Nelnet, Inc. NNI
- Market cap
- $4.5B
- P/E
- 14.9×
Follow NNI
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.80 | 38.72 | 47.59 | 51.19 | 36.70 | 67.93 | 72.94 | 81.67 | 82.22 | 98.15 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 55.01 | 59.68 | 64.00 | 69.97 | 73.92 | 99.79 | 99.49 | 101.60 | 127.32 | 140.87 |
High Price
|
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| 3,700 | 4,300 | 6,200 | 6,600 | 6,199 | 7,988 | 8,237 | 7,550 | 6,739 | 5,744 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 1,285 | 1,249 | 1,745 | 1,780 | 1,730 | 1,501 | 1,985 | 2,034 | 2,138 | 2,256 |
Revenue
|
|||
| 69.79% | 62.77% | 61.61% | 60.71% | 80.92% | 88.26% | 78.33% | 58.45% | 68.18% | 77.97% |
Gross Margin
|
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| 399 | 227 | 286 | 177 | 450 | 502 | 502 | 69 | 229 | 526 |
EBT
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| 31.04% | 18.14% | 16.41% | 9.93% | 26.04% | 33.45% | 25.28% | 3.38% | 10.69% | 23.33% |
EBT Margin
|
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| 258 | 162 | 228 | 141 | 350 | 386 | 389 | 49 | 176 | 398 |
Net Income
|
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| 123 | 138 | 185 | 193 | 198 | 132 | 176 | 145 | 133 | 91 |
Depreciation
|
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| 30.11 | 29.90 | 42.66 | 44.45 | 44.29 | 38.91 | 52.80 | 54.36 | 58.36 | 62.07 |
Revenue/Sh
|
|||
| 6.02 | 4.14 | 5.57 | 3.54 | 9.02 | 10.20 | 10.83 | 2.45 | 5.02 | 11.79 |
Earnings/Sh
|
|||
| 7.04 | 7.71 | 6.62 | 7.46 | 8.94 | 12.45 | 18.17 | 11.55 | 18.09 | 11.64 |
Cash Flow/Sh
|
|||
| (1.58) | (3.73) | (3.06) | (2.31) | (2.90) | (1.53) | (1.58) | (1.98) | (0.57) | (0.72) |
Capex/Sh
|
|||
| 5.45 | 3.98 | 3.57 | 5.15 | 6.04 | 10.92 | 16.58 | 9.57 | 17.52 | 10.92 |
Free CF/Sh
|
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| 48.53 | 51.81 | 56.58 | 59.71 | 67.29 | 76.55 | 85.10 | 85.53 | 90.04 | 98.43 |
Book Value/Sh
|
|||
| 43 | 42 | 41 | 40 | 39 | 39 | 38 | 37 | 37 | 36 |
Shares
|
|||
| 8.56 | 13.21 | 9.40 | 16.50 | 7.78 | 9.58 | 8.33 | 36.02 | 21.36 | 11.30 |
PE Ratio
|
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| 1.71 | 1.83 | 1.23 | 1.31 | 1.61 | 2.51 | 1.70 | 1.62 | 1.83 | 2.14 |
PS Ratio
|
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| 1.06 | 1.06 | 0.93 | 0.98 | 1.06 | 1.28 | 1.06 | 1.03 | 1.19 | 1.35 |
PB Ratio
|
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| 19.80 | 17.97 | 13.13 | 12.02 | 11.65 | 12.40 | 7.33 | 6.01 | 4.25 | 4.12 |
EV/Sales
|
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| 109.39 | 135.08 | 157.11 | 103.63 | 85.47 | 44.18 | 23.33 | 34.16 | 14.16 | 23.42 |
EV/FCF
|
|||
| 300 | 322 | 271 | 299 | 349 | 480 | 683 | 432 | 663 | 423 |
Op' Cash Flow
|
|||
| (68) | (156) | (125) | (92) | (113) | (59) | (59) | (74) | (21) | (26) |
Capex
|
|||
| 233 | 166 | 146 | 206 | 236 | 421 | 624 | 358 | 642 | 397 |
FCF
|
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| 26,718 | 23,415 | 24,496 | 22,941 | 22,185 | 21,277 | 18,872 | 16,159 | 13,263 | 13,501 |
Working Cap'
|
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| 24,668 | 21,357 | 22,219 | 20,529 | 19,321 | 17,631 | 14,637 | 11,828 | 8,310 | 7,781 |
Total Debt
|
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| 23,244 | 20,174 | 20,777 | 19,059 | 17,369 | 14,848 | 11,168 | 8,938 | 5,178 | 4,459 |
Net Debt
|
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| 2,071 | 2,165 | 2,315 | 2,391 | 2,628 | 2,953 | 3,200 | 3,200 | 3,299 | 3,577 |
Sh' Equity
|
