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NELNET INC（NNI）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
NELNET INC的季度营收约是Rumble Inc.的1.2倍（$33.5M vs $27.1M），NELNET INC净利率更高（172.3% vs -120.8%，领先293.0%），NELNET INC同比增速更快（79.6% vs -10.5%），NELNET INC自由现金流更多（$396.7M vs $-31.7M），过去两年NELNET INC的营收复合增速更高（62.0% vs 15.2%）
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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
NNI vs RUM — 直观对比
营收规模更大
NNI
是对方的1.2倍
$27.1M
营收增速更快
NNI
高出90.1%
-10.5%
净利率更高
NNI
高出293.0%
-120.8%
自由现金流更多
NNI
多$428.5M
$-31.7M
两年增速更快
NNI
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $33.5M | $27.1M |
| 净利润 | $57.8M | $-32.7M |
| 毛利率 | 50.5% | 5.5% |
| 营业利润率 | — | -131.1% |
| 净利率 | 172.3% | -120.8% |
| 营收同比 | 79.6% | -10.5% |
| 净利润同比 | -8.5% | 86.2% |
| 每股收益（稀释后） | $1.62 | $-0.13 |
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NNIRUM
| Q4 25 | $33.5M | $27.1M | ||
| Q3 25 | $23.2M | $24.8M | ||
| Q2 25 | $26.1M | — | ||
| Q1 25 | $24.7M | $23.7M | ||
| Q4 24 | $18.7M | $30.2M | ||
| Q3 24 | $16.6M | $25.1M | ||
| Q2 24 | $14.9M | $22.5M | ||
| Q1 24 | $12.8M | $17.7M |
净利润NNIRUM
| Q4 25 | $57.8M | $-32.7M | ||
| Q3 25 | $106.7M | $-16.3M | ||
| Q2 25 | $181.5M | — | ||
| Q1 25 | $82.6M | $-2.7M | ||
| Q4 24 | $63.2M | $-236.8M | ||
| Q3 24 | $2.4M | $-31.5M | ||
| Q2 24 | $45.1M | $-26.8M | ||
| Q1 24 | $73.4M | $-43.3M |
毛利率NNIRUM
| Q4 25 | 50.5% | 5.5% | ||
| Q3 25 | 29.6% | -1.8% | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 30.5% | -26.7% | ||
| Q4 24 | 13.7% | -14.2% | ||
| Q3 24 | 0.1% | -45.4% | ||
| Q2 24 | 27.3% | -58.8% | ||
| Q1 24 | 15.3% | -79.5% |
营业利润率NNIRUM
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -153.5% | ||
| Q4 24 | 97.7% | -80.1% | ||
| Q3 24 | -13.4% | -131.0% | ||
| Q2 24 | 88.0% | -172.7% | ||
| Q1 24 | — | -197.4% |
净利率NNIRUM
| Q4 25 | 172.3% | -120.8% | ||
| Q3 25 | 460.5% | -65.7% | ||
| Q2 25 | 694.9% | — | ||
| Q1 25 | 334.4% | -11.2% | ||
| Q4 24 | 338.2% | -783.2% | ||
| Q3 24 | 14.4% | -125.9% | ||
| Q2 24 | 303.6% | -119.2% | ||
| Q1 24 | 574.4% | -244.1% |
每股收益（稀释后）NNIRUM
| Q4 25 | $1.62 | $-0.13 | ||
| Q3 25 | $2.94 | $-0.06 | ||
| Q2 25 | $4.97 | — | ||
| Q1 25 | $2.26 | $-0.01 | ||
| Q4 24 | $1.74 | $-1.17 | ||
| Q3 24 | $0.07 | $-0.15 | ||
| Q2 24 | $1.23 | $-0.13 | ||
| Q1 24 | $1.98 | $-0.21 |
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 | $296.0M | $237.9M |
| 总债务越低越好 | $7.8B | — |
| 股东权益账面价值 | $3.7B | $274.8M |
