Saturday 17 October 2026
Export LIND’s income statement to Excel — free account
Lindblad Expeditions
LIND Consumer Cyclical Travel Services
Lindblad Expeditions' revenue for fiscal 2025 (year ended December 2025) was $771.0 million, up 19.6% from fiscal 2024. In the quarter to June 2026, revenue grew 18.6%, EPS grew 88.9%, free cash flow grew 279.0% and total debt rose 9.39%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
34.55
0.92
−2.59%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
94.98 | 0.00 | 53.84 | 54.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
4 | 5 | 7 | 6 | 2 | 5 | 4 | 6 | 6 | 7 |
Altman Z-Score |
1.97 | 1.71 | 2.06 | 2.05 | 0.53 | (0.09) | (0.20) | 0.42 | 0.42 | 0.61 |
P/S ratio |
1.82 | 1.67 | 1.97 | 2.26 | 10.34 | 5.31 | 0.99 | 1.01 | 0.99 | 1.03 |
Altman Z″-Score (non-manufacturers) |
1.96 | 0.81 | 1.09 | 0.76 | (0.15) | (2.16) | (3.15) | (1.99) | (2.27) | (1.92) |
P/FCF ratio |
0.00 | 0.00 | 303.57 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.85 | 12.42 |
P/Operating CF |
27.98 | 18.97 | 35.72 | 36.88 | (41.50) | 71.23 | (141.07) | (58.42) | 379.93 | 54.89 |
P/B ratio |
3.87 | 4.19 | 5.26 | 6.29 | 24.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
5.47 | 5.96 | 7.11 | 8.19 | 105.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.28 | 2.33 | 2.59 | 2.98 | 15.18 | 9.29 | 2.58 | 2.22 | 2.12 | 1.98 |
EV/EBITDA |
15.18 | 18.66 | 15.75 | 15.99 | 0.00 | 0.00 | 0.00 | 20.55 | 17.36 | 13.47 |
EV/Operating CF |
17.61 | 11.72 | 14.23 | 16.35 | (13.55) | 42.05 | (493.67) | 49.66 | 14.79 | 13.69 |
EV/FCF |
(12.44) | (22.49) | 398.72 | (30.62) | (5.05) | (21.28) | (26.91) | (279.40) | 23.22 | 23.92 |
Quick Ratio |
1.17 | 0.72 | 0.77 | 0.60 | 1.31 | 0.60 | 0.38 | 0.59 | 0.55 | 0.63 |
Current Ratio |
1.38 | 0.91 | 0.94 | 0.80 | 1.47 | 0.73 | 0.54 | 0.77 | 0.71 | 0.80 |
Net Debt/EBITDA |
3.10 | 5.26 | 3.76 | 3.87 | (7.47) | (8.59) | (42.49) | 11.17 | 9.25 | 6.48 |
Debt/Assets |
63.13% | 65.55% | 66.24% | 65.05% | 79.66% | 91.52% | 101.26% | 105.14% | 107.67% | 104.51% |
Debt/Equity |
2.26 | 2.62 | 2.70 | 2.90 | 17.26 | (9.64) | (4.37) | (3.88) | (3.73) | (3.60) |
Asset Turnover |
0.61 | 0.64 | 0.69 | 0.67 | 0.13 | 0.19 | 0.52 | 0.70 | 0.75 | 0.83 |
Operating CF/Net income |
6.46 | (6.11) | 4.96 | 4.57 | 0.92 | (0.26) | 0.02 | (0.51) | (2.58) | (3.22) |
Capex/Depreciation |
(3.38) | (3.58) | (2.12) | (3.12) | (4.44) | (2.26) | (0.81) | (0.59) | (0.59) | (0.70) |
Interest Coverage |
1.38 | 1.10 | 2.34 | 2.70 | (5.30) | (4.51) | (1.68) | 0.24 | 0.47 | 1.01 |
| 4.27% | (7.87%) | 10.21% | 11.45% | (126.97%) | 571.53% | 88.84% | 24.52% | 14.98% | 12.89% | |
| 1.23% | (2.08%) | 2.53% | 2.68% | (15.38%) | (15.73%) | (14.37%) | (6.17%) | (4.19%) | (3.73%) | |
ROIC |
3.85% | 2.39% | 5.15% | 5.59% | (12.74%) | (13.69%) | (8.11%) | 1.44% | 2.84% | 6.32% |
Return on Tangible Assets |
2.08% | (3.64%) | 4.10% | 4.26% | (18.06%) | (26.91%) | (30.41%) | (11.08%) | (8.86%) | (8.09%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
37.54% | 38.60% | 35.48% | 34.25% | 79.82% | 63.85% | 37.32% | 30.55% | 32.27% | 31.74% |
Intangible Assets out of Total Assets |
0.08 | 0.07 | 0.06 | 0.05 | 0.04 | 0.07 | 0.07 | 0.06 | 0.09 | 0.08 |
