Barnes & Noble Education, Inc. (BNED) 10-Year Financial Performance & Capital Metrics

BNED • • Industrial / General

Consumer CyclicalSpecialty RetailNiche Specialty RetailUnique Retail Concepts

AboutBarnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com. It also offers First Day and First Day Complete access programs; BNC OER+, a turnkey solution for colleges and universities, that offers digital content, such as videos, activities, and auto-graded practice assessments; and general merchandise, including collegiate and athletic apparel, school spirit products, lifestyle products, technology products, supplies, graduation products, and convenience items. In addition, the company sources, sells, and distributes new and used textbooks; and sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to approximately 350 college bookstores. Further, it offers direct-to-student subscription-based writing services; and bartleby, a direct-to-student subscription-based offering that includes textbook solutions, expert questions and answers, and writing and tutoring services. The company operates 805 physical college and university bookstores; 622 virtual bookstores; 8 True Spirit e-commerce websites; pop-up retail locations; 73 customized cafés and 11 stand-alone convenience stores; and a media channel for brands targeting the college demographic. Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Basking Ridge, New Jersey.Show more

Revenue $1.61B +2.7%
EBITDA $54M +189.2%
Net Income -$66M -4.1%
EPS (Diluted) -2.50 +89.3%
Gross Margin 20.98% -7.8%
EBITDA Margin 3.35% +181.4%
Operating Margin 0.99% +170.7%
Net Margin -4.09% -1.4%
ROE -38.41% +38.8%
ROIC 2.53% +183.4%
Debt/Equity 0.66 -89.4%
Interest Coverage 0.91 +268.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.9x book value
✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.96%

5Y-2.75%

3Y2.49%

TTM2.75%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-4.14%

EPS CAGR

10Y-

5Y-

3Y-

TTM4.5%

ROCE

10Y Avg-8.12%

5Y Avg-8.04%

3Y Avg-4.18%

Latest3.4%

Peer Comparison

Unique Retail Concepts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NPTTexxon Holding Limited Ordinary shares	141.1M	6.36	148.60	21.74%	0.14%	2.91%		0.80
TLFTandy Leather Factory, Inc.	22.91M	2.84	30.15	-2.41%	15.37%	21.46%	6.83%	0.19
BBWBuild-A-Bear Workshop, Inc.	919.54M	71.03	18.69	2.12%	11.34%	38.12%	3.02%	0.70
MNSOMINISO Group Holding Limited	5.96B	19.64	2.34	48.12%	13.85%	22.96%	23.6%	0.30
FLWS1-800-FLOWERS.COM, Inc.	170.55M	4.66	-1.49	-7.96%	-13.19%	-100.58%		1.01
ZKHZKH Group Limited	466.38M	3.52	-2.15	0.46%	-2.64%	-7.72%	31.31%	0.18
BNEDBarnes & Noble Education, Inc.	304.44M	8.94	-3.58	2.75%	-4.09%	-24.18%		0.66
JBDIJBDI Holdings Limited	12.9M	0.67	-13.56	-15.54%	-10.4%	-103.5%	7.12%	5.28

