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SLM (SLM) Financials

SLM logo
$32.38 -0.51 (-1.55%)
Closing price 05/30/2025 04:00 PM Eastern
Extended Trading
$32.37 -0.01 (-0.03%)
As of 05/30/2025 05:22 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for SLM

Annual Income Statements for SLM

This table shows SLM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 590 564 460 1,156 871 561 472 273 229 255
Consolidated Net Income / (Loss)		 608 581 469 1,161 881 578 487 289 250 274
Net Income / (Loss) Continuing Operations		 608 581 469 1,161 881 578 487 289 250 274
Total Pre-Tax Income 		799 778 631 1,540 1,154 744 559 491 414 439
Total Revenue		 1,849 1,809 1,823 2,027 1,811 1,672 1,361 1,126 960 885
Net Interest Income / (Expense)		 1,481 1,562 1,489 1,395 1,480 1,623 1,413 1,129 891 702
Total Interest Income		 2,619 2,592 2,032 1,777 2,022 2,331 1,935 1,437 1,077 831
Loans and Leases Interest Income		 2,314 2,328 1,915 1,757 1,989 2,249 1,895 1,414 1,060 817
Investment Securities Interest Income		 305 265 117 20 33 82 41 24 17 14
Total Interest Expense		 1,138 1,030 543 382 542 708 522 308 186 129
Deposits Interest Expense		 881 808 369 225 393 548 389 224 148 116
Short-Term Borrowings Interest Expense		 14 14 12 19 14 6.19 5.83 6.34 7.32 6.49
Long-Term Debt Interest Expense		 243 209 162 138 134 154 127 78 30 5.74
Total Non-Interest Income		 368 247 335 632 331 49 -52 -2.90 69 183
Other Service Charges		 113 84 67 45 39 31 -52 5.36 70 42
Net Realized & Unrealized Capital Gains on Investments		 255 163 267 588 292 18 0.42 -8.27 -0.73 141
Provision for Credit Losses		 409 345 633 -33 93 354 245 186 159 90
Total Non-Interest Expense		 642 686 559 520 564 574 557 449 386 356
Salaries and Employee Benefits		 349 327 270 258 282 278 252 213 184 159
Property & Liability Insurance Claims		 52 46 21 23 22 33 33 29 19 14
Other Operating Expenses		 236 247 260 237 234 263 272 207 183 176
Amortization Expense		 5.33 66 7.78 0.00 0.00 - - - - 1.48
Income Tax Expense		 190 197 162 380 273 165 72 203 164 165
Preferred Stock Dividends Declared		 18 18 9.03 4.74 9.73 17 16 16 21 20
Basic Earnings per Share		 $2.73 $2.44 $1.78 $3.67 $2.27 $1.31 $1.08 $0.63 $0.54 $0.60
Weighted Average Basic Shares Outstanding		 216.22M 231.41M 258.44M 314.99M 383.71M 427.29M 435.05M 431.22M 427.88M 425.57M
Diluted Earnings per Share		 $2.68 $2.41 $1.76 $3.61 $2.25 $1.30 $1.07 $0.62 $0.53 $0.59
Weighted Average Diluted Shares Outstanding		 219.93M 234.06M 261.50M 319.91M 387.20M 430.67M 439.68M 438.55M 432.92M 432.23M
Weighted Average Basic & Diluted Shares Outstanding		 210.42M 220.35M 241.19M 279.39M 363.67M 422.62M 436.90M 433.70M 424.30M 424.50M
Cash Dividends to Common per Share		 $0.46 $0.44 $0.44 $0.20 $0.12 $0.12 $0.00 $0.00 - -

Quarterly Income Statements for SLM

This table shows SLM's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 301 107 -50 247 285 164 25 261 114 -81 73
Consolidated Net Income / (Loss)		 305 112 -45 252 290 168 29 265 119 -77 75
Net Income / (Loss) Continuing Operations		 305 112 -45 252 290 168 29 265 119 -77 75
Total Pre-Tax Income 		403 132 -60 339 387 225 41 357 156 -97 105
Total Revenue		 581 390 384 514 561 443 409 531 427 341 465
Net Interest Income / (Expense)		 375 362 359 372 387 386 385 387 405 381 370
Total Interest Income		 656 661 653 641 664 669 652 634 638 584 520
Loans and Leases Interest Income		 599 587 565 565 597 596 581 568 583 527 483
Investment Securities Interest Income		 57 74 88 76 67 73 71 66 55 56 37
Total Interest Expense		 281 299 293 269 277 283 268 247 233 202 150
Deposits Interest Expense		 204 224 226 211 220 223 210 191 184 153 105
Short-Term Borrowings Interest Expense		 3.40 3.48 3.47 3.31 3.56 3.61 3.58 3.30 3.02 3.05 3.05
Long-Term Debt Interest Expense		 74 72 64 55 53 56 54 53 46 46 42
Total Non-Interest Income		 206 28 25 142 174 57 24 144 22 -41 95
Other Service Charges		 29 28 28 28 29 21 23 21 20 15 19
Net Realized & Unrealized Capital Gains on Investments		 177 0.07 -3.87 114 145 36 1.49 124 1.70 -55 76
Provision for Credit Losses		 23 108 271 17 12 16 198 18 114 297 208
Total Non-Interest Expense		 155 150 172 159 162 202 170 156 157 140 152
Salaries and Employee Benefits		 91 80 88 85 96 77 84 78 88 67 65
Property & Liability Insurance Claims		 12 14 13 12 13 12 12 9.85 12 9.44 4.59
Other Operating Expenses		 50 54 70 60 51 54 72 66 55 61 80
Amortization Expense		 1.02 1.50 1.23 1.39 1.22 59 2.83 2.25 2.27 2.30 2.33
Income Tax Expense		 99 21 -14 87 98 57 11 91 37 -19 30
Preferred Stock Dividends Declared		 3.96 4.37 4.65 4.63 4.65 4.73 4.64 4.27 4.06 3.47 2.53
Basic Earnings per Share		 $1.43 $0.54 ($0.23) $1.13 $1.29 $0.75 $0.11 $1.11 $0.47 ($0.27) $0.29
Weighted Average Basic Shares Outstanding		 210.68M 216.22M 214.87M 218.92M 220.42M 231.41M 226.12M 235.06M 241.50M 258.44M 251.27M
Diluted Earnings per Share		 $1.40 $0.53 ($0.23) $1.11 $1.27 $0.73 $0.11 $1.10 $0.47 ($0.27) $0.29
Weighted Average Diluted Shares Outstanding		 214.99M 219.93M 214.87M 222.47M 223.85M 234.06M 228.80M 237.59M 243.55M 261.50M 253.72M
Weighted Average Basic & Diluted Shares Outstanding		 210.74M 210.42M 212.33M 217.46M 220.28M 220.35M 226.27M 226.08M 242.25M 241.19M 250.20M
Cash Dividends to Common per Share		 $0.13 $0.13 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11

Annual Cash Flow Statements for SLM

This table details how cash moves in and out of SLM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 575 -473 227 -64 -1,111 3,039 1,046 -336 -472 56
Net Cash From Operating Activities		 -329 -145 4.99 -50 -183 -16 -103 -171 -199 -85
Net Cash From Continuing Operating Activities		 -329 -145 4.99 -50 -183 -16 -103 -171 -199 -85
Net Income / (Loss) Continuing Operations		 608 581 469 1,161 881 578 487 289 250 274
Consolidated Net Income / (Loss)		 608 581 469 1,161 881 578 487 289 250 274
Provision For Loan Losses		 409 345 633 -33 93 354 245 186 159 90
Depreciation Expense		 18 18 17 16 15 15 14 11 9.59 7.40
Amortization Expense		 29 91 38 41 53 34 27 21 19 20
Non-Cash Adjustments to Reconcile Net Income		 -237 -133 -310 -462 -142 -5.14 32 -17 -59 -58
Changes in Operating Assets and Liabilities, net		 -1,156 -1,047 -843 -772 -1,083 -992 -908 -661 -578 -418
Net Cash From Investing Activities		 676 -12 1,077 2,605 947 -2,307 -3,255 -3,160 -3,309 -1,848
Net Cash From Continuing Investing Activities		 676 -12 1,077 2,605 947 -2,307 -3,255 -3,160 -3,309 -1,848
Purchase of Investment Securities		 -92 -121 -881 -1,257 -2,083 -356 -16 -78 -56 -64
Sale of Property, Leasehold Improvements and Equipment		 6,972 6,245 7,046 8,488 3,876 0.00 45 6.99 9.52 1,547
Sale and/or Maturity of Investments		 860 316 993 885 700 94 133 89 104 145
Other Investing Activities, net		 -7,064 -6,452 -6,081 -5,512 -1,545 -2,044 -3,416 -3,178 -3,366 -3,476
Net Cash From Financing Activities		 228 -316 -855 -2,620 -1,876 5,361 4,403 2,995 3,036 1,989
Net Cash From Continuing Financing Activities		 228 -316 -855 -2,620 -1,876 5,361 4,403 2,995 3,036 1,989
Net Change in Deposits		 -607 175 689 -1,750 -1,729 5,246 3,418 2,076 1,973 932
Issuance of Debt		 2,207 1,135 572 2,076 1,831 1,403 2,191 1,937 2,152 1,831
Repayment of Debt		 -1,006 -1,157 -1,281 -1,349 -1,296 -1,053 -1,190 -837 -1,068 -754
Repurchase of Common Equity		 -248 -350 -713 -1,531 -558 -167 0.00 0.00 - -
Payment of Dividends		 -117 -119 -122 -65 -56 -68 -16 -16 -21 -20
Cash Interest Paid		 1,742 963 1,073 360 517 666 472 269 170 112
Cash Income Taxes Paid		 245 200 275 270 254 203 242 284 272 231

Quarterly Cash Flow Statements for SLM

This table details how cash moves in and out of SLM's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -1,006 214 -744 1,673 -568 576 -303 128 -875 -252 1,228
Net Cash From Operating Activities		 -146 4.54 -113 -144 -77 -27 -59 -67 8.89 -0.88 3.37
Net Cash From Continuing Operating Activities		 -145 4.54 -113 -144 -77 -27 -59 -67 8.89 -0.88 3.37
Net Income / (Loss) Continuing Operations		 305 112 -45 252 290 168 29 265 119 -77 75
Consolidated Net Income / (Loss)		 305 112 -45 252 290 168 29 265 119 -77 75
Provision For Loan Losses		 23 108 271 17 12 16 198 18 114 297 208
Depreciation Expense		 3.95 4.16 4.22 4.56 4.71 4.41 4.26 4.62 4.52 4.49 4.35
Amortization Expense		 7.30 7.91 6.94 7.12 7.36 65 9.11 8.11 8.92 8.64 9.44
Non-Cash Adjustments to Reconcile Net Income		 -61 -192 1.10 -15 -31 -188 23 -18 50 -209 -36
Changes in Operating Assets and Liabilities, net		 -423 -35 -352 -409 -360 -93 -323 -344 -287 -25 -257
Net Cash From Investing Activities		 497 269 -1,814 1,649 572 923 -1,695 2,231 -1,471 63 -344
Net Cash From Continuing Investing Activities		 496 269 -1,814 1,649 572 923 -1,695 2,231 -1,471 63 -344
Purchase of Investment Securities		 -39 -15 -17 -34 -26 -35 -41 -40 -4.99 - -0.09
Sale of Property, Leasehold Improvements and Equipment		 2,983 1,189 641 2,242 2,901 1,749 733 2,850 913 752 1,954
Sale and/or Maturity of Investments		 335 88 342 140 291 61 80 90 85 158 80
Other Investing Activities, net		 -2,783 -993 -2,780 -698 -2,593 -852 -2,468 -669 -2,463 -846 -2,377
Net Cash From Financing Activities		 -1,357 -59 1,183 167 -1,063 -319 1,452 -2,036 587 -314 1,568
Net Cash From Continuing Financing Activities		 -1,357 -59 1,183 167 -1,063 -319 1,452 -2,036 587 -314 1,568
Net Change in Deposits		 -999 -381 695 -165 -756 92 1,182 -1,444 345 163 1,308
Issuance of Debt		 494 677 864 665 0.00 -0.03 566 -0.36 570 -0.42 573
Repayment of Debt		 -790 -279 -234 -241 -253 -294 -267 -304 -293 -292 -272
Repurchase of Common Equity		 -30 -47 -114 -61 -25 -91 - -255 -4.01 -158 -10
Payment of Dividends		 -31 -32 -28 -29 -29 -29 -30 -30 -31 -30 -30
Cash Interest Paid		 417 917 289 251 284 272 242 250 199 787 111
Cash Income Taxes Paid		 11 7.81 71 158 8.28 21 89 78 12 53 100

