Nelnet Financial Statements From 2010 to 2024

NNI Stock  USD 108.92  0.16  0.15%   
Nelnet financial statements provide useful quarterly and yearly information to potential Nelnet Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Nelnet financial statements helps investors assess Nelnet's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Nelnet's valuation are summarized below:
Gross Profit
1.3 B
Profit Margin
0.091
Market Capitalization
3.9 B
Enterprise Value Revenue
11.0902
Revenue
1.3 B
We have found one hundred twenty available fundamental ratios for Nelnet, which can be analyzed and compared to other ratios and to its peers in the industry. Traders should compare all of Nelnet last-minute fundamentals against the fundamentals between 2010 and 2024 to make sure the company is sustainable this year. The Nelnet's current Market Cap is estimated to increase to about 3.5 B. The Nelnet's current Enterprise Value is estimated to increase to about 18.1 B

Nelnet Total Revenue

780.79 Million

Check Nelnet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nelnet's main balance sheet or income statement drivers, such as Depreciation And Amortization of 75.2 M, Interest Expense of 508.4 M or Total Revenue of 780.8 M, as well as many indicators such as Price To Sales Ratio of 3.44, Dividend Yield of 0.0151 or PTB Ratio of 0.96. Nelnet financial statements analysis is a perfect complement when working with Nelnet Valuation or Volatility modules.
  
Check out the analysis of Nelnet Correlation against competitors.

Nelnet Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets24.2 B16.7 B23.3 B
Very volatile
Short and Long Term Debt Total22.2 B11.6 B20.8 B
Pretty Stable
Total Stockholder Equity3.4 B3.3 B2.1 B
Slightly volatile
Net Debt21.7 B11.5 B20.1 B
Pretty Stable
Cash159.7 M168.1 M497.5 M
Slightly volatile
Other Assets20 B14.5 B18.2 B
Very volatile
Cash And Short Term Investments1.1 BB681.6 M
Slightly volatile
Common Stock Shares Outstanding36.2 M37.4 M41.8 M
Slightly volatile
Liabilities And Stockholders Equity24.2 B16.7 B23.3 B
Very volatile
Non Current Liabilities Total21.6 B13.5 B19.9 B
Pretty Stable
Total Liabilities22.7 B13.5 B21.3 B
Pretty Stable
Total Current Assets974.2 MBB
Slightly volatile
Other Liabilities259.6 M505.6 M270 M
Slightly volatile
Retained Earnings3.4 B3.3 B2.1 B
Slightly volatile
Long Term Debt9.6 B10.2 B8.1 B
Slightly volatile
Short Term Investments482.2 M857.4 M429.8 M
Slightly volatile
Intangible Assets57.6 M44.8 M48.1 M
Slightly volatile
Common Stock363.3 K371 K416.8 K
Slightly volatile
Property Plant Equipment100 M158 M129.3 M
Slightly volatile
Property Plant And Equipment Net109.1 M140.6 M132.3 M
Slightly volatile
Accounts Payable35.6 M35.4 M32.3 M
Slightly volatile
Non Current Assets Total2.3 B1.2 B3.1 B
Slightly volatile
Net Receivables1.2 B1.1 B1.5 B
Slightly volatile
Good Will142.6 M158 M132.5 M
Slightly volatile
Common Stock Total Equity370.2 K341.1 K415.8 K
Slightly volatile
Property Plant And Equipment Gross399.8 M380.8 M193.8 M
Slightly volatile
Short Term Debt211.6 M222.7 M2.2 B
Very volatile
Net Tangible Assets2.1 B3.4 B1.9 B
Slightly volatile
Retained Earnings Total Equity2.2 B3.4 B2.1 B
Slightly volatile
Long Term Debt Total8.7 B16.8 BB
Slightly volatile
Capital Surpluse948.2 K998.1 K12.6 M
Slightly volatile
Long Term Investments1.8 B1.7 B718.8 M
Slightly volatile
Short and Long Term Debt1.4 B1.4 B13.2 B
Slightly volatile
Cash And Equivalents118.9 M135.9 M95.3 M
Slightly volatile
Net Invested Capital16.7 B14.9 B21.8 B
Slightly volatile
Capital Stock307.6 K371 K389.2 K
Slightly volatile
Capital Lease Obligations13.9 M14.3 M17.7 M
Slightly volatile

