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LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND

Nasdaq · stock · Transportation Services · website · IPO 2013-05-10 · LEI

LINDBLAD EXPEDITIONS HOLDINGS, INC. statistics & valuation

Market cap$1.9B
P / S2.5×
P / FCF30.4×
Net margin-3.9%
FCF margin8.3%
Net debt$406.0M
Net debt / EBITDA3.7×
Enterprise value USD$2.3B
EV / EBITDA21.7×
Earnings yield EBIT/EV1.9%
Return on capital8.8%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
2.00% -3.20% 3.70% 4.80% -119.90% -81.00% -26.40% -8.00% -4.80% -3.90% 2016201720182019202020212022202320242025
Gross margin (%)
50.90% 49.10% 50.40% 2016201720182019202020212022202320242025
Operating margin (%)
5.80% 4.00% 8.20% 9.70% -107.30% -75.30% -15.00% 1.90% 3.30% 5.90% 2016201720182019202020212022202320242025
Return on equity (%)
4.30% -8.10% 9.80% 13.30% -282.40% 2016201720182019202020212022202320242025
Shares outstanding
46.5M 44.8M 46.3M 49.6M 49.8M 50.8M 53.1M 53.3M 54.4M 55.3M 2016201720182019202020212022202320242025
Net debt ($)
$39.5M $69.5M $76.7M $116.5M $295.1M $394.0M $465.6M $465.0M $441.5M $406.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.20% -2.00% 2.40% 3.00% -13.00% -14.40% -14.10% -5.50% -3.60% -3.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-18.40% -10.30% 0.60% -9.70% -300.80% -43.60% -9.60% -0.80% 9.10% 8.30% 2016201720182019202020212022202320242025
Debt / equity (×)
1.54× 1.56× 1.64× 1.77× 13.81× 2016201720182019202020212022202320242025
EPS ($)
$0.10 -$0.19 $0.24 $0.28 -$2.01 -$2.41 -$2.23 -$0.94 -$0.67 -$0.63 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

LINDBLAD EXPEDITIONS HOLDINGS, INC. trades at about 122.2× earnings — above its 10-year norm (10-year range 22.6×–89.9×, median 51.2×).

22.6× 122.2×

Shaded band = 10-year range (22.6×–89.9×); dot = today's 122.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin———————50.4%49.1%50.9%
Operating margin5.9%3.3%1.9%-15.0%-75.3%-107.3%9.7%8.2%4.0%5.8%
Net margin-3.9%-4.8%-8.0%-26.4%-81.0%-119.9%4.8%3.7%-3.2%2.0%
FCF margin8.3%9.1%-0.8%-9.6%-43.6%-300.8%-9.7%0.6%-10.3%-18.4%
Return on assets-3.0%-3.6%-5.5%-14.1%-14.4%-13.0%3.0%2.4%-2.0%1.2%
Return on equity10.4%12.3%20.3%61.0%151.7%-282.4%13.3%9.8%-8.1%4.3%
Debt / equity-2.33×-2.47×-2.76×-3.03×-6.93×13.81×1.77×1.64×1.56×1.54×
Current ratio0.800.710.770.540.731.470.800.940.911.38

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.