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Side-by-side financial comparison of NELNET INC (NNI) and OneMain Holdings, Inc. (OMF). Click either name above to swap in a different company.
OneMain Holdings, Inc. is the larger business by last-quarter revenue ($1.1B vs $107.1M, roughly 10.2× NELNET INC). NELNET INC runs the higher net margin — 53.9% vs 18.7%, a 35.3% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (33.8% vs 8.3%). Over the past eight quarters, NELNET INC's revenue compounded faster (20.1% CAGR vs 10.4%).
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.
OneMain Holdings, Inc.OMFEarnings & Financial Report
OneMain Holdings, Inc. is an American financial services holding company headquartered in Evansville, Indiana, with central offices throughout the United States. The company wholly owns OneMain Finance Corporation and its subsidiaries, through which it operates in the consumer finance and insurance industries as OneMain Financial. Its business primarily focuses on providing personal loans and optional insurance products to customers with limited access to traditional lenders, such as banks an...
NNI vs OMF — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $107.1M | $1.1B |
| Net Profit | $57.8M | $204.0M |
| Gross Margin | 50.5% | — |
| Operating Margin | — | 22.8% |
| Net Margin | 53.9% | 18.7% |
| Revenue YoY | 33.8% | 8.3% |
| Net Profit YoY | -8.8% | 61.9% |
| EPS (diluted) | $1.62 | $1.71 |
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 | $107.1M | $1.1B | ||
| Q3 25 | $85.3M | $1.1B | ||
| Q2 25 | $79.4M | $1.0B | ||
| Q1 25 | $82.7M | $996.0M | ||
| Q4 24 | $80.1M | $1.0B | ||
| Q3 24 | $72.2M | $981.0M | ||
| Q2 24 | $66.4M | $922.0M | ||
| Q1 24 | $74.2M | $896.0M |
| Q4 25 | $57.8M | $204.0M | ||
| Q3 25 | $106.7M | $199.0M | ||
| Q2 25 | $181.5M | $167.0M | ||
| Q1 25 | $82.6M | $213.0M | ||
| Q4 24 | $63.4M | $126.0M | ||
| Q3 24 | $2.4M | $157.0M | ||
| Q2 24 | $45.1M | $71.0M | ||
| Q1 24 | $73.2M | $155.0M |
| 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% | — |
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | 97.7% | 16.3% | ||
| Q3 24 | -3.1% | 21.1% | ||
| Q2 24 | 88.0% | 10.0% | ||
| Q1 24 | — | 22.8% |
| Q4 25 | 53.9% | 18.7% | ||
| Q3 25 | 125.1% | 18.6% | ||
| Q2 25 | 228.4% | 16.3% | ||
| Q1 25 | 99.8% | 21.4% | ||
| Q4 24 | 79.1% | 12.5% | ||
| Q3 24 | 3.3% | 16.0% | ||
| Q2 24 | 67.9% | 7.7% | ||
| Q1 24 | 98.6% | 17.3% |
| Q4 25 | $1.62 | $1.71 | ||
| Q3 25 | $2.94 | $1.67 | ||
| Q2 25 | $4.97 | $1.40 | ||
| Q1 25 | $2.26 | $1.78 | ||
| Q4 24 | $1.75 | $1.05 | ||
| Q3 24 | $0.07 | $1.31 | ||
| Q2 24 | $1.23 | $0.59 | ||
| Q1 24 | $1.97 | $1.29 |
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 | $914.0M |
| Total DebtLower is stronger | $7.8B | $22.7B |
| Stockholders' EquityBook value | $3.7B | $3.4B |
| Total Assets | $14.1B | $27.4B |
| Debt / EquityLower = less leverage | 2.11× | 6.67× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $296.0M | $914.0M | ||
