Navient Corporation
NAVI Financial Credit Services
Navient Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, down 27.7% from fiscal 2024. In the quarter to June 2026, revenue fell 11.9%, EPS grew 92.9%, free cash flow grew 13.5% and total debt fell 5.25%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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Navient Corporation (NAVI) Piotroski F-score
Navient Corporation's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (3.00) |
| FY2024 | 6 | 0.00 |
| FY2023 | 6 | 1.00 |
| FY2022 | 5 | (2.00) |
| FY2021 | 7 | 1.00 |
| FY2020 | 6 | (2.00) |
| FY2019 | 8 | 1.00 |
| FY2018 | 7 | 2.00 |
| FY2017 | 5 | (1.00) |
| FY2016 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (0.16%) | 0.23% | Fail | 0 |
| Positive operating cash flow | 441.00m | 459.00m | Pass | 1 |
| Rising return on assets | (0.16%) | 0.23% | Fail | 0 |
| Cash flow above net income | 521.00m | 328.00m | Pass | 1 |
| Falling long-term leverage | 0.81 | 0.76 | Fail | 0 |
| Rising current ratio | 9.01 | 9.48 | Fail | 0 |
| No new shares issued | 99,000,000 | 109,000,000 | Pass | 1 |
| Rising gross margin | 19.07% | 26.03% | Fail | 0 |
| Rising asset turnover | 0.06 | 0.08 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| OPFI OppFi Inc. compare | 8 |
| WRLD World Acceptance Corporation compare | 7 |
| QFIN Qfin Holdings Inc. - Sponsored ADR compare | 6 |
| LU Lufax Holding Ltd. Sponsored ADR compare | 5 |
| PRAA PRA Group, Inc. compare | 5 |
| NAVI Navient Corporation | 3 |
| ATLC Atlanticus Holdings Corporation compare | 3 |
| GDOT Green Dot Corporation compare | 3 |
| JCAP Jefferson Capital, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover