SLM Corp
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corpora… Read more
SLM Corp (SLM) - Net Assets
Latest net assets as of December 2025: $2.45 Billion USD
Based on the latest financial reports, SLM Corp (SLM) has net assets worth $2.45 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.75 Billion) and total liabilities ($27.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.45 Billion |
| % of Total Assets | 8.24% |
| Annual Growth Rate | 2.42% |
| 5-Year Change | -89.48% |
| 10-Year Change | 4.44% |
| Growth Volatility | 112.6 |
SLM Corp - Net Assets Trend (1989–2025)
This chart illustrates how SLM Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SLM Corp (1989–2025)
The table below shows the annual net assets of SLM Corp from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.45 Billion | +13.49% |
| 2024-12-31 | $2.16 Billion | +14.84% |
| 2023-12-31 | $1.88 Billion | +8.91% |
| 2022-12-31 | $1.73 Billion | -92.59% |
| 2021-12-31 | $23.29 Billion | -8.95% |
| 2020-12-31 | $25.58 Billion | +672.42% |
| 2019-12-31 | $3.31 Billion | +11.41% |
| 2018-12-31 | $2.97 Billion | +20.14% |
| 2017-12-31 | $2.47 Billion | +5.42% |
| 2016-12-31 | $2.35 Billion | +11.96% |
| 2015-12-31 | $2.10 Billion | +14.56% |
| 2014-12-31 | $1.83 Billion | -67.57% |
| 2013-12-31 | $5.64 Billion | +11.37% |
| 2012-12-31 | $5.07 Billion | -3.52% |
| 2011-12-31 | $5.25 Billion | +4.77% |
| 2010-12-31 | $5.01 Billion | -5.05% |
| 2009-12-31 | $5.28 Billion | +5.44% |
| 2008-12-31 | $5.01 Billion | -4.37% |
| 2007-12-31 | $5.23 Billion | +19.81% |
| 2006-12-31 | $4.37 Billion | +14.96% |
| 2005-12-31 | $3.80 Billion | +19.74% |
| 2004-12-31 | $3.17 Billion | +20.68% |
| 2003-12-31 | $2.63 Billion | +31.64% |
| 2002-12-31 | $2.00 Billion | +19.46% |
| 2001-12-31 | $1.67 Billion | +2.65% |
| 2000-12-31 | $1.63 Billion | +54.46% |
| 1999-12-31 | $1.05 Billion | +21.59% |
| 1998-12-31 | $867.50 Million | -2.36% |
| 1997-12-31 | $888.50 Million | -15.20% |
| 1996-12-31 | $1.05 Billion | -3.09% |
| 1995-12-31 | $1.08 Billion | -26.51% |
| 1994-12-31 | $1.47 Billion | +14.94% |
| 1993-12-31 | $1.28 Billion | +4.92% |
| 1992-12-31 | $1.22 Billion | +6.11% |
| 1991-12-31 | $1.15 Billion | +5.16% |
| 1990-12-31 | $1.09 Billion | +5.39% |
| 1989-12-31 | $1.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SLM Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 384.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.73 Billion | 193.13% |
| Common Stock | $88.65 Million | 3.62% |
| Other Comprehensive Income | $-40.13 Million | -1.64% |
| Total Equity | $2.45 Billion | 100.00% |
SLM Corp Competitors by Market Cap
The table below lists competitors of SLM Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Etern Co Ltd
SHG:600105
|
$3.89 Billion |
|
ICL Israel Chemicals Ltd
NYSE:ICL
|
$3.89 Billion |
|
Airtac International Group
TW:1590
|
$3.89 Billion |
|
Federated Investors Inc B
NYSE:FHI
|
$3.89 Billion |
|
Toto Ltd
PINK:TOTDY
|
$3.89 Billion |
|
Shanghai Putailai New Energy Technology Co.Ltd.
