Nelnet Inc
Nelnet, Inc. engages in loan servicing, education technology services, and payment businesses worldwide. The company operates through four segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer, payment pro… Read more
Nelnet Inc (NNI) - Net Assets
Latest net assets as of September 2025: $3.59 Billion USD
Based on the latest financial reports, Nelnet Inc (NNI) has net assets worth $3.59 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.88 Billion) and total liabilities ($10.29 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 | $3.59 Billion |
| % of Total Assets | 25.85% |
| Annual Growth Rate | 18.68% |
| 5-Year Change | 25.52% |
| 10-Year Change | 74.36% |
| Growth Volatility | 37.22 |
Nelnet Inc - Net Assets Trend (2000–2024)
This chart illustrates how Nelnet Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nelnet Inc (2000–2024)
The table below shows the annual net assets of Nelnet Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.30 Billion | +3.09% |
| 2023-12-31 | $3.20 Billion | +0.01% |
| 2022-12-31 | $3.20 Billion | +8.37% |
| 2021-12-31 | $2.95 Billion | +12.35% |
| 2020-12-31 | $2.63 Billion | +9.92% |
| 2019-12-31 | $2.39 Billion | +3.30% |
| 2018-12-31 | $2.31 Billion | +6.90% |
| 2017-12-31 | $2.17 Billion | +4.56% |
| 2016-12-31 | $2.07 Billion | +9.45% |
| 2015-12-31 | $1.89 Billion | +9.65% |
| 2014-12-31 | $1.73 Billion | +19.51% |
| 2013-12-31 | $1.44 Billion | +23.92% |
| 2012-12-31 | $1.17 Billion | +9.29% |
| 2011-12-31 | $1.07 Billion | +17.60% |
| 2010-12-31 | $906.63 Million | +15.56% |
| 2009-12-31 | $784.56 Million | +21.97% |
| 2008-12-31 | $643.23 Million | +5.64% |
| 2007-12-31 | $608.88 Million | -9.37% |
| 2006-12-31 | $671.85 Million | +3.34% |
| 2005-12-31 | $650.12 Million | +42.52% |
| 2004-12-31 | $456.18 Million | +49.33% |
| 2003-12-31 | $305.49 Million | +180.92% |
| 2002-12-31 | $108.75 Million | +72.10% |
| 2001-12-31 | $63.19 Million | +16.66% |
| 2000-12-31 | $54.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nelnet Inc'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 334054000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.34 Billion | 99.72% |
| Common Stock | $363.00K | 0.01% |
| Other Comprehensive Income | $1.47 Million | 0.04% |
| Other Components | $7.39 Million | 0.22% |
| Total Equity | $3.35 Billion | 100.00% |
Nelnet Inc Competitors by Market Cap
The table below lists competitors of Nelnet Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vidrala S.A
PINK:VDRFF
|
$1.87 Billion |
|
International Game Technology PLC
NYSE:IGT
|
$1.87 Billion |
|
Nicolet Bankshares Inc.
NYSE:NIC
|
$1.87 Billion |
|
Shanghai DaZhong Public Utilities Group Co Ltd
SHG:600635
|
$1.87 Billion |
|
Zhejiang Jiemei Electronic and Technology Co Ltd
SHE:002859
|
$1.87 Billion |
|
Blackline Inc
NASDAQ:BL
|
$1.86 Billion |
|
Ardentec
TWO:3264
|
$1.86 Billion |
|
Jiangsu Financial Leasing Co Ltd Class A
SHG:600901
|
$1.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nelnet Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,253,751,000 to 3,349,762,000, a change of 96,011,000 (3.0%).
- Net income of 184,045,000 contributed positively to equity growth.
- Dividend payments of 40,836,000 reduced retained earnings.
- Share repurchases of 83,290,000 reduced equity.
- New share issuances of 1,946,000 increased equity.
