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Barnes & Noble Education (BNED) Financials

Barnes & Noble Education logo
$11.86 +0.03 (+0.26%)
Closing price 07/24/2026 03:59 PM Eastern
Extended Trading
$12.20 +0.33 (+2.82%)
As of 07/24/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Barnes & Noble Education

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/29/2017 4/28/2018 4/27/2019 5/2/2020 5/1/2021 4/30/2022 4/29/2023 4/27/2024 5/3/2025 5/2/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.08 5.36 63 34 -38 -140 -69 -56 -76 -66 17
Consolidated Net Income / (Loss)		 0.08 5.36 -253 -24 -38 -140 -69 -102 -76 -66 17
Net Income / (Loss) Continuing Operations		 0.08 5.36 63 34 -38 -134 -62 -90 -75 -66 17
Total Pre-Tax Income 		2.75 10 -273 -37 -50 -177 -71 -89 -74 -62 21
Total Operating Income		 4.62 14 -263 -28 -43 -169 -61 -66 -34 16 37
Total Gross Profit		 455 459 557 528 443 230 343 349 345 338 366
Total Revenue		 1,808 1,874 2,204 2,035 1,851 1,407 1,496 1,543 1,567 1,610 1,715
Operating Revenue		 1,808 1,874 2,204 2,035 1,851 1,407 1,496 1,543 1,567 1,610 1,715
Total Cost of Revenue		 1,353 1,415 1,646 1,507 1,409 1,176 1,153 1,194 1,222 1,272 1,349
Operating Cost of Revenue		 1,353 1,415 1,646 1,507 1,409 1,176 1,153 1,194 1,222 1,272 1,349
Total Operating Expenses		 450 446 505 497 485 399 403 416 379 322 330
Selling, General & Admin Expense		 374 381 434 424 404 316 354 358 312 284 289
Depreciation Expense		 53 53 66 66 62 45 42 42 41 38 33
Impairment Charge		 - - - - - - - - 7.17 1.71 13
Other Special Charges / (Income)		 12 0.00 - - 0.43 28 6.41 6.01 19 -1.57 -4.28
Total Other Income / (Expense), net		 -1.87 -3.46 -10 -9.78 -7.45 -8.09 -10 23 -40 -77 -16
Interest Expense		 1.87 3.46 10 9.78 7.45 8.09 10 -23 0.00 55 0.00
Interest & Investment Income		 - - - - - - - - -40 -22 -16
Income Tax Expense		 2.67 4.73 -20 -13 -12 -43 -9.15 1.01 0.86 4.26 3.80
Basic Earnings per Share		 $0.00 $0.00 ($5.40) ($0.52) ($0.80) ($2.81) ($1.33) ($38.61) ($28.46) ($2.50) $0.49
Weighted Average Basic Shares Outstanding		 46.24M 46.32M 46.76M 47.31M 48.01M 49.67M 51.80M 2.64M 2.66M 26.30M 34.33M
Diluted Earnings per Share		 $0.00 $0.00 ($5.40) ($0.52) ($0.80) ($2.81) ($1.33) ($38.61) ($28.46) ($2.50) $0.49
Weighted Average Diluted Shares Outstanding		 46.48M 46.76M 46.76M 47.31M 48.01M 49.67M 51.80M 2.64M 2.66M 26.30M 34.61M
Weighted Average Basic & Diluted Shares Outstanding		 46.31M 44.70M 46.80M 46.90M 48.49M 51.38M 52.05M 52.71M 26.21M - 34.64M

Quarterly Income Statements for Barnes & Noble Education

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/28/2023 1/27/2024 4/27/2024 7/27/2024 10/26/2024 1/25/2025 5/3/2025 8/2/2025 11/1/2025 1/31/2026 5/2/2026
Net Income / (Loss) Attributable to Common Shareholders		 24 -9.64 48 -104 43 18 -23 -18 25 6.66 3.48
Consolidated Net Income / (Loss)		 24 -9.64 -27 -104 43 18 -23 -18 25 6.66 3.48
Net Income / (Loss) Continuing Operations		 25 -9.93 -33 -104 43 18 -23 -18 25 6.66 3.48
Total Pre-Tax Income 		25 -9.70 -28 -102 42 14 -16 -27 37 9.74 0.94
Total Operating Income		 36 0.92 -17 -39 47 19 -11 -23 41 15 4.29
Total Gross Profit		 136 100 70 45 128 94 71 55 130 96 85
Total Revenue		 610 457 236 263 602 463 282 288 644 515 267
Operating Revenue		 610 457 236 263 602 463 282 288 644 515 267
Total Cost of Revenue		 474 357 166 218 474 369 211 233 515 419 182
Operating Cost of Revenue		 474 357 166 218 474 369 211 233 515 419 182
Total Operating Expenses		 100 99 93 84 81 75 82 79 89 81 81
Selling, General & Admin Expense		 86 80 68 67 73 72 72 68 77 73 71
Depreciation Expense		 10 10 9.98 13 8.54 7.83 8.50 9.19 7.63 7.43 8.52
Other Special Charges / (Income)		 - 5.80 - 3.62 -0.15 -6.27 1.23 1.50 4.11 1.04 -11
Total Other Income / (Expense), net		 -11 -11 70 -63 -5.46 -5.08 -4.10 -3.75 -3.89 -4.88 -3.35
Interest & Investment Income		 - - - -7.62 -5.46 -5.08 -4.10 -3.75 -3.89 -4.88 -3.35
Income Tax Expense		 0.31 0.23 -0.35 2.36 -1.48 -4.11 7.49 -8.64 12 3.08 -2.55
Basic Earnings per Share		 $9.11 ($3.60) $17.98 ($7.69) $1.63 $0.59 ($0.87) ($0.54) $0.73 $0.19 $0.10
Weighted Average Basic Shares Outstanding		 2.66M 2.67M 2.66M 13.51M 26.53M 30.51M 26.30M 34.05M 34.05M 34.45M 34.33M
Diluted Earnings per Share		 $9.11 ($3.60) $17.98 ($7.69) $1.63 $0.59 ($0.87) ($0.54) $0.72 $0.19 $0.10
Weighted Average Diluted Shares Outstanding		 2.66M 2.67M 2.66M 13.51M 26.54M 30.64M 26.30M 34.05M 34.54M 34.66M 34.61M
Basic & Diluted Earnings per Share		 - - $17.98 - - - ($0.87) - - - $0.10
Weighted Average Basic & Diluted Shares Outstanding		 53.15M 53.16M 26.21M 26.21M 30.21M 34.05M 0.00 - 34.05M 34.30M 34.64M

