LINCOLN EDUCATIONAL SERVICES Revenues Increase 7.9% to USD 88.7 Million in Q2 FY2023

August 11, 2023

☀️Earnings Overview

For the second quarter of FY2023, LINCOLN EDUCATIONAL SERVICES ($NASDAQ:LINC) reported total revenue of USD 88.7 million, a 7.9% increase from the same period in the previous fiscal year. Net income was an astounding USD 17.2 million, representing a 5,700% rise from the 0.3 million reported in the same quarter of the prior year.


GoodWhale has performed an analysis of LINCOLN EDUCATIONAL SERVICES’s fundamentals. The Star Chart assigned to LINCOLN EDUCATIONAL SERVICES a health score of 6/10, indicating that its cashflows and debt are at an intermediate level. This could mean that the company is able to pay off debt and finance future operations. Additionally, LINCOLN EDUCATIONAL SERVICES is strong in profitability, medium in asset growth, and weak in dividend, classifying it as a ‘rhino’ type of company with moderate revenue or earnings growth. Given the analysis of LINCOLN EDUCATIONAL SERVICES’s fundamentals, investors who prioritize high profitability and asset growth may be interested in the company. Those who are more risk-averse and prioritize dividend payouts may not find the company as attractive. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for LINC. More…

    Total Revenues Net Income Net Margin
    359.52 26.43 2.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for LINC. More…

    Operations Investing Financing
    21.28 -7.34 -10.36
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for LINC. More…

    Total Assets Total Liabilities Book Value Per Share
    311.42 156.95 4.93
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for LINC are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    8.8% 4.5% 11.1%
    FCF Margin ROE ROA
    1.4% 17.2% 8.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • Peers

    In the world of for-profit education, there is intense competition between the major players. Lincoln Educational Services Corp is one of the leading companies in this industry, and its competitors include National American University Holdings Inc, Adtalem Global Education Inc, and Graham Holdings Co. All of these companies are striving to provide the best education possible to their students, and they are constantly innovating and expanding in order to stay ahead of the competition.

    – National American University Holdings Inc ($OTCPK:NAUH)

    National American University Holdings Inc is a for-profit education company. It offers undergraduate and graduate degree programs in business, healthcare and information technology. The company has a market cap of 2.12M as of 2022 and a Return on Equity of -51.55%.

    The company has been facing financial difficulties in recent years, which has led to its market cap and ROE declining. Despite this, the company remains committed to providing quality education to its students.

    – Adtalem Global Education Inc ($NYSE:ATGE)

    Adtalem Global Education Inc is a provider of educational services. The company operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and Graduate and Undergraduate Education. The Medical and Healthcare segment provides educational programs and services to students pursuing careers in the healthcare field. The Professional Education segment offers educational programs and services for students pursuing careers in the legal, business, and accounting fields. The Technology and Business segment provides educational programs and services for students pursuing careers in the information technology and business fields. The Graduate and Undergraduate Education segment offers educational programs and services for students pursuing undergraduate and graduate degrees.

    Adtalem Global Education Inc has a market cap of 1.69B as of 2022. The company has a Return on Equity of 2.45%.

    – Graham Holdings Co ($NYSE:GHC)

    The Washington Post Company is an American media company, headquartered in Washington, D.C. The Post Company owns a variety of media businesses, including the Washington Post newspaper, Slate magazine, and Kaplan, Inc. The Post Company’s media properties reach a wide audience, with over 70 million unique visitors to its various websites each month.

    The company has a market capitalization of $2.79 billion and a return on equity of 3.23%. The Washington Post Company’s media businesses provide it with a wide reach and a large audience. The company’s focus on quality journalism and its commitment to serving the public interest make it an important voice in the media landscape.


    LINCOLN EDUCATIONAL SERVICES has reported strong earnings for the second quarter of 2023, with total revenues of USD 88.7 million and net income of USD 17.2 million. This represents a 7.9% and 5,700% increase respectively from the same period in the prior year. As a result, the stock price rose that day, indicating an optimistic outlook for investors.

    This strong performance could be driven by a variety of factors, including increased demand for education services, cost-cutting measures, and successful marketing strategies. With such impressive results, investors may want to consider LINCOLN EDUCATIONAL SERVICES as a potential investment opportunity.

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