COMP <GO>
LINC vs APEI // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Lincoln Educational Services Corporation (NASDAQ) VS. American Public Education Inc. (NASDAQ) • 15-METRIC TALLY: LINC 4
— APEI 8
■ METRIC PARITY
LAST: $22.13 (+1.89%) • MKT CAP: $702.0M
options-implied-move
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LAST: $44.30 (+0.64%) • MKT CAP: $810.8M
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (LINC VS. APEI)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | LINC | APEI | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 60.40% | 54.20% | +6.20 | LINC | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 14.00% | 17.60% | -3.60 | APEI | /roic <GO> |
| EV/EBITDA & P/E Valuation | 6.5x | 11.9x | -5.40 | LINC | /valuation <GO> |
| Free Cash Flow Yield | -3.89% | 5.69% | -9.58 | APEI | /fcf-yield <GO> |
| Operating Margin | 5.80% | 7.40% | -1.60 | APEI | /operating-margins <GO> |
| Net Profit Margin | 3.90% | 4.90% | -1.00 | APEI | /net-margins <GO> |
| Revenue Growth (YoY) | 17.80% | 3.90% | +13.90 | LINC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.94 | 4.08 | -1.14 | APEI | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 8/9 | -1.00 | APEI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 33.6 | 28.8 | +4.88 | LINC | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 29.5x | 23.9x | +5.60 | APEI | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $702.0M | $810.8M | -$108.8M | APEI | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | LINC REV | APEI REV | LINC GROSS % | APEI GROSS % | LINC FCF | APEI FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $518.2M | $648.9M | 60.4% | 54.2% | -$27.3M | $46.1M |
| FY 2024 | $440.1M | $624.6M | 58.7% | 52.7% | -$27.6M | $27.8M |
| FY 2023 | $378.1M | $600.5M | — | — | $25.6M | $45.5M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
LINC // BETA —
APEI // BETA —