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Side-by-side financial comparison of HEALTHY CHOICE WELLNESS CORP. (HCWC) 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 $18.7M, roughly 1.8× HEALTHY CHOICE WELLNESS CORP.). NELNET INC runs the higher net margin — 172.3% vs -8.9%, a 181.1% gap on every dollar of revenue. NELNET INC produced more free cash flow last quarter ($396.7M vs $-927.1K).
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.
HCWC vs NNI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.7M | $33.5M |
| Net Profit | $-1.7M | $57.8M |
| Gross Margin | 39.1% | 50.5% |
| Operating Margin | -7.6% | — |
| Net Margin | -8.9% | 172.3% |
| Revenue YoY | — | 79.6% |
| Net Profit YoY | — | -8.5% |
| EPS (diluted) | $-0.05 | $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 | $18.7M | $33.5M | ||
| Q3 25 | $19.0M | $23.2M | ||
| Q2 25 | $20.2M | $26.1M | ||
| Q1 25 | $20.3M | $24.7M | ||
| Q4 24 | — | $18.7M | ||
| Q3 24 | $18.2M | $16.6M | ||
| Q2 24 | — | $14.9M | ||
| Q1 24 | — | $12.8M |
| Q4 25 | $-1.7M | $57.8M | ||
| Q3 25 | $-1.2M | $106.7M | ||
| Q2 25 | $-339.4K | $181.5M | ||
| Q1 25 | $-712.4K | $82.6M | ||
| Q4 24 | — | $63.2M | ||
| Q3 24 | $-2.7M | $2.4M | ||
| Q2 24 | — | $45.1M | ||
| Q1 24 | — | $73.4M |
| Q4 25 | 39.1% | 50.5% | ||
| Q3 25 | 38.8% | 29.6% | ||
| Q2 25 | 40.1% | 29.8% | ||
| Q1 25 | 38.8% | 30.5% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | 38.4% | 0.1% | ||
| Q2 24 | — | 27.3% | ||
| Q1 24 | — | 15.3% |
| Q4 25 | -7.6% | — | ||
| Q3 25 | -3.2% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | — | 97.7% | ||
| Q3 24 | -2.0% | -13.4% | ||
| Q2 24 | — | 88.0% | ||
| Q1 24 | — | — |
| Q4 25 | -8.9% | 172.3% | ||
| Q3 25 | -6.4% | 460.5% | ||
| Q2 25 | -1.7% | 694.9% | ||
| Q1 25 | -3.5% | 334.4% | ||
| Q4 24 | — | 338.2% | ||
| Q3 24 | -14.6% | 14.4% | ||
| Q2 24 | — | 303.6% | ||
| Q1 24 | — | 574.4% |
| Q4 25 | $-0.05 | $1.62 | ||
| Q3 25 | $-0.09 | $2.94 | ||
| Q2 25 | $-0.03 | $4.97 | ||
| Q1 25 | $-0.07 | $2.26 | ||
| Q4 24 | — | $1.74 | ||
| Q3 24 | $-0.29 | $0.07 | ||
| Q2 24 | — | $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 | $3.0M | $296.0M |
| Total DebtLower is stronger | $7.3M | $7.8B |
| Stockholders' EquityBook value | $7.3M | $3.7B |
| Total Assets | $33.5M | $14.1B |
| Debt / EquityLower = less leverage | 1.00× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $296.0M | ||
| Q3 25 | $3.0M | $216.4M | ||
| Q2 25 | $4.7M | $225.8M | ||
| Q1 25 | $1.8M | $220.5M | ||
| Q4 24 | — | $194.5M | ||
| Q3 24 | $1.8M | $219.7M | ||
| Q2 24 | — | $145.5M | ||
| Q1 24 | — | $179.7M |
| Q4 25 | $7.3M | $7.8B | ||
| Q3 25 | $8.5M | $7.8B | ||
| Q2 25 | $9.7M | $7.9B | ||
| Q1 25 | $10.6M | $8.7B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | $11.6M | $8.9B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $10.6B |
| Q4 25 | $7.3M | $3.7B | ||
| Q3 25 | $5.9M | $3.7B | ||
| Q2 25 | $5.8M | $3.6B | ||
| Q1 25 | $2.1M | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $2.9M | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | $33.5M | $14.1B | ||
| Q3 25 | $33.7M | $13.9B | ||
| Q2 25 | $36.4M | $13.7B | ||
| Q1 25 | $34.1M | $14.2B | ||
| Q4 24 | — | $13.8B | ||
| Q3 24 | $33.2M | $14.1B | ||
| Q2 24 | — | $14.5B | ||
| Q1 24 | — | $15.4B |
| Q4 25 | 1.00× | 2.11× | ||
| Q3 25 | 1.43× | 2.14× | ||
| Q2 25 | 1.69× | 2.21× | ||
| Q1 25 | 5.01× | 2.53× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | 3.95× | 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 | $-855.1K | $423.0M |
| Free Cash FlowOCF − Capex | $-927.1K | $396.7M |
| FCF MarginFCF / Revenue | -5.0% | 1183.0% |
| Capex IntensityCapex / Revenue | 0.4% | 78.2% |
| Cash ConversionOCF / Net Profit | — | 7.32× |
| TTM Free Cash FlowTrailing 4 quarters | $675.4K | $663.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-855.1K | $423.0M | ||
| Q3 25 | $-308.7K | $112.4M | ||
| Q2 25 | $1.1M | $81.8M | ||
| Q1 25 | $1.1M | $91.2M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $133.8M | ||
| Q1 24 | — | $211.6M |
| Q4 25 | $-927.1K | $396.7M | ||
| Q3 25 | $-351.3K | $100.8M | ||
| Q2 25 | $988.6K | $78.1M | ||
| Q1 25 | $965.3K | $87.8M | ||
| Q4 24 | — | $642.0M | ||
| Q3 24 | — | $132.6M | ||
| Q2 24 | — | $123.1M | ||
| Q1 24 | — | $188.3M |
| Q4 25 | -5.0% | 1183.0% | ||
| Q3 25 | -1.8% | 435.0% | ||
| Q2 25 | 4.9% | 299.0% | ||
| Q1 25 | 4.8% | 355.6% | ||
| Q4 24 | — | 3438.0% | ||
| Q3 24 | — | 797.9% | ||
| Q2 24 | — | 829.2% | ||
| Q1 24 | — | 1473.7% |
| Q4 25 | 0.4% | 78.2% | ||
| Q3 25 | 0.2% | 50.4% | ||
| Q2 25 | 0.4% | 14.2% | ||
| Q1 25 | 0.6% | 13.7% | ||
| Q4 24 | — | 111.9% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 71.5% | ||
| Q1 24 | — | 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
HCWC
| Retail Grocery | $17.1M | 91% |
| Food Service Restaurant | $1.7M | 9% |
NNI
Segment breakdown not available.