| 总资产 | $14.1B | $336.8M |
| 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NNIRUM
| Q4 25 | $296.0M | $237.9M | ||
| Q3 25 | $216.4M | $269.8M | ||
| Q2 25 | $225.8M | — | ||
| Q1 25 | $220.5M | $301.3M | ||
| Q4 24 | $194.5M | $114.0M | ||
| Q3 24 | $219.7M | $132.0M | ||
| Q2 24 | $145.5M | $154.2M | ||
| Q1 24 | $179.7M | $183.8M |
总债务NNIRUM
| 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NNIRUM
| Q4 25 | $3.7B | $274.8M | ||
| Q3 25 | $3.7B | $302.2M | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.4B | $339.6M | ||
| Q4 24 | $3.3B | $-63.1M | ||
| Q3 24 | $3.3B | $166.1M | ||
| Q2 24 | $3.3B | $192.7M | ||
| Q1 24 | $3.3B | $210.7M |
总资产NNIRUM
| Q4 25 | $14.1B | $336.8M | ||
| Q3 25 | $13.9B | $367.2M | ||
| Q2 25 | $13.7B | — | ||
| Q1 25 | $14.2B | $391.1M | ||
| Q4 24 | $13.8B | $195.3M | ||
| Q3 24 | $14.1B | $217.2M | ||
| Q2 24 | $14.5B | $243.2M | ||
| Q1 24 | $15.4B | $263.0M |
负债/权益比NNIRUM
| 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 | $423.0M | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $396.7M | $-31.7M |
| 自由现金流率自由现金流/营收 | 1183.0% | -117.2% |
| 资本支出强度资本支出/营收 | 78.2% | 8.5% |
| 现金转化率经营现金流/净利润 | 7.32× | — |
| 过去12个月自由现金流最近4个季度 | $663.4M | $-70.8M |
8季度趋势，按日历期对齐
经营现金流NNIRUM
| Q4 25 | $423.0M | $-29.4M | ||
| Q3 25 | $112.4M | $-10.6M | ||
| Q2 25 | $81.8M | — | ||
| Q1 25 | $91.2M | $-14.5M | ||
| Q4 24 | $662.9M | $-12.4M | ||
| Q3 24 | $137.0M | $-19.1M | ||
| Q2 24 | $133.8M | $-21.7M | ||
| Q1 24 | $211.6M | $-33.9M |
自由现金流NNIRUM
| Q4 25 | $396.7M | $-31.7M | ||
| Q3 25 | $100.8M | $-12.0M | ||
| Q2 25 | $78.1M | — | ||
| Q1 25 | $87.8M | $-14.6M | ||
| Q4 24 | $642.0M | $-12.4M | ||
| Q3 24 | $132.6M | $-19.9M | ||
| Q2 24 | $123.1M | $-23.1M | ||
| Q1 24 | $188.3M | $-34.3M |
自由现金流率NNIRUM
| Q4 25 | 1183.0% | -117.2% | ||
| Q3 25 | 435.0% | -48.6% | ||
| Q2 25 | 299.0% | — | ||
| Q1 25 | 355.6% | -61.7% | ||
| Q4 24 | 3438.0% | -40.9% | ||
| Q3 24 | 797.9% | -79.5% | ||
| Q2 24 | 829.2% | -102.8% | ||
| Q1 24 | 1473.7% | -193.3% |
资本支出强度NNIRUM
| Q4 25 | 78.2% | 8.5% | ||
| Q3 25 | 50.4% | 5.7% | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 13.7% | 0.6% | ||
| Q4 24 | 111.9% | 0.1% | ||
| Q3 24 | 26.7% | 3.4% | ||
| Q2 24 | 71.5% | 6.1% | ||
| Q1 24 | 181.7% | 2.4% |
现金转化率NNIRUM
| 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× | — |
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
NNI
暂无分部数据
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
