LCLN
Lincoln International, Inc.
Price Chart
Latest Quote
$22.98
| Previous Close | $23.02 |
| Open | $23.33 |
| Day High | $23.52 |
| Day Low | $22.13 |
| Volume | 120,186 |
Stock Information
| Shares Outstanding | 34.74M |
| Total Debt | $412.33M |
| Cash Equivalents | $241.98M |
| Revenue | $796.98M |
| Net Income | $191.47M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $798.23M |
| EPS (TTM) | $-0.86 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $906.52M |
| Sales | $796.98M |
| Income | $191.47M |
| Book/sh | $10.74 |
| Cash/sh | $6.97 |
| Employees | 1K |
Financial Ratios
| Quick Ratio | 1.69 |
| Current Ratio | 1.90 |
| Debt/Eq | 118.68 |
| EPS Growth TTM | -92.20% |
Returns & Margins
| Gross Margin | 93.86% |
| Operating Margin | 4.81% |
| Profit Margin | 24.02% |
Ownership
| Insider Ownership | 7.36% |
| Institutional Ownership | 4.21% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 13.32 |
| P/S | 1.00 |
| P/B | 2.14 |
Analyst Data
| Recommendation | buy |
| Target Price | $27.21 |
Technical Indicators
| SMA20 | $23.60 |
| RSI | 45.83 |
| ATR | 1.3471 |
| Shares Float | 30.03M |
| Short Float | 1.10% |
| Short Ratio | 0.18 |
| Rel Volume | 0.41 |
Performance History
| Week | -3.04% |
| Month | -2.21% |
| YTD | +2.04% |
| 10 Years | +2.04% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-25 | $22.98 | 120,188 |
| 2026-06-24 | $23.02 | 194,500 |
| 2026-06-23 | $23.56 | 185,900 |
| 2026-06-22 | $23.88 | 150,200 |
| 2026-06-18 | $23.74 | 191,500 |
| 2026-06-17 | $23.70 | 196,100 |
| 2026-06-16 | $23.37 | 184,700 |
| 2026-06-15 | $23.32 | 396,600 |
| 2026-06-12 | $24.84 | 449,800 |
| 2026-06-11 | $24.47 | 241,700 |
| 2026-06-10 | $23.93 | 174,200 |
| 2026-06-09 | $23.57 | 354,400 |
| 2026-06-08 | $23.24 | 309,900 |
| 2026-06-05 | $22.16 | 179,300 |
| 2026-06-04 | $23.57 | 197,000 |
| 2026-06-03 | $23.34 | 370,400 |
| 2026-06-02 | $24.49 | 414,200 |
| 2026-06-01 | $24.41 | 670,500 |
| 2026-05-29 | $22.82 | 568,100 |
| 2026-05-28 | $23.53 | 359,100 |
| 2026-05-27 | $22.74 | 642,900 |
| 2026-05-26 | $23.50 | 925,900 |
About Lincoln International, Inc.
Lincoln International, Inc. operates as an independent investment banking advisory firm focuses on the private capital markets in United States and Internationally. The company operates through two segments: Investment Banking Advisory and Valuations and Opinions. The investment Banking Advisory segment provides capital advisory, such as debt advisory, special situations and restructuring, and growth/minority equity; private funds advisory, includes structured / continuation vehicles, single asset vehicles, primary funds, and co-investment vehicles. The Valuations and Opinions segment provides portfolio valuations, transaction opinions and board advisory, disputes advisory services to alternative asset managers includes private equity firms, private credit firms, mutual funds, insurance companies, banks, infrastructure firms, hedge funds, and institutional investors; In addition it also provides financial advice to general partners, boards of directors, special committees, investors, trustees, and other corporate decision-makers at both public and private companies; other services, such as strategic consulting, an executive peer exchange called Connect, which fosters connection and mentorship among leaders within the insurance and wealth sectors, and an agency member network, FirstChoice, which provides members direct insurance carrier access, strategic business planning, advanced technology services, and a education platform. It also develops a platform to support clients in attracting capital and investing with purpose, driving value, and realizing returns. It serves Business Services, Consumer, Healthcare, Industrials, and Technology sectors. The company was founded in 1996 and is based in Chicago, Illinois.
