vs
Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Fortive (FTV). Click either name above to swap in a different company.
Fortive is the larger business by last-quarter revenue ($1.0B vs $598.2M, roughly 1.7× Barnes & Noble Education, Inc.). Fortive runs the higher net margin — 5.4% vs 4.2%, a 1.2% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs -33.1%). Fortive produced more free cash flow last quarter ($153.1M vs $61.9M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs -19.5%).
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.
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...
BNED vs FTV — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $1.0B |
| Net Profit | $25.0M | $55.0M |
| Gross Margin | 21.7% | 63.2% |
| Operating Margin | 6.8% | 15.5% |
| Net Margin | 4.2% | 5.4% |
| Revenue YoY | 6.9% | -33.1% |
| Net Profit YoY | -49.7% | -75.2% |
| EPS (diluted) | $0.72 | $0.16 |
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 | — | ||
| Q3 25 | $274.2M | $1.0B | ||
| Q2 25 | $233.0M | $1.5B | ||
| Q1 25 | $419.7M | $1.5B | ||
| Q4 24 | $559.7M | $1.6B | ||
| Q3 24 | $250.9M | $1.5B | ||
| Q2 24 | $192.7M | $1.6B | ||
| Q1 24 | $415.4M | $1.5B |
| Q4 25 | $25.0M | — | ||
| Q3 25 | $-18.3M | $55.0M | ||
| Q2 25 | $-23.0M | $166.6M | ||
| Q1 25 | $17.9M | $171.9M | ||
| Q4 24 | $43.2M | $208.8M | ||
| Q3 24 | $-103.9M | $221.6M | ||
| Q2 24 | $-41.9M | $195.1M | ||
| Q1 24 | $-9.3M | $207.4M |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 20.2% | 63.2% | ||
| Q2 25 | 30.3% | 59.0% | ||
| Q1 25 | 22.3% | 59.8% | ||
| Q4 24 | 23.0% | 60.3% | ||
| Q3 24 | 17.9% | 60.0% | ||
| Q2 24 | 28.7% | 59.8% | ||
| Q1 24 | 24.2% | 59.3% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -8.4% | 15.5% | ||
| Q2 25 | -4.9% | 14.6% | ||
| Q1 25 | 4.5% | 15.8% | ||
| Q4 24 | 8.4% | 19.0% | ||
| Q3 24 | -15.4% | 19.3% | ||
| Q2 24 | -16.3% | 19.4% | ||
| Q1 24 | 0.4% | 19.8% |
| Q4 25 | 4.2% | — | ||
| Q3 25 | -6.7% | 5.4% | ||
| Q2 25 | -9.9% | 11.0% | ||
| Q1 25 | 4.3% | 11.7% | ||
| Q4 24 | 7.7% | 12.9% | ||
| Q3 24 | -41.4% | 14.4% | ||
| Q2 24 | -21.7% | 12.6% | ||
| Q1 24 | -2.2% | 13.6% |
| Q4 25 | $0.72 | — | ||
| Q3 25 | $-0.54 | $0.16 | ||
| Q2 25 | $2.97 | $0.49 | ||
| Q1 25 | $0.59 | $0.50 | ||
| Q4 24 | $1.63 | $0.60 | ||
| Q3 24 | $-7.69 | $0.63 | ||
| Q2 24 | $-15.68 | $0.55 | ||
| Q1 24 | $-3.49 | $0.58 |
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 | $430.8M |
| Total DebtLower is stronger | $122.5M | $3.3B |
| Stockholders' EquityBook value | $283.2M | $6.5B |
| Total Assets | $1.1B | $11.9B |
| Debt / EquityLower = less leverage | 0.43× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | — | ||
| Q3 25 | $7.3M | $430.8M | ||
| Q2 25 | $9.1M | $1.8B | ||
| Q1 25 | $9.2M | $892.1M | ||
| Q4 24 | $11.6M | $813.3M | ||
| Q3 24 | $8.2M | $811.3M | ||
| Q2 24 | $10.5M | $644.1M | ||
| Q1 24 | $8.1M | $704.6M |
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | $3.3B | ||
| Q2 25 | $103.1M | $4.8B | ||
| Q1 25 | $141.2M | $3.9B | ||
| Q4 24 | $177.6M | $3.7B | ||
| Q3 24 | $221.9M | $3.9B | ||
| Q2 24 | $196.3M | $3.8B | ||
| Q1 24 | $30.2M | $3.9B |
| Q4 25 | $283.2M | — | ||
| Q3 25 | $256.5M | $6.5B | ||
| Q2 25 | $272.2M | $10.4B | ||
| Q1 25 | $292.9M | $10.2B | ||
| Q4 24 | $211.4M | $10.2B | ||
| Q3 24 | $149.8M | $10.6B | ||
| Q2 24 | $80.4M | $10.5B | ||
| Q1 24 | $121.5M | $10.5B |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $950.8M | $11.9B | ||
| Q2 25 | $790.3M | $18.2B | ||
| Q1 25 | $1.1B | $17.1B | ||
| Q4 24 | $1.0B | $17.0B | ||
| Q3 24 | $973.2M | $17.5B | ||
| Q2 24 | $909.9M | $17.3B | ||
| Q1 24 | $1.2B | $17.5B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | 0.51× | ||
| Q2 25 | 0.38× | 0.46× | ||
| Q1 25 | 0.48× | 0.38× | ||
| Q4 24 | 0.84× | 0.36× | ||
| Q3 24 | 1.48× | 0.37× | ||
| Q2 24 | 2.44× | 0.36× | ||
| Q1 24 | 0.25× | 0.38× |
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 | $164.4M |
| Free Cash FlowOCF − Capex | $61.9M | $153.1M |
| FCF MarginFCF / Revenue | 10.4% | 14.9% |
| Capex IntensityCapex / Revenue | 0.7% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.65× | 2.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | — | ||
| Q3 25 | $-67.6M | $164.4M | ||
| Q2 25 | $52.6M | $311.2M | ||
| Q1 25 | $-41.9M | $241.7M | ||
| Q4 24 | $47.4M | $502.2M | ||
| Q3 24 | $-143.5M | $459.0M | ||
| Q2 24 | $81.7M | $308.9M | ||
| Q1 24 | $-35.8M | $256.7M |
| Q4 25 | $61.9M | — | ||
| Q3 25 | $-71.3M | $153.1M | ||
| Q2 25 | $49.5M | $274.5M | ||
| Q1 25 | $-44.7M | $215.0M | ||
| Q4 24 | $44.4M | $465.2M | ||
| Q3 24 | $-147.5M | $431.2M | ||
| Q2 24 | $79.1M | $279.7M | ||
| Q1 24 | $-39.0M | $230.3M |
| Q4 25 | 10.4% | — | ||
| Q3 25 | -26.0% | 14.9% | ||
| Q2 25 | 21.3% | 18.1% | ||
| Q1 25 | -10.7% | 14.6% | ||
| Q4 24 | 7.9% | 28.7% | ||
| Q3 24 | -58.8% | 28.1% | ||
| Q2 24 | 41.1% | 18.0% | ||
| Q1 24 | -9.4% | 15.1% |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | 1.1% | ||
| Q2 25 | 1.3% | 2.4% | ||
| Q1 25 | 0.7% | 1.8% | ||
| Q4 24 | 0.5% | 2.3% | ||
| Q3 24 | 1.6% | 1.8% | ||
| Q2 24 | 1.4% | 1.9% | ||
| Q1 24 | 0.8% | 1.7% |
| Q4 25 | 2.65× | — | ||
| Q3 25 | — | 2.99× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | -2.34× | 1.41× | ||
| Q4 24 | 1.10× | 2.41× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | — | 1.58× | ||
| Q1 24 | — | 1.24× |
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% |
FTV
| Advanced Healthcare Solutions | $328.3M | 32% |
| Industrial Manufacturing | $287.9M | 28% |
| Energy And Infrastructure | $166.7M | 16% |
| Government | $88.0M | 9% |
| Retail | $82.7M | 8% |
| Other Direct End Markets | $79.6M | 8% |
