Nelnet, Inc. — Earnings Quality Grade F
NNI · Financial Services
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 52 days, change +2 days YoY
AR growth 21.0% vs revenue growth 15.9%
Revenue grew 15.9% but CFFO declined -36.2%
Expense Quality
No material inventory
CapEx growth 25.5% vs revenue 15.9%. Normal
Insufficient data
Insufficient data
Cash Flow Quality
CFFO/NI = 0.99. Profits backed by cash
FCF $0.4B, FCF/NI = 0.93
Accruals ratio = 0.0%. Low accruals
Cash $0.3B covers only 4% of debt $7.8B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 5% of equity. Manageable
Insufficient data
Insufficient data
Write-offs up 983% YoY
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score — Not Applicable
Nelnet, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25