NASDAQ : NAVI
Navient Corporation — Financial statements
Financials · Credit Services · United States
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 2.90B | 3.11B | 3.81B | 4.42B | 3.22B | 2.65B |
| Total Interest Expense | 2.38B | 2.62B | 3.20B | 3.55B | 1.97B | 1.29B |
| Net Interest Income | 520.00M | 489.00M | 606.00M | 873.00M | 1.25B | 1.36B |
| Gain (Loss) on Sale of Loans & Receivables | 78.00M | |||||
| Other Revenue | 36.00M | 70.00M | 301.00M | 342.00M | 409.00M | 603.00M |
| Revenue Before Loan Losses | 601.00M | 610.00M | 961.00M | 1.28B | 1.74B | 2.21B |
| Provision for Loan Losses | 267.00M | 280.00M | 113.00M | 123.00M | 79.00M | -61.00M |
| Revenue | 334.00M | 330.00M | 848.00M | 1.16B | 1.66B | 2.27B |
| Salaries & Employee Benefits | 124.00M | 149.00M | 316.00M | 401.00M | 444.00M | 569.00M |
| Other Operating Expenses | 241.00M | 272.00M | 364.00M | 399.00M | 332.00M | 638.00M |
| Total Operating Expenses | 370.00M | 424.00M | 688.00M | 810.00M | 795.00M | 1.24B |
| Operating Income | -36.00M | -94.00M | 160.00M | 346.00M | 863.00M | 1.03B |
| EBT Excluding Unusual Items | -36.00M | -94.00M | 160.00M | 346.00M | 863.00M | 1.03B |
| Restructuring Charges | -16.00M | -17.00M | -39.00M | -25.00M | -36.00M | -26.00M |
| Impairment of Goodwill | -137.00M | |||||
| Other Unusual Items | -8.00M | -73.00M | ||||
| Pretax Income | -52.00M | -111.00M | 174.00M | 313.00M | 827.00M | 936.00M |
| Income Tax Expense | -3.00M | -31.00M | 43.00M | 85.00M | 182.00M | 219.00M |
| Earnings From Continuing Ops. | -49.00M | -80.00M | 131.00M | 228.00M | 645.00M | 717.00M |
| Net Income | -49.00M | -80.00M | 131.00M | 228.00M | 645.00M | 717.00M |
| Net Income to Common | -49.00M | -80.00M | 131.00M | 228.00M | 645.00M | 717.00M |
| Shares Outstanding (Basic) | 95.50M | 99.00M | 109.00M | 122.00M | 142.00M | 170.00M |
| Shares Outstanding (Diluted) | 95.50M | 99.00M | 111.00M | 123.00M | 144.00M | 172.00M |
| EPS (Basic) | -0.51 | -0.81 | 1.20 | 1.87 | 4.54 | 4.22 |
| EPS (Diluted) | -0.52 | -0.81 | 1.18 | 1.85 | 4.49 | 4.18 |
| Dividend Per Share | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Operating Margin | -10.78% | -28.48% | 18.87% | 29.93% | 52.05% | 45.55% |
| Profit Margin | -14.67% | -24.24% | 15.45% | 19.72% | 38.90% | 31.56% |
| Effective Tax Rate | 24.71% | 27.16% | 22.01% | 23.40% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 770.00M | 637.00M | 722.00M | 839.00M | 1.53B | 905.00M |
| Long-Term Investments | 64.00M | 126.00M | 113.00M | 100.00M | 105.00M | 120.00M |
| Trading Asset Securities | 26.00M | 42.00M | 25.00M | 55.00M | 56.00M | 218.00M |
| Loans & Lease Receivables | 42.25B | 43.59B | 46.57B | 54.83B | 62.25B | 72.81B |
| Other Receivables | 1.79B | 1.82B | 1.90B | 2.30B | 2.25B | 2.41B |
| Property, Plant & Equipment | 21.00M | 23.00M | 52.00M | 62.00M | 74.00M | 95.00M |
