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Side-by-side financial comparison of Bally's Corp (BALY) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $746.2M, roughly 1.0× Bally's Corp). Noble Corp plc runs the higher net margin — 11.3% vs -47.3%, a 58.7% gap on every dollar of revenue. On growth, Bally's Corp posted the faster year-over-year revenue change (28.6% vs -17.6%). Over the past eight quarters, Bally's Corp's revenue compounded faster (9.8% CAGR vs 9.5%).
Bally's Corporation is an American gambling, betting, and interactive entertainment company headquartered in Providence, Rhode Island. In the US it operates 19 casinos across 11 states, a horse track in Colorado, a golf course in New York, and online sports betting operations in 14 states. In Australia, it operates two properties across two states through its Star Entertainment Group subsidiary.
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.
BALY vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $746.2M | $764.4M |
| Net Profit | $-353.2M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | -36.8% | 5.6% |
| Net Margin | -47.3% | 11.3% |
| Revenue YoY | 28.6% | -17.6% |
| Net Profit YoY | -311.8% | -10.4% |
| EPS (diluted) | $-5.84 | $0.54 |
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 | $746.2M | $764.4M | ||
| Q3 25 | $663.7M | $798.0M | ||
| Q2 25 | $657.5M | $848.7M | ||
| Q1 25 | $368.7M | $874.5M | ||
| Q4 24 | $580.4M | $927.3M | ||
| Q3 24 | $630.0M | $800.5M | ||
| Q2 24 | $621.7M | $692.8M | ||
| Q1 24 | $618.5M | $637.1M |
| Q4 25 | $-353.2M | $86.6M | ||
| Q3 25 | $-102.9M | $-21.1M | ||
| Q2 25 | $-228.4M | $42.9M | ||
| Q1 25 | $34.5M | $108.3M | ||
| Q4 24 | $-85.8M | $96.6M | ||
| Q3 24 | $-247.9M | $61.2M | ||
| Q2 24 | $-60.2M | $195.0M | ||
| Q1 24 | $-173.9M | $95.5M |
| Q4 25 | -36.8% | 5.6% | ||
| Q3 25 | 0.1% | 6.3% | ||
| Q2 25 | -0.4% | 15.9% | ||
| Q1 25 | -0.5% | 21.4% | ||
| Q4 24 | -5.6% | 18.4% | ||
| Q3 24 | -25.0% | 14.4% | ||
| Q2 24 | 0.9% | 30.3% | ||
| Q1 24 | -12.0% | 16.9% |
| Q4 25 | -47.3% | 11.3% | ||
| Q3 25 | -15.5% | -2.6% | ||
| Q2 25 | -34.7% | 5.1% | ||
| Q1 25 | 9.4% | 12.4% | ||
| Q4 24 | -14.8% | 10.4% | ||
| Q3 24 | -39.3% | 7.6% | ||
| Q2 24 | -9.7% | 28.1% | ||
| Q1 24 | -28.1% | 15.0% |
| Q4 25 | $-5.84 | $0.54 | ||
| Q3 25 | $-1.70 | $-0.13 | ||
| Q2 25 | $-3.76 | $0.27 | ||
| Q1 25 | $0.57 | $0.67 | ||
| Q4 24 | $-1.76 | $0.56 | ||
| Q3 24 | $-5.10 | $0.40 | ||
| Q2 24 | $-1.24 | $1.34 | ||
| Q1 24 | $-3.61 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $798.4M | $471.4M |
| Total DebtLower is stronger | $4.5B | — |
| Stockholders' EquityBook value | $994.7M | $4.5B |
| Total Assets | $11.2B | $7.5B |
| Debt / EquityLower = less leverage | 4.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $798.4M | $471.4M | ||
| Q3 25 | $160.7M | $477.9M | ||
| Q2 25 | $174.6M | $338.2M | ||
| Q1 25 | $209.7M | $303.8M | ||
| Q4 24 | $171.2M | $247.3M | ||
| Q3 24 | $191.0M | $391.9M | ||
| Q2 24 | $154.7M | $162.9M | ||
| Q1 24 | $169.4M | $212.5M |
| Q4 25 | $4.5B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
| Q4 25 | $994.7M | $4.5B | ||
| Q3 25 | $521.5M | $4.5B | ||
| Q2 25 | $630.1M | $4.6B | ||
| Q1 25 | $796.5M | $4.7B | ||
| Q4 24 | $30.9M | $4.7B | ||
| Q3 24 | $233.4M | $4.7B | ||
| Q2 24 | $393.1M | $4.0B | ||
| Q1 24 | $449.4M | $3.9B |
| Q4 25 | $11.2B | $7.5B | ||
| Q3 25 | $7.6B | $7.6B | ||
| Q2 25 | $7.8B | $7.7B | ||
| Q1 25 | $7.5B | $7.9B | ||
| Q4 24 | $5.9B | $8.0B | ||
| Q3 24 | $6.4B | $8.0B | ||
| Q2 24 | $6.6B | $5.6B | ||
| Q1 24 | $6.6B | $5.4B |
| Q4 25 | 4.52× | — | ||
| Q3 25 | 7.17× | — | ||
| Q2 25 | 5.68× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 107.40× | — | ||
| Q3 24 | 15.73× | — | ||
| Q2 24 | 9.34× | — | ||
| Q1 24 | 8.19× | — |
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 | — | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | 5.1% | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $187.1M | ||
| Q3 25 | $-88.6M | $277.1M | ||
| Q2 25 | — | $216.4M | ||
| Q1 25 | $42.0M | $271.1M | ||
| Q4 24 | $37.8M | $136.2M | ||
| Q3 24 | $36.5M | $283.8M | ||
| Q2 24 | $47.6M | $106.8M | ||
| Q1 24 | $-7.9M | $128.7M |
| Q4 25 | — | $35.4M | ||
| Q3 25 | $-139.3M | $139.5M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | $11.5M | $157.5M | ||
| Q4 24 | $-5.9M | $-4.4M | ||
| Q3 24 | $-55.8M | $156.8M | ||
| Q2 24 | $11.8M | $-34.3M | ||
| Q1 24 | $-35.9M | $-37.9M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | -21.0% | 17.5% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | 3.1% | 18.0% | ||
| Q4 24 | -1.0% | -0.5% | ||
| Q3 24 | -8.9% | 19.6% | ||
| Q2 24 | 1.9% | -4.9% | ||
| Q1 24 | -5.8% | -6.0% |
| Q4 25 | 5.1% | 19.9% | ||
| Q3 25 | 7.6% | 17.3% | ||
| Q2 25 | 7.4% | 13.7% | ||
| Q1 25 | 8.3% | 13.0% | ||
| Q4 24 | 7.5% | 15.2% | ||
| Q3 24 | 14.7% | 15.9% | ||
| Q2 24 | 5.7% | 20.4% | ||
| Q1 24 | 4.5% | 26.2% |
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | 1.22× | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 4.64× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
