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