NELNET, INC. financials

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NNI CIK 0001258602

Source: EDGAR filings · Built 2026-06-02T03:40:31Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 396.75M 641.99M 357.98M 623.64M 421.38M 235.79M
Net Debt 7.50B 8.13B 11.67B 14.54B 17.52B 19.22B
Return on Equity (ROE) 11.63% 5.49% 2.76% 12.72% 13.33% 13.39%
Return on Assets (ROA) 3.05% 1.34% 0.54% 2.10% 1.81% 1.56%
Debt-to-Equity 2.11× 2.48× 3.64× 4.58× 5.98× 7.35×
Effective Tax Rate 23.00% 23.04% 28.21% 22.54% 23.07% 22.39%
Cash Conversion Ratio 0.99× 3.60× 4.81× 1.68× 1.22× 0.99×
Accruals Ratio 0.00× -0.03× -0.02× -0.01× -0.00× 0.00×
CapEx Coverage 16.12× 31.71× 5.83× 11.50× 8.15× 3.08×
Free Cash Flow Per Share $10.92 $17.52 $9.57 $16.58 $10.92 $6.04

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 11.28× 21.28× 36.76× 8.39× 9.58× 7.90×
P/FCF 12.18× 6.10× 9.22× 5.47× 8.94× 11.80×
FCF Yield 8.21% 16.40% 10.84% 18.28% 11.18% 8.47%
P/B 1.31× 1.17× 1.01× 1.07× 1.28× 1.06×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cost of Goods and Services Sold 226.27M 252.32M 219.76M 168.37M 108.66M 105.02M
Operating Expenses 927.09M 882.93M 892.43M 834.43M 726.34M 781.11M
Income Tax Expense (Benefit) 127.99M 52.67M 19.39M 113.10M 115.82M 100.86M
Net Income (Loss) Attributable to Parent 428.47M 184.04M 89.83M 406.90M 393.29M 352.44M
Earnings Per Share, Basic $11.79 $5.02 $2.40 $10.82 $10.20 $9.02
Weighted Average Number of Shares Outstanding, Basic 36.34M 36.64M 37.42M 37.60M 38.57M 39.06M
Earnings Per Share, Diluted $11.79 $5.02 $2.40 $10.82 $10.20 $9.02
Weighted Average Number of Shares Outstanding, Diluted 36.34M 36.64M 37.42M 37.60M 38.57M 39.06M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 295.98M 194.52M 168.11M 118.15M 125.56M 121.25M
Assets 14.06B 13.78B 16.71B 19.36B 21.68B 22.65B
Long-term Debt 7.78B 8.31B 11.83B 14.64B 17.63B 19.32B
Liabilities 10.49B 10.48B 13.51B 16.17B 18.73B 20.02B
Stockholders' Equity Attributable to Parent 3.69B 3.35B 3.25B 3.20B 2.95B 2.63B

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 422.99M 662.89M 432.03M 683.06M 480.33M 349.10M
Payments to Acquire Property, Plant, and Equipment 26.24M 20.90M 74.05M 59.42M 58.95M 113.31M
Net Cash Provided by (Used in) Investing Activities 356.40M 2.41B 1.94B 2.27B 1.19B 621.22M
Payments for Repurchase of Common Stock 69.35M 83.29M 28.03M 97.69M 58.11M 73.36M
Net Cash Provided by (Used in) Financing Activities -737.14M -3.17B -2.70B -2.79B -1.43B -1.23B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NNI CIK 0001258602), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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