Profit & Loss

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	May 2025
Sales/Revenue+	1.81B	1.87B	2.2B	2.03B	1.85B	1.41B	1.5B	1.54B	1.57B	1.61B
Revenue Growth %	0.02%	0.04%	0.18%	-0.08%	-0.09%	-0.24%	0.06%	0.03%	0.02%	0.03%
Cost of Goods Sold+	1.35B	1.42B	1.65B	1.51B	1.41B	1.18B	1.16B	1.19B	1.21B	1.27B
COGS % of Revenue	0.75%	0.76%	0.75%	0.74%	0.76%	0.84%	0.77%	0.77%	0.77%	0.79%
Gross Profit+	453.35M	457.36M	557.23M	527.73M	442.55M	230.34M	342.83M	349.44M	356.78M	337.8M
Gross Margin %	0.25%	0.24%	0.25%	0.26%	0.24%	0.16%	0.23%	0.23%	0.23%	0.21%
Gross Profit Growth %	0.02%	0.01%	0.22%	-0.05%	-0.16%	-0.48%	0.49%	0.02%	0.02%	-0.05%
Operating Expenses+	427.91M	432.41M	499.33M	489.75M	466.33M	391.25M	403.45M	415.88M	378.71M	321.88M
OpEx % of Revenue	0.24%	0.23%	0.23%	0.24%	0.25%	0.28%	0.27%	0.27%	0.24%	0.2%
Selling, General & Admin	375.22M	379.1M	433.75M	423.88M	404.47M	338.28M	383.44M	357.61M	311.57M	283.8M
SG&A % of Revenue	0.21%	0.2%	0.2%	0.21%	0.22%	0.24%	0.26%	0.23%	0.2%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	52.69M	53.32M	65.59M	65.86M	61.86M	52.97M	20.01M	58.27M	67.14M	38.08M
Operating Income+	4.62M	13.55M	-262.7M	-27.65M	-23.78M	-138.59M	-53.26M	-66.45M	-21.93M	15.92M
Operating Margin %	0%	0.01%	-0.12%	-0.01%	-0.01%	-0.1%	-0.04%	-0.04%	-0.01%	0.01%
Operating Income Growth %	-0.86%	1.93%	-20.38%	0.89%	0.14%	-4.83%	0.62%	-0.25%	0.67%	1.73%
EBITDA+	57.31M	66.87M	-197.12M	39.31M	42.16M	-92.64M	-10.75M	-24.26M	18.63M	53.86M
EBITDA Margin %	0.03%	0.04%	-0.09%	0.02%	0.02%	-0.07%	-0.01%	-0.02%	0.01%	0.03%
EBITDA Growth %	-0.32%	0.17%	-3.95%	1.2%	0.07%	-3.2%	0.88%	-1.26%	1.77%	1.89%
D&A (Non-Cash Add-back)	52.69M	53.32M	65.59M	66.96M	65.94M	45.95M	42.51M	42.19M	40.56M	37.94M
EBIT	4.62M	13.55M	-262.7M	-27.65M	-42.78M	-134.64M	-60.62M	-66.45M	-21.93M	-44.12M
Net Interest Income+	-1.87M	-3.46M	-10.31M	-9.78M	-7.45M	-8.09M	-10.1M	-22.68M	-40.37M	-17.1M
Interest Income	0	0	0	0	0	0	0	0	0	350K
Interest Expense	1.87M	3.46M	10.31M	9.78M	7.45M	8.09M	10.1M	22.68M	40.37M	17.45M
Other Income/Expense	-1.87M	-3.46M	-306.57M	-9.78M	-20.91M	-8.09M	-17.45M	-22.68M	-40.37M	-77.49M
Pretax Income+	2.75M	10.09M	-273.01M	-37.43M	-50.23M	-176.85M	-70.71M	-89.13M	-62.3M	-61.57M
Pretax Margin %	0%	0.01%	-0.12%	-0.02%	-0.03%	-0.13%	-0.05%	-0.06%	-0.04%	-0.04%
Income Tax+	2.67M	4.73M	-20.44M	-13.06M	-11.98M	-43.28M	-9.15M	1.01M	183K	4.26M
Effective Tax Rate %	0.03%	0.53%	0.93%	0.65%	0.76%	0.75%	0.97%	1.14%	1.01%	1.07%
Net Income+	84K	5.36M	-252.57M	-24.37M	-38.25M	-131.79M	-68.86M	-101.86M	-63.21M	-65.83M
Net Margin %	0%	0%	-0.11%	-0.01%	-0.02%	-0.09%	-0.05%	-0.07%	-0.04%	-0.04%
Net Income Growth %	-1%	62.82%	-48.11%	0.9%	-0.57%	-2.45%	0.48%	-0.48%	0.38%	-0.04%
Net Income (Continuing)	84K	5.36M	-252.57M	-24.37M	-38.25M	-133.57M	-61.56M	-90.14M	-62.48M	-65.83M
Discontinued Operations	0	0	0	0	0	0	-7.3M	-11.72M	-730K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.18	11.00	-540.10	-52.00	-80.00	-57.75	-28.99	-42.28	-23.47	-2.50
EPS Growth %	-0.99%	60.11%	-50.1%	0.9%	-0.54%	0.28%	0.5%	-0.46%	0.44%	0.89%
EPS (Basic)	0.18	11.57	-540.10	-51.52	-79.67	-57.75	-28.99	-42.28	-23.47	-2.50
Diluted Shares Outstanding	18.59M	18.71M	18.71M	18.92M	19.21M	19.87M	20.72M	20.98M	26.62M	26.3M
Basic Shares Outstanding	18.59M	19.48M	18.71M	18.75M	19.13M	19.86M	20.69M	20.98M	26.62M	26.3M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	May 2025
Total Current Assets+	446.45M	602.63M	619.37M	591.36M	584.92M	500.83M	532.6M	537M	530.76M	465.38M
Cash & Short-Term Investments	28.57M	19M	16.13M	14.01M	8.24M	8.02M	10.39M	14.22M	10.46M	9.06M
Cash Only	28.57M	19M	16.13M	14.01M	8.24M	8.02M	10.39M	14.22M	10.46M	9.06M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	50.92M	86.04M	100.06M	98.25M	90.85M	118.17M	133.71M	90.17M	102.82M	98.08M
Days Sales Outstanding	10.28	16.75	16.57	17.62	17.91	30.67	32.63	21.33	23.95	22.23
Inventory	360.51M	486.89M	493.95M	467.32M	469.65M	309.8M	323.47M	353.33M	377.03M	299.56M
Days Inventory Outstanding	97.13	125.42	109.51	113.19	121.7	95.73	101.9	108.03	113.7	85.93
Other Current Assets	6.45M	10.7M	11.85M	11.78M	15.41M	61.93M	62.75M	76.94M	39.16M	58.69M
Total Non-Current Assets+	625.23M	697.2M	419.84M	354.82M	571.51M	537.59M	538.95M	443.78M	374.33M	324.9M
Property, Plant & Equipment	111.19M	116.61M	111.29M	109.78M	348.58M	329.63M	380.66M	315.13M	255.43M	223.92M
Fixed Asset Turnover	16.26x	16.07x	19.80x	18.53x	5.31x	4.27x	3.93x	4.90x	6.14x	7.19x
Goodwill	280.91M	329.47M	49.28M	4.7M	4.7M	4.7M	4.7M	0	0	0
Intangible Assets	199.66M	209.88M	219.13M	194.98M	175.13M	150.9M	129.62M	110.63M	94.19M	78.24M
Long-Term Investments	2M	698K	742K	755K	766K	897K	897K	922K	18.11M	0
Other Non-Current Assets	-10.64M	-11.53M	40.14M	42.19M	34.54M	28.21M	23.97M	16.97M	6.59M	22.73M
Total Assets+	1.07B	1.3B	1.04B	946.18M	1.16B	1.04B	1.07B	980.78M	905.08M	790.28M
Asset Turnover	1.69x	1.44x	2.12x	2.15x	1.60x	1.35x	1.40x	1.57x	1.73x	2.04x
Asset Growth %	-0.05%	0.21%	-0.2%	-0.09%	0.22%	-0.1%	0.03%	-0.08%	-0.08%	-0.13%
Total Current Liabilities+	258.05M	413.22M	413.46M	408.54M	406.67M	372.96M	415.32M	462.08M	478.8M	279.23M
Accounts Payable	152.18M	192.74M	187.91M	186.82M	143.68M	137.58M	182.62M	267.92M	299.16M	148.85M
Days Payables Outstanding	41	49.65	41.66	45.25	37.23	42.51	57.53	81.92	90.21	42.7
Short-Term Debt	0	100M	100M	100M	75M	50M	40M	99.98M	0	64.52M
Deferred Revenue (Current)	0	0	0	1000K	1000K	0	1000K	1000K	0	0
Other Current Liabilities	0	0	0	0	-13.37M	-718K	-850K	-102.78M	0	214.7M
Current Ratio	1.73x	1.46x	1.50x	1.45x	1.44x	1.34x	1.28x	1.16x	1.11x	1.67x
Quick Ratio	0.33x	0.28x	0.30x	0.30x	0.28x	0.51x	0.50x	0.40x	0.32x	0.59x
Cash Conversion Cycle	66.41	92.52	84.42	85.57	102.39	83.88	77	47.44	47.43	65.47
Total Non-Current Liabilities+	105.25M	172.9M	157.78M	87.01M	332.01M	364.42M	427.86M	387.94M	355.7M	238.87M
Long-Term Debt	0	59.6M	96.4M	33.5M	99.7M	127.6M	185.7M	182.15M	196.34M	115.5M
Capital Lease Obligations	0	0	0	0	186.14M	184.78M	219.59M	184.75M	142.19M	0
Deferred Tax Liabilities	29.86M	16.87M	2.11M	47.05M	109.32M	101.34M	1.43M	1.97M	1.29M	0
Other Non-Current Liabilities	75.38M	96.43M	59.28M	53.51M	46.17M	52.04M	21.05M	14.93M	12.3M	123.38M
Total Liabilities	363.3M	586.12M	571.25M	495.55M	738.68M	737.38M	843.18M	850.03M	834.5M	518.1M
Total Debt+	0	159.6M	196.4M	133.5M	453.41M	454.89M	542.44M	466.88M	440.74M	180.02M
Net Debt	-28.57M	140.6M	180.27M	119.49M	445.17M	446.87M	532.05M	452.67M	430.28M	170.96M
Debt / Equity	-	0.22x	0.42x	0.30x	1.09x	1.51x	2.38x	3.57x	6.24x	0.66x
Debt / EBITDA	-	2.39x	-	3.40x	10.75x	-	-	-	23.66x	3.34x
Net Debt / EBITDA	-0.50x	2.10x	-	3.04x	10.56x	-	-	-	23.10x	3.17x
Interest Coverage	2.47x	3.91x	-25.49x	-2.83x	-3.19x	-17.14x	-5.28x	-2.93x	-0.54x	0.91x
Total Equity+	708.39M	713.71M	467.96M	450.63M	417.75M	301.03M	228.37M	130.75M	70.58M	272.19M
Equity Growth %	-0.1%	0.01%	-0.34%	-0.04%	-0.07%	-0.28%	-0.24%	-0.43%	-0.46%	2.86%
Book Value per Share	38.10	38.16	25.02	23.81	21.75	15.15	11.02	6.23	2.65	10.35
Total Shareholders' Equity	708.39M	713.71M	467.96M	450.63M	417.75M	301.03M	228.37M	130.75M	70.58M	272.19M
Common Stock	486K	494K	501K	510K	521K	533K	542K	551K	558K	341K
Retained Earnings	27M	32.36M	-220.2M	-244.58M	-282.83M	-414.61M	-491.49M	-593.36M	-656.57M	-712.57M
Treasury Stock	-18.61M	-28.02M	-29.66M	-31.64M	-32.9M	-19.14M	-21.51M	-22.38M	-22.55M	0
Accumulated OCI	1K	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	May 2025
Cash from Operations+	82.78M	67.99M	60.04M	120.82M	-16.1M	32.88M	1.16M	91.67M	-5.12M	-85.41M
Operating CF Margin %	0.05%	0.04%	0.03%	0.06%	-0.01%	0.02%	0%	0.06%	-0%	-0.05%
Operating CF Growth %	5.12%	-0.18%	-0.12%	1.01%	-1.13%	3.04%	-0.96%	77.96%	-1.06%	-15.68%
Net Income	84K	5.36M	-252.57M	-24.37M	-38.25M	-131.79M	-61.56M	-90.14M	-62.48M	-65.83M
Depreciation & Amortization	52.69M	53.32M	65.59M	66.96M	65.94M	58M	42.51M	42.19M	40.56M	37.94M
Stock-Based Compensation	6.67M	9.37M	8.46M	9.02M	6.64M	8.25M	9.65M	4.71M	3.23M	5.39M
Deferred Taxes	-11.87M	-11.96M	-14.77M	-4.53M	-5.38M	0	-7.96M	409K	-550K	-829K
Other Non-Cash Items	12.47M	792K	314.63M	59.3M	1.53M	25.1M	11.87M	10.29M	19.55M	-62.08M
Working Capital Changes	22.73M	11.11M	-61.3M	14.45M	-46.58M	73.31M	6.65M	124.2M	-5.42M	0
Change in Receivables	25.73M	-6.41M	-13.67M	1.81M	7.32M	-30.22M	-15.53M	43.49M	-11.6M	0
Change in Inventory	-15.53M	2.05M	-7.06M	24.02M	-2.33M	144.88M	-14.1M	-29.86M	-23.7M	44.48M
Change in Payables	9.15M	3.33M	-3.71M	-5.14M	-59.09M	-8.73M	45.94M	82.34M	19.26M	-181.26M
