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Side-by-side financial comparison of LINCOLN EDUCATIONAL SERVICES CORP (LINC) and UNITIL CORP (UTL). Click either name above to swap in a different company.

UNITIL CORP is the larger business by last-quarter revenue ($161.5M vs $142.9M, roughly 1.1× LINCOLN EDUCATIONAL SERVICES CORP). UNITIL CORP runs the higher net margin — 11.8% vs 8.9%, a 2.9% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 19.7%). LINCOLN EDUCATIONAL SERVICES CORP produced more free cash flow last quarter ($25.0M vs $-36.3M). Over the past eight quarters, LINCOLN EDUCATIONAL SERVICES CORP's revenue compounded faster (17.6% CAGR vs -4.9%).

Lincoln Tech is an American group of for-profit postsecondary vocational institutions headquartered in Parsippany, New Jersey with campuses in Colorado, Connecticut, Georgia, Illinois, Indiana, Maryland, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, and Texas. Each campus is owned and operated by Lincoln Educational Services Corporation, a provider of career-oriented post-secondary education.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

LINC vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.1× larger
UTL
$161.5M
$142.9M
LINC
Growing faster (revenue YoY)
UTL
UTL
+7.0% gap
UTL
26.7%
19.7%
LINC
Higher net margin
UTL
UTL
2.9% more per $
UTL
11.8%
8.9%
LINC
More free cash flow
LINC
LINC
$61.3M more FCF
LINC
$25.0M
$-36.3M
UTL
Faster 2-yr revenue CAGR
LINC
LINC
Annualised
LINC
17.6%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LINC
LINC
UTL
UTL
Revenue
$142.9M
$161.5M
Net Profit
$12.7M
$19.0M
Gross Margin
62.3%
Operating Margin
12.4%
21.5%
Net Margin
8.9%
11.8%
Revenue YoY
19.7%
26.7%
Net Profit YoY
85.9%
21.8%
EPS (diluted)
$0.41
$1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LINC
LINC
UTL
UTL
Q4 25
$142.9M
$161.5M
Q3 25
$141.4M
$101.1M
Q2 25
$116.5M
$102.6M
Q1 25
$117.5M
$170.8M
Q4 24
$119.4M
$127.5M
Q3 24
$114.4M
$92.9M
Q2 24
$102.9M
$95.7M
Q1 24
$103.4M
$178.7M
Net Profit
LINC
LINC
UTL
UTL
Q4 25
$12.7M
$19.0M
Q3 25
$3.8M
$-300.0K
Q2 25
$1.6M
$4.0M
Q1 25
$1.9M
$27.5M
Q4 24
$6.8M
$15.6M
Q3 24
$4.0M
$0
Q2 24
$-682.0K
$4.3M
Q1 24
$-214.0K
$27.2M
Gross Margin
LINC
LINC
UTL
UTL
Q4 25
62.3%
Q3 25
59.5%
Q2 25
59.8%
Q1 25
59.7%
Q4 24
62.2%
Q3 24
58.0%
Q2 24
55.7%
Q1 24
58.4%
Operating Margin
LINC
LINC
UTL
UTL
Q4 25
12.4%
21.5%
Q3 25
4.4%
6.9%
Q2 25
2.5%
13.0%
Q1 25
2.9%
27.0%
Q4 24
9.2%
22.1%
Q3 24
5.1%
6.2%
Q2 24
-1.1%
13.0%
Q1 24
-0.4%
24.7%
Net Margin
LINC
LINC
UTL
UTL
Q4 25
8.9%
11.8%
Q3 25
2.7%
-0.3%
Q2 25
1.3%
3.9%
Q1 25
1.7%
16.1%
Q4 24
5.7%
12.2%
Q3 24
3.5%
Q2 24
-0.7%
4.5%
Q1 24
-0.2%
15.2%
EPS (diluted)
LINC
LINC
UTL
UTL
