Navient Corp - Understand $navi stock

$NAVI Market Cap: $1.641 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$621.0M

TTM

Gross Margin

196.7%

TTM

Net Earnings

$79.00M

TTM

Current Assets

$1.143B

Q3 2024

Current Liabilities

$5.305B

Q3 2024

Current Ratio

21.55%

Q3 2024

Total Assets

$53.44B

Q3 2024

Total Liabilities

$50.75B

Q3 2024

Book Value

$2.694B

Q3 2024

Cash

$1.143B

Q3 2024

P/E

20.77

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.183B	$332.0M	$2.648B	$3.298B	$4.673B	$4.908B	$1.887B	$2.095B	$2.588B	$3.055B	$3.587B	$3.564B
YoY Change	256.33%	-87.46%	-19.71%	-29.42%	-4.79%	160.1%	-9.93%	-19.05%	-15.29%	-14.83%	0.65%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.183B	$332.0M	$2.648B	$3.298B	$4.673B	$4.908B	$1.887B	$2.095B	$2.588B	$3.055B	$3.587B	$3.564B
Cost Of Revenue	-$64.00M	-$77.00M	-$168.0M	-$214.0M	-$240.0M	-$274.0M	-$290.0M	-$304.0M	-$340.0M	-$298.0M	-$290.0M	-$279.0M
Gross Profit	$1.247B	$1.534B	$2.039B	$1.924B	$1.913B	$1.944B	$2.177B	$2.399B	$2.928B	$3.353B	$3.877B	$3.843B
Gross Profit Margin	105.41%	462.05%	77.0%	58.34%	40.94%	39.61%	115.37%	114.51%	113.14%	109.75%	108.08%	107.83%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$401.0M	$444.0M	$569.0M	$497.0M	$488.0M	$507.0M	$519.0M	$500.0M	$467.0M	$479.0M	$504.0M	$457.0M
YoY Change	-9.68%	-21.97%	14.49%	1.84%	-3.75%	-2.31%	3.8%	7.07%	-2.51%	-4.96%	10.28%
% of Gross Profit	32.16%	28.94%	27.91%	25.83%	25.51%	26.08%	23.84%	20.84%	15.95%	14.29%	13.0%	11.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$10.00M	$14.00M	$19.00M
YoY Change	-28.57%	-26.32%
% of Gross Profit	0.8%	0.91%	0.93%
Operating Expenses	$902.0M	$776.0M	$1.207B	$964.0M	$984.0M	$984.0M	$966.0M	$951.0M	$918.0M	$987.0M	$1.042B	$897.0M
YoY Change	16.24%	-35.71%	25.21%	-2.03%	0.0%	1.86%	1.58%	3.59%	-6.99%	-5.28%	16.16%
Operating Profit	$345.0M	$758.0M	$832.0M	$960.0M	$929.0M	$960.0M	$1.211B	$1.448B	$2.010B	$2.366B	$2.835B	$2.946B
YoY Change	-54.49%	-8.89%	-13.33%	3.34%	-3.23%	-20.73%	-16.37%	-27.96%	-15.05%	-16.54%	-3.77%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$11.00M	$2.102B	$1.316B	$2.046B	$3.488B	$3.668B	$2.971B	$2.441B	$2.074B	$2.063B	$2.210B	$2.561B
YoY Change	-99.48%	59.73%	-35.68%	-41.34%	-4.91%	23.46%	21.71%	17.7%	0.53%	-6.65%	-13.71%
% of Operating Profit	3.19%	277.31%	158.17%	213.13%	375.46%	382.08%	245.33%	168.58%	103.18%	87.19%	77.95%	86.93%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$313.0M	$827.0M	$936.0M	$532.0M	$763.0M	$528.0M	$764.0M	$1.108B	$1.580B	$1.818B	$2.087B	$1.437B
YoY Change	-62.15%	-11.65%	75.94%	-30.28%	44.51%	-30.89%	-31.05%	-29.87%	-13.09%	-12.89%	45.23%
Income Tax	$85.00M	$182.0M	$219.0M	$120.0M	$166.0M	$133.0M	$472.0M	$427.0M	$597.0M	$681.0M	$776.0M	$498.0M
% Of Pretax Income	27.16%	22.01%	23.4%	22.56%	21.76%	25.19%	61.78%	38.54%	37.78%	37.46%	37.18%	34.66%
Net Earnings	$228.0M	$645.0M	$717.0M	$412.0M	$597.0M	$395.0M	$292.0M	$681.0M	$984.0M	$1.137B	$1.418B	$939.0M
YoY Change	-64.65%	-10.04%	74.03%	-30.99%	51.14%	35.27%	-57.12%	-30.79%	-13.46%	-19.82%	51.01%
Net Earnings / Revenue	19.27%	194.28%	27.08%	12.49%	12.78%	8.05%	15.47%	32.51%	38.02%	37.22%	39.53%	26.35%
Basic Earnings Per Share	$1.87	$4.54	$4.23	$2.14	$2.59	$1.52	$1.06	$2.15	$2.62	$2.71	$3.18	$1.93
Diluted Earnings Per Share	$1.85	$4.49	$4.18	$2.12	$2.56	$1.49	$1.04	$2.12	$2.58	$2.66	$3.12	$1.90

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Cash & Short-Term Investments	$839.0M	$1.535B	$905.0M	$1.183B	$1.233B	$1.286B	$1.518B	$1.253B	$1.594B	$1.443B	$5.190B
YoY Change	-45.34%	69.61%	-23.5%	-4.06%	-4.12%	-15.28%	21.15%	-21.39%	10.46%	-72.2%
Cash & Equivalents	$839.0M	$1.535B	$905.0M	$1.183B	$1.233B	$1.286B	$1.518B	$1.253B	$1.594B	$1.443B	$5.190B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$101.0M	$83.00M	$159.0M	$118.0M	$119.0M	$95.00M	$380.0M	$95.00M	$329.0M	$558.0M	$881.0M
Other Receivables	$2.081B	$2.031B	$1.881B	$1.933B	$1.952B	$1.999B	$1.965B	$1.663B	$1.637B	$1.821B	$2.161B
Total Short-Term Assets	$839.0M	$3.649B	$2.945B	$3.234B	$3.304B	$3.380B	$3.863B	$3.011B	$3.560B	$3.822B	$8.232B
YoY Change	-77.01%	23.9%	-8.94%	-2.12%	-2.25%	-12.5%	28.3%	-15.42%	-6.86%	-53.57%
Property, Plant & Equipment	$62.00M	$74.00M	$95.00M	$116.0M	$135.0M	$136.0M	$108.0M	$160.0M	$162.0M	$152.0M	$237.0M
YoY Change	-16.22%	-22.11%	-18.1%	-14.07%	-0.74%	25.93%	-32.5%	-1.23%	6.58%	-35.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$146.0M	$167.0M	$267.0M	$285.0M	$211.0M	$226.0M	$270.0M	$350.0M	$501.0M	$633.0M	$892.0M
YoY Change	-12.57%	-37.45%	-6.32%	35.07%	-6.64%	-16.3%	-22.86%	-30.14%	-20.85%	-29.04%
Other Assets	$1.954B	$3.724B	$3.135B	$2.823B	$3.007B	$4.446B	$3.402B	$4.088B	$4.229B	$4.411B	$4.127B
YoY Change	-47.53%	18.79%	11.05%	-6.12%	-32.37%	30.69%	-16.78%	-3.33%	-4.13%	6.88%
Total Long-Term Assets	$60.54B	$67.15B	$77.66B	$84.18B	$91.60B	$100.8B	$111.1B	$118.1B	$130.5B	$142.5B	$151.3B
YoY Change	-9.84%	-13.54%	-7.74%	-8.1%	-9.12%	-9.3%	-5.92%	-9.47%	-8.45%	-5.8%
Total Assets	$61.38B	$70.80B	$80.61B	$87.41B	$94.90B	$104.2B	$115.0B	$121.1B	$134.0B	$146.4B	$159.5B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$4.226B	$5.870B	$2.490B	$6.613B	$8.483B	$5.422B	$4.771B	$2.334B	$2.570B	$2.663B	$13.80B
YoY Change	-28.01%	135.74%	-62.35%	-22.04%	56.46%	13.64%	104.41%	-9.18%	-3.49%	-80.7%
Long-Term Debt Due	$4.528B
YoY Change
Total Short-Term Liabilities	$4.226B	$5.870B	$2.490B	$6.613B	$8.483B	$5.422B	$4.771B	$2.334B	$2.570B	$2.663B	$13.80B
YoY Change	-28.01%	135.74%	-62.35%	-22.04%	56.46%	13.64%	104.41%	-9.18%	-3.49%	-80.7%
Long-Term Debt	$53.40B	$61.03B	$74.49B	$77.33B	$81.72B	$93.52B	$105.0B	$112.4B	$124.8B	$136.9B	$136.6B
