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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Core Natural Resources, Inc. (CNR). Click either name above to swap in a different company.

Core Natural Resources, Inc. is the larger business by last-quarter revenue ($1.0B vs $598.2M, roughly 1.7× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs -7.6%, a 11.8% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 6.9%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% 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.

Arch Resources, previously known as Arch Coal, was an American coal mining and processing company. The company mined, processed, and marketed bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources was the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand came mainly from generators of electricity.

BNED vs CNR — Head-to-Head

Bigger by revenue
CNR
CNR
1.7× larger
CNR
$1.0B
$598.2M
BNED
Growing faster (revenue YoY)
CNR
CNR
+74.9% gap
CNR
81.8%
6.9%
BNED
Higher net margin
BNED
BNED
11.8% more per $
BNED
4.2%
-7.6%
CNR
More free cash flow
BNED
BNED
$35.9M more FCF
BNED
$61.9M
$26.0M
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
20.0%
BNED

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
BNED
BNED
CNR
CNR
Revenue
$598.2M
$1.0B
Net Profit
$25.0M
$-79.0M
Gross Margin
21.7%
Operating Margin
6.8%
-9.3%
Net Margin
4.2%
-7.6%
Revenue YoY
6.9%
81.8%
Net Profit YoY
-49.7%
-356.3%
EPS (diluted)
$0.72
$-1.51

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.