| Goodwill | 428.00M | 428.00M | 670.00M | 670.00M | 670.00M | |
| Other Intangible Assets | 430.00M | 6.00M | 9.00M | 25.00M | 35.00M | 55.00M |
| Restricted Cash | 1.42B | 1.51B | 1.41B | 2.00B | 3.33B | 2.82B |
| Other Long-Term Assets | 526.00M | 500.00M | 559.00M | 493.00M | 490.00M | 501.00M |
| Total Assets | 47.30B | 48.68B | 51.79B | 61.38B | 70.80B | 80.61B |
| Short-Term Debt | 91.00M | 79.00M | 244.00M | 190.00M | 379.00M | 556.00M |
| Current Portion of Long-Term Debt | 4.21B | 5.07B | 5.13B | 4.23B | 5.75B | 2.19B |
| Long-Term Debt | 40.12B | 40.63B | 43.18B | 53.40B | 61.03B | 74.49B |
| Other Long-Term Liabilities | 471.00M | 497.00M | 586.00M | 797.00M | 664.00M | 765.00M |
| Total Liabilities | 44.90B | 46.28B | 49.15B | 58.62B | 67.82B | 78.00B |
| Common Stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Additional Paid-In Capital | 3.41B | 3.40B | 3.38B | 3.35B | 3.31B | 3.28B |
| Retained Earnings | 4.56B | 4.55B | 4.70B | 4.64B | 4.49B | 3.94B |
| Comprehensive Income & Other | 14.00M | 2.00M | 3.00M | 19.00M | 87.00M | -133.00M |
| Total Common Equity | 2.40B | 2.40B | 2.64B | 2.76B | 2.98B | 2.60B |
| Minority Interest | 11.00M | |||||
| Shareholders' Equity | 2.40B | 2.40B | 2.64B | 2.76B | 2.98B | 2.61B |
| Total Liabilities & Equity | 47.30B | 48.68B | 51.79B | 61.38B | 70.80B | 80.61B |
| Total Debt | 44.43B | 45.78B | 48.56B | 57.82B | 67.15B | 77.23B |
| Net Cash (Debt) | -43.63B | -45.11B | -47.81B | -56.92B | -65.56B | -76.11B |
| Net Cash Per Share | -456.88 | -455.62 | -430.77 | -462.80 | -455.30 | -442.49 |
| Filing Date Shares Outstanding | 93.78M | 95.09M | 102.28M | 112.75M | 128.94M | 152.13M |
| Total Common Shares Outstanding | 93.78M | 95.51M | 103.03M | 113.50M | 130.21M | 153.74M |
| Working Capital | 41.95B | 42.45B | 45.25B | 55.61B | 63.29B | 76.42B |
| Book Value Per Share | 25.57 | 25.12 | 25.63 | 24.32 | 22.86 | 16.89 |
| Tangible Book Value | 1.97B | 1.97B | 2.20B | 2.06B | 2.27B | 1.87B |
| Tangible Book Value Per Share | 20.98 | 20.57 | 21.39 | 18.19 | 17.45 | 12.18 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -49.00M | -80.00M | 131.00M | 228.00M | 645.00M | 717.00M |
| Depreciation & Amortization | 5.00M | 3.00M | 8.00M | 10.00M | 14.00M | 19.00M |
| Gain on Sale of Loans & Receivables | -78.00M | |||||
| Loss (Gain) From Sale of Investments | 3.00M | 124.00M | 25.00M | 147.00M | -590.00M | -433.00M |
| Asset Writedown & Restructuring Costs | 138.00M | 5.00M | 11.00M | |||
| Provision for Credit Losses | 267.00M | 280.00M | 113.00M | 123.00M | 79.00M | -61.00M |
| Stock-Based Compensation | 15.00M | 21.00M | 23.00M | 24.00M | 19.00M | 22.00M |
| Change in Accounts Payable | 3.00M | -3.00M | -31.00M | 29.00M | 159.00M | -55.00M |
| Change in Other Net Operating Assets | 72.00M | 20.00M | -105.00M | 157.00M | 121.00M | 440.00M |
