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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and DONALDSON Co INC (DCI). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $598.2M, roughly 1.6× Barnes & Noble Education, Inc.). DONALDSON Co INC runs the higher net margin — 12.2% vs 4.2%, a 8.0% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs 3.9%). DONALDSON Co INC produced more free cash flow last quarter ($111.2M vs $61.9M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 3.3%).
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.
Donaldson Company, Inc. is a filtration company engaged in the production and marketing of filtration products used in a variety of industry sectors, including commercial/industrial, aerospace, chemical, alternative energy (windmills), food & beverage, and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications.
BNED vs DCI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $935.4M |
| Net Profit | $25.0M | $113.9M |
| Gross Margin | 21.7% | 35.2% |
| Operating Margin | 6.8% | 16.0% |
| Net Margin | 4.2% | 12.2% |
| Revenue YoY | 6.9% | 3.9% |
| Net Profit YoY | -49.7% | 15.1% |
| EPS (diluted) | $0.72 | $0.97 |
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 | $598.2M | $935.4M | ||
| Q3 25 | $274.2M | $980.7M | ||
| Q2 25 | $233.0M | $940.1M | ||
| Q1 25 | $419.7M | $870.0M | ||
| Q4 24 | $559.7M | $900.1M | ||
| Q3 24 | $250.9M | $935.4M | ||
| Q2 24 | $192.7M | $927.9M | ||
| Q1 24 | $415.4M | $876.7M |
| Q4 25 | $25.0M | $113.9M | ||
| Q3 25 | $-18.3M | $114.3M | ||
| Q2 25 | $-23.0M | $57.8M | ||
| Q1 25 | $17.9M | $95.9M | ||
| Q4 24 | $43.2M | $99.0M | ||
| Q3 24 | $-103.9M | $109.7M | ||
| Q2 24 | $-41.9M | $113.5M | ||
| Q1 24 | $-9.3M | $98.7M |
| Q4 25 | 21.7% | 35.2% | ||
| Q3 25 | 20.2% | 34.5% | ||
| Q2 25 | 30.3% | 34.2% | ||
| Q1 25 | 22.3% | 35.2% | ||
| Q4 24 | 23.0% | 35.5% | ||
| Q3 24 | 17.9% | 35.8% | ||
| Q2 24 | 28.7% | 35.6% | ||
| Q1 24 | 24.2% | 35.2% |
| Q4 25 | 6.8% | 16.0% | ||
| Q3 25 | -8.4% | 15.5% | ||
| Q2 25 | -4.9% | 9.3% | ||
| Q1 25 | 4.5% | 14.4% | ||
| Q4 24 | 8.4% | 14.5% | ||
| Q3 24 | -15.4% | 15.6% | ||
| Q2 24 | -16.3% | 15.5% | ||
| Q1 24 | 0.4% | 14.8% |
| Q4 25 | 4.2% | 12.2% | ||
| Q3 25 | -6.7% | 11.7% | ||
| Q2 25 | -9.9% | 6.1% | ||
| Q1 25 | 4.3% | 11.0% | ||
| Q4 24 | 7.7% | 11.0% | ||
| Q3 24 | -41.4% | 11.7% | ||
| Q2 24 | -21.7% | 12.2% | ||
| Q1 24 | -2.2% | 11.3% |
| Q4 25 | $0.72 | $0.97 | ||
| Q3 25 | $-0.54 | $0.97 | ||
| Q2 25 | $2.97 | $0.48 | ||
| Q1 25 | $0.59 | $0.79 | ||
| Q4 24 | $1.63 | $0.81 | ||
| Q3 24 | $-7.69 | $0.90 | ||
| Q2 24 | $-15.68 | $0.92 | ||
| Q1 24 | $-3.49 | $0.81 |
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 | $210.7M |
| Total DebtLower is stronger | $122.5M | $671.5M |
| Stockholders' EquityBook value | $283.2M | $1.5B |
| Total Assets | $1.1B | $3.0B |
