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NYSE · CIK 0000059558 · LIFE INSURANCE

LINCOLN NATIONAL CORPORATION

LNC chart by TradingView
P/E 2.9xP/B 0.6xP/SALES 0.4xEV/EBITDA FCF YIELD

PRICE HISTORY

LIVE · NYSE
LNC chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$18.2B
EBITDA
FREE CASH FLOW
EPS
$6.33
GROSS MARGIN
ROIC
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

2.9x
-66%
LATEST · Q2 FY26
2.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.5x31.1x

P / SALES (TTM)

0.4x
-57%
LATEST · Q2 FY26
0.4xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.2x1.2x

P / BOOK

0.6x
-9%
LATEST · Q2 FY26
0.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.3x2.7x

EV / EBITDA (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EV / REVENUE (TTM)

+153%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.6x1.5x

FCF YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND YIELD (TTM)

5.09%
+3.0pp
LATEST · Q2 FY26
5.09%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.56%8.01%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$4.5B
+29%
LATEST · Q2 FY26
4.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$1.3B
+185%
LATEST · Q2 FY26
1.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$6.78
+239%
LATEST · Q2 FY26
6.78Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

12.31%
+17.5pp
LATEST · Q2 FY26
12.31%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-81.80%624.18%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

RETURN ON CAPITAL

-0.0pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
7.06%10.69%

RETURN ON EQUITY (TTM)

20.79%
+12.9pp
LATEST · Q2 FY26
20.79%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-22.92%112.79%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN
NET MARGIN29.33%
FCF MARGIN
110.0131.82-46.37-124.56-202.74NETQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.20B
-16%
LATEST · Q2 FY26
0.20BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

$0.45
+80%
LATEST · Q2 FY26
0.45Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

-53%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$6.5B
+2486%
LATEST · Q2 FY26
6.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 84.30%INSIDERS 0.34%OTHER / RETAIL 15.36%769 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Bain Capital Prairie, LLC9.80%18.8M$863.5M+0.0%
Blackrock Inc.9.66%18.5M$851.5M-0.3%
Vanguard Portfolio Management LLC5.44%10.4M$479.2MNEW
Vanguard Capital Management LLC4.32%8.3M$380.7MNEW
Dimensional Fund Advisors LP4.05%7.8M$357.0M+24.4%
Massachusetts Financial Services Co.3.33%6.4M$293.4M+8.4%
State Street Corporation3.08%5.9M$271.2M-0.1%
Price (T.Rowe) Associates Inc2.31%4.4M$203.8M-15.0%
Jennison Associates LLC1.97%3.8M$173.6M-1.3%
Morgan Stanley1.93%3.7M$170.0M-9.1%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.