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 QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Returns
Return on equity	11.7%+5.9pp	12.2%+6.6pp	12.5%+8.8pp	9.6%+4.6pp	5.7%+1.3pp
Return on assets	2.9%+1.6pp	3.1%+1.9pp	3.1%+2.3pp	2.3%+1.3pp	1.3%+0.4pp
Leverage
Debt-to-equity	2.1×-0.5×	2.1×-0.4×	2.1×-0.6×	2.2×-0.7×	2.5×-0.7×
Debt-to-assets	0.5×-0.1×	0.6×0.0×	0.6×-0.1×	0.6×-0.1×	0.6×-0.1×
Per Share
Book value per share	$103.43+10.3%	$101.42+10.9%	$100.60+11.4%	$97.98+8.6%	$93.74+5.4%
Valuation
Market capitalization	$4.63B+14.9%	$4.78B+23.3%	$4.54B+9.6%	$4.3B+14.8%	$4.03B+13.9%
Enterprise value	$12.09B-3.0%	$12.28B+2.3%	$12.14B-5.6%	$11.98B-9.0%	$12.46B-10.6%
Price / earnings	11.1×-9.7×	11.2×-9.9×	10.5×-23.8×	13.1×-10.0×	20.8×-3.5×
Price / book	1.2×+0.1×	1.3×+0.1×	1.2×0.0×	1.2×+0.1×	1.2×+0.1×
Free cash flow yield	8%-5.4pp	8.3%-8.3pp	10.2%-1.9pp	11.5%-2.0pp	13.4%+0.8pp
Earnings yield	9%+4.2pp	9%+4.2pp	9.6%+6.6pp	7.7%+3.3pp	4.8%+0.7pp
Dividend yield	1%0.0pp	0.9%-0.2pp	0.9%-0.1pp	0.9%-0.1pp	1%-0.1pp
PEG ratio	0.1×—	0.1×—	0×—	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

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.