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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Navios Maritime Partners L.P. (NMM). 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 $327.6M, roughly 1.8× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 4.2%, a 17.2% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs -4.3%).

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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

BNED vs NMM — Head-to-Head

Bigger by revenue
BNED
BNED
1.8× larger
BNED
$598.2M
$327.6M
NMM
Growing faster (revenue YoY)
BNED
BNED
+11.2% gap
BNED
6.9%
-4.3%
NMM
Higher net margin
NMM
NMM
17.2% more per $
NMM
21.4%
4.2%
BNED

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
BNED
BNED
NMM
NMM
Revenue
$598.2M
$327.6M
Net Profit
$25.0M
$69.9M
Gross Margin
21.7%
90.5%
Operating Margin
6.8%
Net Margin
4.2%
21.4%
Revenue YoY
6.9%
-4.3%
Net Profit YoY
-49.7%
-31.1%
EPS (diluted)
$0.72

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.

Revenue
BNED
BNED
NMM
NMM
Q4 25
$598.2M
Q3 25
$274.2M
Q2 25
$233.0M
$327.6M
Q1 25
$419.7M
Q4 24
$559.7M
Q3 24
$250.9M
Q2 24
$192.7M
$342.2M
Q1 24
$415.4M
Net Profit
BNED
BNED
NMM
NMM
Q4 25
$25.0M
Q3 25
$-18.3M
Q2 25
$-23.0M
$69.9M
Q1 25
$17.9M
Q4 24
$43.2M
Q3 24
$-103.9M
Q2 24
$-41.9M
$101.5M
Q1 24
$-9.3M
Gross Margin
BNED
BNED
NMM
NMM
Q4 25
21.7%
Q3 25
20.2%
Q2 25
30.3%
90.5%
Q1 25
22.3%
Q4 24
23.0%
Q3 24
17.9%
Q2 24
28.7%
88.3%
Q1 24
24.2%
Operating Margin
BNED
BNED
NMM
NMM
Q4 25
6.8%
Q3 25
-8.4%
Q2 25
-4.9%
Q1 25
4.5%
Q4 24
8.4%
Q3 24
-15.4%
Q2 24
-16.3%
Q1 24
0.4%
Net Margin
BNED
BNED
NMM
NMM
Q4 25
4.2%
Q3 25
-6.7%
Q2 25
-9.9%
21.4%
Q1 25
4.3%
Q4 24
7.7%
Q3 24
-41.4%
Q2 24
-21.7%
29.7%
Q1 24
-2.2%
EPS (diluted)
BNED
BNED
NMM
NMM
Q4 25
$0.72
Q3 25
$-0.54
Q2 25
$2.97
Q1 25
$0.59
Q4 24
$1.63
Q3 24
$-7.69
Q2 24
$-15.68
Q1 24
$-3.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNED
BNED
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$11.7M
$377.0M
Total DebtLower is stronger
$122.5M
$2.0B
Stockholders' EquityBook value
$283.2M
Total Assets
$1.1B
$5.9B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNED
BNED
NMM
NMM
Q4 25
$11.7M
Q3 25
$7.3M
Q2 25
$9.1M
$377.0M
Q1 25
$9.2M
Q4 24
$11.6M
Q3 24
$8.2M
Q2 24
$10.5M
$272.0M
Q1 24
$8.1M
Total Debt
BNED
BNED
NMM
NMM
Q4 25
$122.5M
Q3 25
$170.0M
Q2 25
$103.1M
$2.0B
Q1 25
$141.2M
Q4 24
$177.6M
Q3 24
$221.9M
Q2 24
$196.3M
$1.4B
Q1 24
$30.2M
Stockholders' Equity
BNED
BNED
NMM
NMM
Q4 25
$283.2M
Q3 25
$256.5M
Q2 25
$272.2M
Q1 25
$292.9M
Q4 24
$211.4M
Q3 24
$149.8M
Q2 24
$80.4M
Q1 24
$121.5M
Total Assets
BNED
BNED
NMM
NMM
Q4 25
$1.1B
Q3 25
$950.8M
Q2 25
$790.3M
$5.9B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$973.2M
Q2 24
$909.9M
$5.3B
Q1 24
$1.2B
Debt / Equity
BNED
BNED
NMM
NMM
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×
Q1 24
0.25×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNED
BNED
NMM
NMM
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.

Operating Cash Flow
BNED
BNED
NMM
NMM
Q4 25
$66.2M
Q3 25
$-67.6M
Q2 25
$52.6M
Q1 25
$-41.9M
Q4 24
$47.4M
Q3 24
$-143.5M
Q2 24
$81.7M
Q1 24
$-35.8M
Free Cash Flow
BNED
BNED
NMM
NMM
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 24
$-39.0M
FCF Margin
BNED
BNED
NMM
NMM
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 24
-9.4%
Capex Intensity
BNED
BNED
NMM
NMM
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 24
0.8%
Cash Conversion
BNED
BNED
NMM
NMM
Q4 25
2.65×
Q3 25
Q2 25
Q1 25
-2.34×
Q4 24
1.10×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BNED
BNED

Course Materials Product$459.3M77%
General Merchandise Product$112.9M19%
Serviceand Other$26.1M4%

NMM
NMM

Segment breakdown not available.

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