Nelnet, Inc. logo NNI - Nelnet, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 0
HOLD 3
SELL 0
STRONG
SELL
0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue
Revenue 2,263.4 1,846.7 1,814.4 1,816.9 1,417.8 1,372.6 1,677.8 1,680.3 1,178.3 1,193.8 1,110.6 1,107.8 1,055.1 919.8 892.4 969.9 960.3 1,432.5 2,024.3 1,751.0 1,133.3 694.9 492.8 551.1 115.1 64.9
Cost of Revenue 293.4 735.1 853.2 465.1 163.8 393.4 738.3 692.9 479.6 401.7 312.4 282.7 249.4 290.1 249.5 255.6 413.9 1,051.5 1,530.8 1,256.5 627.1 254.1 208.2 240.6 3.9 1.4
Gross Profit 1,969.9 1,111.5 961.1 1,351.8 1,254.0 979.2 939.4 987.4 698.6 792.1 798.3 825.1 805.7 629.7 642.9 714.3 546.4 381.0 493.5 494.5 506.2 440.8 284.7 310.5 111.2 63.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 632.2 608.3 589.7 507.1 501.8 463.5 436.2 301.9 255.9 247.9 228.1 196.2 192.8 178.0 166.0 155.5 185.6 254.0 253.9 156.6 143.3 134.5 118.4 77.4 0
Other Expenses 821.7 250.8 284.1 260.2 244.8 26.9 299.2 264.9 170.1 137.4 129.7 127.5 144.0 162.4 143.2 245.8 175.2 150.6 182.3 138.3 70.3 63.1 103.8 115.9 20.7 56.8
Operating Expenses 821.7 882.9 892.4 850.0 751.9 528.7 762.7 701.1 472.0 393.3 377.6 355.6 340.1 355.2 321.1 411.8 330.7 336.3 436.3 392.1 226.9 206.4 238.3 234.3 98.1 56.8
Operating Income
Operating Income 1,144.9 228.6 68.7 501.8 502.1 450.5 176.7 286.3 226.7 398.8 420.6 469.5 465.5 274.5 321.8 302.5 215.7 44.7 57.1 102.4 279.3 234.4 46.4 76.2 13.1 6.7
Interest Expense 496.9 680.5 845.1 430.1 176.2 330.1 699.3 669.9 465.2 388.2 302.2 273.2 230.9 268.6 228.3 232.9 384.9 1,026.5 1,502.7 1,241.2 620.1 254.6 196.7 235.0 0 0
Interest Income 866.0 973.4 1,109.8 742.8 523.8 619.7 948.7 924.3 770.4 760.7 734.1 709.8 644.8 613.9 592.9 603.9 620.2 1,214.4 1,747.3 1,549.6 949.1 652.8 375.3 425.9 115.1 64.9
Profitability
EBITDA 1,056.9 361.1 214.1 678.1 634.4 649.0 369.4 471.0 364.5 521.4 544.4 577.5 545.0 391.3 425.3 403.5 331.7 186.3 318.5 269.6 384.4 331.1 147.8 170.1 13.1 6.7
EBIT 1,023.3 228.6 68.7 501.8 502.1 450.5 176.7 286.3 226.7 398.8 420.6 469.5 465.5 274.5 321.8 302.5 215.7 44.7 57.1 102.4 279.3 234.4 46.4 76.2 13.1 6.7
Income Before Tax 526.3 228.6 68.7 501.8 502.1 450.5 176.7 286.3 226.7 398.8 420.6 469.5 465.5 274.5 321.8 302.5 215.7 44.7 57.1 102.4 279.3 234.4 46.4 76.2 13.1 6.7
Income Tax Expense 128.0 52.7 19.4 113.1 115.8 100.9 35.5 58.8 64.9 141.3 152.4 160.2 161.2 96.1 117.5 113.4 76.6 17.9 21.7 36.2 100.6 85.2 19.3 27.7 0 0
Net Income 428.5 184.0 89.8 406.9 393.3 352.4 141.8 227.9 173.2 256.8 268.0 307.6 302.7 178.0 204.3 189.0 139.1 28.7 32.9 65.9 178.1 149.2 27.1 48.5 7.1 4.5
Per Share Data
EPS (Basic) 11.58 5.02 2.39 10.63 10.20 9.02 3.54 5.64 4.14 6.02 5.89 6.62 6.50 3.76 4.24 3.82 2.79 0.58 0.66 1.27 3.37 2.78 0.60 1.08 0.16 0.11
