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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Lincoln National (LNC) Operating Margin (2016 - 2025)

Lincoln National's Operating Margin history spans 17 years, with the latest figure at 32.45% for Q4 2025.

  • For Q4 2025, Operating Margin rose 400.0% year-over-year to 32.45%; the TTM value through Dec 2025 reached 33.3%, up 329.0%, while the annual FY2025 figure was 33.36%, 330.0% up from the prior year.
  • Operating Margin reached 32.45% in Q4 2025 per LNC's latest filing, down from 33.9% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 204.86% in Q4 2023 to a low of 25.85% in Q2 2024.
  • Average Operating Margin over 5 years is 58.02%, with a median of 35.0% recorded in 2023.
  • Peak YoY movement for Operating Margin: skyrocketed 11465bps in 2023, then tumbled -17642bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 101.76% in 2021, then decreased by -11bps to 90.22% in 2022, then soared by 127bps to 204.86% in 2023, then tumbled by -86bps to 28.45% in 2024, then grew by 14bps to 32.45% in 2025.
  • Per Business Quant, the three most recent readings for LNC's Operating Margin are 32.45% (Q4 2025), 33.9% (Q3 2025), and 36.25% (Q2 2025).