Q4 25
$0.41
$1.05
Q3 25
$0.12
$-0.02
Q2 25
$0.05
$0.25
Q1 25
$0.06
$1.69
Q4 24
$0.22
$0.97
Q3 24
$0.13
$0.00
Q2 24
$-0.02
$0.27
Q1 24
$-0.01
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LINC
LINC
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$28.5M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$199.7M
$609.6M
Total Assets
$493.2M
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LINC
LINC
UTL
UTL
Q4 25
$28.5M
$15.6M
Q3 25
$13.5M
$14.6M
Q2 25
$16.7M
$8.5M
Q1 25
$28.7M
$10.2M
Q4 24
$59.3M
$6.3M
Q3 24
$54.0M
$6.3M
Q2 24
$67.0M
$2.8M
Q1 24
$68.6M
$6.3M
Total Debt
LINC
LINC
UTL
UTL
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$512.8M
Stockholders' Equity
LINC
LINC
UTL
UTL
Q4 25
$199.7M
$609.6M
Q3 25
$185.9M
$597.2M
Q2 25
$180.7M
$532.8M
Q1 25
$177.8M
$534.1M
Q4 24
$178.3M
$512.5M
Q3 24
$170.0M
$502.4M
Q2 24
$164.9M
$508.8M
Q1 24
$164.5M
$510.8M
Total Assets
LINC
LINC
UTL
UTL
Q4 25
$493.2M
$2.1B
Q3 25
$466.9M
$1.9B
Q2 25
$447.3M
$1.9B
Q1 25
$427.4M
$1.9B
Q4 24
$436.6M
$1.8B
Q3 24
$404.0M
$1.7B
Q2 24
$366.4M
$1.7B
Q1 24
$355.2M
$1.7B
Debt / Equity
LINC
LINC
UTL
UTL
Q4 25
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
1.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LINC
LINC
UTL
UTL
Operating Cash FlowLast quarter
$43.5M
$21.4M
Free Cash FlowOCF − Capex
$25.0M
$-36.3M
FCF MarginFCF / Revenue
17.5%
-22.5%
Capex IntensityCapex / Revenue
13.0%
35.7%
Cash ConversionOCF / Net Profit
3.43×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-27.3M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LINC
LINC
UTL
UTL
Q4 25
$43.5M
$21.4M
Q3 25
$23.9M
$15.6M
Q2 25
$299.0K
$42.2M
Q1 25
$-8.4M
$52.1M
Q4 24
$30.3M
$23.3M
Q3 24
$5.6M
$26.1M
Q2 24
$8.3M
$49.9M
Q1 24
$-14.9M
$26.6M
Free Cash Flow
LINC
LINC
UTL
UTL
Q4 25
$25.0M
$-36.3M
Q3 25
$2.0M
$-39.0M
Q2 25
$-26.1M
$2.0M
Q1 25
$-28.3M
$19.5M
Q4 24
$5.5M
$-32.3M
Q3 24
$-13.8M
$-31.3M
Q2 24
$-2.7M
$13.2M
Q1 24
$-16.6M
$6.4M
FCF Margin
LINC
LINC
UTL
UTL
Q4 25
17.5%
-22.5%
Q3 25
1.4%
-38.6%
Q2 25
-22.4%
1.9%
Q1 25
-24.1%
11.4%
Q4 24
4.6%
-25.3%
Q3 24
-12.0%
-33.7%
Q2 24
-2.6%
13.8%
Q1 24
-16.1%
3.6%
Capex Intensity
LINC
LINC
UTL
UTL
Q4 25
13.0%
35.7%
Q3 25
15.5%
54.0%
Q2 25
22.7%
39.2%
Q1 25
16.9%
19.1%
Q4 24
20.8%
43.6%
Q3 24
16.9%
61.8%
Q2 24
10.7%
38.3%
Q1 24
1.6%
11.3%
Cash Conversion
LINC
LINC
UTL
UTL
Q4 25
3.43×
1.13×
Q3 25
6.29×
Q2 25
0.19×
10.55×
Q1 25
-4.31×
1.89×
Q4 24
4.43×
1.49×
Q3 24
1.42×
Q2 24
11.60×
Q1 24
0.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LINC
LINC

Transferred Over Time$136.0M95%
Transferred At Point In Time$6.9M5%

UTL
UTL

Segment breakdown not available.

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