Nelnet Inc (NNI) — Free Cash Flow Generation Index
Nelnet Inc (NNI) has a Free Cash Flow Generation Index of 0.95x as of December 2025. Free cash flow of $130.12 Million represents 1% of operating cash flow ($137.62 Million). Explore Nelnet Inc (NNI) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Nelnet Inc Free Cash Flow Generation Index (2001–2025)
Historical FCF Generation Index trend for Nelnet Inc across 25 annual periods. For the full cash flow conversion analysis, see Nelnet Inc cash flow conversion.
Annual Free Cash Flow Generation for Nelnet Inc (2001–2025)
Year-by-year Free Cash Flow Generation Index for Nelnet Inc. Check Nelnet Inc (NNI) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.94x | $396.75 Million | $422.99 Million | $26.24 Million | ▼ -3.1% |
| 2024 | 0.97x | $641.99 Million | $662.89 Million | $20.90 Million | ▲ +16.6% |
| 2023 | 0.83x | $358.92 Million | $432.03 Million | $74.05 Million | ▼ -9.0% |
| 2022 | 0.91x | $624.64 Million | $684.06 Million | $59.42 Million | ▲ +2.4% |
| 2021 | 0.89x | $485.92 Million | $544.87 Million | $58.95 Million | ▲ +90.7% |
| 2020 | 0.47x | $99.50 Million | $212.81 Million | $113.31 Million | ▼ -32.3% |
| 2019 | 0.69x | $206.42 Million | $298.92 Million | $92.50 Million | ▲ +28.2% |
| 2018 | 0.54x | $145.87 Million | $270.89 Million | $125.02 Million | ▲ +71.3% |
| 2017 | 0.31x | $71.50 Million | $227.51 Million | $156.00 Million | ▼ -60.3% |
| 2016 | 0.79x | $257.65 Million | $325.26 Million | $67.60 Million | ▼ -17.2% |
| 2015 | 0.96x | $374.60 Million | $391.37 Million | $16.76 Million | ▲ +3.4% |
| 2014 | 0.93x | $330.96 Million | $357.45 Million | $26.49 Million | ▼ -3.2% |
| 2013 | 0.96x | $370.17 Million | $387.18 Million | $17.01 Million | ▼ -1.1% |
| 2012 | 0.97x | $289.37 Million | $299.32 Million | $9.94 Million | ▲ +1.3% |
| 2011 | 0.95x | $296.69 Million | $310.86 Million | $14.17 Million | ▲ +2.1% |
| 2010 | 0.93x | $182.10 Million | $194.87 Million | $12.77 Million | ▼ -6.2% |
| 2009 | 1.00x | $323.50 Million | $324.71 Million | $1.20 Million | ▲ +1.3% |
| 2008 | 0.98x | $315.96 Million | $321.10 Million | $5.14 Million | ▲ +6.2% |
| 2007 | 0.93x | $253.00 Million | $273.06 Million | $20.06 Million | ▲ +22.1% |
| 2006 | 0.76x | $163.30 Million | $215.24 Million | $51.95 Million | ▼ -13.7% |
| 2005 | 0.88x | $139.91 Million | $159.11 Million | $19.20 Million | ▼ -5.6% |
| 2004 | 0.93x | $224.63 Million | $241.08 Million | $16.46 Million | ▲ +4.3% |
| 2003 | 0.89x | $136.64 Million | $153.00 Million | $16.36 Million | ▼ -0.8% |
| 2002 | 0.90x | $120.80 Million | $134.21 Million | $13.41 Million | ▼ -16.4% |
| 2001 | 1.08x | $87.76 Million | $81.49 Million | $6.26 Million | — |