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Side-by-side financial comparison of NELNET INC (NNI) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.
Neuronetics, Inc. is the larger business by last-quarter revenue ($41.8M vs $33.5M, roughly 1.2× NELNET INC). NELNET INC runs the higher net margin — 172.3% vs -17.2%, a 189.5% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 79.6%). NELNET INC produced more free cash flow last quarter ($396.7M vs $692.0K). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 54.9%).
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.
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
NNI vs STIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $33.5M | $41.8M |
| Net Profit | $57.8M | $-7.2M |
| Gross Margin | 50.5% | 52.0% |
| Operating Margin | — | -12.1% |
| Net Margin | 172.3% | -17.2% |
| Revenue YoY | 79.6% | 85.7% |
| Net Profit YoY | -8.5% | 43.2% |
| EPS (diluted) | $1.62 | $-0.10 |
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 | $41.8M | ||
| Q3 25 | $23.2M | $37.3M | ||
| Q2 25 | $26.1M | $38.1M | ||
| Q1 25 | $24.7M | $32.0M | ||
| Q4 24 | $18.7M | $22.5M | ||
| Q3 24 | $16.6M | $18.5M | ||
| Q2 24 | $14.9M | $16.4M | ||
| Q1 24 | $12.8M | $17.4M |
| Q4 25 | $57.8M | $-7.2M | ||
| Q3 25 | $106.7M | $-9.0M | ||
| Q2 25 | $181.5M | $-10.1M | ||
| Q1 25 | $82.6M | $-12.7M | ||
| Q4 24 | $63.2M | $-12.7M | ||
| Q3 24 | $2.4M | $-13.3M | ||
| Q2 24 | $45.1M | $-9.8M | ||
| Q1 24 | $73.4M | $-7.9M |
| Q4 25 | 50.5% | 52.0% | ||
| Q3 25 | 29.6% | 45.9% | ||
| Q2 25 | 29.8% | 46.6% | ||
| Q1 25 | 30.5% | 49.2% | ||
| Q4 24 | 13.7% | 66.2% | ||
| Q3 24 | 0.1% | 75.6% | ||
| Q2 24 | 27.3% | 74.0% | ||
| Q1 24 | 15.3% | 75.1% |
| Q4 25 | — | -12.1% | ||
| Q3 25 | — | -19.6% | ||
| Q2 25 | — | -21.1% | ||
| Q1 25 | — | -34.4% | ||
| Q4 24 | 97.7% | -51.0% | ||
| Q3 24 | -13.4% | -41.7% | ||
| Q2 24 | 88.0% | -51.7% | ||
| Q1 24 | — | -39.4% |
| Q4 25 | 172.3% | -17.2% | ||
| Q3 25 | 460.5% | -24.3% | ||
| Q2 25 | 694.9% | -26.6% | ||
| Q1 25 | 334.4% | -39.6% | ||
| Q4 24 | 338.2% | -56.4% | ||
| Q3 24 | 14.4% | -72.0% | ||
| Q2 24 | 303.6% | -59.8% | ||
| Q1 24 | 574.4% | -45.2% |
| Q4 25 | $1.62 | $-0.10 | ||
| Q3 25 | $2.94 | $-0.13 | ||
| Q2 25 | $4.97 | $-0.15 | ||
| Q1 25 | $2.26 | $-0.21 | ||
| Q4 24 | $1.74 | $-0.34 | ||
| Q3 24 | $0.07 | $-0.44 | ||
| Q2 24 | $1.23 | $-0.33 | ||
| Q1 24 | $1.98 | $-0.27 |
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 | $28.1M |
| Total DebtLower is stronger | $7.8B | $65.8M |
| Stockholders' EquityBook value | $3.7B | $22.4M |
| Total Assets | $14.1B | $141.6M |
| Debt / EquityLower = less leverage | 2.11× | 2.94× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $296.0M | $28.1M | ||
| Q3 25 | $216.4M | $28.0M | ||
| Q2 25 | $225.8M | $11.0M | ||
| Q1 25 | $220.5M | $20.2M | ||
| Q4 24 | $194.5M | $18.5M | ||
| Q3 24 | $219.7M | $20.9M | ||
| Q2 24 | $145.5M | $42.6M | ||
| Q1 24 | $179.7M | $47.7M |
| Q4 25 | $7.8B | $65.8M | ||
| Q3 25 | $7.8B | $65.7M | ||
| Q2 25 | $7.9B | $55.5M | ||
| Q1 25 | $8.7B | $55.3M | ||
| Q4 24 | $8.3B | $55.2M | ||
| Q3 24 | $8.9B | $46.0M | ||
| Q2 24 | $9.6B | $59.8M | ||
| Q1 24 | $10.6B | $59.4M |
| Q4 25 | $3.7B | $22.4M | ||
| Q3 25 | $3.7B | $27.4M | ||
| Q2 25 | $3.6B | $27.1M | ||
| Q1 25 | $3.4B | $35.5M | ||
| Q4 24 | $3.3B | $27.7M | ||
| Q3 24 | $3.3B | $9.4M | ||
| Q2 24 | $3.3B | $19.4M | ||
| Q1 24 | $3.3B | $27.7M |
| Q4 25 | $14.1B | $141.6M | ||
| Q3 25 | $13.9B | $145.5M | ||
| Q2 25 | $13.7B | $134.7M | ||
| Q1 25 | $14.2B | $142.0M | ||
| Q4 24 | $13.8B | $140.9M | ||
| Q3 24 | $14.1B | — | ||
| Q2 24 | $14.5B | $96.8M | ||
| Q1 24 | $15.4B | $103.8M |
| Q4 25 | 2.11× | 2.94× | ||
| Q3 25 | 2.14× | 2.40× | ||
| Q2 25 | 2.21× | 2.05× | ||
| Q1 25 | 2.53× | 1.56× | ||
| Q4 24 | 2.48× | 1.99× | ||
| Q3 24 | 2.72× | 4.90× | ||
| Q2 24 | 2.90× | 3.08× | ||
| Q1 24 | 3.20× | 2.15× |
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 | $908.0K |
| Free Cash FlowOCF − Capex | $396.7M | $692.0K |
| FCF MarginFCF / Revenue | 1183.0% | 1.7% |
| Capex IntensityCapex / Revenue | 78.2% | 0.5% |
| Cash ConversionOCF / Net Profit | 7.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $663.4M | $-21.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $423.0M | $908.0K | ||
| Q3 25 | $112.4M | $-785.0K | ||
| Q2 25 | $81.8M | $-3.5M | ||
| Q1 25 | $91.2M | $-17.0M | ||
| Q4 24 | $662.9M | $-8.6M | ||
| Q3 24 | $137.0M | $-5.4M | ||
| Q2 24 | $133.8M | $-5.0M | ||
| Q1 24 | $211.6M | $-12.0M |
| Q4 25 | $396.7M | $692.0K | ||
| Q3 25 | $100.8M | $-899.0K | ||
| Q2 25 | $78.1M | $-3.8M | ||
| Q1 25 | $87.8M | $-17.2M | ||
| Q4 24 | $642.0M | $-8.7M | ||
| Q3 24 | $132.6M | $-5.8M | ||
| Q2 24 | $123.1M | $-5.6M | ||
| Q1 24 | $188.3M | $-12.4M |
| Q4 25 | 1183.0% | 1.7% | ||
| Q3 25 | 435.0% | -2.4% | ||
| Q2 25 | 299.0% | -9.9% | ||
| Q1 25 | 355.6% | -53.8% | ||
| Q4 24 | 3438.0% | -38.6% | ||
| Q3 24 | 797.9% | -31.3% | ||
| Q2 24 | 829.2% | -34.0% | ||
| Q1 24 | 1473.7% | -71.1% |
| Q4 25 | 78.2% | 0.5% | ||
| Q3 25 | 50.4% | 0.3% | ||
| Q2 25 | 14.2% | 0.7% | ||
| Q1 25 | 13.7% | 0.7% | ||
| Q4 24 | 111.9% | 0.4% | ||
| Q3 24 | 26.7% | 2.1% | ||
| Q2 24 | 71.5% | 3.7% | ||
| Q1 24 | 181.7% | 2.2% |
| 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.
