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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $598.2M, roughly 1.4× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs 2.1%, a 2.1% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 6.9%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
BNED vs ROAD — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $809.5M |
| Net Profit | $25.0M | $17.2M |
| Gross Margin | 21.7% | 15.0% |
| Operating Margin | 6.8% | 6.2% |
| Net Margin | 4.2% | 2.1% |
| Revenue YoY | 6.9% | 44.1% |
| Net Profit YoY | -49.7% | 663.9% |
| EPS (diluted) | $0.72 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $274.2M | $899.8M | ||
| Q2 25 | $233.0M | $779.3M | ||
| Q1 25 | $419.7M | $571.6M | ||
| Q4 24 | $559.7M | $561.6M | ||
| Q3 24 | $250.9M | $538.2M | ||
| Q2 24 | $192.7M | $517.8M | ||
| Q1 24 | $415.4M | $371.4M |
| Q4 25 | $25.0M | $17.2M | ||
| Q3 25 | $-18.3M | $56.6M | ||
| Q2 25 | $-23.0M | $44.0M | ||
| Q1 25 | $17.9M | $4.2M | ||
| Q4 24 | $43.2M | $-3.1M | ||
| Q3 24 | $-103.9M | $29.3M | ||
| Q2 24 | $-41.9M | $30.9M | ||
| Q1 24 | $-9.3M | $-1.1M |
| Q4 25 | 21.7% | 15.0% | ||
| Q3 25 | 20.2% | 17.7% | ||
| Q2 25 | 30.3% | 16.9% | ||
| Q1 25 | 22.3% | 12.5% | ||
| Q4 24 | 23.0% | 13.6% | ||
| Q3 24 | 17.9% | 15.6% | ||
| Q2 24 | 28.7% | 16.1% | ||
| Q1 24 | 24.2% | 10.4% |
| Q4 25 | 6.8% | 6.2% | ||
| Q3 25 | -8.4% | 11.2% | ||
| Q2 25 | -4.9% | 10.6% | ||
| Q1 25 | 4.5% | 4.8% | ||
| Q4 24 | 8.4% | 2.5% | ||
| Q3 24 | -15.4% | 8.5% | ||
| Q2 24 | -16.3% | 8.8% | ||
| Q1 24 | 0.4% | 0.8% |
| Q4 25 | 4.2% | 2.1% | ||
| Q3 25 | -6.7% | 6.3% | ||
| Q2 25 | -9.9% | 5.7% | ||
| Q1 25 | 4.3% | 0.7% | ||
| Q4 24 | 7.7% | -0.5% | ||
| Q3 24 | -41.4% | 5.4% | ||
| Q2 24 | -21.7% | 6.0% | ||
| Q1 24 | -2.2% | -0.3% |
| Q4 25 | $0.72 | $0.31 | ||
| Q3 25 | $-0.54 | $1.03 | ||
| Q2 25 | $2.97 | $0.79 | ||
| Q1 25 | $0.59 | $0.08 | ||
| Q4 24 | $1.63 | $-0.06 | ||
| Q3 24 | $-7.69 | $0.55 | ||
| Q2 24 | $-15.68 | $0.59 | ||
| Q1 24 | $-3.49 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $969.1M |
| Total Assets | $1.1B | $3.4B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | $104.1M | ||
| Q3 25 | $7.3M | $156.1M | ||
| Q2 25 | $9.1M | $114.3M | ||
| Q1 25 | $9.2M | $101.9M | ||
| Q4 24 | $11.6M | $132.5M | ||
| Q3 24 | $8.2M | $74.7M | ||
| Q2 24 | $10.5M | $56.3M | ||
| Q1 24 | $8.1M | $48.0M |
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | $1.6B | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | $515.0M | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $283.2M | $969.1M | ||
| Q3 25 | $256.5M | $912.0M | ||
| Q2 25 | $272.2M | $853.3M | ||
| Q1 25 | $292.9M | $807.9M | ||
| Q4 24 | $211.4M | $811.1M | ||
| Q3 24 | $149.8M | $573.7M | ||
| Q2 24 | $80.4M | $552.9M | ||
| Q1 24 | $121.5M | $525.0M |
| Q4 25 | $1.1B | $3.4B | ||
| Q3 25 | $950.8M | $3.2B | ||
| Q2 25 | $790.3M | $2.9B | ||
| Q1 25 | $1.1B | $2.8B | ||
| Q4 24 | $1.0B | $2.6B | ||
| Q3 24 | $973.2M | $1.5B | ||
| Q2 24 | $909.9M | $1.4B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | 1.78× | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | $61.9M | $47.1M |
| FCF MarginFCF / Revenue | 10.4% | 5.8% |
| Capex IntensityCapex / Revenue | 0.7% | 4.4% |
| Cash ConversionOCF / Net Profit | 2.65× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $82.6M | ||
| Q3 25 | $-67.6M | $112.0M | ||
| Q2 25 | $52.6M | $83.0M | ||
| Q1 25 | $-41.9M | $55.6M | ||
| Q4 24 | $47.4M | $40.7M | ||
| Q3 24 | $-143.5M | $95.9M | ||
| Q2 24 | $81.7M | $34.6M | ||
| Q1 24 | $-35.8M | $18.2M |
| Q4 25 | $61.9M | $47.1M | ||
| Q3 25 | $-71.3M | $78.9M | ||
| Q2 25 | $49.5M | $46.4M | ||
| Q1 25 | $-44.7M | $14.2M | ||
| Q4 24 | $44.4M | $13.8M | ||
| Q3 24 | $-147.5M | $78.4M | ||
| Q2 24 | $79.1M | $19.7M | ||
| Q1 24 | $-39.0M | $-10.6M |
| Q4 25 | 10.4% | 5.8% | ||
| Q3 25 | -26.0% | 8.8% | ||
| Q2 25 | 21.3% | 5.9% | ||
| Q1 25 | -10.7% | 2.5% | ||
| Q4 24 | 7.9% | 2.5% | ||
| Q3 24 | -58.8% | 14.6% | ||
| Q2 24 | 41.1% | 3.8% | ||
| Q1 24 | -9.4% | -2.8% |
| Q4 25 | 0.7% | 4.4% | ||
| Q3 25 | 1.4% | 3.7% | ||
| Q2 25 | 1.3% | 4.7% | ||
| Q1 25 | 0.7% | 7.2% | ||
| Q4 24 | 0.5% | 4.8% | ||
| Q3 24 | 1.6% | 3.3% | ||
| Q2 24 | 1.4% | 2.9% | ||
| Q1 24 | 0.8% | 7.7% |
| Q4 25 | 2.65× | 4.80× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | -2.34× | 13.20× | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | — | — |
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% |
ROAD
Segment breakdown not available.
