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Side-by-side financial comparison of NELNET INC (NNI) and WORLD ACCEPTANCE CORP (WRLD). Click either name above to swap in a different company.
WORLD ACCEPTANCE CORP is the larger business by last-quarter revenue ($141.3M vs $107.1M, roughly 1.3× NELNET INC). NELNET INC runs the higher net margin — 53.9% vs -0.6%, a 54.6% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (33.8% vs 1.9%). NELNET INC produced more free cash flow last quarter ($130.1M vs $57.2M). Over the past eight quarters, NELNET INC's revenue compounded faster (20.1% CAGR vs -5.8%).
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.
Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs. The company operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans a...
NNI vs WRLD — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $107.1M | $141.3M |
| Net Profit | $57.8M | $-911.3K |
| Gross Margin | 50.5% | — |
| Operating Margin | — | -0.7% |
| Net Margin | 53.9% | -0.6% |
| Revenue YoY | 33.8% | 1.9% |
| Net Profit YoY | -8.8% | -106.8% |
| EPS (diluted) | $1.62 | $-0.19 |
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 | $141.3M | ||
| Q3 25 | $85.3M | $134.5M | ||
| Q2 25 | $79.4M | $132.5M | ||
| Q1 25 | $82.7M | $165.3M | ||
| Q4 24 | $80.1M | $138.6M | ||
| Q3 24 | $72.2M | $131.4M | ||
| Q2 24 | $66.4M | $129.5M | ||
| Q1 24 | $74.2M | $159.3M |
| Q4 25 | $57.8M | $-911.3K | ||
| Q3 25 | $106.7M | $-1.9M | ||
| Q2 25 | $181.5M | $1.3M | ||
| Q1 25 | $82.6M | $44.3M | ||
| Q4 24 | $63.4M | $13.4M | ||
| Q3 24 | $2.4M | $22.1M | ||
| Q2 24 | $45.1M | $9.9M | ||
| Q1 24 | $73.2M | $35.1M |
| 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 | — | -0.7% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | 97.7% | 11.6% | ||
| Q3 24 | -3.1% | 21.3% | ||
| Q2 24 | 88.0% | 10.0% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | 53.9% | -0.6% | ||
| Q3 25 | 125.1% | -1.4% | ||
| Q2 25 | 228.4% | 1.0% | ||
| Q1 25 | 99.8% | 26.8% | ||
| Q4 24 | 79.1% | 9.7% | ||
| Q3 24 | 3.3% | 16.8% | ||
| Q2 24 | 67.9% | 7.7% | ||
| Q1 24 | 98.6% | 22.0% |
| Q4 25 | $1.62 | $-0.19 | ||
| Q3 25 | $2.94 | $-0.38 | ||
| Q2 25 | $4.97 | $0.25 | ||
| Q1 25 | $2.26 | $8.07 | ||
| Q4 24 | $1.75 | $2.45 | ||
| Q3 24 | $0.07 | $3.99 | ||
| Q2 24 | $1.23 | $1.79 | ||
| Q1 24 | $1.97 | $6.02 |
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 | $10.0M |
| Total DebtLower is stronger | $7.8B | $677.2M |
| Stockholders' EquityBook value | $3.7B | $351.6M |
| Total Assets | $14.1B | $1.1B |
| Debt / EquityLower = less leverage | 2.11× | 1.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $296.0M | $10.0M | ||
| Q3 25 | $216.4M | $14.9M | ||
| Q2 25 | $225.8M | $8.1M | ||
| Q1 25 | $220.5M | $4.7M | ||
| Q4 24 | $194.5M | $10.3M | ||
| Q3 24 | $219.7M | $9.7M | ||
| Q2 24 | $145.5M | $11.1M | ||
| Q1 24 | $179.7M | $5.2M |
| Q4 25 | $7.8B | $677.2M | ||
| Q3 25 | $7.8B | $584.6M | ||
| Q2 25 | $7.9B | $472.5M | ||
| Q1 25 | $8.7B | $447.9M | ||
| Q4 24 | $8.3B | $561.2M | ||
| Q3 24 | $8.9B | $506.6M | ||
| Q2 24 | $9.6B | $494.7M | ||
| Q1 24 | $10.6B | $498.4M |
| Q4 25 | $3.7B | $351.6M | ||
| Q3 25 | $3.7B | $365.6M | ||
| Q2 25 | $3.6B | $427.9M | ||
| Q1 25 | $3.4B | $439.5M | ||
| Q4 24 | $3.3B | $428.2M | ||
| Q3 24 | $3.3B | $417.5M | ||
| Q2 24 | $3.3B | $422.6M | ||
| Q1 24 | $3.3B | $424.4M |
| Q4 25 | $14.1B | $1.1B | ||
| Q3 25 | $13.9B | $1.1B | ||
| Q2 25 | $13.7B | $1.0B | ||
| Q1 25 | $14.2B | $1.0B | ||
| Q4 24 | $13.8B | $1.1B | ||
| Q3 24 | $14.1B | $1.0B | ||
| Q2 24 | $14.5B | $1.0B | ||
| Q1 24 | $15.4B | $1.1B |
| Q4 25 | 2.11× | 1.93× | ||
| Q3 25 | 2.14× | 1.60× | ||
| Q2 25 | 2.21× | 1.10× | ||
| Q1 25 | 2.53× | 1.02× | ||
| Q4 24 | 2.48× | 1.31× | ||
| Q3 24 | 2.72× | 1.21× | ||
| Q2 24 | 2.90× | 1.17× | ||
| Q1 24 | 3.20× | 1.17× |
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 | $58.0M |
| Free Cash FlowOCF − Capex | $130.1M | $57.2M |
| FCF MarginFCF / Revenue | 121.5% | 40.5% |
| Capex IntensityCapex / Revenue | 7.0% | 0.6% |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | $396.7M | $252.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.6M | $58.0M | ||
| Q3 25 | $112.4M | $48.6M | ||
| Q2 25 | $81.8M | $58.2M | ||
| Q1 25 | $91.2M | $90.9M | ||
| Q4 24 | $180.5M | $61.1M | ||
| Q3 24 | $137.0M | $53.8M | ||
| Q2 24 | $133.4M | $48.4M | ||
| Q1 24 | $211.9M | $83.8M |
| Q4 25 | $130.1M | $57.2M | ||
| Q3 25 | $100.8M | $47.7M | ||
| Q2 25 | $78.1M | $57.1M | ||
| Q1 25 | $87.8M | $90.0M | ||
| Q4 24 | $163.2M | $60.4M | ||
| Q3 24 | $132.6M | $52.7M | ||
| Q2 24 | $122.8M | $47.3M | ||
| Q1 24 | $188.7M | $82.3M |
| Q4 25 | 121.5% | 40.5% | ||
| Q3 25 | 118.2% | 35.5% | ||
| Q2 25 | 98.3% | 43.1% | ||
| Q1 25 | 106.1% | 54.5% | ||
| Q4 24 | 203.7% | 43.6% | ||
| Q3 24 | 183.8% | 40.1% | ||
| Q2 24 | 184.9% | 36.5% | ||
| Q1 24 | 254.2% | 51.7% |
| Q4 25 | 7.0% | 0.6% | ||
| Q3 25 | 13.7% | 0.7% | ||
| Q2 25 | 4.7% | 0.8% | ||
| Q1 25 | 4.1% | 0.5% | ||
| Q4 24 | 21.7% | 0.5% | ||
| Q3 24 | 6.2% | 0.8% | ||
| Q2 24 | 16.0% | 0.8% | ||
| Q1 24 | 31.3% | 1.0% |
| Q4 25 | 2.38× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 0.45× | 43.27× | ||
| Q1 25 | 1.10× | 2.05× | ||
| Q4 24 | 2.85× | 4.56× | ||
| Q3 24 | 57.39× | 2.43× | ||
| Q2 24 | 2.96× | 4.87× | ||
| Q1 24 | 2.89× | 2.39× |
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% |
WRLD
Segment breakdown not available.
