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Nelnet Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nelnet and similar public comparables like Klarna, Authum Investment, Credit Acceptance, Blue Owl Technology and more.
Nelnet Overview
About Nelnet
Nelnet Inc is a United States based company engaged in these four reportable segments; Loan Servicing and Systems focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services; Education Technology Services and Payments segment provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses; Asset Generation and Management segment includes the acquisition and management of student and other loan assets; and Nelnet Bank focuses on the private education and unsecured consumer loan markets. Maximum revenue for the company is generated from its Education Technology Services and Payments segment.
Founded
1978
HQ
Employees
6.7K
Website
Financials (LTM)
EV
$13B
Nelnet Financials
Nelnet reported last 12-month revenue of $2B.
In the same LTM period, Nelnet generated $401M in net income.
Revenue (LTM)
Nelnet P&L
In the most recent fiscal year, Nelnet reported revenue of $2B and net income of $428M.
Nelnet expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Profit | $401M | XXX | $428M | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $7B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nelnet Stock Performance
Nelnet has current market cap of $5B, and enterprise value of $13B.
Market Cap Evolution
Nelnet's stock price is $131.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $5B | 0.0% | XXX | XXX | XXX | $11.92 |
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Start Free TrialNelnet Valuation Multiples
Nelnet trades at 7.2x EV/Revenue multiple.
EV / Revenue (LTM)
Nelnet Financial Valuation Multiples
As of April 2, 2026, Nelnet has market cap of $5B and EV of $13B.
Equity research analysts estimate Nelnet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nelnet has a P/E ratio of 11.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 7.2x | XXX | 7.1x | XXX | XXX | XXX |
| P/E | 11.8x | XXX | 11.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 31.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nelnet Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Nelnet Margins & Growth Rates
Nelnet's revenue in the last 12 month declined by (2%).
Nelnet's revenue per employee in the last FY averaged $0.3M.
Nelnet Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | (4%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 37% | XXX | XXX | XXX |
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Nelnet Public Comps
See public comps and valuation multiples for other Online Lending and Specialty Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Klarna | XXX | XXX | XXX | XXX | XXX | XXX |
| Authum Investment | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Acceptance | XXX | XXX | XXX | XXX | XXX | XXX |
| Blue Owl Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Figure Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nelnet M&A Activity
Nelnet acquired XXX companies to date.
Last acquisition by Nelnet was on XXXXXXXX, XXXXX. Nelnet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nelnet
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNelnet Investment Activity
Nelnet invested in XXX companies to date.
Nelnet made its latest investment on XXXXXXXX, XXXXX. Nelnet invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nelnet
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Nelnet
| When was Nelnet founded? | Nelnet was founded in 1978. |
| Where is Nelnet headquartered? | Nelnet is headquartered in United States. |
| How many employees does Nelnet have? | As of today, Nelnet has over 6K employees. |
| Who is the CEO of Nelnet? | Nelnet's CEO is Jeffrey R. Noordhoek. |
| Is Nelnet publicly listed? | Yes, Nelnet is a public company listed on NYSE. |
| What is the stock symbol of Nelnet? | Nelnet trades under NNI ticker. |
| When did Nelnet go public? | Nelnet went public in 2003. |
| Who are competitors of Nelnet? | Nelnet main competitors are Klarna, Authum Investment, Credit Acceptance, Blue Owl Technology. |
| What is the current market cap of Nelnet? | Nelnet's current market cap is $5B. |
| What is the current revenue of Nelnet? | Nelnet's last 12 months revenue is $2B. |
| What is the current revenue growth of Nelnet? | Nelnet revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Nelnet? | Current revenue multiple of Nelnet is 7.2x. |
| Is Nelnet profitable? | Yes, Nelnet is net-income-positive (as of the last 12 months). |
| What is the current net income of Nelnet? | Nelnet's last 12 months net income is $401M. |
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