Barnes & Noble Education (BNED) Financials

$10.62 +0.12 (+1.12%)

Closing price 05/22/2025 03:59 PM Eastern

Extended Trading

$10.52 -0.10 (-0.92%)

As of 04:02 AM 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	2024	2023	2022
Period end date	4/27/2024	4/29/2023	4/30/2022
Net Income / (Loss) Attributable to Common Shareholders	18	-56	-69
Consolidated Net Income / (Loss)	-63	-102	-69
Net Income / (Loss) Continuing Operations	-62	-90	-62
Total Pre-Tax Income	-62	-89	-71
Total Operating Income	-22	-66	-61
Total Gross Profit	357	349	343
Total Revenue	1,567	1,543	1,496
Operating Revenue	1,567	1,543	1,496
Total Cost of Revenue	1,210	1,194	1,153
Operating Cost of Revenue	1,210	1,194	1,153
Total Operating Expenses	379	416	403
Selling, General & Admin Expense	312	358	354
Depreciation Expense	41	42	42
Restructuring Charge	19	10	0.94
Other Special Charges / (Income)	7.17	6.01	6.41
Total Other Income / (Expense), net	40	23	-10
Interest Expense	-40	-23	10
Income Tax Expense	0.18	1.01	-9.15
Net Income / (Loss) Discontinued Operations	-0.73	-12	-7.30
Basic Earnings per Share	($23.75)	($38.61)	($1.33)
Weighted Average Basic Shares Outstanding	2.66M	2.64M	51.80M
Diluted Earnings per Share	($23.75)	($38.61)	($1.33)
Weighted Average Diluted Shares Outstanding	2.66M	2.64M	51.80M
Weighted Average Basic & Diluted Shares Outstanding	26.21M	52.71M	52.05M

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Barnes & Noble Education's Financials

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

According to the most recent income statement we have on file, Barnes & Noble Education's fiscal year ends in April. Their fiscal 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. Check out Barnes & Noble Education's forecast to explore projected trends and price targets.

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 5/23/2025 by MarketBeat.com Staff

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