Share Based Compensation of Revenue |
2.23% | 3.99% | 1.42% | 1.04% | 2.90% | 3.78% | 1.66% | 2.44% | 1.53% | 1.75% |
Graham Net Nets |
(0.28) | (0.42) | (0.34) | (0.36) | (0.58) | (0.89) | (1.88) | (1.41) | (1.33) | (1.13) |
Graham Number |
2.39 | 0.00 | 3.79 | 4.19 | 0.00 | 9.22 | 13.33 | 9.45 | 8.42 | 8.57 |
Earnings Yield |
1.05% | (2.00%) | 1.86% | 1.83% | (11.62%) | (15.45%) | (27.92%) | (8.68%) | (5.65%) | (4.37%) |
Free Cash Flow Yield |
(10.10%) | (6.19%) | 0.33% | (4.31%) | (29.09%) | (8.21%) | (9.64%) | (0.78%) | 9.22% | 8.05% |
Revenue per Share |
5.31 | 5.98 | 6.83 | 7.23 | 1.66 | 2.94 | 8.10 | 10.69 | 11.98 | 14.03 |
Operating CF per Share |
0.69 | 1.19 | 1.24 | 1.32 | (1.85) | 0.65 | (0.04) | 0.48 | 1.72 | 2.03 |
Capex per Share |
(1.66) | (1.81) | (1.20) | (2.02) | (3.13) | (1.93) | (0.73) | (0.56) | (0.62) | (0.87) |
Free Cash Flow per Share |
(0.97) | (0.62) | 0.04 | (0.70) | (4.98) | (1.28) | (0.78) | (0.08) | 1.09 | 1.16 |
Cash per Share |
3.16 | 2.32 | 2.69 | 2.30 | 4.11 | 3.45 | 2.49 | 3.52 | 4.02 | 5.27 |
Shareholders Equity per Share |
2.49 | 2.39 | 2.56 | 2.60 | 0.70 | (1.57) | (3.51) | (4.23) | (4.70) | (5.18) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
2.49 | 2.39 | 2.56 | 2.60 | 0.70 | (1.57) | (3.51) | (4.23) | (4.70) | (5.18) |
Free Cash Flow |
(44.51) | (27.57) | 2.01 | (33.42) | (247.74) | (64.19) | (40.41) | (4.52) | 58.84 | 63.84 |
Working Capital |
47.11 | (12.72) | (9.25) | (36.28) | 73.36 | (79.12) | (157.80) | (74.72) | (114.02) | (93.71) |
Capital Expenditures |
(75.93) | (80.48) | (54.34) | (96.00) | (155.48) | (96.69) | (38.20) | (29.96) | (33.52) | (47.74) |
Net Current Asset Value |
(122.87) | (186.34) | (207.18) | (278.77) | (493.32) | (695.73) | (787.33) | (811.86) | (851.59) | (896.60) |
EV/EBIT |
39.59 | 57.71 | 31.66 | 30.82 | 0.00 | 0.00 | 0.00 | 119.20 | 63.39 | 33.57 |
Capex to Sales |
0.31 | 0.30 | 0.18 | 0.28 | 1.89 | 0.66 | 0.09 | 0.05 | 0.05 | 0.06 |
Price to Operating Income |
31.51 | 41.45 | 24.11 | 23.36 | 0.00 | 0.00 | 0.00 | 54.42 | 29.61 | 17.43 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.12 | 0.09 | 0.09 | 0.09 | 0.07 | 0.08 | 0.09 | 0.10 | 0.11 | 0.13 |
Cash ROIC |
(8.63%) | (5.65%) | 0.36% | (5.67%) | (29.39%) | (7.54%) | (5.43%) | (0.54%) | 6.49% | 6.20% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
4.20 | 4.44 | 4.78 | 4.62 | 2.41 | 3.48 | 4.71 | 7.76 | 24.16 | 23.17 |
Inventory Turnover |
69.76 | 78.36 | 90.49 | 91.77 | 34.77 | 56.00 | 133.50 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
94.07 | 81.93 | 80.59 | 83.76 | 111.81 | 144.41 | 91.53 | 17.43 | 13.95 | 19.41 |
Days of Inventory on Hand |
5.11 | 4.83 | 3.81 | 4.44 | 10.85 | 6.68 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
28.32 | 30.54 | 32.18 | 36.09 | 30.29 | 35.80 | 60.14 | 43.59 | 15.01 | 18.04 |
Average Inventory |
1.71 | 1.73 | 1.70 | 1.82 | 2.10 | 2.22 | 2.12 | — | — | — |
Average Assets |
394.66 | 416.02 | 448.88 | 511.03 | 653.05 | 792.47 | 807.73 | 809.64 | 854.10 | 928.43 |
Average Common Equity |
113.87 | 110.07 | 111.18 | 119.65 | 79.10 | (21.81) | (130.63) | (203.87) | (239.09) | (268.82) |
Columns are period end dates