Lincoln National Corp
—- Market cap
- $8.71B
- Debt
- +$6.66B
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 57% equity / 43% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: LNC stock price at discount vs RRR $45.47 current versus $106.79 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at RRR's multiple
Implied fair value · at LNC's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: LNC FY 2025 (ended Dec 31, 2025) · RRR FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 57% equity / 43% debt
Capital structure 49% equity / 51% debt · EV / Revenue 3.28x · EV / EBITDA 7.95x
LNC carries the larger enterprise value at $15.37B against $6.59B; LNC trades on the lower EV / Revenue multiple (0.84x vs 3.28x); RRR on the lower EV / EBITDA (7.95x vs 9.18x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
LINCOLN NATIONAL CORP · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
RED ROCK RESORTS, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.61x
16.38x
Net debt / EBITDA
Leverage against operating earnings
—
3.95x
Cash and equivalents
Liquid reserves on the balance sheet
—
$142.47M
Total debt
Interest-bearing obligations outstanding
$6.66B
$3.41B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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