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LINCOLN NATIONAL CORP（LNC）与Primerica, Inc.（PRI）财务数据对比。点击上方公司名可切换其他公司
LINCOLN NATIONAL CORP的季度营收约是Primerica, Inc.的5.8倍（$4.9B vs $853.7M）。Primerica, Inc.净利率更高（23.1% vs 15.3%，领先7.7%）。Primerica, Inc.同比增速更快（11.0% vs -2.8%）。过去两年LINCOLN NATIONAL CORP的营收复合增速更高（9.4% vs 7.2%）
林肯国民公司是美国财富200强控股企业，通过旗下多家子公司开展保险、投资管理等多元金融业务，“林肯金融集团”是该公司及其所有子公司共同使用的市场推广品牌名称。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
LNC vs PRI — 直观对比
营收规模更大
LNC
是对方的5.8倍
$853.7M
营收增速更快
PRI
高出13.8%
-2.8%
净利率更高
PRI
高出7.7%
15.3%
两年增速更快
LNC
近两年复合增速
7.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $853.7M |
| 净利润 | $755.0M | $197.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.6% | 28.9% |
| 净利率 | 15.3% | 23.1% |
| 营收同比 | -2.8% | 11.0% |
| 净利润同比 | -55.2% | 17.9% |
| 每股收益（稀释后） | $4.32 | $6.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LNCPRI
| Q4 25 | $4.9B | $853.7M | ||
| Q3 25 | $4.6B | $839.9M | ||
| Q2 25 | $4.0B | $793.3M | ||
| Q1 25 | $4.7B | $804.8M | ||
| Q4 24 | $5.1B | $768.8M | ||
| Q3 24 | $4.1B | $774.1M | ||
| Q2 24 | $5.2B | $803.4M | ||
| Q1 24 | $4.1B | $742.8M |
净利润LNCPRI
| Q4 25 | $755.0M | $197.0M | ||
| Q3 25 | $445.0M | $206.8M | ||
| Q2 25 | $699.0M | $178.3M | ||
| Q1 25 | $-722.0M | $169.1M | ||
| Q4 24 | $1.7B | $167.1M | ||
| Q3 24 | $-528.0M | $164.4M | ||
| Q2 24 | $895.0M | $1.2M | ||
| Q1 24 | $1.2B | $137.9M |
毛利率LNCPRI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.0% | ||
| Q1 24 | — | 98.2% |
营业利润率LNCPRI
| Q4 25 | 18.6% | 28.9% | ||
| Q3 25 | 11.5% | 32.3% | ||
| Q2 25 | 21.0% | 29.6% | ||
| Q1 25 | -20.2% | 27.5% | ||
| Q4 24 | 41.5% | 64.7% | ||
| Q3 24 | -17.1% | 32.9% | ||
| Q2 24 | 21.3% | 1.0% | ||
| Q1 24 | 37.1% | 24.1% |
净利率LNCPRI
| Q4 25 | 15.3% | 23.1% | ||
| Q3 25 | 9.8% | 24.6% | ||
| Q2 25 | 17.3% | 22.5% | ||
| Q1 25 | -15.4% | 21.0% | ||
| Q4 24 | 33.3% | 21.7% | ||
| Q3 24 | -12.8% | 21.2% | ||
| Q2 24 | 17.4% | 0.1% | ||
| Q1 24 | 29.7% | 18.6% |
每股收益（稀释后）LNCPRI
| Q4 25 | $4.32 | $6.11 | ||
| Q3 25 | $2.12 | $6.35 | ||
| Q2 25 | $3.80 | $5.40 | ||
| Q1 25 | $-4.41 | $5.05 | ||
| Q4 24 | $9.66 | $4.92 | ||
| Q3 24 | $-3.29 | $4.83 | ||
| Q2 24 | $5.11 | $0.03 | ||
| Q1 24 | $6.93 | $3.93 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $756.2M |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $10.9B | $2.4B |
| 总资产 | $417.2B | $15.0B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资LNCPRI
| Q4 25 | — | $756.2M | ||
| Q3 25 | — | $644.9M | ||
| Q2 25 | — | $621.2M | ||
| Q1 25 | — | $625.1M | ||
| Q4 24 | — | $687.8M | ||
| Q3 24 | — | $550.1M | ||
| Q2 24 | — | $627.3M | ||
| Q1 24 | — | $593.4M |
总债务LNCPRI
| Q4 25 | $6.3B | — | ||
| Q3 25 | $5.8B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
股东权益LNCPRI
| Q4 25 | $10.9B | $2.4B | ||
| Q3 25 | $10.5B | $2.3B | ||
| Q2 25 | $9.5B | $2.3B | ||
| Q1 25 | $8.2B | $2.3B | ||
| Q4 24 | $8.3B | $2.3B | ||
| Q3 24 | $9.0B | $1.9B | ||
| Q2 24 | $7.9B | $2.1B | ||
| Q1 24 | $7.5B | $2.2B |
总资产LNCPRI
| Q4 25 | $417.2B | $15.0B | ||
| Q3 25 | $415.3B | $14.8B | ||
| Q2 25 | $399.1B | $14.8B | ||
| Q1 25 | $382.9B | $14.6B | ||
| Q4 24 | $390.8B | $14.6B | ||
| Q3 24 | $396.8B | $14.8B | ||
| Q2 24 | $384.5B | $14.6B | ||
| Q1 24 | $383.4B | $14.9B |
负债/权益比LNCPRI
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.72× | — | ||
| Q1 24 | 0.76× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $233.0M | $338.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.31× | 1.72× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LNCPRI
| Q4 25 | $233.0M | $338.2M | ||
| Q3 25 | $-1.1B | $202.9M | ||
| Q2 25 | $1.0B | $162.6M | ||
| Q1 25 | $-272.0M | $197.5M | ||
| Q4 24 | $222.0M | $270.6M | ||
| Q3 24 | $-27.0M | $207.3M | ||
| Q2 24 | $-859.0M | $173.3M | ||
| Q1 24 | $-1.3B | $210.9M |
现金转化率LNCPRI
| Q4 25 | 0.31× | 1.72× | ||
| Q3 25 | -2.56× | 0.98× | ||
| Q2 25 | 1.45× | 0.91× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | 0.13× | 1.62× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | -0.96× | 147.98× | ||
| Q1 24 | -1.10× | 1.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LNC
| Life Segment | $1.6B | 33% |
| Group Protection Segment | $1.5B | 31% |
| Annuities Segment | $1.3B | 27% |
| Other | $435.0M | 9% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