Annual Balance Sheets for SLM

This table presents SLM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 30,072 29,169 28,811 29,222 30,770 32,686 26,638 21,780 18,533 15,214
Cash and Due from Banks		 4,700 4,150 4,616 4,335 4,455 5,564 2,559 1,534 1,919 2,416
Restricted Cash		 174 150 157 211 154 157 123 102 54 28
Trading Account Securities		 1,986 2,466 2,427 2,555 4,899 488 232 244 209 195
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15,138 11,631
Premises and Equipment, Net		 119 130 141 151 155 135 106 90 87 81
Intangible Assets		 64 69 118 0.00 - - - - - -
Other Assets		 23,028 22,206 21,352 21,971 21,107 26,343 1,348 1,242 1,127 863
Total Liabilities & Shareholders' Equity		 30,072 29,169 28,811 29,222 30,770 32,686 26,638 21,780 18,533 15,214
Total Liabilities		 27,912 27,289 27,084 27,072 28,208 29,375 23,666 19,305 16,186 13,118
Non-Interest Bearing Deposits		 21,069 21,653 21,448 20,828 22,666 24,284 18,943 15,500 13,436 11,488
Long-Term Debt		 6,440 5,228 5,235 5,931 5,189 4,354 4,284 3,275 2,168 579
Other Long-Term Liabilities		 403 408 401 313 352 447 438 525 582 551
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,160 1,881 1,727 2,150 2,563 3,312 2,973 2,474 2,347 2,096
Total Preferred & Common Equity		 2,160 1,881 1,727 2,150 2,312 2,912 2,973 2,474 2,347 2,096
Preferred Stock		 251 251 251 251 - - 400 400 565 565
Total Common Equity		 1,909 1,630 1,476 1,899 2,312 2,912 2,573 2,074 1,782 1,531
Common Stock		 1,282 1,236 1,196 1,161 1,423 1,398 1,365 1,311 1,263 1,222
Retained Earnings		 4,114 3,625 3,164 2,817 1,722 1,851 1,340 868 595 367
Treasury Stock		 -3,422 -3,156 -2,790 -2,061 -799 -325 -143 -108 -67 -41
Accumulated Other Comprehensive Income / (Loss)		 -66 -75 -94 -18 -34 -12 11 2.75 -8.67 -16

Quarterly Balance Sheets for SLM

This table presents SLM's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 28,899 30,013 28,769 28,277 29,273 27,708 29,454 29,139
Cash and Due from Banks		 3,695 4,490 5,262 3,584 3,548 3,876 3,716 4,847
Trading Account Securities		 1,711 2,563 2,344 2,329 2,369 2,425 2,389 2,509
Loans and Leases, Net of Allowance		 21,091 20,460 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 117 123 126 127 133 135 138 144
Intangible Assets		 63 65 66 67 128 114 116 121
Other Assets		 2,045 2,141 20,828 22,021 22,921 21,008 22,913 21,341
Total Liabilities & Shareholders' Equity		 28,899 30,013 28,769 28,277 29,273 27,708 29,454 29,139
Total Liabilities		 26,498 27,879 26,486 26,164 27,474 25,902 27,627 27,157
Non-Interest Bearing Deposits		 20,073 21,445 20,744 20,903 21,551 20,361 21,804 21,277
Long-Term Debt		 6,147 6,037 5,403 4,977 5,516 5,214 5,514 5,522
Other Long-Term Liabilities		 278 397 339 283 408 327 309 358
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,401 2,134 2,283 2,114 1,799 1,806 1,827 1,982
Total Preferred & Common Equity		 2,401 2,134 2,032 2,114 1,799 1,555 1,827 1,731
Preferred Stock		 251 - - 251 251 - 251 -
Total Common Equity		 2,150 2,134 2,032 1,863 1,548 1,555 1,576 1,731
Common Stock		 1,298 1,524 1,262 1,252 1,228 1,217 1,209 1,189
Retained Earnings		 4,386 4,035 4,108 3,885 3,486 3,486 3,250 3,271
Treasury Stock		 -3,478 -3,375 -3,259 -3,197 -3,064 -3,064 -2,805 -2,635
Accumulated Other Comprehensive Income / (Loss)		 -56 -50 -79 -77 -101 -84 -78 -93

Annual Metrics And Ratios for SLM

This table displays calculated financial ratios and metrics derived from SLM's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 2.20% -0.77% -10.05% 11.91% 8.32% 22.85% 20.85% 17.31% 8.48% 20.30%
EBITDA Growth		 -4.65% 29.23% -57.04% 30.75% 54.20% 32.08% 14.57% 18.14% -4.93% 30.99%
EBIT Growth		 2.61% 23.40% -59.05% 33.47% 55.16% 32.97% 13.81% 18.59% -5.61% 31.55%
NOPAT Growth		 4.63% 23.96% -59.59% 31.77% 52.30% 18.63% 68.72% 15.42% -8.73% 41.54%
Net Income Growth		 4.63% 23.96% -59.59% 31.77% 52.30% 18.63% 68.72% 15.42% -8.73% 41.54%
EPS Growth		 11.20% 36.93% -51.25% 60.44% 73.08% 21.50% 72.58% 16.98% -10.17% 40.48%
Operating Cash Flow Growth		 -127.74% -2,997.38% 110.08% 72.89% -1,067.89% 84.78% 39.97% 14.00% -133.97% 80.52%
Free Cash Flow Firm Growth		 -303.06% -72.59% 90.85% -23.24% 1,004.12% 88.25% -7.87% 13.18% -1.66% -127.93%
Invested Capital Growth		 20.99% 2.10% -13.84% 4.24% -2.55% 9.62% 26.22% 27.34% 42.18% 73.53%
Revenue Q/Q Growth		 -2.79% 5.99% -8.95% 8.14% -2.57% 1.19% 8.65% 2.96% -0.52% 12.29%
EBITDA Q/Q Growth		 -15.07% 74.19% -42.52% -8.63% 46.08% -1.65% 15.74% 0.23% -6.64% 27.95%
EBIT Q/Q Growth		 -10.44% 70.50% -44.54% -8.88% 49.87% -2.10% 16.39% -0.03% -7.04% 29.71%
NOPAT Q/Q Growth		 -8.55% 73.08% -44.97% -9.82% 49.44% -1.05% 25.97% -7.44% -7.26% 34.35%
Net Income Q/Q Growth		 -8.55% 73.08% -44.97% -9.82% 49.44% -1.05% 25.97% -7.44% -7.26% 34.35%
EPS Q/Q Growth		 -6.94% 70.92% -45.17% 0.56% 59.57% 0.00% 25.88% -7.46% -8.62% 37.21%
Operating Cash Flow Q/Q Growth		 8.77% -22.19% -90.30% 27.85% -23.94% 82.17% 24.75% 7.09% -102.95% 74.02%
Free Cash Flow Firm Q/Q Growth		 -364.32% -17.22% 76.72% -5.95% -28.89% 4.74% 33.12% 1.62% -76.74% 16.20%
Invested Capital Q/Q Growth		 5.26% -2.82% -7.23% 7.02% 8.45% -1.58% -1.57% 5.29% 7.83% -3.80%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 45.73% 49.02% 37.64% 78.81% 67.46% 47.39% 44.08% 46.49% 46.16% 52.68%
EBIT Margin		 43.19% 43.02% 34.59% 75.98% 63.71% 44.48% 41.09% 43.63% 43.16% 49.61%
Profit (Net Income) Margin		 32.90% 32.13% 25.72% 57.25% 48.62% 34.58% 35.81% 25.65% 26.07% 30.99%
Tax Burden Percent		 76.17% 74.70% 74.36% 75.35% 76.32% 77.75% 87.15% 58.79% 60.40% 62.47%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.83% 25.30% 25.64% 24.65% 23.68% 22.25% 12.85% 41.21% 39.60% 37.53%
Return on Invested Capital (ROIC)		 7.75% 8.26% 6.24% 14.66% 11.21% 7.60% 7.50% 5.63% 6.51% 10.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.75% 8.26% 6.24% 14.66% 11.21% 7.60% 7.50% 5.63% 6.51% 10.96%
Return on Net Nonoperating Assets (RNNOA)		 22.36% 23.97% 17.96% 34.59% 18.77% 10.80% 10.40% 6.36% 4.76% 3.01%
Return on Equity (ROE)		 30.11% 32.23% 24.20% 49.25% 29.98% 18.40% 17.90% 11.99% 11.27% 13.97%
Cash Return on Invested Capital (CROIC)		 -11.25% 6.19% 21.11% 10.51% 13.80% -1.58% -15.68% -18.42% -28.32% -42.81%
Operating Return on Assets (OROA)		 2.70% 2.68% 2.17% 5.13% 3.64% 2.51% 2.31% 2.44% 2.46% 3.12%
Return on Assets (ROA)		 2.05% 2.01% 1.62% 3.87% 2.78% 1.95% 2.01% 1.43% 1.48% 1.95%
Return on Common Equity (ROCE)		 26.37% 27.74% 21.06% 44.00% 26.66% 16.06% 15.27% 9.59% 8.40% 9.95%
Return on Equity Simple (ROE_SIMPLE)		 28.16% 30.91% 27.16% 53.98% 38.10% 19.86% 16.40% 11.68% 10.67% 13.08%
Net Operating Profit after Tax (NOPAT)		 608 581 469 1,161 881 578 487 289 250 274
NOPAT Margin		 32.90% 32.13% 25.72% 57.25% 48.62% 34.58% 35.81% 25.65% 26.07% 30.99%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 18.90% 18.05% 14.83% 12.74% 15.60% 16.64% 18.54% 18.94% 19.16% 17.96%
Operating Expenses to Revenue		 34.72% 37.89% 30.67% 25.65% 31.15% 34.34% 40.92% 39.87% 40.23% 40.22%
Earnings before Interest and Taxes (EBIT)		 799 778 631 1,540 1,154 744 559 491 414 439
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 846 887 686 1,598 1,222 792 600 524 443 466
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 3.07 2.60 2.67 2.84 1.86 1.18 1.27 2.12 2.39 1.64
Price to Tangible Book Value (P/TBV)		 3.17 2.71 2.91 2.84 1.86 1.18 1.27 2.12 2.39 1.64
Price to Revenue (P/Rev)		 3.17 2.34 2.17 2.66 2.38 2.06 2.40 3.91 4.44 2.83
Price to Earnings (P/E)		 9.93 7.52 8.58 4.67 4.94 6.12 6.92 16.12 18.59 9.84
Dividend Yield		 1.67% 2.35% 2.79% 1.09% 1.05% 1.47% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 10.08% 13.30% 11.65% 21.40% 20.23% 16.33% 14.44% 6.20% 5.38% 10.16%
Enterprise Value to Invested Capital (EV/IC)		 0.89 0.76 0.67 0.87 0.66 0.35 0.73 1.12 1.11 0.54
Enterprise Value to Revenue (EV/Rev)		 4.15 2.99 2.56 3.47 2.84 1.65 3.87 5.72 5.23 1.93
Enterprise Value to EBITDA (EV/EBITDA)		 9.07 6.11 6.79 4.40 4.20 3.48 8.78 12.30 11.32 3.66
Enterprise Value to EBIT (EV/EBIT)		 9.61 6.96 7.39 4.57 4.45 3.71 9.42 13.11 12.11 3.89
Enterprise Value to NOPAT (EV/NOPAT)		 12.61 9.32 9.94 6.06 5.83 4.77 10.81 22.30 20.05 6.22
