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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $598.2M, roughly 1.6× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs 2.0%, a 2.2% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 6.9%). LCI INDUSTRIES produced more free cash flow last quarter ($64.3M vs $61.9M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
BNED vs LCII — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $932.7M |
| Net Profit | $25.0M | $18.7M |
| Gross Margin | 21.7% | 22.1% |
| Operating Margin | 6.8% | 3.8% |
| Net Margin | 4.2% | 2.0% |
| Revenue YoY | 6.9% | 16.1% |
| Net Profit YoY | -49.7% | 95.7% |
| EPS (diluted) | $0.72 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $274.2M | $1.0B | ||
| Q2 25 | $233.0M | $1.1B | ||
| Q1 25 | $419.7M | $1.0B | ||
| Q4 24 | $559.7M | $803.1M | ||
| Q3 24 | $250.9M | $915.5M | ||
| Q2 24 | $192.7M | $1.1B | ||
| Q1 24 | $415.4M | $968.0M |
| Q4 25 | $25.0M | $18.7M | ||
| Q3 25 | $-18.3M | $62.5M | ||
| Q2 25 | $-23.0M | $57.6M | ||
| Q1 25 | $17.9M | $49.4M | ||
| Q4 24 | $43.2M | $9.5M | ||
| Q3 24 | $-103.9M | $35.6M | ||
| Q2 24 | $-41.9M | $61.2M | ||
| Q1 24 | $-9.3M | $36.5M |
| Q4 25 | 21.7% | 22.1% | ||
| Q3 25 | 20.2% | 24.4% | ||
| Q2 25 | 30.3% | 24.4% | ||
| Q1 25 | 22.3% | 24.1% | ||
| Q4 24 | 23.0% | 21.1% | ||
| Q3 24 | 17.9% | 24.0% | ||
| Q2 24 | 28.7% | 25.3% | ||
| Q1 24 | 24.2% | 23.1% |
| Q4 25 | 6.8% | 3.8% | ||
| Q3 25 | -8.4% | 7.3% | ||
| Q2 25 | -4.9% | 7.9% | ||
| Q1 25 | 4.5% | 7.8% | ||
| Q4 24 | 8.4% | 2.0% | ||
| Q3 24 | -15.4% | 5.9% | ||
| Q2 24 | -16.3% | 8.6% | ||
| Q1 24 | 0.4% | 6.0% |
| Q4 25 | 4.2% | 2.0% | ||
| Q3 25 | -6.7% | 6.0% | ||
| Q2 25 | -9.9% | 5.2% | ||
| Q1 25 | 4.3% | 4.7% | ||
| Q4 24 | 7.7% | 1.2% | ||
| Q3 24 | -41.4% | 3.9% | ||
| Q2 24 | -21.7% | 5.8% | ||
| Q1 24 | -2.2% | 3.8% |
| Q4 25 | $0.72 | $0.79 | ||
| Q3 25 | $-0.54 | $2.55 | ||
| Q2 25 | $2.97 | $2.29 | ||
| Q1 25 | $0.59 | $1.94 | ||
| Q4 24 | $1.63 | $0.37 | ||
| Q3 24 | $-7.69 | $1.39 | ||
| Q2 24 | $-15.68 | $2.40 | ||
| Q1 24 | $-3.49 | $1.44 |
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 | $222.6M |
| Total DebtLower is stronger | $122.5M | $945.2M |
| Stockholders' EquityBook value | $283.2M | $1.4B |
| Total Assets | $1.1B | $3.2B |
| Debt / EquityLower = less leverage | 0.43× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $222.6M | ||
| Q3 25 | $7.3M | $199.7M | ||
| Q2 25 | $9.1M | $191.9M | ||
| Q1 25 | $9.2M | $231.2M | ||
| Q4 24 | $11.6M | $165.8M | ||
| Q3 24 | $8.2M | $161.2M | ||
| Q2 24 | $10.5M | $130.4M | ||
| Q1 24 | $8.1M | $22.6M |
| Q4 25 | $122.5M | $945.2M | ||
| Q3 25 | $170.0M | $947.8M | ||
| Q2 25 | $103.1M | $948.0M | ||
| Q1 25 | $141.2M | $938.3M | ||
| Q4 24 | $177.6M | $757.3M | ||
| Q3 24 | $221.9M | $822.5M | ||
| Q2 24 | $196.3M | $829.7M | ||
| Q1 24 | $30.2M | $855.3M |
| Q4 25 | $283.2M | $1.4B | ||
| Q3 25 | $256.5M | $1.4B | ||
| Q2 25 | $272.2M | $1.4B | ||
| Q1 25 | $292.9M | $1.4B | ||
| Q4 24 | $211.4M | $1.4B | ||
| Q3 24 | $149.8M | $1.4B | ||
| Q2 24 | $80.4M | $1.4B | ||
| Q1 24 | $121.5M | $1.4B |
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $950.8M | $3.2B | ||
| Q2 25 | $790.3M | $3.2B | ||
| Q1 25 | $1.1B | $3.1B | ||
| Q4 24 | $1.0B | $2.9B | ||
| Q3 24 | $973.2M | $3.0B | ||
| Q2 24 | $909.9M | $3.0B | ||
| Q1 24 | $1.2B | $3.0B |
| Q4 25 | 0.43× | 0.69× | ||
| Q3 25 | 0.66× | 0.70× | ||
| Q2 25 | 0.38× | 0.68× | ||
| Q1 25 | 0.48× | 0.69× | ||
| Q4 24 | 0.84× | 0.55× | ||
| Q3 24 | 1.48× | 0.58× | ||
| Q2 24 | 2.44× | 0.60× | ||
| Q1 24 | 0.25× | 0.63× |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $61.9M | $64.3M |
| FCF MarginFCF / Revenue | 10.4% | 6.9% |
| Capex IntensityCapex / Revenue | 0.7% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.65× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $78.9M | ||
| Q3 25 | $-67.6M | $97.2M | ||
| Q2 25 | $52.6M | $112.2M | ||
| Q1 25 | $-41.9M | $42.7M | ||
| Q4 24 | $47.4M | $106.6M | ||
| Q3 24 | $-143.5M | $78.4M | ||
| Q2 24 | $81.7M | $192.9M | ||
| Q1 24 | $-35.8M | $-7.7M |
| Q4 25 | $61.9M | $64.3M | ||
| Q3 25 | $-71.3M | $80.9M | ||
| Q2 25 | $49.5M | $99.5M | ||
| Q1 25 | $-44.7M | $33.7M | ||
| Q4 24 | $44.4M | $95.7M | ||
| Q3 24 | $-147.5M | $68.3M | ||
| Q2 24 | $79.1M | $180.2M | ||
| Q1 24 | $-39.0M | $-16.3M |
| Q4 25 | 10.4% | 6.9% | ||
| Q3 25 | -26.0% | 7.8% | ||
| Q2 25 | 21.3% | 9.0% | ||
| Q1 25 | -10.7% | 3.2% | ||
| Q4 24 | 7.9% | 11.9% | ||
| Q3 24 | -58.8% | 7.5% | ||
| Q2 24 | 41.1% | 17.1% | ||
| Q1 24 | -9.4% | -1.7% |
| Q4 25 | 0.7% | 1.6% | ||
| Q3 25 | 1.4% | 1.6% | ||
| Q2 25 | 1.3% | 1.2% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 1.6% | 1.1% | ||
| Q2 24 | 1.4% | 1.2% | ||
| Q1 24 | 0.8% | 0.9% |
| Q4 25 | 2.65× | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | -2.34× | 0.86× | ||
| Q4 24 | 1.10× | 11.17× | ||
| Q3 24 | — | 2.20× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
