{ "ok": true, "cik": "1593538", "ticker": "NAVI", "name": "Navient Corporation", "filings": [ { "form": "8-K", "filed": "2026-09-25", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1593538/000114036126037626/0001140361-26-037626-index.htm" }, { "form": "10-Q", "filed": "2026-08-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1593538/000119312526340245/0001193125-26-340245-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1593538/000119312526338039/0001193125-26-338039-index.htm" }, { "form": "8-K", "filed": "2026-07-02", "items": [ "1.05 Material Cybersecurity Incidents" ], "url": "https://www.sec.gov/Archives/edgar/data/1593538/000114036126027441/0001140361-26-027441-index.htm" }, { "form": "8-K", "filed": "2026-06-05", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1593538/000114036126024115/0001140361-26-024115-index.htm" }, { "form": "8-K", "filed": "2026-05-29", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1593538/000119312526248512/0001193125-26-248512-index.htm" } ], "events12m": 11, "healthWatch": { "window": "last 12 months", "since": "2025-09-28", "signals": [ { "code": "1.05", "label": "Cybersecurity incident", "count": 1, "latest": { "filed": "2026-07-02", "url": "https://www.sec.gov/Archives/edgar/data/1593538/000114036126027441/0001140361-26-027441-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/1593538/000114036126037626/0001140361-26-037626-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001593538.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1593538" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Navient Corporation ($NAVI). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-25. 11 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2024-12-31", "revenue": 271000000, "revenueGrowth1y": -0.15576323987538943, "revenueGrowthPerYear": -0.08581436800409159, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.4833948339483395, "operatingCashFlow": 459000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 722000000, "longTermDebt": 43184000000, "longTermDebtChange": -0.19134114827160031, "revenueHistory": [ { "fiscalYearEnd": "2020-12-31", "revenue": 388000000 }, { "fiscalYearEnd": "2021-12-31", "revenue": 507000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 332000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 321000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 271000000 } ], "totalEquity": 2641000000, "totalAssets": 51789000000, "equityRatio": 0.05099538512039236, "returnOnEquity": 0.049602423324498296, "dividendsPaid": 70000000, "payoutRatio": 0.5343511450381679, "dividendPerShare": 0.64, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 1.2, "sharesOutstanding": 111000000, "bookValuePerShare": 23.792792792792792, "revenuePerShare": 2.4414414414414414, "range80": { "low": 166718009.28619725, "high": 291548478.1706686, "baseline": 224360412.98228872, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.21845752065020296, "classVolatility": 0.1022985825903761, "volatility": 0.17057064273876946 }, "ifPaceHeld": { "low": 166718009.28619725, "high": 291548478.1706686 } }, "edgarette": "🔖 Exposure: revenue $271.0M (FY2024), total debt $43.2B. Experience: revenue down 15.6% on the year, down 8.6% a year over 4 years. Soundness: equity 5.1% of assets, return on equity 5.0%, payout 53.4% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $166.7M and $291.5M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $144.7M to $337.7M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, security brokers, dealers & flotation companies): growth -15.6% against 18.7%.", "peers": { "sic": 6211, "sicDescription": "Security Brokers, Dealers & Flotation Companies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6211", "growth": [ 0.1867, 21 ], "opMargin": [ 0.2443, 10 ], "equityRatio": [ 0.157, 18 ], "returnOnEquity": [ 0.1508, 15 ] }, "summary": "Navient (NAVI) saw revenue fall 15.6% in FY2024 to $271 million, equity 5.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Navient Corporation against its own record and its peers
Revenue, on the yearPeer median 18.7%-15.6%Equity of assetsPeer median 15.7%5.1%Return on equityPeer median 15.1%5.0%Payout of profit53.4%Gold tick: the median of 15–18 peers with $50M+ revenue in security brokers, dealers & flotation companies
", "chartHorizon": "
Handed back now, or kept to compound · of each dollar of profit
53.4% paid out46.6% keptHanded back per share$0.64Growth its own profit can fund2.3%managed -15.6% last year

Gold paid out, navy kept. Kept share Ă— return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Navient (NAVI) saw revenue fall 15.6% in FY2024 to $271 million, equity 5.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2024-12-31", "revenue": 271000000, "totalDebt": 43184000000, "cash": 722000000 }, "experience": { "revenueGrowth1y": -0.15576323987538943, "revenueGrowthPerYear": -0.08581436800409159, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.4833948339483395, "freeCashFlow": null }, "soundness": { "equityRatio": 0.05099538512039236, "returnOnEquity": 0.049602423324498296, "payoutRatio": 0.5343511450381679, "dividendPerShare": 0.64, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6211, "sicDescription": "Security Brokers, Dealers & Flotation Companies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6211", "growth": [ 0.1867, 21 ], "opMargin": [ 0.2443, 10 ], "equityRatio": [ 0.157, 18 ], "returnOnEquity": [ 0.1508, 15 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-28", "signals": [ { "code": "1.05", "label": "Cybersecurity incident", "count": 1, "latest": { "filed": "2026-07-02", "url": "https://www.sec.gov/Archives/edgar/data/1593538/000114036126027441/0001140361-26-027441-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/1593538/000114036126037626/0001140361-26-037626-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 166718009.28619725, "high": 291548478.1706686, "baseline": 224360412.98228872, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.21845752065020296, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.17057064273876946, "k": 3 }, "stress": { "low": 144735842.79681095, "high": 337740747.86901075, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": null, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001593538.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1593538" }, "speedCash": { "fiscalYear": 2024, "cashConversion": 1.6937, "growth3y": -0.1884, "volatility": 0.1978, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.051, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 169.4% of revenue into operating cash; revenue shrinking 18.8% a year over three years; pays a dividend.", "outside": "Among $100M-1B companies: 99th percentile for cash, 4th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$100M-1B", "cashPctInClass": 99, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed cybersecurity incident in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±27%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2024-12-31", "operating": 459000000, "investing": 8466000000, "financing": -9615000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2020-12-31", "operating": 987000000, "free": null }, { "fiscalYearEnd": "2021-12-31", "operating": 702000000, "free": null }, { "fiscalYearEnd": "2022-12-31", "operating": 305000000, "free": null }, { "fiscalYearEnd": "2023-12-31", "operating": 676000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 459000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2024-12-31", "cash": 722000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 51789000000, "ladder": null, "currentRatio": null, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2024, "cashConversion": 1.6937, "growth3y": -0.1884, "volatility": 0.1978, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.051, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 169.4% of revenue into operating cash; revenue shrinking 18.8% a year over three years; pays a dividend.", "outside": "Among $100M-1B companies: 99th percentile for cash, 4th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$100M-1B", "cashPctInClass": 99, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed cybersecurity incident in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±27%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2024-12-31", "operating": 459000000, "investing": 8466000000, "financing": -9615000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2020-12-31", "operating": 987000000, "free": null }, { "fiscalYearEnd": "2021-12-31", "operating": 702000000, "free": null }, { "fiscalYearEnd": "2022-12-31", "operating": 305000000, "free": null }, { "fiscalYearEnd": "2023-12-31", "operating": 676000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 459000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2024-12-31", "cash": 722000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 51789000000, "ladder": null, "currentRatio": null, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }