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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $598.2M, roughly 1.5× Barnes & Noble Education, Inc.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 4.2%, a 25.3% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 6.9%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $61.9M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 9.6%).
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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
BNED vs ZION — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $891.0M |
| Net Profit | $25.0M | $263.0M |
| Gross Margin | 21.7% | — |
| Operating Margin | 6.8% | — |
| Net Margin | 4.2% | 29.5% |
| Revenue YoY | 6.9% | 8.7% |
| Net Profit YoY | -49.7% | 21.8% |
| EPS (diluted) | $0.72 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $274.2M | $861.0M | ||
| Q2 25 | $233.0M | $838.0M | ||
| Q1 25 | $419.7M | $795.0M | ||
| Q4 24 | $559.7M | $820.0M | ||
| Q3 24 | $250.9M | $792.0M | ||
| Q2 24 | $192.7M | $777.0M | ||
| Q1 24 | $415.4M | $742.0M |
| Q4 25 | $25.0M | $263.0M | ||
| Q3 25 | $-18.3M | $222.0M | ||
| Q2 25 | $-23.0M | $244.0M | ||
| Q1 25 | $17.9M | $170.0M | ||
| Q4 24 | $43.2M | $216.0M | ||
| Q3 24 | $-103.9M | $214.0M | ||
| Q2 24 | $-41.9M | $201.0M | ||
| Q1 24 | $-9.3M | $153.0M |
| 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% | — |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -8.4% | — | ||
| Q2 25 | -4.9% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | -15.4% | — | ||
| Q2 24 | -16.3% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | 4.2% | 29.5% | ||
| Q3 25 | -6.7% | 25.8% | ||
| Q2 25 | -9.9% | 29.1% | ||
| Q1 25 | 4.3% | 21.4% | ||
| Q4 24 | 7.7% | 26.3% | ||
| Q3 24 | -41.4% | 27.0% | ||
| Q2 24 | -21.7% | 25.9% | ||
| Q1 24 | -2.2% | 20.6% |
| Q4 25 | $0.72 | $1.77 | ||
| Q3 25 | $-0.54 | $1.48 | ||
| Q2 25 | $2.97 | $1.63 | ||
| Q1 25 | $0.59 | $1.13 | ||
| Q4 24 | $1.63 | $1.34 | ||
| Q3 24 | $-7.69 | $1.37 | ||
| Q2 24 | $-15.68 | $1.28 | ||
| Q1 24 | $-3.49 | $0.96 |
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 | $1.5B |
| Stockholders' EquityBook value | $283.2M | $7.2B |
| Total Assets | $1.1B | $89.0B |
| Debt / EquityLower = less leverage | 0.43× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $8.1M | — |
| Q4 25 | $122.5M | $1.5B | ||
| Q3 25 | $170.0M | $1.5B | ||
| Q2 25 | $103.1M | $970.0M | ||
| Q1 25 | $141.2M | $964.0M | ||
| Q4 24 | $177.6M | $950.0M | ||
| Q3 24 | $221.9M | $548.0M | ||
| Q2 24 | $196.3M | $546.0M | ||
| Q1 24 | $30.2M | $544.0M |
| Q4 25 | $283.2M | $7.2B | ||
| Q3 25 | $256.5M | $6.9B | ||
| Q2 25 | $272.2M | $6.6B | ||
| Q1 25 | $292.9M | $6.3B | ||
| Q4 24 | $211.4M | $6.1B | ||
| Q3 24 | $149.8M | $6.4B | ||
| Q2 24 | $80.4M | $6.0B | ||
| Q1 24 | $121.5M | $5.8B |
| Q4 25 | $1.1B | $89.0B | ||
| Q3 25 | $950.8M | $88.5B | ||
| Q2 25 | $790.3M | $88.9B | ||
| Q1 25 | $1.1B | $88.0B | ||
| Q4 24 | $1.0B | $88.8B | ||
| Q3 24 | $973.2M | $87.0B | ||
| Q2 24 | $909.9M | $87.6B | ||
| Q1 24 | $1.2B | $87.1B |
| Q4 25 | 0.43× | 0.21× | ||
| Q3 25 | 0.66× | 0.21× | ||
| Q2 25 | 0.38× | 0.15× | ||
| Q1 25 | 0.48× | 0.15× | ||
| Q4 24 | 0.84× | 0.16× | ||
| Q3 24 | 1.48× | 0.09× | ||
| Q2 24 | 2.44× | 0.09× | ||
| Q1 24 | 0.25× | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $61.9M | $952.0M |
| FCF MarginFCF / Revenue | 10.4% | 106.8% |
| Capex IntensityCapex / Revenue | 0.7% | 13.6% |
| Cash ConversionOCF / Net Profit | 2.65× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $1.1B | ||
| Q3 25 | $-67.6M | $438.0M | ||
| Q2 25 | $52.6M | $-62.0M | ||
| Q1 25 | $-41.9M | $179.0M | ||
| Q4 24 | $47.4M | $1.1B | ||
| Q3 24 | $-143.5M | $119.0M | ||
| Q2 24 | $81.7M | $251.0M | ||
| Q1 24 | $-35.8M | $261.0M |
| Q4 25 | $61.9M | $952.0M | ||
| Q3 25 | $-71.3M | $413.0M | ||
| Q2 25 | $49.5M | $-93.0M | ||
| Q1 25 | $-44.7M | $152.0M | ||
| Q4 24 | $44.4M | $1.1B | ||
| Q3 24 | $-147.5M | $97.0M | ||
| Q2 24 | $79.1M | $234.0M | ||
| Q1 24 | $-39.0M | $231.0M |
| Q4 25 | 10.4% | 106.8% | ||
| Q3 25 | -26.0% | 48.0% | ||
| Q2 25 | 21.3% | -11.1% | ||
| Q1 25 | -10.7% | 19.1% | ||
| Q4 24 | 7.9% | 128.2% | ||
| Q3 24 | -58.8% | 12.2% | ||
| Q2 24 | 41.1% | 30.1% | ||
| Q1 24 | -9.4% | 31.1% |
| Q4 25 | 0.7% | 13.6% | ||
| Q3 25 | 1.4% | 2.9% | ||
| Q2 25 | 1.3% | 3.7% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 0.5% | 11.8% | ||
| Q3 24 | 1.6% | 2.8% | ||
| Q2 24 | 1.4% | 2.2% | ||
| Q1 24 | 0.8% | 4.0% |
| Q4 25 | 2.65× | 4.08× | ||
| Q3 25 | — | 1.97× | ||
| Q2 25 | — | -0.25× | ||
| Q1 25 | -2.34× | 1.05× | ||
| Q4 24 | 1.10× | 5.31× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 1.25× | ||
| Q1 24 | — | 1.71× |
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% |
ZION
Segment breakdown not available.
