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Friday 6 November 2026 Export LNC’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Lincoln National Corporation (LNC) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Lincoln National Corporation (LNC) trades at a P/S ratio of 0.4×. Over the past ten years it has ranged from 0.2× (May 2023) to 1.3× (February 2018); the current reading is higher than 20% of that period. That is below the Insurance Life industry median of 0.8× and below the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 0.4× 52.30%
FY2024 0.3× (26.27%)
FY2023 0.4× 41.97%
FY2022 0.3× (61.19%)
FY2021 0.7× 29.26%
FY2020 0.6× (18.57%)
FY2019 0.7× 1.68%
FY2018 0.7× (44.43%)
FY2017 1.2× 3.27%
FY2016 1.2× 26.66%

Quarterly newest first

Period P/S ratio Change
Sep 2026 0.4× 8.56%
Jun 2026 0.4× (2.49%)
Mar 2026 0.4× (19.01%)
Dec 2025 0.4× 6.51%
43 more quarters

Against its own ten years

Low 0.2× High 1.3×
Ten-year median 0.7×
Current reading's percentile 22

P/S ratio against peers

Company P/S ratio
LNC Lincoln National Corporation 0.4×
BHF Brighthouse Financial, Inc. compare 0.4×
GNW Genworth Financial, Inc. compare 0.5×
FG F&G Annuities & Life, Inc. compare 0.5×
UNM Unum Group compare 0.9×
CNO CNO Financial Group, Inc. compare 1.1×
JXN Jackson Financial Inc. compare 1.4×
GL Globe Life Inc. compare 1.9×
PRI Primerica, Inc. compare 2.5×
Insurance Life industry median 0.8×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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