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Side-by-side financial comparison of Amazon (AMZN) and Barnes & Noble Education, Inc. (BNED). Click either name above to swap in a different company.
Amazon is the larger business by last-quarter revenue ($213.4B vs $598.2M, roughly 356.7× Barnes & Noble Education, Inc.). Amazon runs the higher net margin — 9.9% vs 4.2%, a 5.8% gap on every dollar of revenue. On growth, Amazon posted the faster year-over-year revenue change (13.6% vs 6.9%). Amazon produced more free cash flow last quarter ($14.9B vs $61.9M). Over the past eight quarters, Amazon's revenue compounded faster (22.0% CAGR vs 20.0%).
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Its products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire ...
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.
AMZN vs BNED — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $213.4B | $598.2M |
| Net Profit | $21.2B | $25.0M |
| Gross Margin | 48.5% | 21.7% |
| Operating Margin | 11.7% | 6.8% |
| Net Margin | 9.9% | 4.2% |
| Revenue YoY | 13.6% | 6.9% |
| Net Profit YoY | 5.9% | -49.7% |
| EPS (diluted) | $1.95 | $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 | $213.4B | $598.2M | ||
| Q3 25 | $180.2B | $274.2M | ||
| Q2 25 | $167.7B | $233.0M | ||
| Q1 25 | $155.7B | $419.7M | ||
| Q4 24 | $187.8B | $559.7M | ||
| Q3 24 | $158.9B | $250.9M | ||
| Q2 24 | $148.0B | $192.7M | ||
| Q1 24 | $143.3B | $415.4M |
| Q4 25 | $21.2B | $25.0M | ||
| Q3 25 | $21.2B | $-18.3M | ||
| Q2 25 | $18.2B | $-23.0M | ||
| Q1 25 | $17.1B | $17.9M | ||
| Q4 24 | $20.0B | $43.2M | ||
| Q3 24 | $15.3B | $-103.9M | ||
| Q2 24 | $13.5B | $-41.9M | ||
| Q1 24 | $10.4B | $-9.3M |
| Q4 25 | 48.5% | 21.7% | ||
| Q3 25 | 50.8% | 20.2% | ||
| Q2 25 | 51.8% | 30.3% | ||
| Q1 25 | 50.6% | 22.3% | ||
| Q4 24 | 47.3% | 23.0% | ||
| Q3 24 | 49.0% | 17.9% | ||
| Q2 24 | 50.1% | 28.7% | ||
| Q1 24 | 49.3% | 24.2% |
| Q4 25 | 11.7% | 6.8% | ||
| Q3 25 | 9.7% | -8.4% | ||
| Q2 25 | 11.4% | -4.9% | ||
| Q1 25 | 11.8% | 4.5% | ||
| Q4 24 | 11.3% | 8.4% | ||
| Q3 24 | 11.0% | -15.4% | ||
| Q2 24 | 9.9% | -16.3% | ||
| Q1 24 | 10.7% | 0.4% |
| Q4 25 | 9.9% | 4.2% | ||
| Q3 25 | 11.8% | -6.7% | ||
| Q2 25 | 10.8% | -9.9% | ||
| Q1 25 | 11.0% | 4.3% | ||
| Q4 24 | 10.7% | 7.7% | ||
| Q3 24 | 9.6% | -41.4% | ||
| Q2 24 | 9.1% | -21.7% | ||
| Q1 24 | 7.3% | -2.2% |
| Q4 25 | $1.95 | $0.72 | ||
| Q3 25 | $1.95 | $-0.54 | ||
| Q2 25 | $1.68 | $2.97 | ||
| Q1 25 | $1.59 | $0.59 | ||
| Q4 24 | $1.86 | $1.63 | ||
| Q3 24 | $1.43 | $-7.69 | ||
| Q2 24 | $1.26 | $-15.68 | ||
| Q1 24 | $0.98 | $-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 | $123.0B | $11.7M |
| Total DebtLower is stronger | $68.8B | $122.5M |
| Stockholders' EquityBook value | $411.1B | $283.2M |
| Total Assets | $818.0B | $1.1B |
| Debt / EquityLower = less leverage | 0.17× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.0B | $11.7M | ||
| Q3 25 | $94.2B | $7.3M | ||
