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Friday 6 November 2026 Export NNI’s income statement to Excel — free account

Nelnet, Inc.

NNI Financial Credit Services

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

127.02 0.56 −0.44%
Market cap
$4.5B
P/E
16.8×
Fwd P/E
16.5×
Dividend yield
1.04%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Nelnet, Inc. (NNI) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Nelnet, Inc. (NNI) trades at a P/B ratio of 1.3×. Over the past ten years it has ranged from 0.6× (March 2020) to 1.4× (April 2026); the current reading is higher than 86% of that period. That is in line with the Credit Services industry median of 1.2× and in line with the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.4× 13.86%
FY2024 1.2× 15.42%
FY2023 1.0× (2.75%)
FY2022 1.1× (17.17%)
FY2021 1.3× 20.53%
FY2020 1.1× 8.54%
FY2019 1.0× 5.45%
FY2018 0.9× (12.35%)
FY2017 1.1× (0.60%)
FY2016 1.1× 31.43%

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.3× 2.44%
Mar 2026 1.3× (4.48%)
Dec 2025 1.4× 6.40%
Sep 2025 1.3× 0.05%
42 more quarters

Against its own ten years

Low 0.6× High 1.4×
Ten-year median 1.1×
Current reading's percentile 85

P/B ratio against peers

Company P/B ratio
BFH Bread Financial Holdings, Inc. compare 1.1×
NNI Nelnet, Inc. 1.3×
SLM SLM Corporation compare 1.6×
KLAR Klarna Group plc compare 1.9×
OMF OneMain Holdings, Inc. compare 1.9×
ENVA Enova International, Inc. compare 2.8×
FCFS FirstCash Holdings, Inc. compare 3.6×
CACC Credit Acceptance Corporation compare 3.9×
SEZL Sezzle Inc. compare 18.6×
Credit Services industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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