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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

129.35 2.34 +1.84%
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/S ratio

Alert me on P/S ratio

As of 5 November 2026, Nelnet, Inc. (NNI) trades at a P/S ratio of 2.2×. Over the past ten years it has ranged from 0.9× (March 2020) to 2.5× (December 2021); the current reading is higher than 95% of that period. That is above the Credit Services industry median of 1.0× and in line with the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 2.1× 17.04%
FY2024 1.8× 13.19%
FY2023 1.6× (5.08%)
FY2022 1.7× (32.14%)
FY2021 2.5× 56.07%
FY2020 1.6× 22.74%
FY2019 1.3× 6.80%
FY2018 1.2× (32.91%)
FY2017 1.8× 6.88%
FY2016 1.7× 34.59%

Quarterly newest first

Period P/S ratio Change
Jun 2026 2.3× 10.85%
Mar 2026 2.1× (3.93%)
Dec 2025 2.1× 7.65%
Sep 2025 2.0× 1.16%
42 more quarters

Against its own ten years

Low 0.9× High 2.5×
Ten-year median 1.7×
Current reading's percentile 95

P/S ratio against peers

Company P/S ratio
BFH Bread Financial Holdings, Inc. compare 0.8×
OMF OneMain Holdings, Inc. compare 1.0×
SLM SLM Corporation compare 1.1×
ENVA Enova International, Inc. compare 1.2×
KLAR Klarna Group plc compare 1.3×
FCFS FirstCash Holdings, Inc. compare 1.9×
NNI Nelnet, Inc. 2.2×
CACC Credit Acceptance Corporation compare 2.3×
SEZL Sezzle Inc. compare 8.9×
Credit Services industry median 1.0×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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