WinstonWınston
Back
Lincoln Educational Services Corporation logo

Lincoln Educational Services Corporation

LINC
48
Education & Training Services · Consumer Defensive
Exchange
NASDAQ
Winston Score
48
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Exceptional
Cash Flow
Strong
Stability
Strong
Valuation
Weak

Winston Score History

The full picture

Lincoln Educational Services runs a network of for-profit vocational schools across the United States. The schools train students for hands-on careers in fields like automotive technology, healthcare, skilled trades, and information technology. Lincoln targets working-age adults who want practical job skills without a traditional four-year college degree.

The company earns money primarily through tuition paid by students, much of which is funded by federal financial aid programs like Pell Grants and student loans. Lincoln operates roughly 22 campuses in about 14 states, mostly in the eastern half of the country. Its focus on trade and technical skills gives it some insulation from competition with traditional universities, but the business is heavily dependent on federal funding rules — any tightening of regulations around for-profit schools or student loan eligibility could significantly hurt enrollment and revenue. Expanding into high-demand trades like electric vehicle technology represents a key near-term growth opportunity.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+22.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+20.0% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

12.4%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$44M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Lincoln Educational Services Corporation is a rare growth stock that's already generating positive cash flow while growing at 22%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
0.0%
Thin — 0.0% gross margin
Profit after running costs
Operating Margin
2.3%
Thin — 2.3% operating margin
Return on the money invested
ROCE
7.9%
Weak — 7.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+22.0%
Fast-growing sales (+22.0% YoY)
Profit growth
EPS YoY
+59.8%
Earnings growing fast (+59.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
412%
Turns 412% of profit into real cash
Spare cash per sale
FCF Margin
4.3%
Thin free cash flow (4.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.13
Elevated debt (1.13)
Covers its interest
Interest Cover
20.38x
Comfortably covers interest (20.4x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
34.8x
no trend
Pricey — P/E 34.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial