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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and CLOVER HEALTH INVESTMENTS, CORP. (CLOV). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($749.2M vs $598.2M, roughly 1.3× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs 3.6%, a 0.5% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (62.0% vs 6.9%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (45.0% CAGR vs 20.0%).
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.
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
BNED vs CLOV — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $749.2M |
| Net Profit | $25.0M | $27.3M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | 3.6% |
| Net Margin | 4.2% | 3.6% |
| Revenue YoY | 6.9% | 62.0% |
| Net Profit YoY | -49.7% | — |
| EPS (diluted) | $0.72 | $0.05 |
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 | — | $749.2M | ||
| Q4 25 | $598.2M | $487.7M | ||
| Q3 25 | $274.2M | $496.6M | ||
| Q2 25 | $233.0M | $477.6M | ||
| Q1 25 | $419.7M | $462.3M | ||
| Q4 24 | $559.7M | $337.0M | ||
| Q3 24 | $250.9M | $331.0M | ||
| Q2 24 | $192.7M | $356.3M |
| Q1 26 | — | $27.3M | ||
| Q4 25 | $25.0M | $-49.3M | ||
| Q3 25 | $-18.3M | $-24.4M | ||
| Q2 25 | $-23.0M | $-10.6M | ||
| Q1 25 | $17.9M | $-1.3M | ||
| Q4 24 | $43.2M | $-22.1M | ||
| Q3 24 | $-103.9M | $-9.2M | ||
| Q2 24 | $-41.9M | $7.4M |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | — | ||
| Q3 25 | 20.2% | — | ||
| Q2 25 | 30.3% | — | ||
| Q1 25 | 22.3% | — | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 17.9% | 24.5% | ||
| Q2 24 | 28.7% | 30.3% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 6.8% | -10.1% | ||
| Q3 25 | -8.4% | -4.9% | ||
| Q2 25 | -4.9% | -2.2% | ||
| Q1 25 | 4.5% | -0.3% | ||
| Q4 24 | 8.4% | -6.4% | ||
| Q3 24 | -15.4% | -2.7% | ||
| Q2 24 | -16.3% | 2.0% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 4.2% | -10.1% | ||
| Q3 25 | -6.7% | -4.9% | ||
| Q2 25 | -9.9% | -2.2% | ||
| Q1 25 | 4.3% | -0.3% | ||
| Q4 24 | 7.7% | -6.6% | ||
| Q3 24 | -41.4% | -2.8% | ||
| Q2 24 | -21.7% | 2.1% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.72 | — | ||
| Q3 25 | $-0.54 | — | ||
| Q2 25 | $2.97 | — | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $1.63 | — | ||
| Q3 24 | $-7.69 | — | ||
| Q2 24 | $-15.68 | — |
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 | $177.6M |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $339.4M |
| Total Assets | $1.1B | $697.7M |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $177.6M | ||
| Q4 25 | $11.7M | $78.3M | ||
| Q3 25 | $7.3M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $9.2M | — | ||
| Q4 24 | $11.6M | $194.5M | ||
| Q3 24 | $8.2M | $288.0M | ||
| Q2 24 | $10.5M | $254.8M |
| Q1 26 | — | — | ||
| 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 | — | $339.4M | ||
| Q4 25 | $283.2M | $308.7M | ||
| Q3 25 | $256.5M | $340.9M | ||
| Q2 25 | $272.2M | $344.2M | ||
| Q1 25 | $292.9M | $336.1M | ||
| Q4 24 | $211.4M | $341.1M | ||
| Q3 24 | $149.8M | $342.2M | ||
| Q2 24 | $80.4M | $324.9M |
| Q1 26 | — | $697.7M | ||
| Q4 25 | $1.1B | $541.0M | ||
| Q3 25 | $950.8M | $559.7M | ||
| Q2 25 | $790.3M | $575.0M | ||
| Q1 25 | $1.1B | $583.7M | ||
| Q4 24 | $1.0B | $580.7M | ||
| Q3 24 | $973.2M | $653.0M | ||
| Q2 24 | $909.9M | $674.2M |
| Q1 26 | — | — | ||
| 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 | — |
| Free Cash FlowOCF − Capex | $61.9M | — |
| FCF MarginFCF / Revenue | 10.4% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 2.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $66.2M | $-66.9M | ||
| Q3 25 | $-67.6M | $12.1M | ||
| Q2 25 | $52.6M | $5.4M | ||
| Q1 25 | $-41.9M | $-16.3M | ||
| Q4 24 | $47.4M | $34.8M | ||
| Q3 24 | $-143.5M | $50.0M | ||
| Q2 24 | $81.7M | $44.8M |
| Q1 26 | — | — | ||
| Q4 25 | $61.9M | $-69.0M | ||
| Q3 25 | $-71.3M | $11.4M | ||
| Q2 25 | $49.5M | $4.8M | ||
| Q1 25 | $-44.7M | $-16.5M | ||
| Q4 24 | $44.4M | $33.3M | ||
| Q3 24 | $-147.5M | $49.6M | ||
| Q2 24 | $79.1M | $44.4M |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | -14.1% | ||
| Q3 25 | -26.0% | 2.3% | ||
| Q2 25 | 21.3% | 1.0% | ||
| Q1 25 | -10.7% | -3.6% | ||
| Q4 24 | 7.9% | 9.9% | ||
| Q3 24 | -58.8% | 15.0% | ||
| Q2 24 | 41.1% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 0.4% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.4% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -2.34× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.04× |
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% |
CLOV
Segment breakdown not available.
