Navient Corporation (NAVI) vs OppFi Inc. (OPFI)

Navient Corporation and OppFi Inc. are both Credit Services companies. Navient Corporation is the larger, with a market value of $872.2M against $531.7M — 1.6× the size. Navient Corporation has negative trailing earnings, so its P/E is not meaningful; OppFi Inc. trades at 1.9×. OppFi Inc. grew revenue faster over the last twelve months: 0.15% against −21.4%. OppFi Inc. has the higher net margin (28.0% vs −1.67%) and the higher return on invested capital (14.5% vs −0.11%). Across the 20 metrics below, OppFi Inc. leads on 15 and Navient Corporation on 5.

Valuation

Metric NAVI OPFI Credit Services median
P/E n/m 1.86 9.64
P/S 0.29 1.17 0.87
P/B 0.36 1.02 1.16
Price to free cash flow 2.52 1.10 2.99
EV/EBITDA n/m 3.34 9.58
EV/Sales 12.99 1.67 2.32
Earnings yield (5.37%) 53.66% 6.72%
Free cash flow yield 39.66% 90.78% 12.33%

Profitability

Metric NAVI OPFI Credit Services median
Gross margin 20.06% 86.11% 77.13%
Operating margin 0.00% 48.19% 0.34%
Net margin (1.67%) 27.98% 9.25%
Free cash flow margin 11.37% 105.86% 13.03%
Return on equity (2.02%) 32.19% 8.49%
Return on assets (0.10%) 14.09% 2.29%
Return on invested capital (0.11%) 14.52% 4.09%

Growth

Metric NAVI OPFI Credit Services median
Revenue growth (TTM) (21.43%) 0.15% 4.62%
EPS growth (last fiscal year) (168.64%) 175.00% —
Revenue growth, 5-year CAGR (3.01%) 13.74% 9.13%
Net income growth, 5-year CAGR 0.00% (19.42%) 0.00%

Health

Metric NAVI OPFI Credit Services median
Debt to equity 16.73 0.67 0.68
Current ratio 10.53 1.85 1.55
Net debt to EBITDA 0.00 1.06 0.13

Dividend

Metric NAVI OPFI Credit Services median
Dividend yield 3.97% — 3.34%
Payout ratio 0.21 0.00 0.00

Size

Metric NAVI OPFI Credit Services median
Market cap 872.19m 531.70m 872.19m

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