Nelnet NNI Net debt / EBITDA

Net debt / EBITDA at other companies

BlackbaudBLKB

0.9×—

Enova InternationalENVA

5.7×+0.1×

SoFi Technologies, Inc.SOFI

-0.9×-1.2×

Apollo Global ManagementAPO

-1.3×-285×

Onity GroupONIT

2.8×+0.2×

PennyMac Financial Services, Inc.PFSI

-0.1×0.0×

FAQ

What is Nelnet's net debt / EBITDA?

Nelnet (NNI) reported net debt / EBITDA of 6.5× in Q3 2025.

What is the long-term trend for Nelnet's net debt / EBITDA?

Over 3 years (2020 to 2024), Nelnet's net debt / EBITDA has grown at a -26.5% compound annual growth rate (CAGR), from 19.6× to 7.8×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.