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Barnes & Noble Education, Inc.（BNED）与维蒙特工业（VMI）财务数据对比。点击上方公司名可切换其他公司
维蒙特工业的季度营收约是Barnes & Noble Education, Inc.的1.7倍（$1.0B vs $598.2M），维蒙特工业净利率更高（10.5% vs 4.2%，领先6.3%），Barnes & Noble Education, Inc.同比增速更快（6.9% vs 6.2%），过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% vs -0.5%）
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。
维蒙特工业是美国大型上市制造企业，核心产品包括Valley品牌中心支轴及线性灌溉设备、风电机组支撑结构、照明与交通信号灯杆、钢制公用设施杆塔，在全球农业设备及基建配套领域拥有领先的市场地位和技术优势。
BNED vs VMI — 直观对比
营收规模更大
VMI
是对方的1.7倍
$598.2M
营收增速更快
BNED
高出0.7%
6.2%
净利率更高
VMI
高出6.3%
4.2%
两年增速更快
BNED
近两年复合增速
-0.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $1.0B |
| 净利润 | $25.0M | $108.0M |
| 毛利率 | 21.7% | 30.8% |
| 营业利润率 | 6.8% | 15.1% |
| 净利率 | 4.2% | 10.5% |
| 营收同比 | 6.9% | 6.2% |
| 净利润同比 | -49.7% | 23.8% |
| 每股收益（稀释后） | $0.72 | $5.51 |
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BNEDVMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $598.2M | $1.0B | ||
| Q3 25 | $274.2M | $1.0B | ||
| Q2 25 | $233.0M | $1.1B | ||
| Q1 25 | $419.7M | $969.3M | ||
| Q4 24 | $559.7M | $1.0B | ||
| Q3 24 | $250.9M | $1.0B | ||
| Q2 24 | $192.7M | $1.0B |
净利润BNEDVMI
| Q1 26 | — | $108.0M | ||
| Q4 25 | $25.0M | $168.0M | ||
| Q3 25 | $-18.3M | $99.0M | ||
| Q2 25 | $-23.0M | $-4.0M | ||
| Q1 25 | $17.9M | $87.3M | ||
| Q4 24 | $43.2M | $77.7M | ||
| Q3 24 | $-103.9M | $83.1M | ||
| Q2 24 | $-41.9M | $99.7M |
毛利率BNEDVMI
| Q1 26 | — | 30.8% | ||
| Q4 25 | 21.7% | 29.8% | ||
| Q3 25 | 20.2% | 30.4% | ||
| Q2 25 | 30.3% | 30.6% | ||
| Q1 25 | 22.3% | 30.0% | ||
| Q4 24 | 23.0% | 30.2% | ||
| Q3 24 | 17.9% | 29.6% | ||
| Q2 24 | 28.7% | 30.8% |
营业利润率BNEDVMI
| Q1 26 | — | 15.1% | ||
| Q4 25 | 6.8% | 11.2% | ||
| Q3 25 | -8.4% | 13.5% | ||
| Q2 25 | -4.9% | 2.8% | ||
| Q1 25 | 4.5% | 13.2% | ||
| Q4 24 | 8.4% | 11.6% | ||
| Q3 24 | -15.4% | 12.3% | ||
| Q2 24 | -16.3% | 14.2% |
净利率BNEDVMI
| Q1 26 | — | 10.5% | ||
| Q4 25 | 4.2% | 16.2% | ||
| Q3 25 | -6.7% | 9.5% | ||
| Q2 25 | -9.9% | -0.4% | ||
| Q1 25 | 4.3% | 9.0% | ||
| Q4 24 | 7.7% | 7.5% | ||
| Q3 24 | -41.4% | 8.1% | ||
| Q2 24 | -21.7% | 9.6% |
每股收益（稀释后）BNEDVMI
| Q1 26 | — | $5.51 | ||
| Q4 25 | $0.72 | $9.02 | ||
| Q3 25 | $-0.54 | $4.98 | ||
| Q2 25 | $2.97 | $-1.53 | ||
| Q1 25 | $0.59 | $4.32 | ||
| Q4 24 | $1.63 | $3.85 | ||
| Q3 24 | $-7.69 | $4.11 | ||
| Q2 24 | $-15.68 | $4.91 |
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 | $160.2M |
| 总债务越低越好 | $122.5M | — |
| 股东权益账面价值 | $283.2M | $1.7B |
| 总资产 | $1.1B | $3.4B |
| 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BNEDVMI
| Q1 26 | — | $160.2M | ||
| Q4 25 | $11.7M | $187.1M | ||
| Q3 25 | $7.3M | $226.1M | ||
| Q2 25 | $9.1M | $208.5M | ||
| Q1 25 | $9.2M | $184.4M | ||
| Q4 24 | $11.6M | $164.3M | ||
| Q3 24 | $8.2M | $200.5M | ||
| Q2 24 | $10.5M | $163.1M |
总债务BNEDVMI
| Q1 26 | — | — | ||
| Q4 25 | $122.5M | $795.7M | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | $730.6M | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — |
股东权益BNEDVMI
| Q1 26 | — | $1.7B | ||
| Q4 25 | $283.2M | $1.6B | ||
| Q3 25 | $256.5M | $1.6B | ||
| Q2 25 | $272.2M | $1.5B | ||
| Q1 25 | $292.9M | $1.6B | ||
| Q4 24 | $211.4M | $1.5B | ||
| Q3 24 | $149.8M | $1.5B | ||
| Q2 24 | $80.4M | $1.5B |
总资产BNEDVMI
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.1B | $3.4B | ||
| Q3 25 | $950.8M | $3.4B | ||
| Q2 25 | $790.3M | $3.3B | ||
| Q1 25 | $1.1B | $3.4B | ||
| Q4 24 | $1.0B | $3.3B | ||
| Q3 24 | $973.2M | $3.5B | ||
| Q2 24 | $909.9M | $3.5B |
负债/权益比BNEDVMI
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.49× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.84× | 0.47× | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 2.44× | — |
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BNEDVMI
| Q1 26 | — | — | ||
| Q4 25 | $66.2M | $111.2M | ||
| Q3 25 | $-67.6M | $112.5M | ||
| Q2 25 | $52.6M | $167.6M | ||
| Q1 25 | $-41.9M | $65.1M | ||
| Q4 24 | $47.4M | $193.4M | ||
| Q3 24 | $-143.5M | $225.1M | ||
| Q2 24 | $81.7M | $130.8M |
自由现金流BNEDVMI
| Q1 26 | — | — | ||
| Q4 25 | $61.9M | $70.4M | ||
| Q3 25 | $-71.3M | $70.6M | ||
| Q2 25 | $49.5M | $135.6M | ||
| Q1 25 | $-44.7M | $34.8M | ||
| Q4 24 | $44.4M | $167.8M | ||
| Q3 24 | $-147.5M | $204.6M | ||
| Q2 24 | $79.1M | $112.5M |
自由现金流率BNEDVMI
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 6.8% | ||
| Q3 25 | -26.0% | 6.7% | ||
| Q2 25 | 21.3% | 12.9% | ||
| Q1 25 | -10.7% | 3.6% | ||
| Q4 24 | 7.9% | 16.2% | ||
| Q3 24 | -58.8% | 20.1% | ||
| Q2 24 | 41.1% | 10.8% |
资本支出强度BNEDVMI
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 3.9% | ||
| Q3 25 | 1.4% | 4.0% | ||
| Q2 25 | 1.3% | 3.0% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 0.5% | 2.5% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 1.4% | 1.8% |
现金转化率BNEDVMI
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | 0.66× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | — | ||
| Q1 25 | -2.34× | 0.75× | ||
| Q4 24 | 1.10× | 2.49× | ||
| Q3 24 | — | 2.71× | ||
| Q2 24 | — | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