| Debt / EquityLower = less leverage | 0.43× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $210.7M | ||
| Q3 25 | $7.3M | $180.4M | ||
| Q2 25 | $9.1M | $178.5M | ||
| Q1 25 | $9.2M | $189.1M | ||
| Q4 24 | $11.6M | $221.2M | ||
| Q3 24 | $8.2M | $232.7M | ||
| Q2 24 | $10.5M | $223.7M | ||
| Q1 24 | $8.1M | $193.8M |
| Q4 25 | $122.5M | $671.5M | ||
| Q3 25 | $170.0M | $630.4M | ||
| Q2 25 | $103.1M | $638.8M | ||
| Q1 25 | $141.2M | $514.7M | ||
| Q4 24 | $177.6M | $538.6M | ||
| Q3 24 | $221.9M | $483.4M | ||
| Q2 24 | $196.3M | $481.8M | ||
| Q1 24 | $30.2M | $352.0M |
| Q4 25 | $283.2M | $1.5B | ||
| Q3 25 | $256.5M | $1.5B | ||
| Q2 25 | $272.2M | $1.5B | ||
| Q1 25 | $292.9M | $1.5B | ||
| Q4 24 | $211.4M | $1.5B | ||
| Q3 24 | $149.8M | $1.5B | ||
| Q2 24 | $80.4M | $1.5B | ||
| Q1 24 | $121.5M | $1.4B |
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $950.8M | $3.0B | ||
| Q2 25 | $790.3M | $3.0B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $973.2M | $2.9B | ||
| Q2 24 | $909.9M | $2.9B | ||
| Q1 24 | $1.2B | $2.8B |
| Q4 25 | 0.43× | 0.44× | ||
| Q3 25 | 0.66× | 0.43× | ||
| Q2 25 | 0.38× | 0.44× | ||
| Q1 25 | 0.48× | 0.33× | ||
| Q4 24 | 0.84× | 0.35× | ||
| Q3 24 | 1.48× | 0.32× | ||
| Q2 24 | 2.44× | 0.32× | ||
| Q1 24 | 0.25× | 0.26× |
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 | $125.4M |
| Free Cash FlowOCF − Capex | $61.9M | $111.2M |
| FCF MarginFCF / Revenue | 10.4% | 11.9% |
| Capex IntensityCapex / Revenue | 0.7% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.65× | 1.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $403.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $125.4M | ||
| Q3 25 | $-67.6M | $167.8M | ||
| Q2 25 | $52.6M | $87.7M | ||
| Q1 25 | $-41.9M | $90.4M | ||
| Q4 24 | $47.4M | $72.9M | ||
| Q3 24 | $-143.5M | $126.0M | ||
| Q2 24 | $81.7M | $141.5M | ||
| Q1 24 | $-35.8M | $87.0M |
| Q4 25 | $61.9M | $111.2M | ||
| Q3 25 | $-71.3M | $147.5M | ||
| Q2 25 | $49.5M | $73.0M | ||
| Q1 25 | $-44.7M | $71.5M | ||
| Q4 24 | $44.4M | $47.9M | ||
| Q3 24 | $-147.5M | $106.2M | ||
| Q2 24 | $79.1M | $120.2M | ||
| Q1 24 | $-39.0M | $65.7M |
| Q4 25 | 10.4% | 11.9% | ||
| Q3 25 | -26.0% | 15.0% | ||
| Q2 25 | 21.3% | 7.8% | ||
| Q1 25 | -10.7% | 8.2% | ||
| Q4 24 | 7.9% | 5.3% | ||
| Q3 24 | -58.8% | 11.4% | ||
| Q2 24 | 41.1% | 13.0% | ||
| Q1 24 | -9.4% | 7.5% |
| Q4 25 | 0.7% | 1.5% | ||
| Q3 25 | 1.4% | 2.1% | ||
| Q2 25 | 1.3% | 1.6% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.5% | 2.8% | ||
| Q3 24 | 1.6% | 2.1% | ||
| Q2 24 | 1.4% | 2.3% | ||
| Q1 24 | 0.8% | 2.4% |
| Q4 25 | 2.65× | 1.10× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | -2.34× | 0.94× | ||
| Q4 24 | 1.10× | 0.74× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.25× | ||
| Q1 24 | — | 0.88× |
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% |
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
