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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Installed Building Products, Inc. is the larger business by last-quarter revenue ($747.5M vs $598.2M, roughly 1.2× Barnes & Noble Education, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 4.2%, a 6.1% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs -0.4%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $49.3M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 3.9%).
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.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
BNED vs IBP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $747.5M |
| Net Profit | $25.0M | $76.6M |
| Gross Margin | 21.7% | 35.0% |
| Operating Margin | 6.8% | 14.6% |
| Net Margin | 4.2% | 10.2% |
| Revenue YoY | 6.9% | -0.4% |
| Net Profit YoY | -49.7% | 14.5% |
| EPS (diluted) | $0.72 | $2.81 |
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 | $747.5M | ||
| Q3 25 | $274.2M | $778.2M | ||
| Q2 25 | $233.0M | $760.3M | ||
| Q1 25 | $419.7M | $684.8M | ||
| Q4 24 | $559.7M | $750.2M | ||
| Q3 24 | $250.9M | $760.6M | ||
| Q2 24 | $192.7M | $737.6M | ||
| Q1 24 | $415.4M | $692.9M |
| Q4 25 | $25.0M | $76.6M | ||
| Q3 25 | $-18.3M | $74.4M | ||
| Q2 25 | $-23.0M | $69.0M | ||
| Q1 25 | $17.9M | $45.4M | ||
| Q4 24 | $43.2M | $66.9M | ||
| Q3 24 | $-103.9M | $68.6M | ||
| Q2 24 | $-41.9M | $65.2M | ||
| Q1 24 | $-9.3M | $55.9M |
| Q4 25 | 21.7% | 35.0% | ||
| Q3 25 | 20.2% | 34.0% | ||
| Q2 25 | 30.3% | 34.2% | ||
| Q1 25 | 22.3% | 32.7% | ||
| Q4 24 | 23.0% | 33.6% | ||
| Q3 24 | 17.9% | 33.8% | ||
| Q2 24 | 28.7% | 34.1% | ||
| Q1 24 | 24.2% | 33.8% |
| Q4 25 | 6.8% | 14.6% | ||
| Q3 25 | -8.4% | 13.7% | ||
| Q2 25 | -4.9% | 13.3% | ||
| Q1 25 | 4.5% | 10.2% | ||
| Q4 24 | 8.4% | 13.1% | ||
| Q3 24 | -15.4% | 13.3% | ||
| Q2 24 | -16.3% | 12.9% | ||
| Q1 24 | 0.4% | 12.7% |
| Q4 25 | 4.2% | 10.2% | ||
| Q3 25 | -6.7% | 9.6% | ||
| Q2 25 | -9.9% | 9.1% | ||
| Q1 25 | 4.3% | 6.6% | ||
| Q4 24 | 7.7% | 8.9% | ||
| Q3 24 | -41.4% | 9.0% | ||
| Q2 24 | -21.7% | 8.8% | ||
| Q1 24 | -2.2% | 8.1% |
| Q4 25 | $0.72 | $2.81 | ||
| Q3 25 | $-0.54 | $2.74 | ||
| Q2 25 | $2.97 | $2.52 | ||
| Q1 25 | $0.59 | $1.64 | ||
| Q4 24 | $1.63 | $2.39 | ||
| Q3 24 | $-7.69 | $2.44 | ||
| Q2 24 | $-15.68 | $2.30 | ||
| Q1 24 | $-3.49 | $1.97 |
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 | $321.9M |
| Total DebtLower is stronger | $122.5M | $886.6M |
| Stockholders' EquityBook value | $283.2M | $709.9M |
| Total Assets | $1.1B | $2.1B |
| Debt / EquityLower = less leverage | 0.43× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $321.9M | ||
| Q3 25 | $7.3M | $333.3M | ||
| Q2 25 | $9.1M | $305.2M | ||
| Q1 25 | $9.2M | $298.7M | ||
| Q4 24 | $11.6M | $327.6M | ||
| Q3 24 | $8.2M | $406.2M | ||
| Q2 24 | $10.5M | $380.3M | ||
| Q1 24 | $8.1M | $399.9M |
| Q4 25 | $122.5M | $886.6M | ||
| Q3 25 | $170.0M | $880.8M | ||
| Q2 25 | $103.1M | $876.1M | ||
| Q1 25 | $141.2M | $872.4M | ||
| Q4 24 | $177.6M | $874.8M | ||
| Q3 24 | $221.9M | $872.3M | ||
| Q2 24 | $196.3M | $875.8M | ||
| Q1 24 | $30.2M | $875.0M |
| Q4 25 | $283.2M | $709.9M | ||
| Q3 25 | $256.5M | $678.6M | ||
| Q2 25 | $272.2M | $664.5M | ||
| Q1 25 | $292.9M | $660.9M | ||
| Q4 24 | $211.4M | $705.3M | ||
| Q3 24 | $149.8M | $716.4M | ||
| Q2 24 | $80.4M | $685.3M | ||
| Q1 24 | $121.5M | $679.2M |
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $950.8M | $2.1B | ||
| Q2 25 | $790.3M | $2.0B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $973.2M | $2.1B | ||
| Q2 24 | $909.9M | $2.0B | ||
| Q1 24 | $1.2B | $2.0B |
| Q4 25 | 0.43× | 1.25× | ||
| Q3 25 | 0.66× | 1.30× | ||
| Q2 25 | 0.38× | 1.32× | ||
| Q1 25 | 0.48× | 1.32× | ||
| Q4 24 | 0.84× | 1.24× | ||
| Q3 24 | 1.48× | 1.22× | ||
| Q2 24 | 2.44× | 1.28× | ||
| Q1 24 | 0.25× | 1.29× |
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 | $64.9M |
| Free Cash FlowOCF − Capex | $61.9M | $49.3M |
| FCF MarginFCF / Revenue | 10.4% | 6.6% |
| Capex IntensityCapex / Revenue | 0.7% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.65× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $64.9M | ||
| Q3 25 | $-67.6M | $124.0M | ||
| Q2 25 | $52.6M | $90.4M | ||
| Q1 25 | $-41.9M | $92.1M | ||
| Q4 24 | $47.4M | $74.8M | ||
| Q3 24 | $-143.5M | $101.4M | ||
| Q2 24 | $81.7M | $79.0M | ||
| Q1 24 | $-35.8M | $84.8M |
| Q4 25 | $61.9M | $49.3M | ||
| Q3 25 | $-71.3M | $104.8M | ||
| Q2 25 | $49.5M | $74.8M | ||
| Q1 25 | $-44.7M | $71.9M | ||
| Q4 24 | $44.4M | $52.9M | ||
| Q3 24 | $-147.5M | $77.3M | ||
| Q2 24 | $79.1M | $58.2M | ||
| Q1 24 | $-39.0M | $63.0M |
| Q4 25 | 10.4% | 6.6% | ||
| Q3 25 | -26.0% | 13.5% | ||
| Q2 25 | 21.3% | 9.8% | ||
| Q1 25 | -10.7% | 10.5% | ||
| Q4 24 | 7.9% | 7.1% | ||
| Q3 24 | -58.8% | 10.2% | ||
| Q2 24 | 41.1% | 7.9% | ||
| Q1 24 | -9.4% | 9.1% |
| Q4 25 | 0.7% | 2.1% | ||
| Q3 25 | 1.4% | 2.5% | ||
| Q2 25 | 1.3% | 2.1% | ||
| Q1 25 | 0.7% | 2.9% | ||
| Q4 24 | 0.5% | 2.9% | ||
| Q3 24 | 1.6% | 3.2% | ||
| Q2 24 | 1.4% | 2.8% | ||
| Q1 24 | 0.8% | 3.1% |
| Q4 25 | 2.65× | 0.85× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | -2.34× | 2.03× | ||
| Q4 24 | 1.10× | 1.12× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
