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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Lincoln National Corporation (LNC) trades at a price to free cash flow of 11.1×. Over the past ten years it has ranged from 0.0× (September 2026) to 47.4× (November 2021); the current reading is higher than 71% of that period. That is above the Insurance Life industry median of 7.4× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 1.5× —
FY2021 0.0× —
FY2020 18.2× —
FY2019 0.0× —
FY2018 5.7× (74.04%)
FY2017 22.0× 78.28%
FY2016 12.3× 119.35%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 11.3× —
Jun 2026 0.0× —
Mar 2026 28.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 47.4×
Ten-year median 4.7×
Current reading's percentile 71

Price to free cash flow against peers

Company Price to free cash flow
BHF Brighthouse Financial, Inc. compare n/m
FG F&G Annuities & Life, Inc. compare 0.6×
JXN Jackson Financial Inc. compare 1.5×
UNM Unum Group compare 7.2×
CNO CNO Financial Group, Inc. compare 7.4×
GNW Genworth Financial, Inc. compare 7.6×
PRI Primerica, Inc. compare 9.5×
GL Globe Life Inc. compare 9.9×
LNC Lincoln National Corporation 11.1×
Insurance Life industry median 7.4×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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