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Side-by-side financial comparison of NELNET INC (NNI) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
NELNET INC is the larger business by last-quarter revenue ($33.5M vs $32.6M, roughly 1.0× RxSight, Inc.). NELNET INC runs the higher net margin — 172.3% vs -28.1%, a 200.3% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs -18.9%). NELNET INC produced more free cash flow last quarter ($396.7M vs $-2.3M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 5.1%).
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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
NNI vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $33.5M | $32.6M |
| Net Profit | $57.8M | $-9.2M |
| Gross Margin | 50.5% | 77.5% |
| Operating Margin | — | -34.8% |
| Net Margin | 172.3% | -28.1% |
| Revenue YoY | 79.6% | -18.9% |
| Net Profit YoY | -8.5% | -54.1% |
| EPS (diluted) | $1.62 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $23.2M | $30.3M | ||
| Q2 25 | $26.1M | $33.6M | ||
| Q1 25 | $24.7M | $37.9M | ||
| Q4 24 | $18.7M | $40.2M | ||
| Q3 24 | $16.6M | $35.3M | ||
| Q2 24 | $14.9M | $34.9M | ||
| Q1 24 | $12.8M | $29.5M |
| Q4 25 | $57.8M | $-9.2M | ||
| Q3 25 | $106.7M | $-9.8M | ||
| Q2 25 | $181.5M | $-11.8M | ||
| Q1 25 | $82.6M | $-8.2M | ||
| Q4 24 | $63.2M | $-5.9M | ||
| Q3 24 | $2.4M | $-6.3M | ||
| Q2 24 | $45.1M | $-6.1M | ||
| Q1 24 | $73.4M | $-9.1M |
| Q4 25 | 50.5% | 77.5% | ||
| Q3 25 | 29.6% | 79.9% | ||
| Q2 25 | 29.8% | 74.9% | ||
| Q1 25 | 30.5% | 74.8% | ||
| Q4 24 | 13.7% | 71.6% | ||
| Q3 24 | 0.1% | 71.4% | ||
| Q2 24 | 27.3% | 69.5% | ||
| Q1 24 | 15.3% | 70.1% |
| Q4 25 | — | -34.8% | ||
| Q3 25 | — | -40.1% | ||
| Q2 25 | — | -41.6% | ||
| Q1 25 | — | -28.2% | ||
| Q4 24 | 97.7% | -21.5% | ||
| Q3 24 | -13.4% | -26.1% | ||
| Q2 24 | 88.0% | -23.9% | ||
| Q1 24 | — | -36.2% |
| Q4 25 | 172.3% | -28.1% | ||
| Q3 25 | 460.5% | -32.4% | ||
| Q2 25 | 694.9% | -35.0% | ||
| Q1 25 | 334.4% | -21.6% | ||
| Q4 24 | 338.2% | -14.8% | ||
| Q3 24 | 14.4% | -17.9% | ||
| Q2 24 | 303.6% | -17.4% | ||
| Q1 24 | 574.4% | -30.8% |
| Q4 25 | $1.62 | $-0.22 | ||
| Q3 25 | $2.94 | $-0.24 | ||
| Q2 25 | $4.97 | $-0.29 | ||
| Q1 25 | $2.26 | $-0.20 | ||
| Q4 24 | $1.74 | $-0.14 | ||
| Q3 24 | $0.07 | $-0.16 | ||
| Q2 24 | $1.23 | $-0.16 | ||
| Q1 24 | $1.98 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $3.7B | $275.7M |
| Total Assets | $14.1B | $311.8M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $296.0M | $228.1M | ||
| Q3 25 | $216.4M | $227.5M | ||
| Q2 25 | $225.8M | $227.5M | ||
| Q1 25 | $220.5M | $229.3M | ||
| Q4 24 | $194.5M | $237.2M | ||
| Q3 24 | $219.7M | $237.1M | ||
| Q2 24 | $145.5M | $233.3M | ||
| Q1 24 | $179.7M | $125.4M |
| 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 | — |
| Q4 25 | $3.7B | $275.7M | ||
| Q3 25 | $3.7B | $276.0M | ||
| Q2 25 | $3.6B | $278.0M | ||
| Q1 25 | $3.4B | $279.3M | ||
| Q4 24 | $3.3B | $281.2M | ||
| Q3 24 | $3.3B | $277.3M | ||
| Q2 24 | $3.3B | $275.2M | ||
| Q1 24 | $3.3B | $163.9M |
| Q4 25 | $14.1B | $311.8M | ||
| Q3 25 | $13.9B | $308.5M | ||
| Q2 25 | $13.7B | $309.0M | ||
| Q1 25 | $14.2B | $313.0M | ||
| Q4 24 | $13.8B | $318.6M | ||
| Q3 24 | $14.1B | $310.5M | ||
| Q2 24 | $14.5B | $305.5M | ||
| Q1 24 | $15.4B | $183.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $423.0M | $-1.1M |
| Free Cash FlowOCF − Capex | $396.7M | $-2.3M |
| FCF MarginFCF / Revenue | 1183.0% | -6.9% |
| Capex IntensityCapex / Revenue | 78.2% | 3.5% |
| Cash ConversionOCF / Net Profit | 7.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $663.4M | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $423.0M | $-1.1M | ||
| Q3 25 | $112.4M | $-1.2M | ||
| Q2 25 | $81.8M | $-4.4M | ||
| Q1 25 | $91.2M | $-8.8M | ||
| Q4 24 | $662.9M | $-4.3M | ||
| Q3 24 | $137.0M | $650.0K | ||
| Q2 24 | $133.8M | $-4.0M | ||
| Q1 24 | $211.6M | $-9.3M |
| Q4 25 | $396.7M | $-2.3M | ||
| Q3 25 | $100.8M | $-1.8M | ||
| Q2 25 | $78.1M | $-5.9M | ||
| Q1 25 | $87.8M | $-9.4M | ||
| Q4 24 | $642.0M | $-5.1M | ||
| Q3 24 | $132.6M | $-453.0K | ||
| Q2 24 | $123.1M | $-5.5M | ||
| Q1 24 | $188.3M | $-11.3M |
| Q4 25 | 1183.0% | -6.9% | ||
| Q3 25 | 435.0% | -5.8% | ||
| Q2 25 | 299.0% | -17.6% | ||
| Q1 25 | 355.6% | -24.8% | ||
| Q4 24 | 3438.0% | -12.7% | ||
| Q3 24 | 797.9% | -1.3% | ||
| Q2 24 | 829.2% | -15.9% | ||
| Q1 24 | 1473.7% | -38.2% |
| Q4 25 | 78.2% | 3.5% | ||
| Q3 25 | 50.4% | 1.9% | ||
| Q2 25 | 14.2% | 4.6% | ||
| Q1 25 | 13.7% | 1.5% | ||
| Q4 24 | 111.9% | 2.1% | ||
| Q3 24 | 26.7% | 3.1% | ||
| Q2 24 | 71.5% | 4.4% | ||
| Q1 24 | 181.7% | 6.7% |
| 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.
Revenue Breakdown by Segment
NNI
Segment breakdown not available.
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
