Barnes & Noble Education (BNED) Financials

$10.37 -0.04 (-0.38%)

Closing price 03:59 PM Eastern

Extended Trading

$10.08 -0.29 (-2.84%)

As of 07:38 PM Eastern

Annual Income Statements for Barnes & Noble Education

This table shows Barnes & Noble Education's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	4/30/2022	4/29/2023	4/27/2024
Net Income / (Loss) Attributable to Common Shareholders	-69	-56	18
Consolidated Net Income / (Loss)	-69	-102	-63
Net Income / (Loss) Continuing Operations	-62	-90	-62
Total Pre-Tax Income	-71	-89	-62
Total Operating Income	-61	-66	-22
Total Gross Profit	343	349	357
Total Revenue	1,496	1,543	1,567
Operating Revenue	1,496	1,543	1,567
Total Cost of Revenue	1,153	1,194	1,210
Operating Cost of Revenue	1,153	1,194	1,210
Total Operating Expenses	403	416	379
Selling, General & Admin Expense	354	358	312
Depreciation Expense	42	42	41
Restructuring Charge	0.94	10	19
Other Special Charges / (Income)	6.41	6.01	7.17
Total Other Income / (Expense), net	-10	23	40
Interest Expense	10	-23	-40
Income Tax Expense	-9.15	1.01	0.18
Net Income / (Loss) Discontinued Operations	-7.30	-12	-0.73
Basic Earnings per Share	($1.33)	($38.61)	($23.75)
Weighted Average Basic Shares Outstanding	51.80M	2.64M	2.66M
Diluted Earnings per Share	($1.33)	($38.61)	($23.75)
Weighted Average Diluted Shares Outstanding	51.80M	2.64M	2.66M
Weighted Average Basic & Diluted Shares Outstanding	52.05M	52.71M	26.21M

This table shows Barnes & Noble Education's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/30/2022	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025
Net Income / (Loss) Attributable to Common Shareholders	-53	22	-19	-6.89	-50	24	-9.64	48	-44	50	7.11
Consolidated Net Income / (Loss)	-53	22	-25	-46	-50	24	-9.64	-27	-99	50	7.11
Net Income / (Loss) Continuing Operations	-50	24	-22	-42	-50	25	-9.93	-33	-44	50	7.11
Total Pre-Tax Income	-49	24	-22	-41	-50	25	-9.70	-28	-99	51	18
Total Operating Income	-46	29	-15	-34	-42	36	0.92	-17	-92	56	23
Total Gross Profit	56	138	97	58	51	136	100	70	47	138	96
Total Revenue	255	609	438	242	264	610	457	236	263	602	466
Operating Revenue	255	609	438	242	264	610	457	236	263	602	466
Total Cost of Revenue	199	470	341	184	214	474	357	166	216	464	370
Operating Cost of Revenue	199	470	341	184	214	474	357	166	216	464	370
Total Operating Expenses	102	109	106	99	92	100	99	93	84	81	74
Selling, General & Admin Expense	90	99	92	76	77	86	80	68	67	73	72
Depreciation Expense	11	10	10	11	10	10	10	9.98	13	8.53	7.81
Restructuring Charge	0.38	0.26	4.13	5.34	4.63	4.27	3.41	7.09	3.62	-0.15	-7.57
Other Special Charges / (Income)	-	-	-	-	-	-	5.80	-	-	-	1.71
Total Other Income / (Expense), net	-3.87	-4.89	-6.92	38	-8.25	-11	-11	70	-7.62	-5.46	-5.08
Interest Expense	3.87	4.89	6.92	-38	8.25	11	11	-70	7.62	5.46	5.08
Income Tax Expense	0.85	-0.38	0.14	0.41	-0.01	0.31	0.23	-0.35	0.14	1.13	11
Net Income / (Loss) Discontinued Operations	-2.39	-2.02	-2.92	-4.40	-0.42	-0.67	0.29	-	-	0.00	0.00
Basic Earnings per Share	($1.01)	$0.42	($0.48)	($2.61)	($19.03)	$9.11	($3.60)	$17.98	($7.36)	$1.87	$0.23
Weighted Average Basic Shares Outstanding	52.17M	52.44M	52.60M	2.64M	2.65M	2.66M	2.67M	2.66M	13.51M	26.53M	30.51M
Diluted Earnings per Share	($1.01)	$0.42	($0.48)	($2.61)	($19.03)	$9.11	($3.60)	$17.98	($7.36)	$1.87	$0.23
Weighted Average Diluted Shares Outstanding	52.17M	53.20M	52.60M	2.64M	2.65M	2.66M	2.67M	2.66M	13.51M	26.54M	30.66M
Weighted Average Basic & Diluted Shares Outstanding	52.35M	52.60M	52.60M	52.71M	52.71M	53.15M	53.16M	26.21M	26.21M	30.21M	34.05M

