Nelnet Inc (NNI) - Net Assets

Latest 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. Check how resilient are Nelnet Inc's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore Nelnet Inc assets under control for the complete picture of this company's asset base.

Annual Net Assets for Nelnet Inc (2000–2024)

The table below shows the annual net assets of Nelnet Inc from 2000 to 2024. For live valuation and market cap data, see NNI company net worth.

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
TUI AG XETRA:TUI1	$3.59 Billion
Life360, Inc. Common Stock NASDAQ:LIF	$3.59 Billion
Brady Corporation NYSE:BRC	$3.59 Billion
Zhende Medical Co Ltd SHG:603301	$3.59 Billion
Brickworks Ltd AU:BKW	$3.59 Billion
Proya Cosmetics Co Ltd Class A SHG:603605	$3.59 Billion
Joinn Laboratories(China)Co SHG:603127	$3.59 Billion
Hengan International Group Company Limited F:HGNC	$3.58 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: 1.55x
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 107.47x to 1.55x 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	$141.66	x
2001-12-31	$1.41	$141.66	x
2002-12-31	$2.43	$141.66	x
2003-12-31	$6.76	$141.66	x
2004-12-31	$8.50	$141.66	x
2005-12-31	$12.08	$141.66	x
2006-12-31	$12.54	$141.66	x
2007-12-31	$12.24	$141.66	x
2008-12-31	$13.10	$141.66	x
2009-12-31	$15.79	$141.66	x
2010-12-31	$18.38	$141.66	x
2011-12-31	$22.14	$141.66	x
2012-12-31	$24.60	$141.66	x
2013-12-31	$31.00	$141.66	x
2014-12-31	$37.13	$141.66	x
2015-12-31	$41.39	$141.66	x
2016-12-31	$48.32	$141.66	x
2017-12-31	$51.43	$141.66	x
2018-12-31	$56.33	$141.66	x
2019-12-31	$60.39	$141.66	x
2020-12-31	$68.35	$141.66	x
2021-12-31	$77.78	$141.66	x
2022-12-31	$85.07	$141.66	x
2023-12-31	$86.96	$141.66	x
2024-12-31	$91.42	$141.66	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: $3,603,214,276
Average return on equity (ROE) among peers: 5.89%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Nelnet Inc (NNI)	$3.59 Billion	8.35%	2.87x	$3.59 Billion
Affirm Holdings Inc (AFRM)	$3.07 Billion	1.70%	2.63x	$16.59 Billion
Federal Agricultural Mortgage Corporation (AGM)	$1.27 Billion	14.01%	20.49x	$1.63 Billion
Federal Agricultural Mortgage Corporation (AGM-A)	$992.48 Million	10.95%	23.54x	$137.84 Million
AIOS Tech Inc. (AIOS)	$211.13 Million	2.74%	0.29x	$3.53 Million
Ally Financial Inc (ALLY)	$13.90 Billion	4.80%	12.80x	$12.59 Billion
Antalpha Platform Holding Co (ANTA)	$202.32 Million	9.14%	10.90x	$210.67 Million
Atlanticus Holdings Corporation (ATLC)	$447.87 Million	1.31%	0.16x	$958.76 Million
American Express Company (AXP)	$15.32 Billion	19.49%	10.42x	$219.50 Billion
Bread Financial Holdings, Inc. (BFH)	$362.39 Million	-5.88%	2.92x	$3.31 Billion
Credit Acceptance Corporation (CACC)	$248.99 Million	0.60%	3.48x	$5.39 Billion

About Nelnet Inc

NYSE:NNI USA Credit Services

Market Cap

$3.59 Billion

Market Cap Rank

#4425 Global

#1441 in USA

Share Price

$141.66

Change (1 day)

-0.03%

52-Week Range

$105.49 - $144.23

All Time High

$144.23