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) Operating margin
Lincoln National Corporation's operating 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 27.7% (fiscal 2021); the current reading is higher than 36% of that period. That is below the Insurance Life industry median of 8.83% and in line with the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 8.59% | (15.04) |
| FY2024 | 23.6% | 30.65 |
| FY2023 | −7.02% | (17.70) |
| FY2022 | 10.7% | (17.05) |
| FY2021 | 27.7% | 23.68 |
| FY2020 | 4.05% | (3.16) |
| FY2019 | 7.21% | (6.08) |
| FY2018 | 13.3% | 3.59 |
| FY2017 | 9.70% | (3.72) |
| FY2016 | 13.4% | 0.88 |
Quarterly newest first
| Period | Operating 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
Operating margin against peers
| Company | Operating margin |
|---|---|
| GL Globe Life Inc. compare | 25.5% |
| CNO CNO Financial Group, Inc. compare | 16.8% |
| JXN Jackson Financial Inc. compare | 15.5% |
| BHF Brighthouse Financial, Inc. compare | 14.0% |
| FG F&G Annuities & Life, Inc. compare | 11.3% |
| GNW Genworth Financial, Inc. compare | 4.67% |
| UNM Unum Group compare | 4.11% |
| PRI Primerica, Inc. compare | 0.00% |
| LNC Lincoln National Corporation | 0.00% |
| Insurance Life industry median | 8.83% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on LNC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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