Lincoln National (LNC) Return on Invested Capital [ROIC] (2009 - 2026)
Lincoln National's Return on Invested Capital [ROIC] was -37.47% in Q2 2026, up 28.47 percentage points from -65.94% a year earlier but down 2.03 percentage points from the prior quarter.
Lincoln National (LNC) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Lincoln National came in at -36.07%, down 13.26 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -6.29 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was -22.81% in FY2024 (+15.92 pp), -38.73% in FY2023 (-10.81 pp), -27.91% in FY2022 (-16.68 pp) and -11.23% in FY2021 (+18.54 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between -76.44% (Q3 2023) and -16.07% (Q1 2022) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in five of the last eight quarters, with an average year-over-year change of +4.05 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2024 (a gain of 32.36 percentage points); the worst was Q1 2023 (a drop of 51.74 percentage points).
- Per Business Quant data, LNC's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was -35.44% (Q1 2026), -41.54% (Q4 2025) and -45.43% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,168.75 Bn | -248.72 Bn | 55.86 Bn | -10.42% |
| 2 | Chubb | 136.94 Bn | 89.00 Bn | 9.13 Bn | -9.62% |
| 3 | Progressive | 132.57 Bn | 108.40 Bn | 9.04 Bn | -78.36% |
| 4 | Marsh & Mclennan Companies | 93.82 Bn | 86.22 Bn | - | 13.08% |
| 5 | Travelers Companies | 83.08 Bn | 59.33 Bn | 6.23 Bn | -27.73% |
| 6 | Manulife Financial | 75.37 Bn | -18.34 Bn | - | - |
| 7 | Arthur J. Gallagher | 68.71 Bn | 63.14 Bn | - | 5.67% |
| 8 | Aon | 64.39 Bn | 57.63 Bn | - | 14.78% |
| 9 | Allstate | 64.30 Bn | 25.55 Bn | 8.73 Bn | -37.39% |
| 10 | Lincoln National | 7.63 Bn | -36.65 Bn | 2.62 Bn | -24.08% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -24.08% |
| Mar 31, 2026 | -29.59% |
| Dec 31, 2025 | -34.86% |
| Sep 30, 2025 | -28.81% |
| Jun 30, 2025 | -39.82% |
| Mar 31, 2025 | -39.00% |
| Dec 31, 2024 | -21.43% |
| Sep 30, 2024 | -35.08% |
| Jun 30, 2024 | -22.05% |
| Mar 31, 2024 | -28.16% |
| Dec 31, 2023 | -43.50% |
| Sep 30, 2023 | -76.44% |
| Jun 30, 2023 | -69.72% |
| Mar 31, 2023 | -67.81% |
| Dec 31, 2022 | -56.54% |
| Sep 30, 2022 | -43.37% |
| Jun 30, 2022 | -19.64% |
| Mar 31, 2022 | -16.07% |
| Dec 31, 2021 | -19.40% |
| Sep 30, 2021 | -21.45% |
Lincoln National Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=LNC&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "LNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=LNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();