Lincoln Educational Services vs Perdoceo Education
Perdoceo Education is the larger business, with $846m of revenue in fiscal 2025 against $518m for Lincoln Educational Services (1.6 times as much). Perdoceo Education grew faster (24.2% against 17.8%). Perdoceo Education kept more of each dollar of sales as profit: a net margin of 18.9% against 3.9%. Lincoln Educational Services carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Lincoln Educational ServicesLINC, 2025 | Perdoceo EducationPRDO, 2025 |
|---|---|---|
| Revenue | $518m | $846m |
| Revenue growth | 17.8% | 24.2% |
| Net income | $20.0m | $160m |
| Operating margin | 5.8% | 23.2% |
| Net margin | 3.9% | 18.9% |
| Return on equity | 10.6% | 16.6% |
| Free cash flow | −$27.3m | $217m |
| Cash | $28.5m | $111m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $121m |
| Employees | 2,590 | 6,000 |
| Market value | $649m | $1.86bn |
| Price vs our value range | — | Below our value range |
| Moat score | 30 (Weak) | 76 (Strong) |
| Insider trades, 12 months | 0 buys, 23 sales | 0 buys, 21 sales |