- Other comprehensive income increased equity by 21,589,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $184.04 Million | +5.49% |
| Dividends Paid | $40.84 Million | -1.22% |
| Share Repurchases | $83.29 Million | -2.49% |
| Share Issuances | $1.95 Million | +0.06% |
| Other Comprehensive Income | $21.59 Million | +0.64% |
| Other Changes | $12.56 Million | +0.37% |
| Total Change | $- | 2.95% |
Book Value vs Market Value Analysis
This analysis compares Nelnet Inc'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: 1.40x
- 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 97.14x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $1.32 | $128.04 | x |
| 2001-12-31 | $1.41 | $128.04 | x |
| 2002-12-31 | $2.43 | $128.04 | x |
| 2003-12-31 | $6.76 | $128.04 | x |
| 2004-12-31 | $8.50 | $128.04 | x |
| 2005-12-31 | $12.08 | $128.04 | x |
| 2006-12-31 | $12.54 | $128.04 | x |
| 2007-12-31 | $12.24 | $128.04 | x |
| 2008-12-31 | $13.10 | $128.04 | x |
| 2009-12-31 | $15.79 | $128.04 | x |
| 2010-12-31 | $18.38 | $128.04 | x |
| 2011-12-31 | $22.14 | $128.04 | x |
| 2012-12-31 | $24.60 | $128.04 | x |
| 2013-12-31 | $31.00 | $128.04 | x |
| 2014-12-31 | $37.13 | $128.04 | x |
| 2015-12-31 | $41.39 | $128.04 | x |
| 2016-12-31 | $48.32 | $128.04 | x |
| 2017-12-31 | $51.43 | $128.04 | x |
| 2018-12-31 | $56.33 | $128.04 | x |
| 2019-12-31 | $60.39 | $128.04 | x |
| 2020-12-31 | $68.35 | $128.04 | x |
| 2021-12-31 | $77.78 | $128.04 | x |
| 2022-12-31 | $85.07 | $128.04 | x |
| 2023-12-31 | $86.96 | $128.04 | x |
| 2024-12-31 | $91.42 | $128.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nelnet Inc 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): 5.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.97%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 4.11x
- Recent ROE (5.49%) is below the historical average (14.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.35% | 6.97% | 0.02x | 74.26x | $-896.10K |
| 2001 | 11.31% | 6.21% | 0.01x | 128.74x | $828.40K |
| 2002 | 44.48% | 8.81% | 0.06x | 89.50x | $37.63 Million |
| 2003 | 8.87% | 5.50% | 0.04x | 39.06x | $-3.45 Million |
| 2004 | 32.70% | 21.47% | 0.05x | 33.23x | $103.56 Million |
| 2005 | 27.42% | 15.71% | 0.05x | 35.10x | $113.12 Million |
| 2006 | 9.81% | 3.76% | 0.07x | 39.89x | $-1.27 Million |
| 2007 | 5.40% | 1.62% | 0.07x | 47.90x | $-28.03 Million |
| 2008 | 4.46% | 2.00% | 0.05x | 43.30x | $-35.66 Million |
| 2009 | 17.73% | 14.49% | 0.04x | 32.98x | $60.67 Million |
| 2010 | 20.85% | 19.49% | 0.04x | 28.56x | $98.37 Million |
| 2011 | 19.16% | 22.90% | 0.03x | 24.25x | $97.71 Million |
| 2012 | 15.28% | 19.35% | 0.03x | 22.84x | $61.48 Million |
| 2013 | 20.97% | 28.69% | 0.04x | 19.24x | $158.31 Million |
| 2014 | 17.83% | 27.77% | 0.04x | 17.44x | $135.07 Million |
| 2015 | 14.22% | 24.13% | 0.04x | 16.18x | $79.54 Million |
| 2016 | 12.45% | 21.51% | 0.04x | 13.18x | $50.59 Million |
| 2017 | 8.06% | 14.70% | 0.05x | 11.15x | $-41.79 Million |
| 2018 | 9.89% | 13.56% | 0.07x | 10.94x | $-2.53 Million |
| 2019 | 5.94% | 8.45% | 0.07x | 9.93x | $-96.87 Million |
| 2020 | 13.39% | 25.68% | 0.06x | 8.60x | $89.24 Million |
| 2021 | 13.33% | 27.74% | 0.07x | 7.35x | $98.17 Million |
| 2022 | 12.72% | 22.40% | 0.09x | 6.06x | $87.00 Million |
| 2023 | 2.76% | 4.95% | 0.11x | 5.14x | $-235.55 Million |
| 2024 | 5.49% | 9.97% | 0.13x | 4.11x | $-150.93 Million |
Industry Comparison
This section compares Nelnet Inc'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 |
|---|---|---|---|---|
| Nelnet Inc (NNI) | $3.59 Billion | 8.35% | 2.87x | $1.87 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 |