Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 2 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
NNI Financial Services
Nelnet, Inc.
$122.54-1.39%
Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
- Sector
- Financial Services
- Industry
- Credit Services
- Country
- United States
- Market cap
- 4.4B USD
- Full-time employees
- 5,744
Growth
Is it growing?31/100
Weak▼ 1 since Oct 27 close
3/3 inputs reported · High confidence
Since last quarter: No major change
Why it changed since the Oct 27, 2026 close: Score 32 → 31
- Peer companies moved-1
Why
Compare with peers Weaker than most peers on:
- ▼ 3-yr revenue
- ▼ EPS growth
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth-7.1%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.62Sector median: 0.0999 · MAD: 0.27733-year revenue growth-0.9%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score -1.26Sector median: 0.0999 · MAD: 0.0858Revenue growth15.9%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score 0.57Sector median: 0.0742 · MAD: 0.1477Profitability
Does it earn well?29/100
Weak
2/3 inputs reported · Partial data
Since last quarter: No major change
Why
Compare with peers Weaker than most peers on:
- ▼ ROIC
Behind the score
Return on invested capital, operating margin, and return on assets.
Operating marginUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.2353 · MAD: 0.1462Return on assets2.1%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.19Sector median: 0.0256 · MAD: 0.0233Return on invested capital2.3%
Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -0.78Sector median: 0.0630 · MAD: 0.0518Other data (not scored)
Gross marginUnavailable
Missing · left out of the scoreInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122Return on equity8.0%
SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702Risk
Debt, liquidity, price swingsModerate
Moderate relative risk
3/3 inputs reported · High confidence
Since last quarter: No major change
Why it changed since the Oct 27, 2026 close: Safety percentile 39 → 37
- Peer companies moved-2
Why
Compare with peers Mixed versus peers:
- ▲ Current ratio
- ▼ Debt / equity
Behind the score
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Beta0.76
Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.20Sector median: 0.7010 · MAD: 0.3115Current ratio3.63×
Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 1.29Sector median: 2.0250 · MAD: 1.2470Debt / equity1.87×
SEC filings · latest balance sheetReported value33% base weight · Z-score -2.37Sector median: 0.5734 · MAD: 0.5454Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Nelnet
- Is Nelnet getting weaker?
- Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 32/100, down 1 since Oct 28, 2026.
- How is Nelnet valued vs its peers?
- Insufficient data: 1 of 2 inputs reported (at least 2 needed).
- Is Nelnet growing?
- More slowly than most of its peers. Growth scores 31/100 against 432 financial services peers. Revenue growth 15.9% vs a peer median of 7.4% (stronger than 65% of peers).Revenue growth 15.9% vs peers 7.4% (stronger than 65% of peers). 3-year revenue growth -0.9% vs a peer median of 10.0% (weaker than 81% of peers).3-year revenue growth -0.9% vs peers 10.0% (weaker than 81% of peers).
- How profitable is Nelnet?
- Less profitable than most of its peers. Profitability scores 29/100 against 432 financial services peers. Return on invested capital 2.3% vs a peer median of 6.3% (weaker than 73% of peers).Return on invested capital 2.3% vs peers 6.3% (weaker than 73% of peers).
- How risky is Nelnet?
- Moderate risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 3.63× vs a peer median of 2.02× (stronger than 66% of peers).Current ratio 3.63× vs peers 2.02× (stronger than 66% of peers). Debt / equity 1.87× vs a peer median of 0.57× (weaker than 75% of peers).Debt / equity 1.87× vs peers 0.57× (weaker than 75% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Dec 31, 2017 · filed Aug 6, 2026 · compared with the quarter ended Sep 30, 2017No major changes
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Revenue (12 months) | 0 USD | 0 USD | — |
| Net income (12 months) | 223.4M USD | 302.2M USD | +35.3% |
| Free cash flow (12 months) | 169.3M USD | 364.0M USD | +115.0% |
| Debt | 22.2B USD | 7.0B USD | −68.3% |
| Cash | 254.4M USD | 172.4M USD | −32.2% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Financial Services · 98 companiesValuations in Financial Services are above their usual range since 2016.
- 67% of months since 2016 were valued lower than now.
- 32% of companies are in the most expensive fifth of their own price-to-sales history.
- Over 24 months, company values +7% and earnings +21% (medians): prices and earnings moved broadly together.
- Median price-to-sales is +30% vs the whole market, against a usual +47%.
Shown for Financial Services: too few Credit Services companies have a long enough history of their own.
Financials
Fiscal years from SEC annual filings · change vs the prior year| Key ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|---|
| Return on assets (ROA) | 1.8% | 2.1% | 0.5% | 1.3% | 3.0% | ▲ 1.7 pts |
| Return on equity (ROE) | 13.3% | 12.7% | 2.8% | 5.5% | 11.6% | ▲ 6.1 pts |
| Debt to equity | 5.97× | 4.58× | 3.64× | 2.48× | 2.11× | ▼ 15% |
NNI price history
Price history is added with the daily price update and will appear after the next one.