Lincoln Educational Services Corporation Common Stock (LINC)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Lincoln Educational Services as a career-school operator: a useful business, but a competitive and cyclical one. The filed numbers show recent momentum. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $142.6 million and net income was $1.9 million, or $0.06 per diluted share. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $144.0 million and net income was $4.4 million, or $0.14 per diluted share. For FY2025, ended 2025-12-31, revenue was $518.2 million, net income $20.0 million, and diluted EPS $0.64. That compared with FY2024 revenue of $440.1 million, net income of $9.9 million, and diluted EPS of $0.32. But FY2023, ended 2023-12-31, still had $26.0 million of net income on $378.1 million of revenue, so FY2025 profit remained below FY2023 despite much higher revenue. The latest quarter's 1.37% net margin is very thin. FairStock's calculations at the 2026-10-13 close of $23.45 show a P/E of 32.12, P/B of 3.68, ROE of 11.90%, ROCE of 4.20%, debt-to-equity of 1.13, FCF yield of 3.3%, Piotroski F-score of 4/9, Altman Z-score of 1.92, and a Graham Number of $10.24, leaving a negative 129% margin of safety. The PEG ratio is 0.26, but the computed Lynch category is a SLOW GROWER — Shrinking, with profit down 16.3% a year over five years. I see no clear wide moat in these figures, only a competitive operator with improving revenue and modest cash generation. The price looks full relative to earnings, book value, and Graham value unless profit growth becomes durable. The FairStock score is 42/100.

In plain English: Lincoln Educational Services runs career-focused schools that teach automotive technology, skilled trades, and similar programs. The business is growing sales, but profits are thin and the latest quarter earned only a small amount. At the recent price, the stock looks expensive compared with its earnings unless future growth is much stronger.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer