vs
Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $598.2M, roughly 2.0× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs 3.4%, a 0.8% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs 1.6%). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs -2.2%).
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.
Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, ...
BNED vs LSTR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $1.2B |
| Net Profit | $25.0M | $39.4M |
| Gross Margin | 21.7% | 9.6% |
| Operating Margin | 6.8% | 4.5% |
| Net Margin | 4.2% | 3.4% |
| Revenue YoY | 6.9% | 1.6% |
| Net Profit YoY | -49.7% | 32.3% |
| EPS (diluted) | $0.72 | $1.16 |
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.
| Q1 26 | — | $1.2B | ||
| Q4 25 | $598.2M | $1.2B | ||
| Q3 25 | $274.2M | $1.2B | ||
| Q2 25 | $233.0M | $1.2B | ||
| Q1 25 | $419.7M | $1.2B | ||
| Q4 24 | $559.7M | $1.2B | ||
| Q3 24 | $250.9M | $1.2B | ||
| Q2 24 | $192.7M | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | $25.0M | $23.9M | ||
| Q3 25 | $-18.3M | $19.4M | ||
| Q2 25 | $-23.0M | $41.9M | ||
| Q1 25 | $17.9M | $29.8M | ||
| Q4 24 | $43.2M | $46.2M | ||
| Q3 24 | $-103.9M | $50.0M | ||
| Q2 24 | $-41.9M | $52.6M |
| Q1 26 | — | 9.6% | ||
| 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 | — | 4.5% | ||
| Q4 25 | 6.8% | 2.5% | ||
| Q3 25 | -8.4% | 2.2% | ||
| Q2 25 | -4.9% | 4.6% | ||
| Q1 25 | 4.5% | 3.4% | ||
| Q4 24 | 8.4% | 4.8% | ||
| Q3 24 | -15.4% | 5.2% | ||
| Q2 24 | -16.3% | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | 4.2% | 2.0% | ||
| Q3 25 | -6.7% | 1.6% | ||
| Q2 25 | -9.9% | 3.5% | ||
| Q1 25 | 4.3% | 2.6% | ||
| Q4 24 | 7.7% | 3.8% | ||
| Q3 24 | -41.4% | 4.1% | ||
| Q2 24 | -21.7% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $0.72 | $0.70 | ||
| Q3 25 | $-0.54 | $0.56 | ||
| Q2 25 | $2.97 | $1.20 | ||
| Q1 25 | $0.59 | $0.85 | ||
| Q4 24 | $1.63 | $1.30 | ||
| Q3 24 | $-7.69 | $1.41 | ||
| Q2 24 | $-15.68 | $1.48 |
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 | $411.0M |
| Total DebtLower is stronger | $122.5M | $26.1M |
| Stockholders' EquityBook value | $283.2M | $799.0M |
| Total Assets | $1.1B | $1.6B |
| Debt / EquityLower = less leverage | 0.43× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $411.0M | ||
| Q4 25 | $11.7M | $452.2M | ||
| Q3 25 | $7.3M | $434.4M | ||
| Q2 25 | $9.1M | $426.2M | ||
| Q1 25 | $9.2M | $473.4M | ||
| Q4 24 | $11.6M | $566.6M | ||
| Q3 24 | $8.2M | $531.3M | ||
| Q2 24 | $10.5M | $504.0M |
| Q1 26 | — | $26.1M | ||
| Q4 25 | $122.5M | $0 | ||
| Q3 25 | $170.0M | $0 | ||
| Q2 25 | $103.1M | $0 | ||
| Q1 25 | $141.2M | $0 | ||
| Q4 24 | $177.6M | $0 | ||
| Q3 24 | $221.9M | $0 | ||
| Q2 24 | $196.3M | $0 |
| Q1 26 | — | $799.0M | ||
| Q4 25 | $283.2M | $795.7M | ||
| Q3 25 | $256.5M | $888.7M | ||
| Q2 25 | $272.2M | $921.8M | ||
| Q1 25 | $292.9M | $930.8M | ||
| Q4 24 | $211.4M | $972.4M | ||
| Q3 24 | $149.8M | $1.0B | ||
| Q2 24 | $80.4M | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $950.8M | $1.7B | ||
| Q2 25 | $790.3M | $1.7B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $973.2M | $1.8B | ||
| Q2 24 | $909.9M | $1.8B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | 0.43× | 0.00× | ||
| Q3 25 | 0.66× | 0.00× | ||
| Q2 25 | 0.38× | 0.00× | ||
| Q1 25 | 0.48× | 0.00× | ||
| Q4 24 | 0.84× | 0.00× | ||
| Q3 24 | 1.48× | 0.00× | ||
| Q2 24 | 2.44× | 0.00× |
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 | $72.7M | ||
| Q3 25 | $-67.6M | $89.3M | ||
| Q2 25 | $52.6M | $7.1M | ||
| Q1 25 | $-41.9M | $55.7M | ||
| Q4 24 | $47.4M | $61.1M | ||
| Q3 24 | $-143.5M | $83.1M | ||
| Q2 24 | $81.7M | $48.1M |
| Q1 26 | — | — | ||
| Q4 25 | $61.9M | $70.5M | ||
| Q3 25 | $-71.3M | $86.0M | ||
| Q2 25 | $49.5M | $4.7M | ||
| Q1 25 | $-44.7M | $53.8M | ||
| Q4 24 | $44.4M | $54.4M | ||
| Q3 24 | $-147.5M | $75.6M | ||
| Q2 24 | $79.1M | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 6.0% | ||
| Q3 25 | -26.0% | 7.1% | ||
| Q2 25 | 21.3% | 0.4% | ||
| Q1 25 | -10.7% | 4.7% | ||
| Q4 24 | 7.9% | 4.5% | ||
| Q3 24 | -58.8% | 6.2% | ||
| Q2 24 | 41.1% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 0.2% | ||
| Q3 25 | 1.4% | 0.3% | ||
| Q2 25 | 1.3% | 0.2% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 0.5% | 0.6% | ||
| Q3 24 | 1.6% | 0.6% | ||
| Q2 24 | 1.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | 3.04× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | -2.34× | 1.87× | ||
| Q4 24 | 1.10× | 1.32× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 0.91× |
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% |
LSTR
Segment breakdown not available.
