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Side-by-side financial comparison of INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC) 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 $21.8M, roughly 1.5× INNOVATIVE SOLUTIONS & SUPPORT INC). NELNET INC runs the higher net margin — 172.3% vs 18.6%, a 153.6% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs 36.6%). NELNET INC produced more free cash flow last quarter ($396.7M vs $7.0M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 42.5%).

Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc., and is its legal successor; the former company's mobile phone division was spun off as Motorola Mobility, now part of Chinese technology company...

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.

ISSC vs NNI — Head-to-Head

Bigger by revenue
NNI
NNI
1.5× larger
NNI
$33.5M
$21.8M
ISSC
Growing faster (revenue YoY)
NNI
NNI
+43.0% gap
NNI
79.6%
36.6%
ISSC
Higher net margin
NNI
NNI
153.6% more per $
NNI
172.3%
18.6%
ISSC
More free cash flow
NNI
NNI
$389.7M more FCF
NNI
$396.7M
$7.0M
ISSC
Faster 2-yr revenue CAGR
NNI
NNI
Annualised
NNI
62.0%
42.5%
ISSC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ISSC
ISSC
NNI
NNI
Revenue
$21.8M
$33.5M
Net Profit
$4.1M
$57.8M
Gross Margin
54.5%
50.5%
Operating Margin
28.9%
Net Margin
18.6%
172.3%
Revenue YoY
36.6%
79.6%
Net Profit YoY
451.4%
-8.5%
EPS (diluted)
$0.22
$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.

