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Nelnet, Inc. NNI R2K

Financial Services · Credit Services · United States
https://www.nelnet.com

Nelnet, Inc. engages in loan servicing, education technology services, and payment businesses worldwide. The company operates through four segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also offers student loan servicing software; and business process outsourcing services primarily in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels, and processing and administrative services. The Education Technology Services and Payments segment provides financial management services; school information system software; a donation platform; education technology solutions; and customized professional development and coaching, and advanced learning and educational instruction services. This segment also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; learning management system; an integrated commerce payment platform; and a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools. The Asset Generation and Management segment invest, allocates an manages loan assts. The Nelnet Bank segment operates as an internet industrial bank. It also offers investment advisory, investment, and reinsurance services, as well as engages in the real estate investment; and solar engineering, procurement, and construction businesses. The company was founded in 1977 and is headquartered in Lincoln, Nebraska.

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$130.57
+13.50% 1Y

Market & Price

Market Cap
$4.69B
Current Price
$130.57
High / Low (52W)
$144.23 / $111.62
Beta
0.83

Valuation

Stock P/E
11.35
Industry PE
12.01
Forward P/E
13.06
PEG Ratio
0.46
Book Value
$103.79
Price to Book
1.26
P/S
2.85
EV/EBITDA
-
Dividend Yield
0.99%

Profitability & Returns

ROCE
-
ROE
10.70%
ROA
2.63%
Profit Margin
25.34%
Op Margin
21.42%
EPS (Latest Qtr)
$1.97
EPS (TTM)
$11.50

Balance Sheet & Liquidity

Debt/Equity
2.14
Quick Ratio
4.63
Current Ratio
4.89
Debt
$7.70B
Total Assets
$14.06B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
30.64%
Chg in Prom Hold
-
FII / Inst Holding
48.35%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$12.03B
Total Revenue (TTM)
$1.65B
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
$404.93M
Shares Outstanding
25.32M
Gross Margin
86.59%
Payout Ratio
10.78%

Growth (CAGR)

Revenue 5Y
-0.87%
Profit 5Y
1.74%
Revenue (YoY)
-7.10%
Earnings (YoY)
-12.90%

PROS

  • Excellent profit margin of 25.3%.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -0.9% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NNI Nelnet, Inc. R2K 130.57 11.35 $4.69B 0.99% - 10.70% -0.87% 1.74%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 0-000-000--------------------------339.47M304.85M373.93M333.26M362.89M
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------------
EBITDA ----------------------------------------
Interest Expense -----------------------------------125.11M132.85M120.71M118.27M109.58M
Pretax Income -----------------------------------106.14M237.36M136.45M46.38M75.66M
Tax Provision -----------------------------------25.01M59.51M35.77M7.69M20.06M
Net Income 48.95M83.35M47.96M26.15M84.29M98.35M50.03M28.74M46.30M48.10M113.92M49.44M42.93M21.63M41.59M24.62M33.21M42.38M-40.53M86.48M71.50M234.99M123.60M83.87M53.14M186.65M85.13M104.80M26.49M27.43M44.35M73.41M45.09M--82.56M181.46M106.68M57.77M71.13M
Diluted EPS -------------------2.211.86-3.202.161.384.912.262.800.710.731.181.981.23--2.264.972.941.601.97

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --0000000----1.39B968.45M1.17B1.35B
Cost of Revenue -----------------
Gross Profit -----------------
Operating Expenses -----------------
Operating Income -----------------
EBITDA -----------------
Interest Expense -------------430.14M845.09M680.54M496.95M
Pretax Income -------------501.85M68.72M228.58M526.33M
Tax Provision -------------113.10M19.39M52.67M127.99M
Net Income 139.12M189.03M204.34M178.00M302.67M307.61M267.98M256.75M173.17M227.91M141.80M352.44M393.29M406.90M89.83M184.04M428.47M
Diluted EPS 2.783.814.233.74------3.549.0210.2010.832.405.0211.79

