SLM (SLM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

SLM

NasdaqGS•Financial Services•Credit Services

$25.28-0.87(-0.03%)Pre-market

Market Cap

$4.73B

P/E

6.4x

P/S

1.5x

P/B

1.9x

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

How this company scores

WeakMetricSide Score: 57/100

Grade capped at D — Interest coverage below 1× (0.3x) — earnings cannot cover interest. Strongest: Profitability (22/25); weakest: Cash & Earnings Quality (3/25).

Profitability22/25

Growth21/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality3/25

Strengths

Strong marginsHigh ROERising earningsProfit converts from growth

Grade capped at D

Interest coverage below 1× (0.3x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 6.4x5y range 4.1x – 15.5x

Currently near its 20-quarter median.

P/S · 1.5x5y range 1.2x – 2.4x

Currently near its 20-quarter median.

P/B · 1.9x5y range 1.6x – 2.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $4.73B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.07B
Q. Revenue: $670.34M
TTM EBITDA: $1.00B
TTM Op. Income: $982.62M
Q. Op. Income: $80.46M
TTM Net Income: $735.51M
Q. Net Income: $58.52M
EPS: $0.29
Shares Out.: $188.58M

$3.07B in TTM revenue grew 5.4% YoY, reaching $670.34M last quarter. TTM EBITDA of $1.00B and TTM operating income of $982.62M show growth is flowing through to the bottom line. TTM net income of $735.51M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 12.1%
Op. Margin: 12.0%
Net Margin: 8.7%

Op. margin of 12.0% is down 0.8% YoY — costs are rising relative to revenue. Net margin at 8.7% Over the past year, operating margin is down 6% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 6.4x
P/S Ratio: 1.5x
P/B Ratio: 1.9x

At 6.4x P/E, the stock trades below typical market levels. P/S of 1.5x and P/B of 1.9x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 59% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $28.58B
Cash: $4.59B
Long-Term Debt: $5.84B
Book Value: $2.47B
D/E Ratio: 2.4
Debt/EBITDA: 72.0

With $28.58B in assets and $5.84B in long-term debt, D/E is 2.4and book value is $2.47B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-134.83M
TTM Free Cash Flow: $-324.60M
FCF Margin: -10.6%
FCF / Net Income: -0.4

TTM FCF of $-324.60M on $-134.83M in operating cash flow. The FCF / Net Income ratio of -0.4x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.