WallStSmart

Aflac Incorporated (AFL)vsLincoln National Corporation (LNC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Lincoln National Corporation generates 7% more annual revenue ($19.39B vs $18.07B). AFL leads profitability with a 26.9% profit margin vs 12.2%. LNC appears more attractively valued with a PEG of 1.01. LNC earns a higher WallStSmart Score of 78/100 (B+).

AFL

Strong Buy

73

out of 100

Grade: B

Growth: 4.7Profit: 8.5Value: 6.3Quality: 8.0
Piotroski: 4/9Altman Z: 1.82

LNC

Strong Buy

78

out of 100

Grade: B+

Growth: 6.0Profit: 5.5Value: 7.0Quality: 6.3
Piotroski: 3/9

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AFL6 strengths · Avg: 8.5/10
Market CapQuality
$57.79B9/10

Large-cap with strong market position

Profit MarginProfitability
26.9%9/10

Keeps 27 of every $100 in revenue as profit

Debt/EquityHealth
0.299/10

Conservative balance sheet, low leverage

P/E RatioValuation
12.4x8/10

Attractively priced relative to earnings

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

Operating MarginProfitability
25.7%8/10

Strong operational efficiency at 25.7%

LNC3 strengths · Avg: 10.0/10
P/E RatioValuation
3.6x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
76.8%10/10

Earnings expanding 76.8% YoY

Areas to Watch

AFL2 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.824/10

Grey zone — moderate risk

Revenue GrowthGrowth
-1.0%2/10

Revenue declined 1.0%

LNC3 concerns · Avg: 2.7/10
Operating MarginProfitability
4.6%3/10

Operating margin of 4.6%

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-558.00M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : AFL

The strongest argument for AFL centers on Market Cap, Profit Margin, Debt/Equity. Profitability is solid with margins at 26.9% and operating margin at 25.7%. PEG of 1.18 suggests the stock is reasonably priced for its growth.

Bull Case : LNC

The strongest argument for LNC centers on P/E Ratio, Price/Book, EPS Growth. Revenue growth of 12.6% demonstrates continued momentum. PEG of 1.01 suggests the stock is reasonably priced for its growth.

Bear Case : AFL

The primary concerns for AFL are Altman Z-Score, Revenue Growth.

Bear Case : LNC

The primary concerns for LNC are Operating Margin, Piotroski F-Score, Free Cash Flow.

Key Dynamics to Monitor

AFL profiles as a declining stock while LNC is a value play — different risk/reward profiles.

LNC carries more volatility with a beta of 1.11 — expect wider price swings.

LNC is growing revenue faster at 12.6% — sustainability is the question.

AFL generates stronger free cash flow (112M), providing more financial flexibility.

Bottom Line

LNC scores higher overall (78/100 vs 73/100) and 12.6% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Aflac Incorporated

FINANCIAL SERVICES · INSURANCE - LIFE · USA

Aflac Inc. (American Family Life Assurance Company) is an American insurance company and is the largest provider of supplemental insurance in the United States.

Lincoln National Corporation

FINANCIAL SERVICES · INSURANCE - LIFE · USA

Lincoln National Corporation is an American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies.

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