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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Talen Energy Corp (TLN). Click either name above to swap in a different company.

Talen Energy Corp is the larger business by last-quarter revenue ($758.0M vs $598.2M, roughly 1.3× Barnes & Noble Education, Inc.). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs -47.9%, a 52.1% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs 6.9%). Talen Energy Corp produced more free cash flow last quarter ($254.0M vs $61.9M). Over the past eight quarters, Talen Energy Corp's revenue compounded faster (35.0% 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.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

BNED vs TLN — Head-to-Head

Bigger by revenue
TLN
TLN
1.3× larger
TLN
$758.0M
$598.2M
BNED
Growing faster (revenue YoY)
TLN
TLN
+107.8% gap
TLN
114.7%
6.9%
BNED
Higher net margin
BNED
BNED
52.1% more per $
BNED
4.2%
-47.9%
TLN
More free cash flow
TLN
TLN
$192.1M more FCF
TLN
$254.0M
$61.9M
BNED
Faster 2-yr revenue CAGR
TLN
TLN
Annualised
TLN
35.0%
20.0%
BNED

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
BNED
BNED
TLN
TLN
Revenue
$598.2M
$758.0M
Net Profit
$25.0M
$-363.0M
Gross Margin
21.7%
Operating Margin
6.8%
-41.3%
Net Margin
4.2%
-47.9%
Revenue YoY
6.9%
114.7%
Net Profit YoY
-49.7%
-542.7%
EPS (diluted)
$0.72
$-7.60

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
TLN
TLN
Q4 25
$598.2M
$758.0M
Q3 25
$274.2M
$697.0M
Q2 25
$233.0M
$409.0M
Q1 25
$419.7M
$654.0M
Q4 24
$559.7M
$353.0M
Q3 24
$250.9M
$459.0M
Q2 24
$192.7M
$346.0M
Q1 24
$415.4M
$416.0M
Net Profit
BNED
BNED
TLN
TLN
Q4 25
$25.0M
$-363.0M
Q3 25
$-18.3M
$207.0M
Q2 25
$-23.0M
$72.0M
Q1 25
$17.9M
$-135.0M
Q4 24
$43.2M
$82.0M
Q3 24
$-103.9M
$168.0M
Q2 24
$-41.9M
$454.0M
Q1 24
$-9.3M
$294.0M
Gross Margin
BNED
BNED
TLN
TLN
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%
Operating Margin
BNED
BNED
TLN
TLN
Q4 25
6.8%
-41.3%
Q3 25
-8.4%
37.7%
Q2 25
-4.9%
16.1%
Q1 25
4.5%
-16.2%
Q4 24
8.4%
4.5%
Q3 24
-15.4%
34.4%
Q2 24
-16.3%
7.8%
Q1 24
0.4%
6.0%
Net Margin
BNED
BNED
TLN
TLN
Q4 25
4.2%
-47.9%
Q3 25
-6.7%
29.7%
Q2 25
-9.9%
17.6%
Q1 25
4.3%
-20.6%
Q4 24
7.7%
23.2%
Q3 24
-41.4%
36.6%
Q2 24
-21.7%
131.2%
Q1 24
-2.2%
70.7%
EPS (diluted)
BNED
BNED
TLN
TLN
Q4 25
$0.72
$-7.60
Q3 25
$-0.54
$4.25
Q2 25
$2.97
$1.50
Q1 25
$0.59
$-2.94
Q4 24
$1.63
$2.07
Q3 24
$-7.69
$3.16
Q2 24
$-15.68
$7.60
Q1 24
$-3.49
$4.84

Balance Sheet & Financial Strength

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

Metric
BNED
BNED
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$11.7M
$689.0M
Total DebtLower is stronger
$122.5M
$6.8B
Stockholders' EquityBook value
$283.2M
$1.1B
Total Assets
$1.1B
$10.9B
Debt / EquityLower = less leverage
0.43×
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNED
BNED
TLN
TLN
Q4 25
$11.7M
$689.0M
Q3 25
$7.3M
$497.0M
Q2 25
$9.1M
$122.0M
Q1 25
$9.2M
$295.0M
Q4 24
$11.6M
$328.0M
Q3 24
$8.2M
$648.0M
Q2 24
$10.5M
$632.0M
Q1 24
$8.1M
Total Debt
BNED
BNED
TLN
TLN
Q4 25
$122.5M
$6.8B
Q3 25
$170.0M
$3.0B
Q2 25
$103.1M
$3.0B
Q1 25
$141.2M
$3.0B
Q4 24
$177.6M
$3.0B
Q3 24
$221.9M
$2.6B
Q2 24
$196.3M
$2.6B
Q1 24
$30.2M
Stockholders' Equity
BNED
BNED
TLN
TLN
Q4 25
$283.2M
$1.1B
Q3 25
$256.5M
$1.5B
Q2 25
$272.2M
$1.2B
Q1 25
$292.9M
$1.2B
Q4 24
$211.4M
$1.4B
Q3 24
$149.8M
$2.4B
Q2 24
$80.4M
$2.5B
Q1 24
$121.5M
$2.8B
Total Assets
BNED
BNED
TLN
TLN
Q4 25
$1.1B
$10.9B
Q3 25
$950.8M
$6.1B
Q2 25
$790.3M
$5.8B
Q1 25
$1.1B
$5.9B
Q4 24
$1.0B
$6.1B
Q3 24
$973.2M
$6.8B
Q2 24
$909.9M
$7.1B
Q1 24
$1.2B
Debt / Equity
BNED
BNED
TLN
TLN
Q4 25
0.43×
6.23×
Q3 25
0.66×
2.03×
Q2 25
0.38×
2.40×
Q1 25
0.48×
2.54×
Q4 24
0.84×
2.17×
Q3 24
1.48×
1.10×
Q2 24
2.44×
1.05×
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
TLN
TLN
Operating Cash FlowLast quarter
$66.2M
$280.0M
Free Cash FlowOCF − Capex
$61.9M
$254.0M
FCF MarginFCF / Revenue
10.4%
33.5%
Capex IntensityCapex / Revenue
0.7%
3.4%
Cash ConversionOCF / Net Profit
2.65×
TTM Free Cash FlowTrailing 4 quarters
$-4.6M
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNED
BNED
TLN
TLN
Q4 25
$66.2M
$280.0M
Q3 25
$-67.6M
$489.0M
Q2 25
$52.6M
$-184.0M
Q1 25
$-41.9M
$119.0M
Q4 24
$47.4M
Q3 24
$-143.5M
$96.0M
Q2 24
$81.7M
$-23.0M
Q1 24
$-35.8M
$173.0M
Free Cash Flow
BNED
BNED
TLN
TLN
Q4 25
$61.9M
$254.0M
Q3 25
$-71.3M
$468.0M
Q2 25
$49.5M
$-217.0M
Q1 25
$-44.7M
$101.0M
Q4 24
$44.4M
Q3 24
$-147.5M
$83.0M
Q2 24
$79.1M
$-43.0M
Q1 24
$-39.0M
$148.0M
FCF Margin
BNED
BNED
TLN
TLN
Q4 25
10.4%
33.5%
Q3 25
-26.0%
67.1%
Q2 25
21.3%
-53.1%
Q1 25
-10.7%
15.4%
Q4 24
7.9%
Q3 24
-58.8%
18.1%
Q2 24
41.1%
-12.4%
Q1 24
-9.4%
35.6%
Capex Intensity
BNED
BNED
TLN
TLN
Q4 25
0.7%
3.4%
Q3 25
1.4%
3.0%
Q2 25
1.3%
8.1%
Q1 25
0.7%
2.8%
Q4 24
0.5%
Q3 24
1.6%
2.8%
Q2 24
1.4%
5.8%
Q1 24
0.8%
6.0%
Cash Conversion
BNED
BNED
TLN
TLN
Q4 25
2.65×
Q3 25
2.36×
Q2 25
-2.56×
Q1 25
-2.34×
Q4 24
1.10×
Q3 24
0.57×
Q2 24
-0.05×
Q1 24
0.59×

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%

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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