Cash from Investing+	-70.74M	-224.44M	-100.03M	-54.65M	-29.59M	-36.88M	-42.66M	-31.04M	7.4M	-12.1M
Capital Expenditures	-50.79M	-34.67M	-42.81M	-46.42M	-36.19M	-37.22M	-43.53M	-25.09M	-14.07M	-12.89M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.11M	-3.05M	1.04M	1.77M	6.6M	348K	872K	-5.95M	21.47M	793K
Cash from Financing+	-28.29M	147.28M	35.16M	-68.27M	39.94M	11.8M	45.72M	-49.67M	-5.7M	97.67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6.42M	-2.91M	0	-3.4M	0	-1.08M	-9K	0	-16.32M	97.67M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	31.99M	33.32M	17.23M	74.4M	-52.3M	-4.34M	-41.47M	66.58M	-19.19M	-98.31M
FCF Margin %	0.02%	0.02%	0.01%	0.04%	-0.03%	-0%	-0.03%	0.04%	-0.01%	-0.06%
FCF Growth %	1.92%	0.04%	-0.48%	3.32%	-1.7%	0.92%	-8.55%	2.61%	-1.29%	-4.12%
FCF per Share	1.72	1.78	0.92	3.93	-2.72	-0.22	-2.00	3.17	-0.72	-3.74
FCF Conversion (FCF/Net Income)	985.49x	12.68x	-0.24x	-4.96x	0.42x	-0.25x	-0.02x	-0.90x	0.08x	1.30x
Interest Paid	1.15M	2.08M	8.04M	8.59M	0	6.78M	0	0	0	0
Taxes Paid	13.93M	1.47M	25.55M	10.28M	0	6.01M	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	0.01%	0.75%	-42.75%	-5.31%	-8.81%	-36.67%	-26.01%	-56.73%	-62.79%	-38.41%
Return on Invested Capital (ROIC)	0.49%	1.33%	-26.23%	-3.4%	-2.49%	-12.91%	-5.3%	-7.42%	-3.03%	2.53%
Gross Margin	25.07%	24.4%	25.29%	25.94%	23.91%	16.38%	22.92%	22.64%	22.77%	20.98%
Net Margin	0%	0.29%	-11.46%	-1.2%	-2.07%	-9.37%	-4.6%	-6.6%	-4.03%	-4.09%
Debt / Equity	-	0.22x	0.42x	0.30x	1.09x	1.51x	2.38x	3.57x	6.24x	0.66x
Interest Coverage	2.47x	3.91x	-25.49x	-2.83x	-3.19x	-17.14x	-5.28x	-2.93x	-0.54x	0.91x
FCF Conversion	985.49x	12.68x	-0.24x	-4.96x	0.42x	-0.25x	-0.02x	-0.90x	0.08x	1.30x
Revenue Growth	1.98%	3.67%	17.57%	-7.67%	-9.02%	-24.02%	6.34%	3.17%	1.55%	2.75%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2025
Course Materials Product	-	-	-	-	-	-	-	1.02B
Course Materials Product Growth	-	-	-	-	-	-	-	-
General Merchandise Product	-	-	-	-	-	-	-	355.27M
General Merchandise Product Growth	-	-	-	-	-	-	-	-
Service and Other	-	-	-	-	-	-	-	86.52M
Service and Other Growth	-	-	-	-	-	-	-	-
Retail	-	-	-	1.71B	1.33B	1.44B	1.49B	-
Retail Growth	-	-	-	-	-22.33%	8.21%	3.62%	-
Wholesale	-	-	223.37M	198.35M	165.82M	112.25M	106.37M	-
Wholesale Growth	-	-	-	-11.20%	-16.40%	-32.31%	-5.24%	-
DSS	-	15.76M	21.34M	23.66M	27.37M	35.67M	-	-
DSS Growth	-	-	35.38%	10.88%	15.69%	30.29%	-	-
Intersegment Eliminations	-5.29M	-87.76M	-99.08M	-83.84M	-	-	-	-
Intersegment Eliminations Growth	-	-1558.92%	-12.90%	15.38%	-	-	-	-
BNC	1.85B	1.82B	-	-	-	-	-	-
BNC Growth	-	-1.60%	-	-	-	-	-	-
MBS	34.09M	459.53M	-	-	-	-	-	-
MBS Growth	-	1247.95%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Barnes & Noble Education, Inc. (BNED) reported $1.61B in revenue for fiscal year 2025. This represents a 9% decrease from $1.76B in 2013.

Barnes & Noble Education, Inc. (BNED) grew revenue by 2.7% over the past year. Growth has been modest.

Barnes & Noble Education, Inc. (BNED) reported a net loss of $65.8M for fiscal year 2025.

Dividend & Returns

Barnes & Noble Education, Inc. (BNED) has a return on equity (ROE) of -38.4%. Negative ROE indicates the company is unprofitable.

Barnes & Noble Education, Inc. (BNED) had negative free cash flow of $98.3M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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Barnes & Noble Education, Inc. (BNED) 10-Year Financial Performance & Capital Metrics

BNED • • Industrial / General

Consumer CyclicalSpecialty RetailNiche Specialty RetailUnique Retail Concepts

Revenue $1.61B +2.7%
EBITDA $54M +189.2%
Net Income -$66M -4.1%
EPS (Diluted) -2.50 +89.3%
Gross Margin 20.98% -7.8%
EBITDA Margin 3.35% +181.4%
Operating Margin 0.99% +170.7%
Net Margin -4.09% -1.4%
ROE -38.41% +38.8%
ROIC 2.53% +183.4%
Debt/Equity 0.66 -89.4%
Interest Coverage 0.91 +268.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.9x book value
✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.96%

5Y-2.75%

3Y2.49%

TTM2.75%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-4.14%

EPS CAGR

10Y-

5Y-

3Y-

TTM4.5%

ROCE

10Y Avg-8.12%

5Y Avg-8.04%

3Y Avg-4.18%

Latest3.4%

Peer Comparison

Unique Retail Concepts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NPTTexxon Holding Limited Ordinary shares	141.1M	6.36	148.60	21.74%	0.14%	2.91%		0.80
TLFTandy Leather Factory, Inc.	22.91M	2.84	30.15	-2.41%	15.37%	21.46%	6.83%	0.19
BBWBuild-A-Bear Workshop, Inc.	919.54M	71.03	18.69	2.12%	11.34%	38.12%	3.02%	0.70
MNSOMINISO Group Holding Limited	5.96B	19.64	2.34	48.12%	13.85%	22.96%	23.6%	0.30
FLWS1-800-FLOWERS.COM, Inc.	170.55M	4.66	-1.49	-7.96%	-13.19%	-100.58%		1.01
ZKHZKH Group Limited	466.38M	3.52	-2.15	0.46%	-2.64%	-7.72%	31.31%	0.18
BNEDBarnes & Noble Education, Inc.	304.44M	8.94	-3.58	2.75%	-4.09%	-24.18%		0.66
JBDIJBDI Holdings Limited	12.9M	0.67	-13.56	-15.54%	-10.4%	-103.5%	7.12%	5.28

