In short
Lincoln National Corp (LNC) has revenue down 1.2% to $18.2B and net income down 64.1% to $1.2B year on year. Its net margin is 6.5%, and it trades at 3.5× trailing earnings. Fisclear flags 1 medium-severity risk and no high-severity ones. How we calculate this
Compare: LNC vs MET · LNC vs PRU · AFL vs LNC · LNC vs UNM
Valuation
Financial ServicesLive · Yahoo FinancePrice
$40.72
$7.8B
4.46%
52-Week Range
Decision Context
Altman Z-Score indicates financial distress risk. Review debt levels and cash runway before any position sizing decision.
Based on filing period ending Jun 2026
FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.
Macro Context
Fed Funds Rate
3.75%
Accommodative
10-Year Treasury
4.99%
2026-09-01
Unemployment
4.2%
Near full employment
CPI Index
334.1
2026-08-01
M2 Money Supply
$23.3T
2026-08-01
The Federal Funds rate stands at 3.75% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.99%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.2%; Industrial production index is at 103.1; M2 money supply is $23.3T; CPI index stands at 334.1.
SWOT Analysis — LNC
Inflationary BoomStrengths
Operating Cash Flow: -$167.0M (+91.7% YoY) — Negative operating cash flow — the business consumed more cash than it produced from operations.
Total Assets: $417.2B (+6.7% YoY) — Total assets grew 7% — the company's resource base expanded.
Weaknesses
EPS (Diluted): $5.83 (-68.3% YoY) — Earnings per share fell 68%.
Net Income: $1.2B (-64.1% YoY) — Profit fell 64% but remained positive.
Revenue: $18.2B (-1.2% YoY) — Revenue fell 1% — the company generated less from its core operations.
Price-to-book ratio of 0.76x — stock trades below book value, which may indicate market concerns about asset quality or profitability.
Opportunities
No clear opportunities identified at this time.
Threats
Net income dropped 64% year-over-year — a significant compression in profitability.
Year-over-Year Changes
Operating Cash Flow
-$167.0M
was -$2.0B
Negative operating cash flow — the business consumed more cash than it produced from operations.
EPS (Diluted)
$5.83
was $18.41
Earnings per share fell 68%.
Net Income
$1.2B
was $3.3B
Profit fell 64% but remained positive.
Total Assets
$417.2B
was $390.8B
Total assets grew 7% — the company's resource base expanded.
Revenue
$18.2B
was $18.4B
Revenue fell 1% — the company generated less from its core operations.
Risk Flags
0 high · 1 medium · 1 low- ◈ Medium
Net income dropped 64% year-over-year — a significant compression in profitability.
- ○ Low
Price-to-book ratio of 0.76x — stock trades below book value, which may indicate market concerns about asset quality or profitability.
Technical Signals
Daily closes · 1-year dataLincoln National Corp: common questions
Is Lincoln National Corp profitable?
Yes. Lincoln National Corp made a net profit of $1.2B in its latest fiscal year (fiscal 2025), a net margin of 6.5%.
Is Lincoln National Corp's revenue growing?
No. Revenue fell 1.2% year on year, to $18.2B.
What is Lincoln National Corp's P/E ratio?
Lincoln National Corp trades at 3.5× its trailing twelve-month earnings. In other words, the share price is about 3 times the profit per share the company earned over the past year.
Does Lincoln National Corp pay a dividend?
Yes. Lincoln National Corp's forward dividend yield is 4.46%, the expected annual dividend as a share of the current share price.
What are the main risks for Lincoln National Corp?
Fisclear's checks flag 1 medium- or high-severity risk. The most serious: Net income dropped 64% year-over-year — a significant compression in profitability.
Answers are generated from the figures in this report (updated 9 Oct 2026). Information, not investment advice.
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Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.