Lincoln National Corporation
LNCFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
17,989
Cost of Revenue
13,393
Gross Profit
4,596
Gross Margin
25.5%
Operating Income
4,022
Operating Margin
22.4%
Net Income
3,275
Net Margin
18.2%
EPS (Basic)
$18.66
EPS (Diluted)
$18.41
EBITDA
4,454
EBITDA Margin
24.8%
2023
12/31/2023
Revenue
11,711
Cost of Revenue
11,661
Gross Profit
50
Gross Margin
0.4%
Operating Income
-1,148
Operating Margin
-9.8%
Net Income
-752
Net Margin
-6.4%
EPS (Basic)
$-4.92
EPS (Diluted)
$-4.92
EBITDA
-773
EBITDA Margin
-6.6%
2022
12/31/2022
Revenue
18,929
Cost of Revenue
16,495
Gross Profit
2,434
Gross Margin
12.9%
Operating Income
1,725
Operating Margin
9.1%
Net Income
1,358
Net Margin
7.2%
EPS (Basic)
$7.94
EPS (Diluted)
$7.78
EBITDA
2,073
EBITDA Margin
11.0%
2021
12/31/2021
Revenue
17,605
Cost of Revenue
13,705
Gross Profit
3,900
Gross Margin
22.2%
Operating Income
4,643
Operating Margin
26.4%
Net Income
3,778
Net Margin
21.5%
EPS (Basic)
$20.16
EPS (Diluted)
$7.43
EBITDA
4,963
EBITDA Margin
28.2%
2020
12/31/2020
Revenue
17,579
Cost of Revenue
14,120
Gross Profit
3,459
Gross Margin
19.7%
Operating Income
423
Operating Margin
2.4%
Net Income
499
Net Margin
2.8%
EPS (Basic)
$2.58
EPS (Diluted)
$2.57
EBITDA
744
EBITDA Margin
4.2%