EPS (Diluted) 11.58 5.02 2.39 10.63 10.20 9.02 3.54 5.57 4.14 6.02 5.89 6.62 6.50 3.76 4.24 3.81 2.78 0.58 0.66 1.27 3.37 2.78 0.60 1.08 0.16 0.11
Shares Outstanding 36.3 36.6 37.4 37.6 37.9 38.5 39.5 40.4 41.4 42.2 45.0 46.5 46.2 47.0 48.2 49.1 49.5 49.1 49.6 53.6 53.8 53.6 45.2 45.0 44.7 41.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000
Current Assets
Cash & Cash Equivalents 973.5 194.5 168.1 118.1 125.6 121.2 133.9 121.3 66.8 69.7 338.2 189.8 40.0 198.4 40.2 36.4 23.3
Short-Term Investments 0 983.8 937.9 1,389.0 929.7 348.6 52.7 53.0 77.0 103.9 (325.9) 0 0 0 0 0 0
Net Receivables 839.4 192.2 249.9 226.0 163.3 76.5 115.4 755.1 0 452.3 371.4 514.0 278.3 213.9 191.9 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 283.9 335.5 14,791.4 0 0 0 0
Total Current Assets 1,812.9 1,370.5 1,356.0 1,733.1 1,218.5 546.3 302.0 0 0 0 667.5 1,039.4 15,109.6 412.3 232.0 36.4 23.3
Non-Current Assets
Property, Plant & Equipment 85.2 95.2 127.0 122.5 119.4 123.5 348.3 344.8 248.1 123.8 26.6 38.7 29.9 19.1 12.9 0 0
Goodwill 0 158.0 158.0 176.9 142.1 142.1 156.9 156.9 138.8 147.3 143.7 175.2 0 0 0 0 0
Intangible Assets 187.3 36.3 44.8 63.5 52.0 75.1 81.5 114.3 38.4 47.8 53.5 77.1 278.3 213.9 191.9 0 0
Long-Term Investments 11,794.3 10,943.6 13,859.4 15,855.3 18,947.2 20,778.9 21,552.2 0 174.7 188.7 0 0 0 0 0 0 0
Other Non-Current Assets 111.5 1,174.1 1,167.1 1,422.7 1,198.7 980.3 1,268.0 (23,357.8) (22,630.4) (25,748.2) 0 0 0 0 0 0 0
Total Non-Current Assets 12,250.9 12,407.2 15,356.4 17,640.9 20,459.5 22,099.8 23,407.0 2,651.8 1,933.9 1,952.6 223.9 291.0 50.4 30.8 36.8 0 0
Total Assets 14,063.8 13,777.8 16,712.4 19,374.0 21,678.0 22,646.2 23,709.0 25,221.0 23,964.4 27,180.1 25,876.4 27,854.9 15,160.0 11,931.5 9,766.6 8,134.6 4,021.9
Current Liabilities
Account Payables 0 21.0 35.4 36.0 4.6 28.7 47.3 61.7 50.0 45.7 19.8 81.6 48.6 17.2 20.3 0 0
Short-Term Debt 4.7 943.2 1,630.3 1,699.6 600.9 553.4 944.7 0 0 0 861.5 2,854.0 2,292.4 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 (986.9) (336.0) (1,677.4) (2,123.1) 0 0 0 0 0 0
Other Current Liabilities 0 1,186.1 743.6 691.3 344.3 54.6 0 (61.7) (100.1) (91.4) (39.7) (163.2) (2,292.4) 0 0 0 0
Total Current Liabilities 4.7 2,150.3 2,409.3 2,426.9 949.8 636.7 991.9 0 0 0 0 0 403 17.2 20.3 0 0
Non-Current Liabilities
Long-Term Debt 7,789.2 7,366.6 10,198.1 12,937.6 17,030.2 18,767.4 19,584.4 22,218.7 21,356.6 24,668.5 22,682.2 25,995.0 14,300.6 11,366.5 9,447.7 7,926.4 3,934.1
Deferred Tax Liabilities 38.2 0 0 0 0 0 0 23.4 28.4 28.0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2,553.6 961.7 904.9 809.6 729.3 595.0 741.5 (22,218.7) (21,356.6) (24,668.5) (23,943.8) 0 0 0 0 0 0
Total Non-Current Liabilities 10,481.8 8,328.3 11,102.9 13,747.2 17,775.4 19,381.1 20,325.9 0 0 0 0 26,788 14,301 11,366.5 9,447.7 7,926.4 3,934.1