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| 0.89% | 0.68% | 0.93% | 0.58% | 1.52% | 1.77% | 1.98% | 0.50% | 1.21% | 3.08% |
ROA
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| 0.98% | 0.63% | 0.77% | 0.51% | 1.41% | 1.76% | 2.25% | 0.52% | 1.71% | 4.32% |
ROIC
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| 12.96% | 8.18% | 10.17% | 6.03% | 14.04% | 14.09% | 13.23% | 2.81% | 5.66% | 12.46% |
ROE
|
|||
Nelnet, Inc. peers in Credit Services
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SLM SLM Corporation | $4.3B | 6.5× | Compare |
| ENVA Enova International, Inc. | $4.3B | 12.1× | Compare |
| KLAR Klarna Group plc | $4.9B | 0.0× | Compare |
| BFH Bread Financial Holdings, Inc. | $3.9B | 8.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SEZL Sezzle Inc. | $3.8B | 23.6× | Compare |
| CACC Credit Acceptance Corporation | $5.7B | 12.0× | Compare |
| OMF OneMain Holdings, Inc. | $6.5B | 8.6× | Compare |
| UPST Upstart Holdings, Inc. | $2.4B | 38.4× | Compare |
Nelnet, Inc. (NNI) key facts
- Nelnet, Inc. (NNI) is a Credit Services company in the Financial sector, listed on the New York Stock Exchange.
- Nelnet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 5.49% from fiscal 2024.
- Net income was $398.3 million, or $11.79 per share (basic), a net margin of 19.0%.
- As of September 25, 2026, NNI traded at $124.34, a market capitalization of $4.5 billion.
- At that price the stock trades at 14.9× trailing-twelve-month earnings and 2.1× sales.
- Nelnet, Inc. pays an annual dividend of $1.04 per share, a yield of 1.20%, with a payout ratio of 20.0%.
- Return on equity was 12.5% and debt-to-equity 1.94.
Nelnet, Inc. (NNI) Latest News
19 Aug
Nelnet Campus Commerce and PayPal launch digital wallet payments for higher education tuition. PayPal integration expands Nelnet payment options in education but remains an incremental update rather than a major strategic shift.
6 Aug
Nelnet, Inc. (NNI) released its second quarter 2026 financial results. Quarterly results can moderately affect near-term investor views on financial performance.
29 Jun
Nelnet Bank launches support options for graduate students encountering new borrowing restrictions. Targeted expansion in graduate lending may lift Nelnet revenue and education-finance positioning.
7 May
Nelnet, Inc. (NNI) reported first quarter 2026 results, highlighting financial performance across its operating segments. Quarterly earnings releases significantly influence financial metrics, investor sentiment, and stock price trajectory.
Nelnet (NYSE:NNI) missed Q1 CY2026 revenue estimates. Missing quarterly revenue estimates affects financial performance and investor sentiment moderately.
30 Apr
Nelnet Business Services acquires Passtab Safety and Compliance Platform. Acquisition bolsters Nelnet's compliance capabilities in business services, moderately enhancing operational efficiency and competitive positioning.
Nelnet Business Services acquires Passtab Safety and Compliance Platform. Acquisition strengthens compliance capabilities in Nelnet's business services segment, influencing operations and competitive positioning moderately.
16 Apr
Nelnet secures a new US$435 million credit facility, enhancing liquidity and financial flexibility while potentially boosting its valuation through improved access to capital for operations and growth. A $435m credit facility represents a major strategic financing move that significantly bolsters Nelnet's liquidity, balance sheet strength, and investor perception of future performance.
