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Lincoln InternationalLCLN +2.10%21 Debt-to-Equity is 0.97 as of Dec. 2025, which is 102% above its 10-year median of 0.48. GuruFocus rates LCLN with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 611 Capital Markets companies, Lincoln International ranks worse than 70.05% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Lincoln International's Debt-to-Equity or its related term are showing as below:
LCLN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.48 Max: 0.97
Current: 0.97
During the past 5 years, the highest Debt-to-Equity Ratio of Lincoln International was 0.97. The lowest was 0.35. And the median was 0.48.
LCLN's Debt-to-Equity is ranked worse than 70.05% of 611
companies
in the Capital Markets industry
Industry Median: 0.32
vs LCLN: 0.97
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Lincoln International Debt-to-Equity Related Terms
Lincoln International Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Lincoln International's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lincoln International Debt-to-Equity Chart
Lincoln International Annual Data
Trend
Dec20
Dec21
Dec23
Dec24
Dec25
Debt-to-Equity
0.48
0.35
0.54
0.43
0.97
Lincoln International Semi-Annual Data
Dec20
Dec21
Dec23
Dec24
Dec25
Debt-to-Equity
0.48
0.35
0.54
0.43
0.97
LCLN vs TIGR, AXG, BTGO: Debt-to-Equity Comparison
For the Capital Markets subindustry, Lincoln International's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lincoln International Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Lincoln International's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lincoln International's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lincoln International (LCLN) has a Debt-to-Equity of 0.97 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lincoln International and its competitors. This is 102% above median its historical median of 0.48. Over the past decade, Lincoln International's Debt-to-Equity has ranged from 0.35 to 0.97. According to the industry distribution chart, Lincoln International ranks #428 out of 611 companies in the Capital Markets industry, placing it in the top 70%.
Is Lincoln International's Debt-to-Equity too high?
Lincoln International's current Debt-to-Equity of 0.97 is 102% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.97. The Capital Markets industry median Debt-to-Equity is 0.32. Lincoln International's value of 0.97 is 203.1% above this industry median. Based on the distribution chart, Lincoln International ranks #428 out of 611 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Lincoln International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Lincoln International's Debt-to-Equity compare to TIGR and AXG?
According to the Capital Markets industry distribution chart, Lincoln International ranks #428 out of 611 companies for Debt-to-Equity. This places Lincoln International in the lower half of its industry. The industry median Debt-to-Equity is 0.32. Lincoln International's value of 0.97 is 203.1% above this benchmark. Historically, Lincoln International's own Debt-to-Equity has ranged from 0.35 to 0.97 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.32, Lincoln International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.32, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln International's current Debt-to-Equity of 0.97 is 203.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lincoln International and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln International's current Debt-to-Equity is 0.97, which is 102% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln International stock overvalued right now?
Lincoln International (LCLN) has a current Debt-to-Equity of 0.97. The current Debt-to-Equity is 0.97, which is 102% above median its 10-year median of 0.48 and 203.1% above the Capital Markets industry median of 0.32. Lincoln International's overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Lincoln International (LCLN), the current Debt-to-Equity is 0.97 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Lincoln International Inc is an independent investment banking advisory company focused on private capital markets. The company operates its business through its two operating segments: Investment Banking Advisory and Valuations and Opinions. The Investment Banking Advisory segment offers a range of services related to mergers and acquisitions, with key areas of focus including sell-side advisory, buy-side advisory, asset sales and divestitures, restructuring, primary and secondary capital raising, and merger-related engagements. The Valuations and Opinions segment provides valuation services to investment funds and financial institutions. The majority of revenue is derived from the Investment Banking Advisory segment. Geographically, the maximum revenue is derived from the Americas.
21GF Score
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