Profit & Loss

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	May 2025
Sales/Revenue+	1.81B	1.87B	2.2B	2.03B	1.85B	1.41B	1.5B	1.54B	1.57B	1.61B
Revenue Growth %	0.02%	0.04%	0.18%	-0.08%	-0.09%	-0.24%	0.06%	0.03%	0.02%	0.03%
Cost of Goods Sold+	1.35B	1.42B	1.65B	1.51B	1.41B	1.18B	1.16B	1.19B	1.21B	1.27B
COGS % of Revenue	0.75%	0.76%	0.75%	0.74%	0.76%	0.84%	0.77%	0.77%	0.77%	0.79%
Gross Profit+	453.35M	457.36M	557.23M	527.73M	442.55M	230.34M	342.83M	349.44M	356.78M	337.8M
Gross Margin %	0.25%	0.24%	0.25%	0.26%	0.24%	0.16%	0.23%	0.23%	0.23%	0.21%
Gross Profit Growth %	0.02%	0.01%	0.22%	-0.05%	-0.16%	-0.48%	0.49%	0.02%	0.02%	-0.05%
Operating Expenses+	427.91M	432.41M	499.33M	489.75M	466.33M	391.25M	403.45M	415.88M	378.71M	321.88M
OpEx % of Revenue	0.24%	0.23%	0.23%	0.24%	0.25%	0.28%	0.27%	0.27%	0.24%	0.2%
Selling, General & Admin	375.22M	379.1M	433.75M	423.88M	404.47M	338.28M	383.44M	357.61M	311.57M	283.8M
SG&A % of Revenue	0.21%	0.2%	0.2%	0.21%	0.22%	0.24%	0.26%	0.23%	0.2%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	52.69M	53.32M	65.59M	65.86M	61.86M	52.97M	20.01M	58.27M	67.14M	38.08M
Operating Income+	4.62M	13.55M	-262.7M	-27.65M	-23.78M	-138.59M	-53.26M	-66.45M	-21.93M	15.92M
Operating Margin %	0%	0.01%	-0.12%	-0.01%	-0.01%	-0.1%	-0.04%	-0.04%	-0.01%	0.01%
Operating Income Growth %	-0.86%	1.93%	-20.38%	0.89%	0.14%	-4.83%	0.62%	-0.25%	0.67%	1.73%
EBITDA+	57.31M	66.87M	-197.12M	39.31M	42.16M	-92.64M	-10.75M	-24.26M	18.63M	53.86M
EBITDA Margin %	0.03%	0.04%	-0.09%	0.02%	0.02%	-0.07%	-0.01%	-0.02%	0.01%	0.03%
EBITDA Growth %	-0.32%	0.17%	-3.95%	1.2%	0.07%	-3.2%	0.88%	-1.26%	1.77%	1.89%
D&A (Non-Cash Add-back)	52.69M	53.32M	65.59M	66.96M	65.94M	45.95M	42.51M	42.19M	40.56M	37.94M
EBIT	4.62M	13.55M	-262.7M	-27.65M	-42.78M	-134.64M	-60.62M	-66.45M	-21.93M	-44.12M
Net Interest Income+	-1.87M	-3.46M	-10.31M	-9.78M	-7.45M	-8.09M	-10.1M	-22.68M	-40.37M	-17.1M
Interest Income	0	0	0	0	0	0	0	0	0	350K
Interest Expense	1.87M	3.46M	10.31M	9.78M	7.45M	8.09M	10.1M	22.68M	40.37M	17.45M
Other Income/Expense	-1.87M	-3.46M	-306.57M	-9.78M	-20.91M	-8.09M	-17.45M	-22.68M	-40.37M	-77.49M
Pretax Income+	2.75M	10.09M	-273.01M	-37.43M	-50.23M	-176.85M	-70.71M	-89.13M	-62.3M	-61.57M
Pretax Margin %	0%	0.01%	-0.12%	-0.02%	-0.03%	-0.13%	-0.05%	-0.06%	-0.04%	-0.04%
Income Tax+	2.67M	4.73M	-20.44M	-13.06M	-11.98M	-43.28M	-9.15M	1.01M	183K	4.26M
Effective Tax Rate %	0.03%	0.53%	0.93%	0.65%	0.76%	0.75%	0.97%	1.14%	1.01%	1.07%
Net Income+	84K	5.36M	-252.57M	-24.37M	-38.25M	-131.79M	-68.86M	-101.86M	-63.21M	-65.83M
Net Margin %	0%	0%	-0.11%	-0.01%	-0.02%	-0.09%	-0.05%	-0.07%	-0.04%	-0.04%
Net Income Growth %	-1%	62.82%	-48.11%	0.9%	-0.57%	-2.45%	0.48%	-0.48%	0.38%	-0.04%
Net Income (Continuing)	84K	5.36M	-252.57M	-24.37M	-38.25M	-133.57M	-61.56M	-90.14M	-62.48M	-65.83M
Discontinued Operations	0	0	0	0	0	0	-7.3M	-11.72M	-730K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.18	11.00	-540.10	-52.00	-80.00	-57.75	-28.99	-42.28	-23.47	-2.50
EPS Growth %	-0.99%	60.11%	-50.1%	0.9%	-0.54%	0.28%	0.5%	-0.46%	0.44%	0.89%
EPS (Basic)	0.18	11.57	-540.10	-51.52	-79.67	-57.75	-28.99	-42.28	-23.47	-2.50
Diluted Shares Outstanding	18.59M	18.71M	18.71M	18.92M	19.21M	19.87M	20.72M	20.98M	26.62M	26.3M
Basic Shares Outstanding	18.59M	19.48M	18.71M	18.75M	19.13M	19.86M	20.69M	20.98M	26.62M	26.3M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	May 2025
Total Current Assets+	446.45M	602.63M	619.37M	591.36M	584.92M	500.83M	532.6M	537M	530.76M	465.38M
Cash & Short-Term Investments	28.57M	19M	16.13M	14.01M	8.24M	8.02M	10.39M	14.22M	10.46M	9.06M
Cash Only	28.57M	19M	16.13M	14.01M	8.24M	8.02M	10.39M	14.22M	10.46M	9.06M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	50.92M	86.04M	100.06M	98.25M	90.85M	118.17M	133.71M	90.17M	102.82M	98.08M