Annual Cash Flow Statements for Barnes & Noble Education

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/29/2017 4/28/2018 4/27/2019 5/2/2020 5/1/2021 4/30/2022 4/29/2023 4/27/2024 5/3/2025 5/2/2026
Net Change in Cash & Equivalents		 -14 -9.17 -4.83 -2.10 -5.76 7.81 4.22 -220 -3.42 0.15 -0.50
Net Cash From Operating Activities		 83 68 60 122 -8.68 33 1.16 92 -5.12 -85 50
Net Cash From Continuing Operating Activities		 83 68 60 122 -8.68 27 -16 91 -1.55 -85 50
Net Income / (Loss) Continuing Operations		 0.08 5.36 -253 -24 -38 -134 -62 -90 -75 -66 17
Consolidated Net Income / (Loss)		 0.08 5.36 -253 -24 -38 -140 -69 -102 -76 -66 17
Depreciation Expense		 53 53 66 66 62 45 42 42 41 38 33
Amortization Expense		 0.49 0.79 1.50 2.65 5.18 1.86 1.86 3.16 13 5.16 3.66
Non-Cash Adjustments To Reconcile Net Income		 19 9.37 322 67 7.07 47 13 11 13 62 19
Changes in Operating Assets and Liabilities, net		 11 -0.85 -76 11 -45 66 -11 -107 6.57 -125 -22
Net Cash From Investing Activities		 -69 -224 -100 -56 -37 -37 -43 -31 7.40 -12 -16
Net Cash From Continuing Investing Activities		 -69 -224 -100 -56 -37 -27 -33 -25 -14 -12 -16
Purchase of Property, Plant & Equipment		 -51 -35 -43 -46 -36 -28 -34 -25 -14 -13 -16
Sale of Property, Plant & Equipment		 -0.11 -3.05 - - - - - - 0.08 0.79 0.00
Net Cash From Financing Activities		 -28 147 35 -68 40 12 46 -50 -5.70 98 -34
Net Cash From Continuing Financing Activities		 -28 147 35 -68 40 12 46 -50 -5.70 98 -34
Repayment of Debt		 -64 -156 -638 -587 -560 -721 -584 -639 -569 -954 -847
Repurchase of Common Equity		 -19 -9.41 -1.64 -1.98 -1.27 -0.89 -2.37 -0.86 -0.18 -9.92 0.00
Issuance of Debt		 61 313 675 521 601 723 632 590 563 932 813
Issuance of Common Equity		 - - - 0.00 0.00 11 0.00 - 0.00 128 0.00
Other Financing Activities, net		 -6.42 - - - 0.00 0.00 0.26 0.00 0.00 1.57 -0.37
Cash Interest Paid		 1.15 2.08 8.04 8.59 6.80 6.78 8.17 19 25 18 13
Cash Income Taxes Paid		 14 1.47 26 10 -4.14 6.01 -8.01 -15 -7.29 2.13 7.92

Quarterly Cash Flow Statements for Barnes & Noble Education

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 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q3 2026 Q4 2026
Period end date 7/29/2023 10/28/2023 1/27/2024 4/27/2024 7/27/2024 10/26/2024 1/25/2025 5/3/2025 8/2/2025 1/31/2026 5/2/2026
Net Change in Cash & Equivalents		 37 199 -253 21 -7.30 42 153 12 -6.34 -18 9.80
Net Cash From Operating Activities		 -123 72 -36 82 -144 47 -42 53 -68 -29 81
Net Cash From Continuing Operating Activities		 -120 73 -36 82 -144 47 -42 53 -68 -29 81
Net Income / (Loss) Continuing Operations		 -50 25 -9.93 -27 -104 50 7.11 -23 -18 6.66 3.48
Consolidated Net Income / (Loss)		 -50 24 -9.64 -27 -104 50 7.11 -23 -18 6.66 3.48
Depreciation Expense		 10 10 10 9.98 13 8.53 7.81 8.50 9.19 7.43 8.52
Amortization Expense		 1.24 3.16 3.97 4.77 2.42 0.92 0.92 0.92 0.92 0.92 0.92
Non-Cash Adjustments To Reconcile Net Income		 0.96 0.80 8.36 11 54 1.26 60 2.43 2.54 1.33 13
Changes in Operating Assets and Liabilities, net		 -82 33 -48 81 -109 -15 -61 64 -62 -46 55
Net Cash From Investing Activities		 17 -3.98 -3.26 -2.61 -3.74 -2.49 -2.77 -3.10 -3.74 -3.73 -4.42
Net Cash From Continuing Investing Activities		 -4.14 -3.98 -3.26 -2.61 -3.74 -2.49 -2.77 -3.10 -3.74 -3.73 -4.42
Purchase of Property, Plant & Equipment		 -4.22 -3.98 -3.26 -2.61 -3.96 -3.06 -2.77 -3.10 -3.74 -3.73 -4.42
Net Cash From Financing Activities		 93 -52 19 -66 140 -37 33 -38 65 15 -67
Net Cash From Continuing Financing Activities		 93 -52 19 -66 140 -37 33 -38 65 15 -67
Repayment of Debt		 -2.31 -7.07 -385 -174 -164 -1.90 -692 -258 -98 -239 -276
Repurchase of Common Equity		 -0.10 -0.07 -0.00 - -9.53 - -9.72 -0.19 0.00 -0.80 0.80
Issuance of Debt		 145 140 170 109 218 - 667 220 163 255 209
Other Financing Activities, net		 - - - - 46 - - 0.77 0.00 0.01 0.01
Cash Interest Paid		 - - - - 4.73 - - 3.41 2.93 4.31 2.57
Cash Income Taxes Paid		 - - - - 0.20 - - 4.15 0.19 1.41 6.19

Annual Balance Sheets for Barnes & Noble Education

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/29/2017 4/28/2018 4/27/2019 5/2/2020 5/1/2021 4/30/2022 4/29/2023 4/27/2024 5/3/2025 5/2/2026
Total Assets		 1,072 1,300 1,039 946 1,156 1,031 1,072 981 910 790 740
Total Current Assets		 446 603 619 591 585 501 532 537 521 465 484
Cash & Equivalents		 29 19 16 14 8.24 8.02 8.80 14 10 9.06 8.42
Accounts Receivable		 51 86 100 98 91 121 136 93 99 98 117
Inventories, net		 361 487 491 467 470 310 323 353 372 326 325
Prepaid Expenses		 6.45 11 12 12 16 62 60 50 39 32 34
Plant, Property, & Equipment, net		 111 117 111 110 98 89 74 68 53 40 34
Total Noncurrent Assets		 514 581 309 245 474 441 466 376 336 285 221
Intangible Assets		 200 210 219 195 175 151 127 111 94 78 58
Other Noncurrent Operating Assets		 33 41 40 43 286 270 311 265 242 206 163
Total Liabilities & Shareholders' Equity		 1,072 1,300 1,039 946 1,156 1,031 1,072 981 910 790 740
Total Liabilities		 363 586 571 496 739 738 843 850 830 518 445
Total Current Liabilities		 258 413 413 409 407 374 415 462 475 279 284
Accounts Payable		 152 193 188 187 144 138 183 268 299 149 136
Accrued Expenses		 106 120 126 122 95 94 89 86 99 66 81
Other Current Liabilities		 - - - 0.00 93 93 97 100 77 65 67
Total Noncurrent Liabilities		 105 173 158 87 332 364 428 388 355 239 162
Long-Term Debt		 0.00 60 96 34 100 128 186 182 196 103 71
Noncurrent Deferred & Payable Income Tax Liabilities		 30 17 2.11 - - 0.00 1.43 1.97 1.96 1.14 0.00
Other Noncurrent Operating Liabilities		 75 96 59 54 232 237 241 204 157 135 91
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 708 714 468 451 418 293 228 131 80 272 294
Total Preferred & Common Equity		 708 714 468 451 418 293 228 131 80 272 294
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 708 714 468 451 418 293 228 131 80 272 294
Common Stock		 700 709 718 727 733 735 741 746 750 1,007 1,013
Retained Earnings		 27 32 -220 -245 -283 -423 -491 -593 -647 -713 -696
Treasury Stock		 -19 -28 -30 -32 -33 -19 -22 -22 -23 -23 -23

Quarterly Balance Sheets for Barnes & Noble Education

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/29/2022 1/28/2023 7/29/2023 10/28/2023 1/27/2024 7/27/2024 10/26/2024 1/25/2025 8/2/2025 11/1/2025 1/31/2026
Total Assets		 1,238 1,279 1,071 1,145 1,152 1,005 1,052 1,088 951 1,063 1,130
Total Current Assets		 730 814 599 716 764 601 686 758 621 743 826
Cash & Equivalents		 17 9.42 7.66 15 8.12 8.21 12 9.19 7.34 12 10
Accounts Receivable		 209 277 141 222 315 154 276 354 162 315 416
Inventories, net		 421 444 391 416 386 406 365 368 409 378 373
Prepaid Expenses		 52 53 59 63 54 33 33 27 43 39 26
Plant, Property, & Equipment, net		 75 72 64 61 57 48 45 42 39 38 37
Total Noncurrent Assets		 433 394 408 367 331 356 321 288 291 282 267
Intangible Assets		 121 114 107 104 98 88 85 82 74 71 68
Other Noncurrent Operating Assets		 313 279 300 263 233 268 236 205 217 211 199
Total Liabilities & Shareholders' Equity		 1,238 1,279 1,071 1,145 1,152 1,005 1,052 1,088 951 1,063 1,130
Total Liabilities		 1,038 1,103 990 1,039 1,054 861 847 804 694 780 840
Total Current Liabilities		 576 610 516 624 850 490 524 535 386 525 580
Accounts Payable		 326 355 275 386 343 266 299 304 237 345 319
Accrued Expenses		 114 133 90 112 157 76 100 130 70 104 187
Other Current Liabilities		 131 116 151 126 126 148 125 101 79 76 74
Total Noncurrent Liabilities		 462 493 474 415 205 371 324 270 309 255 261
Long-Term Debt		 250 284 278 234 30 222 178 141 170 123 138
Noncurrent Deferred & Payable Income Tax Liabilities		 1.43 1.60 1.84 1.94 2.01 1.31 2.05 0.00 2.57 0.60 0.09
Other Noncurrent Operating Liabilities		 210 208 194 179 173 148 144 128 136 132 122
Commitments & Contingencies		 0.00 0.00 - - - - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 200 176 81 106 97 144 205 283 256 283 290
Total Preferred & Common Equity		 200 176 81 106 97 144 205 283 256 283 290
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 200 176 81 106 97 144 205 283 256 283 290
Common Stock		 745 746 747 748 749 923 934 1,005 1,010 1,012 1,012
Retained Earnings		 -522 -547 -644 -620 -629 -756 -706 -699 -731 -706 -699
Treasury Stock		 -22 -22 -22 -23 -23 -23 -23 -23 -23 -23 -23

Annual Metrics And Ratios for Barnes & Noble Education

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/29/2017 4/28/2018 4/27/2019 5/2/2020 5/1/2021 4/30/2022 4/29/2023 4/27/2024 5/3/2025 5/2/2026
DEI Shares Outstanding		 47,401,667.00 46,447,885.00 46,914,466.00 47,560,891.00 48,297,554.00 51,378,913.00 - - - 34,053,847.00 34,296,119.00
DEI Adjusted Shares Outstanding		 474,017.00 464,479.00 469,145.00 475,609.00 482,976.00 513,789.00 - - - 34,053,847.00 34,296,119.00
DEI Earnings Per Adjusted Shares Outstanding		 0.18 11.54 133.45 71.55 -79.20 -272.12 - - - -1.93 0.49
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.98% 3.67% 17.57% -7.67% -9.02% -24.02% 6.34% 3.17% 1.55% 2.75% 6.50%
EBITDA Growth		 -31.25% 17.07% -389.09% 120.89% -40.64% -601.78% 86.33% -27.02% 250.40% 196.41% 23.59%
EBIT Growth		 -86.22% 193.21% -2,038.05% 89.47% -54.71% -294.46% 64.08% -9.62% 66.99% 147.12% 129.45%
NOPAT Growth		 -99.27% 5,001.51% -2,653.59% 89.47% -54.71% -294.46% 64.08% -9.62% 66.99% 147.12% 167.53%
Net Income Growth		 -99.56% 6,282.14% -4,811.17% 90.35% -56.93% -265.52% 50.75% -47.93% 37.94% 13.10% 125.63%
EPS Growth		 -100.00% 0.00% 0.00% 90.37% -53.85% -251.25% 52.67% -47.93% 37.94% 91.22% 119.60%
Operating Cash Flow Growth		 368.73% -18.17% -11.68% 102.84% -107.12% 479.16% -96.47% 7,795.78% -105.59% -1,567.57% 158.61%
Free Cash Flow Firm Growth		 -331.72% 75.39% 113.26% 164.99% -174.95% 107.92% -115.49% 17,585.44% -91.68% -765.62% 143.95%
Invested Capital Growth		 0.00% 25.67% -24.12% -12.05% 2.47% -20.82% -9.06% -33.52% -8.30% 37.54% -2.51%
Revenue Q/Q Growth		 1.16% 2.63% 0.68% -1.13% -4.02% -4.19% 2.03% 1.09% -0.38% 2.93% -0.85%
EBITDA Q/Q Growth		 -6.30% 16.60% 1.76% -61.34% 37.94% -13.18% 71.00% -169.39% 175.89% 25.68% 27.48%
EBIT Q/Q Growth		 -49.42% 171.97% 0.32% -173.48% 15.17% 0.33% 40.08% -53.29% 44.34% 1,179.59% 75.42%
NOPAT Q/Q Growth		 -95.46% 48.63% 0.32% -136.03% 15.17% 0.33% 40.08% -53.29% 44.34% 1,179.59% 162.82%
Net Income Q/Q Growth		 -96.80% 129.30% 6.25% -162.66% 13.33% -9.43% 37.56% -53.02% 23.00% 20.43% 275.46%
EPS Q/Q Growth		 100.00% -100.00% 8.01% -164.20% 15.79% -8.49% 49.81% -53.02% 23.00% 7.75% 275.00%
Operating Cash Flow Q/Q Growth		 330.46% -35.86% -5.22% 27.48% -122.87% 155.28% 408.78% 412.47% -118.70% -51.74% 128.86%
Free Cash Flow Firm Q/Q Growth		 0.00% -584.87% 115.51% 16.85% -620.37% 103.88% 96.04% 424.38% -85.91% -21.49% 177.48%
Invested Capital Q/Q Growth		 11.36% 47.08% 20.20% 5.04% 13.76% -4.63% -1.68% -34.45% -25.29% -11.82% -14.64%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.15% 24.49% 25.29% 25.94% 23.91% 16.38% 22.92% 22.64% 22.77% 20.98% 21.35%
EBITDA Margin		 3.20% 3.61% -8.88% 2.01% 1.31% -8.65% -1.11% -1.37% 2.03% 3.67% 4.25%
Operating Margin		 0.26% 0.72% -11.92% -1.36% -2.31% -12.00% -4.05% -4.31% -1.40% 0.99% 2.13%
EBIT Margin		 0.26% 0.72% -11.92% -1.36% -2.31% -12.00% -4.05% -4.31% -1.40% 0.99% 2.13%
Profit (Net Income) Margin		 0.00% 0.29% -11.46% -1.20% -2.07% -9.94% -4.60% -6.60% -4.03% -4.09% 0.98%
Tax Burden Percent		 3.05% 53.13% 92.51% 65.11% 76.15% 79.06% 97.38% 114.29% 101.47% 106.91% 81.62%
Interest Burden Percent		 59.51% 74.44% 103.92% 135.37% 117.40% 104.79% 116.66% 134.14% 284.04% -386.64% 56.58%
Effective Tax Rate		 96.95% 46.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18.38%
Return on Invested Capital (ROIC)		 0.04% 0.94% -24.48% -3.18% -5.19% -22.57% -9.61% -13.28% -5.73% 3.52% 8.25%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.06% -2.35% -67.28% -6.52% -11.00% -35.47% -24.21% -45.72% -34.32% -51.47% -8.29%
Return on Net Nonoperating Assets (RNNOA)		 -0.03% -0.18% -18.27% -2.13% -3.62% -16.77% -16.81% -43.45% -57.07% -40.86% -2.29%
Return on Equity (ROE)		 0.01% 0.75% -42.75% -5.31% -8.81% -39.34% -26.41% -56.73% -62.79% -37.34% 5.96%
Cash Return on Invested Capital (CROIC)		 -199.96% -21.81% 2.95% 9.65% -7.63% 0.67% -0.12% 26.99% 2.93% -28.08% 10.79%
Operating Return on Assets (OROA)		 0.83% 1.14% -22.46% -2.79% -4.07% -15.43% -5.77% -6.48% -2.33% 1.87% 4.78%
Return on Assets (ROA)		 0.02% 0.45% -21.60% -2.46% -3.64% -12.78% -6.55% -9.93% -6.70% -7.74% 2.21%
Return on Common Equity (ROCE)		 0.01% 0.75% -42.75% -5.31% -8.81% -39.34% -26.41% -56.73% -62.79% -37.34% 5.96%
Return on Equity Simple (ROE_SIMPLE)		 0.01% 0.75% -53.97% -5.41% -9.16% 0.00% -30.15% -77.91% -89.56% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.14 7.20 -184 -19 -30 -118 -42 -47 -15 11 30
NOPAT Margin		 0.01% 0.38% -8.35% -0.95% -1.62% -8.40% -2.84% -3.01% -0.98% 0.69% 1.74%
Net Nonoperating Expense Percent (NNEP)		 -0.02% 3.29% 42.80% 3.35% 5.81% 12.90% 14.60% 32.44% 28.59% 55.00% 16.54%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - -25.10% - - - 2.97% 8.16%
Cost of Revenue to Revenue		 74.85% 75.51% 74.71% 74.06% 76.09% 83.62% 77.08% 77.36% 77.23% 79.02% 78.65%
SG&A Expenses to Revenue		 20.70% 20.32% 19.68% 20.83% 21.85% 22.48% 23.67% 23.17% 19.88% 17.63% 16.83%
R&D to Revenue		 0.00% 0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 24.89% 23.77% 22.91% 24.43% 26.22% 28.38% 26.97% 26.95% 24.17% 19.99% 19.22%
Earnings before Interest and Taxes (EBIT)		 4.62 14 -263 -28 -43 -169 -61 -66 -22 16 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 68 -196 41 24 -122 -17 -21 32 59 73
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.63 0.68 0.74 0.46 0.20 1.39 0.69 0.63 0.15 1.30 1.20
Price to Tangible Book Value (P/TBV)		 1.95 2.77 1.74 0.83 0.34 2.96 1.56 4.08 0.00 1.82 1.49
Price to Revenue (P/Rev)		 0.25 0.26 0.16 0.10 0.04 0.29 0.11 0.05 0.01 0.22 0.21
Price to Earnings (P/E)		 5,281.90 90.19 5.56 6.15 0.00 0.00 0.00 0.00 0.60 0.00 20.88
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		 0.02% 1.11% 17.99% 16.26% 0.00% 0.00% 0.00% 0.00% 165.70% 0.00% 4.79%
Enterprise Value to Invested Capital (EV/IC)		 0.61 0.73 0.82 0.58 0.42 1.25 0.89 0.89 0.77 1.22 1.16
Enterprise Value to Revenue (EV/Rev)		 0.23 0.33 0.24 0.16 0.13 0.41 0.25 0.16 0.13 0.28 0.24
Enterprise Value to EBITDA (EV/EBITDA)		 7.18 9.22 0.00 8.05 10.23 0.00 0.00 0.00 6.18 7.57 5.69
Enterprise Value to EBIT (EV/EBIT)		 89.79 46.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28.06 11.35
Enterprise Value to NOPAT (EV/NOPAT)		 2,940.71 86.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.09 13.91
