Nelnet Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 9, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	4,729	4,832	3,876	3,270	3,370	3,704
Market Cap Growth	15.93%	24.65%	18.56%	-2.96%	-9.02%	35.57%
Enterprise Value	12,227	12,504	12,136	15,045	18,008	21,336
Last Close Price	131.81	132.96	106.81	88.22	90.75	97.68
PE Ratio	11.18	11.28	21.28	36.76	8.39	9.58
Forward PE	14.33	17.13	18.71	20.42	14.41	12.44
PS Ratio	2.83	2.86	2.76	2.77	2.22	2.77
PB Ratio	1.28	1.31	1.16	1.00	1.05	1.25
P/TBV Ratio	1.30	1.31	1.17	1.01	1.07	1.28
P/FCF Ratio	11.92	12.18	6.04	9.13	5.40	8.79
P/OCF Ratio	11.18	11.42	5.85	7.57	4.93	7.71
EV/Sales Ratio	7.31	7.39	8.65	12.74	11.85	15.96
EV/EBITDA Ratio	-	137.98	91.57	103.47	102.17	161.24
EV/FCF Ratio	30.82	31.52	18.90	42.03	28.88	50.64
Debt / Equity Ratio	2.18	2.18	2.52	3.70	4.57	5.97
Debt / EBITDA Ratio	85.86	85.86	62.70	81.36	83.05	133.24
Debt / FCF Ratio	19.61	19.61	12.94	33.04	23.47	41.84
Net Debt / Equity Ratio	2.11	2.11	2.48	3.64	4.58	5.97
Net Debt / EBITDA Ratio	85.86	85.86	62.70	81.36	83.05	133.24
Net Debt / FCF Ratio	19.61	19.61	12.94	33.04	23.47	41.84
Asset Turnover	0.12	0.12	0.09	0.07	0.07	0.06
Return on Equity (ROE)	11.59%	11.59%	5.41%	1.54%	12.64%	13.84%
Earnings Yield	9.06%	8.87%	4.70%	2.72%	11.92%	10.44%
FCF Yield	8.39%	8.21%	16.56%	10.95%	18.51%	11.38%
Dividend Yield	1.00%	0.89%	1.04%	1.19%	1.07%	0.91%
Payout Ratio	10.52%	5.20%	11.34%	28.33%	9.42%	8.92%
Buyback Yield / Dilution	1.40%	1.40%	2.10%	0.80%	2.85%	1.53%
Total Shareholder Return	2.40%	2.29%	3.14%	2.00%	3.92%	2.44%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q