InsiderClue
Stocks · Financials · Personal Credit Institutions

NELNET INC

NNI Clue Score51
United States Fiscal year ends December CIK 0001258602
$125.26 -0.56% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $125.26 +51.21% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2016Net income0.26Fiscal year 2017Net income0.17 −32.6%Fiscal year 2018Net income0.23 +31.6%Fiscal year 2019Net income0.14 −37.8%EPS, diluted3.54Fiscal year 2020Net income0.35 +148.5%EPS, diluted9.02 +154.8%Fiscal year 2021Net income0.39 +11.6%EPS, diluted10.20 +13.1%Fiscal year 2022Net income0.41 +3.5%EPS, diluted10.82 +6.1%Fiscal year 2023Net income0.09 −77.9%EPS, diluted2.40 −77.8%Fiscal year 2024Net income0.18 +104.9%EPS, diluted5.02 +109.2%Fiscal year 2025Net income0.43 +132.8%EPS, diluted11.79 +134.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 0.26 0.17 0.23 0.14 0.35 0.39 0.41 0.09 0.18 0.43
Growth −32.6% +31.6% −37.8% +148.5% +11.6% +3.5% −77.9% +104.9% +132.8%
EPS, diluted n/a n/a n/a 3.54 9.02 10.20 10.82 2.40 5.02 11.79
Growth +154.8% +13.1% +6.1% −77.8% +109.2% +134.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.30Capital expenditure−0.07Free cash flow0.23Buybacks−0.07Dividends paid−0.02Fiscal year 2017Operating cash flow0.32Capital expenditure−0.16Free cash flow0.17 −28.5%Buybacks−0.07Dividends paid−0.02Fiscal year 2018Operating cash flow0.27Capital expenditure−0.13Free cash flow0.15 −12.3%Buybacks−0.05Dividends paid−0.03Fiscal year 2019Operating cash flow0.30Capital expenditure−0.09Free cash flow0.21 +41.5%Buybacks−0.04Dividends paid−0.03Fiscal year 2020Operating cash flow0.35Capital expenditure−0.11Free cash flow0.24 +14.2%Buybacks−0.07Dividends paid−0.03Fiscal year 2021Operating cash flow0.48Capital expenditure−0.06Free cash flow0.42 +78.7%Buybacks−0.06Dividends paid−0.03Fiscal year 2022Operating cash flow0.68Capital expenditure−0.06Free cash flow0.62 +48.0%Buybacks−0.10Dividends paid−0.04Fiscal year 2023Operating cash flow0.43Capital expenditure−0.07Free cash flow0.36 −42.6%Buybacks−0.03Dividends paid−0.04Fiscal year 2024Operating cash flow0.66Capital expenditure−0.02Free cash flow0.64 +79.3%Buybacks−0.08Dividends paid−0.04Fiscal year 2025Operating cash flow0.42Capital expenditure−0.03Free cash flow0.40 −38.2%Buybacks−0.07Dividends paid−0.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.30 0.32 0.27 0.30 0.35 0.48 0.68 0.43 0.66 0.42
Capital expenditure −0.07 −0.16 −0.13 −0.09 −0.11 −0.06 −0.06 −0.07 −0.02 −0.03
Free cash flow 0.23 0.17 0.15 0.21 0.24 0.42 0.62 0.36 0.64 0.40
Growth −28.5% −12.3% +41.5% +14.2% +78.7% +48.0% −42.6% +79.3% −38.2%
Buybacks −0.07 −0.07 −0.05 −0.04 −0.07 −0.06 −0.10 −0.03 −0.08 −0.07
Dividends paid −0.02 −0.02 −0.03 −0.03 −0.03 −0.03 −0.04 −0.04 −0.04 −0.04

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.07Shareholders’ equity2.06Fiscal year 2017Cash0.07Shareholders’ equity2.15Fiscal year 2018Cash0.12Shareholders’ equity2.30Fiscal year 2019Cash0.13Total debt20.53Net cash (debt)−20.40Shareholders’ equity2.39Debt to equity8.60Fiscal year 2020Cash0.12Total debt19.32Net cash (debt)−19.20Shareholders’ equity2.63Debt to equity7.34Fiscal year 2021Cash0.13Total debt17.63Net cash (debt)−17.51Shareholders’ equity2.95Debt to equity5.97Fiscal year 2022Cash0.12Total debt14.64Net cash (debt)−14.52Shareholders’ equity3.20Debt to equity4.58Fiscal year 2023Cash0.17Total debt11.83Net cash (debt)−11.66Shareholders’ equity3.25Debt to equity3.64Fiscal year 2024Cash0.19Total debt8.31Net cash (debt)−8.12Shareholders’ equity3.35Debt to equity2.48Fiscal year 2025Cash0.30Total debt7.78Net cash (debt)−7.48Shareholders’ equity3.69Debt to equity2.11
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.07 0.07 0.12 0.13 0.12 0.13 0.12 0.17 0.19 0.30
Total debt n/a n/a n/a 20.53 19.32 17.63 14.64 11.83 8.31 7.78
Net cash (debt) n/a n/a n/a −20.40 −19.20 −17.51 −14.52 −11.66 −8.12 −7.48
Shareholders’ equity 2.06 2.15 2.30 2.39 2.63 2.95 3.20 3.25 3.35 3.69
Debt to equity n/a n/a n/a 8.60 7.34 5.97 4.58 3.64 2.48 2.11

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Spending
35.4% 28.6% 20.5% 20.1% 22.4% 23.1% 22.5% 28.2% 23.0% 23.0%
Returns
12.5% 8.1% 9.9% 5.9% 13.4% 13.3% 12.7% 2.8% 5.5% 11.6%
0.9% 0.7% 0.9% 0.6% 1.6% 1.8% 2.1% 0.5% 1.3% 3.0%
Balance and payout
n/a n/a n/a 8.60 7.34 5.97 4.58 3.64 2.48 2.11
92.4% 91.0% 90.8% 89.9% 88.4% 86.4% 83.6% 80.9% 76.1% 74.6%
8.3% 13.9% 11.8% 20.8% 9.0% 8.8% 9.0% 43.9% 22.2% 10.0%
38.8% 55.9% 49.5% 33.9% 44.6% 22.0% 21.5% 18.8% 19.3% 28.3%