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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and BWX Technologies, Inc. (BWXT). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($860.2M vs $598.2M, roughly 1.4× Barnes & Noble Education, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.6% vs 4.2%, a 6.4% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 6.9%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $50.1M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 12.4%).
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.
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
BNED vs BWXT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $860.2M |
| Net Profit | $25.0M | $91.2M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | 12.4% |
| Net Margin | 4.2% | 10.6% |
| Revenue YoY | 6.9% | 26.1% |
| Net Profit YoY | -49.7% | 20.7% |
| EPS (diluted) | $0.72 | $0.99 |
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.
| Q1 26 | — | $860.2M | ||
| Q4 25 | $598.2M | $885.8M | ||
| Q3 25 | $274.2M | $866.3M | ||
| Q2 25 | $233.0M | $764.0M | ||
| Q1 25 | $419.7M | $682.3M | ||
| Q4 24 | $559.7M | $746.3M | ||
| Q3 24 | $250.9M | $672.0M | ||
| Q2 24 | $192.7M | $681.5M |
| Q1 26 | — | $91.2M | ||
| Q4 25 | $25.0M | $93.0M | ||
| Q3 25 | $-18.3M | $82.1M | ||
| Q2 25 | $-23.0M | $78.4M | ||
| Q1 25 | $17.9M | $75.5M | ||
| Q4 24 | $43.2M | $71.0M | ||
| Q3 24 | $-103.9M | $69.5M | ||
| Q2 24 | $-41.9M | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | — | ||
| Q3 25 | 20.2% | 21.8% | ||
| Q2 25 | 30.3% | 25.1% | ||
| Q1 25 | 22.3% | 24.2% | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 17.9% | 24.4% | ||
| Q2 24 | 28.7% | 24.7% |
| Q1 26 | — | 12.4% | ||
| Q4 25 | 6.8% | 10.4% | ||
| Q3 25 | -8.4% | 13.1% | ||
| Q2 25 | -4.9% | 13.4% | ||
| Q1 25 | 4.5% | 14.2% | ||
| Q4 24 | 8.4% | 12.4% | ||
| Q3 24 | -15.4% | 14.4% | ||
| Q2 24 | -16.3% | 14.5% |
| Q1 26 | — | 10.6% | ||
| Q4 25 | 4.2% | 10.5% | ||
| Q3 25 | -6.7% | 9.5% | ||
| Q2 25 | -9.9% | 10.3% | ||
| Q1 25 | 4.3% | 11.1% | ||
| Q4 24 | 7.7% | 9.5% | ||
| Q3 24 | -41.4% | 10.3% | ||
| Q2 24 | -21.7% | 10.7% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.72 | $1.02 | ||
| Q3 25 | $-0.54 | $0.89 | ||
| Q2 25 | $2.97 | $0.85 | ||
| Q1 25 | $0.59 | $0.82 | ||
| Q4 24 | $1.63 | $0.77 | ||
| Q3 24 | $-7.69 | $0.76 | ||
| Q2 24 | $-15.68 | $0.79 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.7M | $512.4M |
| Total DebtLower is stronger | $122.5M | $2.0B |
| Stockholders' EquityBook value | $283.2M | $1.3B |
| Total Assets | $1.1B | $4.3B |
| Debt / EquityLower = less leverage | 0.43× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.4M | ||
| Q4 25 | $11.7M | $499.8M | ||
| Q3 25 | $7.3M | $79.6M | ||
| Q2 25 | $9.1M | $37.0M | ||
| Q1 25 | $9.2M | $55.4M | ||
| Q4 24 | $11.6M | $74.1M | ||
| Q3 24 | $8.2M | $35.5M | ||
| Q2 24 | $10.5M | $48.3M |
| Q1 26 | — | $2.0B | ||
| 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 26 | — | $1.3B | ||
| Q4 25 | $283.2M | $1.2B | ||
| Q3 25 | $256.5M | $1.2B | ||
| Q2 25 | $272.2M | $1.2B | ||
| Q1 25 | $292.9M | $1.1B | ||
| Q4 24 | $211.4M | $1.1B | ||
| Q3 24 | $149.8M | $1.1B | ||
| Q2 24 | $80.4M | $998.5M |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $950.8M | $3.8B | ||
| Q2 25 | $790.3M | $3.7B | ||
| Q1 25 | $1.1B | $3.1B | ||
| Q4 24 | $1.0B | $2.9B | ||
| Q3 24 | $973.2M | $2.9B | ||
| Q2 24 | $909.9M | $2.8B |
| Q1 26 | — | 1.58× | ||
| 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× | — |
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 | $66.2M | $92.6M |
| Free Cash FlowOCF − Capex | $61.9M | $50.1M |
| FCF MarginFCF / Revenue | 10.4% | 5.8% |
| Capex IntensityCapex / Revenue | 0.7% | 4.9% |
| Cash ConversionOCF / Net Profit | 2.65× | 1.02× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $328.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $92.6M | ||
| Q4 25 | $66.2M | $127.0M | ||
| Q3 25 | $-67.6M | $143.2M | ||
| Q2 25 | $52.6M | $159.0M | ||
| Q1 25 | $-41.9M | $50.6M | ||
| Q4 24 | $47.4M | $276.9M | ||
| Q3 24 | $-143.5M | $32.6M | ||
| Q2 24 | $81.7M | $65.9M |
| Q1 26 | — | $50.1M | ||
| Q4 25 | $61.9M | $56.8M | ||
| Q3 25 | $-71.3M | $94.9M | ||
| Q2 25 | $49.5M | $126.3M | ||
| Q1 25 | $-44.7M | $17.3M | ||
| Q4 24 | $44.4M | $224.4M | ||
| Q3 24 | $-147.5M | $-7.7M | ||
| Q2 24 | $79.1M | $35.5M |
| Q1 26 | — | 5.8% | ||
| Q4 25 | 10.4% | 6.4% | ||
| Q3 25 | -26.0% | 11.0% | ||
| Q2 25 | 21.3% | 16.5% | ||
| Q1 25 | -10.7% | 2.5% | ||
| Q4 24 | 7.9% | 30.1% | ||
| Q3 24 | -58.8% | -1.1% | ||
| Q2 24 | 41.1% | 5.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 0.7% | 7.9% | ||
| Q3 25 | 1.4% | 5.6% | ||
| Q2 25 | 1.3% | 4.3% | ||
| Q1 25 | 0.7% | 4.9% | ||
| Q4 24 | 0.5% | 7.0% | ||
| Q3 24 | 1.6% | 6.0% | ||
| Q2 24 | 1.4% | 4.5% |
| Q1 26 | — | 1.02× | ||
| Q4 25 | 2.65× | 1.37× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | -2.34× | 0.67× | ||
| Q4 24 | 1.10× | 3.90× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
BWXT
Segment breakdown not available.