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.00 9.18 8.80 2.70 0.00 17.51 323.10 2.73 0.00 0.00 8.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 23.83 5.59 0.00 165.10 0.00 2.65 24.98 0.00 10.63
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.22 0.42 0.30 0.42 0.61 0.99 1.39 2.78 0.38 0.24
Long-Term Debt to Equity		 0.00 0.08 0.21 0.07 0.24 0.44 0.81 1.39 2.78 0.38 0.24
Financial Leverage		 -0.53 0.08 0.27 0.33 0.33 0.47 0.69 0.95 1.66 0.79 0.28
Leverage Ratio		 0.78 1.67 1.98 2.16 2.42 3.08 4.03 5.71 9.37 4.82 2.70
Compound Leverage Factor		 0.46 1.24 2.06 2.93 2.84 3.23 4.70 7.67 26.61 -18.64 1.53
Debt to Total Capital		 0.00% 18.28% 29.56% 22.85% 29.49% 37.74% 49.71% 58.21% 73.56% 27.47% 19.43%
Short-Term Debt to Total Capital		 0.00% 11.45% 15.05% 17.12% 12.66% 10.62% 8.81% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 6.82% 14.51% 5.74% 16.83% 27.11% 40.90% 58.21% 73.56% 27.47% 19.43%
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		 100.00% 81.72% 70.44% 77.15% 70.51% 62.26% 50.29% 41.79% 26.44% 72.53% 80.57%
Debt to EBITDA		 0.00 2.36 -1.00 3.27 7.20 -1.46 -13.57 -8.62 6.18 1.75 0.97
Net Debt to EBITDA		 0.00 2.08 -0.92 2.92 6.86 -1.39 -13.04 -7.95 5.85 1.59 0.86
Long-Term Debt to EBITDA		 0.00 0.88 -0.49 0.82 4.11 -1.05 -11.16 -8.62 6.18 1.75 0.97
Debt to NOPAT		 0.00 22.16 -1.07 -6.90 -5.83 -1.50 -5.32 -3.92 -12.79 9.25 2.38
Net Debt to NOPAT		 0.00 19.52 -0.98 -6.17 -5.56 -1.44 -5.11 -3.61 -12.11 8.44 2.10
Long-Term Debt to NOPAT		 0.00 8.28 -0.52 -1.73 -3.33 -1.08 -4.38 -3.92 -12.79 9.25 2.38
Altman Z-Score		 2.68 2.18 1.59 2.18 1.39 0.73 0.81 0.65 0.71 1.53 1.96
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.73 1.46 1.50 1.45 1.44 1.34 1.28 1.16 1.11 1.67 1.71
Quick Ratio		 0.31 0.25 0.28 0.27 0.24 0.35 0.35 0.23 0.24 0.38 0.44
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -680 -167 22 59 -44 3.49 -0.54 95 7.87 -89 39
Operating Cash Flow to CapEx		 163.22% 180.25% 140.26% 262.37% -23.97% 119.35% 3.45% 365.34% -36.40% -705.83% 309.07%
Free Cash Flow to Firm to Interest Expense		 -363.08 -48.29 2.15 6.01 -5.92 0.43 -0.05 0.00 0.00 -1.61 0.00
Operating Cash Flow to Interest Expense		 44.38 19.63 5.83 12.45 -1.17 4.07 0.12 0.00 0.00 -1.55 0.00
Operating Cash Flow Less CapEx to Interest Expense		 17.19 8.74 1.67 7.71 -6.03 0.66 -3.21 0.00 0.00 -1.77 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 3.24 1.58 1.88 2.05 1.76 1.29 1.42 1.50 1.66 1.89 2.24
Accounts Receivable Turnover		 0.00 27.37 23.68 20.52 19.58 13.27 11.64 13.51 15.94 16.35 15.98
Inventory Turnover		 0.00 3.34 3.37 3.14 3.01 3.02 3.64 3.53 3.31 3.64 4.14
Fixed Asset Turnover		 0.00 16.46 19.34 18.41 17.84 15.05 18.38 21.78 25.89 34.57 46.13
Accounts Payable Turnover		 0.00 8.21 8.65 8.04 8.52 8.36 7.20 5.30 4.27 5.68 9.48
Days Sales Outstanding (DSO)		 0.00 13.34 15.41 17.79 18.64 27.50 31.37 27.02 22.90 22.32 22.84
Days Inventory Outstanding (DIO)		 0.00 109.27 108.44 116.10 121.40 120.94 100.24 103.47 110.12 100.17 88.15
Days Payable Outstanding (DPO)		 0.00 44.48 42.19 45.38 42.82 43.64 50.69 68.88 85.51 64.26 38.49
Cash Conversion Cycle (CCC)		 0.00 78.13 81.65 88.51 97.22 104.80 80.93 61.61 47.52 58.23 72.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 680 854 648 570 584 463 421 280 256 366 357
Invested Capital Turnover		 5.32 2.44 2.93 3.34 3.21 2.69 3.39 4.41 5.85 5.09 4.74
Increase / (Decrease) in Invested Capital		 680 174 -206 -78 14 -122 -42 -141 -23 100 -9.21
Enterprise Value (EV)		 415 624 528 329 248 576 375 250 196 447 415
Market Capitalization		 444 484 348 209 82 406 158 82 11 353 352
Book Value per Share		 $14.94 $15.37 $9.97 $9.47 $8.65 $5.70 $4.39 $2.49 $1.33 $7.99 $8.59
Tangible Book Value per Share		 $4.81 $3.75 $4.25 $5.28 $4.93 $2.67 $1.95 $0.38 ($0.44) $5.70 $6.89
Total Capital		 708 873 664 584 592 471 454 313 267 375 365
Total Debt		 0.00 160 196 134 175 178 226 182 196 103 71
Total Long-Term Debt		 0.00 60 96 34 100 128 186 182 196 103 71
Net Debt		 -29 141 180 119 166 170 217 168 186 94 63
Capital Expenditures (CapEx)		 51 38 43 46 36 28 34 25 14 12 16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 160 270 290 269 245 169 148 61 41 177 192
Debt-free Net Working Capital (DFNWC)		 188 289 306 283 253 177 156 75 52 186 201
Net Working Capital (NWC)		 188 189 206 183 178 127 116 75 52 186 201
Net Nonoperating Expense (NNE)		 0.06 1.84 69 5.02 8.30 22 26 55 48 77 13
Net Nonoperating Obligations (NNO)		 -29 141 180 119 166 170 192 149 186 94 63
Total Depreciation and Amortization (D&A)		 53 54 67 69 67 47 44 45 54 43 36
Debt-free, Cash-free Net Working Capital to Revenue		 8.84% 14.43% 13.15% 13.21% 13.24% 12.02% 9.86% 3.93% 2.65% 11.00% 11.22%
Debt-free Net Working Capital to Revenue		 10.42% 15.44% 13.88% 13.90% 13.68% 12.60% 10.45% 4.85% 3.32% 11.56% 11.71%
Net Working Capital to Revenue		 10.42% 10.11% 9.34% 8.99% 9.63% 9.04% 7.78% 4.85% 3.32% 11.56% 11.71%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $12.00 ($540.00) ($52.00) ($80.00) ($265.00) ($133.00) $0.00 ($23.75) ($2.50) $0.49
Adjusted Weighted Average Basic Shares Outstanding		 462.38K 463.17K 467.63K 473.06K 480.13K 496.69K 517.97K 0.00 2.66M 26.30M 34.33M
Adjusted Diluted Earnings per Share		 $0.00 $11.00 ($540.00) ($52.00) ($80.00) ($265.00) ($133.00) $0.00 ($23.75) ($2.50) $0.49
Adjusted Weighted Average Diluted Shares Outstanding		 464.79K 467.63K 467.63K 473.06K 480.13K 496.69K 517.97K 0.00 2.66M 26.30M 34.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 463.08K 465.17K 469.17K 475.63K 484.86K 513.84K 520.46K 0.00 26.21M 0.00 34.64M
Normalized Net Operating Profit after Tax (NOPAT)		 18 8.15 -180 -14 -17 -92 -37 -35 3.25 11 37
Normalized NOPAT Margin		 0.98% 0.43% -8.17% -0.70% -0.90% -6.52% -2.49% -2.28% 0.21% 0.70% 2.13%
Pre Tax Income Margin		 0.15% 0.54% -12.39% -1.84% -2.71% -12.57% -4.73% -5.78% -3.98% -3.82% 1.21%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.47 3.91 -25.49 -2.83 -5.75 -20.87 -6.00 0.00 0.00 0.29 0.00
NOPAT to Interest Expense		 0.08 2.08 -17.84 -1.98 -4.02 -14.61 -4.20 0.00 0.00 0.20 0.00
EBIT Less CapEx to Interest Expense		 -24.72 -6.98 -29.64 -7.57 -10.61 -24.28 -9.33 0.00 0.00 0.07 0.00
NOPAT Less CapEx to Interest Expense		 -27.12 -8.81 -22.00 -6.73 -8.88 -18.02 -7.53 0.00 0.00 -0.02 0.00
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		 22,160.71% 175.43% -0.65% -8.11% -3.31% -0.64% -3.44% -0.85% -0.28% -15.07% 0.00%