| Q2 25 | $93.2B | $9.1M | ||
| Q1 25 | $94.6B | $9.2M | ||
| Q4 24 | $101.2B | $11.6M | ||
| Q3 24 | $88.1B | $8.2M | ||
| Q2 24 | $89.1B | $10.5M | ||
| Q1 24 | $85.1B | $8.1M |
| Q4 25 | $68.8B | $122.5M | ||
| Q3 25 | $55.1B | $170.0M | ||
| Q2 25 | $56.1B | $103.1M | ||
| Q1 25 | $58.8B | $141.2M | ||
| Q4 24 | $58.0B | $177.6M | ||
| Q3 24 | $60.5B | $221.9M | ||
| Q2 24 | $62.7B | $196.3M | ||
| Q1 24 | $66.9B | $30.2M |
| Q4 25 | $411.1B | $283.2M | ||
| Q3 25 | $369.6B | $256.5M | ||
| Q2 25 | $333.8B | $272.2M | ||
| Q1 25 | $305.9B | $292.9M | ||
| Q4 24 | $286.0B | $211.4M | ||
| Q3 24 | $259.2B | $149.8M | ||
| Q2 24 | $236.4B | $80.4M | ||
| Q1 24 | $216.7B | $121.5M |
| Q4 25 | $818.0B | $1.1B | ||
| Q3 25 | $727.9B | $950.8M | ||
| Q2 25 | $682.2B | $790.3M | ||
| Q1 25 | $643.3B | $1.1B | ||
| Q4 24 | $624.9B | $1.0B | ||
| Q3 24 | $584.6B | $973.2M | ||
| Q2 24 | $554.8B | $909.9M | ||
| Q1 24 | $531.0B | $1.2B |
| Q4 25 | 0.17× | 0.43× | ||
| Q3 25 | 0.15× | 0.66× | ||
| Q2 25 | 0.17× | 0.38× | ||
| Q1 25 | 0.19× | 0.48× | ||
| Q4 24 | 0.20× | 0.84× | ||
| Q3 24 | 0.23× | 1.48× | ||
| Q2 24 | 0.27× | 2.44× | ||
| Q1 24 | 0.31× | 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 | $54.5B | $66.2M |
| Free Cash FlowOCF − Capex | $14.9B | $61.9M |
| FCF MarginFCF / Revenue | 7.0% | 10.4% |
| Capex IntensityCapex / Revenue | 18.5% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.57× | 2.65× |
| TTM Free Cash FlowTrailing 4 quarters | $7.7B | $-4.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.5B | $66.2M | ||
| Q3 25 | $35.5B | $-67.6M | ||
| Q2 25 | $32.5B | $52.6M | ||
| Q1 25 | $17.0B | $-41.9M | ||
| Q4 24 | $45.6B | $47.4M | ||
| Q3 24 | $26.0B | $-143.5M | ||
| Q2 24 | $25.3B | $81.7M | ||
| Q1 24 | $19.0B | $-35.8M |
| Q4 25 | $14.9B | $61.9M | ||
| Q3 25 | $430.0M | $-71.3M | ||
| Q2 25 | $332.0M | $49.5M | ||
| Q1 25 | $-8.0B | $-44.7M | ||
| Q4 24 | $17.8B | $44.4M | ||
| Q3 24 | $3.4B | $-147.5M | ||
| Q2 24 | $7.7B | $79.1M | ||
| Q1 24 | $4.1B | $-39.0M |
| Q4 25 | 7.0% | 10.4% | ||
| Q3 25 | 0.2% | -26.0% | ||
| Q2 25 | 0.2% | 21.3% | ||
| Q1 25 | -5.1% | -10.7% | ||
| Q4 24 | 9.5% | 7.9% | ||
| Q3 24 | 2.1% | -58.8% | ||
| Q2 24 | 5.2% | 41.1% | ||
| Q1 24 | 2.8% | -9.4% |
| Q4 25 | 18.5% | 0.7% | ||
| Q3 25 | 19.5% | 1.4% | ||
| Q2 25 | 19.2% | 1.3% | ||
| Q1 25 | 16.1% | 0.7% | ||
| Q4 24 | 14.8% | 0.5% | ||
| Q3 24 | 14.2% | 1.6% | ||
| Q2 24 | 11.9% | 1.4% | ||
| Q1 24 | 10.4% | 0.8% |
| Q4 25 | 2.57× | 2.65× | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | -2.34× | ||
| Q4 24 | 2.28× | 1.10× | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.82× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMZN
| Products | $90.0B | 42% |
| Third Party Seller Services | $52.8B | 25% |
| Other | $49.9B | 23% |
| Subscription Services | $13.1B | 6% |
| Physical Stores | $5.9B | 3% |
| Other Services | $1.7B | 1% |
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
