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Lincoln Educational Services(LINC)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$21.72
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for LINC

09/28/2026: LINC (2-star) is currently NOT-A-BUY. Pass it for now.

Lincoln Educational Services is a specialized provider of post-secondary vocational training, focusing on high-demand skilled trades like automotive technology and healthcare. The company is known for its strong relationships with employers, which support favorable student placement rates and maintain its position in the competitive vocational market. Its primary growth opportunity lies in capitalizing on the national labor shortage for technical workers. However, investors must consider risks such as regulatory dependence on federal aid, competition from public institutions, and the operational challenges of managing physical campuses. As a non-dividend-paying stock in a sensitive sector, it is best suited for growth-oriented investors who monitor regulatory updates and enrollment trends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitOffers moderate growth potential linked to labor market demands for skilled trade workers.
Momentum investorStrong fit while signal remains positiveThe stock often reacts strongly to enrollment data and shifts in federal education policy.
Value investorMixed fitThe valuation can be attractive relative to peers, but carries regulatory and operational risks.
Dividend investorWeak fitThe company does not pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitFor-profit education stocks are inherently volatile due to regulatory and enrollment risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock price is sensitive to regulatory news and quarterly enrollment reports.
Valuation riskMediumMarket expectations for for-profit educators can shift rapidly based on policy outlooks.
Competition risk (Community Colleges)HighLow-cost public competitors often provide a compelling value proposition for students.
Business qualityMediumThe business relies on high-touch physical training, which has higher overhead than digital-only models.
Dividend incomeLow / noneThere is no dividend income stream for investors.
Execution riskMediumSuccessfully managing large physical campuses requires precise operational execution.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 65.91%
Avg. Invested days 43
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
LINC receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
LINC has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and strong ownership. In FY2025 versus FY2024, strong earnings growth (+102.2%) and solid revenue growth (+17.8%) are partially offset by weak cash generation (FCF margin -5.3%), soft profitability (net margin 3.9%).

Financial Health Rating

★★★★★
LINC's financial health is supported by moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 54.6% of revenue). Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is LINC's strongest growth driver at +102.2% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+17.8%, solid) is also solid, while free-cash-flow growth (+0.4%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 95.3% and approximately 87.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 7.14% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 6.88%
Juniper Investment Co, LLC 5.46%
Needham Investment Management, LLC 4.03%
Arnhold & S. Bleichroeder Advisers, LLC 3.88%
Vanguard Capital Management, LLC 3.79%

Unit Economics (Per $1K Revenue)

★★★★★
LINC generates approximately $604 of gross profit, $58 of operating income, and $-53 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Negative free cash flow explains the 2-star rating, with weak cash conversion and soft capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 23.43%

Quantitative Style Profile

★★★★★
LINC has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 688.99M USD
Price to earnings Ratio 29.75
1Y Target Price 50.2
Price to earnings Ratio 29.75
1Y Target Price 50.2
Volume (30-day avg) 882.9K shares
Beta 0.79
52 Weeks Range 17.29 - 56.34
Updated Date 09/28/2026
52 Weeks Range 17.29 - 56.34
Updated Date 09/28/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.73

How Company Makes Money

Business areaWhat it includesRetail investor read
Automotive & Skilled TradesTuition and fees from vocational programs like HVAC, welding, and diesel technology.This is the primary revenue engine, fueled by demand for specialized industrial workers.
Healthcare & Other ServicesTuition from allied health and nursing programs.Provides diversification away from industrial trades into essential healthcare roles.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 29.75
Forward PE 26.04
Enterprise Value 952.53M
Price to Sales(TTM) 1.21
Enterprise Value 952.53M
Price to Sales(TTM) 1.21
Enterprise Value to Revenue 1.67
Enterprise Value to EBITDA 16.16
Shares Outstanding 31.72M
Shares Floating 27.80M
Shares Outstanding 31.72M
Shares Floating 27.80M
Percent Insiders 7.14
Percent Institutions 95.32

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Lincoln Educational Services

Exchange NASDAQ
Headquarters Parsippany, NJ, United States
IPO Launch date 2005-06-23
President, CEO & Director Mr. Scott M. Shaw
Sector Consumer Defensive
Industry Education & Training Services
Full time employees 2190
Full time employees 2190

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. It operates in two segments, Campus Operations and Transitional. The company offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; and health science and information technology programs. It operates schools under the Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College brands. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in Parsippany, New Jersey.