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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and Barnes & Noble Education, Inc. (BNED). Click either name above to swap in a different company.
Barnes & Noble Education, Inc. is the larger business by last-quarter revenue ($598.2M vs $437.6M, roughly 1.4× Alliance Laundry Holdings Inc.). Alliance Laundry Holdings Inc. runs the higher net margin — 7.5% vs 4.2%, a 3.3% gap on every dollar of revenue. On growth, Alliance Laundry Holdings Inc. posted the faster year-over-year revenue change (13.9% vs 6.9%). Alliance Laundry Holdings Inc. produced more free cash flow last quarter ($87.0M vs $61.9M).
Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
ALH vs BNED — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $437.6M | $598.2M |
| Net Profit | $32.9M | $25.0M |
| Gross Margin | 37.0% | 21.7% |
| Operating Margin | 19.5% | 6.8% |
| Net Margin | 7.5% | 4.2% |
| Revenue YoY | 13.9% | 6.9% |
| Net Profit YoY | 620.3% | -49.7% |
| EPS (diluted) | $0.19 | $0.72 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $598.2M | ||
| Q3 25 | $437.6M | $274.2M | ||
| Q2 25 | — | $233.0M | ||
| Q1 25 | — | $419.7M | ||
| Q4 24 | — | $559.7M | ||
| Q3 24 | $384.3M | $250.9M | ||
| Q2 24 | — | $192.7M | ||
| Q1 24 | — | $415.4M |
| Q4 25 | — | $25.0M | ||
| Q3 25 | $32.9M | $-18.3M | ||
| Q2 25 | — | $-23.0M | ||
| Q1 25 | — | $17.9M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | $-6.3M | $-103.9M | ||
| Q2 24 | — | $-41.9M | ||
| Q1 24 | — | $-9.3M |
| Q4 25 | — | 21.7% | ||
| Q3 25 | 37.0% | 20.2% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | 37.2% | 17.9% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 24.2% |
| Q4 25 | — | 6.8% | ||
| Q3 25 | 19.5% | -8.4% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 18.7% | -15.4% | ||
| Q2 24 | — | -16.3% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 7.5% | -6.7% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | -1.6% | -41.4% | ||
| Q2 24 | — | -21.7% | ||
| Q1 24 | — | -2.2% |
| Q4 25 | — | $0.72 | ||
| Q3 25 | $0.19 | $-0.54 | ||
| Q2 25 | — | $2.97 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | $-0.04 | $-7.69 | ||
| Q2 24 | — | $-15.68 | ||
| Q1 24 | — | $-3.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $136.2M | $11.7M |
| Total DebtLower is stronger | — | $122.5M |
| Stockholders' EquityBook value | $-136.4M | $283.2M |
| Total Assets | $2.9B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $11.7M | ||
| Q3 25 | $136.2M | $7.3M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | — | $11.6M | ||
| Q3 24 | $128.4M | $8.2M | ||
| Q2 24 | — | $10.5M | ||
| Q1 24 | — | $8.1M |
| Q4 25 | — | $122.5M | ||
| Q3 25 | — | $170.0M | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | $141.2M | ||
| Q4 24 | — | $177.6M | ||
| Q3 24 | — | $221.9M | ||
| Q2 24 | — | $196.3M | ||
| Q1 24 | — | $30.2M |
| Q4 25 | — | $283.2M | ||
| Q3 25 | $-136.4M | $256.5M | ||
| Q2 25 | — | $272.2M | ||
| Q1 25 | — | $292.9M | ||
| Q4 24 | — | $211.4M | ||
| Q3 24 | $-284.6M | $149.8M | ||
| Q2 24 | — | $80.4M | ||
| Q1 24 | — | $121.5M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $2.9B | $950.8M | ||
| Q2 25 | — | $790.3M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $973.2M | ||
| Q2 24 | — | $909.9M | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 2.44× | ||
| Q1 24 | — | 0.25× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $116.8M | $66.2M |
| Free Cash FlowOCF − Capex | $87.0M | $61.9M |
| FCF MarginFCF / Revenue | 19.9% | 10.4% |
| Capex IntensityCapex / Revenue | 6.8% | 0.7% |
| Cash ConversionOCF / Net Profit | 3.55× | 2.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.2M | ||
| Q3 25 | $116.8M | $-67.6M | ||
| Q2 25 | — | $52.6M | ||
| Q1 25 | — | $-41.9M | ||
| Q4 24 | — | $47.4M | ||
| Q3 24 | — | $-143.5M | ||
| Q2 24 | — | $81.7M | ||
| Q1 24 | — | $-35.8M |
| Q4 25 | — | $61.9M | ||
| Q3 25 | $87.0M | $-71.3M | ||
| Q2 25 | — | $49.5M | ||
| Q1 25 | — | $-44.7M | ||
| Q4 24 | — | $44.4M | ||
| Q3 24 | — | $-147.5M | ||
| Q2 24 | — | $79.1M | ||
| Q1 24 | — | $-39.0M |
| Q4 25 | — | 10.4% | ||
| Q3 25 | 19.9% | -26.0% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | -10.7% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | -58.8% | ||
| Q2 24 | — | 41.1% | ||
| Q1 24 | — | -9.4% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | 6.8% | 1.4% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | — | 2.65× | ||
| Q3 25 | 3.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -2.34× | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALH
| Equipment Product Or Service | $275.7M | 63% |
| Other | $106.8M | 24% |
| Service Parts | $33.1M | 8% |
| Equipment Financing | $12.6M | 3% |
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