Quarterly Metrics And Ratios for Barnes & Noble Education

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/28/2023 1/27/2024 4/27/2024 7/27/2024 10/26/2024 1/25/2025 5/3/2025 8/2/2025 11/1/2025 1/31/2026 5/2/2026
DEI Shares Outstanding		 - - - - - - 34,053,847.00 34,053,847.00 34,053,847.00 68,107,694.00 34,296,119.00
DEI Adjusted Shares Outstanding		 - - - - - - 34,053,847.00 34,053,847.00 34,053,847.00 68,107,694.00 34,296,119.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -0.68 -0.54 0.73 0.10 0.10
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.29% 4.25% -2.45% -0.28% -1.35% 2.11% 19.44% 9.39% 7.02% 11.29% -5.21%
EBITDA Growth		 24.25% 466.28% 90.19% -152.23% 33.76% 109.98% 85.73% 43.75% -14.48% -16.97% 783.56%
EBIT Growth		 24.98% 106.11% 50.75% -119.82% 57.19% 2,381.98% 60.37% 40.16% -13.47% -22.71% 137.53%
NOPAT Growth		 21.46% 106.11% 50.75% -119.82% 55.65% 1,318.59% 60.37% 40.16% -43.39% -59.27% 299.79%
Net Income Growth		 9.19% 61.52% 40.83% -97.43% 105.69% 173.78% 42.35% 82.42% -42.07% -62.91% 115.15%
EPS Growth		 9.19% 61.52% 40.83% 61.32% -79.47% 106.39% 94.20% 92.98% -55.83% -67.80% 111.49%
Operating Cash Flow Growth		 87.72% -11.90% -28.46% -16.95% -34.18% -17.26% -35.63% 52.89% 0.00% 29.94% 53.56%
Free Cash Flow Firm Growth		 81.94% 999.45% -90.29% -415.78% -92.29% -174.85% -1,492.92% -126.16% 49.68% 114.92% 123.33%
Invested Capital Growth		 -20.44% -19.55% -8.30% 2.01% 14.13% 20.99% 37.54% 17.04% 6.28% 0.70% -2.51%
Revenue Q/Q Growth		 131.06% -25.18% -48.34% 11.66% 128.57% -22.55% -39.11% 3.55% 0.00% -20.07% -48.14%
EBITDA Q/Q Growth		 262.64% -69.41% -114.65% -3,359.66% 186.25% -51.97% -107.26% -134.45% 0.00% -52.57% -40.26%
EBIT Q/Q Growth		 185.87% -97.43% -1,941.26% -440.90% 161.40% -59.41% -160.38% -181.38% 0.00% -64.16% -70.68%
NOPAT Q/Q Growth		 221.14% -98.18% -1,941.26% -440.90% 185.78% -83.39% -132.59% -181.38% 0.00% -63.84% 59.85%
Net Income Q/Q Growth		 147.99% -139.86% -183.89% -263.54% 150.00% -85.70% -228.21% 21.22% 0.00% -73.38% -47.65%
EPS Q/Q Growth		 147.99% -139.86% -183.89% -140.93% 125.41% -87.70% -247.46% 81.88% 0.00% -73.61% -47.37%
Operating Cash Flow Q/Q Growth		 158.50% -149.67% 328.53% -276.14% 132.93% -188.47% 225.46% -227.28% 0.00% 0.00% 374.97%
Free Cash Flow Firm Q/Q Growth		 426.76% -29.27% -86.50% -727.85% 112.87% -786.27% -127.12% 3.50% 0.00% 62.78% 255.19%
Invested Capital Q/Q Growth		 -7.47% 5.68% -25.29% 39.64% 3.53% 12.03% -11.82% 14.44% 0.00% 6.15% -14.64%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 22.32% 21.91% 29.61% 17.92% 22.86% 20.67% 25.05% 19.22% 20.15% 18.66% 31.77%
EBITDA Margin		 8.06% 3.29% -0.93% -28.95% 10.92% 6.77% -0.71% -4.53% 7.51% 4.46% 5.14%
Operating Margin		 5.87% 0.20% -7.19% -34.82% 9.35% 4.90% -4.05% -8.04% 6.33% 2.84% 1.61%
EBIT Margin		 5.87% 0.20% -7.19% -34.82% 9.35% 4.90% -4.05% -8.04% 6.33% 2.84% 1.61%
Profit (Net Income) Margin		 3.96% -2.11% -11.60% -37.76% 8.26% 1.53% -8.16% -6.34% 3.88% 1.29% 1.30%
Tax Burden Percent		 96.07% 99.38% 98.48% 100.14% 97.79% 40.01% 148.24% 67.89% 67.74% 68.35% 372.62%
Interest Burden Percent		 70.24% -1,053.09% 163.85% 108.31% 90.30% 77.76% 135.86% 116.17% 90.48% 66.60% 21.81%
Effective Tax Rate		 1.25% 0.00% 0.00% 0.00% 2.21% 59.99% 0.00% 0.00% 32.26% 31.65% -272.62%
Return on Invested Capital (ROIC)		 24.58% 0.58% -29.41% -107.67% 40.98% 8.11% -14.45% -23.68% 0.00% 8.05% 28.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.33% -3.57% -38.67% -122.26% 38.20% 7.03% -25.17% -24.77% 0.00% 5.49% 12.41%
Return on Net Nonoperating Assets (RNNOA)		 26.92% -6.47% -64.31% -262.29% 47.31% 6.99% -19.98% -23.25% 0.00% 2.49% 3.43%
Return on Equity (ROE)		 51.50% -5.89% -93.72% -369.96% 88.29% 15.09% -34.43% -46.93% 0.00% 10.54% 31.79%
Cash Return on Invested Capital (CROIC)		 12.19% 14.50% 2.93% -16.19% -23.55% -24.44% -28.08% -3.43% 0.00% -12.09% 10.79%
Operating Return on Assets (OROA)		 7.66% 0.26% -11.95% -52.54% 13.27% 6.86% -7.68% -13.44% 0.00% 4.43% 3.60%
Return on Assets (ROA)		 5.17% -2.73% -19.28% -56.99% 11.72% 2.14% -15.46% -10.60% 0.00% 2.01% 2.92%
Return on Common Equity (ROCE)		 51.50% -5.89% -93.72% -369.96% 88.29% 15.09% -34.43% -46.93% 0.00% 10.54% 31.79%
Return on Equity Simple (ROE_SIMPLE)		 -92.02% -84.52% 0.00% -77.77% -42.36% -24.71% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 35 0.64 -12 -64 55 9.15 -8.00 -16 28 9.99 16
NOPAT Margin		 5.80% 0.14% -5.03% -24.37% 9.15% 1.96% -2.84% -5.63% 4.29% 1.94% 5.98%
Net Nonoperating Expense Percent (NNEP)		 5.25% 4.14% 9.26% 14.58% 2.78% 1.08% 10.72% 1.09% 1.90% 2.57% 15.95%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.18% - - - 2.15% -2.13% -3.80% 6.81% 2.33% 4.37%
Cost of Revenue to Revenue		 77.68% 78.09% 70.39% 82.08% 77.14% 79.33% 74.95% 80.78% 79.85% 81.34% 68.23%
SG&A Expenses to Revenue		 14.08% 17.46% 28.98% 25.44% 12.11% 15.35% 25.65% 23.55% 12.00% 14.09% 26.53%
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		 16.45% 21.70% 39.26% 31.77% 13.51% 15.77% 29.10% 27.26% 13.82% 15.82% 30.16%
Earnings before Interest and Taxes (EBIT)		 36 0.92 -17 -92 56 23 -11 -23 41 15 4.29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 49 15 -2.20 -76 66 32 -2.01 -13 48 23 14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.48 0.50 0.15 1.82 1.30 1.20 1.30 1.11 1.10 1.05 1.20
Price to Tangible Book Value (P/TBV)		 26.39 0.00 0.00 4.66 2.23 1.69 1.82 1.56 1.46 1.37 1.49
Price to Revenue (P/Rev)		 0.03 0.03 0.01 0.17 0.17 0.22 0.22 0.17 0.00 0.18 0.21
Price to Earnings (P/E)		 0.00 0.00 0.60 11.13 5.42 5.17 0.00 14.39 0.00 0.00 20.88
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% 165.70% 8.98% 18.45% 19.34% 0.00% 6.95% 0.00% 0.00% 4.79%
Enterprise Value to Invested Capital (EV/IC)		 0.83 0.86 0.77 1.33 1.17 1.14 1.22 1.07 1.07 1.04 1.16
Enterprise Value to Revenue (EV/Rev)		 0.17 0.19 0.13 0.30 0.28 0.30 0.28 0.27 0.00 0.25 0.24
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 25.58 6.18 0.00 183.59 25.03 7.57 6.48 0.00 7.57 5.69
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 28.06 14.24 0.00 20.79 11.35
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 40.09 9.40 0.00 0.00 13.91
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.65 10.75 0.00 0.00 0.00 0.00 0.00 0.00 45.27 19.80 8.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.04 5.28 24.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.63