Revenue
BNED
BNED
CNR
CNR
Q4 25
$598.2M
$1.0B
Q3 25
$274.2M
$1.0B
Q2 25
$233.0M
$1.1B
Q1 25
$419.7M
$1.0B
Q4 24
$559.7M
$573.6M
Q3 24
$250.9M
$553.4M
Q2 24
$192.7M
$490.7M
Q1 24
$415.4M
$546.7M
Net Profit
BNED
BNED
CNR
CNR
Q4 25
$25.0M
$-79.0M
Q3 25
$-18.3M
$31.6M
Q2 25
$-23.0M
$-36.6M
Q1 25
$17.9M
$-69.3M
Q4 24
$43.2M
$30.8M
Q3 24
$-103.9M
$95.6M
Q2 24
$-41.9M
$58.1M
Q1 24
$-9.3M
$101.9M
Gross Margin
BNED
BNED
CNR
CNR
Q4 25
21.7%
Q3 25
20.2%
Q2 25
30.3%
Q1 25
22.3%
Q4 24
23.0%
Q3 24
17.9%
Q2 24
28.7%
Q1 24
24.2%
Operating Margin
BNED
BNED
CNR
CNR
Q4 25
6.8%
-9.3%
Q3 25
-8.4%
-1.2%
Q2 25
-4.9%
-1.7%
Q1 25
4.5%
-5.3%
Q4 24
8.4%
6.6%
Q3 24
-15.4%
21.2%
Q2 24
-16.3%
14.6%
Q1 24
0.4%
22.7%
Net Margin
BNED
BNED
CNR
CNR
Q4 25
4.2%
-7.6%
Q3 25
-6.7%
3.2%
Q2 25
-9.9%
-3.3%
Q1 25
4.3%
-6.8%
Q4 24
7.7%
5.4%
Q3 24
-41.4%
17.3%
Q2 24
-21.7%
11.8%
Q1 24
-2.2%
18.6%
EPS (diluted)
BNED
BNED
CNR
CNR
Q4 25
$0.72
$-1.51
Q3 25
$-0.54
$0.61
Q2 25
$2.97
$-0.70
Q1 25
$0.59
$-1.38
Q4 24
$1.63
$1.04
Q3 24
$-7.69
$3.22
Q2 24
$-15.68
$1.96
Q1 24
$-3.49
$3.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNED
BNED
CNR
CNR
Cash + ST InvestmentsLiquidity on hand
$11.7M
$432.2M
Total DebtLower is stronger
$122.5M
$354.2M
Stockholders' EquityBook value
$283.2M
$3.7B
Total Assets
$1.1B
$6.1B
Debt / EquityLower = less leverage
0.43×
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNED
BNED
CNR
CNR
Q4 25
$11.7M
$432.2M
Q3 25
$7.3M
$444.7M
Q2 25
$9.1M
$413.2M
Q1 25
$9.2M
$388.5M
Q4 24
$11.6M
$460.2M
Q3 24
$8.2M
$331.7M
Q2 24
$10.5M
$216.1M
Q1 24
$8.1M
$172.6M
Total Debt
BNED
BNED
CNR
CNR
Q4 25
$122.5M
$354.2M
Q3 25
$170.0M
$334.5M
Q2 25
$103.1M
$334.0M
Q1 25
$141.2M
$329.8M
Q4 24
$177.6M
$94.8M
Q3 24
$221.9M
$83.7M
Q2 24
$196.3M
$184.9M
Q1 24
$30.2M
$185.5M
Stockholders' Equity
BNED
BNED
CNR
CNR
Q4 25
$283.2M
$3.7B
Q3 25
$256.5M
$3.8B
Q2 25
$272.2M
$3.8B
Q1 25
$292.9M
$3.9B
Q4 24
$211.4M
$1.6B
Q3 24
$149.8M
$1.5B
Q2 24
$80.4M
$1.4B
Q1 24
$121.5M
$1.4B
Total Assets
BNED
BNED
CNR
CNR
Q4 25
$1.1B
$6.1B
Q3 25
$950.8M
$6.2B
Q2 25
$790.3M
$6.2B
Q1 25
$1.1B
$6.3B
Q4 24
$1.0B
$2.9B
Q3 24
$973.2M
$2.8B
Q2 24
$909.9M
$2.7B
Q1 24
$1.2B
$2.7B
Debt / Equity
BNED
BNED
CNR
CNR
Q4 25
0.43×
0.10×
Q3 25
0.66×
0.09×
Q2 25
0.38×
0.09×
Q1 25
0.48×
0.08×
Q4 24
0.84×
0.06×
Q3 24
1.48×
0.05×
Q2 24
2.44×
0.13×
Q1 24
0.25×
0.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNED
BNED
CNR
CNR
Operating Cash FlowLast quarter
$66.2M
$107.3M
Free Cash FlowOCF − Capex
$61.9M
$26.0M
FCF MarginFCF / Revenue
10.4%
2.5%
Capex IntensityCapex / Revenue
0.7%
7.8%
Cash ConversionOCF / Net Profit
2.65×
TTM Free Cash FlowTrailing 4 quarters
$-4.6M
$21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNED
BNED
CNR
CNR
Q4 25
$66.2M
$107.3M
Q3 25
$-67.6M
$87.9M
Q2 25
$52.6M
$220.2M
Q1 25
$-41.9M
$-109.6M
Q4 24
$47.4M
$121.3M
Q3 24
$-143.5M
$161.3M
Q2 24
$81.7M
$116.3M
Q1 24
$-35.8M
$77.5M
Free Cash Flow
BNED
BNED
CNR
CNR
Q4 25
$61.9M
$26.0M
Q3 25
$-71.3M
$38.6M
Q2 25
$49.5M
$131.0M
Q1 25
$-44.7M
$-174.5M
Q4 24
$44.4M
$80.5M
Q3 24
$-147.5M
$121.9M
Q2 24
$79.1M
$60.9M
Q1 24
$-39.0M
$35.1M
FCF Margin
BNED
BNED
CNR
CNR
Q4 25
10.4%
2.5%
Q3 25
-26.0%
3.9%
Q2 25
21.3%
11.9%
Q1 25
-10.7%
-17.1%
Q4 24
7.9%
14.0%
Q3 24
-58.8%
22.0%
Q2 24
41.1%
12.4%
Q1 24
-9.4%
6.4%
Capex Intensity
BNED
BNED
CNR
CNR
Q4 25
0.7%
7.8%
Q3 25
1.4%
4.9%
Q2 25
1.3%
8.1%
Q1 25
0.7%
6.4%
Q4 24
0.5%
7.1%
Q3 24
1.6%
7.1%
Q2 24
1.4%
11.3%
Q1 24
0.8%
7.7%
Cash Conversion
BNED
BNED
CNR
CNR
Q4 25
2.65×
Q3 25
2.78×
Q2 25
Q1 25
-2.34×
Q4 24
1.10×
3.94×
Q3 24
1.69×
Q2 24
2.00×
Q1 24
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BNED
BNED

Course Materials Product$459.3M77%
General Merchandise Product$112.9M19%
Serviceand Other$26.1M4%

CNR
CNR

Other$397.4M38%
Power Generation$376.5M36%
PRB$183.0M18%
Metallurgical$42.0M4%
Industrial$34.1M3%
Terminal Revenue$6.4M1%
Other Revenue$3.0M0%

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