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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and FULTON FINANCIAL CORP (FULT). 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 $336.2M, roughly 1.8× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 4.2%, a 24.0% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs 4.2%). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 0.2%).
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.
Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.
BNED vs FULT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $336.2M |
| Net Profit | $25.0M | $94.8M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | — |
| Net Margin | 4.2% | 28.2% |
| Revenue YoY | 6.9% | 4.2% |
| Net Profit YoY | -49.7% | 1.9% |
| EPS (diluted) | $0.72 | $0.55 |
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.
| Q1 26 | — | $336.2M | ||
| Q4 25 | $598.2M | $336.0M | ||
| Q3 25 | $274.2M | $334.6M | ||
| Q2 25 | $233.0M | $324.1M | ||
| Q1 25 | $419.7M | $318.4M | ||
| Q4 24 | $559.7M | $319.6M | ||
| Q3 24 | $250.9M | $317.7M | ||
| Q2 24 | $192.7M | $334.7M |
| Q1 26 | — | $94.8M | ||
| Q4 25 | $25.0M | $99.0M | ||
| Q3 25 | $-18.3M | $100.5M | ||
| Q2 25 | $-23.0M | $99.2M | ||
| Q1 25 | $17.9M | $93.0M | ||
| Q4 24 | $43.2M | $68.6M | ||
| Q3 24 | $-103.9M | $63.2M | ||
| Q2 24 | $-41.9M | $95.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 6.8% | 35.7% | ||
| Q3 25 | -8.4% | 38.2% | ||
| Q2 25 | -4.9% | 37.8% | ||
| Q1 25 | 4.5% | 36.1% | ||
| Q4 24 | 8.4% | 27.0% | ||
| Q3 24 | -15.4% | 25.1% | ||
| Q2 24 | -16.3% | 30.8% |
| Q1 26 | — | 28.2% | ||
| Q4 25 | 4.2% | 29.5% | ||
| Q3 25 | -6.7% | 30.0% | ||
| Q2 25 | -9.9% | 30.6% | ||
| Q1 25 | 4.3% | 29.2% | ||
| Q4 24 | 7.7% | 21.5% | ||
| Q3 24 | -41.4% | 19.9% | ||
| Q2 24 | -21.7% | 28.4% |
| Q1 26 | — | $0.55 | ||
| Q4 25 | $0.72 | $0.53 | ||
| Q3 25 | $-0.54 | $0.53 | ||
| Q2 25 | $2.97 | $0.53 | ||
| Q1 25 | $0.59 | $0.49 | ||
| Q4 24 | $1.63 | $0.36 | ||
| Q3 24 | $-7.69 | $0.33 | ||
| Q2 24 | $-15.68 | $0.52 |
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 | — |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $3.5B |
| Total Assets | $1.1B | $32.2B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | — | ||
| Q3 25 | $7.3M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $9.2M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $10.5M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $3.5B | ||
| Q4 25 | $283.2M | $3.5B | ||
| Q3 25 | $256.5M | $3.4B | ||
| Q2 25 | $272.2M | $3.3B | ||
| Q1 25 | $292.9M | $3.3B | ||
| Q4 24 | $211.4M | $3.2B | ||
| Q3 24 | $149.8M | $3.2B | ||
| Q2 24 | $80.4M | $3.1B |
| Q1 26 | — | $32.2B | ||
| Q4 25 | $1.1B | $32.1B | ||
| Q3 25 | $950.8M | $32.0B | ||
| Q2 25 | $790.3M | $32.0B | ||
| Q1 25 | $1.1B | $32.1B | ||
| Q4 24 | $1.0B | $32.1B | ||
| Q3 24 | $973.2M | $32.2B | ||
| Q2 24 | $909.9M | $31.8B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $66.2M | $304.5M | ||
| Q3 25 | $-67.6M | $116.1M | ||
| Q2 25 | $52.6M | $91.7M | ||
| Q1 25 | $-41.9M | $703.0K | ||
| Q4 24 | $47.4M | $416.6M | ||
| Q3 24 | $-143.5M | $-22.0M | ||
| Q2 24 | $81.7M | $157.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 2.65× | 3.08× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | -2.34× | 0.01× | ||
| Q4 24 | 1.10× | 6.07× | ||
| Q3 24 | — | -0.35× | ||
| Q2 24 | — | 1.66× |
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% |
FULT
Segment breakdown not available.
