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

130.00 2.99 +2.35%

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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

Nelnet, Inc. (NNI) Price to free cash flow

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As of 5 November 2026, Nelnet, Inc. (NNI) trades at a price to free cash flow of 12.3×. Over the past ten years it has ranged from 0.0× (June 2019) to 36.7× (July 2018); the current reading is higher than 76% of that period. That is above the Credit Services industry median of 2.5× and above the Financial sector median of 9.7×.

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<iframe src="https://stockrow.com/embed/NNI/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Nelnet, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NNI/metrics/price-to-free-cash-flow">Nelnet, Inc. (NNI) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	12.2×	99.77%
FY2024	6.1×	(33.65%)
FY2023	9.2×	69.42%
FY2022	5.4×	(39.35%)
FY2021	8.9×	(24.23%)
FY2020	11.8×	4.44%
FY2019	11.3×	(23.02%)
FY2018	14.7×	6.80%
FY2017	13.7×	45.39%
FY2016	9.5×	131.70%

Period	Price to free cash flow	Change
Jun 2026	16.5×	31.20%
Mar 2026	12.6×	3.10%
Dec 2025	12.2×	24.25%
Sep 2025	9.8×	1.52%
42 more quarters	Free account

Against its own ten years

Low 0.0× High 36.7×

Ten-year median 8.9×

Current reading's percentile 76

Company	Price to free cash flow
SLM SLM Corporation compare	n/m
KLAR Klarna Group plc compare	n/m
BFH Bread Financial Holdings, Inc. compare	1.8×
OMF OneMain Holdings, Inc. compare	2.0×
ENVA Enova International, Inc. compare	2.2×
CACC Credit Acceptance Corporation compare	4.3×
NNI Nelnet, Inc.	12.3×
FCFS FirstCash Holdings, Inc. compare	15.6×
SEZL Sezzle Inc. compare	19.0×
Credit Services industry median	2.5×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Nelnet, Inc. (NNI) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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