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Lincoln International, Inc.

LCLNNYSEFinancialsAsset Management

$24.21Today:- (-)

As of Oct 28, 2026 close

Market cap
$950.81M
P/E (TTM)
18.71
Forward P/E
-
Dividend yield
0.28%
52-week range
$20.05$27.55
Volume (live)
-
Avg. volume (3M)
613.89K

Lincoln International (LCLN) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Lincoln International generated $216.32M of operating cash flow and spent $1.89M on capital expenditures. That left free cash flow of $214.44M, up 52.4% from $140.73M a year earlier, or 27.4% of revenue. It repurchased $173.98M of its own shares.

Lincoln International Cash Flow Statement Analysis

Values in millions USD

Income StatementBalance SheetCash FlowRatios
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Cash flow statement showing operating, investing, and financing activities for Lincoln International, Inc. (LCLN) - Annual data in millions USD
BreakdownFY 2025FY 2024FY 2023FY 2021FY 2020
Period endingDec 2025Dec 2024Dec 2023Dec 2021Dec 2020
Operating Activities
Net Income214.13163.59164.01--
Depreciation & Amortization37.8013.897.383.61-
Deferred Income Tax-8.47-3.79-1.091.44-
Stock Based Compensation0.002.000.003.78-
Change in Working Capital22.29-42.80-4.0724.17-
Change in Accounts Receivable-6.65-49.439.21--
Change in Accounts Payable10.5522.88-8.4041.89-
Change in Other Working Capital18.4014.85-4.8813.21-
Other Operating Activities-49.4414.8517.4413.21-
Net Cash from Operating Activities216.33149.34183.68364.33155.25
Investing Activities
Capital Expenditures-1.89-8.61-15.55-6.44-22.96
Acquisitions-230.54-5.260.00--
Net Cash from Investing Activities-232.43-13.87-15.55-2.11-22.96
Financing Activities
Debt Repayment274.94-22.0022.00--
Common Stock Issued10.163.456.208.10-
Common Stock Repurchased-173.98-153.40-164.94-185.22-
Other Financing Activities-7.020.000.00--
Net Cash from Financing Activities104.11-171.94-136.75-177.12-100.65
Summary
Effect of Forex Changes on Cash7.84-3.764.20-3.63-
Net Change in Cash95.84-40.2335.58181.4734.15
Cash at Beginning of Period228.99269.22233.64192.74-
Cash at End of Period324.83228.99269.22374.22-
Free Cash Flow214.44140.73168.12357.89132.30

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Lincoln International Cash Flow

What is Lincoln International's free cash flow?

Lincoln International generated free cash flow of $214.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $216.32M minus $1.89M of capital expenditures. That was up 52.4% from $140.73M a year earlier. Free cash flow equaled 27.4% of revenue.

How much does Lincoln International spend on capital expenditures?

Lincoln International spent $1.89M on capital expenditures in fiscal 2025, compared with $8.61M a year earlier. That equals 0.9% of operating cash flow.

Does Lincoln International pay dividends or buy back shares?

Yes. In fiscal 2025 Lincoln International returned $173.98M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition