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CREDIT ACCEPTANCE CORP（CACC）与NELNET INC（NNI）财务数据对比。点击上方公司名可切换其他公司
CREDIT ACCEPTANCE CORP的季度营收约是NELNET INC的5.4倍（$579.9M vs $107.1M）。NELNET INC净利率更高（53.9% vs 21.0%，领先32.9%）。NELNET INC同比增速更快（33.8% vs 2.5%）。CREDIT ACCEPTANCE CORP自由现金流更多（$268.9M vs $130.1M）。过去两年NELNET INC的营收复合增速更高（20.1% vs 6.8%）
Credit Acceptance是一家汽车金融服务提供商，主要提供汽车贷款及相关金融产品。公司通过覆盖全国的合作汽车经销商网络开展业务，设有“投资组合计划”和“采购计划”两大业务项目，可向汽车经销商提供资金，以此换取对应消费者贷款的后续服务权利。
Nelnet（耐尔奈特）是总部位于美国内布拉斯加州林肯市的综合性企业集团，核心业务涵盖金融服务领域，主营学生贷款、消费贷款的发放与服务，同时设有投资板块与互联网银行，还持有有线电视及网络服务商Allo Fiber 26%的股权。
CACC vs NNI — 直观对比
营收规模更大
CACC
是对方的5.4倍
$107.1M
营收增速更快
NNI
高出31.3%
2.5%
净利率更高
NNI
高出32.9%
21.0%
自由现金流更多
CACC
多$138.8M
$130.1M
两年增速更快
NNI
近两年复合增速
6.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $579.9M | $107.1M |
| 净利润 | $122.0M | $57.8M |
| 毛利率 | — | 50.5% |
| 营业利润率 | 27.1% | — |
| 净利率 | 21.0% | 53.9% |
| 营收同比 | 2.5% | 33.8% |
| 净利润同比 | -19.7% | -8.8% |
| 每股收益（稀释后） | $10.87 | $1.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CACCNNI
| Q4 25 | $579.9M | $107.1M | ||
| Q3 25 | $582.4M | $85.3M | ||
| Q2 25 | $583.8M | $79.4M | ||
| Q1 25 | $571.1M | $82.7M | ||
| Q4 24 | $565.9M | $80.1M | ||
| Q3 24 | $550.3M | $72.2M | ||
| Q2 24 | $538.2M | $66.4M | ||
| Q1 24 | $508.0M | $74.2M |
净利润CACCNNI
| Q4 25 | $122.0M | $57.8M | ||
| Q3 25 | $108.2M | $106.7M | ||
| Q2 25 | $87.4M | $181.5M | ||
| Q1 25 | $106.3M | $82.6M | ||
| Q4 24 | $151.9M | $63.4M | ||
| Q3 24 | $78.8M | $2.4M | ||
| Q2 24 | $-47.1M | $45.1M | ||
| Q1 24 | $64.3M | $73.2M |
毛利率CACCNNI
| 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% |
营业利润率CACCNNI
| Q4 25 | 27.1% | — | ||
| Q3 25 | 25.6% | — | ||
| Q2 25 | 20.2% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 33.9% | 97.7% | ||
| Q3 24 | 19.4% | -3.1% | ||
| Q2 24 | -10.3% | 88.0% | ||
| Q1 24 | 17.0% | — |
净利率CACCNNI
| Q4 25 | 21.0% | 53.9% | ||
| Q3 25 | 18.6% | 125.1% | ||
| Q2 25 | 15.0% | 228.4% | ||
| Q1 25 | 18.6% | 99.8% | ||
| Q4 24 | 26.8% | 79.1% | ||
| Q3 24 | 14.3% | 3.3% | ||
| Q2 24 | -8.8% | 67.9% | ||
| Q1 24 | 12.7% | 98.6% |
每股收益（稀释后）CACCNNI
| Q4 25 | $10.87 | $1.62 | ||
| Q3 25 | $9.43 | $2.94 | ||
| Q2 25 | $7.42 | $4.97 | ||
| Q1 25 | $8.66 | $2.26 | ||
| Q4 24 | $12.28 | $1.75 | ||
| Q3 24 | $6.35 | $0.07 | ||
| Q2 24 | $-3.83 | $1.23 | ||
| Q1 24 | $5.08 | $1.97 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $22.8M | $296.0M |
| 总债务越低越好 | — | $7.8B |
| 股东权益账面价值 | $1.5B | $3.7B |
| 总资产 | $8.6B | $14.1B |
| 负债/权益比越低杠杆越低 | — | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资CACCNNI
| Q4 25 | $22.8M | $296.0M | ||
| Q3 25 | $15.9M | $216.4M | ||
| Q2 25 | $70.0M | $225.8M | ||
| Q1 25 | $528.8M | $220.5M | ||
| Q4 24 | $343.7M | $194.5M | ||
| Q3 24 | $159.7M | $219.7M | ||
| Q2 24 | $8.3M | $145.5M | ||
| Q1 24 | $8.4M | $179.7M |
总债务CACCNNI
| 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 |
股东权益CACCNNI
| Q4 25 | $1.5B | $3.7B | ||
| Q3 25 | $1.6B | $3.7B | ||
| Q2 25 | $1.6B | $3.6B | ||
| Q1 25 | $1.7B | $3.4B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.6B | $3.3B | ||
| Q2 24 | $1.6B | $3.3B | ||
| Q1 24 | $1.7B | $3.3B |
总资产CACCNNI
| Q4 25 | $8.6B | $14.1B | ||
| Q3 25 | $8.6B | $13.9B | ||
| Q2 25 | $8.7B | $13.7B | ||
| Q1 25 | $9.3B | $14.2B | ||
| Q4 24 | $8.9B | $13.8B | ||
| Q3 24 | $8.7B | $14.1B | ||
| Q2 24 | $8.3B | $14.5B | ||
| Q1 24 | $8.1B | $15.4B |
负债/权益比CACCNNI
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $269.3M | $137.6M |
| 自由现金流经营现金流 - 资本支出 | $268.9M | $130.1M |
| 自由现金流率自由现金流/营收 | 46.4% | 121.5% |
| 资本支出强度资本支出/营收 | 0.1% | 7.0% |
| 现金转化率经营现金流/净利润 | 2.21× | 2.38× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $396.7M |
8季度趋势，按日历期对齐
经营现金流CACCNNI
| Q4 25 | $269.3M | $137.6M | ||
| Q3 25 | $299.4M | $112.4M | ||
| Q2 25 | $139.7M | $81.8M | ||
| Q1 25 | $346.2M | $91.2M | ||
| Q4 24 | $306.2M | $180.5M | ||
| Q3 24 | $317.7M | $137.0M | ||
| Q2 24 | $204.0M | $133.4M | ||
| Q1 24 | $310.0M | $211.9M |
自由现金流CACCNNI
| Q4 25 | $268.9M | $130.1M | ||
| Q3 25 | $298.8M | $100.8M | ||
| Q2 25 | $139.4M | $78.1M | ||
| Q1 25 | $345.9M | $87.8M | ||
| Q4 24 | $305.5M | $163.2M | ||
| Q3 24 | $317.3M | $132.6M | ||
| Q2 24 | $203.6M | $122.8M | ||
| Q1 24 | $309.7M | $188.7M |
自由现金流率CACCNNI
| Q4 25 | 46.4% | 121.5% | ||
| Q3 25 | 51.3% | 118.2% | ||
| Q2 25 | 23.9% | 98.3% | ||
| Q1 25 | 60.6% | 106.1% | ||
| Q4 24 | 54.0% | 203.7% | ||
| Q3 24 | 57.7% | 183.8% | ||
| Q2 24 | 37.8% | 184.9% | ||
| Q1 24 | 61.0% | 254.2% |
资本支出强度CACCNNI
| Q4 25 | 0.1% | 7.0% | ||
| Q3 25 | 0.1% | 13.7% | ||
| Q2 25 | 0.1% | 4.7% | ||
| Q1 25 | 0.1% | 4.1% | ||
| Q4 24 | 0.1% | 21.7% | ||
| Q3 24 | 0.1% | 6.2% | ||
| Q2 24 | 0.1% | 16.0% | ||
| Q1 24 | 0.1% | 31.3% |
现金转化率CACCNNI
| Q4 25 | 2.21× | 2.38× | ||
| Q3 25 | 2.77× | 1.05× | ||
| Q2 25 | 1.60× | 0.45× | ||
| Q1 25 | 3.26× | 1.10× | ||
| Q4 24 | 2.02× | 2.85× | ||
| Q3 24 | 4.03× | 57.39× | ||
| Q2 24 | — | 2.96× | ||
| Q1 24 | 4.82× | 2.89× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CACC
暂无分部数据
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% |
