Lincoln National Corporation

LNC Financial Insurance Life

Lincoln National Corporation’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, down 1.25% from fiscal 2024.

Revenue
+20.3%
EPS
+220.9%
Free cash flow
+176.7%
Total debt
+19.0%

Quarter to September 2026, against a year earlier

39.47 2.13 −5.12%
Market cap
$7.5B
P/E
2.4×
Fwd P/E
4.5×
Dividend yield
4.56%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Lincoln National Corporation (LNC) EBITDA

Alert me on EBITDA

Lincoln National Corporation's EBITDA for fiscal 2025 was $1.6B, down 64.1% from $4.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $3.2B. Over the past ten years it has ranged from −$817.0M (fiscal 2023) to $4.9B (fiscal 2021); the current reading is higher than 45% of that period. Lincoln National Corporation ranks 4th of 16 Insurance Life companies by EBITDA.

EBITDA, annual

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Annual newest first

Period EBITDA Change
FY2025 $1.6B (64.09%)
FY2024 $4.4B —
FY2023 −$817.0M —
FY2022 $2.0B (58.81%)
FY2021 $4.9B 631.98%
FY2020 $666.0M (45.14%)
FY2019 $1.2B (44.13%)
FY2018 $2.2B 59.78%
FY2017 $1.4B (20.75%)
FY2016 $1.7B 5.41%

Quarterly newest first

Period EBITDA Change
Jun 2026 $1.7B —
Mar 2026 −$165.0M —
Dec 2025 $996.0M 65.17%
Sep 2025 $603.0M (27.78%)
42 more quarters

Against its own ten years

Low −$817.0M High $4.9B
Ten-year median $1.6B
Current reading's percentile 45

EBITDA against peers

What EBITDA is

EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.

Reported line item

The full definition of EBITDA →

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