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	Jun '26 Jun 3, 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	4,589	4,770	3,876	3,270	3,370	3,704
Market Cap Growth	6.53%	23.05%	18.56%	-2.96%	-9.02%	35.57%
Enterprise Value	12,048	12,443	12,136	15,045	18,008	21,336
Last Close Price	127.71	132.96	106.81	88.22	90.75	97.68
PE Ratio	11.10	11.28	21.28	36.76	8.39	9.58
Forward PE	13.64	18.71	18.71	15.67	14.41	12.44
PS Ratio	2.79	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	1.24	1.31	1.17	1.01	1.07	1.28
P/FCF Ratio	12.39	12.02	6.04	9.13	5.40	8.79
P/OCF Ratio	11.33	11.28	5.85	7.57	4.93	7.71
EV/Sales Ratio	7.32	7.36	8.65	12.74	11.85	15.96
EV/EBITDA Ratio	-	137.30	91.57	103.48	102.17	161.24
EV/FCF Ratio	32.52	31.36	18.90	42.03	28.88	50.64
Debt / Equity Ratio	2.14	2.18	2.52	3.70	4.57	5.97
Debt / EBITDA Ratio	86.84	85.86	62.70	81.36	83.05	133.24
Debt / FCF Ratio	20.78	19.61	12.94	33.04	23.47	41.84
Net Debt / Equity Ratio	2.06	2.11	2.48	3.64	4.58	5.97
Net Debt / EBITDA Ratio	86.84	85.86	62.70	81.36	83.05	133.24
Net Debt / FCF Ratio	20.78	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)	6.79%	11.59%	5.41%	1.54%	12.64%	13.84%
Earnings Yield	9.09%	8.87%	4.70%	2.72%	11.92%	10.44%
FCF Yield	8.07%	8.32%	16.56%	10.95%	18.51%	11.38%
Dividend Yield	1.03%	0.89%	1.04%	1.19%	1.07%	0.91%
Payout Ratio	11.21%	10.03%	22.19%	43.88%	9.42%	8.92%
Buyback Yield / Dilution	0.64%	0.82%	2.07%	0.50%	2.51%	1.25%
Total Shareholder Return	1.67%	1.71%	3.11%	1.69%	3.59%	2.16%

SEC Filings: 10-K · 10-Q