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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and Bristow Group Inc. (VTOL). 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 $377.3M, roughly 1.6× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 4.2%, a 0.7% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs 6.7%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $47.8M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 5.8%).

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.

Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.

BNED vs VTOL — Head-to-Head

Bigger by revenue
BNED
BNED
1.6× larger
BNED
$598.2M
$377.3M
VTOL
Growing faster (revenue YoY)
BNED
BNED
+0.2% gap
BNED
6.9%
6.7%
VTOL
Higher net margin
VTOL
VTOL
0.7% more per $
VTOL
4.9%
4.2%
BNED
More free cash flow
BNED
BNED
$14.1M more FCF
BNED
$61.9M
$47.8M
VTOL
Faster 2-yr revenue CAGR
BNED
BNED
Annualised
BNED
20.0%
5.8%
VTOL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
BNED
BNED
VTOL
VTOL
Revenue
$598.2M
$377.3M
Net Profit
$25.0M
$18.4M
Gross Margin
21.7%
Operating Margin
6.8%
8.5%
Net Margin
4.2%
4.9%
Revenue YoY
6.9%
6.7%
Net Profit YoY
-49.7%
-42.1%
EPS (diluted)
$0.72
$0.61

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
VTOL
VTOL
Q4 25
$598.2M
$377.3M
Q3 25
$274.2M
$386.3M
Q2 25
$233.0M
$376.4M
Q1 25
$419.7M
$350.5M
Q4 24
$559.7M
$353.5M
Q3 24
$250.9M
$365.1M
Q2 24
$192.7M
$359.7M
Q1 24
$415.4M
$337.1M
Net Profit
BNED
BNED
VTOL
VTOL
Q4 25
$25.0M
$18.4M
Q3 25
$-18.3M
$51.5M
Q2 25
$-23.0M
$31.7M
Q1 25
$17.9M
$27.4M
Q4 24
$43.2M
$31.8M
Q3 24
$-103.9M
$28.2M
Q2 24
$-41.9M
$28.2M
Q1 24
$-9.3M
$6.6M
Gross Margin
BNED
BNED
VTOL
VTOL
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
VTOL
VTOL
Q4 25
6.8%
8.5%
Q3 25
-8.4%
13.1%
Q2 25
-4.9%
11.3%
Q1 25
4.5%
9.6%
Q4 24
8.4%
9.0%
Q3 24
-15.4%
9.1%
Q2 24
-16.3%
12.4%
Q1 24
0.4%
6.8%
Net Margin
BNED
BNED
VTOL
VTOL
Q4 25
4.2%
4.9%
Q3 25
-6.7%
13.3%
Q2 25
-9.9%
8.4%
Q1 25
4.3%
7.8%
Q4 24
7.7%
9.0%
Q3 24
-41.4%
7.7%
Q2 24
-21.7%
7.8%
Q1 24
-2.2%
2.0%
EPS (diluted)
BNED
BNED
VTOL
VTOL
Q4 25
$0.72
$0.61
Q3 25
$-0.54
$1.72
Q2 25
$2.97
$1.07
Q1 25
$0.59
$0.92
Q4 24
$1.63
$1.07
Q3 24
$-7.69
$0.95
Q2 24
$-15.68
$0.96
Q1 24
$-3.49
$0.23