SHG:603659
|
$3.89 Billion |
|
Akero Therapeutics Inc
NASDAQ:AKRO
|
$3.89 Billion |
|
ServiceTitan, Inc. Class A Common Stock
NASDAQ:TTAN
|
$3.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SLM Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,159,920,000 to 2,451,358,000, a change of 291,438,000 (13.5%).
- Net income of 744,847,000 contributed positively to equity growth.
- Dividend payments of 700,000,000 reduced retained earnings.
- Share repurchases of 368,736,000 reduced equity.
- Other comprehensive income increased equity by 25,733,000.
- Other factors increased equity by 589,594,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $744.85 Million | +30.39% |
| Dividends Paid | $700.00 Million | -28.56% |
| Share Repurchases | $368.74 Million | -15.04% |
| Other Comprehensive Income | $25.73 Million | +1.05% |
| Other Changes | $589.59 Million | +24.05% |
| Total Change | $- | 13.49% |
Book Value vs Market Value Analysis
This analysis compares SLM Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.68x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $1.01 | $19.84 | x |
| 1990-12-31 | $1.07 | $19.84 | x |
| 1991-12-31 | $1.17 | $19.84 | x |
| 1992-12-31 | $1.26 | $19.84 | x |
| 1993-12-31 | $1.40 | $19.84 | x |
| 1994-12-31 | $1.75 | $19.84 | x |
| 1995-12-31 | $1.53 | $19.84 | x |
| 1996-12-31 | $2.38 | $19.84 | x |
| 1997-12-31 | $1.23 | $19.84 | x |
| 1998-12-31 | $1.28 | $19.84 | x |
| 1999-12-31 | $1.72 | $19.84 | x |
| 2000-12-31 | $2.87 | $19.84 | x |
| 2001-12-31 | $3.41 | $19.84 | x |
| 2002-12-31 | $4.20 | $19.84 | x |
| 2003-12-31 | $5.68 | $19.84 | x |
| 2004-12-31 | $6.52 | $19.84 | x |
| 2005-12-31 | $8.24 | $19.84 | x |
| 2006-12-31 | $9.66 | $19.84 | x |
| 2007-12-31 | $12.67 | $19.84 | x |
| 2008-12-31 | $10.71 | $19.84 | x |
| 2009-12-31 | $11.18 | $19.84 | x |
| 2010-12-31 | $10.27 | $19.84 | x |
| 2011-12-31 | $10.14 | $19.84 | x |
| 2012-12-31 | $10.48 | $19.84 | x |
| 2013-12-31 | $12.55 | $19.84 | x |
| 2014-12-31 | $4.23 | $19.84 | x |
| 2015-12-31 | $4.85 | $19.84 | x |
| 2016-12-31 | $5.42 | $19.84 | x |
| 2017-12-31 | $5.64 | $19.84 | x |
| 2018-12-31 | $6.76 | $19.84 | x |
| 2019-12-31 | $7.69 | $19.84 | x |
| 2020-12-31 | $6.62 | $19.84 | x |
| 2021-12-31 | $6.72 | $19.84 | x |
| 2022-12-31 | $6.60 | $19.84 | x |
| 2023-12-31 | $8.04 | $19.84 | x |
| 2024-12-31 | $9.82 | $19.84 | x |
| 2025-12-31 | $11.83 | $19.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SLM Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.95%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 12.13x
- Recent ROE (30.39%) is above the historical average (28.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 24.83% | 61.69% | 0.01x | 34.21x | $153.85 Million |
| 1990 | 27.52% | 62.83% | 0.01x | 37.61x | $191.56 Million |
| 1991 | 30.01% | 61.71% | 0.01x | 39.42x | $230.12 Million |
