Last 47 quarters of trend data · Financial Services · Financial - Credit Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.70 | 18.02 | 16.37 | 21.17 | 10.66 | 6.09 | 12.27 | 15.43 | 432.37 | 20.50 | 11.95 | — | 18.92 | 33.04 | 32.36 | 27.33 | 7.07 | 9.43 | 4.33 | 7.06 | 14.36 |
| — | +195.7% | +33.4% | +37.2% | -97.5% | -70.3% | +2.7% | — | +2184.8% | -38.0% | -63.1% | — | +167.6% | +250.4% | +647.7% | +287.3% | -50.7% | +8.3% | -23.9% | +141.7% | +77.3% | |
| P/S Ratio | 2.52 | 5.35 | 2.80 | 3.13 | 3.04 | 2.30 | 2.97 | 3.32 | 3.87 | 3.31 | 2.73 | 3.68 | 3.06 | 4.01 | 3.11 | 2.90 | 2.14 | 2.51 | 1.81 | 2.51 | 2.84 |
| — | +132.2% | -5.7% | -5.7% | -21.4% | -30.4% | +8.8% | -9.6% | +26.6% | -17.5% | -12.3% | +26.7% | +43.2% | +60.0% | +71.7% | +15.5% | -24.7% | -3.0% | -19.7% | -13.2% | +34.7% | |
| P/B Ratio | 1.26 | 1.32 | 1.29 | 1.35 | 1.27 | 1.27 | 1.20 | 1.18 | 1.29 | 1.14 | 1.08 | 1.03 | 1.03 | 1.11 | 1.06 | 1.06 | 0.93 | 1.04 | 1.05 | 1.27 | 1.07 |
| — | +4.2% | +7.2% | +14.4% | -1.2% | +10.9% | +11.5% | +14.6% | +25.1% | +2.8% | +1.4% | -2.6% | +9.9% | +7.0% | +1.6% | -16.6% | -12.7% | +0.9% | +2.6% | +21.4% | +10.8% | |
| P/FCF | 11.22 | 16.78 | 18.89 | 9.28 | 11.30 | 14.15 | 11.52 | 4.92 | 7.78 | 7.50 | 4.67 | 14.15 | 6.03 | 14.27 | 8.72 | 69.41 | 4.54 | 4.23 | 3.11 | 6.75 | 5.59 |
| — | +18.6% | +64.0% | +88.7% | +45.2% | +88.7% | +146.8% | -65.2% | +29.1% | -47.5% | -46.4% | -79.6% | +32.7% | +237.5% | +179.9% | +928.7% | -18.7% | -25.7% | -86.4% | -93.0% | +135.7% | |
| EV / EBITDA | 9.56 | 81.83 | 14.13 | 14.29 | 19.96 | 11.34 | 24.14 | 28.61 | 93.97 | 34.82 | 27.21 | — | 45.80 | 47.71 | 63.69 | 46.61 | 26.92 | 32.85 | 17.88 | 28.45 | 51.74 |
| — | +621.5% | -41.5% | -50.1% | -78.8% | -67.4% | -11.3% | — | +105.2% | -27.0% | -57.3% | — | +70.2% | +45.2% | +256.2% | +63.8% | -48.0% | -12.2% | -34.5% | +82.1% | +35.4% | |
| EV / EBIT | 9.85 | — | 16.51 | 17.69 | 22.28 | 12.74 | 29.40 | 38.28 | — | 56.08 | 37.05 | — | 77.86 | 150.96 | 133.39 | 133.84 | 35.30 | 44.29 | 20.58 | 31.61 | 80.30 |
| — | — | -43.8% | -53.8% | — | -77.3% | -20.6% | — | — | -62.9% | -72.2% | — | +120.6% | +240.8% | +548.1% | +323.4% | -56.0% | -12.4% | -39.4% | +73.9% | +35.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.0% | 81.6% | 86.6% | 85.8% | 76.3% | 75.4% | 69.9% | 62.4% | 57.1% | 60.4% | 60.3% | 49.6% | 56.0% | 51.6% | 50.8% | 55.7% | 71.2% | 78.9% | 90.4% | 88.9% | 82.5% |
| — | +8.2% | +24.0% | +37.4% | +33.6% | +24.8% | +15.9% | +25.7% | +1.9% | +17.0% | +18.6% | -10.9% | -21.3% | -34.6% | -43.8% | -37.3% | -13.7% | -6.9% | -6.7% | +4.1% | -2.1% | |
| Operating Margin | 50.6% | 7.7% | 39.4% | 38.6% | 27.6% | 38.7% | 22.8% | 18.1% | -0.5% | 12.8% | 18.2% | -9.2% | 10.4% | 6.0% | 6.6% | 7.1% | 26.9% | 27.5% | 48.7% | 39.9% | 20.9% |
| — | -80.2% | +73.2% | +113.6% | +5495.2% | +201.5% | +25.3% | +295.7% | -104.9% | +114.8% | +176.2% | -230.6% | -61.2% | -78.2% | -86.5% | -82.3% | +28.4% | -16.5% | +4.5% | -61.7% | -22.7% | |
| Net Margin | 18.9% | 20.0% | 13.5% | 11.5% | 21.6% | 29.6% | 17.7% | 14.5% | 0.5% | 9.9% | 14.2% | -2.0% | 9.2% | 6.0% | 5.6% | 6.5% | 22.2% | 21.6% | 37.8% | 31.5% | 16.6% |
