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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Fidelity National Financial, Inc. (FNF). 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 $544.0M, roughly 1.1× Fidelity National Financial, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs -21.5%, a 25.7% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 6.9%). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 13.7%).
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.
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
BNED vs FNF — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $544.0M |
| Net Profit | $25.0M | $-117.0M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | 82.9% |
| Net Margin | 4.2% | -21.5% |
| Revenue YoY | 6.9% | 10.3% |
| Net Profit YoY | -49.7% | -126.0% |
| EPS (diluted) | $0.72 | $-0.44 |
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 | $544.0M | ||
| Q3 25 | $274.2M | $553.0M | ||
| Q2 25 | $233.0M | $547.0M | ||
| Q1 25 | $419.7M | $455.0M | ||
| Q4 24 | $559.7M | $493.0M | ||
| Q3 24 | $250.9M | $506.0M | ||
| Q2 24 | $192.7M | $504.0M | ||
| Q1 24 | $415.4M | $421.0M |
| Q4 25 | $25.0M | $-117.0M | ||
| Q3 25 | $-18.3M | $358.0M | ||
| Q2 25 | $-23.0M | $278.0M | ||
| Q1 25 | $17.9M | $83.0M | ||
| Q4 24 | $43.2M | $450.0M | ||
| Q3 24 | $-103.9M | $266.0M | ||
| Q2 24 | $-41.9M | $306.0M | ||
| Q1 24 | $-9.3M | $248.0M |
| 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% | — |
| Q4 25 | 6.8% | 82.9% | ||
| Q3 25 | -8.4% | 81.9% | ||
| Q2 25 | -4.9% | 69.8% | ||
| Q1 25 | 4.5% | 24.4% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | -15.4% | 61.9% | ||
| Q2 24 | -16.3% | 90.9% | ||
| Q1 24 | 0.4% | 78.6% |
| Q4 25 | 4.2% | -21.5% | ||
| Q3 25 | -6.7% | 64.7% | ||
| Q2 25 | -9.9% | 50.8% | ||
| Q1 25 | 4.3% | 18.2% | ||
| Q4 24 | 7.7% | 91.3% | ||
| Q3 24 | -41.4% | 52.6% | ||
| Q2 24 | -21.7% | 60.7% | ||
| Q1 24 | -2.2% | 58.9% |
| Q4 25 | $0.72 | $-0.44 | ||
| Q3 25 | $-0.54 | $1.33 | ||
| Q2 25 | $2.97 | $1.02 | ||
| Q1 25 | $0.59 | $0.30 | ||
| Q4 24 | $1.63 | $1.65 | ||
| Q3 24 | $-7.69 | $0.97 | ||
| Q2 24 | $-15.68 | $1.12 | ||
| Q1 24 | $-3.49 | $0.91 |
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 | $2.6B |
| Total DebtLower is stronger | $122.5M | $4.4B |
| Stockholders' EquityBook value | $283.2M | $7.4B |
| Total Assets | $1.1B | $109.0B |
| Debt / EquityLower = less leverage | 0.43× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $2.6B | ||
| Q3 25 | $7.3M | $3.5B | ||
| Q2 25 | $9.1M | $3.3B | ||
| Q1 25 | $9.2M | $4.5B | ||
| Q4 24 | $11.6M | $3.5B | ||
| Q3 24 | $8.2M | $5.0B | ||
| Q2 24 | $10.5M | $4.9B | ||
| Q1 24 | $8.1M | $3.5B |
| Q4 25 | $122.5M | $4.4B | ||
| Q3 25 | $170.0M | $4.4B | ||
| Q2 25 | $103.1M | $4.4B | ||
| Q1 25 | $141.2M | $4.4B | ||
| Q4 24 | $177.6M | $4.3B | ||
| Q3 24 | $221.9M | $4.2B | ||
| Q2 24 | $196.3M | $4.2B | ||
| Q1 24 | $30.2M | $3.9B |
| Q4 25 | $283.2M | $7.4B | ||
| Q3 25 | $256.5M | $8.4B | ||
| Q2 25 | $272.2M | $7.9B | ||
| Q1 25 | $292.9M | $7.9B | ||
| Q4 24 | $211.4M | $7.8B | ||
| Q3 24 | $149.8M | $8.1B | ||
| Q2 24 | $80.4M | $7.3B | ||
| Q1 24 | $121.5M | $7.1B |
| Q4 25 | $1.1B | $109.0B | ||
| Q3 25 | $950.8M | $106.6B | ||
| Q2 25 | $790.3M | $102.3B | ||
| Q1 25 | $1.1B | $98.2B | ||
| Q4 24 | $1.0B | $95.4B | ||
| Q3 24 | $973.2M | $94.7B | ||
| Q2 24 | $909.9M | $88.8B | ||
| Q1 24 | $1.2B | $84.5B |
| Q4 25 | 0.43× | 0.59× | ||
| Q3 25 | 0.66× | 0.53× | ||
| Q2 25 | 0.38× | 0.56× | ||
| Q1 25 | 0.48× | 0.56× | ||
| Q4 24 | 0.84× | 0.56× | ||
| Q3 24 | 1.48× | 0.52× | ||
| Q2 24 | 2.44× | 0.58× | ||
| Q1 24 | 0.25× | 0.55× |
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 | $1.5B |
| 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.
| Q4 25 | $66.2M | $1.5B | ||
| Q3 25 | $-67.6M | $1.3B | ||
| Q2 25 | $52.6M | $1.9B | ||
| Q1 25 | $-41.9M | $1.1B | ||
| Q4 24 | $47.4M | $1.5B | ||
| Q3 24 | $-143.5M | $2.4B | ||
| Q2 24 | $81.7M | $1.4B | ||
| Q1 24 | $-35.8M | $1.6B |
| Q4 25 | $61.9M | — | ||
| Q3 25 | $-71.3M | — | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $-44.7M | — | ||
| Q4 24 | $44.4M | — | ||
| Q3 24 | $-147.5M | — | ||
| Q2 24 | $79.1M | — | ||
| Q1 24 | $-39.0M | — |
| Q4 25 | 10.4% | — | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | -10.7% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | -58.8% | — | ||
| Q2 24 | 41.1% | — | ||
| Q1 24 | -9.4% | — |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 2.65× | — | ||
| Q3 25 | — | 3.66× | ||
| Q2 25 | — | 6.82× | ||
| Q1 25 | -2.34× | 13.43× | ||
| Q4 24 | 1.10× | 3.32× | ||
| Q3 24 | — | 8.89× | ||
| Q2 24 | — | 4.45× | ||
| Q1 24 | — | 6.42× |
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% |
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
