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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and DELUXE CORP (DLX). Click either name above to swap in a different company.
Barnes & Noble Education, Inc. is the larger business by last-quarter revenue ($598.2M vs $535.2M, roughly 1.1× DELUXE CORP). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs 2.2%, a 1.9% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs 2.8%). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 0.0%).
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.
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
BNED vs DLX — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $535.2M |
| Net Profit | $25.0M | $12.0M |
| Gross Margin | 21.7% | 52.2% |
| Operating Margin | 6.8% | 8.9% |
| Net Margin | 4.2% | 2.2% |
| Revenue YoY | 6.9% | 2.8% |
| Net Profit YoY | -49.7% | -5.0% |
| EPS (diluted) | $0.72 | $0.25 |
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 | $535.2M | ||
| Q3 25 | $274.2M | $540.2M | ||
| Q2 25 | $233.0M | $521.3M | ||
| Q1 25 | $419.7M | $536.5M | ||
| Q4 24 | $559.7M | $520.6M | ||
| Q3 24 | $250.9M | $528.4M | ||
| Q2 24 | $192.7M | $537.8M | ||
| Q1 24 | $415.4M | $535.0M |
| Q4 25 | $25.0M | $12.0M | ||
| Q3 25 | $-18.3M | $33.7M | ||
| Q2 25 | $-23.0M | $22.4M | ||
| Q1 25 | $17.9M | $14.0M | ||
| Q4 24 | $43.2M | $12.6M | ||
| Q3 24 | $-103.9M | $8.9M | ||
| Q2 24 | $-41.9M | $20.5M | ||
| Q1 24 | $-9.3M | $10.8M |
| Q4 25 | 21.7% | 52.2% | ||
| Q3 25 | 20.2% | 53.9% | ||
| Q2 25 | 30.3% | 53.6% | ||
| Q1 25 | 22.3% | 52.4% | ||
| Q4 24 | 23.0% | 52.3% | ||
| Q3 24 | 17.9% | 53.3% | ||
| Q2 24 | 28.7% | 53.7% | ||
| Q1 24 | 24.2% | 53.0% |
| Q4 25 | 6.8% | 8.9% | ||
| Q3 25 | -8.4% | 14.0% | ||
| Q2 25 | -4.9% | 11.7% | ||
| Q1 25 | 4.5% | 9.0% | ||
| Q4 24 | 8.4% | 9.0% | ||
| Q3 24 | -15.4% | 7.9% | ||
| Q2 24 | -16.3% | 11.0% | ||
| Q1 24 | 0.4% | 8.3% |
| Q4 25 | 4.2% | 2.2% | ||
| Q3 25 | -6.7% | 6.2% | ||
| Q2 25 | -9.9% | 4.3% | ||
| Q1 25 | 4.3% | 2.6% | ||
| Q4 24 | 7.7% | 2.4% | ||
| Q3 24 | -41.4% | 1.7% | ||
| Q2 24 | -21.7% | 3.8% | ||
| Q1 24 | -2.2% | 2.0% |
| Q4 25 | $0.72 | $0.25 | ||
| Q3 25 | $-0.54 | $0.74 | ||
| Q2 25 | $2.97 | $0.50 | ||
| Q1 25 | $0.59 | $0.31 | ||
| Q4 24 | $1.63 | $0.28 | ||
| Q3 24 | $-7.69 | $0.20 | ||
| Q2 24 | $-15.68 | $0.46 | ||
| Q1 24 | $-3.49 | $0.24 |
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 | $36.9M |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $680.7M |
| Total Assets | $1.1B | $2.9B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $36.9M | ||
| Q3 25 | $7.3M | $25.8M | ||
| Q2 25 | $9.1M | $26.0M | ||
| Q1 25 | $9.2M | $30.3M | ||
| Q4 24 | $11.6M | $34.4M | ||
| Q3 24 | $8.2M | $41.3M | ||
| Q2 24 | $10.5M | $23.1M | ||
| Q1 24 | $8.1M | $23.5M |
| 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 24 | $30.2M | — |
| Q4 25 | $283.2M | $680.7M | ||
| Q3 25 | $256.5M | $664.1M | ||
| Q2 25 | $272.2M | $638.7M | ||
| Q1 25 | $292.9M | $622.5M | ||
| Q4 24 | $211.4M | $620.9M | ||
| Q3 24 | $149.8M | $612.7M | ||
| Q2 24 | $80.4M | $620.5M | ||
| Q1 24 | $121.5M | $608.4M |
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $950.8M | $2.6B | ||
| Q2 25 | $790.3M | $2.5B | ||
| Q1 25 | $1.1B | $2.6B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $973.2M | $2.6B | ||
| Q2 24 | $909.9M | $2.7B | ||
| Q1 24 | $1.2B | $2.7B |
| 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× | — | ||
| Q1 24 | 0.25× | — |
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 | $102.1M |
| Free Cash FlowOCF − Capex | $61.9M | — |
| FCF MarginFCF / Revenue | 10.4% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 2.65× | 8.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $102.1M | ||
| Q3 25 | $-67.6M | $67.1M | ||
| Q2 25 | $52.6M | $51.1M | ||
| Q1 25 | $-41.9M | $50.3M | ||
| Q4 24 | $47.4M | $60.2M | ||
| Q3 24 | $-143.5M | $67.9M | ||
| Q2 24 | $81.7M | $39.6M | ||
| Q1 24 | $-35.8M | $26.6M |
| Q4 25 | $61.9M | — | ||
| Q3 25 | $-71.3M | — | ||
| Q2 25 | $49.5M | $27.8M | ||
| Q1 25 | $-44.7M | $24.3M | ||
| Q4 24 | $44.4M | — | ||
| Q3 24 | $-147.5M | $46.7M | ||
| Q2 24 | $79.1M | $11.4M | ||
| Q1 24 | $-39.0M | $6.1M |
| Q4 25 | 10.4% | — | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | 21.3% | 5.3% | ||
| Q1 25 | -10.7% | 4.5% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | -58.8% | 8.8% | ||
| Q2 24 | 41.1% | 2.1% | ||
| Q1 24 | -9.4% | 1.1% |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.3% | 4.5% | ||
| Q1 25 | 0.7% | 4.8% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.6% | 4.0% | ||
| Q2 24 | 1.4% | 5.2% | ||
| Q1 24 | 0.8% | 3.8% |
| Q4 25 | 2.65× | 8.53× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 2.28× | ||
| Q1 25 | -2.34× | 3.59× | ||
| Q4 24 | 1.10× | 4.77× | ||
| Q3 24 | — | 7.60× | ||
| Q2 24 | — | 1.94× | ||
| Q1 24 | — | 2.46× |
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% |
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
