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Lincoln International, Inc. operates as an independent investment banking advisory firm in the United States, Europe, and Asia. It operates through two segments: Investment Banking Advisory and Valuations and Opinions. The investment Banking Advisory segment offers capital advisory, such as debt advisory, special situations and restructuring, and growth/minority equity; private funds advisory which includes structured / continuation vehicles, single asset vehicles, primary funds, and co-investment vehicles. Its 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, the company offers 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; and FirstChoice, which provides members direct insurance carrier access, strategic business planning, advanced technology services, and education platform. It serves Business Services, Consumer, Financial services, Healthcare, Industrials, and Technology sectors. The company was founded in 1996 and is based in Chicago, Illinois.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
| Income before tax | 219.85M | 167.48M | 172.09M | 344.14M |
| Minority interest | -7.93M | -2.85M | -0.96M | -1.86M |
| Net income | 214.13M | 160.74M | 163.05M | 320.61M |
| Selling general administrative | 87.95M | 183.25M | 151.12M | 43.77M |
| Gross profit | 682.58M | 404.05M | 364.73M | 416.65M |
| Reconciled depreciation | 37.80M | 13.89M | 7.38M | 3.61M |
| Ebit | 219.85M | 158.29M | 164.20M | - |
| Ebitda | 257.66M | 172.18M | 171.58M | - |
| Depreciation and amortization | 37.80M | 13.89M | 7.38M | - |
| Operating income | 215.92M | 158.29M | 164.20M | 344.14M |
| Other operating expenses | 567.89M | 420.46M | 354.13M | - |
| Tax provision | 2.28M | 3.89M | 8.08M | 21.66M |
| Income tax expense | 5.72M | 3.89M | 8.08M | - |
| Total revenue | 783.81M | 578.75M | 518.33M | 640.65M |
| Total operating expenses | 466.66M | 245.76M | 200.53M | 296.51M |
| Cost of revenue | 101.22M | 174.70M | 153.60M | 224.00M |
| Total other income expense net | 3.93M | 9.19M | 7.89M | - |
| Net income from continuing ops | 13.34M | 163.59M | 164.01M | 322.48M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
| Total assets | 1118.14M | 640.16M | 598.36M | 602.96M |
| Intangible assets | 115.90M | 16.07M | - | - |
| Other current assets | - | - | 34.42M | - |
| Total liab | 679.53M | 285.74M | 267.86M | 238.36M |
| Total stockholder equity | 431.19M | 350.83M | 0.00M | 0.00M |
| Other current liab | -100.99M | -22.62M | 70.06M | - |
| Common stock | 431.19M | 350.83M | - | - |
| Good will | 274.47M | 59.89M | 38.85M | 3.28M |
| Cash | 324.83M | 228.99M | 244.46M | 371.11M |
| Total current liabilities | 24.31M | 19.85M | 113.14M | 111.69M |
| Current deferred revenue | 2.74M | 1.08M | 0.71M | - |
| Net debt | 94.39M | -78.98M | -67.86M | - |
| Short term debt | 24.31M | 19.85M | 22.00M | - |
| Short long term debt | - | - | 22.00M | - |
| Short long term debt total | 419.22M | 150.00M | 176.60M | - |
| Total current assets | 516.25M | 367.17M | 373.01M | 449.96M |
| Long term investments | - | - | - | 0.00M |
| Net receivables | 191.43M | 138.18M | 94.13M | 31.74M |
| Long term debt | 270.37M | - | - | - |
| Accounts payable | 88.48M | 14.26M | 17.66M | 28.69M |
| Non currrent assets other | 26.85M | 18.03M | 6.50M | 19.16M |
| Non current assets total | 601.88M | 272.99M | 225.35M | 152.99M |
| Capital lease obligations | 148.84M | 150.00M | 154.60M | 126.53M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 |
| Total cashflows from investing activities | -232.43M | -13.87M | -15.55M | - |
| Net borrowings | 274.94M | -22.00M | 22.00M | - |
| Total cash from financing activities | 104.11M | -171.94M | -136.75M | -177.12M |
| Net income | 214.13M | 163.59M | 164.01M | 320.61M |
| Change in cash | 95.84M | -40.23M | 35.58M | 181.47M |
| Begin period cash flow | 228.99M | 269.22M | 233.64M | 192.74M |
| End period cash flow | 324.83M | 228.99M | 269.22M | 374.22M |
| Total cash from operating activities | 216.32M | 149.34M | 183.68M | 364.33M |
| Issuance of capital stock | 10.16M | 3.45M | 6.20M | 8.10M |
| Depreciation | 37.80M | 13.89M | 7.38M | 3.61M |
| Change to account receivables | -6.65M | -49.43M | 9.21M | -6.16M |
| Sale purchase of stock | -173.98M | -153.40M | -164.94M | -185.22M |
| Other cashflows from financing activities | -7.01M | - | - | - |
| Capital expenditures | 1.89M | 8.61M | 15.55M | 6.44M |
| Change in working capital | 22.29M | -42.80M | -4.07M | 24.17M |
| Other non cash items | -49.44M | 18.44M | 17.43M | 13.21M |
| Free cash flow | 214.44M | 140.73M | 168.12M | 357.89M |
Sector: Financial Services Industry: Capital Markets
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LCLN Lincoln International, Inc. |
0.97 3.74% |
26.93 | - | - | 3.18 | 6.94 | 0.97 | 12.45 |
| GS Goldman Sachs Group Inc |
40.40 4.67% |
906.22 | 17.21 | 16.00 | 4.47 | 2.26 | 11.15 | - |
| SCHW Charles Schwab Corp |
1.30 1.43% |
92.80 | 19.53 | 13.89 | 7.16 | 4.22 | 8.80 | - |
| MS Morgan Stanley |
5.67 3.12% |
187.11 | 16.50 | 13.76 | 2.80 | 1.65 | - | - |
| IBKR Interactive Brokers Group Inc |
1.75 2.31% |
77.57 | 35.95 | 27.93 | 22.14 | 6.96 | 3.01 | 3.37 |
Lincoln International, Inc. operates as an independent investment banking advisory firm in the United States, Europe, and Asia. It operates through two segments: Investment Banking Advisory and Valuations and Opinions. The investment Banking Advisory segment offers capital advisory, such as debt advisory, special situations and restructuring, and growth/minority equity; private funds advisory which includes structured / continuation vehicles, single asset vehicles, primary funds, and co-investment vehicles. Its 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, the company offers 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; and FirstChoice, which provides members direct insurance carrier access, strategic business planning, advanced technology services, and education platform. It serves Business Services, Consumer, Financial services, Healthcare, Industrials, and Technology sectors. The company was founded in 1996 and is based in Chicago, Illinois.
110 North Wacker Drive, Chicago, IL, United States, 60606
312 580 8339
1400
| Name | Title | Year Born |
|---|---|---|
| Mr. Robert Todd Brown | CEO & Director | 1968 |
| Mr. Eric Dennis Malchow | President, Global Head of M&A and Director | 1968 |
| Ms. Mary R. Weber | Chief Operating Officer | 1987 |
| Mr. Lawrence James Lawson III | Co-Founder & Executive Chairman | 1956 |
| Mr. Robert Bruce Barr B.A., M.B.A. | Co-founder, MD & Director | 1954 |
| Mr. Theodore J. Heidloff | Chief Financial Officer | 1977 |
| Ms. Kristin M. Marvin | General Counsel | 1981 |
| Mr. Chris Swiecicki | Managing Director | NA |
| Mr. Don Matz | Managing Director | NA |
| Mr. Benoit Voyer | Managing Director of Capital Advisory Group | NA |
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