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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $598.2M, roughly 1.1× Barnes & Noble Education, Inc.). SouthState Bank Corp runs the higher net margin — 34.1% vs 4.2%, a 29.9% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
BNED vs SSB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $661.7M |
| Net Profit | $25.0M | $225.8M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | 15.1% |
| Net Margin | 4.2% | 34.1% |
| Revenue YoY | 6.9% | — |
| Net Profit YoY | -49.7% | 153.5% |
| EPS (diluted) | $0.72 | $2.28 |
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 | — | $661.7M | ||
| Q4 25 | $598.2M | $581.1M | ||
| Q3 25 | $274.2M | $599.7M | ||
| Q2 25 | $233.0M | $577.9M | ||
| Q1 25 | $419.7M | $544.5M | ||
| Q4 24 | $559.7M | $369.8M | ||
| Q3 24 | $250.9M | $351.5M | ||
| Q2 24 | $192.7M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $25.0M | $247.7M | ||
| Q3 25 | $-18.3M | $246.6M | ||
| Q2 25 | $-23.0M | $215.2M | ||
| Q1 25 | $17.9M | $89.1M | ||
| Q4 24 | $43.2M | $144.2M | ||
| Q3 24 | $-103.9M | $143.2M | ||
| Q2 24 | $-41.9M | $132.4M |
| 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 | — | 15.1% | ||
| Q4 25 | 6.8% | 54.3% | ||
| Q3 25 | -8.4% | 53.6% | ||
| Q2 25 | -4.9% | 48.8% | ||
| Q1 25 | 4.5% | 22.3% | ||
| Q4 24 | 8.4% | 50.7% | ||
| Q3 24 | -15.4% | 53.1% | ||
| Q2 24 | -16.3% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 4.2% | 42.6% | ||
| Q3 25 | -6.7% | 41.1% | ||
| Q2 25 | -9.9% | 37.2% | ||
| Q1 25 | 4.3% | 16.4% | ||
| Q4 24 | 7.7% | 39.0% | ||
| Q3 24 | -41.4% | 40.7% | ||
| Q2 24 | -21.7% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $0.72 | $2.47 | ||
| Q3 25 | $-0.54 | $2.42 | ||
| Q2 25 | $2.97 | $2.11 | ||
| Q1 25 | $0.59 | $0.87 | ||
| Q4 24 | $1.63 | $1.88 | ||
| Q3 24 | $-7.69 | $1.86 | ||
| Q2 24 | $-15.68 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $9.0B |
| Total Assets | $1.1B | $68.0B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $11.7M | — | ||
| Q3 25 | $7.3M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $9.2M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $10.5M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $9.0B | ||
| Q4 25 | $283.2M | $9.1B | ||
| Q3 25 | $256.5M | $9.0B | ||
| Q2 25 | $272.2M | $8.8B | ||
| Q1 25 | $292.9M | $8.6B | ||
| Q4 24 | $211.4M | $5.9B | ||
| Q3 24 | $149.8M | $5.9B | ||
| Q2 24 | $80.4M | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $1.1B | $67.2B | ||
| Q3 25 | $950.8M | $66.0B | ||
| Q2 25 | $790.3M | $65.9B | ||
| Q1 25 | $1.1B | $65.1B | ||
| Q4 24 | $1.0B | $46.4B | ||
| Q3 24 | $973.2M | $46.1B | ||
| Q2 24 | $909.9M | $45.5B |
| Q1 26 | — | — | ||
| 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× | — |
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% | — |
| 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 | $232.1M | ||
| Q3 25 | $-67.6M | $122.4M | ||
| Q2 25 | $52.6M | $72.6M | ||
| Q1 25 | $-41.9M | $-126.3M | ||
| Q4 24 | $47.4M | $354.3M | ||
| Q3 24 | $-143.5M | $-246.8M | ||
| Q2 24 | $81.7M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $61.9M | $215.5M | ||
| Q3 25 | $-71.3M | $101.7M | ||
| Q2 25 | $49.5M | $52.5M | ||
| Q1 25 | $-44.7M | $-139.1M | ||
| Q4 24 | $44.4M | $340.9M | ||
| Q3 24 | $-147.5M | $-254.2M | ||
| Q2 24 | $79.1M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 37.1% | ||
| Q3 25 | -26.0% | 17.0% | ||
| Q2 25 | 21.3% | 9.1% | ||
| Q1 25 | -10.7% | -25.5% | ||
| Q4 24 | 7.9% | 92.2% | ||
| Q3 24 | -58.8% | -72.3% | ||
| Q2 24 | 41.1% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 2.9% | ||
| Q3 25 | 1.4% | 3.5% | ||
| Q2 25 | 1.3% | 3.5% | ||
| Q1 25 | 0.7% | 2.4% | ||
| Q4 24 | 0.5% | 3.6% | ||
| Q3 24 | 1.6% | 2.1% | ||
| Q2 24 | 1.4% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | -2.34× | -1.42× | ||
| Q4 24 | 1.10× | 2.46× | ||
| Q3 24 | — | -1.72× | ||
| Q2 24 | — | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