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 933.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 12.45 2.94 8.46 4.74 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 2.98 2.78 3.03 2.76 2.02 1.40 1.44 1.32 0.92 0.51
Long-Term Debt to Equity		 2.98 2.78 3.03 2.76 2.02 1.31 1.44 1.32 0.92 0.28
Financial Leverage		 2.89 2.90 2.88 2.36 1.67 1.42 1.39 1.13 0.73 0.27
Leverage Ratio		 14.66 16.07 14.97 12.73 10.80 9.44 8.89 8.36 7.59 7.18
Compound Leverage Factor		 14.66 16.07 14.97 12.73 10.80 9.44 8.89 8.36 7.59 7.18
Debt to Total Capital		 74.89% 73.54% 75.19% 73.40% 66.94% 58.37% 59.04% 56.97% 48.02% 33.99%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 3.64% 0.00% 0.00% 0.00% 15.75%
Long-Term Debt to Total Capital		 74.89% 73.54% 75.19% 73.40% 66.94% 54.73% 59.04% 56.97% 48.02% 18.24%
Preferred Equity to Total Capital		 2.92% 3.53% 3.61% 3.11% 0.00% 0.00% 5.51% 6.96% 12.51% 17.79%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 3.24% 5.03% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 22.20% 22.93% 21.20% 23.50% 29.82% 36.60% 35.45% 36.08% 39.47% 48.22%
Debt to EBITDA		 7.62 5.89 7.63 3.71 4.25 5.86 7.14 6.25 4.89 2.31
Net Debt to EBITDA		 1.85 1.05 0.67 0.87 0.47 -1.36 2.67 3.13 0.44 -2.93
Long-Term Debt to EBITDA		 7.62 5.89 7.63 3.71 4.25 5.49 7.14 6.25 4.89 1.24
Debt to NOPAT		 10.59 8.99 11.16 5.11 5.89 8.03 8.79 11.34 8.66 3.93
Net Debt to NOPAT		 2.57 1.60 0.99 1.19 0.66 -1.86 3.29 5.67 0.78 -4.98
Long-Term Debt to NOPAT		 10.59 8.99 11.16 5.11 5.89 7.53 8.79 11.34 8.66 2.11
Noncontrolling Interest Sharing Ratio		 12.43% 13.92% 12.95% 10.66% 11.08% 12.73% 14.69% 20.02% 25.43% 28.78%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -884 435 1,588 832 1,084 -120 -1,020 -946 -1,089 -1,071
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -0.78 0.42 2.92 2.18 2.00 -0.17 -1.95 -3.07 -5.86 -8.33
Operating Cash Flow to Interest Expense		 -0.29 -0.14 0.01 -0.13 -0.34 -0.02 -0.20 -0.56 -1.07 -0.66
Operating Cash Flow Less CapEx to Interest Expense		 5.84 5.92 12.99 22.09 6.82 -0.02 -0.11 -0.53 -1.02 11.37
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.06 0.06 0.06 0.07 0.06 0.06 0.06 0.06 0.06 0.06
Fixed Asset Turnover		 14.86 13.39 12.52 13.29 12.52 13.92 13.94 12.74 11.41 11.08
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 8,600 7,108 6,962 8,081 7,752 7,955 7,257 5,750 4,515 3,176
Invested Capital Turnover		 0.24 0.26 0.24 0.26 0.23 0.22 0.21 0.22 0.25 0.35
Increase / (Decrease) in Invested Capital		 1,492 146 -1,119 329 -203 698 1,507 1,234 1,339 1,346
Enterprise Value (EV)		 7,673 5,417 4,661 7,037 5,136 2,760 5,269 6,443 5,019 1,707
Market Capitalization		 5,856 4,238 3,948 5,400 4,305 3,438 3,267 4,404 4,258 2,507
Book Value per Share		 $8.99 $7.20 $5.90 $6.48 $6.16 $6.90 $5.91 $4.80 $4.16 $3.59
Tangible Book Value per Share		 $8.69 $6.90 $5.43 $6.48 $6.16 $6.90 $5.91 $4.80 $4.16 $3.59
Total Capital		 8,600 7,108 6,962 8,081 7,752 7,955 7,257 5,750 4,515 3,176
Total Debt		 6,440 5,228 5,235 5,931 5,189 4,643 4,284 3,275 2,168 1,079
Total Long-Term Debt		 6,440 5,228 5,235 5,931 5,189 4,354 4,284 3,275 2,168 579
Net Debt		 1,566 928 462 1,386 580 -1,077 1,602 1,639 195 -1,365
Capital Expenditures (CapEx)		 -6,972 -6,245 -7,046 -8,488 -3,876 0.00 -45 -6.99 -9.52 -1,547
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 6,440 5,228 5,235 5,931 5,189 4,643 4,284 3,275 2,168 1,079
Total Depreciation and Amortization (D&A)		 47 109 56 57 68 49 41 32 29 27
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.73 $2.44 $0.00 $3.67 $2.27 $1.31 $1.08 $0.63 $0.54 $0.60
Adjusted Weighted Average Basic Shares Outstanding		 216.22M 231.41M 0.00 314.99M 383.71M 427.29M 435.05M 431.22M 427.88M 425.57M
Adjusted Diluted Earnings per Share		 $2.68 $2.41 $0.00 $3.61 $2.25 $1.30 $1.07 $0.62 $0.53 $0.59
Adjusted Weighted Average Diluted Shares Outstanding		 219.93M 234.06M 0.00 319.91M 387.20M 430.67M 439.68M 438.55M 432.92M 432.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 210.42M 220.35M 0.00 279.39M 363.67M 422.62M 436.80M 433.55M 429.10M 426.32M
Normalized Net Operating Profit after Tax (NOPAT)		 608 581 469 1,161 901 578 487 289 250 278
Normalized NOPAT Margin		 32.90% 32.13% 25.72% 57.29% 49.72% 34.58% 35.81% 25.65% 26.07% 31.37%
Pre Tax Income Margin		 43.19% 43.02% 34.59% 75.98% 63.71% 44.48% 41.09% 43.63% 43.16% 49.61%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.70 0.76 1.16 4.03 2.13 1.05 1.07 1.60 2.23 3.41
NOPAT to Interest Expense		 0.53 0.56 0.86 3.04 1.63 0.82 0.93 0.94 1.35 2.13
EBIT Less CapEx to Interest Expense		 6.83 6.82 14.14 26.25 9.29 1.05 1.16 1.62 2.28 15.44
NOPAT Less CapEx to Interest Expense		 6.66 6.63 13.85 25.25 8.78 0.82 1.02 0.96 1.40 14.16
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 19.31% 20.46% 26.01% 5.62% 6.37% 11.75% 3.21% 5.44% 8.47% 7.14%
Augmented Payout Ratio		 60.07% 80.70% 178.07% 137.52% 69.75% 40.66% 3.21% 5.44% 8.47% 7.14%

Quarterly Metrics And Ratios for SLM

This table displays calculated financial ratios and metrics derived from SLM's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.54% -11.97% -6.10% -3.15% 31.49% 29.99% -12.00% -14.55% 7.51% -34.48% 25.09%
EBITDA Growth		 3.71% -50.99% -189.67% -5.16% 136.01% 452.88% -54.46% -21.54% -6.21% -119.66% 11.89%
EBIT Growth		 4.03% -41.33% -246.68% -5.05% 148.62% 333.37% -61.22% -21.87% -6.21% -123.55% 13.54%
NOPAT Growth		 5.04% -33.77% -241.98% -4.93% 144.63% 349.27% -60.94% -22.51% -7.99% -122.06% 3.20%
Net Income Growth		 5.04% -33.77% -253.76% -4.93% 144.63% 318.64% -60.94% -22.51% -7.99% -125.16% 3.20%
EPS Growth		 10.24% -27.40% -309.09% 0.91% 170.21% 370.37% -62.07% -14.73% 4.44% -122.88% 20.83%
Operating Cash Flow Growth		 -90.39% 116.72% -91.11% -114.52% -963.09% -3,001.83% -1,862.17% -11.19% -85.84% -101.92% -96.03%
Free Cash Flow Firm Growth		 -313.40% -6,312.99% -509.41% -193.90% 44.43% -97.89% 80.78% -30.83% 531.56% 4,795.51% 136.77%
Invested Capital Growth		 20.56% 20.99% 11.70% 9.49% -3.41% 2.10% -2.53% -2.45% -3.37% -13.84% -0.61%
Revenue Q/Q Growth		 48.99% 1.58% -25.30% -8.41% 26.68% 8.35% -22.96% 24.35% 25.23% -26.65% -25.19%
EBITDA Q/Q Growth		 187.28% 398.01% -113.82% -12.34% 35.75% 445.31% -85.38% 118.13% 302.98% -170.38% -74.82%
EBIT Q/Q Growth		 205.01% 321.90% -117.59% -12.63% 72.00% 454.80% -88.61% 128.77% 261.45% -192.18% -77.05%
NOPAT Q/Q Growth		 173.00% 367.56% -116.55% -13.09% 72.12% 473.62% -88.92% 123.65% 275.39% -189.89% -78.02%
Net Income Q/Q Growth		 173.00% 347.06% -117.92% -13.09% 72.12% 473.62% -88.92% 123.65% 253.83% -202.49% -78.02%
EPS Q/Q Growth		 164.15% 330.43% -120.72% -12.60% 73.97% 563.64% -90.00% 134.04% 274.07% -193.10% -77.52%
Operating Cash Flow Q/Q Growth		 -3,317.69% 104.00% 21.13% -87.46% -182.64% 54.27% 11.46% -854.21% 1,115.77% -125.98% 105.59%
Free Cash Flow Firm Q/Q Growth		 16.46% -53.85% -116.62% -176.65% 2,332.18% -89.86% -50.32% 17.90% -64.40% 767.02% -80.99%
Invested Capital Q/Q Growth		 -0.60% 5.26% 6.30% 8.40% -0.25% -2.82% 4.20% -4.37% 5.44% -7.23% 4.29%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 71.32% 36.99% -12.61% 68.14% 71.20% 66.44% 13.20% 69.59% 39.67% -24.47% 25.51%
EBIT Margin		 69.38% 33.89% -15.51% 65.87% 69.05% 50.85% 9.93% 67.19% 36.52% -28.33% 22.54%
Profit (Net Income) Margin		 52.42% 28.61% -11.76% 49.03% 51.67% 38.02% 7.18% 49.95% 27.77% -22.61% 16.18%
Tax Burden Percent		 75.55% 84.40% 75.81% 74.43% 74.82% 74.77% 72.32% 74.34% 76.04% 79.81% 71.78%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.45% 15.60% 0.00% 25.57% 25.18% 25.23% 27.68% 25.66% 23.96% 0.00% 28.22%
Return on Invested Capital (ROIC)		 12.53% 6.73% -2.67% 12.85% 13.92% 9.78% 1.65% 12.39% 6.89% -4.81% 4.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.53% 6.73% -2.73% 12.85% 13.92% 9.78% 1.65% 12.39% 6.89% -4.98% 4.30%
Return on Net Nonoperating Assets (RNNOA)		 30.87% 19.45% -8.01% 33.36% 37.05% 28.36% 4.83% 34.16% 19.70% -14.33% 11.45%
Return on Equity (ROE)		 43.40% 26.18% -10.68% 46.20% 50.97% 38.14% 6.48% 46.55% 26.59% -19.14% 15.75%
Cash Return on Invested Capital (CROIC)		 -10.68% -11.25% -2.46% 1.00% 13.90% 6.19% 7.09% 7.85% 9.56% 21.11% 11.93%
Operating Return on Assets (OROA)		 4.54% 2.12% -1.00% 4.49% 4.65% 3.17% 0.58% 4.29% 2.31% -1.78% 1.56%
Return on Assets (ROA)		 3.43% 1.79% -0.75% 3.35% 3.48% 2.37% 0.42% 3.19% 1.76% -1.42% 1.12%
Return on Common Equity (ROCE)		 38.57% 22.93% -10.00% 40.53% 44.47% 32.83% 5.62% 40.37% 23.14% -16.66% 13.83%
Return on Equity Simple (ROE_SIMPLE)		 25.95% 0.00% 31.18% 36.40% 35.61% 0.00% 18.67% 24.54% 25.11% 0.00% 49.23%
Net Operating Profit after Tax (NOPAT)		 305 112 -42 252 290 168 29 265 119 -68 75
NOPAT Margin		 52.42% 28.61% -10.86% 49.03% 51.67% 38.02% 7.18% 49.95% 27.77% -19.83% 16.18%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.17% 0.00%
SG&A Expenses to Revenue		 15.63% 20.54% 22.81% 16.59% 17.19% 17.40% 20.44% 14.74% 20.54% 19.77% 13.99%
Operating Expenses to Revenue		 26.61% 38.37% 44.81% 30.86% 28.81% 45.62% 41.64% 29.47% 36.74% 41.10% 32.78%
Earnings before Interest and Taxes (EBIT)		 403 132 -60 339 387 225 41 357 156 -97 105
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 414 144 -48 350 400 294 54 369 169 -83 119
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.87 3.07 2.33 2.25 2.63 2.60 1.94 2.48 1.83 2.67 1.94
Price to Tangible Book Value (P/TBV)		 2.96 3.17 2.40 2.33 2.73 2.71 2.12 2.67 1.98 2.91 2.08
Price to Revenue (P/Rev)		 3.31 3.17 2.61 2.38 2.52 2.34 1.76 2.19 1.56 2.17 1.68
Price to Earnings (P/E)		 10.21 9.93 7.69 6.35 6.68 7.52 9.42 10.49 6.47 8.58 3.97
Dividend Yield		 1.63% 1.67% 1.92% 2.12% 2.03% 2.35% 3.31% 2.77% 3.67% 2.79% 3.30%
Earnings Yield		 9.79% 10.08% 13.00% 15.75% 14.98% 13.30% 10.62% 9.53% 15.45% 11.65% 25.20%
Enterprise Value to Invested Capital (EV/IC)		 1.04 0.89 0.78 0.63 0.90 0.76 0.69 0.75 0.65 0.67 0.55
Enterprise Value to Revenue (EV/Rev)		 4.75 4.15 3.34 2.51 3.29 2.99 2.96 3.00 2.57 2.56 2.05
Enterprise Value to EBITDA (EV/EBITDA)		 10.32 9.07 6.38 4.40 5.73 6.11 9.92 9.22 7.05 6.79 3.44
Enterprise Value to EBIT (EV/EBIT)		 10.91 9.61 7.12 4.87 6.34 6.96 11.07 10.17 7.67 7.39 3.61
Enterprise Value to NOPAT (EV/NOPAT)		 14.26 12.61 9.54 6.53 8.50 9.32 15.04 13.86 10.37 9.94 4.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 933.73 79.74
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 65.66 6.38 12.45 9.61 9.49 6.66 2.94 4.57
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.56 2.98 2.83 2.37 2.35 2.78 3.07 2.89 3.02 3.03 2.79
Long-Term Debt to Equity		 2.56 2.98 2.83 2.37 2.35 2.78 3.07 2.89 3.02 3.03 2.79
Financial Leverage		 2.46 2.89 2.94 2.60 2.66 2.90 2.92 2.76 2.86 2.88 2.66
Leverage Ratio		 12.66 14.66 15.07 13.81 14.65 16.07 15.45 14.59 15.11 14.97 14.08
Compound Leverage Factor		 12.66 14.66 15.07 13.81 14.65 16.07 15.45 14.59 15.11 14.97 14.08
Debt to Total Capital		 71.91% 74.89% 73.88% 70.29% 70.19% 73.54% 75.40% 74.27% 75.11% 75.19% 73.59%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 71.91% 74.89% 73.88% 70.29% 70.19% 73.54% 75.40% 74.27% 75.11% 75.19% 73.59%
Preferred Equity to Total Capital		 2.94% 2.92% 0.00% 0.00% 3.54% 3.53% 3.43% 0.00% 3.42% 3.61% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 3.27% 0.00% 0.00% 0.00% 3.58% 0.00% 0.00% 3.35%
Common Equity to Total Capital		 25.15% 22.20% 26.12% 26.44% 26.27% 22.93% 21.16% 22.16% 21.47% 21.20% 23.07%
Debt to EBITDA		 7.14 7.62 6.06 4.92 4.46 5.89 10.83 9.09 8.17 7.63 4.63
Net Debt to EBITDA		 2.85 1.85 1.38 0.00 1.11 1.05 3.52 2.07 2.39 0.67 0.42
Long-Term Debt to EBITDA		 7.14 7.62 6.06 4.92 4.46 5.89 10.83 9.09 8.17 7.63 4.63
Debt to NOPAT		 9.87 10.59 9.07 7.30 6.61 8.99 16.42 13.66 12.02 11.16 6.48
Net Debt to NOPAT		 3.94 2.57 2.07 0.00 1.65 1.60 5.34 3.11 3.52 0.99 0.58
Long-Term Debt to NOPAT		 9.87 10.59 9.07 7.30 6.61 8.99 16.42 13.66 12.02 11.16 6.48
Noncontrolling Interest Sharing Ratio		 11.12% 12.43% 6.38% 12.28% 12.74% 13.92% 13.28% 13.27% 12.97% 12.95% 12.21%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,153 -1,380 -897 -414 540 22 219 441 374 1,051 121
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -4.10 -4.61 -3.06 -1.54 1.95 0.08 0.82 1.78 1.61 5.20 0.81
Operating Cash Flow to Interest Expense		 -0.52 0.02 -0.39 -0.53 -0.28 -0.10 -0.22 -0.27 0.04 0.00 0.02
Operating Cash Flow Less CapEx to Interest Expense		 10.09 3.99 1.80 7.79 10.21 6.09 2.52 11.25 3.96 3.71 13.02
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.07 0.06 0.06 0.07 0.07 0.06 0.06 0.06 0.06 0.06 0.07
Fixed Asset Turnover		 15.27 14.86 14.88 14.75 14.65 13.39 12.34 12.52 12.96 12.52 13.47
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,548 8,600 8,170 7,686 7,091 7,108 7,315 7,020 7,341 6,962 7,505
Invested Capital Turnover		 0.24 0.24 0.25 0.26 0.27 0.26 0.23 0.25 0.25 0.24 0.27
Increase / (Decrease) in Invested Capital		 1,458 1,492 856 666 -250 146 -190 -176 -256 -1,119 -46
Enterprise Value (EV)		 8,884 7,673 6,349 4,829 6,401 5,417 5,052 5,292 4,759 4,661 4,104
