vs
Barnes & Noble Education, Inc.（BNED）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是Barnes & Noble Education, Inc.的1.4倍（$828.2M vs $598.2M），Rithm Capital Corp.净利率更高（13.2% vs 4.2%，领先9.0%），Barnes & Noble Education, Inc.同比增速更快（6.9% vs -40.0%），过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% vs -17.9%）
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
BNED vs RITM — 直观对比
营收规模更大
RITM
是对方的1.4倍
$598.2M
营收增速更快
BNED
高出46.9%
-40.0%
净利率更高
RITM
高出9.0%
4.2%
两年增速更快
BNED
近两年复合增速
-17.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $828.2M |
| 净利润 | $25.0M | $109.5M |
| 毛利率 | 21.7% | — |
| 营业利润率 | 6.8% | — |
| 净利率 | 4.2% | 13.2% |
| 营收同比 | 6.9% | -40.0% |
| 净利润同比 | -49.7% | 20.9% |
| 每股收益（稀释后） | $0.72 | $0.12 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BNEDRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $598.2M | $1.5B | ||
| Q3 25 | $274.2M | $1.1B | ||
| Q2 25 | $233.0M | $1.2B | ||
| Q1 25 | $419.7M | $768.4M | ||
| Q4 24 | $559.7M | $2.1B | ||
| Q3 24 | $250.9M | $619.5M | ||
| Q2 24 | $192.7M | $1.2B |
净利润BNEDRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $25.0M | $85.0M | ||
| Q3 25 | $-18.3M | $221.5M | ||
| Q2 25 | $-23.0M | $311.7M | ||
| Q1 25 | $17.9M | $78.8M | ||
| Q4 24 | $43.2M | $290.2M | ||
| Q3 24 | $-103.9M | $121.7M | ||
| Q2 24 | $-41.9M | $235.6M |
毛利率BNEDRITM
| 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% | — |
营业利润率BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 13.8% | ||
| Q3 25 | -8.4% | 21.4% | ||
| Q2 25 | -4.9% | 25.2% | ||
| Q1 25 | 4.5% | 7.4% | ||
| Q4 24 | 8.4% | 23.8% | ||
| Q3 24 | -15.4% | 7.3% | ||
| Q2 24 | -16.3% | 23.6% |
净利率BNEDRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 4.2% | 5.7% | ||
| Q3 25 | -6.7% | 20.0% | ||
| Q2 25 | -9.9% | 25.6% | ||
| Q1 25 | 4.3% | 10.3% | ||
| Q4 24 | 7.7% | 14.0% | ||
| Q3 24 | -41.4% | 19.7% | ||
| Q2 24 | -21.7% | 19.2% |
每股收益（稀释后）BNEDRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.72 | $0.09 | ||
| Q3 25 | $-0.54 | $0.35 | ||
| Q2 25 | $2.97 | $0.53 | ||
| Q1 25 | $0.59 | $0.07 | ||
| Q4 24 | $1.63 | $0.50 | ||
| Q3 24 | $-7.69 | $0.20 | ||
| Q2 24 | $-15.68 | $0.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $11.7M | — |
| 总债务越低越好 | $122.5M | — |
| 股东权益账面价值 | $283.2M | $9.1B |
| 总资产 | $1.1B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $1.8B | ||
| Q3 25 | $7.3M | $1.6B | ||
| Q2 25 | $9.1M | $1.6B | ||
| Q1 25 | $9.2M | $1.5B | ||
| Q4 24 | $11.6M | $1.5B | ||
| Q3 24 | $8.2M | $1.6B | ||
| Q2 24 | $10.5M | $1.2B |
总债务BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | $122.5M | $35.4B | ||
| Q3 25 | $170.0M | $32.2B | ||
| Q2 25 | $103.1M | $31.2B | ||
| Q1 25 | $141.2M | $32.2B | ||
| Q4 24 | $177.6M | $32.6B | ||
| Q3 24 | $221.9M | $29.6B | ||
| Q2 24 | $196.3M | $30.1B |
股东权益BNEDRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $283.2M | $8.4B | ||
| Q3 25 | $256.5M | $8.5B | ||
| Q2 25 | $272.2M | $7.9B | ||
| Q1 25 | $292.9M | $7.8B | ||
| Q4 24 | $211.4M | $7.8B | ||
| Q3 24 | $149.8M | $7.7B | ||
| Q2 24 | $80.4M | $7.3B |
总资产BNEDRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $1.1B | $53.1B | ||
| Q3 25 | $950.8M | $47.2B | ||
| Q2 25 | $790.3M | $44.3B | ||
| Q1 25 | $1.1B | $45.3B | ||
| Q4 24 | $1.0B | $46.0B | ||
| Q3 24 | $973.2M | $42.3B | ||
| Q2 24 | $909.9M | $42.0B |
负债/权益比BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 4.20× | ||
| Q3 25 | 0.66× | 3.79× | ||
| Q2 25 | 0.38× | 3.92× | ||
| Q1 25 | 0.48× | 4.14× | ||
| Q4 24 | 0.84× | 4.18× | ||
| Q3 24 | 1.48× | 3.87× | ||
| Q2 24 | 2.44× | 4.10× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $66.2M | — |
| 自由现金流经营现金流 - 资本支出 | $61.9M | — |
| 自由现金流率自由现金流/营收 | 10.4% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | 2.65× | — |
| 过去12个月自由现金流最近4个季度 | $-4.6M | — |
8季度趋势，按日历期对齐
经营现金流BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | $66.2M | $-114.6M | ||
| Q3 25 | $-67.6M | $-2.0B | ||
| Q2 25 | $52.6M | $-557.1M | ||
| Q1 25 | $-41.9M | $1.4B | ||
| Q4 24 | $47.4M | $-1.8B | ||
| Q3 24 | $-143.5M | $768.1M | ||
| Q2 24 | $81.7M | $-55.7M |
自由现金流BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | $61.9M | — | ||
| Q3 25 | $-71.3M | — | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $-44.7M | — | ||
| Q4 24 | $44.4M | — | ||
| Q3 24 | $-147.5M | — | ||
| Q2 24 | $79.1M | — |
自由现金流率BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | — | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | -10.7% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | -58.8% | — | ||
| Q2 24 | 41.1% | — |
资本支出强度BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — |
现金转化率BNEDRITM
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | -1.35× | ||
| Q3 25 | — | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | -2.34× | 18.03× | ||
| Q4 24 | 1.10× | -6.04× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | — | -0.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
