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.
Nelnet, Inc.'s quarterly P/E stands at 20.5x, up 32.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 89.2% YoY to 3.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | — | 20.52 | 10.66 | 6.09 | 12.27 | 15.43 | 432.37 | 20.50 | 11.95 | — | 18.92 | 33.04 | 32.36 |
| — | +32.9% | -97.5% | -70.3% | +2.7% | — | +2184.8% | -38.0% | -63.1% | — | +167.6% | +250.4% | +647.7% | |
| P/S Ratio | 1.81 | 5.36 | 2.30 | 1.80 | 2.17 | 2.24 | 2.37 | 2.03 | 1.70 | 1.92 | 1.74 | 1.97 | 1.81 |
| — | +139.0% | -3.0% | -11.0% | +27.6% | +16.9% | +36.3% | +2.8% | -5.8% | +7.3% | +11.3% | -3.3% | +10.4% | |
| P/B Ratio | 0.95 | 3.08 | 1.27 | 1.27 | 1.20 | 1.18 | 1.29 | 1.14 | 1.08 | 1.03 | 1.03 | 1.11 | 1.06 |
| — | +160.9% | -1.2% | +10.9% | +11.5% | +14.6% | +25.1% | +2.8% | +1.4% | -2.6% | +9.9% | +7.0% | +1.6% | |
| P/FCF | — | — | 11.30 | 14.15 | 11.52 | 4.92 | 7.78 | 7.50 | 4.67 | 14.15 | 6.03 | 14.27 | 8.72 |
| — | — | +45.2% | +88.7% | +146.8% | -65.2% | +29.1% | -47.5% | -46.4% | -79.6% | +32.7% | +237.5% | +179.9% | |
| EV / EBITDA | -1.59 | 3.08 | 19.96 | 11.34 | 24.14 | 28.61 | 93.97 | 34.82 | 27.21 | — | 45.80 | 47.71 | 63.69 |
| — | -89.2% | -78.8% | -67.4% | -11.3% | — | +105.2% | -27.0% | -57.3% | — | +70.2% | +45.2% | +256.2% | |
| EV / EBIT | — | — | 22.28 | 12.74 | 29.40 | 38.28 | — | 56.08 | 37.05 | — | 77.86 | 150.96 | 133.39 |
| — | — | — | -77.3% | -20.6% | — | — | -62.9% | -72.2% | — | +120.6% | +240.8% | +548.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | 76.3% | 75.4% | 69.9% | 62.4% | 57.1% | 60.4% | 60.3% | 49.6% | 56.0% | 51.6% | 50.8% |
| — | — | +33.6% | +24.8% | +15.9% | +25.7% | +1.9% | +17.0% | +18.6% | -10.9% | -21.3% | -34.6% | -43.8% | |
| Operating Margin | — | — | 27.6% | 38.7% | 22.8% | 18.1% | -0.5% | 12.8% | 18.2% | -9.2% | 10.4% | 6.0% | 6.6% |
| — | — | +5495.2% | +201.5% | +25.3% | +295.7% | -104.9% | +114.8% | +176.2% | -230.6% | -61.2% | -78.2% | -86.5% | |
| Net Margin | 32.4% | 25.6% | 21.6% | 29.6% | 17.7% | 14.5% | 0.5% | 9.9% | 14.2% | -2.0% | 9.2% | 6.0% | 5.6% |
| — | +76.2% | +3826.5% | +198.7% | +24.7% | +830.2% | -94.0% | +65.8% | +154.8% | -130.6% | -58.4% | -72.3% | -85.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 2.2% | 3.0% | 5.3% | 2.5% | 1.9% | 0.1% | 1.4% | 2.3% | -0.3% | 1.4% | 0.8% | 0.8% |
| — | +15.5% | +3962.2% | +280.8% | +9.0% | +832.6% | -94.5% | +64.2% | +175.7% | -127.4% | -59.3% | -69.2% | -86.7% | |
| ROA | 2.7% | 0.4% | 0.8% | 1.3% | 0.6% | 0.5% | 0.0% | 0.3% | 0.5% | -0.1% | 0.3% | 0.2% | 0.1% |
| — | -8.8% | +4531.1% | +331.2% | +29.1% | +999.6% | -93.4% | +97.4% | +223.3% | -131.9% | -51.4% | -62.6% | -83.8% | |
| ROIC | — | — | 0.9% | 1.5% | 0.7% | 0.5% | -0.0% | 0.3% | 0.5% | -0.2% | 0.2% | 0.1% | 0.1% |
| — | — | +6800.7% | +362.2% | +38.0% | +356.1% | -105.7% | +163.7% | +259.2% | -238.9% | -53.9% | -70.0% | -84.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 2.18 | 2.27 | 2.57 | 2.52 | 2.78 | 2.97 | 3.25 | 3.70 | 3.82 | 4.02 | 4.17 |
| — | — | -21.7% | -23.6% | -20.8% | -31.9% | -27.1% | -26.2% | -22.1% | -19.2% | -19.6% | -22.8% | -23.2% | |
| Debt / EBITDA | — | — | 51.36 | 29.64 | 66.97 | 79.18 | 261.54 | 101.68 | 82.74 | — | 146.10 | 150.59 | 205.24 |
| — | — | -80.4% | -70.8% | -19.1% | — | +79.0% | -32.5% | -59.7% | — | +61.8% | +36.6% | +239.6% | |
| Current Ratio | — | — | 0.58 | 0.74 | 0.65 | 0.64 | 0.61 | 0.61 | 0.66 | 0.56 | 0.54 | 0.49 | 0.66 |
| — | — | -3.8% | +20.4% | -0.9% | +13.2% | +12.3% | +25.3% | -0.0% | -21.2% | -51.0% | -63.0% | -48.2% | |
| Quick Ratio | — | — | 0.58 | 0.74 | 0.65 | 0.64 | 0.61 | 0.61 | 0.66 | 0.56 | 0.54 | 0.49 | 0.66 |
| — | — | -3.8% | +20.4% | -0.9% | +13.2% | +12.3% | +25.3% | -0.0% | -21.2% | -51.0% | -63.0% | -48.2% | |
| Interest Coverage | — | — | 1.13 | 1.79 | 0.85 | 0.56 | -0.01 | 0.33 | 0.48 | -0.19 | 0.24 | 0.12 | 0.16 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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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.