Market Capitalization		 6,180 5,856 4,973 4,580 4,905 4,238 3,009 3,853 2,892 3,948 3,355
Book Value per Share		 $10.22 $8.99 $9.81 $9.23 $8.45 $7.20 $6.85 $6.42 $6.53 $5.90 $6.89
Tangible Book Value per Share		 $9.92 $8.69 $9.51 $8.93 $8.14 $6.90 $6.28 $5.95 $6.05 $5.43 $6.41
Total Capital		 8,548 8,600 8,170 7,686 7,091 7,108 7,315 7,020 7,341 6,962 7,505
Total Debt		 6,147 6,440 6,037 5,403 4,977 5,228 5,516 5,214 5,514 5,235 5,522
Total Long-Term Debt		 6,147 6,440 6,037 5,403 4,977 5,228 5,516 5,214 5,514 5,235 5,522
Net Debt		 2,452 1,566 1,376 -1.67 1,245 928 1,792 1,187 1,616 462 498
Capital Expenditures (CapEx)		 -2,983 -1,189 -641 -2,242 -2,901 -1,749 -733 -2,850 -913 -752 -1,954
Net Nonoperating Expense (NNE)		 0.00 0.00 3.46 0.00 0.00 0.00 0.00 0.00 0.00 9.47 0.00
Net Nonoperating Obligations (NNO)		 6,147 6,440 6,037 5,403 4,977 5,228 5,516 5,214 5,514 5,235 5,522
Total Depreciation and Amortization (D&A)		 11 12 11 12 12 69 13 13 13 13 14
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.43 $0.54 ($0.23) $1.13 $1.29 $0.75 $0.11 $1.11 $0.47 ($0.27) $0.29
Adjusted Weighted Average Basic Shares Outstanding		 210.68M 216.22M 214.87M 218.92M 220.42M 231.41M 226.12M 235.06M 241.50M 258.44M 251.27M
Adjusted Diluted Earnings per Share		 $1.40 $0.53 ($0.23) $1.11 $1.27 $0.73 $0.11 $1.10 $0.47 ($0.27) $0.29
Adjusted Weighted Average Diluted Shares Outstanding		 214.99M 219.93M 214.87M 222.47M 223.85M 234.06M 228.80M 237.59M 243.55M 261.50M 253.72M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 210.74M 210.42M 212.33M 217.46M 220.28M 220.35M 226.27M 226.08M 242.25M 241.19M 250.20M
Normalized Net Operating Profit after Tax (NOPAT)		 305 112 -42 252 290 168 29 265 119 -68 75
Normalized NOPAT Margin		 52.42% 28.61% -10.86% 49.03% 51.67% 38.02% 7.18% 49.95% 27.77% -19.83% 16.18%
Pre Tax Income Margin		 69.38% 33.89% -15.51% 65.87% 69.05% 50.85% 9.93% 67.19% 36.52% -28.33% 22.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.43 0.44 -0.20 1.26 1.40 0.80 0.15 1.44 0.67 -0.48 0.70
NOPAT to Interest Expense		 1.08 0.37 -0.14 0.94 1.05 0.60 0.11 1.07 0.51 -0.33 0.50
EBIT Less CapEx to Interest Expense		 12.05 4.42 1.98 9.58 11.89 6.99 2.89 12.97 4.60 3.24 13.69
NOPAT Less CapEx to Interest Expense		 11.69 4.35 2.04 9.26 11.54 6.78 2.85 12.60 4.43 3.38 13.49
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.26% 19.31% 17.27% 15.72% 15.56% 20.46% 35.73% 31.61% 26.36% 26.01% 14.59%
Augmented Payout Ratio		 59.74% 60.07% 61.14% 39.70% 64.94% 80.70% 159.84% 143.48% 145.80% 178.07% 109.57%

Frequently Asked Questions About SLM's Financials

When does SLM's fiscal year end?

According to the most recent income statement we have on file, SLM's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has SLM's net income changed over the last 9 years?

SLM's net income appears to be on an upward trend, with a most recent value of $608.33 million in 2024, rising from $274.28 million in 2015. The previous period was $581.39 million in 2023. See SLM's forecast for analyst expectations on what’s next for the company.

How has SLM revenue changed over the last 9 years?

Over the last 9 years, SLM's total revenue changed from $885.09 million in 2015 to $1.85 billion in 2024, a change of 108.9%.

How much debt does SLM have?

SLM's total liabilities were at $27.91 billion at the end of 2024, a 2.3% increase from 2023, and a 112.8% increase since 2015.

How much cash does SLM have?

In the past 9 years, SLM's cash and equivalents has ranged from $1.53 billion in 2017 to $5.56 billion in 2019, and is currently $4.70 billion as of their latest financial filing in 2024.

How has SLM's book value per share changed over the last 9 years?

Over the last 9 years, SLM's book value per share changed from 3.59 in 2015 to 8.99 in 2024, a change of 150.2%.


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This page (NASDAQ:SLM) was last updated on 5/31/2025 by MarketBeat.com Staff
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