Nelnet Inc (NNI) EV to FCF (2011 - 2026)
Nelnet's (NNI) EV to FCF came in at 12.35 for Q2 2026, up 49.5% from 8.26 a year earlier and up 6.8% from the prior quarter.
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Analysis
Nelnet Inc (NNI) EV to FCF (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to FCF at Nelnet was 10.29, up 47.3% year-over-year; for FY2025, it was 11.16, up 95.3% from FY2024.
- In prior years, Nelnet's EV to FCF was 5.71 in FY2024 (-33.6%), 8.60 in FY2023 (+62.8%), 5.28 in FY2022 (-38.9%) and 8.65 in FY2021 (-23.3%).
- The Q2 2026 figure stands as the highest quarterly EV to FCF since Q2 2020.
- On a year-over-year basis, EV to FCF has increased in each of the last five quarters, with growth averaging 23.7% over the last eight quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was Q3 2023, with growth of 157.8%; the weakest was Q3 2022, with a decline of 40.5%.
- According to Business Quant data, EV to FCF for the three prior quarters was 11.57 (Q1 2026), 11.16 (Q4 2025) and 9.19 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.35 |
| Mar 31, 2026 | 11.57 |
| Dec 31, 2025 | 11.16 |
| Sep 30, 2025 | 9.19 |
| Jun 30, 2025 | 8.26 |
| Mar 31, 2025 | 6.96 |
| Dec 31, 2024 | 5.71 |
| Sep 30, 2024 | 7.62 |
| Jun 30, 2024 | 6.82 |
| Mar 31, 2024 | 7.34 |
| Dec 31, 2023 | 8.60 |
| Sep 30, 2023 | 10.05 |
| Jun 30, 2023 | 10.39 |
| Mar 31, 2023 | 7.00 |
| Dec 31, 2022 | 5.28 |
| Sep 30, 2022 | 3.90 |
| Jun 30, 2022 | 4.31 |
| Mar 31, 2022 | 4.72 |
| Dec 31, 2021 | 8.65 |
| Sep 30, 2021 | 6.55 |
API Access
Nelnet Inc EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=NNI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "NNI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=NNI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();