This table details how cash moves in and out of Barnes & Noble Education's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	4/30/2022	4/29/2023	4/27/2024
Net Change in Cash & Equivalents	4.22	-220	-3.42
Net Cash From Operating Activities	1.16	92	-5.12
Net Cash From Continuing Operating Activities	-16	91	-1.55
Net Income / (Loss) Continuing Operations	-62	-90	-62
Consolidated Net Income / (Loss)	-69	-102	-63
Net Income / (Loss) Discontinued Operations	-7.30	-12	-0.73
Depreciation Expense	42	42	41
Amortization Expense	1.86	3.16	13
Non-Cash Adjustments To Reconcile Net Income	13	11	13
Changes in Operating Assets and Liabilities, net	-11	-107	-17
Net Cash From Discontinued Operating Activities	17	1.16	-3.58
Net Cash From Investing Activities	-43	-31	7.40
Net Cash From Continuing Investing Activities	-33	-25	-14
Purchase of Property, Plant & Equipment	-34	-25	-14
Net Cash From Discontinued Investing Activities	-9.93	-6.54	21
Net Cash From Financing Activities	46	-50	-5.70
Net Cash From Continuing Financing Activities	46	-50	-5.70
Repayment of Debt	-584	-639	-569
Repurchase of Common Equity	-2.37	-0.86	-0.18
Issuance of Debt	632	590	563
Other Financing Activities, net	0.26	0.00	0.00
Net Cash From Discontinued Financing Activities	0.00	0.00	0.00
Cash Interest Paid	8.17	19	25
Cash Income Taxes Paid	-8.01	-15	-7.29

This table details how cash moves in and out of Barnes & Noble Education's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/30/2022	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025
Net Change in Cash & Equivalents	-5.30	18	-12	-221	37	199	-253	21	-206	42	153
Net Cash From Operating Activities	-29	38	-32	114	-123	72	-36	82	-144	47	-42
Net Cash From Continuing Operating Activities	-29	39	-31	112	-120	73	-36	82	-144	47	-42
Net Income / (Loss) Continuing Operations	-50	24	-22	-42	-50	25	-9.93	-27	-99	50	7.11
Consolidated Net Income / (Loss)	-53	22	-25	-46	-50	24	-9.64	-27	-99	50	7.11
Depreciation Expense	11	10	10	11	10	10	10	9.98	13	8.53	7.81
Amortization Expense	0.58	0.65	0.86	1.07	1.24	3.16	3.97	4.77	2.42	0.92	0.92
Non-Cash Adjustments To Reconcile Net Income	1.58	1.49	1.21	6.45	0.96	0.80	8.36	11	-0.86	1.26	60
Changes in Operating Assets and Liabilities, net	8.66	2.12	-28	-90	-82	33	-48	81	-114	-15	-61
Net Cash From Investing Activities	-9.73	-11	-6.01	-4.72	17	-3.98	-3.26	-2.61	-3.25	-2.49	-2.77
Net Cash From Continuing Investing Activities	-7.53	-9.04	-4.56	-3.37	-4.14	-3.98	-3.26	-2.61	-3.25	-2.49	-2.77
Purchase of Property, Plant & Equipment	-7.53	-9.29	-4.88	-3.39	-4.22	-3.98	-3.26	-2.61	-3.47	-3.06	-2.77
Net Cash From Financing Activities	33	-9.70	33	-106	93	-52	19	-66	140	-37	33
Net Cash From Continuing Financing Activities	33	-9.70	33	-106	93	-52	19	-66	140	-37	33
Repayment of Debt	-113	-210	-131	-184	-2.31	-7.07	-385	-174	-3.67	-1.90	-692
Repurchase of Common Equity	-0.61	-0.25	-0.01	-	-0.10	-0.07	-0.00	-	-0.00	-	-9.72
Issuance of Debt	147	201	164	78	145	140	170	109	0.00	-	667

This table presents Barnes & Noble Education's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	4/30/2022	4/29/2023	4/27/2024
Total Assets	1,072	981	905
Total Current Assets	532	537	531
Cash & Equivalents	8.80	14	10
Accounts Receivable	136	93	104
Inventories, net	323	353	377
Prepaid Expenses	60	50	39
Plant, Property, & Equipment, net	74	68	53
Total Noncurrent Assets	466	376	321
Intangible Assets	127	111	94
Noncurrent Deferred & Refundable Income Taxes	0.00	0.13	0.00
Other Noncurrent Operating Assets	311	265	227
Total Liabilities & Shareholders' Equity	1,072	981	905
Total Liabilities	843	850	835
Total Current Liabilities	415	462	479
Short-Term Debt	40	-	0.00
Accounts Payable	183	268	299
Accrued Expenses	89	86	77
Other Current Liabilities	97	100	102
Total Noncurrent Liabilities	428	388	356
Long-Term Debt	186	182	196
Noncurrent Deferred & Payable Income Tax Liabilities	1.43	1.97	1.29
Other Noncurrent Operating Liabilities	241	204	158
Total Equity & Noncontrolling Interests	228	131	71
Total Preferred & Common Equity	228	131	71
Preferred Stock	0.00	0.00	0.00
Total Common Equity	228	131	71
Common Stock	741	746	750
Retained Earnings	-491	-593	-657
Treasury Stock	-22	-22	-23

This table presents Barnes & Noble Education's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/30/2022	10/29/2022	1/28/2023	7/29/2023	10/28/2023	1/27/2024	7/27/2024	10/26/2024	1/25/2025
Total Assets	1,224	1,238	1,279	1,071	1,145	1,152	1,005	1,052	1,088
Total Current Assets	686	730	814	599	716	764	601	686	758
Cash & Equivalents	7.62	17	9.42	7.66	15	8.12	8.21	12	9.19
Accounts Receivable	119	209	277	141	222	315	154	276	354
Inventories, net	472	421	444	391	416	386	406	365	368
Prepaid Expenses	57	52	53	59	63	54	33	33	27
Plant, Property, & Equipment, net	74	75	72	64	61	57	48	45	42
Total Noncurrent Assets	464	433	394	408	367	331	356	321	288
Intangible Assets	123	121	114	107	104	98	88	85	82
Noncurrent Deferred & Refundable Income Taxes	0.00	0.00	0.00	-	-	0.00	-	-	1.06
Other Noncurrent Operating Assets	340	313	279	300	263	233	268	236	205
Total Liabilities & Shareholders' Equity	1,224	1,238	1,279	1,071	1,145	1,152	1,005	1,052	1,088
Total Liabilities	1,047	1,038	1,103	990	1,039	1,054	861	847	804
Total Current Liabilities	608	576	610	516	624	850	490	524	535
Short-Term Debt	40	0.00	0.00	0.00	-	224	0.00	-	0.00
Accounts Payable	324	326	355	275	386	343	266	299	304
Accrued Expenses	89	114	133	90	112	157	76	100	130
Other Current Liabilities	150	131	116	151	126	126	148	125	101
Total Noncurrent Liabilities	438	462	493	474	415	205	371	324	270
Long-Term Debt	219	250	284	278	234	30	222	178	141
Noncurrent Deferred & Payable Income Tax Liabilities	1.43	1.43	1.60	1.84	1.94	2.01	1.31	2.05	0.00
Other Noncurrent Operating Liabilities	218	210	208	194	179	173	148	144	128
Total Equity & Noncontrolling Interests	177	200	176	81	106	97	144	205	283
Total Preferred & Common Equity	177	200	176	81	106	97	144	205	283
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	177	200	176	81	106	97	144	205	283
Common Stock	743	745	746	747	748	749	923	934	1,005
Retained Earnings	-544	-522	-547	-644	-620	-629	-756	-706	-699
Treasury Stock	-22	-22	-22	-22	-23	-23	-23	-23	-23

This table displays calculated financial ratios and metrics derived from Barnes & Noble Education's official financial filings.