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.21 2.62 2.78 1.54 0.87 0.50 0.38 0.66 0.43 0.48 0.24
Long-Term Debt to Equity		 2.21 0.31 2.78 1.54 0.87 0.50 0.38 0.66 0.43 0.48 0.24
Financial Leverage		 1.39 1.81 1.66 2.15 1.24 0.99 0.79 0.94 0.57 0.45 0.28
Leverage Ratio		 7.78 8.88 9.37 9.21 7.07 5.89 4.82 4.88 4.33 3.87 2.70
Compound Leverage Factor		 5.46 -93.56 15.35 9.97 6.38 4.58 6.55 5.67 3.92 2.58 0.59
Debt to Total Capital		 68.82% 72.36% 73.56% 60.58% 46.44% 33.26% 27.47% 39.86% 30.19% 32.31% 19.43%
Short-Term Debt to Total Capital		 0.00% 63.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 68.82% 8.59% 73.56% 60.58% 46.44% 33.26% 27.47% 39.86% 30.19% 32.31% 19.43%
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		 31.18% 27.64% 26.44% 39.42% 53.56% 66.74% 72.53% 60.14% 69.81% 67.69% 80.57%
Debt to EBITDA		 -30.64 22.07 6.18 -15.58 75.33 7.47 1.75 2.46 0.00 2.42 0.97
Net Debt to EBITDA		 -28.68 21.37 5.85 -15.00 70.40 6.98 1.59 2.35 0.00 2.24 0.86
Long-Term Debt to EBITDA		 -30.64 2.62 6.18 -15.58 75.33 7.47 1.75 2.46 0.00 2.42 0.97
Debt to NOPAT		 -6.03 -9.22 -12.79 -4.41 -4.93 -6.84 9.25 3.56 0.00 -2.92 2.38
Net Debt to NOPAT		 -5.64 -8.92 -12.11 -4.24 -4.61 -6.39 8.44 3.41 0.00 -2.70 2.10
Long-Term Debt to NOPAT		 -6.03 -1.09 -12.79 -4.41 -4.93 -6.84 9.25 3.56 0.00 -2.92 2.38
Altman Z-Score		 0.83 0.54 0.73 0.52 1.09 1.11 1.42 1.11 0.00 1.19 1.82
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.15 0.90 1.11 1.23 1.31 1.42 1.67 1.61 1.41 1.42 1.71
Quick Ratio		 0.38 0.38 0.24 0.33 0.55 0.68 0.38 0.44 0.62 0.74 0.44
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 119 84 11 -71 9.17 -63 -108 -77 4.36 7.09 25
Operating Cash Flow to CapEx		 1,811.04% -1,096.29% 3,130.95% -4,149.63% 1,550.36% -1,513.17% 1,695.36% -1,809.50% 0.00% -787.88% 1,830.33%
Free Cash Flow to Firm to Interest Expense		 11.15 7.92 0.00 -9.35 1.68 -12.38 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 6.75 -3.37 0.00 -18.90 8.68 -8.25 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 6.38 -3.68 0.00 -19.36 8.12 -8.80 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.30 1.29 1.66 1.51 1.42 1.40 1.89 1.67 0.00 1.56 2.24
Accounts Receivable Turnover		 7.21 5.31 15.94 10.61 6.26 4.68 16.35 10.34 0.00 4.49 15.98
Inventory Turnover		 2.90 2.96 3.31 3.05 3.08 3.23 3.64 3.16 0.00 3.72 4.14
Fixed Asset Turnover		 22.71 24.32 25.89 27.80 29.31 31.60 34.57 37.65 0.00 43.71 46.13
Accounts Payable Turnover		 3.41 3.52 4.27 4.48 3.51 3.76 5.68 5.12 0.00 4.42 9.48
Days Sales Outstanding (DSO)		 50.61 68.69 22.90 34.40 58.29 77.92 22.32 35.32 0.00 81.32 22.84
Days Inventory Outstanding (DIO)		 126.01 123.43 110.12 119.85 118.48 113.08 100.17 115.60 0.00 98.16 88.15
Days Payable Outstanding (DPO)		 107.17 103.79 85.51 81.49 103.86 97.00 64.26 71.32 0.00 82.51 38.49
Cash Conversion Cycle (CCC)		 69.45 88.33 47.52 72.76 72.91 94.00 58.23 79.60 0.00 96.97 72.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 325 343 256 358 371 415 366 419 394 418 357
Invested Capital Turnover		 4.24 4.09 5.85 4.42 4.48 4.13 5.09 4.21 0.00 4.15 4.74
Increase / (Decrease) in Invested Capital		 -83 -83 -23 7.04 46 72 100 61 23 2.90 -9.21
Enterprise Value (EV)		 270 295 196 477 433 473 447 448 422 433 415
Market Capitalization		 51 48 11 263 267 341 353 285 311 305 352
Book Value per Share		 $2.01 $1.83 $1.33 $5.51 $7.81 $9.38 $7.99 $7.53 $8.32 $8.52 $8.59
Tangible Book Value per Share		 $0.04 ($0.02) ($0.44) $2.16 $4.57 $6.68 $5.70 $5.36 $6.24 $6.52 $6.89
Total Capital		 340 351 267 366 382 425 375 426 406 428 365
Total Debt		 234 254 196 222 178 141 103 170 123 138 71
Total Long-Term Debt		 234 30 196 222 178 141 103 170 123 138 71
Net Debt		 219 246 186 214 166 132 94 163 111 128 63
Capital Expenditures (CapEx)		 3.98 3.26 2.61 3.47 3.06 2.77 3.10 3.74 0.00 3.73 4.42
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 77 130 41 103 151 214 177 228 206 236 192
Debt-free Net Working Capital (DFNWC)		 92 138 52 112 162 223 186 236 218 246 201
Net Working Capital (NWC)		 92 -86 52 112 162 223 186 236 218 246 201
Net Nonoperating Expense (NNE)		 11 10 15 35 5.34 2.03 15 2.05 2.63 3.34 12
Net Nonoperating Obligations (NNO)		 219 246 186 214 166 132 94 163 111 128 63
Total Depreciation and Amortization (D&A)		 13 14 15 15 9.45 8.73 9.42 10 7.63 8.34 9.43
Debt-free, Cash-free Net Working Capital to Revenue		 4.95% 8.26% 2.65% 6.59% 9.68% 13.66% 11.00% 13.97% 0.00% 13.63% 11.22%
Debt-free Net Working Capital to Revenue		 5.92% 8.78% 3.32% 7.12% 10.43% 14.24% 11.56% 14.42% 0.00% 14.22% 11.71%
Net Working Capital to Revenue		 5.92% -5.46% 3.32% 7.12% 10.43% 14.24% 11.56% 14.42% 0.00% 14.22% 11.71%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $46.00 ($18.00) $1,798.00 ($7.36) $1.87 $0.23 ($0.87) ($0.54) $0.73 $0.19 $0.10
Adjusted Weighted Average Basic Shares Outstanding		 527.91K 531.53K 26.62K 13.51M 26.53M 30.51M 26.30M 34.05M 34.05M 34.45M 34.33M
Adjusted Diluted Earnings per Share		 $46.00 ($18.00) $1,798.00 ($7.36) $1.87 $0.23 ($0.87) ($0.54) $0.72 $0.19 $0.10
Adjusted Weighted Average Diluted Shares Outstanding		 528.70K 531.53K 26.62K 13.51M 26.54M 30.66M 26.30M 34.05M 34.54M 34.66M 34.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $1,798.00 $0.00 $0.00 $0.00 ($0.87) $0.00 $0.00 $0.00 $0.10
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 531.50K 531.56K 262.08K 26.21M 30.21M 34.05M 0.00 0.00 34.05M 34.30M 34.64M
Normalized Net Operating Profit after Tax (NOPAT)		 40 7.09 -6.91 -62 55 12 -7.14 -15 30 11 -4.65
Normalized NOPAT Margin		 6.49% 1.55% -2.93% -23.41% 9.12% 2.55% -2.53% -5.26% 4.72% 2.14% -1.74%
Pre Tax Income Margin		 4.12% -2.12% -11.78% -37.71% 8.45% 3.81% -5.51% -9.34% 5.73% 1.89% 0.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.36 0.09 0.00 -12.04 10.31 4.50 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 3.32 0.06 0.00 -8.43 10.08 1.80 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 2.99 -0.22 0.00 -12.50 9.75 3.95 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 2.95 -0.25 0.00 -8.88 9.52 1.25 0.00 0.00 0.00 0.00 0.00
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		 -0.18% -0.21% -0.28% -0.07% -0.01% -13.90% -15.07% 1.97% 0.00% -10.25% 0.00%