| Other Operating Activities | 8.00M | 73.00M | ||||
| Operating Cash Flow | 340.00M | 441.00M | 459.00M | 676.00M | 305.00M | 702.00M |
| Cash Acquisitions | -16.00M | |||||
| Divestitures | 25.00M | 359.00M | ||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 2.63B | 2.70B | 8.11B | 7.35B | 10.49B | 6.62B |
| Other Investing Activities | 6.00M | -13.00M | -6.00M | 5.00M | 96.00M | 68.00M |
| Investing Cash Flow | 2.64B | 2.71B | 8.47B | 7.36B | 10.59B | 6.67B |
| Short-Term Debt Issued | 176.00M | 8.00M | 1.09B | |||
| Long-Term Debt Issued | 2.66B | 1.11B | 2.35B | 2.24B | 9.21B | |
| Total Debt Issued | 3.70B | 2.83B | 1.11B | 2.35B | 3.34B | 9.21B |
| Short-Term Debt Repaid | -116.00M | -2.17B | ||||
| Long-Term Debt Repaid | -5.90B | -10.28B | -11.91B | -12.60B | -13.87B | |
| Total Debt Repaid | -6.57B | -5.90B | -10.39B | -11.91B | -12.60B | -16.03B |
| Net Debt Issued (Repaid) | -2.87B | -3.07B | -9.29B | -9.56B | -9.26B | -6.82B |
| Repurchase of Common Stock | -78.00M | -111.00M | -179.00M | -310.00M | -400.00M | -600.00M |
| Common Dividends Paid | -61.00M | -63.00M | -70.00M | -78.00M | -91.00M | -107.00M |
| Other Financing Activities | 90.00M | 88.00M | -79.00M | -101.00M | 89.00M | 197.00M |
| Financing Cash Flow | -2.91B | -3.15B | -9.62B | -10.05B | -9.66B | -7.33B |
| Net Cash Flow | 62.00M | 1.00M | -690.00M | -2.01B | 1.23B | 41.00M |
| Cash Interest Paid | 2.35B | 2.56B | 3.24B | 3.43B | 1.90B | 1.38B |
| Cash Income Tax Paid | 42.00M | 19.00M | 35.00M | 52.00M | 18.00M | 179.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 872.19M | 1.27B | 1.43B | 2.19B | 2.23B | 3.42B |
| PE Ratio | 10.89 | 9.60 | 3.46 | 4.77 | ||
| PS Ratio | 2.61 | 3.84 | 1.68 | 1.89 | 1.35 | 1.50 |
| PB Ratio | 0.36 | 0.53 | 0.54 | 0.79 | 0.75 | 1.31 |
| P/OCF Ratio | 2.57 | 2.87 | 3.11 | 3.24 | 7.31 | 4.87 |
| Debt / Equity Ratio | 18.53 | 19.09 | 18.39 | 20.95 | 22.56 | 29.61 |
| Net Debt / Equity Ratio | 18.20 | 18.80 | 18.11 | 20.62 | 22.02 | 29.18 |
| Quick Ratio | 10.41 | 8.95 | 9.15 | 13.14 | 10.78 | 27.82 |
| Current Ratio | 10.74 | 9.24 | 9.41 | 13.59 | 11.33 | 28.85 |
| Asset Turnover | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 |
| Return on Equity (ROE) | -1.98% | -3.17% | 4.85% | 7.95% | 23.10% | 28.37% |
| Return on Assets (ROA) | -0.10% | -0.16% | 0.23% | 0.34% | 0.85% | 0.85% |
| Return on Invested Capital (ROIC) | -0.08% | -0.19% | 0.22% | 0.39% | 0.90% | 0.95% |
| Earnings Yield | -5.59% | -6.31% | 9.18% | 10.42% | 28.91% | 20.96% |
| Dividend Yield | 6.88% | 4.82% | 4.62% | 3.32% | 3.74% | 2.88% |
| Payout Ratio | 53.44% | 34.21% | 14.11% | 14.92% | ||
| Buyback Yield / Dilution | 9.48% | 10.81% | 9.76% | 14.58% | 16.28% | 11.79% |
| Total Shareholder Return | 16.36% | 15.63% | 14.38% | 17.90% | 20.02% | 14.67% |