LIND
Consumer CyclicalLindblad Expeditions Holdings, Inc. · Travel Services · $1B
What is Lindblad Expeditions Holdings, Inc.?
Lindblad Expeditions Holdings is a small-cap adventure travel company specializing in expedition cruising and nature-focused land journeys. Operating under several distinct brands, it serves travelers seeking immersive, off-the-beaten-path experiences worldwide.
The company generates revenue through expedition cruises aboard its owned and chartered fleet, as well as land-based adventure tours across multiple brands. Its flagship Lindblad brand operates small-ship voyages, often in partnership with the National Geographic Society. Additional brands — Natural Habitat, DuVine, Off the Beaten Path, and Classic Journeys — extend its reach into eco-travel, cycling tours, national park adventures, and guided walking journeys, giving the business a diversified portfolio within experiential travel.
Lindblad Expeditions Holdings, Inc. was incorporated in 2013 and is headquartered in New York City.
- Small-ship expedition cruises under the Lindblad brand
- Eco-conscious wildlife tours via Natural Habitat Adventures
- Luxury cycling and adventure tours through DuVine
- National park small-group journeys via Off the Beaten Path
- Cinematic guided walking tours under Classic Journeys
Is LIND a Good Stock to Buy?
UQS Score rates LIND as Below Average overall, reflecting a mixed picture across its five quality pillars.
The Growth pillar stands out as the clearest positive — Lindblad's multi-brand expansion and recovering demand for experiential travel support a constructive growth profile relative to its size. The Quality and Valuation pillars both land at Neutral, suggesting the business is neither deeply distressed nor particularly efficient by sector standards.
The Moat and Risk pillars are both rated Weak, pointing to limited competitive insulation and meaningful balance-sheet or operational vulnerabilities that investors should weigh carefully.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does LIND pay dividends?
No — Lindblad Expeditions Holdings, Inc. does not currently pay a dividend.
Lindblad Expeditions does not currently pay a dividend. For a capital-intensive travel operator still investing in fleet expansion and brand growth, retaining cash is a common strategic choice. Income-focused investors should look elsewhere, while growth-oriented investors may view reinvestment as consistent with the company's expansion priorities.
When does LIND report earnings?
Lindblad Expeditions reports earnings on a quarterly cadence, typical for US-listed equities.
Results have reflected the ongoing recovery in expedition travel demand, with multi-brand revenue contributing to the top line. Seasonal patterns and fleet utilization rates tend to drive meaningful quarter-to-quarter variation in reported figures.
For the most recent quarter's results and guidance, visit Lindblad Expeditions' investor relations page directly.
LIND Price History
+9.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Lindblad Expeditions Holdings, Inc.?
Based on Lindblad Expeditions Holdings, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
LIND Long-term Outlook
Lindblad's Growth pillar rating of Good suggests the fundamental trajectory remains constructive — experiential and adventure travel continues to attract demand from affluent travelers seeking alternatives to mass-market cruising. However, the Weak Risk pillar introduces meaningful uncertainty around execution, leverage, and external shocks such as fuel costs or geopolitical disruptions. The Neutral Valuation pillar implies the market has already priced in a degree of recovery, leaving limited margin of safety if growth disappoints.
Growth drivers
- Expanding multi-brand portfolio capturing diverse adventure travel segments
- Ongoing recovery and growth in premium expedition cruise demand
- National Geographic alliance providing brand differentiation and marketing reach
Key risks
- Elevated financial risk profile given capital-intensive fleet operations
- Weak competitive moat leaving pricing power vulnerable to rivals
- Macro sensitivity — discretionary travel spending contracts sharply in downturns
LIND vs Peers
Lindblad operates in a broad experiential and travel services landscape, where it competes indirectly with larger platforms for traveler attention and booking dollars.
Tripadvisor is a digital travel platform focused on reviews and booking aggregation, contrasting with Lindblad's asset-heavy, curated expedition model.
Sabre provides travel technology and distribution infrastructure to airlines and agencies, operating in a fundamentally different part of the travel value chain.
MakeMyTrip is an online travel agency primarily serving the Indian market, offering broad booking services rather than branded expedition experiences.
Frequently Asked Questions
What does Lindblad Expeditions do?
Lindblad Expeditions operates small-ship expedition cruises and land-based adventure tours under multiple brands, including Lindblad, Natural Habitat, DuVine, Off the Beaten Path, and Classic Journeys. The company focuses on immersive, nature-driven travel experiences and maintains a strategic alliance with the National Geographic Society.
Does LIND pay dividends?
No, Lindblad Expeditions does not currently pay a dividend. The company appears to prioritize reinvesting cash into fleet operations and brand expansion rather than returning capital to shareholders through distributions.
When does LIND report earnings?
