Navient Corporation (NAVI) 10-Year Financial Performance & Capital Metrics

NAVI • • Banking & Credit

Financial ServicesCredit ServicesStudent & Education FinanceStudent Loan Servicers

AboutNavient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, as well as asset recovery services on FFELP loans owned by other institutions. It also owns, originates, acquires, and services refinance and in-school private education loans; and offers healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, consulting engagement, and public health programs, as well as business processing services to state governments, agencies, court systems, municipalities, and parking and tolling authorities. In addition, the company provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers, and public health departments; and corporate liquidity portfolio services. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.Show more

Net Interest Income $536M -37.8%
Total Revenue $4.23B -12.4%
Net Income $131M -42.5%
Return on Equity 4.85% -39.0%
Net Interest Margin 1.03% -26.3%
Efficiency Ratio 15.92% -8.7%
ROA 0.23% -32.9%
Equity / Assets 5.1% +13.4%
Book Value per Share 23.79 +6.0%
Tangible BV/Share 19.86 +18.3%
Debt/Equity 18.43 -12.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 15.9% efficiency ratio
✓Healthy dividend yield of 5.0%
✓Share count reduced 9.8% through buybacks
✓Trading at only 0.5x book value

✗Weaknesses

✗High debt to equity ratio of 18.4x
✗Profits declining 26.2% over 5 years
✗Weak NIM of 1.0%
✗Thin capital base

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.82%

5Y-5.04%

3Y6.28%

TTM-

Profit (Net Income) CAGR

10Y-19.43%

5Y-26.17%

3Y-43.26%

TTM-163.29%

EPS CAGR

10Y-7.91%

5Y-14.35%

3Y-34.35%

TTM-176.59%

ROCE

10Y Avg0.82%

5Y Avg0.77%

3Y Avg0.67%

Latest0.34%

Peer Comparison

Student Loan Servicers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NNINelnet, Inc.	3.44B	135.93	27.08	1.78%	9.97%	12.1%	18.66%	2.52
JSMNavient Corporation SR NT 6% 121543	5.4B	19.71	16.43	229.5%	3.44%	-2.05%	8.5%	16.35
NAVINavient Corporation	1.22B	12.51	10.60	-12.45%	3.09%	-2.05%	37.63%	18.43

