Navient Corporation (NAVI) Key Metrics
NAVI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $870.3M
- Enterprise value
- $44.50B
- P/E (TTM)
- — 10-yr median 5.9
- Forward P/E
- 9.2
- PEG ratio
- 0.14
- Price / sales
- 2.6 10-yr median 0.5
- Price / book
- 0.4 10-yr median 0.8
- EV / EBITDA
- — 10-yr median 129.3
- Dividend yield
- 6.90% $0.64 a year
- Beta
- 1.17
NAVI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNAVI valuation Price multiples at each fiscal year-end price.
NAVI returns How much profit the business earns on the capital it uses.
NAVI per-share figures Results divided by the shares outstanding at year-end.
NAVI financial health Debt, liquidity and how easily interest is covered.
NAVI efficiency & capital use Working capital cycle and where the cash goes.
NAVI valuation history
NAVI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NAVI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NAVI cash returned to shareholders
NAVI price vs earnings per share
NAVI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.29B | $1.48B | $2.29B | $2.37B | $3.65B | $1.91B | $3.19B | $2.33B | $3.74B | $5.29B |
| Enterprise value | $44.89B | $49.42B | $59.37B | $68.23B | $79.47B | $84.68B | $92.19B | $100.33B | $111.99B | $119.49B |
| P/E ratio | — | 11.3 | 10.0 | 3.7 | 5.1 | 4.6 | 5.3 | 5.9 | 12.8 | 7.8 |
| Price / sales | 0.4 | 0.3 | 0.5 | 1.4 | 1.7 | 0.5 | 0.6 | 0.4 | 0.7 | 1.1 |
| Price / book | 0.5 | 0.6 | 0.8 | 0.8 | 1.4 | 0.8 | 1.0 | 0.7 | 1.1 | 1.4 |
| Price / free cash flow | 2.9 | 3.2 | 3.4 | 7.8 | 5.2 | 1.9 | 3.1 | 2.0 | 0.4 | 3.9 |
| Price / operating cash flow | 2.9 | 3.2 | 3.4 | 7.8 | 5.2 | 1.9 | 3.1 | 2.0 | 3.2 | 3.9 |
| EV / sales | 13.9 | 11.7 | 12.3 | 39.3 | 35.9 | 22.7 | 16.8 | 17.9 | 21.6 | 24.1 |
| EV / EBITDA | 18.1 | 284.0 | 189.7 | 23.1 | 82.3 | 152.8 | 116.3 | 174.5 | 142.3 | 104.4 |
| EV / free cash flow | 101.8 | 107.7 | 87.8 | 223.7 | 113.2 | 85.8 | 90.5 | 88.0 | 13.3 | 88.1 |
| Earnings yield | −6.2% | 8.9% | 10.0% | 27.2% | 19.6% | 21.5% | 18.7% | 17.0% | 7.8% | 12.9% |
| Free cash flow yield | 34.3% | 31.1% | 29.5% | 12.9% | 19.2% | 51.5% | 32.0% | 49.0% | 225.5% | 25.6% |
| Dividend yield | 4.9% | 4.7% | 3.4% | 3.8% | 2.9% | 6.4% | 4.6% | 7.1% | 4.7% | 3.8% |
| Shareholder yield (dividends + buybacks) | 13.5% | 16.9% | 16.9% | 20.7% | 19.4% | 27.3% | 18.4% | 16.6% | 16.5% | 18.1% |
| Share price at fiscal year-end | $13.00 | $13.29 | $18.62 | $16.45 | $21.22 | $9.82 | $13.68 | $8.81 | $13.32 | $16.43 |
| Per share | ||||||||||
| Revenue per share | $32.62 | $38.14 | $39.32 | $12.06 | $12.85 | $19.15 | $23.54 | $21.18 | $18.44 | $15.42 |
| Earnings per share | −$0.81 | $1.18 | $1.85 | $4.48 | $4.17 | $2.11 | $2.56 | $1.50 | $1.04 | $2.11 |
| Operating cash flow per share | $4.45 | $4.14 | $5.50 | $2.12 | $4.08 | $5.06 | $4.37 | $4.32 | $4.12 | $4.21 |
| Free cash flow per share | $4.45 | $4.14 | $5.50 | $2.12 | $4.08 | $5.06 | $4.37 | $4.32 | $30.03 | $4.21 |
| Cash per share | $21.25 | $6.50 | $6.82 | $10.66 | $5.26 | $6.07 | $5.29 | $4.87 | $5.41 | $3.90 |
| Book value per share | $24.23 | $23.79 | $22.44 | $20.67 | $15.10 | $12.55 | $14.32 | $13.33 | $12.29 | $11.49 |
| Tangible book value per share | $19.85 | $19.86 | $16.79 | $15.78 | $10.88 | $8.78 | $11.07 | $10.35 | $9.41 | $9.41 |
| Dividends per share | $0.64 | $0.63 | $0.63 | $0.63 | $0.62 | $0.63 | $0.63 | $0.63 | $0.63 | $0.62 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $25.91 | $0.00 |
| Debt per share | $461.68 | $438.42 | $470.85 | $468.03 | $446.05 | $430.49 | $387.27 | $376.11 | $390.63 | $358.55 |
| Shares outstanding | 99.0M | 111.0M | 123.0M | 144.0M | 172.0M | 195.0M | 233.0M | 264.0M | 281.0M | 322.0M |
| Change in shares outstanding | −10.8% | −9.8% | −14.6% | −16.3% | −11.8% | −16.3% | −11.7% | −6.0% | −12.7% | −15.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.2% | 4.9% | 7.9% | 23.1% | 28.4% | 14.2% | 17.4% | 11.3% | 8.2% | 17.9% |
| Return on invested capital (ROIC) | 4.1% | 0.2% | 0.4% | 3.1% | 0.9% | 0.5% | 0.6% | 0.4% | 0.3% | 0.5% |
| Return on assets (ROA) | −0.2% | 0.2% | 0.3% | 0.9% | 0.9% | 0.5% | 0.6% | 0.4% | 0.2% | 0.5% |
| Return on tangible assets | −0.2% | 0.3% | 0.4% | 0.9% | 0.9% | 0.5% | 0.6% | 0.4% | 0.3% | 0.6% |
| Free cash flow margin | 13.7% | 10.8% | 14.0% | 17.6% | 31.8% | 26.4% | 18.6% | 20.4% | 162.9% | 27.3% |
| Income quality (OCF / net income) | — | 3.50 | 2.96 | 0.47 | 0.98 | 2.40 | 1.71 | 2.89 | 3.96 | 1.99 |
| Financial health | ||||||||||
| Total debt | $45.71B | $48.66B | $57.91B | $67.40B | $76.72B | $83.94B | $90.23B | $99.29B | $109.77B | $115.45B |
| Cash & short-term investments | $2.10B | $722.0M | $839.0M | $1.53B | $905.0M | $1.18B | $1.23B | $1.29B | $1.52B | $1.26B |
| Net debt | $43.60B | $47.94B | $57.08B | $65.86B | $75.82B | $82.76B | $89.00B | $98.01B | $108.25B | $114.20B |
| Debt / equity | 19.05 | 18.43 | 20.98 | 22.64 | 29.54 | 34.31 | 27.05 | 28.22 | 31.78 | 31.21 |
| Debt / assets | 0.94 | 0.94 | 0.94 | 0.95 | 0.95 | 0.96 | 0.95 | 0.95 | 0.95 | 0.95 |
| Net debt / EBITDA | 17.62 | 275.53 | 182.35 | 22.34 | 78.48 | 149.39 | 112.23 | 170.45 | 137.55 | 99.82 |
| Current ratio | 0.74 | 0.55 | 0.66 | 0.76 | 0.87 | 0.56 | 0.37 | 0.43 | 0.33 | 0.27 |
| Quick ratio | 0.74 | 0.55 | 0.56 | −0.63 | −0.61 | −0.29 | −0.24 | 12.69 | 9.86 | 8.80 |
| Interest coverage | 1.0 | 0.1 | 0.1 | 1.4 | 0.7 | 0.3 | 0.2 | 0.1 | 0.3 | 0.5 |
| Working capital | −$1.30B | −$2.12B | −$1.62B | −$1.18B | −$478.0M | −$2.92B | −$6.00B | −$4.85B | −$8.01B | −$10.32B |
| Invested capital | $46.00B | $50.58B | $59.84B | $68.84B | $78.41B | $85.21B | $92.34B | $101.53B | $111.70B | $117.90B |
| Tangible asset value | $1.97B | $2.20B | $2.06B | $2.27B | $1.88B | $1.71B | $2.59B | $2.76B | $2.67B | $3.05B |
| Net current asset value | −$42.51B | −$46.52B | −$55.47B | −$64.04B | −$74.68B | −$81.28B | −$87.99B | −$96.98B | −$107.53B | −$113.67B |
| Graham number | — | $25.14 | $30.59 | $45.65 | $37.63 | $24.42 | $28.73 | $21.18 | $16.95 | $23.38 |
| Graham net-net per share | −$433.59 | −$423.42 | −$453.69 | −$424.57 | −$421.37 | −$405.69 | −$367.59 | −$566.88 | −$588.06 | −$541.32 |
| Capital allocation | ||||||||||
| Dividends paid | $63.0M | $70.0M | $78.0M | $91.0M | $107.0M | $123.0M | $147.0M | $166.0M | $176.0M | $201.0M |
| Share buybacks (net) | $111.0M | $179.0M | $310.0M | $400.0M | $600.0M | $400.0M | $440.0M | $220.0M | $440.0M | $755.0M |
| Dividend payout ratio | — | 53.4% | 34.2% | 14.1% | 14.9% | 29.9% | 24.6% | 42.0% | 60.3% | 29.5% |
| Dividends + buybacks / free cash flow | 39.5% | 54.2% | 57.4% | 161.0% | 100.7% | 53.0% | 57.6% | 33.9% | 7.3% | 70.4% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 140.5% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 629.4% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 316.61 | 0.00 |
