24 years of historical data (2002–2025) · Financial Services · Financial - Credit Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | — | $3.9B | $3.3B | $3.4B | $3.7B | $2.7B | $2.3B | $2.1B | $2.3B | $2.2B |
| Enterprise Value | $-1269519255 | — | $12.0B | $15.0B | $17.9B | $21.2B | $22.0B | $22.7B | $24.0B | $23.3B | $26.5B |
| P/E Ratio → | — | — | 21.28 | 36.91 | 8.54 | 9.58 | 7.90 | 16.45 | 9.40 | 13.23 | 8.43 |
| P/S Ratio | 1.67 | — | 2.12 | 1.82 | 1.88 | 2.61 | 2.00 | 1.37 | 1.27 | 1.94 | 1.81 |
| P/B Ratio | 0.88 | 0.90 | 1.19 | 1.03 | 1.07 | 1.26 | 1.04 | 0.96 | 0.93 | 1.06 | 1.05 |
| P/FCF | — | — | 6.10 | 9.20 | 5.46 | 8.80 | 11.63 | 11.15 | 14.68 | 32.02 | 8.40 |
| P/OCF | — | — | 5.90 | 7.62 | 4.99 | 7.72 | 7.86 | 7.70 | 7.90 | 10.06 | 6.66 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | 6.51 | 8.25 | 9.87 | 14.97 | 16.00 | 13.53 | 14.28 | 19.81 | 22.21 |
| EV / EBITDA | -1.75 | — | 33.31 | 69.88 | 26.44 | 33.46 | 33.84 | 61.44 | 50.94 | 64.03 | 50.85 |
| EV / EBIT | — | — | 52.62 | 217.73 | 35.73 | 42.28 | 48.75 | 128.42 | 83.79 | 102.96 | 66.47 |
| EV / FCF | — | — | 18.74 | 41.68 | 28.71 | 50.38 | 93.14 | 109.96 | 164.46 | 326.40 | 102.89 |
Margins and return-on-capital ratios measuring operating efficiency
Operating margins have expanded from 3.8% to 12.4% over the past 3 years, signaling improving operational efficiency. ROE of 10.9% is modest.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | 60.2% | 53.0% | 74.4% | 88.4% | 71.3% | 56.0% | 58.8% | 59.3% | 66.4% |
| Operating Margin | — | — | 12.4% | 3.8% | 27.6% | 35.4% | 32.8% | 10.5% | 17.0% | 19.2% | 33.4% |
| Net Profit Margin | 32.4% | 32.4% | 10.0% | 5.0% | 22.4% | 27.7% | 25.7% | 8.5% | 13.6% | 14.7% | 21.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 10.9% | 5.7% | 2.8% | 13.2% | 14.1% | 14.0% | 6.0% | 10.2% | 8.2% | 13.0% |
| ROA | 2.7% | 2.7% | 1.2% | 0.5% | 2.0% | 1.8% | 1.5% | 0.6% | 0.9% | 0.7% | 0.9% |
| ROIC | — | — | 1.3% | 0.3% | 2.0% | 1.8% | 1.5% | 0.6% | 0.9% | 0.7% | 1.1% |
| ROCE | — | — | 1.8% | 0.4% | 2.7% | 2.3% | 2.0% | 0.8% | 1.2% | 0.9% | 1.4% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $2.6B exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 2.52 | 3.70 | 4.57 | 5.98 | 7.36 | 8.59 | 9.60 | 9.86 | 11.91 |
| Debt / EBITDA | — | — | 23.01 | 55.24 | 21.59 | 27.82 | 29.80 | 55.57 | 47.18 | 58.59 | 47.32 |
| Net Debt / Equity | — | -1.69 | 2.46 | 3.64 | 4.54 | 5.93 | 7.31 | 8.53 | 9.44 | 9.72 | 11.76 |
| Net Debt / EBITDA | -3.64 | -3.64 | 22.47 | 54.46 | 21.41 | 27.62 | 29.61 | 55.21 | 46.39 | 57.75 | 46.69 |
| Debt / FCF | — | — | 12.64 | 32.49 | 23.24 | 41.58 | 81.51 | 98.81 | 149.78 | 294.38 | 94.49 |
| Interest Coverage | — | — | 0.34 | 0.08 | 1.17 | 2.85 | 1.36 | 0.25 | 0.43 | 0.49 | 1.03 |
Net cash position: cash ($2.6B) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 0.56x to 0.64x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.64 | 0.56 | 0.71 | 1.28 | 0.86 | 0.30 | — | — | — |
| Quick Ratio | — | — | 0.64 | 0.56 | 0.71 | 1.28 | 0.86 | 0.30 | — | — | — |
| Cash Ratio | — | — | 0.09 | 0.07 | 0.05 | 0.13 | 0.19 | 0.13 | — | — | — |
| Asset Turnover | — | 0.13 | 0.13 | 0.11 | 0.09 | 0.07 | 0.06 | 0.07 | 0.07 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Nelnet, Inc. returns 8.2% to shareholders annually — split between a 3.1% dividend yield and 5.0% buyback yield.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.1% | 3.0% | 1.0% | 1.2% | 1.1% | 0.9% | 1.2% | 1.3% | 1.3% | 1.1% | 1.0% |
| Payout Ratio | — | — | 22.2% | 43.9% | 9.0% | 8.8% | 9.0% | 20.8% | 11.8% | 13.9% | 8.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.7% | 2.7% | 11.7% | 10.4% | 12.7% | 6.1% | 10.6% | 7.6% | 11.9% |
| FCF Yield | — | — | 16.4% | 10.9% | 18.3% | 11.4% | 8.6% | 9.0% | 6.8% | 3.1% | 11.9% |
| Buyback Yield | 5.0% | — | 2.1% | 0.8% | 2.9% | 1.6% | 2.7% | 1.8% | 2.1% | 3.0% | 3.2% |
| Total Shareholder Yield | 8.2% | — | 3.2% | 2.0% | 3.9% | 2.5% | 3.8% | 3.0% | 3.4% | 4.1% | 4.2% |
| Shares Outstanding | — | $0 | $37M | $37M | $38M | $38M | $39M | $40M | $41M | $42M | $43M |
Compare NNI with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| NNIYou | $1B | — | -1.7 | — | — | — | 10.9% | — | — |
| SOFI | $21B | 45.5 | 50.5 | — | 69.7% | 6.3% | 8.3% | 1.7% | 7.3 |
| JSM | $5B | 16.1 | 21.3 | 11.6 | 91.7% | 73.9% | 4.9% | 4.1% | 19.8 |
| SLM | $4B | 7.0 | 6.7 | — | 48.2% | 26.7% | 30.1% | 7.6% | 7.9 |
| NAVI | $841M | 7.4 | 280.4 | 1.8 | 20.0% | 4.1% | 4.9% | 0.2% | 279.7 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 24 years · Updated daily
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Start ComparisonNelnet, Inc.'s current EV/EBITDA is -1.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 58.6x.
Nelnet, Inc.'s return on equity (ROE) is 10.9%. The historical average is 16.0%.
Based on historical data, Nelnet, Inc. is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
Nelnet, Inc.'s current dividend yield is 3.13%.