Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
LIND 
Lindblad Expeditions Holdings Inc (LIND)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/05/2025: LIND (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $16.33
1 Year Target Price $16.33
| 2 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -40.49% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 680.32M USD | Price to earnings Ratio - | 1Y Target Price 16.33 |
Price to earnings Ratio - | 1Y Target Price 16.33 | ||
Volume (30-day avg) 3 | Beta 2.37 | 52 Weeks Range 7.45 - 15.06 | Updated Date 12/6/2025 |
52 Weeks Range 7.45 - 15.06 | Updated Date 12/6/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.67 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -4.24% | Operating Margin (TTM) 15.32% |
Management Effectiveness
Return on Assets (TTM) 3.33% | Return on Equity (TTM) -1946.89% |
Valuation
Trailing PE - | Forward PE 19.23 | Enterprise Value 1068963938 | Price to Sales(TTM) 0.92 |
Enterprise Value 1068963938 | Price to Sales(TTM) 0.92 | ||
Enterprise Value to Revenue 1.45 | Enterprise Value to EBITDA 12.97 | Shares Outstanding 55400743 | Shares Floating 38260910 |
Shares Outstanding 55400743 | Shares Floating 38260910 | ||
Percent Insiders 31.59 | Percent Institutions 73.87 |
Upturn AI SWOT
Lindblad Expeditions Holdings Inc
Company Overview
History and Background
Lindblad Expeditions Holdings Inc. was founded in 1969 by Sven-Olof Lindblad. Initially focused on expedition cruises to remote destinations, the company has expanded its offerings and fleet over the decades. A significant milestone was its merger with National Geographic Expeditions in 2015, rebranding to Lindblad Expeditions Holdings Inc., which broadened its reach and enhanced its brand recognition. The company is a pioneer in responsible tourism, emphasizing education, conservation, and immersive travel experiences.
Core Business Areas
- Expedition Travel: Lindblad Expeditions operates a fleet of specialized ships and land-based expeditions, offering curated travel experiences to unique destinations worldwide, including polar regions, the Galapagos Islands, and various cultural sites. The focus is on educational and adventurous travel led by expert naturalists, photographers, and historians.
- Vacation Ownership: Through its subsidiary, Legacy Vacation Resorts, the company provides vacation ownership services, offering flexible vacation options through its network of resorts.
Leadership and Structure
Lindblad Expeditions Holdings Inc. is led by a management team that includes experienced professionals in the travel and hospitality industries. The company is structured to manage its expedition operations and vacation ownership segments separately, with oversight from a Board of Directors. Key leadership roles typically include a CEO, COO, CFO, and heads of various operational divisions.
Top Products and Market Share
Key Offerings
- Galapagos Expeditions: All-inclusive expedition cruises to the Galapagos Islands, featuring small ship itineraries designed for close encounters with wildlife. Competitors include Hurtigruten, Celebrity Cruises (Xanterra Parks & Resorts), and local operators. Specific market share data is not publicly available for this niche but Lindblad is a recognized leader.
- Polar Expeditions (Arctic & Antarctic): Expedition cruises to the Arctic and Antarctic regions, emphasizing wildlife viewing, ice exploration, and scientific engagement. Competitors include Hurtigruten, Quark Expeditions, and Ponant. Lindblad is a significant player in this premium segment.
- National Geographic Inspired Journeys: A collection of land-based and small-ship voyages in various global destinations, often with a strong focus on photography and cultural immersion, leveraging the National Geographic brand. Competitors include Abercrombie & Kent, G Adventures, and Intrepid Travel.
- Legacy Vacation Resorts: Vacation ownership products offering access to a network of resorts, providing flexibility for vacationers. Competitors include Marriott Vacation Club, Hilton Grand Vacations, and Wyndham Destinations.
Market Dynamics
Industry Overview
The expedition cruise and adventure travel industry is characterized by a growing demand for unique, experiential, and educational travel. Key trends include a focus on sustainability, small-group travel, and destinations offering rich natural and cultural experiences. The industry is sensitive to global economic conditions, geopolitical events, and environmental concerns.
Positioning
Lindblad Expeditions Holdings Inc. is positioned as a premium provider of expedition and adventure travel, distinguished by its strong brand association with National Geographic, its commitment to conservation, and its focus on expert-led educational experiences. Its competitive advantage lies in its deep knowledge of niche destinations, its specialized fleet, and its loyal customer base.
Total Addressable Market (TAM)
The global adventure tourism market is substantial and growing. While specific TAM figures for expedition cruising vary, estimates suggest it's a multi-billion dollar market. Lindblad Expeditions Holdings Inc. targets a premium segment of this market, focusing on high-net-worth individuals and travelers seeking high-quality, educational experiences. Their position is strong within their niche but they are a smaller player in the broader tourism market.
Upturn SWOT Analysis
Strengths
- Strong brand recognition through partnership with National Geographic.
- Expertise in operating in remote and sensitive environments.
- Loyal customer base with a high repeat booking rate.