Revenue
ISSC
ISSC
NNI
NNI
Q4 25
$21.8M
$33.5M
Q3 25
$22.2M
$23.2M
Q2 25
$24.1M
$26.1M
Q1 25
$21.9M
$24.7M
Q4 24
$16.0M
$18.7M
Q3 24
$15.4M
$16.6M
Q2 24
$11.8M
$14.9M
Q1 24
$10.7M
$12.8M
Net Profit
ISSC
ISSC
NNI
NNI
Q4 25
$4.1M
$57.8M
Q3 25
$7.1M
$106.7M
Q2 25
$2.4M
$181.5M
Q1 25
$5.3M
$82.6M
Q4 24
$736.2K
$63.2M
Q3 24
$3.2M
$2.4M
Q2 24
$1.6M
$45.1M
Q1 24
$1.2M
$73.4M
Gross Margin
ISSC
ISSC
NNI
NNI
Q4 25
54.5%
50.5%
Q3 25
63.2%
29.6%
Q2 25
35.5%
29.8%
Q1 25
51.4%
30.5%
Q4 24
41.4%
13.7%
Q3 24
55.4%
0.1%
Q2 24
53.4%
27.3%
Q1 24
52.0%
15.3%
Operating Margin
ISSC
ISSC
NNI
NNI
Q4 25
28.9%
Q3 25
37.0%
Q2 25
14.6%
Q1 25
31.8%
Q4 24
8.4%
97.7%
Q3 24
28.4%
-13.4%
Q2 24
17.3%
88.0%
Q1 24
15.3%
Net Margin
ISSC
ISSC
NNI
NNI
Q4 25
18.6%
172.3%
Q3 25
32.0%
460.5%
Q2 25
10.1%
694.9%
Q1 25
24.3%
334.4%
Q4 24
4.6%
338.2%
Q3 24
20.7%
14.4%
Q2 24
13.2%
303.6%
Q1 24
11.3%
574.4%
EPS (diluted)
ISSC
ISSC
NNI
NNI
Q4 25
$0.22
$1.62
Q3 25
$0.40
$2.94
Q2 25
$0.14
$4.97
Q1 25
$0.30
$2.26
Q4 24
$0.04
$1.74
Q3 24
$0.18
$0.07
Q2 24
$0.09
$1.23
Q1 24
$0.07
$1.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ISSC
ISSC
NNI
NNI
Cash + ST InvestmentsLiquidity on hand
$8.3M
$296.0M
Total DebtLower is stronger
$23.8M
$7.8B
Stockholders' EquityBook value
$68.7M
$3.7B
Total Assets
$109.9M
$14.1B
Debt / EquityLower = less leverage
0.35×
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISSC
ISSC
NNI
NNI
Q4 25
$8.3M
$296.0M
Q3 25
$2.7M
$216.4M
Q2 25
$601.8K
$225.8M
Q1 25
$1.2M
$220.5M
Q4 24
$604.6K
$194.5M
Q3 24
$539.0K
$219.7M
Q2 24
$521.0K
$145.5M
Q1 24
$574.1K
$179.7M
Total Debt
ISSC
ISSC
NNI
NNI
Q4 25
$23.8M
$7.8B
Q3 25
$24.4M
$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
Stockholders' Equity
ISSC
ISSC
NNI
NNI
Q4 25
$68.7M
$3.7B
Q3 25
$64.6M
$3.7B
Q2 25
$56.8M
$3.6B
Q1 25
$53.5M
$3.4B
Q4 24
$47.8M
$3.3B
Q3 24
$46.6M
$3.3B
Q2 24
$43.2M
$3.3B
Q1 24
$41.4M
$3.3B
Total Assets
ISSC
ISSC
NNI
NNI
Q4 25
$109.9M
$14.1B
Q3 25
$103.4M
$13.9B
Q2 25
$91.8M
$13.7B
Q1 25
$89.9M
$14.2B
Q4 24
$81.3M
$13.8B
Q3 24
$82.4M
$14.1B
Q2 24
$59.8M
$14.5B
Q1 24
$57.6M
$15.4B
Debt / Equity
ISSC
ISSC
NNI
NNI
Q4 25
0.35×
2.11×
Q3 25
0.38×
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
ISSC
ISSC
NNI
NNI
Operating Cash FlowLast quarter
$8.2M
$423.0M
Free Cash FlowOCF − Capex
$7.0M
$396.7M
FCF MarginFCF / Revenue
32.3%
1183.0%
Capex IntensityCapex / Revenue
5.1%
78.2%
Cash ConversionOCF / Net Profit
2.01×
7.32×
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$663.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISSC
ISSC
NNI
NNI
Q4 25
$8.2M
$423.0M
Q3 25
$3.0M
$112.4M
Q2 25
$7.2M
$81.8M
Q1 25
$1.3M
$91.2M
Q4 24
$1.8M
$662.9M
Q3 24
$445.3K
$137.0M
Q2 24
$934.1K
$133.8M
Q1 24
$201.1K
$211.6M
Free Cash Flow
ISSC
ISSC
NNI
NNI
Q4 25
$7.0M
$396.7M
Q3 25
$2.0M
$100.8M
Q2 25
$3.5M
$78.1M
Q1 25
$-267.7K
$87.8M
Q4 24
$1.6M
$642.0M
Q3 24
$299.5K
$132.6M
Q2 24
$730.8K
$123.1M
Q1 24
$75.4K
$188.3M
FCF Margin
ISSC
ISSC
NNI
NNI
Q4 25
32.3%
1183.0%
Q3 25
8.8%
435.0%
Q2 25
14.6%
299.0%
Q1 25
-1.2%
355.6%
Q4 24
9.9%
3438.0%
Q3 24
1.9%
797.9%
Q2 24
6.2%
829.2%
Q1 24
0.7%
1473.7%
Capex Intensity
ISSC
ISSC
NNI
NNI
Q4 25
5.1%
78.2%
Q3 25
4.5%
50.4%
Q2 25
15.3%
14.2%
Q1 25
7.1%
13.7%
Q4 24
1.6%
111.9%
Q3 24
0.9%
26.7%
Q2 24
1.7%
71.5%
Q1 24
1.2%
181.7%
Cash Conversion
ISSC
ISSC
NNI
NNI
Q4 25
2.01×
7.32×
Q3 25
0.42×
1.05×
Q2 25
2.95×
0.45×
Q1 25
0.24×
1.10×
Q4 24
2.50×
10.50×
Q3 24
0.14×
57.39×
Q2 24
0.60×
2.97×
Q1 24
0.17×
2.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ISSC
ISSC

Products$13.6M62%
Services$8.2M38%

NNI
NNI

Segment breakdown not available.

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