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Side-by-side financial comparison of NELNET INC (NNI) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $33.5M, roughly 1.5× NELNET INC). NELNET INC runs the higher net margin — 172.3% vs -2.1%, a 174.4% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs 32.3%). NELNET INC produced more free cash flow last quarter ($396.7M vs $6.9M).
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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
NNI vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $33.5M | $49.0M |
| Net Profit | $57.8M | $-1.1M |
| Gross Margin | 50.5% | 53.5% |
| Operating Margin | — | 2.1% |
| Net Margin | 172.3% | -2.1% |
| Revenue YoY | 79.6% | 32.3% |
| Net Profit YoY | -8.5% | 2.9% |
| EPS (diluted) | $1.62 | $-0.02 |
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 | $49.0M | ||
| Q3 25 | $23.2M | $39.8M | ||
| Q2 25 | $26.1M | $35.1M | ||
| Q1 25 | $24.7M | $33.3M | ||
| Q4 24 | $18.7M | $37.1M | ||
| Q3 24 | $16.6M | — | ||
| Q2 24 | $14.9M | — | ||
| Q1 24 | $12.8M | — |
| Q4 25 | $57.8M | $-1.1M | ||
| Q3 25 | $106.7M | $-3.5M | ||
| Q2 25 | $181.5M | $-3.0M | ||
| Q1 25 | $82.6M | $-3.0M | ||
| Q4 24 | $63.2M | $-1.1M | ||
| Q3 24 | $2.4M | — | ||
| Q2 24 | $45.1M | — | ||
| Q1 24 | $73.4M | — |
| Q4 25 | 50.5% | 53.5% | ||
| Q3 25 | 29.6% | 48.7% | ||
| Q2 25 | 29.8% | 57.6% | ||
| Q1 25 | 30.5% | 54.6% | ||
| Q4 24 | 13.7% | 52.1% | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 15.3% | — |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | 97.7% | 1.2% | ||
| Q3 24 | -13.4% | — | ||
| Q2 24 | 88.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 172.3% | -2.1% | ||
| Q3 25 | 460.5% | -8.9% | ||
| Q2 25 | 694.9% | -8.6% | ||
| Q1 25 | 334.4% | -9.1% | ||
| Q4 24 | 338.2% | -2.9% | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 303.6% | — | ||
| Q1 24 | 574.4% | — |
| Q4 25 | $1.62 | $-0.02 | ||
| Q3 25 | $2.94 | $-0.07 | ||
| Q2 25 | $4.97 | $-0.07 | ||
| Q1 25 | $2.26 | $-0.07 | ||
| Q4 24 | $1.74 | $-0.03 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $296.0M | $10.5M |
| Total DebtLower is stronger | $7.8B | $84.0M |
| Stockholders' EquityBook value | $3.7B | $113.0M |
| Total Assets | $14.1B | $280.7M |
| Debt / EquityLower = less leverage | 2.11× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $296.0M | $10.5M | ||
| Q3 25 | $216.4M | $12.9M | ||
| Q2 25 | $225.8M | $11.3M | ||
| Q1 25 | $220.5M | $17.1M | ||
| Q4 24 | $194.5M | $15.5M | ||
| Q3 24 | $219.7M | — | ||
| Q2 24 | $145.5M | — | ||
| Q1 24 | $179.7M | — |
| Q4 25 | $7.8B | $84.0M | ||
| Q3 25 | $7.8B | $87.6M | ||
| Q2 25 | $7.9B | $66.0M | ||
| Q1 25 | $8.7B | $71.5M | ||
| Q4 24 | $8.3B | $70.6M | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $9.6B | — | ||
| Q1 24 | $10.6B | — |
| Q4 25 | $3.7B | $113.0M | ||
| Q3 25 | $3.7B | $112.1M | ||
| Q2 25 | $3.6B | $102.5M | ||
| Q1 25 | $3.4B | $103.6M | ||
| Q4 24 | $3.3B | $106.3M | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.3B | — |
| Q4 25 | $14.1B | $280.7M | ||
| Q3 25 | $13.9B | $283.3M | ||
| Q2 25 | $13.7B | $236.1M | ||
| Q1 25 | $14.2B | $244.6M | ||
| Q4 24 | $13.8B | $242.8M | ||
| Q3 24 | $14.1B | — | ||
| Q2 24 | $14.5B | — | ||
| Q1 24 | $15.4B | — |
| Q4 25 | 2.11× | 0.74× | ||
| Q3 25 | 2.14× | 0.78× | ||
| Q2 25 | 2.21× | 0.64× | ||
| Q1 25 | 2.53× | 0.69× | ||
| Q4 24 | 2.48× | 0.66× | ||
| 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 | $8.9M |
| Free Cash FlowOCF − Capex | $396.7M | $6.9M |
| FCF MarginFCF / Revenue | 1183.0% | 14.0% |
| Capex IntensityCapex / Revenue | 78.2% | 4.2% |
| Cash ConversionOCF / Net Profit | 7.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $663.4M | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $423.0M | $8.9M | ||
| Q3 25 | $112.4M | $9.8M | ||
| Q2 25 | $81.8M | $9.7M | ||
| Q1 25 | $91.2M | $8.9M | ||
| Q4 24 | $662.9M | $9.3M | ||
| Q3 24 | $137.0M | — | ||
| Q2 24 | $133.8M | — | ||
| Q1 24 | $211.6M | — |
| Q4 25 | $396.7M | $6.9M | ||
| Q3 25 | $100.8M | $8.0M | ||
| Q2 25 | $78.1M | $4.4M | ||
| Q1 25 | $87.8M | $7.3M | ||
| Q4 24 | $642.0M | $5.6M | ||
| Q3 24 | $132.6M | — | ||
| Q2 24 | $123.1M | — | ||
| Q1 24 | $188.3M | — |
| Q4 25 | 1183.0% | 14.0% | ||
| Q3 25 | 435.0% | 20.0% | ||
| Q2 25 | 299.0% | 12.6% | ||
| Q1 25 | 355.6% | 22.0% | ||
| Q4 24 | 3438.0% | 15.2% | ||
| Q3 24 | 797.9% | — | ||
| Q2 24 | 829.2% | — | ||
| Q1 24 | 1473.7% | — |
| Q4 25 | 78.2% | 4.2% | ||
| Q3 25 | 50.4% | 4.6% | ||
| Q2 25 | 14.2% | 14.9% | ||
| Q1 25 | 13.7% | 4.8% | ||
| Q4 24 | 111.9% | 9.9% | ||
| 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.
