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Side-by-side financial comparison of BGSF, INC. (BGSF) and NELNET INC (NNI). Click either name above to swap in a different company.
NELNET INC is the larger business by last-quarter revenue ($33.5M vs $22.0M, roughly 1.5× BGSF, INC.). NELNET INC runs the higher net margin — 172.3% vs -5.3%, a 177.5% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs -9.4%). NELNET INC produced more free cash flow last quarter ($396.7M vs $1.7M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
BGSF vs NNI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $33.5M |
| Net Profit | $-1.2M | $57.8M |
| Gross Margin | 35.0% | 50.5% |
| Operating Margin | -17.6% | — |
| Net Margin | -5.3% | 172.3% |
| Revenue YoY | -9.4% | 79.6% |
| Net Profit YoY | -18.2% | -8.5% |
| EPS (diluted) | $-0.12 | $1.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $22.0M | $33.5M | ||
| Q3 25 | $26.9M | $23.2M | ||
| Q2 25 | $23.5M | $26.1M | ||
| Q1 25 | $20.9M | $24.7M | ||
| Q4 24 | $24.3M | $18.7M | ||
| Q3 24 | $29.8M | $16.6M | ||
| Q2 24 | $25.7M | $14.9M | ||
| Q1 24 | $24.5M | $12.8M |
| Q4 25 | $-1.2M | $57.8M | ||
| Q3 25 | $-5.8M | $106.7M | ||
| Q2 25 | $-3.7M | $181.5M | ||
| Q1 25 | $-722.0K | $82.6M | ||
| Q4 24 | $-981.0K | $63.2M | ||
| Q3 24 | $-804.0K | $2.4M | ||
| Q2 24 | $-761.0K | $45.1M | ||
| Q1 24 | $-792.0K | $73.4M |
| Q4 25 | 35.0% | 50.5% | ||
| Q3 25 | 35.9% | 29.6% | ||
| Q2 25 | 35.8% | 29.8% | ||
| Q1 25 | 36.2% | 30.5% | ||
| Q4 24 | 35.9% | 13.7% | ||
| Q3 24 | 35.9% | 0.1% | ||
| Q2 24 | 37.3% | 27.3% | ||
| Q1 24 | 38.1% | 15.3% |
| Q4 25 | -17.6% | — | ||
| Q3 25 | -3.5% | — | ||
| Q2 25 | -18.8% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | -15.7% | 97.7% | ||
| Q3 24 | -3.4% | -13.4% | ||
| Q2 24 | -5.7% | 88.0% | ||
| Q1 24 | 1.7% | — |
| Q4 25 | -5.3% | 172.3% | ||
| Q3 25 | -21.6% | 460.5% | ||
| Q2 25 | -15.9% | 694.9% | ||
| Q1 25 | -3.5% | 334.4% | ||
| Q4 24 | -4.0% | 338.2% | ||
| Q3 24 | -2.7% | 14.4% | ||
| Q2 24 | -3.0% | 303.6% | ||
| Q1 24 | -3.2% | 574.4% |
| Q4 25 | $-0.12 | $1.62 | ||
| Q3 25 | $-0.52 | $2.94 | ||
| Q2 25 | $-0.34 | $4.97 | ||
| Q1 25 | $-0.06 | $2.26 | ||
| Q4 24 | — | $1.74 | ||
| Q3 24 | $-0.07 | $0.07 | ||
| Q2 24 | $-0.07 | $1.23 | ||
| Q1 24 | — | $1.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $296.0M |
| Total DebtLower is stronger | — | $7.8B |
| Stockholders' EquityBook value | $48.1M | $3.7B |
| Total Assets | $57.8M | $14.1B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $296.0M | ||
| Q3 25 | $41.2M | $216.4M | ||
| Q2 25 | $2.8M | $225.8M | ||
| Q1 25 | $2.0M | $220.5M | ||
| Q4 24 | $32.0K | $194.5M | ||
| Q3 24 | $262 | $219.7M | ||
| Q2 24 | $226 | $145.5M | ||
| Q1 24 | $50 | $179.7M |
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $10.6B |
| Q4 25 | $48.1M | $3.7B | ||
| Q3 25 | $50.7M | $3.7B | ||
| Q2 25 | $78.3M | $3.6B | ||
| Q1 25 | $81.8M | $3.4B | ||
| Q4 24 | $82.3M | $3.3B | ||
| Q3 24 | $82.9M | $3.3B | ||
| Q2 24 | $83.2M | $3.3B | ||
| Q1 24 | $83.6M | $3.3B |
| Q4 25 | $57.8M | $14.1B | ||
| Q3 25 | $83.6M | $13.9B | ||
| Q2 25 | $149.7M | $13.7B | ||
| Q1 25 | $152.3M | $14.2B | ||
| Q4 24 | $150.1M | $13.8B | ||
| Q3 24 | $157.3K | $14.1B | ||
| Q2 24 | $159.8K | $14.5B | ||
| Q1 24 | $170.6K | $15.4B |
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 3.20× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $423.0M |
| Free Cash FlowOCF − Capex | $1.7M | $396.7M |
| FCF MarginFCF / Revenue | 7.6% | 1183.0% |
| Capex IntensityCapex / Revenue | 0.1% | 78.2% |
| Cash ConversionOCF / Net Profit | — | 7.32× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $663.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $423.0M | ||
| Q3 25 | $-4.8M | $112.4M | ||
| Q2 25 | $2.2M | $81.8M | ||
| Q1 25 | $1.1M | $91.2M | ||
| Q4 24 | $3.2M | $662.9M | ||
| Q3 24 | $6.5M | $137.0M | ||
| Q2 24 | $7.3M | $133.8M | ||
| Q1 24 | $7.4M | $211.6M |
| Q4 25 | $1.7M | $396.7M | ||
| Q3 25 | $-4.9M | $100.8M | ||
| Q2 25 | $2.1M | $78.1M | ||
| Q1 25 | $1.0M | $87.8M | ||
| Q4 24 | $2.5M | $642.0M | ||
| Q3 24 | $6.5M | $132.6M | ||
| Q2 24 | $7.3M | $123.1M | ||
| Q1 24 | $6.9M | $188.3M |
| Q4 25 | 7.6% | 1183.0% | ||
| Q3 25 | -18.1% | 435.0% | ||
| Q2 25 | 9.1% | 299.0% | ||
| Q1 25 | 5.0% | 355.6% | ||
| Q4 24 | 10.2% | 3438.0% | ||
| Q3 24 | 21.7% | 797.9% | ||
| Q2 24 | 28.5% | 829.2% | ||
| Q1 24 | 28.1% | 1473.7% |
| Q4 25 | 0.1% | 78.2% | ||
| Q3 25 | 0.4% | 50.4% | ||
| Q2 25 | 0.0% | 14.2% | ||
| Q1 25 | 0.1% | 13.7% | ||
| Q4 24 | 3.0% | 111.9% | ||
| Q3 24 | 0.0% | 26.7% | ||
| Q2 24 | 0.0% | 71.5% | ||
| Q1 24 | 2.0% | 181.7% |
| Q4 25 | — | 7.32× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 10.50× | ||
| Q3 24 | — | 57.39× | ||
| Q2 24 | — | 2.97× | ||
| Q1 24 | — | 2.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
NNI
Segment breakdown not available.
