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

Nelnet, Inc. (NNI) Return on invested capital

Alert me on Return on invested capital

Nelnet, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 0.00%, down 4.3 percentage points from fiscal 2025 (4.32%). Over the past ten years it has ranged from 0.51% (fiscal 2019) to 4.32% (fiscal 2025) — the current reading is the highest in ten years. That is below the Credit Services industry median of 4.56% and below the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 4.32% 2.61
FY2024 1.71% 1.19
FY2023 0.52% (1.73)
FY2022 2.25% 0.49
FY2021 1.76% 0.35
FY2020 1.41% 0.90
FY2019 0.51% (0.26)
FY2018 0.77% 0.14
FY2017 0.63% (0.35)
FY2016 0.98% 0.09

Against its own ten years

Low 0.51% High 4.32%
Ten-year median 0.98%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
SEZL Sezzle Inc. compare 49.8%
FCFS FirstCash Holdings, Inc. compare 9.40%
SLM SLM Corporation compare 8.72%
ENVA Enova International, Inc. compare 8.51%
CACC Credit Acceptance Corporation compare 7.81%
OMF OneMain Holdings, Inc. compare 2.29%
NNI Nelnet, Inc. 0.00%
BFH Bread Financial Holdings, Inc. compare 0.00%
KLAR Klarna Group plc compare 0.00%
Credit Services industry median 4.56%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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