Nelnet Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue780.8 M1.2 B870.6 M
Slightly volatile
Gross Profit517.9 M585 M540.4 M
Slightly volatile
Other Operating Expenses654.4 M600.6 M694.1 M
Slightly volatile
EBITDA864.1 MB768.5 M
Slightly volatile
Income Before Tax70.5 M74.2 M310.3 M
Very volatile
Net Income87 M91.5 M226.4 M
Pretty Stable
Income Tax Expense18.8 M19.8 M90.6 M
Slightly volatile
Selling General Administrative301.7 M591.5 M338 M
Slightly volatile
Cost Of Revenue314.3 M591.5 M345 M
Slightly volatile
Net Income Applicable To Common Shares482.5 M459.5 M277 M
Slightly volatile
Selling And Marketing Expenses12.2 M12.8 M11.3 M
Slightly volatile
Net Income From Continuing Ops106.7 M112.3 M240.6 M
Very volatile
Non Recurring2.2 M2.5 M2.7 M
Slightly volatile
Tax Provision33.2 M34.9 M107.5 M
Slightly volatile
Net Interest Income240.7 M275.9 M325.6 M
Slightly volatile
Interest Income878.3 M1.1 B788.7 M
Pretty Stable
Reconciled Depreciation127 M191.3 M146.9 M
Pretty Stable

Nelnet Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Capital Expenditures47.5 M74.1 M59 M
Slightly volatile
Total Cash From Operating Activities327.2 M433 M343.5 M
Slightly volatile
Net Income51.7 M54.4 M219.9 M
Very volatile
End Period Cash Flow1.1 BB571.1 M
Slightly volatile
Free Cash Flow288.6 M358.9 M288.1 M
Pretty Stable
Begin Period Cash Flow1.4 B1.4 B603.2 M
Slightly volatile
Other Cashflows From Financing Activities197.1 M207.4 M2.4 B
Slightly volatile
Depreciation148.6 M145.4 M135.5 M
Slightly volatile
Dividends Paid37.4 M39.4 M28.3 M
Slightly volatile
Issuance Of Capital Stock1.7 M1.7 M1.5 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.442.80553.2666
Slightly volatile
Dividend Yield0.01510.01190.0134
Pretty Stable
PTB Ratio0.961.01172.1038
Slightly volatile
Days Sales Outstanding64.0967.46168
Slightly volatile
Book Value Per Share90.4186.109252.3677
Slightly volatile
Free Cash Flow Yield0.190.10870.1422
Slightly volatile
Operating Cash Flow Per Share12.1511.57178.6561
Slightly volatile
Stock Based Compensation To Revenue0.01470.0140.0077
Slightly volatile
Capex To Depreciation0.530.50930.4168
Slightly volatile
PB Ratio0.961.01172.1038
Slightly volatile
EV To Sales11.9112.53929.3878
Slightly volatile
Free Cash Flow Per Share10.079.59267.1191
Slightly volatile
Inventory Turnover0.190.220.2244
Very volatile
Net Income Per Share3.222.44635.5183
Slightly volatile
Days Of Inventory On Hand1.7 K1.7 K1.6 K
Slightly volatile
Payables Turnover11.2816.714316.7146
Slightly volatile
Sales General And Administrative To Revenue0.30.50280.3867
Pretty Stable
Research And Ddevelopement To Revenue0.00250.00248.0E-4
Slightly volatile
Capex To Revenue0.04420.06290.0655
Pretty Stable
Cash Per Share28.7827.407423.9874
Slightly volatile
POCF Ratio5.147.62386.6794
Slightly volatile
Payout Ratio0.450.43070.1606
Slightly volatile
Capex To Operating Cash Flow0.130.1710.2022
Pretty Stable
PFCF Ratio7.299.196710.3693
Pretty Stable
Days Payables Outstanding20.7521.837549.7132
Slightly volatile
Income Quality8.357.9542.3917
Slightly volatile
ROE0.02670.02810.118
Slightly volatile
EV To Operating Cash Flow32.3734.073670.0237
Slightly volatile
PE Ratio28.9336.062724.5608
Slightly volatile
Return On Tangible Assets0.00610.00550.0097
Slightly volatile
EV To Free Cash Flow39.0541.1036104
Pretty Stable
Earnings Yield0.02630.02770.1037
Slightly volatile
Intangibles To Total Assets0.00610.01210.0076
Slightly volatile
Net Debt To EBITDA10.6411.1978100
Slightly volatile
Current Ratio1.31.373.574
Very volatile
Tangible Book Value Per Share84.7280.687947.9479
Slightly volatile
Receivables Turnover5.297.163.5804
Slightly volatile
Graham Number42.4969.278275.0999
Slightly volatile
Shareholders Equity Per Share91.5687.197152.4419
Slightly volatile
Debt To Equity3.383.558515.4019
Slightly volatile
Capex Per Share2.081.97911.537
Slightly volatile
Revenue Per Share33.0231.44522.1253
Slightly volatile
Interest Debt Per Share352333482
Very volatile
Debt To Assets0.980.69370.8847
Slightly volatile
Enterprise Value Over EBITDA13.714.4254118
Slightly volatile
Short Term Coverage Ratios0.05110.05370.2766
Slightly volatile
Price Earnings Ratio28.9336.062724.5608
Slightly volatile
Operating Cycle1.5 K1.4 K755
Slightly volatile
Price Book Value Ratio0.961.01172.1038
Slightly volatile
Days Of Payables Outstanding20.7521.837549.7132
Slightly volatile
Dividend Payout Ratio0.450.43070.1606
Slightly volatile
Price To Operating Cash Flows Ratio5.147.62386.6794
Slightly volatile
Price To Free Cash Flows Ratio7.299.196710.3693
Pretty Stable
Pretax Profit Margin0.05990.06310.3475
Slightly volatile
Effective Tax Rate0.360.26630.2962
Slightly volatile
Company Equity Multiplier4.875.129816.761
Slightly volatile
Long Term Debt To Capitalization1.030.90.92
Slightly volatile
Total Debt To Capitalization1.020.78060.9143
Slightly volatile
Debt Equity Ratio3.383.558515.4019
Slightly volatile
Dividend Paid And Capex Coverage Ratio3.623.81575.5082
Slightly volatile
Net Income Per E B T1.31.23380.7868
Slightly volatile
Cash Ratio0.130.141.4579
Pretty Stable
Operating Cash Flow Sales Ratio0.450.3680.3966
Pretty Stable
Days Of Inventory Outstanding1.7 K1.7 K1.6 K
Slightly volatile
Days Of Sales Outstanding64.0967.46168
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.920.8290.8012
Pretty Stable
Cash Flow Coverage Ratios0.03920.03730.0198
Slightly volatile
Price To Book Ratio0.961.01172.1038
Slightly volatile
Fixed Asset Turnover14.728.369812.2963
Slightly volatile
Capital Expenditure Coverage Ratio5.555.846911.1571
Slightly volatile
Price Cash Flow Ratio5.147.62386.6794
Slightly volatile
Enterprise Value Multiple13.714.4254118
Slightly volatile
Debt Ratio0.980.69370.8847
Slightly volatile
Cash Flow To Debt Ratio0.03920.03730.0198
Slightly volatile
Price Sales Ratio3.442.80553.2666
Slightly volatile
Return On Assets0.0060.00550.0096
Slightly volatile
Asset Turnover0.07380.07030.0408
Slightly volatile
Net Profit Margin0.07390.07780.2479
Slightly volatile
Gross Profit Margin0.730.49720.6449
Slightly volatile
Price Fair Value0.961.01172.1038
Slightly volatile
Return On Equity0.02670.02810.118
Slightly volatile

