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
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Lincoln National Corporation (LNC) Gross margin
Lincoln National Corporation's gross margin over the twelve months to 30 September 2026 was 0.00%, down 8.6 percentage points from fiscal 2025 (8.59%). Over the past ten years it has ranged from −7.02% (fiscal 2023) to 28.2% (fiscal 2021); the current reading is higher than 36% of that period. That is below the Insurance Life industry median of 30.0% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 8.59% | (15.04) |
| FY2024 | 23.6% | 30.65 |
| FY2023 | −7.02% | (21.07) |
| FY2022 | 14.1% | (14.17) |
| FY2021 | 28.2% | 23.78 |
| FY2020 | 4.44% | (3.16) |
| FY2019 | 7.60% | (6.15) |
| FY2018 | 13.8% | (2.60) |
| FY2017 | 16.4% | 2.87 |
| FY2016 | 13.5% | 0.94 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 0.00% | (37.98) |
| Jun 2026 | 38.0% | 41.09 |
| Mar 2026 | −3.11% | (23.35) |
| Dec 2025 | 20.2% | 7.00 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CNO CNO Financial Group, Inc. compare | 47.6% |
| GL Globe Life Inc. compare | 40.6% |
| UNM Unum Group compare | 30.8% |
| FG F&G Annuities & Life, Inc. compare | 30.0% |
| GNW Genworth Financial, Inc. compare | 27.1% |
| JXN Jackson Financial Inc. compare | 23.5% |
| BHF Brighthouse Financial, Inc. compare | 0.00% |
| PRI Primerica, Inc. compare | 0.00% |
| LNC Lincoln National Corporation | 0.00% |
| Insurance Life industry median | 30.0% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on LNC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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