Lincoln Educational Services Net Assets
Lincoln Educational Services net assets. Based on the latest financial reports, Lincoln Educational Services (LINC) has net assets worth $202.39 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($529.78 Million) and total liabilities ($327.39 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See Lincoln Educational Services (LINC) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $202.39 Million |
| % of Total Assets | 38.2% |
| Annual Growth Rate | 7.24% |
| 5-Year Change | 41.22% |
| 10-Year Change | 175.85% |
| Growth Volatility | 38.09 |
Net Assets of Lincoln Educational Services (2003–2025)
Net assets of Lincoln Educational Services from 2003 to 2025. This chart illustrates how Lincoln Educational Services's net assets have evolved over time, based on quarterly financial data. Also explore Lincoln Educational Services annual equity growth to track the company's year-over-year net asset growth rate.
Annual Net Assets for Lincoln Educational Services (2003–2025)
The table below shows the annual net assets of Lincoln Educational Services from 2003 to 2025. For live market cap and overall valuation, see LINC market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $199.69 Million | +12.02% |
| 2024-12-31 | $178.26 Million | +6.87% |
| 2023-12-31 | $166.80 Million | +15.13% |
| 2022-12-31 | $144.88 Million | +2.46% |
| 2021-12-31 | $141.40 Million | +37.22% |
| 2020-12-31 | $103.05 Million | +86.92% |
| 2019-12-31 | $55.13 Million | +38.29% |
| 2018-12-31 | $39.87 Million | -12.98% |
| 2017-12-31 | $45.81 Million | -36.71% |
| 2016-12-31 | $72.39 Million | -10.63% |
| 2015-12-31 | $81.00 Million | -2.43% |
| 2014-12-31 | $83.01 Million | -42.83% |
| 2013-12-31 | $145.20 Million | -26.84% |
| 2012-12-31 | $198.48 Million | -16.96% |
| 2011-12-31 | $239.03 Million | +7.43% |
| 2010-12-31 | $222.49 Million | +1.76% |
| 2009-12-31 | $218.64 Million | +24.97% |
| 2008-12-31 | $174.95 Million | +7.68% |
| 2007-12-31 | $162.47 Million | +7.04% |
| 2006-12-31 | $151.78 Million | +11.61% |
| 2005-12-31 | $135.99 Million | +134.12% |
| 2004-12-31 | $58.09 Million | +35.32% |
| 2003-12-31 | $42.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lincoln Educational Services's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9916800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Lincoln Educational Services Net Assets Breakdown (December 2025)
Lincoln Educational Services net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $99.17 Million | 49.66% |
| Common Stock | $48.18 Million | 24.13% |
| Other Components | $52.34 Million | 26.21% |
| Total Equity | $199.69 Million | 100.00% |
Lincoln Educational Services Competitors by Market Cap
The table below lists competitors of Lincoln Educational Services ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Hualu Baina Film TV
SHE:300291
|
$687.76 Million |
|
WESTROCK COFFEE CL.A
F:V3J
|
$687.78 Million |
|
Mengtian Home Group Inc.
SHG:603216
|
$688.23 Million |
|
Paramount Global Class A
NASDAQ:PARAA
|
$688.28 Million |
|
Investment AB Oresund
ST:ORES
|
$686.86 Million |
|
Prashkovsky
TA:PRSK
|
$686.79 Million |
|
Hua Yuan Property Co Ltd
SHG:600743
|
$686.62 Million |
|
Amsterdam Commodities NV
AS:ACOMO
|
$686.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lincoln Educational Services's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 178,264,000 to 199,688,000, a change of 21,424,000 (12.0%).
- Net income of 19,998,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 274,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.00 Million | +10.01% |
| Other Comprehensive Income | $-274.00K | -0.14% |
| Other Changes | $1.70 Million | +0.85% |
| Total Change | $- | 12.02% |
Book Value vs Market Value Analysis
This analysis compares Lincoln Educational Services's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13.58x to 3.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $1.60 | $21.68 | x |
| 2003-12-31 | $1.92 | $21.68 | x |
| 2004-12-31 | $2.52 | $21.68 | x |
| 2005-12-31 | $5.55 | $21.68 | x |
| 2006-12-31 | $5.82 | $21.68 | x |
| 2007-12-31 | $6.23 | $21.68 | x |
| 2008-12-31 | $6.73 | $21.68 | x |
| 2009-12-31 | $8.07 | $21.68 | x |
| 2010-12-31 | $8.89 | $21.68 | x |
| 2011-12-31 | $10.79 | $21.68 | x |
| 2012-12-31 | $8.94 | $21.68 | x |
| 2013-12-31 | $6.45 | $21.68 | x |
| 2014-12-31 | $3.64 | $21.68 | x |
| 2015-12-31 | $3.50 | $21.68 | x |
| 2016-12-31 | $3.09 | $21.68 | x |
| 2017-12-31 | $1.92 | $21.68 | x |
| 2018-12-31 | $1.63 | $21.68 | x |
| 2019-12-31 | $2.25 | $21.68 | x |
| 2020-12-31 | $4.16 | $21.68 | x |
| 2021-12-31 | $5.64 | $21.68 | x |
| 2022-12-31 | $5.60 | $21.68 | x |
| 2023-12-31 | $5.46 | $21.68 | x |
| 2024-12-31 | $5.77 | $21.68 | x |
| 2025-12-31 | $6.39 | $21.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lincoln Educational Services utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.86%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.47x
- Recent ROE (10.01%) is above the historical average (1.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -13.62% | -4.39% | 1.19x | 2.61x | $-8.05 Million |
| 2003 | 19.15% | 4.13% | 1.43x | 3.25x | $3.93 Million |
| 2004 | 22.34% | 4.97% | 1.61x | 2.80x | $7.17 Million |
| 2005 | 13.76% | 6.25% | 1.39x | 1.58x | $5.11 Million |
| 2006 | 10.25% | 4.84% | 1.42x | 1.49x | $373.70K |
| 2007 | 5.13% | 2.54% | 1.33x | 1.52x | $-7.91 Million |
| 2008 | 11.54% | 5.36% | 1.41x | 1.53x | $2.70 Million |
| 2009 | 22.52% | 8.91% | 1.42x | 1.78x | $27.38 Million |
| 2010 | 31.34% | 10.90% | 1.55x | 1.86x | $47.48 Million |
| 2011 | 7.34% | 3.42% | 1.42x | 1.52x | $-6.36 Million |
| 2012 | -18.74% | -9.23% | 1.16x | 1.75x | $-57.03 Million |
| 2013 | -35.32% | -14.86% | 1.13x | 2.11x | $-65.81 Million |
| 2014 | -67.62% | -17.27% | 1.52x | 2.57x | $-64.43 Million |
| 2015 | -4.14% | -1.73% | 0.92x | 2.60x | $-11.45 Million |
| 2016 | -39.10% | -14.37% | 1.21x | 2.25x | $-35.54 Million |
| 2017 | -25.07% | -4.39% | 1.69x | 3.39x | $-16.07 Million |
| 2018 | -16.42% | -2.49% | 1.80x | 3.66x | $-10.53 Million |
| 2019 | 3.65% | 0.74% | 1.40x | 3.53x | $-3.50 Million |
| 2020 | 47.13% | 16.57% | 1.20x | 2.38x | $38.26 Million |
| 2021 | 24.55% | 10.35% | 1.14x | 2.09x | $20.58 Million |
| 2022 | 8.72% | 3.63% | 1.19x | 2.01x | $-1.85 Million |
| 2023 | 15.59% | 6.88% | 1.10x | 2.07x | $9.32 Million |
| 2024 | 5.55% | 2.25% | 1.01x | 2.45x | $-7.94 Million |
| 2025 | 10.01% | 3.86% | 1.05x | 2.47x | $29.20K |
Industry Comparison
This section compares Lincoln Educational Services's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $527,728,744
- Average return on equity (ROE) among peers: 1.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lincoln Educational Services (LINC) | $202.39 Million | -13.62% | 1.62x | $687.72 Million |
| ATA Creativity Global (AACG) | $363.15 Million | 5.56% | 0.20x | $23.11 Million |
| Afya Ltd (AFYA) | $2.83 Billion | 10.31% | 0.69x | $753.05 Million |
| Ambow Education Holding Ltd (AMBO) | $6.74 Million | 33.48% | 1.58x | $6.45 Million |
| American Public Education Inc (APEI) | $303.88 Million | 5.30% | 0.88x | $874.26 Million |
| Adtalem Global Education Inc (ATGE) | $641.97 Million | 11.87% | 0.31x | $3.40 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $-18.42 Million | 0.00% | 0.00x | $17.48 Million |
| Chegg Inc (CHGG) | $498.83 Million | -1.93% | 1.98x | $78.62 Million |
| China Liberal Education Holdings (CLEU) | $5.18 Million | 8.45% | 0.32x | $336.66K |
| 51Talk Online Education Group (COE) | $6.49 Million | -45.24% | 0.61x | $113.01 Million |
| Coursera Inc (COUR) | $635.70 Million | -8.02% | 0.57x | $1.45 Billion |
About Lincoln Educational Services
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, i… Read more