Lindblad Expeditions follows a standard quarterly earnings cadence for US-listed companies. For exact dates and the most recent results, check the investor relations section of the company's official website.
Is LIND a good stock to buy?
UQS Score rates LIND as Below Average overall. While the Growth pillar is rated Good, the Moat and Risk pillars are both Weak, which introduces meaningful uncertainty. Investors should review the full pillar breakdown — available to Pro members — before drawing conclusions.
Is LIND overvalued?
The UQS Valuation pillar for LIND is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. A Neutral valuation alongside a Weak Risk profile means there may be limited margin of safety. The complete valuation metrics are available in the Pro view.
How does LIND compare to its competitors?
Lindblad's closest listed peers — Tripadvisor, Sabre, and MakeMyTrip — are primarily digital or technology-driven travel businesses, making direct comparisons imperfect. Lindblad is more asset-intensive and brand-driven, focused on curated expedition experiences rather than booking platforms or travel infrastructure.
What is LIND's market cap bracket?
Lindblad Expeditions is classified as a small-cap company. This means it carries higher volatility and liquidity risk than large- or mega-cap peers, but may also offer more growth optionality if its multi-brand strategy executes successfully.
Who founded Lindblad Expeditions?
The Lindblad expedition travel business traces its roots to Lars-Eric Lindblad, a pioneer of expedition tourism. The current publicly traded holding company, Lindblad Expeditions Holdings, Inc., was incorporated in 2013. Full founding history is widely available through the company's public disclosures.
Is LIND a long-term quality investment?
As a long-term quality indicator, LIND's Below Average UQS Score — driven by Weak Moat and Risk ratings — suggests the business has meaningful structural challenges to address. The Good Growth rating offers some optimism, but sustained quality improvement across all pillars would be needed to support a stronger long-term thesis.
What is the main competitive advantage of Lindblad Expeditions?
Lindblad's most distinctive asset is its long-standing alliance with the National Geographic Society, which lends credibility and brand recognition to its expedition cruises. Its multi-brand portfolio also allows it to serve different adventure travel niches. However, UQS rates the Moat pillar as Weak, indicating these advantages may not yet translate into durable pricing power.
What sector does LIND belong to?
Lindblad Expeditions is classified under the Consumer Cyclical sector. This means its business performance is closely tied to consumer discretionary spending, making it more sensitive to economic cycles, travel trends, and shifts in consumer confidence than defensive sectors.
Is LIND a growth stock or value stock?
Based on UQS pillar labels, LIND leans toward a growth profile — the Growth pillar is rated Good while Valuation is Neutral, suggesting the market is pricing in some expansion. It does not fit a classic value stock profile given the absence of a dividend and the capital-intensive nature of its operations.
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Pro Analysis
LIND — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 19, 2026 | 44.1 | 47.0 | 28.0 | 61.4 | 26.6 | 60.6 | +2.3 |
| May 7, 2026 | 41.8 | 44.2 | 28.0 | 60.9 | 26.4 | 50.7 | -0.4 |
| May 3, 2026 | 42.2 | 44.2 | 28.0 | 60.9 | 26.4 | 53.2 | 0.0 |
| Apr 26, 2026 | 42.2 | 44.2 | 28.0 | 60.9 | 26.4 | 53.4 | +0.3 |
| Apr 19, 2026 | 41.9 | 44.2 | 28.0 | 60.9 | 26.4 | 51.6 | -0.7 |
| Apr 18, 2026 | 42.6 | 45.5 | 28.0 | 60.9 | 26.4 | 53.9 | -1.2 |
| Apr 14, 2026 | 43.8 | 45.5 | 28.0 | 60.9 | 26.4 | 62.0 | 0.0 |
| Apr 12, 2026 | 43.8 | 45.5 | 28.0 | 60.9 | 26.4 | 62.1 | -0.4 |
| Apr 11, 2026 | 44.2 | 45.5 | 28.0 | 60.9 | 26.4 | 64.5 | 0.0 |
| Apr 10, 2026 | 44.2 | 45.6 | 28.0 | 60.9 | 26.4 | 64.5 | 0.0 |
LIND — Pillar Breakdown
Quality
— 45.7/100 (25%)Lindblad Expeditions Holdings, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 61.4/100 (20%)Lindblad Expeditions Holdings, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 26.6/100 (15%)Lindblad Expeditions Holdings, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 58.6/100 (15%)Lindblad Expeditions Holdings, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 28/100 (25%)Lindblad Expeditions Holdings, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for LIND.
Score Composition
Financial Data
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How is the LIND UQS Score Calculated?
The UQS (Unified Quality Score) for Lindblad Expeditions Holdings, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Lindblad Expeditions Holdings, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Lindblad Expeditions Holdings, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.