Total Liabilities 10,486.6 10,478.6 13,512.3 16,174.1 18,725.2 20,017.8 21,317.9 22,906.2 21,799.0 25,109.2 25,091.9 27,211.7 14,703.8 11,626.0 9,657.8 8,071.4 3,967.8
Stockholders' Equity
Common Stock 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.4 0 0
Retained Earnings 3,681.3 3,340.5 3,270.4 3,234.8 2,940.5 2,621.8 2,377.6 2,299.6 2,144.0 2,056.1 676.2 540.5 247.1 97.9 70.8 0 0
Accumulated Other Comprehensive Income 2.6 1.5 (20.1) (37.4) 9.3 6.1 3.0 3.9 4.6 4.7 0 (82.6) 0.7 0.2 0 0 0
Total Stockholders' Equity 3,685.8 3,349.8 3,253.8 3,199.0 2,951.2 2,632.0 2,386.7 2,304.5 2,149.5 2,061.7 784.6 643.2 456.2 305.5 109.1 63.2 54.2
Total Liabilities & Equity 14,063.8 13,777.8 16,712.4 19,374.0 21,678.0 22,646.2 23,709.0 25,221.0 23,964.4 27,180.1 25,876.4 27,854.9 15,160.0 11,931.5 9,766.6 8,134.6 4,021.9
Debt Metrics
Total Debt 7,794.0 8,309.8 11,828.4 14,637.2 17,647.0 19,339.5 20,529.1 22,218.7 21,356.6 24,668.5 24,805.3 26,788.0 14,300.6 11,366.5 9,447.7 7,926.4 3,934.1
Net Debt 6,820.4 8,115.3 11,660.3 14,519.0 17,521.4 19,218.2 20,395.1 21,848.0 21,049.3 24,344.7 24,467.1 26,598.1 14,260.6 11,168.0 9,407.5 7,889.9 3,910.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002
Operating Activities
Net Income 420.7 175.9 54.4 396.2 386.3 349.6 141.3 227.5 161.8 257.5 181.1 149.2 27.1 48.5
Depreciation & Amortization 33.6 132.5 145.4 176.2 132.3 198.5 192.7 184.7 137.8 122.5 109.1 96.7 101.4 93.9
Stock-Based Compensation 0 12.0 17.9 14.2 10.7 16.7 6.8 6.5 4.4 4.3 1.8 0 0 0
Change in Working Capital 110.3 334.8 134.2 (4.6) (33.6) 58.5 (27.5) (191.4) (83.7) 14.4 (90.0) (24.8) 10.1 (5.5)
Other Non-Cash Items (141.5) 29.3 132.1 67.3 (71.0) (282.2) (7.1) 32.5 8.7 (100.5) (89.5) 11.2 17.6 5.8
Operating Cash Flow 423.0 662.9 433.0 684.1 480.3 349.1 298.9 270.9 227.5 325.3 159.1 241.1 153.0 134.2
Investing Activities
Capital Expenditure (26.2) (20.9) (74.1) (59.4) (59.0) (113.3) (92.5) (125.0) (156.0) (67.6) (19.2) (16.5) (16.4) (13.4)
Acquisitions 0 0 0 (34.0) 0 (30.0) 0 (12.6) 4.5 3,431.4 (226.0) (17.9) (1.8) (20.8)
Purchases of Investments (1,145.0) (1,087.3) (938.9) (1,293.0) (996.9) (639.7) (104.3) (113.5) (157.9) (117.0) (878.1) (954.5) (450.0) 13.4
Sales/Maturities of Investments 986.5 568.6 1,010.0 580.0 352.8 186.8 70.6 94.5 168.1 160.2 999.4 853.3 442.6 267.1
Other Investing Activities 694.2 2,952.3 1,941.0 3,078.5 1,889.0 1,217.5 1,650.7 (575.8) 3,411.4 (147.5) (6,395.0) (2,947.5) (2,040.4) (1,884.1)
Investing Cash Flow 509.4 2,412.7 1,938.1 2,272.0 1,185.9 621.2 1,524.6 (732.4) 3,270.1 3,259.4 (6,518.8) (3,083.0) (2,065.8) (1,637.8)
Financing Activities
Net Debt Issuance (747.5) (3,614.0) (2,845.0) (3,037.6) (1,736.2) (1,244.8) (1,715.3) 809.5 (3,418.7) (3,484.0) 6,444.1 2,698.7 1,919.0 1,521.7
