Nelnet (NNI) Financial Ratios: P/E, ROE & More

Nelnet (NNI) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Nelnet had a P/E ratio of 11.15 (down from 21.06), return on equity of 11.6% (up from 5.4%), debt-to-equity of 2.18 (down from 2.52) and a current ratio of 5.33 (down from 6.76). A current ratio of 5.33 means current assets exceed current liabilities. Its dividend yield was 0.89% with a payout ratio of 10.0%.

Nelnet Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.15	21.06	36.66	8.28	9.50	7.75
Forward P/E	17.13	19.67	15.67	14.40	12.44	6.26
P/S Ratio	2.86	2.86	2.81	2.23	2.75	2.47
P/B Ratio	1.34	1.18	1.03	1.05	1.26	1.04
Price/Tangible Book	1.37	1.23	1.08	1.14	1.35	1.13
Price/FCF	12.04	6.04	9.20	5.40	8.87	11.58
Price/OCF	11.29	5.85	7.62	4.93	7.78	7.82
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	11.59%	5.41%	1.54%	12.64%	13.84%	13.93%
Return on Assets (ROA)	2.86%	1.15%	0.27%	1.89%	1.74%	1.51%
Return on Invested Capital (ROIC)	3.69%	1.37%	0.47%	2.08%	1.91%	0.78%
Leverage & Solvency Ratios
Debt/Equity	2.18	2.52	3.70	4.58	5.98	7.36
Debt/FCF	19.65	12.96	33.09	23.50	41.88	82.02
Liquidity Ratios
Current Ratio	5.33	6.76	10.30	11.01	20.46	55.35
Quick Ratio	5.02	6.32	9.70	10.21	19.36	53.18
Efficiency Ratios
Asset Turnover	0.12	0.09	0.07	0.07	0.06	0.05
Yield & Distribution Ratios
Earnings Yield	8.97%	4.75%	2.73%	12.08%	10.53%	12.90%
FCF Yield	8.30%	16.56%	10.87%	18.52%	11.28%	8.63%
Dividend Yield	0.89%	1.05%	1.19%	1.08%	0.91%	1.22%
Payout Ratio	10.03%	22.19%	43.88%	9.00%	8.76%	9.02%
Buyback Yield	0.82%	2.07%	0.50%	2.51%	1.25%	2.47%
Total Return	1.72%	3.12%	1.69%	3.59%	2.16%	3.68%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nelnet Financial Ratios

What is Nelnet's P/E ratio?

Nelnet's P/E ratio was 11.15 for fiscal 2025 (period ended Dec 31, 2025). It was 21.06 a year earlier.

What is Nelnet's return on equity?

Nelnet's return on equity (ROE) was 11.6% for fiscal 2025 (period ended Dec 31, 2025). It was 5.4% a year earlier.

What is Nelnet's debt-to-equity ratio?

Nelnet's debt-to-equity ratio was 2.18 for fiscal 2025 (period ended Dec 31, 2025). It was 2.52 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition