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Side-by-side financial comparison of Lionsgate Studios Corp. (LION) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $724.3M, roughly 1.1× Lionsgate Studios Corp.). Noble Corp plc runs the higher net margin — 11.3% vs -6.4%, a 17.7% gap on every dollar of revenue. On growth, Lionsgate Studios Corp. posted the faster year-over-year revenue change (52.5% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $-111.9M).
Lionsgate Canada is a Canadian entertainment company and a subsidiary of Lionsgate Studios. Based in the Entertainment District in the city of Toronto, the company is primarily involved in the acquisition and production of films and television series.
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.
LION vs NE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $724.3M | $764.4M |
| Net Profit | $-46.2M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | 5.0% | 5.6% |
| Net Margin | -6.4% | 11.3% |
| Revenue YoY | 52.5% | -17.6% |
| Net Profit YoY | 59.3% | -10.4% |
| EPS (diluted) | $-0.16 | $0.54 |
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 | $724.3M | $764.4M | ||
| Q3 25 | $475.1M | $798.0M | ||
| Q2 25 | $525.9M | $848.7M | ||
| Q1 25 | — | $874.5M | ||
| Q4 24 | — | $927.3M | ||
| Q3 24 | — | $800.5M | ||
| Q2 24 | — | $692.8M | ||
| Q1 24 | — | $637.1M |
| Q4 25 | $-46.2M | $86.6M | ||
| Q3 25 | $-113.5M | $-21.1M | ||
| Q2 25 | $-108.9M | $42.9M | ||
| Q1 25 | — | $108.3M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $195.0M | ||
| Q1 24 | — | $95.5M |
| Q4 25 | 5.0% | 5.6% | ||
| Q3 25 | -9.7% | 6.3% | ||
| Q2 25 | -2.0% | 15.9% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | -6.4% | 11.3% | ||
| Q3 25 | -23.9% | -2.6% | ||
| Q2 25 | -20.7% | 5.1% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | 15.0% |
| Q4 25 | $-0.16 | $0.54 | ||
| Q3 25 | $-0.39 | $-0.13 | ||
| Q2 25 | $-0.40 | $0.27 | ||
| Q1 25 | — | $0.67 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.40 | ||
| Q2 24 | — | $1.34 | ||
| Q1 24 | — | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $182.4M | $471.4M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $-1.3B | $4.5B |
| Total Assets | $5.2B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $182.4M | $471.4M | ||
| Q3 25 | $202.4M | $477.9M | ||
| Q2 25 | $186.1M | $338.2M | ||
| Q1 25 | — | $303.8M | ||
| Q4 24 | — | $247.3M | ||
| Q3 24 | — | $391.9M | ||
| Q2 24 | — | $162.9M | ||
| Q1 24 | — | $212.5M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-1.3B | $4.5B | ||
| Q3 25 | $-1.3B | $4.5B | ||
| Q2 25 | $-1.1B | $4.6B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $5.2B | $7.5B | ||
| Q3 25 | $5.2B | $7.6B | ||
| Q2 25 | $5.2B | $7.7B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $5.6B | ||
| Q1 24 | — | $5.4B |
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 | $-108.9M | $187.1M |
| Free Cash FlowOCF − Capex | $-111.9M | $35.4M |
| FCF MarginFCF / Revenue | -15.4% | 4.6% |
| Capex IntensityCapex / Revenue | 0.4% | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-108.9M | $187.1M | ||
| Q3 25 | $-104.0M | $277.1M | ||
| Q2 25 | $-31.0M | $216.4M | ||
| Q1 25 | — | $271.1M | ||
| Q4 24 | — | $136.2M | ||
| Q3 24 | — | $283.8M | ||
| Q2 24 | — | $106.8M | ||
| Q1 24 | — | $128.7M |
| Q4 25 | $-111.9M | $35.4M | ||
| Q3 25 | $-107.2M | $139.5M | ||
| Q2 25 | $-34.5M | $99.8M | ||
| Q1 25 | — | $157.5M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $156.8M | ||
| Q2 24 | — | $-34.3M | ||
| Q1 24 | — | $-37.9M |
| Q4 25 | -15.4% | 4.6% | ||
| Q3 25 | -22.6% | 17.5% | ||
| Q2 25 | -6.6% | 11.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | -4.9% | ||
| Q1 24 | — | -6.0% |
| Q4 25 | 0.4% | 19.9% | ||
| Q3 25 | 0.7% | 17.3% | ||
| Q2 25 | 0.7% | 13.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 26.2% |
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 4.64× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LION
| Television Production | $303.1M | 42% |
| Digital Media | $155.1M | 21% |
| Third Party Purchasers Individual Agreements | $91.2M | 13% |
| Theatrical | $70.7M | 10% |
| Domestic Television | $43.1M | 6% |
| Starz Business | $24.1M | 3% |
| Other Media | $17.6M | 2% |
| Packaged Media | $14.1M | 2% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