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	2.22B	1.71B	1.41B	1.24B	1.19B	1.25B	1.33B	1.12B	862M	536M
NII Growth %	-0.17%	-0.23%	-0.17%	-0.12%	-0.04%	0.06%	0.06%	-0.16%	-0.23%	-0.38%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	4.29B	4.15B	4.38B	4.91B	4.67B	3.3B	2.65B	3.22B	4.42B	3.81B
Interest Expense	2.07B	2.44B	2.97B	3.67B	3.49B	2.05B	1.32B	2.1B	3.56B	3.27B
Loan Loss Provision	581M	429M	426M	370M	258M	155M	-61M	79M	123M	113M
Non-Interest Income+	881M	818M	799M	683M	811M	436M	879M	616M	417M	425M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	5.18B	4.96B	5.18B	5.59B	5.48B	3.73B	3.53B	3.84B	4.84B	4.23B
Revenue Growth %	-0.08%	-0.04%	0.04%	0.08%	-0.02%	-0.32%	-0.06%	0.09%	0.26%	-0.12%
Non-Interest Expense	941M	986M	1.02B	1.02B	975M	1B	1.34B	831M	843M	674M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.58B	1.11B	764M	528M	763M	532M	936M	827M	313M	174M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.13%	-0.3%	-0.31%	-0.31%	0.45%	-0.3%	0.76%	-0.12%	-0.62%	-0.44%
Pretax Income+	1.58B	1.11B	764M	528M	763M	532M	936M	827M	313M	174M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	597M	427M	472M	133M	166M	120M	219M	182M	85M	43M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	984M	681M	292M	395M	597M	412M	717M	645M	228M	131M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.13%	-0.31%	-0.57%	0.35%	0.51%	-0.31%	0.74%	-0.1%	-0.65%	-0.43%
Net Income (Continuing)	983M	681M	292M	395M	597M	412M	717M	645M	228M	131M
EPS (Diluted)+	2.61	2.12	1.04	1.50	2.56	2.11	4.17	4.48	1.85	1.18
EPS Growth %	-0.03%	-0.19%	-0.51%	0.44%	0.71%	-0.18%	0.98%	0.07%	-0.59%	-0.36%
EPS (Basic)	2.66	2.15	1.06	1.52	2.60	2.13	4.22	4.54	1.87	1.20
Diluted Shares Outstanding	382M	322M	281M	264M	233M	195M	172M	144M	123M	111M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.59B	1.25B	1.52B	1.29B	1.23B	1.18B	905M	1.53B	839M	722M
Short Term Investments	1000K	1000K	1000K	0	0	0	0	0	0	0
Total Investments+	124.05B	112.1B	106.01B	94.88B	87.24B	79.95B	73.3B	62.47B	55.03B	46.74B
Investments Growth %	-0.09%	-0.1%	-0.05%	-0.1%	-0.08%	-0.08%	-0.08%	-0.15%	-0.12%	-0.15%
Long-Term Investments	124.04B	112.1B	106B	94.88B	87.24B	79.95B	73.3B	62.47B	55.03B	46.74B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	551M	545M	701M	665M	665M	665M	671M	670M	670M	428M
Intangible Assets	154M	125M	109M	121M	92M	70M	54M	35M	25M	9M
PP&E (Net)	162M	160M	156M	136M	135M	116M	95M	74M	62M	52M
Other Assets	4.63B	4.47B	4.05B	4.72B	3.21B	2.92B	3.17B	3.76B	2.45B	1.94B
Total Current Assets	4.51B	3.74B	3.97B	3.65B	3.56B	3.69B	3.31B	3.78B	3.14B	2.62B
Total Non-Current Assets	129.54B	117.4B	111.02B	100.53B	91.34B	83.72B	77.29B	67.01B	58.23B	49.16B
Total Assets+	134.05B	121.14B	114.99B	104.18B	94.9B	87.41B	80.61B	70.8B	61.38B	51.79B
Asset Growth %	-0.08%	-0.1%	-0.05%	-0.09%	-0.09%	-0.08%	-0.08%	-0.12%	-0.13%	-0.16%
Return on Assets (ROA)	0.01%	0.01%	0%	0%	0.01%	0%	0.01%	0.01%	0%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	127.51B	115.45B	109.77B	99.29B	90.23B	83.39B	76.72B	67.4B	57.91B	48.66B
Net Debt	125.91B	114.2B	108.25B	98.01B	89B	82.21B	75.82B	65.86B	57.08B	47.94B
Long-Term Debt	109.76B	101.39B	97.78B	90.79B	80.68B	76.98B	72.93B	62.43B	53.15B	43.92B
Short-Term Debt	17.75B	14.06B	11.98B	8.5B	9.56B	6.41B	3.79B	4.96B	4.76B	4.75B
Other Liabilities	2.61B	1.96B	1.74B	1.34B	1.32B	1.57B	1.28B	422M	700M	483M
Total Current Liabilities	17.75B	14.06B	11.98B	8.5B	9.56B	6.41B	3.79B	4.96B	4.76B	4.75B
Total Non-Current Liabilities	112.37B	103.35B	99.52B	92.13B	82B	78.55B	74.2B	62.85B	53.85B	44.4B
Total Liabilities	130.11B	117.41B	111.51B	100.63B	91.55B	84.97B	78B	67.82B	58.62B	49.15B
Total Equity+	3.93B	3.72B	3.48B	3.55B	3.35B	2.45B	2.61B	2.98B	2.76B	2.64B
Equity Growth %	-0.06%	-0.05%	-0.06%	0.02%	-0.06%	-0.27%	0.07%	0.14%	-0.07%	-0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.24%	0.18%	0.08%	0.11%	0.17%	0.14%	0.28%	0.23%	0.08%	0.05%
Book Value per Share	10.30	11.56	12.40	13.44	14.37	12.55	15.16	20.67	22.44	23.79
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	4M	4M	4M	4M	4M	4M	4M	4M	4M	4M
Additional Paid-in Capital	2.97B	3.02B	3.08B	3.15B	3.2B	3.23B	3.28B	3.31B	3.35B	3.38B