Financials Breakdown Chart

Key Financial Trends

Barnes & Noble Education (NYSE: BNED) shows a sharp rebound in profitability and cash generation in fiscal 2026, but the balance sheet still reflects a highly leveraged, working-capital-heavy business. Revenue in the latest quarter was lower than a year ago, but the company returned to profitability and generated strong operating cash flow. Even so, liabilities remain large relative to equity, and the business continues to rely on debt transactions to manage liquidity.

  • BNED returned to profitability in Q4 2026, posting net income of $3.5 million versus a loss in the prior-year comparable quarter.
  • Operating cash flow was strong in Q4 2026 at $80.8 million, driven by earnings and a large working-capital benefit.
  • For the first three quarters of fiscal 2026, BNED produced much better operating results than the prior year, including $25.0 million of net income in Q2 2026 and $6.7 million in Q3 2026.
  • Gross margin improved meaningfully in recent quarters, helped by lower cost of revenue relative to sales. In Q4 2026, gross profit was $84.9 million on $267.1 million of revenue.
  • The company ended Q3 2026 with $289.9 million of total equity, an improvement from $204.8 million at Q2 2025 and a large recovery from the deeply stressed equity levels seen in prior periods.
  • Shares outstanding remain much lower than in 2023, reflecting prior restructuring and capital actions, which has helped EPS compare more favorably in recent quarters.
  • Capital spending has been modest, with quarterly PP&E purchases generally in the low single-digit millions, suggesting restrained reinvestment.
  • Revenue fell year over year in the latest quarter to $267.1 million from $281.8 million, showing that the recovery is not yet being driven by top-line growth.
  • BNED’s business still depends heavily on working capital, especially accounts receivable, inventory, and payables, which makes cash flow more volatile quarter to quarter.
  • The balance sheet remains highly leveraged: at Q3 2026, total liabilities were $840.3 million versus $290.0 million of equity, and current liabilities were $579.8 million.
  • Debt remains significant even after repayments, with long-term debt of $138.4 million at Q3 2026, and recent quarters show frequent borrowing and repayment activity.
  • Operating performance has been inconsistent over the last four years, including large losses in fiscal 2024 and early fiscal 2025, so the current improvement still needs to prove durable.

Bottom line: BNED’s latest results point to a turnaround in earnings and cash flow, which is encouraging for investors watching for stabilization. However, the company is still operating with a stretched balance sheet and a history of volatile results, so the stock likely remains higher risk until revenue growth and debt reduction become more consistent.

07/26/26 09:14 PM ETAI Generated. May Contain Errors.

Barnes & Noble Education Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Barnes & Noble Education's fiscal year ends in May. Their fiscal year 2026 ended on May 2, 2026.

Over the last 10 years, Barnes & Noble Education's net income changed from $84 thousand in 2016 to $16.87 million in 2026, a change of 19,985.7%. Find out what analysts predict for Barnes & Noble Education in the coming months.

Barnes & Noble Education's total operating income in 2026 was $36.54 million, based on the following breakdown:
  • Total Gross Profit: $366.17 million
  • Total Operating Expenses: $329.63 million

Over the last 10 years, Barnes & Noble Education's total revenue changed from $1.81 billion in 2016 to $1.71 billion in 2026, a change of -5.2%.

Barnes & Noble Education's total liabilities were at $445.46 million at the end of 2026, a 14.0% decrease from 2025, and a 22.6% increase since 2016.

In the past 10 years, Barnes & Noble Education's cash and equivalents has ranged from $8.02 million in 2021 to $28.57 million in 2016, and is currently $8.42 million as of their latest financial filing in 2026.

Over the last 10 years, Barnes & Noble Education's book value per share changed from 14.94 in 2016 to 8.59 in 2026, a change of -42.6%.


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Financial statements for NYSE:BNED last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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