đ° Latest News
Lincoln International Well Positioned in Private Capital Markets Amid Diversified Revenue Growth, Morgan Stanley Says
MT Newswires âĸ 2026-06-15T14:45:12ZThe Anything-Goes Era in Private-Credit Lending Is Coming to an End
The Wall Street Journal âĸ 2026-06-05T01:00:00ZAssessing Lincoln International (LCLN) Valuation After Recent Share Price Weakness
Simply Wall St. âĸ 2026-05-27T07:05:44ZLincoln International rises 12% in NYSE debut
Pitchbook âĸ 2026-05-20T23:24:04ZFinancial Services Roundup: Market Talk
The Wall Street Journal âĸ 2026-05-20T21:03:00ZSector Update: Financial Stocks Rise Late Afternoon
MT Newswires âĸ 2026-05-20T19:58:28ZSector Update: Financial Stocks Advance Wednesday Afternoon
MT Newswires âĸ 2026-05-20T17:57:29ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $625,926,000 | $174,700,000 | $153,600,000 | $224,072,000 |
| Cost Of Revenue | $569,814,000 | $174,700,000 | $153,600,000 | $224,001,000 |
| Total Revenue | $854,161,000 | $578,747,000 | $518,331,000 | $640,652,000 |
| Operating Revenue | $854,161,000 | $578,747,000 | $518,331,000 | $640,652,000 |
| Expenses | ||||
| Total Expenses | $825,689,000 | $420,457,000 | $354,131,000 | $296,510,000 |
| Rent Expense Supplemental | $32,192,000 | $27,051,000 | $26,327,000 | $14,051,000 |
| Other Income Expense | $-12,857,000 | $9,296,000 | $7,920,000 | - |
| Other Non Operating Income Expenses | $-12,857,000 | $9,296,000 | $7,920,000 | - |
| Operating Expense | $255,875,000 | $245,757,000 | $200,531,000 | $72,509,000 |
| Other Operating Expenses | $74,011,000 | $48,617,000 | $42,027,000 | $25,059,000 |
| General And Administrative Expense | $87,949,000 | $183,250,000 | $151,120,000 | $43,765,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $5,409,000 | $160,739,000 | $163,049,000 | $320,614,000 |
| Normalized Income | $5,409,000 | $160,739,000 | $163,049,000 | $320,614,000 |
| Net Income From Continuing And Discontinued Operation | $5,409,000 | $160,739,000 | $163,049,000 | $320,614,000 |
| Total Operating Income As Reported | $28,472,000 | $158,187,000 | $164,175,000 | - |
| Net Income Common Stockholders | $5,409,000 | $160,739,000 | $163,049,000 | $320,614,000 |
| Net Income | $5,409,000 | $160,739,000 | $163,049,000 | $320,614,000 |
| Net Income Including Noncontrolling Interests | $13,336,000 | $163,594,000 | $164,013,000 | $322,478,000 |
| Net Income Continuous Operations | $13,336,000 | $163,594,000 | $164,013,000 | $322,478,000 |
| Pretax Income | $15,615,000 | $167,483,000 | $172,095,000 | $344,142,000 |
| Operating Income | $28,472,000 | $158,290,000 | $164,200,000 | $344,142,000 |
| Depreciation Amortization Depletion Income Statement | $93,915,000 | $13,890,000 | $7,384,000 | $3,685,000 |
| Depreciation And Amortization In Income Statement | $93,915,000 | $13,890,000 | $7,384,000 | $3,685,000 |
| Gross Profit | $284,347,000 | $404,047,000 | $364,731,000 | $416,651,000 |
| Per Share | ||||
| Diluted EPS | $0.09 | $1.55 | $1.57 | $3.09 |
| Basic EPS | $0.16 | $4.82 | $4.89 | $9.62 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $122,387,000 | $172,180,000 | $171,584,000 | $347,827,000 |
| Reconciled Depreciation | $37,803,000 | $13,890,000 | $7,384,000 | $3,614,000 |
| EBITDA (Bullshit earnings) | $122,387,000 | $172,180,000 | $171,584,000 | $347,827,000 |
| EBIT | $28,472,000 | $158,290,000 | $164,200,000 | $344,142,000 |
| Diluted Average Shares | $107,126,225 | $103,642,976 | $103,642,976 | $103,642,976 |
