	2.93	1.68	1.8	2.15	2.22	2.28	2.59	1.39	0.96	1.02	0.94	0.94	0.47	0.61	0.65
Days Sales Outstanding	124.67	217.75	202.74	170.05	164.15	160.1	140.78	262.57	379.99	359.11	386.43	388.04	776	594.43	564.77
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	4,510	4,230	2,364	3,919	3,146	2,722	1,628	2,345	2,563	1,708	2,612	3,343	3,365	5,801	9,502
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	986	986	986	986
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5,691	5,639	5,820	5,273	5,323	5,123	5,123	5,773	6,207	6,657	6,646	6,632	6,121	6,355	6,431
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	18,792	20,612	19,272	21,013	18,940	19,601	22,445	20,123	25,896	29,356	27,400	11,734	13,014	14,624	17,337
Total Debt/Capital (%)	30.28	27.36	30.2	25.09	28.1	26.14	22.82	28.69	23.97	22.68	24.26	56.52	47.03	43.46	37.09
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	10,641	11,535	11,963	13,591	13,566	13,330	14,257	16,418	17,255	17,579	17,605	18,929	11,711	17,989	18,342
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	1,410	1,493	1,001	2,728	2,463	1,543	- -	2,202	-2,372	- -	3	3,832	- -	-1,733	33
TTM Free Cash Flow to Firm	1,410	1,493	1,001	2,728	2,463	1,543	- -	2,202	-2,372	- -	3	3,832	- -	-1,733	33

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	291	271	263	257	244	226	218	206	197	192	177	169	170	170	190
Diluted Weighted Avg Shares	315	288	275	268	255	237	226	220	202	196	189	173	171	173	187
Basic Weighted Avg Shares	307	271	263	257	244	226	218	206	197	192	177	171	170	171	183
Revenue per Share	34.64	42.5	45.5	52.98	55.64	58.89	65.37	79.75	87.74	91.4	99.35	110.67	69.05	105.45	100.39
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.72	4.84	4.73	5.91	4.73	5.27	9.53	7.97	4.51	2.59	21.32	7.94	-4.92	18.66	5.94
Basic EPS from Cont Ops	0.75	4.74	4.73	5.9	4.73	5.27	9.53	7.97	4.51	2.59	21.32	7.94	-4.43	19.2	6.44
Diluted EPS, GAAP	0.7	4.57	4.52	5.65	4.53	5.03	9.19	7.47	4.38	2.55	19.98	7.86	-4.89	18.39	5.82
Diluted EPS from Cont Ops	0.73	4.47	4.52	5.65	4.53	5.03	9.19	7.47	4.38	2.55	19.98	7.86	-4.41	18.92	6.3
Dividend per Share	0.2	0.34	0.49	0.66	0.84	1.05	1.2	1.4	1.54	1.62	1.8	1.81	2.28	2.33	2.28
Cash Flow per Share	4.15	4.68	3.04	9.85	9.2	5.62	3.61	9.44	-13.66	2.78	-1.22	21.1	-12.23	-11.76	-0.91
Free Cash Flow per Basic Share	4.15	4.68	3.04	9.85	9.2	5.62	3.61	9.44	-13.66	2.78	-1.22	21.1	-12.23	-11.76	-0.91
Cash & Equivalents per Share	277.3	321.04	317.01	354.66	364.77	407.4	443.46	468.12	547.94	648.64	684.69	609.14	542.85	545.32	182.97
Book Value per Share	44.97	55.17	51.17	61.35	55.84	63.97	79.43	69.71	100.11	118.02	117.13	24.32	34.82	42.75	52.2
Tangible Book Value per Share	37.17	46.79	42.52	52.49	46.52	53.92	73.15	61.05	91.07	108.78	107.09	17.56	28.07	36.03	46.18