- Focus on educational and conservation-oriented travel.
- Experienced expedition teams and naturalists.
Weaknesses
- High operational costs associated with specialized ships and remote locations.
- Sensitivity to global travel disruptions (e.g., pandemics, geopolitical events).
- Limited fleet size compared to major cruise lines.
- Reliance on a specific demographic of travelers.
Opportunities
- Growing demand for sustainable and responsible tourism.
- Expansion into new, emerging expedition destinations.
- Leveraging digital platforms for enhanced customer engagement and booking.
- Partnerships with other conservation and educational organizations.
- Growth in the 'experiential travel' trend.
Threats
- Increased competition from other expedition cruise operators.
- Potential environmental regulations and restrictions in sensitive areas.
- Economic downturns impacting luxury travel spending.
- Reputational risks associated with operational incidents or environmental impact.
- Climate change impacting destination accessibility and wildlife.
Competitors and Market Share
Key Competitors
- Hurtigruten (HTRG) (Note: While a major competitor, not a US-listed public company in the same direct way)
- Quark Expeditions (Private)
- Ponant (Private)
- Xanterra Parks & Resorts (Operates in Galapagos, Private)
- Celebrity Cruises (part of Royal Caribbean Group - RCL)
- National Geographic (Brand association, not a direct competitor for operations)
Competitive Landscape
Lindblad Expeditions' advantages lie in its strong brand equity, established expertise in niche destinations, and commitment to educational content. However, competitors like Hurtigruten and Ponant also offer high-quality expedition experiences and may have larger fleets or broader international reach. The inclusion of National Geographic's brand is a significant differentiator. The market is highly competitive, with differentiation often based on itinerary, ship size and amenities, and the expertise of the onboard staff.
Major Acquisitions
National Geographic Expeditions
- Year: 2015
- Acquisition Price (USD millions):
- Strategic Rationale: This acquisition was transformative, rebranding the company as Lindblad Expeditions Holdings Inc. It significantly expanded its market reach, enhanced its brand reputation through association with National Geographic's global recognition, and provided access to a wider range of travel and educational content.
Growth Trajectory and Initiatives
Historical Growth: Lindblad Expeditions has demonstrated growth through strategic acquisitions (e.g., National Geographic Expeditions) and fleet expansion. Its core expedition business has seen a consistent demand for its unique offerings. The vacation ownership segment also contributes to its revenue streams. Growth has been characterized by expanding into new destinations and enhancing the onboard experience.
Future Projections: Future growth is projected to be driven by the increasing consumer appetite for authentic, experiential travel, particularly in the adventure and expedition segments. Analyst estimates would likely focus on increased booking volumes, fleet optimization, and potential expansion of its National Geographic partnership. Projections would consider market trends in sustainable tourism and the recovery of the global travel industry. Numerical projections would be presented in an array format if available.
Recent Initiatives: Recent initiatives likely include the introduction of new itineraries, enhancements to ship amenities, investments in sustainability practices, and leveraging digital marketing to reach a broader audience. The company may also be focusing on post-pandemic recovery strategies to drive bookings and operational efficiency.
Summary
Lindblad Expeditions Holdings Inc. is a specialized player in the growing expedition travel market, benefiting from its strong partnership with National Geographic. Its core strengths lie in its unique itineraries, expert-led programs, and commitment to responsible tourism. However, the company faces challenges related to high operational costs and the cyclical nature of the travel industry. Continued focus on sustainable practices, expanding into new destinations, and leveraging its brand equity will be crucial for sustained growth and mitigating competitive threats.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (SEC)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Analysis Reports
- Company Website (Lindblad Expeditions)
Disclaimers:
This analysis is based on publicly available information and market research. Financial data and market share figures are estimates and may vary. This is not investment advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lindblad Expeditions Holdings Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2015-07-09 | Founder & CEO of Natural Habitat, Inc. Mr. Benjamin L. Bressler | ||
Sector Consumer Cyclical | Industry Travel Services | Full time employees 1230 | Website https://www.expeditions.com |
Full time employees 1230 | Website https://www.expeditions.com | ||
Lindblad Expeditions Holdings, Inc. provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segments. The Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities. The Land Experiences segment comprises natural habitats, which provides over 100 different expedition itineraries in more than 45 countries across seven continents, with eco-conscious expeditions and nature-focused, and small-group tours including polar bear tours and bear adventure; and DuVine provides intimate group cycling and adventure tours around the world with local cycling experts as guides in local cultural, cuisine, and accommodations. This segment also offers off the beaten path, including small group travel, led by local, and experienced guides with focus on wildlife, hiking national parks, and culture; and classic journey, a curated active small-group and private custom journeys centered around cinematic walks led by expert local guides over 50 countries across the world. In addition, it has an agreement with National Geographic Partners, LLC, which provides lecturers and National Geographic experts, including photographers, marine biologists, writers, naturalists, field researchers, and film crews; and partnered with World Wildlife Fund to offer conservation travel. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.