Stock Repurchased (69.3) (83.3) (28.0) (97.7) (58.1) (73.4) (40.4) (45.3) (68.9) (69.1) 0 0 0 0
Dividends Paid (43.0) (40.8) (39.4) (36.6) (34.5) (31.8) (29.5) (26.8) (24.1) (21.2) 0 0 0 (3.0)
Other Financing Activities (32.2) 566.5 207.4 377.8 397.0 113.8 (8.1) (25.5) 10.5 (5.2) (22.0) (15.4) (11.7) (11.4)
Financing Cash Flow (890.2) (3,169.7) (2,703.2) (2,792.5) (1,430.3) (1,234.5) (1,793.3) 711.8 (3,500.5) (3,578.5) 6,423.1 2,683.7 2,071.1 1,507.3
Cash Position
Net Change in Cash 42.5 (94.5) (332.1) 163.4 235.8 (264.2) 30.2 250.3 (2.9) 6.1 63.7 (158.4) 158.3 3.7
Cash at Beginning 931.0 1,025.5 1,357.6 1,194.2 958.4 1,222.6 1,192.4 942.1 69.7 63.5 40.0 198.4 40.2 36.4
Cash at End 973.5 931.0 1,025.5 1,357.6 1,194.2 958.4 1,222.6 1,192.4 66.8 69.7 103.7 40.0 198.4 40.2
Free Cash Flow 396.7 642.0 358.9 624.6 421.4 235.8 206.4 145.9 71.5 257.7 139.9 224.6 136.6 120.8
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Income Statement
Revenue 2,263.4 1,846.7 1,814.4 1,816.9 1,417.8 1,372.6 1,677.8 1,680.3 1,178.3 1,193.8 1,110.6 1,107.8 1,055.1 919.8 892.4 969.9 960.3 1,432.5 2,024.3 1,751.0 1,133.3 694.9 492.8 551.1 115.1 64.9
Gross Profit 1,969.9 1,111.5 961.1 1,351.8 1,254.0 979.2 939.4 987.4 698.6 792.1 798.3 825.1 805.7 629.7 642.9 714.3 546.4 381.0 493.5 494.5 506.2 440.8 284.7 310.5 111.2 63.5
Operating Income 1,144.9 228.6 68.7 501.8 502.1 450.5 176.7 286.3 226.7 398.8 420.6 469.5 465.5 274.5 321.8 302.5 215.7 44.7 57.1 102.4 279.3 234.4 46.4 76.2 13.1 6.7
Net Income 428.5 184.0 89.8 406.9 393.3 352.4 141.8 227.9 173.2 256.8 268.0 307.6 302.7 178.0 204.3 189.0 139.1 28.7 32.9 65.9 178.1 149.2 27.1 48.5 7.1 4.5
EPS (Diluted) 11.58 5.02 2.39 10.63 10.20 9.02 3.54 5.57 4.14 6.02 5.89 6.62 6.50 3.76 4.24 3.81 2.78 0.58 0.66 1.27 3.37 2.78 0.60 1.08 0.16 0.11
Balance Sheet
Cash & Equivalents 973.5 194.5 168.1 118.1 125.6 121.2 133.9 121.3 66.8 69.7 338.2 189.8 40.0 198.4 40.2 36.4 23.3
Total Assets 14,063.8 13,777.8 16,712.4 19,374.0 21,678.0 22,646.2 23,709.0 25,221.0 23,964.4 27,180.1 25,876.4 27,854.9 15,160.0 11,931.5 9,766.6 8,134.6 4,021.9
Total Debt 7,794.0 8,309.8 11,828.4 14,637.2 17,647.0 19,339.5 20,529.1 22,218.7 21,356.6 24,668.5 24,805.3 26,788.0 14,300.6 11,366.5 9,447.7 7,926.4 3,934.1
Stockholders' Equity 3,685.8 3,349.8 3,253.8 3,199.0 2,951.2 2,632.0 2,386.7 2,304.5 2,149.5 2,061.7 784.6 643.2 456.2 305.5 109.1 63.2 54.2
Cash Flow
Operating Cash Flow 423.0 662.9 433.0 684.1 480.3 349.1 298.9 270.9 227.5 325.3 159.1 241.1 153.0 134.2
Capital Expenditure (26.2) (20.9) (74.1) (59.4) (59.0) (113.3) (92.5) (125.0) (156.0) (67.6) (19.2) (16.5) (16.4) (13.4)
Free Cash Flow 396.7 642.0 358.9 624.6 421.4 235.8 206.4 145.9 71.5 257.7 139.9 224.6 136.6 120.8