| Basic Average Shares | $33,372,509 | $33,317,083 | $33,317,083 | $33,317,083 |
| Diluted NI Availto Com Stockholders | $5,409,000 | $160,739,000 | $163,049,000 | $320,614,000 |
| Minority Interests | $-7,927,000 | $-2,855,000 | $-964,000 | $-1,864,000 |
| Tax Provision | $2,279,000 | $3,889,000 | $8,082,000 | $21,664,000 |
| Selling General And Administration | $87,949,000 | $183,250,000 | $151,120,000 | $43,765,000 |
| Other Gand A | $48,036,000 | $36,676,000 | $32,176,000 | $23,556,000 |
| Rent And Landing Fees | $32,192,000 | $27,051,000 | $26,327,000 | $14,051,000 |
| Salaries And Wages | $7,721,000 | $119,523,000 | $92,617,000 | $6,158,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-390,373,000 | $-75,954,000 | $-38,853,000 | $-3,278,000 |
| Total Assets | $1,118,138,000 | $640,161,000 | $598,362,000 | $602,956,000 |
| Total Non Current Assets | $584,425,000 | $262,047,000 | $225,352,000 | $152,992,000 |
| Other Non Current Assets | $9,393,000 | $7,086,000 | $6,498,000 | $19,155,000 |
| Non Current Deferred Assets | $9,525,000 | $5,083,000 | $3,031,000 | $328,000 |
| Non Current Deferred Taxes Assets | $9,525,000 | $5,083,000 | $3,031,000 | $328,000 |
| Goodwill And Other Intangible Assets | $390,373,000 | $75,954,000 | $38,853,000 | $3,278,000 |
| Other Intangible Assets | $115,903,000 | $16,067,000 | - | - |
| Current Assets | $533,713,000 | $378,114,000 | $373,010,000 | $449,964,000 |
| Restricted Cash | $4,658,000 | $3,350,000 | $24,760,000 | $3,104,000 |
| Prepaid Assets | $17,458,000 | $10,943,000 | $9,658,000 | $6,824,000 |
| Receivables | $191,428,000 | $138,183,000 | $94,131,000 | $68,924,000 |
| Taxes Receivable | $2,620,000 | $2,136,000 | $984,000 | $2,675,000 |
| Accounts Receivable | $188,808,000 | $136,047,000 | $89,212,000 | $31,742,000 |
| Cash Cash Equivalents And Short Term Investments | $320,169,000 | $225,638,000 | $244,461,000 | $371,112,000 |
| Cash And Cash Equivalents | $320,169,000 | $225,638,000 | $244,461,000 | $371,112,000 |
| Other Receivables | - | $191,000 | $3,935,000 | $2,602,000 |
| Debt | ||||
| Total Debt | $419,219,000 | $150,005,000 | $176,596,000 | $126,528,000 |
| Long Term Debt And Capital Lease Obligation | $419,219,000 | $150,005,000 | $154,596,000 | $126,528,000 |
| Long Term Debt | $270,374,000 | - | - | - |
| Current Debt And Capital Lease Obligation | - | - | $22,000,000 | - |
| Current Debt | - | - | $22,000,000 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $679,532,000 | $285,735,000 | $267,864,000 | $238,362,000 |
| Total Non Current Liabilities Net Minority Interest | $419,700,000 | $154,816,000 | $154,726,000 | $126,674,000 |
| Non Current Deferred Liabilities | $481,000 | $4,811,000 | $130,000 | $146,000 |
| Non Current Deferred Taxes Liabilities | $481,000 | $4,811,000 | $130,000 | $146,000 |
| Current Liabilities | $259,832,000 | $130,919,000 | $113,138,000 | $111,688,000 |
| Current Deferred Liabilities | $2,737,000 | $1,085,000 | $712,000 | $1,531,000 |
| Payables And Accrued Expenses | $257,095,000 | $129,834,000 | $90,426,000 | $110,157,000 |
| Payables | $236,659,000 | $106,919,000 | $83,825,000 | $103,145,000 |
| Other Payable | $138,404,000 | $85,385,000 | $63,461,000 | $69,657,000 |
| Total Tax Payable | $9,770,000 | $7,270,000 | $2,699,000 | $4,798,000 |
| Income Tax Payable | $9,770,000 | $7,270,000 | $2,699,000 | $4,798,000 |
| Accounts Payable | $88,485,000 | $14,264,000 | $17,665,000 | $28,690,000 |
| Equity | ||||
| Common Stock Equity | $431,186,000 | $350,829,000 | $329,612,000 | $358,655,000 |
