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Nelnet Valuation Multiples

Discover revenue and EBITDA valuation multiples for Nelnet and similar public comparables like Plenti Group, Credit Clear, and MoneyMe.

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

United States of America
Employees

6.7K+

Website

nelnet.com

Financials

LTM Revenue $1.5B

Last FY EBITDA n/a

EV

$12.9B

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Nelnet Financials

Nelnet has a last 12-month revenue (LTM) of $1.5B and a last 12-month EBITDA of n/a.

In the most recent fiscal year, Nelnet achieved revenue of $1.2B and an EBITDA of n/a.

Nelnet expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Nelnet P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $1.5B XXX $1.2B XXX XXX XXX
Gross Profit $1.5B XXX n/a XXX XXX XXX
Gross Margin 100% XXX n/a XXX XXX XXX
EBITDA n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBIT n/a XXX n/a XXX XXX XXX
EBIT Margin n/a XXX n/a XXX XXX XXX
Net Profit $206M XXX $184M XXX XXX XXX
Net Margin 14% XXX 16% XXX XXX XXX
Net Debt XXX XXX $8.1B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Nelnet Stock Performance

As of May 30, 2025, Nelnet's stock price is $116.

Nelnet has current market cap of $4.2B, and EV of $12.9B.

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Nelnet Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$12.9B $4.2B XXX XXX XXX XXX $5.98

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Nelnet Valuation Multiples

As of May 30, 2025, Nelnet has market cap of $4.2B and EV of $12.9B.

Nelnet's trades at 11.0x EV/Revenue multiple, and n/a EV/EBITDA.

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 20.5x.

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Nelnet Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $4.2B XXX $4.2B XXX XXX XXX
EV (current) $12.9B XXX $12.9B XXX XXX XXX
EV/Revenue 8.6x XXX 11.0x XXX XXX XXX
EV/EBITDA n/a XXX n/a XXX XXX XXX
EV/EBIT n/a XXX n/a XXX XXX XXX
EV/Gross Profit 8.6x XXX n/a XXX XXX XXX
P/E 20.5x XXX 22.9x XXX XXX XXX
EV/FCF n/a XXX 20.1x XXX XXX XXX

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Nelnet Margins & Growth Rates

Nelnet's last 12 month revenue growth is 6%

Nelnet's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged n/a for the same period.

Nelnet's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Nelnet's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Nelnet Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 6% XXX 18% XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.2M XXX XXX XXX
Opex per Employee XXX XXX n/a XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX n/a XXX XXX XXX

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Nelnet Public Comps

See public comps and valuation multiples for Online Lending and Lending Solutions comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Credit Clear XXX XXX XXX XXX XXX XXX
Humm Group XXX XXX XXX XXX XXX XXX
MoneyMe XXX XXX XXX XXX XXX XXX
Plenti Group XXX XXX XXX XXX XXX XXX
Pepper Money 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 and Investment Activity

Nelnet acquired  XXX companies to date.

Last acquisition by Nelnet was  XXXXXXXX, XXXXX XXXXX XXXXXX . Nelnet acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Nelnet

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Nelnet

When was Nelnet founded? Nelnet was founded in 1978.
Where is Nelnet headquartered? Nelnet is headquartered in United States of America.
How many employees does Nelnet have? As of today, Nelnet has 6.7K+ employees.
Who is the CEO of Nelnet? Nelnet's CEO is Mr. Jeffrey R. Noordhoek.
Is Nelnet publicy listed? Yes, Nelnet is a public company listed on NYS.
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? Similar companies to Nelnet include e.g. Credit Clear, Humm Group, MoneyMe, Plenti Group.
What is the current market cap of Nelnet? Nelnet's current market cap is $4.2B
What is the current revenue of Nelnet? Nelnet's last 12 months revenue is $1.5B.
What is the current revenue growth of Nelnet? Nelnet revenue growth (NTM/LTM) is 6%.
What is the current EV/Revenue multiple of Nelnet? Current revenue multiple of Nelnet is 8.6x.
Is Nelnet profitable? Yes, Nelnet is EBITDA-positive (as of the last 12 months).

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