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Side-by-side financial comparison of New Gold Inc. (NGD) and NELNET INC (NNI). Click either name above to swap in a different company.

New Gold Inc. is the larger business by last-quarter revenue ($44.1M vs $33.5M, roughly 1.3× NELNET INC).

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

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.

NGD vs NNI — Head-to-Head

Bigger by revenue
NGD
NGD
1.3× larger
NGD
$44.1M
$33.5M
NNI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NGD
NGD
NNI
NNI
Revenue
$44.1M
$33.5M
Net Profit
$57.8M
Gross Margin
50.5%
Operating Margin
Net Margin
172.3%
Revenue YoY
79.6%
Net Profit YoY
-8.5%
EPS (diluted)
$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
NGD
NGD
NNI
NNI
Q4 25
$33.5M
Q3 25
$44.1M
$23.2M
Q2 25
$26.1M
Q1 25
$24.7M
Q4 24
$18.7M
Q3 24
$16.6M
Q2 24
$14.9M
Q1 24
$12.8M
Net Profit
NGD
NGD
NNI
NNI
Q4 25
$57.8M
Q3 25
$106.7M
Q2 25
$181.5M
Q1 25
$82.6M
Q4 24
$63.2M
Q3 24
$2.4M
Q2 24
$45.1M
Q1 24
$73.4M
Gross Margin
NGD
NGD
NNI
NNI
Q4 25
50.5%
Q3 25
29.6%
Q2 25
29.8%
Q1 25
30.5%
Q4 24
13.7%
Q3 24
0.1%
Q2 24
27.3%
Q1 24
15.3%
Operating Margin
NGD
NGD
NNI
NNI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
97.7%
Q3 24
-13.4%
Q2 24
88.0%
Q1 24
Net Margin
NGD
NGD
NNI
NNI
Q4 25
172.3%
Q3 25
460.5%
Q2 25
694.9%
Q1 25
334.4%
Q4 24
338.2%
Q3 24
14.4%
Q2 24
303.6%
Q1 24
574.4%
EPS (diluted)
NGD
NGD
NNI
NNI
Q4 25
$1.62
Q3 25
$2.94
Q2 25
$4.97
Q1 25
$2.26
Q4 24
$1.74
Q3 24
$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
NGD
NGD
NNI
NNI
Cash + ST InvestmentsLiquidity on hand
$296.0M
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$3.7B
Total Assets
$14.1B
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGD
NGD
NNI
NNI
Q4 25
$296.0M
Q3 25
$216.4M
Q2 25
$225.8M
Q1 25
$220.5M
Q4 24
$194.5M
Q3 24
$219.7M
Q2 24
$145.5M
Q1 24
$179.7M
Total Debt
NGD
NGD
NNI
NNI
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
Stockholders' Equity
NGD
NGD
NNI
NNI
Q4 25
$3.7B
Q3 25
$3.7B
Q2 25
$3.6B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$3.3B
Q1 24
$3.3B
Total Assets
NGD
NGD
NNI
NNI
Q4 25
$14.1B
Q3 25
$13.9B
Q2 25
$13.7B
Q1 25
$14.2B
Q4 24
$13.8B
Q3 24
$14.1B
Q2 24
$14.5B
Q1 24
$15.4B
Debt / Equity
NGD
NGD
NNI
NNI
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
NGD
NGD
NNI
NNI
Operating Cash FlowLast quarter
$423.0M
Free Cash FlowOCF − Capex
$396.7M
FCF MarginFCF / Revenue
1183.0%
Capex IntensityCapex / Revenue
78.2%
Cash ConversionOCF / Net Profit
7.32×
TTM Free Cash FlowTrailing 4 quarters
$663.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGD
NGD
NNI
NNI
Q4 25
$423.0M
Q3 25
$112.4M
Q2 25
$81.8M
Q1 25
$91.2M
Q4 24
$662.9M
Q3 24
$137.0M
Q2 24
$133.8M
Q1 24
$211.6M
Free Cash Flow
NGD
NGD
NNI
NNI
Q4 25
$396.7M
Q3 25
$100.8M
Q2 25
$78.1M
Q1 25
$87.8M
Q4 24
$642.0M
Q3 24
$132.6M
Q2 24
$123.1M
Q1 24
$188.3M
FCF Margin
NGD
NGD
NNI
NNI
Q4 25
1183.0%
Q3 25
435.0%
Q2 25
299.0%
Q1 25
355.6%
Q4 24
3438.0%
Q3 24
797.9%
Q2 24
829.2%
Q1 24
1473.7%
Capex Intensity
NGD
NGD
NNI
NNI
Q4 25
78.2%
Q3 25
50.4%
Q2 25
14.2%
Q1 25
13.7%
Q4 24
111.9%
Q3 24
26.7%
Q2 24
71.5%
Q1 24
181.7%
Cash Conversion
NGD
NGD
NNI
NNI
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.

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