Compounded Sales Growth

5 Years:-0.87%
1 Year:-7.10%

Compounded Profit Growth

5 Years:1.74%
1 Year:-12.90%

Stock Price Performance

1 Year:+13.50%
6 Months:+1.10%
3 Months:+0.86%
1 Month:-8.36%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Jan 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --25.89B25.85B26.61B27.77B30.03B30.42B27.19B23.96B25.22B-23.71B22.65B-19.37B16.71B13.78B14.06B
Current Assets -------------------
Cash & Equivalents 189.85M338.18M283.80M42.57M66.03M63.27M130.48M63.53M69.65M66.75M121.35M120.70M133.91M121.25M-118.15M168.11M194.52M295.98M
Inventory -------------------
Receivables ---------------194.85M196.20M159.93M193.45M
Total Liabilities --24.99B24.79B25.44B26.33B28.37B28.53B25.12B21.80B22.91B-21.32B20.02B-16.17B13.51B10.48B10.49B
Current Liabilities -------------------
Long Term Debt -------------19.32B-12.94B10.20B7.37B6.80B
Total Debt ---------------14.07B11.62B8.31B7.78B
Total Equity ---1.07B1.17B1.44B1.73B1.88B2.06B2.15B2.30B-2.39B2.63B-3.20B3.25B3.35B3.69B
Shares Outstanding ---------------37.13M48.37M47.60M47.18M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 324.71M194.87M310.86M299.32M387.18M357.45M391.37M300.19M322.27M270.89M298.92M349.10M-683.06M432.03M662.89M422.99M
Investing Cash Flow 1.81B-161.30M1.44B-792.65M496.58M-109.51M1.42B3.41B2.95B-732.35M1.52B621.22M-2.27B1.94B2.41B356.40M
Financing Cash Flow -1.99B-87.95M-1.99B516.80M-886.52M-180.73M-1.88B-3.58B-3.50B711.78M-1.79B-1.23B--2.79B-2.70B-3.17B-737.14M
Capital Expenditure -1.20M-12.77M-14.17M-9.94M-17.01M-26.49M-16.76M-67.60M-156.00M-125.02M-92.50M-113.31M--59.42M-74.05M-20.90M-26.24M
Free Cash Flow 323.50M182.10M296.69M289.37M370.17M330.96M374.60M232.59M166.26M145.87M206.42M235.79M-623.64M357.98M641.99M396.75M
Net Change in Cash -------------163.59M-332.14M-94.03M42.25M
Share Buybacks 430.00K39.80M27.13M22.81M13.14M15.71M96.17M69.09M68.90M45.33M40.41M73.36M58.11M97.69M28.03M83.29M69.35M
Dividends Paid 3.49M34.13M17.76M66.24M18.57M18.54M19.02M21.19M24.10M26.84M-------

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----------------
Operating Margin % -----------------
Net Margin % -------------29.3%9.3%15.8%31.7%
ROE % --19.2%15.3%21.0%17.8%14.2%12.5%8.1%9.9%5.9%13.4%-12.7%2.8%5.5%11.6%
ROCE % -----------------

Shareholding Pattern

Insiders
30.64%
Institutions
48.35%
Public Float
69.71%

Top Institutional Holders

#Holder% HeldSharesValue
1 Dimensional Fund Advisors LP 7.30% 1.85M $241.25M
2 Magnolia Group, LLC 6.59% 1.67M $217.92M
3 Farmers & Merchants Investments Inc 4.68% 1.18M $154.64M
4 Blackrock Inc. 3.86% 978.03K $127.70M
5 Vanguard Portfolio Management LLC 2.68% 679.39K $88.71M
6 Vanguard Capital Management LLC 2.28% 577.94K $75.46M
7 Geode Capital Management, LLC 1.37% 346.69K $45.27M
8 American Century Companies Inc 1.33% 335.70K $43.83M
9 State Street Corporation 1.24% 314.98K $41.13M
10 General American Investors Company Inc 0.92% 234.03K $30.56M

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