Nelnet Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.5 B3.3 B2.3 B
Slightly volatile
Enterprise Value18.1 B14.8 B22 B
Pretty Stable

Nelnet Fundamental Market Drivers

Forward Price Earnings15.748
Cash And Short Term InvestmentsB

Nelnet Upcoming Events

27th of February 2024
Upcoming Quarterly Report
View
13th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Nelnet Financial Statements

Investors use fundamental indicators, such as Nelnet's revenue or net income, to determine how well the company is positioned to perform in the future. Although Nelnet's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Current Deferred Revenue83.4 M87.6 M
Total Revenue1.2 B780.8 M
Cost Of Revenue591.5 M314.3 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.50  0.30 
Capex To Revenue 0.06  0.04 
Revenue Per Share 31.45  33.02 
Ebit Per Revenue(0.29)(0.28)

Currently Active Assets on Macroaxis

When determining whether Nelnet Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nelnet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nelnet Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nelnet Inc Stock:
Check out the analysis of Nelnet Correlation against competitors.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nelnet. If investors know Nelnet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nelnet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Dividend Share
1.12
Earnings Share
3.13
Revenue Per Share
34.204
Quarterly Revenue Growth
(0.09)
The market value of Nelnet Inc is measured differently than its book value, which is the value of Nelnet that is recorded on the company's balance sheet. Investors also form their own opinion of Nelnet's value that differs from its market value or its book value, called intrinsic value, which is Nelnet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nelnet's market value can be influenced by many factors that don't directly affect Nelnet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nelnet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nelnet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nelnet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.