Balance Sheet & Financial Strength

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

Metric
BNED
BNED
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$11.7M
$286.2M
Total DebtLower is stronger
$122.5M
$671.5M
Stockholders' EquityBook value
$283.2M
$1.1B
Total Assets
$1.1B
$2.3B
Debt / EquityLower = less leverage
0.43×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNED
BNED
VTOL
VTOL
Q4 25
$11.7M
$286.2M
Q3 25
$7.3M
$245.5M
Q2 25
$9.1M
$251.8M
Q1 25
$9.2M
$191.1M
Q4 24
$11.6M
$247.5M
Q3 24
$8.2M
$200.3M
Q2 24
$10.5M
$178.6M
Q1 24
$8.1M
$140.6M
Total Debt
BNED
BNED
VTOL
VTOL
Q4 25
$122.5M
$671.5M
Q3 25
$170.0M
$675.0M
Q2 25
$103.1M
$705.2M
Q1 25
$141.2M
$701.9M
Q4 24
$177.6M
$689.8M
Q3 24
$221.9M
$629.1M
Q2 24
$196.3M
$594.2M
Q1 24
$30.2M
$544.1M
Stockholders' Equity
BNED
BNED
VTOL
VTOL
Q4 25
$283.2M
$1.1B
Q3 25
$256.5M
$1.0B
Q2 25
$272.2M
$984.4M
Q1 25
$292.9M
$931.7M
Q4 24
$211.4M
$891.7M
Q3 24
$149.8M
$899.2M
Q2 24
$80.4M
$849.1M
Q1 24
$121.5M
$820.7M
Total Assets
BNED
BNED
VTOL
VTOL
Q4 25
$1.1B
$2.3B
Q3 25
$950.8M
$2.3B
Q2 25
$790.3M
$2.3B
Q1 25
$1.1B
$2.2B
Q4 24
$1.0B
$2.1B
Q3 24
$973.2M
$2.1B
Q2 24
$909.9M
$2.0B
Q1 24
$1.2B
$1.9B
Debt / Equity
BNED
BNED
VTOL
VTOL
Q4 25
0.43×
0.63×
Q3 25
0.66×
0.65×
Q2 25
0.38×
0.72×
Q1 25
0.48×
0.75×
Q4 24
0.84×
0.77×
Q3 24
1.48×
0.70×
Q2 24
2.44×
0.70×
Q1 24
0.25×
0.66×

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
VTOL
VTOL
Operating Cash FlowLast quarter
$66.2M
$76.9M
Free Cash FlowOCF − Capex
$61.9M
$47.8M
FCF MarginFCF / Revenue
10.4%
12.7%
Capex IntensityCapex / Revenue
0.7%
7.7%
Cash ConversionOCF / Net Profit
2.65×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$-4.6M
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNED
BNED
VTOL
VTOL
Q4 25
$66.2M
$76.9M
Q3 25
$-67.6M
$23.1M
Q2 25
$52.6M
$99.0M
Q1 25
$-41.9M
$-603.0K
Q4 24
$47.4M
$51.1M
Q3 24
$-143.5M
$66.0M
Q2 24
$81.7M
$33.7M
Q1 24
$-35.8M
$26.7M
Free Cash Flow
BNED
BNED
VTOL
VTOL
Q4 25
$61.9M
$47.8M
Q3 25
$-71.3M
$-6.2M
Q2 25
$49.5M
$67.4M
Q1 25
$-44.7M
$-52.7M
Q4 24
$44.4M
$-32.4M
Q3 24
$-147.5M
$9.0M
Q2 24
$79.1M
$-16.7M
Q1 24
$-39.0M
$-37.9M
FCF Margin
BNED
BNED
VTOL
VTOL
Q4 25
10.4%
12.7%
Q3 25
-26.0%
-1.6%
Q2 25
21.3%
17.9%
Q1 25
-10.7%
-15.0%
Q4 24
7.9%
-9.2%
Q3 24
-58.8%
2.5%
Q2 24
41.1%
-4.6%
Q1 24
-9.4%
-11.2%
Capex Intensity
BNED
BNED
VTOL
VTOL
Q4 25
0.7%
7.7%
Q3 25
1.4%
7.6%
Q2 25
1.3%
8.4%
Q1 25
0.7%
14.9%
Q4 24
0.5%
23.6%
Q3 24
1.6%
15.6%
Q2 24
1.4%
14.0%
Q1 24
0.8%
19.2%
Cash Conversion
BNED
BNED
VTOL
VTOL
Q4 25
2.65×
4.17×
Q3 25
0.45×
Q2 25
3.12×
Q1 25
-2.34×
-0.02×
Q4 24
1.10×
1.61×
Q3 24
2.34×
Q2 24
1.20×
Q1 24
4.04×

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%

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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