Where do Nelnet's ratios come from?

Every ratio is computed from Nelnet's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Nelnet NNI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Returns
Return on equity	12.2%+6.6pp	5.6%+2.5pp	3%-10.2pp	13.2%-0.9pp
Return on assets	3.1%+1.9pp	1.2%+0.7pp	0.5%-1.4pp	2%+0.2pp
Leverage
Debt-to-equity	2.1×-0.4×	2.5×-1.2×	3.6×-0.9×	4.6×-1.4×
Debt-to-assets	0.6×0.0×	0.6×-0.1×	0.7×0.0×	0.8×-0.1×
Per Share
Book value per share	$101.42+10.9%	$91.42+5.1%	$86.96+2.2%	$85.07+11.2%
Valuation
Market capitalization	$4.78B+23.3%	$3.88B+17.6%	$3.3B-2.1%	$3.37B-9.8%
Enterprise value	$12.28B+2.3%	$12B-19.8%	$14.97B-16.4%	$17.9B-15.8%
Price / earnings	11.2×-9.9×	21.1×-12.5×	33.5×+25.3×	8.3×-1.2×
Price / book	1.3×+0.1×	1.2×+0.1×	1×0.0×	1.1×-0.2×
Free cash flow yield	8.3%-8.3pp	16.6%+5.7pp	10.9%-7.7pp	18.5%+7.2pp
Earnings yield	9%+4.2pp	4.7%+1.8pp	3%-9.1pp	12.1%+1.6pp
Dividend yield	0.9%-0.2pp	1.1%-0.1pp	1.2%+0.1pp	1.1%+0.2pp
PEG ratio	0.1×-0.2×	0.2×—	——	2.4×+1.6×

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Questions, answered.

Where do Nelnet's ratios come from?: Every ratio is computed from Nelnet's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.