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Side-by-side financial comparison of FutureFuel Corp. (FF) 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 $19.8M, roughly 1.7× FutureFuel Corp.). NELNET INC runs the higher net margin — 172.3% vs -60.5%, a 232.8% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs -67.7%). NELNET INC produced more free cash flow last quarter ($396.7M vs $-29.9M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs -41.7%).
FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.
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.
FF vs NNI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.8M | $33.5M |
| Net Profit | $-12.0M | $57.8M |
| Gross Margin | -46.7% | 50.5% |
| Operating Margin | -62.9% | — |
| Net Margin | -60.5% | 172.3% |
| Revenue YoY | -67.7% | 79.6% |
| Net Profit YoY | -529.4% | -8.5% |
| EPS (diluted) | $-0.28 | $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 | $19.8M | $33.5M | ||
| Q3 25 | $22.7M | $23.2M | ||
| Q2 25 | $35.7M | $26.1M | ||
| Q1 25 | $17.5M | $24.7M | ||
| Q4 24 | $61.5M | $18.7M | ||
| Q3 24 | $51.1M | $16.6M | ||
| Q2 24 | $72.4M | $14.9M | ||
| Q1 24 | $58.3M | $12.8M |
| Q4 25 | $-12.0M | $57.8M | ||
| Q3 25 | $-9.3M | $106.7M | ||
| Q2 25 | $-10.4M | $181.5M | ||
| Q1 25 | $-17.6M | $82.6M | ||
| Q4 24 | $2.8M | $63.2M | ||
| Q3 24 | $-1.2M | $2.4M | ||
| Q2 24 | $9.6M | $45.1M | ||
| Q1 24 | $4.3M | $73.4M |
| Q4 25 | -46.7% | 50.5% | ||
| Q3 25 | -30.1% | 29.6% | ||
| Q2 25 | -24.6% | 29.8% | ||
| Q1 25 | -83.0% | 30.5% | ||
| Q4 24 | 9.1% | 13.7% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 12.0% | 27.3% | ||
| Q1 24 | 8.6% | 15.3% |
| Q4 25 | -62.9% | — | ||
| Q3 25 | -42.9% | — | ||
| Q2 25 | -33.4% | — | ||
| Q1 25 | -107.4% | — | ||
| Q4 24 | 2.6% | 97.7% | ||
| Q3 24 | -5.6% | -13.4% | ||
| Q2 24 | 7.5% | 88.0% | ||
| Q1 24 | 3.8% | — |
| Q4 25 | -60.5% | 172.3% | ||
| Q3 25 | -41.1% | 460.5% | ||
| Q2 25 | -29.2% | 694.9% | ||
| Q1 25 | -100.6% | 334.4% | ||
| Q4 24 | 4.5% | 338.2% | ||
| Q3 24 | -2.3% | 14.4% | ||
| Q2 24 | 13.2% | 303.6% | ||
| Q1 24 | 7.4% | 574.4% |
| Q4 25 | $-0.28 | $1.62 | ||
| Q3 25 | $-0.21 | $2.94 | ||
| Q2 25 | $-0.24 | $4.97 | ||
| Q1 25 | $-0.40 | $2.26 | ||
| Q4 24 | $0.06 | $1.74 | ||
| Q3 24 | $-0.03 | $0.07 | ||
| Q2 24 | $0.22 | $1.23 | ||
| Q1 24 | $0.10 | $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 | $51.3M | $296.0M |
| Total DebtLower is stronger | — | $7.8B |
| Stockholders' EquityBook value | $154.7M | $3.7B |
| Total Assets | $192.2M | $14.1B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $51.3M | $296.0M | ||
| Q3 25 | $85.6M | $216.4M | ||
| Q2 25 | $95.2M | $225.8M | ||
| Q1 25 | $97.1M | $220.5M | ||
| Q4 24 | $109.5M | $194.5M | ||
| Q3 24 | $133.4M | $219.7M | ||
| Q2 24 | $115.1M | $145.5M | ||
| Q1 24 | $201.1M | $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 | $154.7M | $3.7B | ||
| Q3 25 | $169.1M | $3.7B | ||
| Q2 25 | $178.2M | $3.6B | ||
| Q1 25 | $188.4M | $3.4B | ||
| Q4 24 | $205.8M | $3.3B | ||
| Q3 24 | $213.3M | $3.3B | ||
| Q2 24 | $214.4M | $3.3B | ||
| Q1 24 | $204.8M | $3.3B |
| Q4 25 | $192.2M | $14.1B | ||
| Q3 25 | $203.5M | $13.9B | ||
| Q2 25 | $218.2M | $13.7B | ||
| Q1 25 | $227.7M | $14.2B | ||
| Q4 24 | $247.7M | $13.8B | ||
| Q3 24 | $256.5M | $14.1B | ||
| Q2 24 | $261.2M | $14.5B | ||
| Q1 24 | $365.4M | $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 | $-27.4M | $423.0M |
| Free Cash FlowOCF − Capex | $-29.9M | $396.7M |
| FCF MarginFCF / Revenue | -150.5% | 1183.0% |
| Capex IntensityCapex / Revenue | 12.2% | 78.2% |
| Cash ConversionOCF / Net Profit | — | 7.32× |
| TTM Free Cash FlowTrailing 4 quarters | $-46.0M | $663.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-27.4M | $423.0M | ||
| Q3 25 | $-1.1M | $112.4M | ||
| Q2 25 | $5.2M | $81.8M | ||
| Q1 25 | $-5.4M | $91.2M | ||
| Q4 24 | $-16.6M | $662.9M | ||
| Q3 24 | $25.8M | $137.0M | ||
| Q2 24 | $27.8M | $133.8M | ||
| Q1 24 | $-12.2M | $211.6M |
| Q4 25 | $-29.9M | $396.7M | ||
| Q3 25 | $-6.5M | $100.8M | ||
| Q2 25 | $-263.0K | $78.1M | ||
| Q1 25 | $-9.4M | $87.8M | ||
| Q4 24 | $-20.7M | $642.0M | ||
| Q3 24 | $20.5M | $132.6M | ||
| Q2 24 | $24.8M | $123.1M | ||
| Q1 24 | $-14.5M | $188.3M |
| Q4 25 | -150.5% | 1183.0% | ||
| Q3 25 | -28.5% | 435.0% | ||
| Q2 25 | -0.7% | 299.0% | ||
| Q1 25 | -53.6% | 355.6% | ||
| Q4 24 | -33.6% | 3438.0% | ||
| Q3 24 | 40.1% | 797.9% | ||
| Q2 24 | 34.3% | 829.2% | ||
| Q1 24 | -24.9% | 1473.7% |
| Q4 25 | 12.2% | 78.2% | ||
| Q3 25 | 23.5% | 50.4% | ||
| Q2 25 | 15.3% | 14.2% | ||
| Q1 25 | 22.8% | 13.7% | ||
| Q4 24 | 6.6% | 111.9% | ||
| Q3 24 | 10.4% | 26.7% | ||
| Q2 24 | 4.1% | 71.5% | ||
| Q1 24 | 3.9% | 181.7% |
| Q4 25 | — | 7.32× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | -5.94× | 10.50× | ||
| Q3 24 | — | 57.39× | ||
| Q2 24 | 2.90× | 2.97× | ||
| Q1 24 | -2.82× | 2.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
NNI
Segment breakdown not available.
