Nelnet, Inc. (NNI)

Nelnet Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	4,540	4,770	3,876	3,270	3,370	3,704
Market Cap Growth	10.13%	23.05%	18.56%	-2.96%	-9.02%	35.57%
Enterprise Value	12,039	12,442	12,136	15,045	18,008	21,336
Last Close Price	126.55	132.96	106.81	88.22	90.75	97.68
PE Ratio	10.73	11.28	21.28	36.76	8.39	9.58
Forward PE	13.76	19.67	19.67	20.42	14.41	12.44
PS Ratio	2.71	2.82	2.76	2.77	2.22	2.77
PB Ratio	1.23	1.29	1.16	1.00	1.05	1.25
P/TBV Ratio	1.25	1.31	1.17	1.01	1.07	1.28
P/FCF Ratio	11.44	12.02	6.04	9.13	5.40	8.79
P/OCF Ratio	10.73	11.28	5.85	7.57	4.93	7.71
EV/Sales Ratio	7.20	7.36	8.65	12.74	11.85	15.96
EV/EBITDA Ratio	-	137.30	91.57	103.47	102.17	161.24
EV/FCF Ratio	30.34	31.36	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	9.44%	8.87%	4.70%	2.72%	11.92%	10.44%
FCF Yield	8.74%	8.32%	16.56%	10.95%	18.51%	11.38%
Dividend Yield	1.04%	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	0.82%	0.82%	2.07%	0.50%	2.51%	1.25%
Total Shareholder Return	1.86%	1.71%	3.11%	1.69%	3.59%	2.16%

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

SEC Filings: 10-K · 10-Q