19 Mar
Nelnet (NNI) stands out as an ideal pick for bottom fishers, driven by undervaluation, strong fundamentals, operational resilience, and potential for significant upside amid market recovery. Bullish investment thesis on undervaluation moderately lifts market sentiment and short-term investor interest without altering core trajectory.
26 Feb
Nelnet, Inc. (NNI) released its Q4 earnings snapshot. Q4 earnings snapshots reveal key financial metrics that significantly influence investor sentiment and stock trajectory.
Nelnet (NYSE:NNI) Q4 CY2025 sales exceeded estimates. Q4 CY2025 sales topping estimates signals strong financial results likely to boost stock price and investor sentiment significantly.
Nelnet, Inc. reported fourth quarter 2025 results. Quarterly earnings reports reveal financial performance that significantly influences stock price and future trajectory.
9 Feb
Nelnet, Inc. (NNI) is highlighted as a stable investment option amid a market filled with underperforming stocks. The company is recognized for its consistent performance and potential for steady growth, making it a noteworthy choice for investors seeking reliability. In contrast, two other stocks mentioned are deemed less impressive, lacking the same level of stability or growth prospects. Overall, NNI stands out as a safe and dependable investment in a fluctuating market. Nelnet's consistent performance suggests a moderate influence on its financial stability and market positioning.
30 Jan
Nelnet, Inc. (NNI) has affirmed its dividend, signaling confidence in its financial stability. The company is expected to experience growth in earnings per share (EPS) driven by strategic initiatives and market conditions. Analysts are assessing the valuation of NNI in light of these developments, considering both current performance and future growth potential. The affirmation of dividends and anticipated EPS growth indicate significant strategic moves that could alter the company's trajectory.
28 Jan
Nelnet, Inc. (NNI) is highlighted as a strong investment option for long-term investors due to its consistent profitability and strategic positioning in the education finance sector. The company has shown resilience and adaptability in a changing market, making it a favorable choice for those seeking stable returns. Analysts emphasize its solid financial performance and growth potential, suggesting that NNI is well-equipped to navigate future challenges and capitalize on opportunities in the education space. Nelnet's strategic positioning and consistent profitability indicate significant potential for future growth and market performance.
26 Jan
Nelnet, Inc. (NNI) has been identified as a strong buy stock for January 26th, indicating positive market sentiment and potential for growth. Analysts suggest that NNI's recent performance and strategic positioning make it an attractive investment opportunity. The company's fundamentals and market trends are aligning favorably, prompting this recommendation. Positive market sentiment and strategic positioning suggest significant potential for future growth and performance.
Nelnet, Inc. (NNI) has been identified as one of the best value stocks to buy as of January 26th. The company is recognized for its strong fundamentals and potential for growth, making it an attractive option for investors looking for value opportunities in the current market environment. Nelnet's recognition as a value stock suggests a moderately noticeable influence on its market performance.
25 Jan
Nelnet, Inc. (NNI) is highlighted as a noteworthy stock within the Russell 2000 index, suggesting potential for growth and investment interest. The article contrasts NNI with two other stocks that are deemed less promising, emphasizing NNI's favorable position in the market. Investors are encouraged to consider NNI for its strong fundamentals and growth prospects, while the other two stocks are brushed off due to their lack of compelling attributes. Nelnet's strong fundamentals and growth potential indicate significant impact on its future performance.
16 Jan
Nelnet, Inc. (NNI) is experiencing mixed short-term signals in its share returns, prompting an assessment of its valuation. Analysts are evaluating the company's financial performance and market position amidst fluctuating stock prices. The current market dynamics and investor sentiment are influencing perceptions of NNI's future prospects. Mixed short-term signals indicate a moderately noticeable influence on Nelnet's financial performance and market positioning.
15 Jan
Nelnet, Inc. announced the retirement of President Tim Tewes, effective immediately. Tewes has been with the company for over 20 years, contributing significantly to its growth and development. The company has not yet named a successor, and the leadership transition is expected to be smooth, with the executive team continuing to drive the company's strategic initiatives. Leadership changes can moderately influence company operations and market sentiment.
8 Jan
Nelnet, Inc. (NNI) is highlighted as an undervalued stock with potential for growth, particularly due to its focus on education financing and expanding services. Despite its strong fundamentals, the stock has been overlooked by investors, presenting a buying opportunity. The article contrasts NNI with two other stocks that are underperforming, suggesting that NNI's unique position and strategic initiatives could lead to a positive turnaround in market perception and performance. Nelnet's strategic focus on education financing and service expansion could significantly enhance its market position and investor sentiment.
28 Dec
Nelnet, Inc. (NNI) is highlighted as a strong financial stock for long-term investors, suggesting its potential for growth and stability. In contrast, two other stocks are identified as risky, indicating concerns about their future performance and market positioning. Investors are advised to consider these insights when making investment decisions. Nelnet's strong positioning in the financial sector suggests significant potential for future growth and investor interest.
17 Dec
Nelnet, Inc. (NNI) has experienced a strong multi-year share price run, prompting a reassessment of its valuation. Analysts are evaluating the sustainability of this growth and potential future performance, considering factors such as market conditions and company fundamentals. The discussion includes insights on how recent trends may influence investor sentiment and the company's strategic direction moving forward. The reassessment of valuation indicates a moderately noticeable influence on Nelnet's financial performance and market positioning.
15 Dec
Nelnet, Inc. (NNI) is highlighted as one of three market-beating stocks to consider for long-term investment. The company is recognized for its strong fundamentals and growth potential, particularly in the education finance sector. Analysts suggest that NNI's strategic initiatives and market positioning make it a compelling choice for investors looking for stability and growth over decades. Nelnet's strategic initiatives and market positioning are expected to significantly influence its future performance and investor sentiment.
11 Dec
Nelnet, Inc. (NNI) is highlighted as a momentum stock worth buying, indicating strong potential for growth. In contrast, two other stocks are noted for underwhelming performance, suggesting they may not be good investment choices at this time. The analysis emphasizes NNI's favorable market position and prospects compared to its peers. Nelnet's strong market position and momentum suggest significant potential for future growth and investor interest.
7 Dec
Nelnet, Inc. (NNI) is highlighted as a profitable stock with solid fundamentals, showcasing strong financial performance and growth potential. The article emphasizes its effective management and strategic positioning in the education finance sector. However, it also identifies another stock to avoid, suggesting caution for investors considering their options in the market. Overall, NNI is presented as a favorable investment choice based on its current metrics and outlook. Nelnet's strong fundamentals and strategic positioning indicate significant potential for future growth and market performance.
24 Nov
Nelnet, Inc. (NNI) is predicted to outperform SoundHound AI in the next five years, driven by its strategic initiatives and market positioning. Analysts highlight NNI's strong fundamentals and growth potential, suggesting it will capitalize on emerging opportunities in the education finance sector. The company's focus on innovation and expansion is expected to enhance its competitive edge, making it a favorable investment compared to SoundHound AI. Significant strategic initiatives and market positioning are expected to alter Nelnet's trajectory positively.
23 Nov
Nelnet, Inc. (NNI) has seen its shares increase nearly 21% year-to-date, reflecting positive market sentiment and potential growth in the company's operations. Analysts are assessing the valuation of Nelnet, considering factors such as its financial performance and strategic initiatives. The company's focus on expanding its services and adapting to market changes may contribute to its upward trajectory in the coming months. The share price increase indicates moderate investor confidence, but broader market conditions and competitive factors may limit the overall impact on future performance.
20 Nov
MARS Energy Group has acquired Nelnet Renewable Energy, enhancing its national commercial solar capabilities. This acquisition is expected to strengthen MARS's position in the renewable energy sector and expand its service offerings in solar energy solutions. The acquisition significantly enhances MARS Energy Group's capabilities in the renewable energy market, which could impact Nelnet's competitive positioning and market dynamics.
18 Nov
Nelnet, Inc. (NNI) has shown resilience in the consumer finance sector during Q3, outperforming several peers amid a challenging economic landscape. The company reported solid financial results, driven by strategic initiatives and a focus on customer service. Key metrics indicate growth in loan originations and a stable portfolio performance, positioning Nelnet favorably against competitors. Market analysts remain optimistic about NNI's future prospects, citing its adaptability and commitment to innovation as critical factors for sustained success. Strong financial results and strategic initiatives indicate significant potential for future growth and market positioning.