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
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Nelnet, Inc. (NNI) Free cash flow
Nelnet, Inc.'s free cash flow for fiscal 2025 was $396.7M, down 38.2% from $642.0M in fiscal 2024. Over the twelve months to 30 September 2026 it was $478.8M. Over the past ten years it has ranged from $145.9M (fiscal 2018) to $642.0M (fiscal 2024); the current reading is higher than 73% of that period. Nelnet, Inc. ranks 19th of 52 Credit Services companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $396.7M | (38.20%) |
| FY2024 | $642.0M | 79.34% |
| FY2023 | $358.0M | (42.60%) |
| FY2022 | $623.6M | 48.00% |
| FY2021 | $421.4M | 78.71% |
| FY2020 | $235.8M | 14.23% |
| FY2019 | $206.4M | 41.51% |
| FY2018 | $145.9M | (12.27%) |
| FY2017 | $166.3M | (28.52%) |
| FY2016 | $232.6M | (37.91%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $190.1M | 164.71% |
| Jun 2026 | $71.8M | 16.68% |
| Mar 2026 | $61.6M | (52.69%) |
| Dec 2025 | $130.1M | 362.32% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| OMF OneMain Holdings, Inc. compare | $3.2B |
| BFH Bread Financial Holdings, Inc. compare | $2.2B |
| ENVA Enova International, Inc. compare | $2.0B |
| CACC Credit Acceptance Corporation compare | $1.3B |
| FCFS FirstCash Holdings, Inc. compare | $518.2M |
| NNI Nelnet, Inc. | $478.8M |
| SEZL Sezzle Inc. compare | −$3.9M |
| SLM SLM Corporation compare | −$381.6M |
| KLAR Klarna Group plc compare | −$3.8B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- Net income
- EPS (diluted)
- Operating cash flow
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- Operating margin
- Net margin
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- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
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