| 1992 | 32.28% | 49.07% | 0.02x | 38.21x | $271.89 Million |
| 1993 | 33.60% | 45.91% | 0.02x | 36.33x | $302.09 Million |
| 1994 | 27.38% | 56.80% | 0.01x | 36.00x | $255.67 Million |
| 1995 | 45.91% | 73.76% | 0.01x | 46.25x | $388.28 Million |
| 1996 | 40.03% | 41.39% | 0.02x | 45.46x | $314.62 Million |
| 1997 | 75.29% | 40.35% | 0.03x | 59.04x | $440.44 Million |
| 1998 | 76.73% | 44.00% | 0.03x | 56.93x | $436.14 Million |
| 1999 | 59.56% | 43.75% | 0.03x | 52.35x | $416.71 Million |
| 2000 | 32.86% | 34.98% | 0.03x | 34.47x | $323.48 Million |
| 2001 | 22.96% | 20.83% | 0.03x | 31.61x | $216.75 Million |
| 2002 | 39.64% | 23.05% | 0.06x | 26.61x | $592.20 Million |
| 2003 | 58.31% | 48.87% | 0.05x | 24.57x | $1.27 Billion |
| 2004 | 61.67% | 36.67% | 0.06x | 27.11x | $1.60 Billion |
| 2005 | 36.46% | 21.21% | 0.07x | 26.20x | $1.00 Billion |
| 2006 | 26.54% | 13.22% | 0.08x | 26.64x | $720.95 Million |
| 2007 | -17.16% | -9.83% | 0.06x | 29.78x | $-1.42 Billion |
| 2008 | -4.25% | -11.92% | 0.01x | 33.76x | $-712.53 Million |
| 2009 | 6.14% | 5.32% | 0.04x | 32.20x | $-203.86 Million |
| 2010 | 10.57% | 7.82% | 0.03x | 40.96x | $28.80 Million |
| 2011 | 12.07% | 11.19% | 0.03x | 36.88x | $108.70 Million |
| 2012 | 4.30% | 28.72% | 0.00x | 35.82x | $-288.38 Million |
| 2013 | 4.59% | 30.48% | 0.01x | 28.30x | $-304.75 Million |
| 2014 | 10.61% | 23.36% | 0.06x | 7.09x | $11.22 Million |
| 2015 | 13.08% | 27.06% | 0.07x | 7.26x | $64.65 Million |
| 2016 | 10.67% | 21.84% | 0.06x | 7.90x | $15.62 Million |
| 2017 | 11.68% | 20.14% | 0.07x | 8.80x | $41.51 Million |
| 2018 | 16.40% | 25.88% | 0.07x | 8.96x | $190.21 Million |
| 2019 | 17.46% | 24.30% | 0.07x | 9.87x | $247.09 Million |
| 2020 | 34.36% | 37.61% | 0.08x | 12.01x | $624.41 Million |
| 2021 | 53.98% | 48.17% | 0.08x | 13.59x | $945.54 Million |
| 2022 | 27.16% | 19.82% | 0.08x | 16.68x | $296.32 Million |
| 2023 | 29.97% | 31.15% | 0.06x | 15.51x | $375.61 Million |
| 2024 | 28.16% | 20.36% | 0.10x | 13.92x | $392.33 Million |
| 2025 | 30.39% | 23.95% | 0.10x | 12.13x | $499.71 Million |
Industry Comparison
This section compares SLM Corp's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,167,772,618
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SLM Corp (SLM) | $2.45 Billion | 24.83% | 11.13x | $3.89 Billion |
| Accord Financial Corp (ACCFF) | $103.96 Million | 11.43% | 4.00x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $13.28 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $47.20 Million | 1.69% | 11.77x | $1.51 Billion |
| Aiful Corp (AIFLF) | $97.47 Billion | -37.44% | 4.75x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $40.53 Million | 17.61% | 0.35x | $2.83 Million |
| Ally Financial Inc (ALLY) | $13.49 Billion | 6.88% | 11.39x | $10.34 Billion |
| Alpha Investment Inc (ALPC) | $-38.66K | 0.00% | 0.00x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $14.83 Million |