stockrowNelnet, Inc.
Nelnet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 5.49% from fiscal 2024.
- Revenue
- −23.0%
- EPS
- −27.6%
- Free cash flow
- +575.6%
- Total debt
- −13.5%
Quarter to September 2026, against a year earlier
Follow NNI
Alert me
Nelnet, Inc. (NNI) Debt to equity
Nelnet, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 1.9×, down 0.3× from fiscal 2025 (2.2×). Over the past ten years it has ranged from 2.2× (fiscal 2025) to 14.9× (fiscal 2015) — the current reading is the lowest in ten years. That is above the Credit Services industry median of 0.7× and above the Financial sector median of 0.2×.
Debt to equity, annual
Embed this chart
Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 2.2× | (13.65%) |
| FY2024 | 2.5× | (31.85%) |
| FY2023 | 3.7× | (19.20%) |
| FY2022 | 4.6× | (23.39%) |
| FY2021 | 6.0× | (18.77%) |
| FY2020 | 7.4× | (14.38%) |
| FY2019 | 8.6× | (10.55%) |
| FY2018 | 9.6× | (2.68%) |
| FY2017 | 9.9× | (17.20%) |
| FY2016 | 11.9× | (19.81%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.9× | (3.30%) |
| Jun 2026 | 1.9× | (9.26%) |
| Mar 2026 | 2.1× | (1.83%) |
| Dec 2025 | 2.2× | (0.27%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| KLAR Klarna Group plc compare | 0.0× |
| SEZL Sezzle Inc. compare | 0.4× |
| BFH Bread Financial Holdings, Inc. compare | 0.9× |
| FCFS FirstCash Holdings, Inc. compare | 1.1× |
| NNI Nelnet, Inc. | 1.9× |
| SLM SLM Corporation compare | 2.5× |
| ENVA Enova International, Inc. compare | 3.4× |
| CACC Credit Acceptance Corporation compare | 4.8× |
| OMF OneMain Holdings, Inc. compare | 7.1× |
| Credit Services industry median | 0.7× |
| Financial sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on NNI
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement