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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $598.2M, roughly 1.3× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs -4.3%, a 8.5% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 6.9%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 20.0%).
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.
BNED vs MAGN — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $792.0M |
| Net Profit | $25.0M | $-34.0M |
| Gross Margin | 21.7% | 12.2% |
| Operating Margin | 6.8% | 1.8% |
| Net Margin | 4.2% | -4.3% |
| Revenue YoY | 6.9% | 12.8% |
| Net Profit YoY | -49.7% | 43.3% |
| EPS (diluted) | $0.72 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $274.2M | — | ||
| Q2 25 | $233.0M | $839.0M | ||
| Q1 25 | $419.7M | $824.0M | ||
| Q4 24 | $559.7M | $702.0M | ||
| Q3 24 | $250.9M | $332.1M | ||
| Q2 24 | $192.7M | $556.0M | ||
| Q1 24 | $415.4M | $558.0M |
| Q4 25 | $25.0M | $-34.0M | ||
| Q3 25 | $-18.3M | — | ||
| Q2 25 | $-23.0M | $-18.0M | ||
| Q1 25 | $17.9M | $-41.0M | ||
| Q4 24 | $43.2M | $-60.0M | ||
| Q3 24 | $-103.9M | $-15.2M | ||
| Q2 24 | $-41.9M | $19.0M | ||
| Q1 24 | $-9.3M | $14.0M |
| Q4 25 | 21.7% | 12.2% | ||
| Q3 25 | 20.2% | — | ||
| Q2 25 | 30.3% | 10.7% | ||
| Q1 25 | 22.3% | 10.7% | ||
| Q4 24 | 23.0% | 10.1% | ||
| Q3 24 | 17.9% | 10.7% | ||
| Q2 24 | 28.7% | 6.6% | ||
| Q1 24 | 24.2% | 6.2% |
| Q4 25 | 6.8% | 1.8% | ||
| Q3 25 | -8.4% | — | ||
| Q2 25 | -4.9% | 1.5% | ||
| Q1 25 | 4.5% | 0.5% | ||
| Q4 24 | 8.4% | -3.1% | ||
| Q3 24 | -15.4% | 0.9% | ||
| Q2 24 | -16.3% | 3.1% | ||
| Q1 24 | 0.4% | 3.8% |
| Q4 25 | 4.2% | -4.3% | ||
| Q3 25 | -6.7% | — | ||
| Q2 25 | -9.9% | -2.1% | ||
| Q1 25 | 4.3% | -5.0% | ||
| Q4 24 | 7.7% | -8.5% | ||
| Q3 24 | -41.4% | -4.6% | ||
| Q2 24 | -21.7% | 3.4% | ||
| Q1 24 | -2.2% | 2.5% |
| Q4 25 | $0.72 | $-0.95 | ||
| Q3 25 | $-0.54 | — | ||
| Q2 25 | $2.97 | $-0.51 | ||
| Q1 25 | $0.59 | $-1.15 | ||
| Q4 24 | $1.63 | $-1.69 | ||
| Q3 24 | $-7.69 | $-0.33 | ||
| Q2 24 | $-15.68 | $0.60 | ||
| Q1 24 | $-3.49 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | $122.5M | $1.9B |
| Stockholders' EquityBook value | $283.2M | $1.0B |
| Total Assets | $1.1B | $3.9B |
| Debt / EquityLower = less leverage | 0.43× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $264.0M | ||
| Q3 25 | $7.3M | — | ||
| Q2 25 | $9.1M | $276.0M | ||
| Q1 25 | $9.2M | $282.0M | ||
| Q4 24 | $11.6M | $215.0M | ||
| Q3 24 | $8.2M | $230.0M | ||
| Q2 24 | $10.5M | $33.9M | ||
| Q1 24 | $8.1M | $30.2M |
| Q4 25 | $122.5M | $1.9B | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | $2.0B | ||
| Q1 25 | $141.2M | $2.0B | ||
| Q4 24 | $177.6M | $2.0B | ||
| Q3 24 | $221.9M | $2.0B | ||
| Q2 24 | $196.3M | $877.4M | ||
| Q1 24 | $30.2M | $884.7M |
| Q4 25 | $283.2M | $1.0B | ||
| Q3 25 | $256.5M | — | ||
| Q2 25 | $272.2M | $1.1B | ||
| Q1 25 | $292.9M | $1.1B | ||
| Q4 24 | $211.4M | $1.1B | ||
| Q3 24 | $149.8M | $2.1B | ||
| Q2 24 | $80.4M | $2.4B | ||
| Q1 24 | $121.5M | $2.4B |
| Q4 25 | $1.1B | $3.9B | ||
| Q3 25 | $950.8M | — | ||
| Q2 25 | $790.3M | $4.1B | ||
| Q1 25 | $1.1B | $4.1B | ||
| Q4 24 | $1.0B | $4.0B | ||
| Q3 24 | $973.2M | $2.8B | ||
| Q2 24 | $909.9M | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
| Q4 25 | 0.43× | 1.86× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | 1.77× | ||
| Q1 25 | 0.48× | 1.83× | ||
| Q4 24 | 0.84× | 1.80× | ||
| Q3 24 | 1.48× | 0.91× | ||
| Q2 24 | 2.44× | 0.37× | ||
| Q1 24 | 0.25× | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $61.9M | $-13.0M |
| FCF MarginFCF / Revenue | 10.4% | -1.6% |
| Capex IntensityCapex / Revenue | 0.7% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $2.0M | ||
| Q3 25 | $-67.6M | — | ||
| Q2 25 | $52.6M | $0 | ||
| Q1 25 | $-41.9M | $65.0M | ||
| Q4 24 | $47.4M | $-58.0M | ||
| Q3 24 | $-143.5M | $12.2M | ||
| Q2 24 | $81.7M | $38.0M | ||
| Q1 24 | $-35.8M | $20.0M |
| Q4 25 | $61.9M | $-13.0M | ||
| Q3 25 | $-71.3M | — | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $-44.7M | $42.0M | ||
| Q4 24 | $44.4M | $-74.0M | ||
| Q3 24 | $-147.5M | $3.6M | ||
| Q2 24 | $79.1M | $23.0M | ||
| Q1 24 | $-39.0M | $12.5M |
| Q4 25 | 10.4% | -1.6% | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | -10.7% | 5.1% | ||
| Q4 24 | 7.9% | -10.5% | ||
| Q3 24 | -58.8% | 1.1% | ||
| Q2 24 | 41.1% | 4.1% | ||
| Q1 24 | -9.4% | 2.2% |
| Q4 25 | 0.7% | 1.9% | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.3% | 1.5% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | 0.5% | 2.3% | ||
| Q3 24 | 1.6% | 2.6% | ||
| Q2 24 | 1.4% | 2.7% | ||
| Q1 24 | 0.8% | 1.3% |
| Q4 25 | 2.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -2.34× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× | ||
| Q1 24 | — | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