| Stock-based compensation / revenue | 0.7% | 0.5% | 0.5% | 1.1% | 1.0% | 0.5% | 0.5% | 0.4% | 0.7% | 0.5% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 4.6% | 7.5% | 8.3% | 25.6% | 25.7% | 13.3% | 8.9% | 9.1% | 10.0% | 10.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 201.9 | 181.3 | 171.7 | 489.1 | 405.6 | 236.3 | 156.2 | 157.3 | 173.8 | 198.3 |
| Days of inventory on hand | — | — | 367.5 | 5,154.0 | 1,694.4 | 948.6 | -4,790.2 | -9,869.6 | -12,583.3 | -7,632.1 |
| Days payables outstanding | — | — | — | — | — | — | — | — | 0.0 | 0.0 |
| Cash conversion cycle (days) | — | — | — | — | — | — | — | — | -12,409.5 | -7,433.8 |
| Receivables turnover | 1.81 | 2.01 | 2.13 | 0.75 | 0.90 | 1.54 | 2.34 | 2.32 | 2.10 | 1.84 |
| Inventory turnover | — | — | 0.99 | 0.07 | 0.22 | 0.38 | — | — | — | — |
| Asset turnover | 0.06 | 0.07 | 0.07 | 0.02 | 0.03 | 0.04 | 0.06 | 0.05 | 0.04 | 0.04 |
| Average receivables | $1.79B | $2.10B | $2.27B | $2.33B | $2.46B | $2.42B | $2.35B | $2.41B | $2.47B | $2.70B |
| Average payables | — | — | — | — | — | — | — | — | $0 | $0 |
| Average inventory | — | — | $3.71B | $6.27B | $5.60B | $5.72B | −$49.16B | −$109.19B | −$117.11B | −$60.01B |
| Intangibles / total assets | 0.9% | 0.8% | 1.1% | 1.0% | 0.9% | 0.8% | 0.8% | 0.8% | 0.7% | 0.6% |
Computed from NAVI's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NAVI valuation and financial ratios
Navient earned a return on equity of −3.2% and a return on invested capital of 4.1% in fiscal 2025. It ended the year with $45.7 billion of debt and $2.1 billion in cash and short-term investments, net debt of $43.6 billion. It returned $174.0 million to shareholders: $63.0 million in dividends and $111.0 million in share buybacks, 39% of free cash flow. The share count fell 69.3% from 322.0M to 99.0M over 9 years.
See the NAVI income statement, the NAVI chart for price history, or the NAVI stock overview for the latest quote and news.
NAVI key metrics FAQ
What is Navient's EV/EBITDA?
Navient's enterprise value was 18.1 times EBITDA at the end of fiscal 2025 (enterprise value $44.9 billion, EBITDA $2.5 billion).
What is Navient's return on equity?
Navient's return on equity (ROE) was −3.2% in fiscal 2025: net income of -$80.0 million on average shareholders' equity of $2.5 billion.
What is Navient's ROIC?
Navient's return on invested capital was 4.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Navient have?
Navient had total debt of $45.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 19.05 and $43.6 billion of net debt (17.62 times EBITDA).
What is Navient's dividend yield?
Navient's forward dividend yield is 6.90%. Navient paid $63.0 million in dividends in fiscal 2025 ($0.64 per share), a payout ratio of —.
Does Navient buy back its shares?
Yes. Navient spent $111.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −10.8% over the year, to 99.0M..
What is Navient's free cash flow yield?
Navient generated $441.0 million of free cash flow in fiscal 2025, a free cash flow yield of 34.3% on its market value at year-end ($1.3 billion).
What is Navient's current ratio?
Navient's current ratio was 0.74 at the end of fiscal 2025: current assets were 0.74 times current liabilities.