stockrowLincoln National Corporation
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
Follow LNC
Alert me
Lincoln National Corporation (LNC) Free cash flow
Lincoln National Corporation's free cash flow for fiscal 2025 was −$167.0M, compared with −$2.0B in fiscal 2024. Over the twelve months to 30 September 2026 it was $688.0M. Over the past ten years it has ranged from −$2.7B (fiscal 2019) to $3.6B (fiscal 2022); the current reading is higher than 45% of that period. Lincoln National Corporation ranks 11th of 17 Insurance Life companies by free cash flow.
Free cash flow, annual
Embed this chart
Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | −$167.0M | — |
| FY2024 | −$2.0B | — |
| FY2023 | −$2.1B | — |
| FY2022 | $3.6B | — |
| FY2021 | −$217.0M | — |
| FY2020 | $534.0M | — |
| FY2019 | −$2.7B | — |
| FY2018 | $1.9B | 146.57% |
| FY2017 | $788.0M | (38.05%) |
| FY2016 | $1.3B | (43.29%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $875.0M | — |
| Jun 2026 | −$558.0M | — |
| Mar 2026 | $138.0M | (40.77%) |
| Dec 2025 | $233.0M | — |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| JXN Jackson Financial Inc. compare | $5.9B |
| FG F&G Annuities & Life, Inc. compare | $4.3B |
| UNM Unum Group compare | $1.6B |
| GL Globe Life Inc. compare | $1.2B |
| PRI Primerica, Inc. compare | $932.6M |
| CNO CNO Financial Group, Inc. compare | $698.9M |
| LNC Lincoln National Corporation | $688.0M |
| GNW Genworth Financial, Inc. compare | $443.0M |
| BHF Brighthouse Financial, Inc. compare | −$1.1B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on LNC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement