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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $598.2M, roughly 1.3× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs 2.5%, a 1.7% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs 4.0%). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs -1.3%).
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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
BNED vs SBGI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $807.0M |
| Net Profit | $25.0M | $20.0M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | 0.0% |
| Net Margin | 4.2% | 2.5% |
| Revenue YoY | 6.9% | 4.0% |
| Net Profit YoY | -49.7% | — |
| EPS (diluted) | $0.72 | $0.28 |
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 | — | $807.0M | ||
| Q4 25 | $598.2M | $836.0M | ||
| Q3 25 | $274.2M | $773.0M | ||
| Q2 25 | $233.0M | $784.0M | ||
| Q1 25 | $419.7M | $776.0M | ||
| Q4 24 | $559.7M | $1.0B | ||
| Q3 24 | $250.9M | $917.0M | ||
| Q2 24 | $192.7M | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $25.0M | $109.0M | ||
| Q3 25 | $-18.3M | $-1.0M | ||
| Q2 25 | $-23.0M | $-64.0M | ||
| Q1 25 | $17.9M | $-156.0M | ||
| Q4 24 | $43.2M | $176.0M | ||
| Q3 24 | $-103.9M | $94.0M | ||
| Q2 24 | $-41.9M | $17.0M |
| Q1 26 | — | — | ||
| 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 | — | 0.0% | ||
| Q4 25 | 6.8% | 9.6% | ||
| Q3 25 | -8.4% | 7.5% | ||
| Q2 25 | -4.9% | 2.7% | ||
| Q1 25 | 4.5% | 1.8% | ||
| Q4 24 | 8.4% | 26.5% | ||
| Q3 24 | -15.4% | 19.5% | ||
| Q2 24 | -16.3% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 4.2% | 13.0% | ||
| Q3 25 | -6.7% | -0.1% | ||
| Q2 25 | -9.9% | -8.2% | ||
| Q1 25 | 4.3% | -20.1% | ||
| Q4 24 | 7.7% | 17.5% | ||
| Q3 24 | -41.4% | 10.3% | ||
| Q2 24 | -21.7% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.72 | $1.62 | ||
| Q3 25 | $-0.54 | $-0.02 | ||
| Q2 25 | $2.97 | $-0.91 | ||
| Q1 25 | $0.59 | $-2.30 | ||
| Q4 24 | $1.63 | $2.64 | ||
| Q3 24 | $-7.69 | $1.43 | ||
| Q2 24 | $-15.68 | $0.27 |
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 | — |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | — |
| Total Assets | $1.1B | — |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $866.0M | ||
| Q3 25 | $7.3M | $526.0M | ||
| Q2 25 | $9.1M | $616.0M | ||
| Q1 25 | $9.2M | $631.0M | ||
| Q4 24 | $11.6M | $697.0M | ||
| Q3 24 | $8.2M | $536.0M | ||
| Q2 24 | $10.5M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $122.5M | $4.4B | ||
| Q3 25 | $170.0M | $4.1B | ||
| Q2 25 | $103.1M | $4.1B | ||
| Q1 25 | $141.2M | $4.2B | ||
| Q4 24 | $177.6M | $4.1B | ||
| Q3 24 | $221.9M | $4.1B | ||
| Q2 24 | $196.3M | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $283.2M | $443.0M | ||
| Q3 25 | $256.5M | $347.0M | ||
| Q2 25 | $272.2M | $361.0M | ||
| Q1 25 | $292.9M | $436.0M | ||
| Q4 24 | $211.4M | $583.0M | ||
| Q3 24 | $149.8M | $415.0M | ||
| Q2 24 | $80.4M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $5.9B | ||
| Q3 25 | $950.8M | $5.6B | ||
| Q2 25 | $790.3M | $5.7B | ||
| Q1 25 | $1.1B | $5.8B | ||
| Q4 24 | $1.0B | $5.9B | ||
| Q3 24 | $973.2M | $5.8B | ||
| Q2 24 | $909.9M | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 9.84× | ||
| Q3 25 | 0.66× | 11.75× | ||
| Q2 25 | 0.38× | 11.30× | ||
| Q1 25 | 0.48× | 9.56× | ||
| Q4 24 | 0.84× | 7.02× | ||
| Q3 24 | 1.48× | 9.86× | ||
| Q2 24 | 2.44× | 12.08× |
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% | 1.7% |
| 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 | $98.0M | ||
| Q3 25 | $-67.6M | $-36.0M | ||
| Q2 25 | $52.6M | $122.0M | ||
| Q1 25 | $-41.9M | $5.0M | ||
| Q4 24 | $47.4M | $198.0M | ||
| Q3 24 | $-143.5M | $210.0M | ||
| Q2 24 | $81.7M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $61.9M | $79.0M | ||
| Q3 25 | $-71.3M | $-58.0M | ||
| Q2 25 | $49.5M | $105.0M | ||
| Q1 25 | $-44.7M | $-11.0M | ||
| Q4 24 | $44.4M | $175.0M | ||
| Q3 24 | $-147.5M | $193.0M | ||
| Q2 24 | $79.1M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 9.4% | ||
| Q3 25 | -26.0% | -7.5% | ||
| Q2 25 | 21.3% | 13.4% | ||
| Q1 25 | -10.7% | -1.4% | ||
| Q4 24 | 7.9% | 17.4% | ||
| Q3 24 | -58.8% | 21.0% | ||
| Q2 24 | 41.1% | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 0.7% | 2.3% | ||
| Q3 25 | 1.4% | 2.8% | ||
| Q2 25 | 1.3% | 2.2% | ||
| Q1 25 | 0.7% | 2.1% | ||
| Q4 24 | 0.5% | 2.3% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 1.4% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | 0.90× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -2.34× | — | ||
| Q4 24 | 1.10× | 1.13× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | -18.00× |
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% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