Metric	2022	2023	2024
Period end date	4/30/2022	4/29/2023	4/27/2024
Growth Metrics	-	-	-
Revenue Growth	6.34%	3.17%	1.55%
EBITDA Growth	86.33%	-27.02%	250.40%
EBIT Growth	64.08%	-9.62%	66.99%
NOPAT Growth	64.08%	-9.62%	66.99%
Net Income Growth	50.75%	-47.93%	37.94%
EPS Growth	52.67%	-47.93%	37.94%
Operating Cash Flow Growth	-96.47%	7,795.78%	-105.59%
Free Cash Flow Firm Growth	-115.49%	17,585.44%	-91.68%
Invested Capital Growth	-9.06%	-33.52%	-8.30%
Revenue Q/Q Growth	2.03%	1.09%	-0.38%
EBITDA Q/Q Growth	71.00%	-169.39%	175.89%
EBIT Q/Q Growth	40.08%	-53.29%	44.34%
NOPAT Q/Q Growth	40.08%	-53.29%	44.34%
Net Income Q/Q Growth	37.56%	-53.02%	23.00%
EPS Q/Q Growth	49.81%	-53.02%	23.00%
Operating Cash Flow Q/Q Growth	408.78%	412.47%	-118.70%
Free Cash Flow Firm Q/Q Growth	96.04%	424.38%	-85.91%
Invested Capital Q/Q Growth	-1.68%	-34.45%	-25.29%
Profitability Metrics	-	-	-
Gross Margin	22.92%	22.64%	22.77%
EBITDA Margin	-1.11%	-1.37%	2.03%
Operating Margin	-4.05%	-4.31%	-1.40%
EBIT Margin	-4.05%	-4.31%	-1.40%
Profit (Net Income) Margin	-4.60%	-6.60%	-4.03%
Tax Burden Percent	97.38%	114.29%	101.47%
Interest Burden Percent	116.66%	134.14%	284.04%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-9.61%	-13.28%	-5.73%
ROIC Less NNEP Spread (ROIC-NNEP)	-24.21%	-45.72%	-34.32%
Return on Net Nonoperating Assets (RNNOA)	-16.81%	-43.45%	-57.07%
Return on Equity (ROE)	-26.41%	-56.73%	-62.79%
Cash Return on Invested Capital (CROIC)	-0.12%	26.99%	2.93%
Operating Return on Assets (OROA)	-5.77%	-6.48%	-2.33%
Return on Assets (ROA)	-6.55%	-9.93%	-6.70%
Return on Common Equity (ROCE)	-26.41%	-56.73%	-62.79%
Return on Equity Simple (ROE_SIMPLE)	-30.15%	-77.91%	-89.56%
Net Operating Profit after Tax (NOPAT)	-42	-47	-15
NOPAT Margin	-2.84%	-3.01%	-0.98%
Net Nonoperating Expense Percent (NNEP)	14.60%	32.44%	28.59%
Cost of Revenue to Revenue	77.08%	77.36%	77.23%
SG&A Expenses to Revenue	23.67%	23.17%	19.88%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.97%	26.95%	24.17%
Earnings before Interest and Taxes (EBIT)	-61	-66	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-17	-21	32
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.69	0.63	0.15
Price to Tangible Book Value (P/TBV)	1.56	4.08	0.00
Price to Revenue (P/Rev)	0.11	0.05	0.01
Price to Earnings (P/E)	0.00	0.00	0.60
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	165.70%
Enterprise Value to Invested Capital (EV/IC)	0.89	0.89	0.77
Enterprise Value to Revenue (EV/Rev)	0.25	0.16	0.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	6.18
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	323.10	2.73	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.65	24.98
Leverage & Solvency	-	-	-
Debt to Equity	0.99	1.39	2.78
Long-Term Debt to Equity	0.81	1.39	2.78
Financial Leverage	0.69	0.95	1.66
Leverage Ratio	4.03	5.71	9.37
Compound Leverage Factor	4.70	7.67	26.61
Debt to Total Capital	49.71%	58.21%	73.56%
Short-Term Debt to Total Capital	8.81%	0.00%	0.00%
Long-Term Debt to Total Capital	40.90%	58.21%	73.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.29%	41.79%	26.44%
Debt to EBITDA	-13.57	-8.62	6.18
Net Debt to EBITDA	-13.04	-7.95	5.85
Long-Term Debt to EBITDA	-11.16	-8.62	6.18
Debt to NOPAT	-5.32	-3.92	-12.79
Net Debt to NOPAT	-5.11	-3.61	-12.11
Long-Term Debt to NOPAT	-4.38	-3.92	-12.79
Altman Z-Score	0.81	0.65	0.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.28	1.16	1.11
Quick Ratio	0.35	0.23	0.24
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-0.54	95	7.87
Operating Cash Flow to CapEx	3.45%	365.34%	-36.40%
Free Cash Flow to Firm to Interest Expense	-0.05	0.00	0.00
Operating Cash Flow to Interest Expense	0.12	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3.21	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.42	1.50	1.66
Accounts Receivable Turnover	11.64	13.51	15.94
Inventory Turnover	3.64	3.53	3.31
Fixed Asset Turnover	18.38	21.78	25.89
Accounts Payable Turnover	7.20	5.30	4.27
Days Sales Outstanding (DSO)	31.37	27.02	22.90
Days Inventory Outstanding (DIO)	100.24	103.47	110.12
Days Payable Outstanding (DPO)	50.69	68.88	85.51
Cash Conversion Cycle (CCC)	80.93	61.61	47.52
Capital & Investment Metrics	-	-	-
Invested Capital	421	280	256
Invested Capital Turnover	3.39	4.41	5.85
Increase / (Decrease) in Invested Capital	-42	-141	-23
Enterprise Value (EV)	375	250	196
Market Capitalization	158	82	11
Book Value per Share	$4.39	$2.49	$1.33
Tangible Book Value per Share	$1.95	$0.38	($0.44)
Total Capital	454	313	267
Total Debt	226	182	196
Total Long-Term Debt	186	182	196
Net Debt	217	168	186
Capital Expenditures (CapEx)	34	25	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	148	61	41
Debt-free Net Working Capital (DFNWC)	156	75	52
Net Working Capital (NWC)	116	75	52
Net Nonoperating Expense (NNE)	26	55	48
Net Nonoperating Obligations (NNO)	192	149	186
Total Depreciation and Amortization (D&A)	44	45	54
Debt-free, Cash-free Net Working Capital to Revenue	9.86%	3.93%	2.65%
Debt-free Net Working Capital to Revenue	10.45%	4.85%	3.32%
Net Working Capital to Revenue	7.78%	4.85%	3.32%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($133.00)	$0.00	($23.75)
Adjusted Weighted Average Basic Shares Outstanding	517.97K	0.00	2.66M
Adjusted Diluted Earnings per Share	($133.00)	$0.00	($23.75)
Adjusted Weighted Average Diluted Shares Outstanding	517.97K	0.00	2.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	520.46K	0.00	26.21M
Normalized Net Operating Profit after Tax (NOPAT)	-37	-35	3.25
Normalized NOPAT Margin	-2.49%	-2.28%	0.21%
Pre Tax Income Margin	-4.73%	-5.78%	-3.98%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-6.00	0.00	0.00
NOPAT to Interest Expense	-4.20	0.00	0.00
EBIT Less CapEx to Interest Expense	-9.33	0.00	0.00
NOPAT Less CapEx to Interest Expense	-7.53	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-3.44%	-0.85%	-0.28%

This table displays calculated financial ratios and metrics derived from Barnes & Noble Education's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/30/2022	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.76%	-2.93%	8.75%	7.41%	3.73%	0.29%	4.25%	-2.45%	-0.28%	-1.35%	2.11%
EBITDA Growth	-28.92%	3.55%	78.60%	-144.75%	11.42%	24.25%	466.28%	90.19%	-152.23%	33.76%	109.98%
EBIT Growth	-11.96%	16.60%	54.50%	-203.80%	8.51%	24.98%	106.11%	50.75%	-119.82%	57.19%	2,381.98%
NOPAT Growth	-11.96%	17.41%	54.50%	-203.80%	8.51%	21.46%	106.11%	50.75%	-119.82%	55.65%	1,318.59%
Net Income Growth	-20.81%	-1.70%	31.93%	-322.14%	4.40%	9.19%	61.52%	40.83%	-97.43%	105.69%	173.78%
EPS Growth	-18.82%	2.44%	32.39%	-322.14%	4.40%	9.19%	61.52%	40.83%	61.32%	-79.47%	106.39%
Operating Cash Flow Growth	-67.59%	-7.72%	-95.22%	1,795.36%	-324.58%	87.72%	-11.90%	-28.46%	-16.95%	-34.18%	-17.26%
Free Cash Flow Firm Growth	-91.57%	23.49%	-127.52%	244.32%	113.30%	81.94%	999.45%	-90.29%	-415.78%	-92.29%	-174.85%
Invested Capital Growth	-9.54%	-8.14%	-0.28%	-33.52%	-12.85%	-20.44%	-19.55%	-8.30%	2.01%	14.13%	20.99%
Revenue Q/Q Growth	13.11%	138.99%	-28.03%	-44.79%	9.23%	131.06%	-25.18%	-48.34%	11.66%	128.57%	-22.55%
EBITDA Q/Q Growth	-271.87%	215.94%	-110.38%	-446.94%	-34.58%	262.64%	-69.41%	-114.65%	-3,359.66%	186.25%	-51.97%
EBIT Q/Q Growth	-302.39%	162.87%	-152.59%	-128.38%	-21.19%	185.87%	-97.43%	-1,941.26%	-440.90%	161.40%	-59.41%
NOPAT Q/Q Growth	-302.39%	191.25%	-136.23%	-128.38%	-21.19%	221.14%	-98.18%	-1,941.26%	-440.90%	185.78%	-83.39%
Net Income Q/Q Growth	-381.08%	142.01%	-213.12%	-84.64%	-8.95%	147.99%	-139.86%	-183.89%	-263.54%	150.00%	-85.70%
EPS Q/Q Growth	-380.95%	141.58%	-214.29%	-84.64%	-8.95%	147.99%	-139.86%	-183.89%	-140.93%	125.41%	-87.70%
Operating Cash Flow Q/Q Growth	-330.25%	232.31%	-183.31%	457.45%	-207.75%	158.50%	-149.67%	328.53%	-276.14%	132.93%	-188.47%
Free Cash Flow Firm Q/Q Growth	-68.85%	517.57%	-114.31%	1,351.01%	-80.70%	426.76%	-29.27%	-86.50%	-727.85%	112.87%	-786.27%
Invested Capital Q/Q Growth	-4.25%	1.36%	4.50%	-34.45%	25.53%	-7.47%	5.68%	-25.29%	39.64%	3.53%	12.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.99%	22.70%	22.15%	24.10%	19.17%	22.32%	21.91%	29.61%	17.92%	22.86%	20.67%
EBITDA Margin	-13.40%	6.50%	-0.94%	-9.29%	-11.44%	8.06%	3.29%	-0.93%	-28.95%	10.92%	6.77%
Operating Margin	-17.91%	4.71%	-3.44%	-14.24%	-15.80%	5.87%	0.20%	-7.19%	-34.82%	9.35%	4.90%
EBIT Margin	-17.91%	4.71%	-3.44%	-14.24%	-15.80%	5.87%	0.20%	-7.19%	-34.82%	9.35%	4.90%
Profit (Net Income) Margin	-20.70%	3.64%	-5.72%	-19.12%	-19.07%	3.96%	-2.11%	-11.60%	-37.76%	8.26%	1.53%
Tax Burden Percent	106.53%	93.10%	113.89%	111.60%	100.81%	96.07%	99.38%	98.48%	100.14%	97.79%	40.01%
Interest Burden Percent	108.48%	82.96%	145.88%	120.36%	119.78%	70.24%	-1,053.09%	163.85%	108.31%	90.30%	77.76%
Effective Tax Rate	0.00%	-1.61%	0.00%	0.00%	0.00%	1.25%	0.00%	0.00%	0.00%	2.21%	59.99%
Return on Invested Capital (ROIC)	-44.62%	16.74%	-8.61%	-43.92%	-45.55%	24.58%	0.58%	-29.41%	-107.67%	40.98%	8.11%
ROIC Less NNEP Spread (ROIC-NNEP)	-54.47%	13.06%	-15.26%	-56.90%	-54.09%	19.33%	-3.57%	-38.67%	-122.26%	38.20%	7.03%
Return on Net Nonoperating Assets (RNNOA)	-53.95%	10.51%	-15.87%	-54.07%	-104.02%	26.92%	-6.47%	-64.31%	-262.29%	47.31%	6.99%
Return on Equity (ROE)	-98.57%	27.25%	-24.48%	-97.99%	-149.56%	51.50%	-5.89%	-93.72%	-369.96%	88.29%	15.09%
Cash Return on Invested Capital (CROIC)	-0.79%	-1.59%	-6.82%	26.99%	2.12%	12.19%	14.50%	2.93%	-16.19%	-23.55%	-24.44%
Operating Return on Assets (OROA)	-21.91%	5.64%	-4.13%	-21.41%	-21.38%	7.66%	0.26%	-11.95%	-52.54%	13.27%	6.86%
Return on Assets (ROA)	-25.32%	4.36%	-6.86%	-28.76%	-25.82%	5.17%	-2.73%	-19.28%	-56.99%	11.72%	2.14%
Return on Common Equity (ROCE)	-98.57%	27.25%	-24.19%	-97.99%	-149.56%	51.50%	-5.89%	-93.72%	-369.96%	88.29%	15.09%
Return on Equity Simple (ROE_SIMPLE)	-44.07%	-39.07%	-37.72%	0.00%	-122.80%	-92.02%	-84.52%	0.00%	-77.77%	-42.36%	-24.71%
Net Operating Profit after Tax (NOPAT)	-32	29	-11	-24	-29	35	0.64	-12	-64	55	9.15
NOPAT Margin	-12.54%	4.79%	-2.41%	-9.97%	-11.06%	5.80%	0.14%	-5.03%	-24.37%	9.15%	1.96%
Net Nonoperating Expense Percent (NNEP)	9.85%	3.68%	6.65%	12.98%	8.54%	5.25%	4.14%	9.26%	14.58%	2.78%	1.08%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	0.18%	-	-	-	2.15%
Cost of Revenue to Revenue	78.01%	77.30%	77.85%	75.90%	80.83%	77.68%	78.09%	70.39%	82.08%	77.14%	79.33%
SG&A Expenses to Revenue	35.47%	16.26%	20.97%	31.62%	29.33%	14.08%	17.46%	28.98%	25.44%	12.11%	15.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.90%	17.99%	24.22%	40.82%	34.96%	16.45%	21.70%	39.26%	31.77%	13.51%	15.77%
Earnings before Interest and Taxes (EBIT)	-46	29	-15	-34	-42	36	0.92	-17	-92	56	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-34	40	-4.11	-22	-30	49	15	-2.20	-76	66	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.80	0.72	0.71	0.63	0.81	0.48	0.50	0.15	1.82	1.30	1.20
Price to Tangible Book Value (P/TBV)	2.64	1.81	2.00	4.08	0.00	26.39	0.00	0.00	4.66	2.23	1.69
Price to Revenue (P/Rev)	0.09	0.10	0.08	0.05	0.04	0.03	0.03	0.01	0.17	0.17	0.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.60	11.13	5.42	5.17
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	165.70%	8.98%	18.45%	19.34%
Enterprise Value to Invested Capital (EV/IC)	0.97	0.92	0.94	0.89	0.96	0.83	0.86	0.77	1.33	1.17	1.14
Enterprise Value to Revenue (EV/Rev)	0.26	0.25	0.26	0.16	0.22	0.17	0.19	0.13	0.30	0.28	0.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	25.58	6.18	0.00	183.59	25.03
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	2.73	0.00	8.65	10.75	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	2.65	42.10	6.04	5.28	24.98	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.46	1.25	1.61	1.39	3.43	2.21	2.62	2.78	1.54	0.87	0.50
Long-Term Debt to Equity	1.24	1.25	1.61	1.39	3.43	2.21	0.31	2.78	1.54	0.87	0.50
Financial Leverage	0.99	0.80	1.04	0.95	1.92	1.39	1.81	1.66	2.15	1.24	0.99
Leverage Ratio	5.79	5.27	6.08	5.71	8.90	7.78	8.88	9.37	9.21	7.07	5.89
Compound Leverage Factor	6.28	4.37	8.87	6.88	10.66	5.46	-93.56	15.35	9.97	6.38	4.58
Debt to Total Capital	59.38%	55.54%	61.66%	58.21%	77.40%	68.82%	72.36%	73.56%	60.58%	46.44%	33.26%
Short-Term Debt to Total Capital	9.19%	0.00%	0.00%	0.00%	0.00%	0.00%	63.77%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.20%	55.54%	61.66%	58.21%	77.40%	68.82%	8.59%	73.56%	60.58%	46.44%	33.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	40.62%	44.46%	38.34%	41.79%	22.60%	31.18%	27.64%	26.44%	39.42%	53.56%	66.74%
Debt to EBITDA	-10.64	-10.92	-36.19	-8.62	-16.12	-30.64	22.07	6.18	-15.58	75.33	7.47
Net Debt to EBITDA	-10.33	-10.17	-34.99	-7.95	-15.67	-28.68	21.37	5.85	-15.00	70.40	6.98
Long-Term Debt to EBITDA	-9.00	-10.92	-36.19	-8.62	-16.12	-30.64	2.62	6.18	-15.58	75.33	7.47
Debt to NOPAT	-5.64	-5.83	-9.36	-3.92	-6.34	-6.03	-9.22	-12.79	-4.41	-4.93	-6.84
Net Debt to NOPAT	-5.47	-5.42	-9.04	-3.61	-6.17	-5.64	-8.92	-12.11	-4.24	-4.61	-6.39
Long-Term Debt to NOPAT	-4.77	-5.83	-9.36	-3.92	-6.34	-6.03	-1.09	-12.79	-4.41	-4.93	-6.84
Altman Z-Score	0.65	0.92	0.81	0.76	0.61	0.83	0.54	0.73	0.52	1.09	1.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.13	1.27	1.33	1.16	1.16	1.15	0.90	1.11	1.23	1.31	1.42
Quick Ratio	0.21	0.39	0.47	0.23	0.29	0.38	0.38	0.24	0.33	0.55	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	65	-9.35	117	23	119	84	11	-71	9.17	-63
Operating Cash Flow to CapEx	-385.11%	412.88%	-655.46%	3,368.72%	-2,918.32%	1,811.04%	-1,096.29%	3,130.95%	-4,149.63%	1,550.36%	-1,513.17%
Free Cash Flow to Firm to Interest Expense	2.73	13.37	-1.35	0.00	2.73	11.15	7.92	0.00	-9.35	1.68	-12.38
Operating Cash Flow to Interest Expense	-7.50	7.85	-4.62	0.00	-14.92	6.75	-3.37	0.00	-18.90	8.68	-8.25
Operating Cash Flow Less CapEx to Interest Expense	-9.44	5.95	-5.33	0.00	-15.43	6.38	-3.68	0.00	-19.36	8.12	-8.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.22	1.20	1.20	1.50	1.35	1.30	1.29	1.66	1.51	1.42	1.40
Accounts Receivable Turnover	12.73	6.98	5.79	13.51	11.95	7.21	5.31	15.94	10.61	6.26	4.68
Inventory Turnover	2.46	2.75	2.67	3.53	2.80	2.90	2.96	3.31	3.05	3.08	3.23
Fixed Asset Turnover	18.32	17.82	18.41	21.78	22.47	22.71	24.32	25.89	27.80	29.31	31.60
Accounts Payable Turnover	3.57	3.52	3.32	5.30	4.03	3.41	3.52	4.27	4.48	3.51	3.76
Days Sales Outstanding (DSO)	28.68	52.30	63.02	27.02	30.54	50.61	68.69	22.90	34.40	58.29	77.92
Days Inventory Outstanding (DIO)	148.26	132.50	136.91	103.47	130.33	126.01	123.43	110.12	119.85	118.48	113.08
Days Payable Outstanding (DPO)	102.17	103.71	110.10	68.88	90.57	107.17	103.79	85.51	81.49	103.86	97.00
Cash Conversion Cycle (CCC)	74.77	81.09	89.82	61.61	70.30	69.45	88.33	47.52	72.76	72.91	94.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	403	408	427	280	351	325	343	256	358	371	415
Invested Capital Turnover	3.56	3.50	3.57	4.41	4.12	4.24	4.09	5.85	4.42	4.48	4.13
Increase / (Decrease) in Invested Capital	-43	-36	-1.21	-141	-52	-83	-83	-23	7.04	46	72
Enterprise Value (EV)	392	378	399	250	336	270	295	196	477	433	473
Market Capitalization	141	144	125	82	66	51	48	11	263	267	341
Book Value per Share	$3.40	$3.83	$3.36	$2.49	$1.54	$2.01	$1.83	$1.33	$5.51	$7.81	$9.38
Tangible Book Value per Share	$1.03	$1.53	$1.18	$0.38	($0.50)	$0.04	($0.02)	($0.44)	$2.16	$4.57	$6.68
Total Capital	435	451	460	313	359	340	351	267	366	382	425
Total Debt	259	250	284	182	278	234	254	196	222	178	141
Total Long-Term Debt	219	250	284	182	278	234	30	196	222	178	141
Net Debt	251	233	274	168	270	219	246	186	214	166	132
Capital Expenditures (CapEx)	7.53	9.29	4.88	3.39	4.22	3.98	3.26	2.61	3.47	3.06	2.77
Debt-free, Cash-free Net Working Capital (DFCFNWC)	110	137	195	61	75	77	130	41	103	151	214
Debt-free Net Working Capital (DFNWC)	118	154	204	75	82	92	138	52	112	162	223
Net Working Capital (NWC)	78	154	204	75	82	92	-86	52	112	162	223
Net Nonoperating Expense (NNE)	21	6.99	14	22	21	11	10	15	35	5.34	2.03
Net Nonoperating Obligations (NNO)	226	208	250	149	270	219	246	186	214	166	132
Total Depreciation and Amortization (D&A)	11	11	11	12	11	13	14	15	15	9.45	8.73
Debt-free, Cash-free Net Working Capital to Revenue	7.30%	9.16%	12.75%	3.93%	4.82%	4.95%	8.26%	2.65%	6.59%	9.68%	13.66%
Debt-free Net Working Capital to Revenue	7.80%	10.32%	13.37%	4.85%	5.31%	5.92%	8.78%	3.32%	7.12%	10.43%	14.24%
Net Working Capital to Revenue	5.15%	10.32%	13.37%	4.85%	5.31%	5.92%	-5.46%	3.32%	7.12%	10.43%	14.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($101.00)	$42.00	($48.00)	($261.00)	($96.00)	$46.00	($18.00)	$1,798.00	($7.36)	$1.87	$0.23
Adjusted Weighted Average Basic Shares Outstanding	521.72K	524.38K	526.02K	26.38K	526.42K	527.91K	531.53K	26.62K	13.51M	26.53M	30.51M
Adjusted Diluted Earnings per Share	($101.00)	$42.00	($48.00)	($261.00)	($96.00)	$46.00	($18.00)	$1,798.00	($7.36)	$1.87	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	521.72K	531.95K	526.02K	26.38K	526.42K	528.70K	531.53K	26.62K	13.51M	26.54M	30.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($261.00)	$0.00	$0.00	$0.00	$1,798.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	523.48K	525.99K	526.04K	527.05K	527.05K	531.50K	531.56K	262.08K	26.21M	30.21M	34.05M
Normalized Net Operating Profit after Tax (NOPAT)	-32	20	-7.67	-20	-26	40	7.09	-6.91	-62	55	12
Normalized NOPAT Margin	-12.43%	3.33%	-1.75%	-8.42%	-9.83%	6.49%	1.55%	-2.93%	-23.41%	9.12%	2.55%
Pre Tax Income Margin	-19.43%	3.91%	-5.02%	-17.14%	-18.92%	4.12%	-2.12%	-11.78%	-37.71%	8.45%	3.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.79	5.87	-2.18	0.00	-5.06	3.36	0.09	0.00	-12.04	10.31	4.50
NOPAT to Interest Expense	-8.25	5.96	-1.53	0.00	-3.54	3.32	0.06	0.00	-8.43	10.08	1.80
EBIT Less CapEx to Interest Expense	-13.74	3.97	-2.88	0.00	-5.57	2.99	-0.22	0.00	-12.50	9.75	3.95
NOPAT Less CapEx to Interest Expense	-10.20	4.06	-2.23	0.00	-4.05	2.95	-0.25	0.00	-8.88	9.52	1.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.27%	-1.11%	-1.30%	-0.85%	-0.35%	-0.18%	-0.21%	-0.28%	-0.07%	-0.01%	-13.90%

Frequently Asked Questions About Barnes & Noble Education's Financials

When does Barnes & Noble Education's fiscal year end?

According to the most recent income statement we have on file, Barnes & Noble Education's financial year ends in April. Their financial year 2024 ended on April 27, 2024.

How has Barnes & Noble Education's net income changed over the last 2 years?

Barnes & Noble Education's net income appears to be on a downward trend, with a most recent value of -$63.21 million in 2024, falling from -$68.86 million in 2022. The previous period was -$101.86 million in 2023. See where experts think Barnes & Noble Education is headed by visiting Barnes & Noble Education's forecast page.

What is Barnes & Noble Education's operating income?

Barnes & Noble Education's total operating income in 2024 was -$21.93 million, based on the following breakdown:

Total Gross Profit: $356.78 million
Total Operating Expenses: $378.71 million

How has Barnes & Noble Education revenue changed over the last 2 years?

Over the last 2 years, Barnes & Noble Education's total revenue changed from $1.50 billion in 2022 to $1.57 billion in 2024, a change of 4.8%.

How much debt does Barnes & Noble Education have?

Barnes & Noble Education's total liabilities were at $834.51 million at the end of 2024, a 1.8% decrease from 2023, and a 1.0% decrease since 2022.

How much cash does Barnes & Noble Education have?

In the past 2 years, Barnes & Noble Education's cash and equivalents has ranged from $8.80 million in 2022 to $14.22 million in 2023, and is currently $10.46 million as of their latest financial filing in 2024.

How has Barnes & Noble Education's book value per share changed over the last 2 years?

Over the last 2 years, Barnes & Noble Education's book value per share changed from 4.39 in 2022 to 1.33 in 2024, a change of -69.7%.

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This page (NYSE:BNED) was last updated on 5/2/2025 by MarketBeat.com Staff

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