vs
Side-by-side financial comparison of NELNET INC (NNI) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $33.5M, roughly 1.5× NELNET INC). NELNET INC runs the higher net margin — 172.3% vs -106.3%, a 278.5% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs -1.4%). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 0.4%).
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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
NNI vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $33.5M | $51.2M |
| Net Profit | $57.8M | $-54.4M |
| Gross Margin | 50.5% | — |
| Operating Margin | — | -102.5% |
| Net Margin | 172.3% | -106.3% |
| Revenue YoY | 79.6% | -1.4% |
| Net Profit YoY | -8.5% | -248.5% |
| EPS (diluted) | $1.62 | $-1.23 |
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 | $33.5M | — | ||
| Q3 25 | $23.2M | $51.2M | ||
| Q2 25 | $26.1M | $47.2M | ||
| Q1 25 | $24.7M | $45.6M | ||
| Q4 24 | $18.7M | $47.6M | ||
| Q3 24 | $16.6M | $51.9M | ||
| Q2 24 | $14.9M | $48.7M | ||
| Q1 24 | $12.8M | $50.2M |
| Q4 25 | $57.8M | — | ||
| Q3 25 | $106.7M | $-54.4M | ||
| Q2 25 | $181.5M | $-6.1M | ||
| Q1 25 | $82.6M | $5.8M | ||
| Q4 24 | $63.2M | $147.4M | ||
| Q3 24 | $2.4M | $-15.6M | ||
| Q2 24 | $45.1M | $1.3M | ||
| Q1 24 | $73.4M | $6.2M |
| 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 | — | — | ||
| Q3 25 | — | -102.5% | ||
| Q2 25 | — | -10.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | 97.7% | — | ||
| Q3 24 | -13.4% | -29.6% | ||
| Q2 24 | 88.0% | 2.7% | ||
| Q1 24 | — | — |
| Q4 25 | 172.3% | — | ||
| Q3 25 | 460.5% | -106.3% | ||
| Q2 25 | 694.9% | -12.9% | ||
| Q1 25 | 334.4% | 12.8% | ||
| Q4 24 | 338.2% | 309.9% | ||
| Q3 24 | 14.4% | -30.1% | ||
| Q2 24 | 303.6% | 2.7% | ||
| Q1 24 | 574.4% | 12.4% |
| Q4 25 | $1.62 | — | ||
| Q3 25 | $2.94 | $-1.23 | ||
| Q2 25 | $4.97 | $-0.14 | ||
| Q1 25 | $2.26 | $0.13 | ||
| Q4 24 | $1.74 | $3.24 | ||
| Q3 24 | $0.07 | $-0.35 | ||
| Q2 24 | $1.23 | $0.03 | ||
| Q1 24 | $1.98 | $0.14 |
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 | — |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $3.7B | $470.1M |
| Total Assets | $14.1B | $1.6B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | $8.3B | $646.4M | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $9.6B | — | ||
| Q1 24 | $10.6B | — |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | $470.1M | ||
| Q2 25 | $3.6B | $539.6M | ||
| Q1 25 | $3.4B | $571.0M | ||
| Q4 24 | $3.3B | $579.5M | ||
| Q3 24 | $3.3B | $436.5M | ||
| Q2 24 | $3.3B | $475.2M | ||
| Q1 24 | $3.3B | $484.6M |
| Q4 25 | $14.1B | — | ||
| Q3 25 | $13.9B | $1.6B | ||
| Q2 25 | $13.7B | $1.6B | ||
| Q1 25 | $14.2B | $1.4B | ||
| Q4 24 | $13.8B | $1.4B | ||
| Q3 24 | $14.1B | $1.5B | ||
| Q2 24 | $14.5B | $1.4B | ||
| Q1 24 | $15.4B | $1.4B |
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 2.21× | — | ||
| Q1 25 | 2.53× | — | ||
| Q4 24 | 2.48× | 1.12× | ||
| 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 | $423.0M | $20.0M |
| 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.
| Q4 25 | $423.0M | — | ||
| Q3 25 | $112.4M | $20.0M | ||
| Q2 25 | $81.8M | $23.4M | ||
| Q1 25 | $91.2M | $15.6M | ||
| Q4 24 | $662.9M | $96.1M | ||
| Q3 24 | $137.0M | $17.6M | ||
| Q2 24 | $133.8M | $19.9M | ||
| Q1 24 | $211.6M | $16.6M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 7.32× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 1.10× | 2.67× | ||
| Q4 24 | 10.50× | 0.65× | ||
| Q3 24 | 57.39× | — | ||
| Q2 24 | 2.97× | 15.12× | ||
| Q1 24 | 2.88× | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
