Want to see NNI full AI Analyst Report?
Nelnet (NNI) AI Stock Analysis
Nelnet
(NYSE:NNI)
The score is primarily supported by strong profitability and healthy cash-flow conversion, which outweigh near-term concerns. The biggest risks tempering the score are the sharp TTM revenue decline and uncertainty around leverage consistency, while technicals look neutral-to-soft and valuation appears reasonable with a modest dividend.
Nelnet (NNI) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $4.38B
- Dividend Yield
- 1.08%
- Average Volume (3M)
- 141.55K
- Price to Earnings (P/E)
- 14.7
- Beta (1Y)
- 0.52
- Revenue Growth
- -6.77%
- EPS Growth
- -7.42%
- Country
- US
- Employees
- 5,744
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Credit Services
Nelnet Business Overview & Revenue Model
Company Description
Nelnet, Inc. operates globally, encompassing a variety of businesses including loan management, telecommunications, educational technology, related services, and payment processing solutions. Its Loan Servicing and Systems division offers comprehensi...
How the Company Makes Money
Nelnet makes money through a combination of (1) interest and investment income from financial assets and (2) fee-based revenues from servicing and technology/payment platforms. 1) Loan servicing and related fees (education and other portfolios) - Nel...
Nelnet Financial Statement Overview
Summary
Strong profitability and cash conversion support fundamentals (TTM net margin ~17.5%, EBIT margin ~28.1%, and FCF ~0.92x net income). Offsetting this, TTM revenue declined sharply (~-19.1%), and the balance-sheet picture is less clear due to the sharp shift to reported zero debt in TTM versus elevated leverage historically.
Income Statement
71PositiveBalance Sheet
58NeutralCash Flow
78Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.86B | 2.26B | 1.85B | 1.81B | 1.82B | 1.42B |
| Gross Profit | 1.54B | 1.97B | 1.11B | 961.15M | 1.35B | 1.25B |
| EBITDA | 561.82M | 1.11B | 361.11M | 214.11M | 678.09M | 634.43M |
| Net Income | 302.24M | 428.47M | 184.04M | 89.83M | 406.90M | 393.29M |
Balance Sheet | ||||||
| Total Assets | 14.28B | 14.06B | 13.78B | 16.71B | 19.37B | 21.68B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 973.55M | 1.18B | 1.11B | 1.51B | 1.06B |
| Total Debt | 7.04B | 7.79B | 8.31B | 11.83B | 14.64B | 17.65B |
| Total Liabilities | 10.64B | 10.49B | 10.48B | 13.51B | 16.17B | 18.73B |
| Stockholders Equity | 3.77B | 3.69B | 3.35B | 3.25B | 3.20B | 2.95B |
Cash Flow | ||||||
| Free Cash Flow | 364.03M | 396.75M | 641.99M | 358.92M | 624.64M | 421.38M |
| Operating Cash Flow | 401.06M | 422.99M | 662.89M | 432.98M | 684.06M | 480.33M |
| Investing Cash Flow | -290.24M | 509.43M | 2.41B | 1.94B | 2.27B | 1.19B |
| Financing Cash Flow | 67.50M | -890.16M | -3.17B | -2.70B | -2.79B | -1.43B |
Nelnet Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNI, the sentiment is Negative. The current price of 122.47 is below the 20-day moving average (MA) of 124.89, below the 50-day MA of 125.54, and below the 200-day MA of 129.76, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 41.21 is Neutral, neither overbought nor oversold. The STOCH value of 29.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NNI.
Nelnet Risk Analysis
Nelnet disclosed 26 risk factors in its most recent earnings report. Nelnet reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksNelnet Peers Comparison
Overall Rating
ENVA71Outperform- NNI67Neutral
SLM66Neutral
SOFI65Neutral
UPST58Neutral
NAVI51Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ENVA | 71Outperform | $4.26B | 11.32 | 26.36% | ― | 20.08% | 33.74% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| NNI | 67Neutral | $4.38B | 14.70 | 8.15% | 1.08% | -6.77% | -7.42% |
| SLM | 66Neutral | $3.25B | 6.38 | 23.59% | 2.92% | -6.24% | -3.47% |
| SOFI | 65Neutral | $21.65B | 28.90 | 6.76% | ― | 37.62% | 0.62% |
| UPST | 58Neutral | $2.24B | 37.05 | 7.85% | ― | 46.30% | ― |
| NAVI | 51Neutral | $872.19M | -18.98 | -2.04% | 6.88% | -17.19% | -244.62% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NNI | Nelnet | 122.47 | -5.03 | -3.94% | |
| SLM | Slm Corporation | 17.80 | -8.86 | -33.23% | |
| NAVI | Navient Corporation | 9.30 | -2.08 | -18.27% | |
| ENVA | Enova International Inc. | 174.09 | 51.66 | 42.20% | |
| UPST | Upstart Holdings, Inc. | 23.02 | -24.52 | -51.58% | |
| SOFI | Sofi Technologies Inc | 16.76 | -13.87 | -45.28% |
Nelnet Corporate Events
Nelnet Expands Board with Two New Independent Directors
PositiveOn September 15, 2026, Nelnet’s board of directors expanded from eight to ten members and appointed Angie Klein and Ed Pallesen as independent directors, with Klein designated a Class III director through the 2029 annual meeting and Pallesen a...
Nelnet Bank Files Quarterly Regulatory Call Report Update
NeutralOn July 29, 2026, Nelnet Bank filed its Consolidated Reports of Condition and Income for the quarter ended June 30, 2026 with the Federal Deposit Insurance Corporation, using the FFIEC 051 form applicable to banks with domestic offices and assets bel...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 16, 2026