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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and EnerSys (ENS). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $598.2M, roughly 1.5× Barnes & Noble Education, Inc.). EnerSys runs the higher net margin — 9.8% vs 4.2%, a 5.7% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $61.9M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 0.5%).
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.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
BNED vs ENS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $919.1M |
| Net Profit | $25.0M | $90.4M |
| Gross Margin | 21.7% | 30.1% |
| Operating Margin | 6.8% | 13.5% |
| Net Margin | 4.2% | 9.8% |
| Revenue YoY | 6.9% | 1.4% |
| Net Profit YoY | -49.7% | -21.3% |
| EPS (diluted) | $0.72 | $2.40 |
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 | $919.1M | ||
| Q3 25 | $274.2M | $951.3M | ||
| Q2 25 | $233.0M | $893.0M | ||
| Q1 25 | $419.7M | $974.8M | ||
| Q4 24 | $559.7M | $906.2M | ||
| Q3 24 | $250.9M | $883.7M | ||
| Q2 24 | $192.7M | $852.9M | ||
| Q1 24 | $415.4M | $910.7M |
| Q4 25 | $25.0M | $90.4M | ||
| Q3 25 | $-18.3M | $68.4M | ||
| Q2 25 | $-23.0M | $57.5M | ||
| Q1 25 | $17.9M | $96.5M | ||
| Q4 24 | $43.2M | $114.8M | ||
| Q3 24 | $-103.9M | $82.3M | ||
| Q2 24 | $-41.9M | $70.1M | ||
| Q1 24 | $-9.3M | $60.9M |
| Q4 25 | 21.7% | 30.1% | ||
| Q3 25 | 20.2% | 29.1% | ||
| Q2 25 | 30.3% | 28.4% | ||
| Q1 25 | 22.3% | 31.2% | ||
| Q4 24 | 23.0% | 32.9% | ||
| Q3 24 | 17.9% | 28.5% | ||
| Q2 24 | 28.7% | 27.9% | ||
| Q1 24 | 24.2% | 27.9% |
| Q4 25 | 6.8% | 13.5% | ||
| Q3 25 | -8.4% | 9.7% | ||
| Q2 25 | -4.9% | 9.7% | ||
| Q1 25 | 4.5% | 13.5% | ||
| Q4 24 | 8.4% | 15.7% | ||
| Q3 24 | -15.4% | 11.2% | ||
| Q2 24 | -16.3% | 10.7% | ||
| Q1 24 | 0.4% | 8.9% |
| Q4 25 | 4.2% | 9.8% | ||
| Q3 25 | -6.7% | 7.2% | ||
| Q2 25 | -9.9% | 6.4% | ||
| Q1 25 | 4.3% | 9.9% | ||
| Q4 24 | 7.7% | 12.7% | ||
| Q3 24 | -41.4% | 9.3% | ||
| Q2 24 | -21.7% | 8.2% | ||
| Q1 24 | -2.2% | 6.7% |
| Q4 25 | $0.72 | $2.40 | ||
| Q3 25 | $-0.54 | $1.80 | ||
| Q2 25 | $2.97 | $1.46 | ||
| Q1 25 | $0.59 | $2.39 | ||
| Q4 24 | $1.63 | $2.88 | ||
| Q3 24 | $-7.69 | $2.01 | ||
| Q2 24 | $-15.68 | $1.71 | ||
| Q1 24 | $-3.49 | $1.48 |
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 | $450.1M |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $1.9B |
| Total Assets | $1.1B | $4.0B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $450.1M | ||
| Q3 25 | $7.3M | $388.6M | ||
| Q2 25 | $9.1M | $346.7M | ||
| Q1 25 | $9.2M | $343.1M | ||
| Q4 24 | $11.6M | $463.2M | ||
| Q3 24 | $8.2M | $407.9M | ||
| Q2 24 | $10.5M | $344.1M | ||
| Q1 24 | $8.1M | $333.3M |
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | $1.1B | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | $802.0M |
| Q4 25 | $283.2M | $1.9B | ||
| Q3 25 | $256.5M | $1.9B | ||
| Q2 25 | $272.2M | $1.9B | ||
| Q1 25 | $292.9M | $1.9B | ||
| Q4 24 | $211.4M | $1.8B | ||
| Q3 24 | $149.8M | $1.8B | ||
| Q2 24 | $80.4M | $1.8B | ||
| Q1 24 | $121.5M | $1.8B |
| Q4 25 | $1.1B | $4.0B | ||
| Q3 25 | $950.8M | $4.1B | ||
| Q2 25 | $790.3M | $4.1B | ||
| Q1 25 | $1.1B | $4.0B | ||
| Q4 24 | $1.0B | $4.0B | ||
| Q3 24 | $973.2M | $4.0B | ||
| Q2 24 | $909.9M | $3.6B | ||
| Q1 24 | $1.2B | $3.5B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | 0.57× | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 2.44× | — | ||
| Q1 24 | 0.25× | 0.46× |
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 | $184.6M |
| Free Cash FlowOCF − Capex | $61.9M | $171.3M |
| FCF MarginFCF / Revenue | 10.4% | 18.6% |
| Capex IntensityCapex / Revenue | 0.7% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.65× | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $184.6M | ||
| Q3 25 | $-67.6M | $218.0M | ||
| Q2 25 | $52.6M | $968.0K | ||
| Q1 25 | $-41.9M | $135.2M | ||
| Q4 24 | $47.4M | $81.1M | ||
| Q3 24 | $-143.5M | $33.6M | ||
| Q2 24 | $81.7M | $10.4M | ||
| Q1 24 | $-35.8M | — |
| Q4 25 | $61.9M | $171.3M | ||
| Q3 25 | $-71.3M | $197.1M | ||
| Q2 25 | $49.5M | $-32.1M | ||
| Q1 25 | $-44.7M | $104.9M | ||
| Q4 24 | $44.4M | $56.8M | ||
| Q3 24 | $-147.5M | $3.3M | ||
| Q2 24 | $79.1M | $-25.7M | ||
| Q1 24 | $-39.0M | — |
| Q4 25 | 10.4% | 18.6% | ||
| Q3 25 | -26.0% | 20.7% | ||
| Q2 25 | 21.3% | -3.6% | ||
| Q1 25 | -10.7% | 10.8% | ||
| Q4 24 | 7.9% | 6.3% | ||
| Q3 24 | -58.8% | 0.4% | ||
| Q2 24 | 41.1% | -3.0% | ||
| Q1 24 | -9.4% | — |
| Q4 25 | 0.7% | 1.4% | ||
| Q3 25 | 1.4% | 2.2% | ||
| Q2 25 | 1.3% | 3.7% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 0.5% | 2.7% | ||
| Q3 24 | 1.6% | 3.4% | ||
| Q2 24 | 1.4% | 4.2% | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 2.65× | 2.04× | ||
| Q3 25 | — | 3.19× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | -2.34× | 1.40× | ||
| Q4 24 | 1.10× | 0.71× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | — |
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% |
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
