StockData
Lindblad Expeditions Holdings, Inc. logo

Lindblad Expeditions Holdings, Inc. (LIND) stock analysis

LINDNasdaqTransportation ServicesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 7/30
$34.92−0.45 (-1.27%)

Close on Nov 11, 2026Market cap $2.29BP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth4Performance2Health1Dividend0

Weak7 of 30 checks passed

Lindblad Expeditions passes 7 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
4/6
Past performance
2/6
Financial health
1/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 29.4%, above the 10% that usually covers the cost of capital.

  • Revenue growing 10%+ a year

    Revenue grew 22.3% a year over the last three fiscal years.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 21.5% of total debt.

  • Guidance raised

    Lindblad Expeditions raised its full year 2026 Tour revenues outlook on Aug 3, 2026.

What to watch

  • Elevated bankruptcy risk

    The Altman Z-score is 1.48; above 3 is the safe zone and below 1.8 the distress zone.

  • EV/EBITDA above its 5-year median

    Lindblad Expeditions's EV/EBITDA of 20.8 is above its 5-year median of 16.4.

  • P/S above the industry

    Lindblad Expeditions's price-to-sales of 2.76 is above the Transportation Services median of 2.48 (book value is negative, so we use sales).

  • Net margin below the industry

    Lindblad Expeditions's net margin of -2.1% is below the Transportation Services median of 1.0%.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA above its 5-year median

    Lindblad Expeditions's EV/EBITDA of 20.8 is above its 5-year median of 16.4.

  • P/S above the industry

    Lindblad Expeditions's price-to-sales of 2.76 is above the Transportation Services median of 2.48 (book value is negative, so we use sales).

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 22.3% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 18.3% over the last twelve months; the Transportation Services median is 9.5%.

  • Guidance raised

    Lindblad Expeditions raised its full year 2026 Tour revenues outlook on Aug 3, 2026.

  • Gross margin improving

    Gross margin was 46.6% over the last twelve months, against 46.0% a year earlier.

Past performance2/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 29.4%, above the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was -2.1% over the last twelve months, against a 5-year average of -24.8%.

  • Net margin below the industry

    Lindblad Expeditions's net margin of -2.1% is below the Transportation Services median of 1.0%.

Financial health1/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 21.5% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets don't cover short-term debts

    Current assets are 0.84 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is 1.48; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Lindblad Expeditions has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Lindblad Expeditions. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Transportation Services median 19.9

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$32.10M
Value traded per 1% price move
$10.88M

Downside

Medium risk

Typical loss in a bad month
23.2%
Volatility (annualized)
53%
Sharpe ratio, 1 year
3.43
Beta to the S&P 500 (5Y)
2.13

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

45.8%+34.3 pts over 5 years

Operating margin

5.9%+113.2 pts over 5 years

Net margin

-3.9%+116.0 pts over 5 years

See a number that looks wrong?