| Total Equity Gross Minority Interest | $438,606,000 | $354,426,000 | $330,498,000 | $364,594,000 |
| Stockholders Equity | $0 | $0 | $0 | $0 |
| Long Term Equity Investment | - | - | - | $0 |
| Other | ||||
| Ordinary Shares Number | $31,657,019 | $31,657,019 | $31,657,019 | $31,657,019 |
| Share Issued | $31,657,019 | $31,657,019 | $31,657,019 | $31,657,019 |
| Tangible Book Value | $40,813,000 | $274,875,000 | $290,759,000 | $355,377,000 |
| Invested Capital | $701,560,000 | $350,829,000 | $351,612,000 | $358,655,000 |
| Working Capital | $273,881,000 | $247,195,000 | $259,872,000 | $338,276,000 |
| Capital Lease Obligations | $148,845,000 | $150,005,000 | $154,596,000 | $126,528,000 |
| Total Capitalization | $701,560,000 | $350,829,000 | $329,612,000 | $358,655,000 |
| Minority Interest | $7,420,000 | $3,597,000 | $886,000 | $5,939,000 |
| Total Partnership Capital | $431,186,000 | $350,829,000 | $329,612,000 | $358,655,000 |
| General Partnership Capital | $7,420,000 | $3,597,000 | $886,000 | - |
| Limited Partnership Capital | $431,186,000 | $350,829,000 | $329,612,000 | $358,655,000 |
| Long Term Capital Lease Obligation | $148,845,000 | $150,005,000 | $154,596,000 | $126,528,000 |
| Current Deferred Revenue | $2,737,000 | $1,085,000 | $712,000 | $1,531,000 |
| Current Accrued Expenses | $20,436,000 | $22,915,000 | $6,601,000 | $7,012,000 |
| Goodwill | $274,470,000 | $59,887,000 | $38,853,000 | $3,278,000 |
| Net PPE | $175,134,000 | $173,924,000 | $176,970,000 | $130,231,000 |
| Accumulated Depreciation | $-36,646,000 | $-26,317,000 | $-20,292,000 | $-8,487,000 |
| Gross PPE | $211,780,000 | $200,241,000 | $197,262,000 | $138,718,000 |
| Leases | $65,524,000 | $61,658,000 | $59,876,000 | $25,507,000 |
| Construction In Progress | $298,000 | $258,000 | $108,000 | $984,000 |
| Other Properties | $117,537,000 | $115,859,000 | $118,581,000 | $101,354,000 |
| Machinery Furniture Equipment | $28,421,000 | $22,466,000 | $18,697,000 | $10,873,000 |
| Properties | $0 | $0 | $0 | $0 |
| Line Of Credit | - | $0 | $22,000,000 | - |
| Investments And Advances | - | - | - | $0 |
| Investmentsin Associatesat Cost | - | - | - | $0 |
| Duefrom Related Parties Current | - | - | - | $31,905,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $214,437,000 | $140,728,000 | $168,123,000 | $357,890,000 |
| Operating Activities | ||||
| Operating Cash Flow | $216,325,000 | $149,339,000 | $183,676,000 | $364,327,000 |
| Cash Flow From Continuing Operating Activities | $216,325,000 | $149,339,000 | $183,676,000 | $364,327,000 |
| Operating Gains Losses | - | - | - | $-583,000 |
| Investing Activities | ||||
| Capital Expenditure | $-1,888,000 | $-8,611,000 | $-15,553,000 | $-6,437,000 |
| Investing Cash Flow | $-232,432,000 | $-13,872,000 | $-15,553,000 | $-2,106,000 |
| Cash Flow From Continuing Investing Activities | $-232,432,000 | $-13,872,000 | $-15,553,000 | $-2,106,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-173,977,000 | $-153,396,000 | $-164,943,000 | $-185,221,000 |
| Issuance Of Capital Stock | $10,160,000 | $3,453,000 | $6,197,000 | $8,099,000 |
| Financing Cash Flow | $104,105,000 | $-171,943,000 | $-136,746,000 | $-177,122,000 |
| Cash Flow From Continuing Financing Activities | $104,105,000 | $-171,943,000 | $-136,746,000 | $-177,122,000 |
| Net Other Financing Charges | $-7,015,000 | - | - | - |
| Net Common Stock Issuance | $-163,817,000 | $-149,943,000 | $-158,746,000 | $-177,122,000 |