Retained Earnings	2.41B	2.89B	3B	3.22B	3.66B	3.33B	3.94B	4.49B	4.64B	4.7B
Accumulated OCI	-51M	6M	61M	113M	-91M	-274M	-133M	87M	19M	3M
Treasury Stock	-1.43B	-2.22B	-2.69B	-2.96B	-3.44B	-3.85B	-4.5B	-4.92B	-5.25B	-5.44B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.91B	1.36B	1.16B	1.14B	1.02B	987M	702M	305M	676M	459M
Operating CF Growth %	0.15%	-0.29%	-0.15%	-0.01%	-0.11%	-0.03%	-0.29%	-0.57%	1.22%	-0.32%
Net Income	996M	681M	292M	395M	597M	412M	717M	645M	228M	131M
Depreciation & Amortization	12M	36M	23M	47M	30M	0	0	19M	10M	146M
Deferred Taxes	-12M	-36M	-23M	-47M	-30M	0	0	-19M	0	0
Other Non-Cash Items	-220M	136M	369M	435M	357M	523M	-469M	-492M	278M	-53M
Working Capital Changes	1.1B	514M	461M	285M	40M	34M	432M	133M	136M	212M
Cash from Investing+	10.69B	11.41B	7.5B	10.36B	7.49B	6.45B	6.67B	10.59B	7.36B	8.47B
Purchase of Investments	-187M	-44M	-1M	0	0	0	0	0	0	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-342M	0	-216M	0	0	0	-16M	0	0	0
Other Investing	351M	11.4B	408M	10.24B	7.48B	6.45B	6.69B	10.59B	7.36B	8.47B
Cash from Financing+	-12.45B	-13.11B	-8.39B	-10.88B	-9.98B	-7.68B	-7.33B	-9.66B	-10.05B	-9.62B
Dividends Paid	-240M	-201M	-176M	-166M	-147M	-123M	-107M	-91M	-78M	-70M
Share Repurchases	-945M	-755M	-440M	-220M	-440M	-400M	-600M	-400M	-310M	-179M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Other Financing	-245M	-244M	-79M	-162M	-189M	-192M	197M	1.18B	-101M	-79M
Net Change in Cash+	151M	-341M	265M	616M	-1.48B	-244M	41M	1.23B	-2.01B	-690M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.44B	1.59B	1.25B	4.65B	5.26B	3.78B	3.54B	3.58B	4.81B	2.79B
Cash at End	1.59B	1.25B	1.52B	5.26B	3.78B	3.54B	3.58B	4.81B	2.79B	2.1B
Interest Paid	1.98B	2.3B	2.87B	3.46B	3.48B	2.06B	1.38B	1.9B	3.43B	3.24B
Income Taxes Paid	88M	249M	157M	57M	93M	74M	190M	30M	57M	38M
Free Cash Flow+	12.68B	1.36B	8.44B	1.14B	1.02B	987M	702M	305M	676M	459M
FCF Growth %	6.62%	-0.89%	5.22%	-0.86%	-0.11%	-0.03%	-0.29%	-0.57%	1.22%	-0.32%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	24.2%	17.79%	8.1%	11.23%	17.31%	14.22%	28.37%	23.1%	7.95%	4.85%
Return on Assets (ROA)	0.7%	0.53%	0.25%	0.36%	0.6%	0.45%	0.85%	0.85%	0.34%	0.23%
Net Interest Margin	1.66%	1.41%	1.23%	1.19%	1.25%	1.43%	1.65%	1.58%	1.4%	1.03%
Efficiency Ratio	18.18%	19.86%	19.7%	18.33%	17.78%	26.81%	37.88%	21.65%	17.43%	15.92%
Equity / Assets	2.93%	3.07%	3.03%	3.4%	3.53%	2.8%	3.24%	4.21%	4.5%	5.1%
Book Value / Share	10.3	11.56	12.4	13.44	14.37	12.55	15.16	20.67	22.44	23.79
NII Growth	-16.72%	-23.23%	-17.18%	-12.18%	-4.44%	5.65%	6.39%	-15.84%	-23.1%	-37.82%
Dividend Payout	24.39%	29.52%	60.27%	42.03%	24.62%	29.85%	14.92%	14.11%	34.21%	53.44%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Government Services	-	-	-	-	-	-	-	-	200M	183M
Government Services Growth	-	-	-	-	-	-	-	-	-	-8.50%
Healthcare Services	-	-	-	-	-	-	-	-	121M	88M
Healthcare Services Growth	-	-	-	-	-	-	-	-	-	-27.27%
Business Processing	-	-	-	-	258M	304M	488M	330M	-	-
Business Processing Growth	-	-	-	-	-	17.83%	60.53%	-32.38%	-	-
Federal Education Loans	-	-	-	262M	229M	208M	162M	65M	-	-
Federal Education Loans Growth	-	-	-	-	-12.60%	-9.17%	-22.12%	-59.88%	-	-
Consumer Lending	-	-	-	12M	11M	6M	6M	12M	-	-
Consumer Lending Growth	-	-	-	-	-8.33%	-45.45%	0.00%	100.00%	-	-
Business Services	139M	151M	150M	-	-	-	-	-	-	-
Business Services Growth	-	8.63%	-0.66%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Navient Corporation (NAVI) has a price-to-earnings (P/E) ratio of 10.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Navient Corporation (NAVI) saw revenue decline by 12.4% over the past year.

Navient Corporation (NAVI) reported a net loss of $50.0M for fiscal year 2024.

Dividend & Returns

Yes, Navient Corporation (NAVI) pays a dividend with a yield of 5.04%. This makes it attractive for income-focused investors.

Navient Corporation (NAVI) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Industry Metrics

Navient Corporation (NAVI) has a net interest margin (NIM) of 1.0%. NIM has been under pressure due to interest rate environment.

Navient Corporation (NAVI) has an efficiency ratio of 15.9%. This is excellent, indicating strong cost control.

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