| — | -32.5% | -23.6% | -21.2% | +3826.5% | +198.7% | +24.7% | +830.2% | -94.0% | +65.8% | +154.8% | -130.6% | -58.4% | -72.3% | -85.2% | -79.4% | +33.3% | -14.6% | +3.5% | -61.2% | -22.4% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.5% | 1.8% | 2.0% | 1.6% | 3.0% | 5.3% | 2.5% | 1.9% | 0.1% | 1.4% | 2.3% | -0.3% | 1.4% | 0.8% | 0.8% | 1.0% | 3.3% | 2.8% | 6.2% | 4.6% | 1.9% |
| — | -65.3% | -20.1% | -16.9% | +3962.2% | +280.8% | +9.0% | +832.6% | -94.5% | +64.2% | +175.7% | -127.4% | -59.3% | -69.2% | -86.7% | -78.8% | +79.2% | -8.3% | +34.5% | -51.1% | -38.0% | |
| ROA | 3.1% | 0.5% | 0.5% | 0.4% | 0.8% | 1.3% | 0.6% | 0.5% | 0.0% | 0.3% | 0.5% | -0.1% | 0.3% | 0.2% | 0.1% | 0.2% | 0.5% | 0.4% | 0.9% | 0.6% | 0.2% |
| — | -64.0% | -14.7% | -8.8% | +4531.1% | +331.2% | +29.1% | +999.6% | -93.4% | +97.4% | +223.3% | -131.9% | -51.4% | -62.6% | -83.8% | -73.7% | +123.0% | +10.2% | +58.6% | -42.5% | -26.7% | |
| ROIC | 7.5% | 0.2% | 1.4% | 1.3% | 0.9% | 1.5% | 0.7% | 0.5% | -0.0% | 0.3% | 0.5% | -0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.5% | 0.4% | 0.9% | 0.6% | 0.2% |
| — | -88.5% | +103.5% | +158.6% | +6800.7% | +362.2% | +38.0% | +356.1% | -105.7% | +163.7% | +259.2% | -238.9% | -53.9% | -70.0% | -84.8% | -76.8% | +121.9% | +11.1% | +64.0% | -42.3% | -26.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.18 | 1.94 | 2.14 | 2.18 | 2.18 | 2.27 | 2.57 | 2.52 | 2.78 | 2.97 | 3.25 | 3.70 | 3.82 | 4.02 | 4.17 | 4.57 | 4.75 | 5.21 | 5.43 | 5.98 | 6.51 |
| — | -14.6% | -17.0% | -13.5% | -21.7% | -23.6% | -20.8% | -31.9% | -27.1% | -26.2% | -22.1% | -19.2% | -19.6% | -22.8% | -23.2% | -23.5% | -27.1% | -23.9% | -20.5% | -18.8% | -18.5% | |
| Debt / EBITDA | 6.61 | 197.45 | 35.57 | 38.23 | 51.36 | 29.64 | 66.97 | 79.18 | 261.54 | 101.68 | 82.74 | — | 146.10 | 150.59 | 205.24 | 152.42 | 90.28 | 110.28 | 60.44 | 94.42 | 179.35 |
| — | +566.1% | -46.9% | -51.7% | -80.4% | -70.8% | -19.1% | — | +79.0% | -32.5% | -59.7% | — | +61.8% | +36.6% | +239.6% | +61.4% | -49.7% | -16.0% | -36.8% | +71.6% | +30.9% | |
| Current Ratio | 382.15 | 0.74 | — | 382.15 | 0.58 | 0.74 | 0.65 | 0.64 | 0.61 | 0.61 | 0.66 | 0.56 | 0.54 | 0.49 | 0.66 | 0.71 | 1.10 | 1.32 | 1.27 | 1.28 | 1.99 |
| — | +0.7% | — | +59858.0% | -3.8% | +20.4% | -0.9% | +13.2% | +12.3% | +25.3% | -0.0% | -21.2% | -51.0% | -63.0% | -48.2% | -44.3% | -44.4% | +27.7% | +9.8% | +49.5% | +241.4% | |
| Quick Ratio | 382.15 | 0.74 | — | 382.15 | 0.58 | 0.74 | 0.65 | 0.64 | 0.61 | 0.61 | 0.66 | 0.56 | 0.54 | 0.49 | 0.66 | 0.71 | 1.10 | 1.32 | 1.27 | 1.28 | 1.99 |
| — | +0.7% | — | +59858.0% | -3.8% | +20.4% | -0.9% | +13.2% | +12.3% | +25.3% | -0.0% | -21.2% | -51.0% | -63.0% | -48.2% | -44.3% | -44.4% | +27.7% | +9.8% | +49.5% | +241.4% | |
| Interest Coverage | 2.06 | -0.05 | 1.69 | 1.39 | 1.13 | 1.79 | 0.85 | 0.56 | -0.01 | 0.33 | 0.48 | -0.19 | 0.24 | 0.12 | 0.16 | 0.18 | 1.00 | 1.47 | 5.00 | 3.48 | 1.33 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying NNI stock.
Nelnet, Inc.'s current P/E is 10.7x. The average P/E over the last 4 quarters is 16.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Nelnet, Inc.'s current operating margin is 50.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Nelnet, Inc.'s business trajectory between earnings reports.