| Q3 25 | $216.4M | $658.0M | ||
| Q2 25 | $225.8M | $769.0M | ||
| Q1 25 | $220.5M | $627.0M | ||
| Q4 24 | $194.5M | $458.0M | ||
| Q3 24 | $219.7M | $577.0M | ||
| Q2 24 | $145.5M | $667.0M | ||
| Q1 24 | $179.7M | $831.0M |
| Q4 25 | $7.8B | $22.7B | ||
| Q3 25 | $7.8B | $22.3B | ||
| Q2 25 | $7.9B | $22.1B | ||
| Q1 25 | $8.7B | $21.5B | ||
| Q4 24 | $8.3B | $21.4B | ||
| Q3 24 | $8.9B | $21.1B | ||
| Q2 24 | $9.6B | $20.7B | ||
| Q1 24 | $10.6B | $19.5B |
| Q4 25 | $3.7B | $3.4B | ||
| Q3 25 | $3.7B | $3.4B | ||
| Q2 25 | $3.6B | $3.3B | ||
| Q1 25 | $3.4B | $3.3B | ||
| Q4 24 | $3.3B | $3.2B | ||
| Q3 24 | $3.3B | $3.2B | ||
| Q2 24 | $3.3B | $3.2B | ||
| Q1 24 | $3.3B | $3.2B |
| Q4 25 | $14.1B | $27.4B | ||
| Q3 25 | $13.9B | $27.0B | ||
| Q2 25 | $13.7B | $26.6B | ||
| Q1 25 | $14.2B | $26.0B | ||
| Q4 24 | $13.8B | $25.9B | ||
| Q3 24 | $14.1B | $25.6B | ||
| Q2 24 | $14.5B | $25.1B | ||
| Q1 24 | $15.4B | $23.9B |
| Q4 25 | 2.11× | 6.67× | ||
| Q3 25 | 2.14× | 6.61× | ||
| Q2 25 | 2.21× | 6.63× | ||
| Q1 25 | 2.53× | 6.55× | ||
| Q4 24 | 2.48× | 6.72× | ||
| Q3 24 | 2.72× | 6.59× | ||
| Q2 24 | 2.90× | 6.56× | ||
| Q1 24 | 3.20× | 6.07× |
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 | $137.6M | $865.0M |
| Free Cash FlowOCF − Capex | $130.1M | — |
| FCF MarginFCF / Revenue | 121.5% | — |
| Capex IntensityCapex / Revenue | 7.0% | — |
| Cash ConversionOCF / Net Profit | 2.38× | 4.24× |
| TTM Free Cash FlowTrailing 4 quarters | $396.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.6M | $865.0M | ||
| Q3 25 | $112.4M | $828.0M | ||
| Q2 25 | $81.8M | $774.0M | ||
| Q1 25 | $91.2M | $665.0M | ||
| Q4 24 | $180.5M | $752.0M | ||
| Q3 24 | $137.0M | $677.0M | ||
| Q2 24 | $133.4M | $712.0M | ||
| Q1 24 | $211.9M | $558.0M |
| Q4 25 | $130.1M | — | ||
| Q3 25 | $100.8M | — | ||
| Q2 25 | $78.1M | — | ||
| Q1 25 | $87.8M | — | ||
| Q4 24 | $163.2M | — | ||
| Q3 24 | $132.6M | — | ||
| Q2 24 | $122.8M | — | ||
| Q1 24 | $188.7M | — |
| Q4 25 | 121.5% | — | ||
| Q3 25 | 118.2% | — | ||
| Q2 25 | 98.3% | — | ||
| Q1 25 | 106.1% | — | ||
| Q4 24 | 203.7% | — | ||
| Q3 24 | 183.8% | — | ||
| Q2 24 | 184.9% | — | ||
| Q1 24 | 254.2% | — |
| Q4 25 | 7.0% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 16.0% | — | ||
| Q1 24 | 31.3% | — |
| Q4 25 | 2.38× | 4.24× | ||
| Q3 25 | 1.05× | 4.16× | ||
| Q2 25 | 0.45× | 4.63× | ||
| Q1 25 | 1.10× | 3.12× | ||
| Q4 24 | 2.85× | 5.97× | ||
| Q3 24 | 57.39× | 4.31× | ||
| Q2 24 | 2.96× | 10.03× | ||
| Q1 24 | 2.89× | 3.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NNI
| Reinsurance Premiums Earned | $33.5M | 31% |
| Tuition Payment Plan Services | $32.2M | 30% |
| Private Education And Consumer Loan Servicing | $24.8M | 23% |
| Software Services | $11.4M | 11% |
| Solar Construction Revenue | $3.4M | 3% |
| Investment Advice | $1.4M | 1% |
OMF
Segment breakdown not available.
