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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and PRA GROUP INC (PRAA). 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 $333.4M, roughly 1.8× PRA GROUP INC). PRA GROUP INC runs the higher net margin — 17.0% vs 4.2%, a 12.8% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 6.9%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $-90.4M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 14.2%).
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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
BNED vs PRAA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $333.4M |
| Net Profit | $25.0M | $56.5M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | 37.7% |
| Net Margin | 4.2% | 17.0% |
| Revenue YoY | 6.9% | 13.7% |
| Net Profit YoY | -49.7% | 206.3% |
| EPS (diluted) | $0.72 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $274.2M | $311.1M | ||
| Q2 25 | $233.0M | $287.7M | ||
| Q1 25 | $419.7M | $269.6M | ||
| Q4 24 | $559.7M | $293.2M | ||
| Q3 24 | $250.9M | $281.5M | ||
| Q2 24 | $192.7M | $284.2M | ||
| Q1 24 | $415.4M | $255.6M |
| Q4 25 | $25.0M | $56.5M | ||
| Q3 25 | $-18.3M | $-407.7M | ||
| Q2 25 | $-23.0M | $42.4M | ||
| Q1 25 | $17.9M | $3.7M | ||
| Q4 24 | $43.2M | $18.5M | ||
| Q3 24 | $-103.9M | $27.2M | ||
| Q2 24 | $-41.9M | $21.5M | ||
| Q1 24 | $-9.3M | $3.5M |
| 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 24 | 24.2% | — |
| Q4 25 | 6.8% | 37.7% | ||
| Q3 25 | -8.4% | -101.4% | ||
| Q2 25 | -4.9% | 29.6% | ||
| Q1 25 | 4.5% | 27.7% | ||
| Q4 24 | 8.4% | 32.1% | ||
| Q3 24 | -15.4% | 32.0% | ||
| Q2 24 | -16.3% | 31.4% | ||
| Q1 24 | 0.4% | 26.0% |
| Q4 25 | 4.2% | 17.0% | ||
| Q3 25 | -6.7% | -131.0% | ||
| Q2 25 | -9.9% | 14.7% | ||
| Q1 25 | 4.3% | 1.4% | ||
| Q4 24 | 7.7% | 6.3% | ||
| Q3 24 | -41.4% | 9.6% | ||
| Q2 24 | -21.7% | 7.6% | ||
| Q1 24 | -2.2% | 1.4% |
| Q4 25 | $0.72 | $1.47 | ||
| Q3 25 | $-0.54 | $-10.43 | ||
| Q2 25 | $2.97 | $1.08 | ||
| Q1 25 | $0.59 | $0.09 | ||
| Q4 24 | $1.63 | $0.47 | ||
| Q3 24 | $-7.69 | $0.69 | ||
| Q2 24 | $-15.68 | $0.54 | ||
| Q1 24 | $-3.49 | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $979.9M |
| Total Assets | $1.1B | $5.1B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $104.4M | ||
| Q3 25 | $7.3M | $107.5M | ||
| Q2 25 | $9.1M | $131.6M | ||
| Q1 25 | $9.2M | $128.7M | ||
| Q4 24 | $11.6M | $105.9M | ||
| Q3 24 | $8.2M | $141.1M | ||
| Q2 24 | $10.5M | $118.9M | ||
| Q1 24 | $8.1M | $108.1M |
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $283.2M | $979.9M | ||
| Q3 25 | $256.5M | $928.5M | ||
| Q2 25 | $272.2M | $1.3B | ||
| Q1 25 | $292.9M | $1.2B | ||
| Q4 24 | $211.4M | $1.1B | ||
| Q3 24 | $149.8M | $1.2B | ||
| Q2 24 | $80.4M | $1.1B | ||
| Q1 24 | $121.5M | $1.1B |
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $950.8M | $5.0B | ||
| Q2 25 | $790.3M | $5.4B | ||
| Q1 25 | $1.1B | $5.1B | ||
| Q4 24 | $1.0B | $4.9B | ||
| Q3 24 | $973.2M | $4.9B | ||
| Q2 24 | $909.9M | $4.7B | ||
| Q1 24 | $1.2B | $4.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $66.2M | $-85.5M |
| Free Cash FlowOCF − Capex | $61.9M | $-90.4M |
| FCF MarginFCF / Revenue | 10.4% | -27.1% |
| Capex IntensityCapex / Revenue | 0.7% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.65× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $-85.5M | ||
| Q3 25 | $-67.6M | $-10.1M | ||
| Q2 25 | $52.6M | $-12.9M | ||
| Q1 25 | $-41.9M | $-52.6M | ||
| Q4 24 | $47.4M | $-94.6M | ||
| Q3 24 | $-143.5M | $-35.0M | ||
| Q2 24 | $81.7M | $-29.5M | ||
| Q1 24 | $-35.8M | $-73.0M |
| Q4 25 | $61.9M | $-90.4M | ||
| Q3 25 | $-71.3M | $-11.3M | ||
| Q2 25 | $49.5M | $-14.2M | ||
| Q1 25 | $-44.7M | $-53.5M | ||
| Q4 24 | $44.4M | $-98.6M | ||
| Q3 24 | $-147.5M | $-36.1M | ||
| Q2 24 | $79.1M | $-30.8M | ||
| Q1 24 | $-39.0M | $-73.5M |
| Q4 25 | 10.4% | -27.1% | ||
| Q3 25 | -26.0% | -3.6% | ||
| Q2 25 | 21.3% | -4.9% | ||
| Q1 25 | -10.7% | -19.8% | ||
| Q4 24 | 7.9% | -33.6% | ||
| Q3 24 | -58.8% | -12.8% | ||
| Q2 24 | 41.1% | -10.8% | ||
| Q1 24 | -9.4% | -28.8% |
| Q4 25 | 0.7% | 1.4% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.3% | 0.4% | ||
| Q1 25 | 0.7% | 0.3% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 0.8% | 0.2% |
| Q4 25 | 2.65× | -1.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | -2.34× | -14.37× | ||
| Q4 24 | 1.10× | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | — | -21.01× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
