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Navient Corporation provides technology-enabled education finance for education in the United States. It operates through two segments: Federal Education Loans and Consumer Lending. The company owns and manages portfolio of private education loans; and offers education lending and digital financial services, in-school student loans, and refinancing products under Earnest brand. It also owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions. Navient Corporation was founded in 1973 and is headquartered in Herndon, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $610M | - | $-80M | $441M | -3.3% | -36.5% | -161.1% |
| 2024 | $961M | - | $131M | $459M | 5.0% | -24.9% | -42.5% |
| 2023 | $1.3B | - | $228M | $676M | 8.3% | -26.4% | -64.7% |
| 2022 | $1.7B | - | $645M | $305M | 21.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,737 | 1,279 | 961 | 610 |
| Operating Revenue | - | 1,737 | 1,279 | 961 | 610 |
| Selling General And Administration | - | 444 | 401 | 316 | 149 |
| Interest Income | - | 3,223 | 4,419 | 3,809 | 3,108 |
| Interest Expense | - | 2,102 | 3,557 | 3,273 | 2,589 |
| Net Interest Income | - | 1,121 | 862 | 536 | 519 |
| Pretax Income | - | 827 | 313 | 174 | -111 |
| Tax Provision | - | 182 | 85 | 43 | -31 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -12.10 | -11.65 | -9.14 | -13.96 |
| Net Income Continuous Operations | - | 645 | 228 | 131 | -80 |
| Net Income From Continuing And Discontinued Operation | - | 645 | 228 | 131 | -80 |
| Net Income From Continuing Operation Net Minority Interest | - | 645 | 228 | 131 | -80 |
| Net Income | - | 645 | 228 | 131 | -80 |
| Net Income Common Stockholders | - | 645 | 228 | 131 | -80 |
| Net Income Including Noncontrolling Interests | - | 645 | 228 | 131 | -80 |
| Normalized Income | - | 687.90 | 259.35 | 158.86 | -43.96 |
| Diluted NI Availto Com Stockholders | - | 645 | 228 | 131 | -80 |
| Basic Average Shares | - | 142.07 | 121.93 | 109.17 | 98.77 |
| Diluted Average Shares | - | 144 | 123 | 111 | 99 |
| Total Unusual Items | - | -55 | -43 | -37 | -50 |
| Total Unusual Items Excluding Goodwill | - | -55 | -43 | -37 | -50 |
| Special Income Charges | - | -55 | -43 | -37 | -50 |
| Gain On Sale Of Business | - | 0 | 0 | 191 | 0 |
| Other Special Charges | - | - | 73 | 43 | 30 |
| Impairment Of Capital Assets | - | 19 | 10 | 146 | 3 |
| Restructuring And Mergern Acquisition | - | 36 | 25 | 39 | 17 |
| Gain On Sale Of Security | - | 171 | 11 | 70 | -30 |
| General And Administrative Expense | - | 444 | 401 | 316 | 149 |
| Salaries And Wages | - | 444 | 401 | 316 | 149 |
| Other Non Interest Expense | - | 332 | 399 | 321 | 242 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Navient Corporationthis co. | NAVI | $730M | - | 0.30 | -3.3% | - |
| Capital City Bank Group, Inc. | CCBG | $757M | 12.29 | 1.37 | 11.1% | - |
| World Acceptance Corporation | WRLD | $755M | 8.41 | 1.72 | 20.4% | - |
| Orrstown Financial Services, Inc. | ORRF | $736M | 9.11 | 1.24 | 13.7% | - |
| Green Dot Corporation | GDOT | $726M |
| - |
| - |
| - |
| - |
| - |
| -7.34 |
| 0.82 |
| -11.1% |
| -5.47 |
| Alerus Financial Corporation | ALRS | $721M | 41.37 | 1.28 | 3.1% | - |
| Financial Institutions, Inc. | FISI | $721M | 9.63 | 1.18 | 12.2% | - |
| SmartFinancial, Inc. | SMBK | $712M | 14.13 | 1.29 | 9.1% | - |
| Independent Bank Corporation | IBCP | $705M | 10.28 | 1.40 | 13.6% | - |
| Peer Median | - | 9.96 | 1.28 | 11.7% | -5.47 | |