| Common Stock Issuance | $10,160,000 | $3,453,000 | $6,197,000 | $8,099,000 |
| Other | ||||
| Repayment Of Debt | $-25,263,000 | $-22,000,000 | $0 | - |
| Issuance Of Debt | $300,200,000 | $0 | $22,000,000 | - |
| Income Tax Paid Supplemental Data | $13,206,000 | $4,378,000 | $10,369,000 | $20,250,000 |
| End Cash Position | $324,827,000 | $228,988,000 | $269,221,000 | $374,216,000 |
| Beginning Cash Position | $228,988,000 | $269,221,000 | $233,641,000 | $192,743,000 |
| Effect Of Exchange Rate Changes | $7,841,000 | $-3,757,000 | $4,203,000 | $-3,626,000 |
| Changes In Cash | $87,998,000 | $-36,476,000 | $31,377,000 | $185,099,000 |
| Common Stock Payments | $-173,977,000 | $-153,396,000 | $-164,943,000 | $-185,221,000 |
| Net Issuance Payments Of Debt | $274,937,000 | $-22,000,000 | $22,000,000 | - |
| Net Short Term Debt Issuance | $0 | $-22,000,000 | $22,000,000 | - |
| Short Term Debt Payments | $-25,200,000 | $-22,000,000 | $0 | - |
| Short Term Debt Issuance | $25,200,000 | $0 | $22,000,000 | - |
| Net Long Term Debt Issuance | $274,937,000 | $0 | - | - |
| Long Term Debt Payments | $-63,000 | $0 | - | - |
| Long Term Debt Issuance | $275,000,000 | $0 | - | - |
| Net Business Purchase And Sale | $-230,544,000 | $-5,261,000 | $0 | $4,331,000 |
| Purchase Of Business | $-230,544,000 | $-5,261,000 | $0 | - |
| Net PPE Purchase And Sale | $-1,888,000 | $-8,611,000 | $-15,553,000 | $-6,437,000 |
| Purchase Of PPE | $-1,888,000 | $-8,611,000 | $-15,553,000 | $-6,437,000 |
| Change In Working Capital | $22,294,000 | $-42,800,000 | $-4,069,000 | $24,169,000 |
| Change In Other Working Capital | $-346,000 | $383,000 | $-37,000 | $-473,000 |
| Change In Other Current Liabilities | $-17,644,000 | $-14,576,000 | $-12,114,000 | $-1,818,000 |
| Change In Other Current Assets | $-3,199,000 | $-832,000 | $7,076,000 | $-4,358,000 |
| Change In Payables And Accrued Expense | $52,739,000 | $22,882,000 | $-6,318,000 | $41,885,000 |
| Change In Payable | $52,739,000 | $22,882,000 | $-6,318,000 | $41,885,000 |
| Change In Account Payable | $10,550,000 | $1,679,000 | $-8,395,000 | $14,128,000 |
| Change In Tax Payable | $1,777,000 | $3,487,000 | $-1,742,000 | $2,015,000 |
| Change In Income Tax Payable | $1,777,000 | $3,487,000 | $-1,742,000 | $2,015,000 |
| Change In Prepaid Assets | $-2,603,000 | $-1,231,000 | $-1,884,000 | $-1,946,000 |
| Change In Receivables | $-6,653,000 | $-49,426,000 | $9,208,000 | $-9,121,000 |
| Changes In Account Receivables | $1,475,000 | $-55,665,000 | $7,772,000 | $-6,156,000 |
| Other Non Cash Items | $-53,820,000 | $14,854,000 | $14,631,000 | $13,212,000 |
| Provisionand Write Offof Assets | $4,380,000 | $3,590,000 | $2,804,000 | - |
| Deferred Tax | $-8,465,000 | $-3,789,000 | $-1,087,000 | $1,437,000 |
| Deferred Income Tax | $-8,465,000 | $-3,789,000 | $-1,087,000 | $1,437,000 |
| Depreciation Amortization Depletion | $37,803,000 | $13,890,000 | $7,384,000 | $3,614,000 |
| Depreciation And Amortization | $37,803,000 | $13,890,000 | $7,384,000 | $3,614,000 |
| Amortization Cash Flow | $27,300,000 | $6,400,000 | - | $3,614,000 |
| Amortization Of Intangibles | $27,300,000 | $6,400,000 | - | $3,614,000 |
| Depreciation | $8,900,000 | $8,500,000 | - | - |
| Net Income From Continuing Operations | $214,133,000 | $163,594,000 | $164,013,000 | $322,478,000 |
| Sale Of Business | - | - | - | $4,331,000 |
| Earnings Losses From Equity Investments | - | - | - | $-922,000 |
| Gain Loss On Sale Of PPE | - | - | - | $339,000 |