YoY Change	-12.49%	-18.07%	-3.68%	-5.36%	-12.62%	-10.94%	-6.55%	-9.99%	-8.79%	0.16%
Other Long-Term Liabilities	$987.0M	$922.0M	$1.019B	$1.020B	$1.356B	$1.688B	$1.723B	$2.711B	$2.710B	$2.625B	$3.458B
YoY Change	7.05%	-9.52%	-0.1%	-24.78%	-19.67%	-2.03%	-36.44%	0.04%	3.24%	-24.09%
Total Long-Term Liabilities	$54.39B	$61.95B	$75.51B	$78.35B	$83.07B	$95.21B	$106.7B	$115.1B	$127.5B	$139.5B	$140.1B
YoY Change	-12.2%	-17.96%	-3.63%	-5.68%	-12.75%	-10.8%	-7.25%	-9.77%	-8.57%	-0.44%
Total Liabilities	$58.62B	$67.82B	$78.01B	$84.98B	$91.57B	$100.7B	$111.5B	$117.4B	$130.1B	$142.2B	$153.9B
YoY Change	-13.57%	-13.06%	-8.2%	-7.19%	-9.03%	-9.75%	-5.02%	-9.76%	-8.45%	-7.64%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	122.0M	142.0M	170.0M	193.0M	230.0M	260.0M	275.0M	316.0M	376.0M	417.0M shares	440.0M shares	476.0M shares
Diluted Shares Outstanding	123.0M	144.0M	172.0M	195.0M	233.0M	264.0M	281.0M	322.0M	382.0M	425.0M shares	449.0M shares	483.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.6405 Billion

About NAVIENT CORP

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. The company is headquartered in Herndon, Virginia and currently employs 4,500 full-time employees. The company went IPO on 2014-04-17. The firm operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. In the Federal Education Loans segment, it owns and manages Federal Family Education Loan Program (FFELP) loans and is the master servicer on this portfolio. The company also services FFELP loans owned by other institutions. In the Consumer Lending Segment, it owns and manages private education loans and is the master servicer for these portfolios. Through its Earnest brand, it also refinances and originates in-school private education loans. In the Business Processing Segment, it provides business processing solutions, such as omnichannel contact center services and workflow processing. The company offers its solutions to federal agencies, state governments, tolling and parking authorities, and other public sector clients.

Industry: Security Brokers, Dealers & Flotation Companies Peers: BREAD FINANCIAL HOLDINGS, INC. AMERICAN EXPRESS CO FirstCash Holdings, Inc. LendingClub Corp NELNET INC OneMain Holdings, Inc. PRA GROUP INC SLM Corp SoFi Technologies, Inc. Upstart Holdings, Inc.