Days Sales Outstanding	10.28	16.75	16.57	17.62	17.91	30.67	32.63	21.33	23.95	22.23
Inventory	360.51M	486.89M	493.95M	467.32M	469.65M	309.8M	323.47M	353.33M	377.03M	299.56M
Days Inventory Outstanding	97.13	125.42	109.51	113.19	121.7	95.73	101.9	108.03	113.7	85.93
Other Current Assets	6.45M	10.7M	11.85M	11.78M	15.41M	61.93M	62.75M	76.94M	39.16M	58.69M
Total Non-Current Assets+	625.23M	697.2M	419.84M	354.82M	571.51M	537.59M	538.95M	443.78M	374.33M	324.9M
Property, Plant & Equipment	111.19M	116.61M	111.29M	109.78M	348.58M	329.63M	380.66M	315.13M	255.43M	223.92M
Fixed Asset Turnover	16.26x	16.07x	19.80x	18.53x	5.31x	4.27x	3.93x	4.90x	6.14x	7.19x
Goodwill	280.91M	329.47M	49.28M	4.7M	4.7M	4.7M	4.7M	0	0	0
Intangible Assets	199.66M	209.88M	219.13M	194.98M	175.13M	150.9M	129.62M	110.63M	94.19M	78.24M
Long-Term Investments	2M	698K	742K	755K	766K	897K	897K	922K	18.11M	0
Other Non-Current Assets	-10.64M	-11.53M	40.14M	42.19M	34.54M	28.21M	23.97M	16.97M	6.59M	22.73M
Total Assets+	1.07B	1.3B	1.04B	946.18M	1.16B	1.04B	1.07B	980.78M	905.08M	790.28M
Asset Turnover	1.69x	1.44x	2.12x	2.15x	1.60x	1.35x	1.40x	1.57x	1.73x	2.04x
Asset Growth %	-0.05%	0.21%	-0.2%	-0.09%	0.22%	-0.1%	0.03%	-0.08%	-0.08%	-0.13%
Total Current Liabilities+	258.05M	413.22M	413.46M	408.54M	406.67M	372.96M	415.32M	462.08M	478.8M	279.23M
Accounts Payable	152.18M	192.74M	187.91M	186.82M	143.68M	137.58M	182.62M	267.92M	299.16M	148.85M
Days Payables Outstanding	41	49.65	41.66	45.25	37.23	42.51	57.53	81.92	90.21	42.7
Short-Term Debt	0	100M	100M	100M	75M	50M	40M	99.98M	0	64.52M
Deferred Revenue (Current)	0	0	0	1000K	1000K	0	1000K	1000K	0	0
Other Current Liabilities	0	0	0	0	-13.37M	-718K	-850K	-102.78M	0	214.7M
Current Ratio	1.73x	1.46x	1.50x	1.45x	1.44x	1.34x	1.28x	1.16x	1.11x	1.67x
Quick Ratio	0.33x	0.28x	0.30x	0.30x	0.28x	0.51x	0.50x	0.40x	0.32x	0.59x
Cash Conversion Cycle	66.41	92.52	84.42	85.57	102.39	83.88	77	47.44	47.43	65.47
Total Non-Current Liabilities+	105.25M	172.9M	157.78M	87.01M	332.01M	364.42M	427.86M	387.94M	355.7M	238.87M
Long-Term Debt	0	59.6M	96.4M	33.5M	99.7M	127.6M	185.7M	182.15M	196.34M	115.5M
Capital Lease Obligations	0	0	0	0	186.14M	184.78M	219.59M	184.75M	142.19M	0
Deferred Tax Liabilities	29.86M	16.87M	2.11M	47.05M	109.32M	101.34M	1.43M	1.97M	1.29M	0
Other Non-Current Liabilities	75.38M	96.43M	59.28M	53.51M	46.17M	52.04M	21.05M	14.93M	12.3M	123.38M
Total Liabilities	363.3M	586.12M	571.25M	495.55M	738.68M	737.38M	843.18M	850.03M	834.5M	518.1M
Total Debt+	0	159.6M	196.4M	133.5M	453.41M	454.89M	542.44M	466.88M	440.74M	180.02M
Net Debt	-28.57M	140.6M	180.27M	119.49M	445.17M	446.87M	532.05M	452.67M	430.28M	170.96M
Debt / Equity	-	0.22x	0.42x	0.30x	1.09x	1.51x	2.38x	3.57x	6.24x	0.66x
Debt / EBITDA	-	2.39x	-	3.40x	10.75x	-	-	-	23.66x	3.34x
Net Debt / EBITDA	-0.50x	2.10x	-	3.04x	10.56x	-	-	-	23.10x	3.17x
Interest Coverage	2.47x	3.91x	-25.49x	-2.83x	-3.19x	-17.14x	-5.28x	-2.93x	-0.54x	0.91x
Total Equity+	708.39M	713.71M	467.96M	450.63M	417.75M	301.03M	228.37M	130.75M	70.58M	272.19M
Equity Growth %	-0.1%	0.01%	-0.34%	-0.04%	-0.07%	-0.28%	-0.24%	-0.43%	-0.46%	2.86%
Book Value per Share	38.10	38.16	25.02	23.81	21.75	15.15	11.02	6.23	2.65	10.35
Total Shareholders' Equity	708.39M	713.71M	467.96M	450.63M	417.75M	301.03M	228.37M	130.75M	70.58M	272.19M
Common Stock	486K	494K	501K	510K	521K	533K	542K	551K	558K	341K
Retained Earnings	27M	32.36M	-220.2M	-244.58M	-282.83M	-414.61M	-491.49M	-593.36M	-656.57M	-712.57M
Treasury Stock	-18.61M	-28.02M	-29.66M	-31.64M	-32.9M	-19.14M	-21.51M	-22.38M	-22.55M	0
Accumulated OCI	1K	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	May 2025
Cash from Operations+	82.78M	67.99M	60.04M	120.82M	-16.1M	32.88M	1.16M	91.67M	-5.12M	-85.41M
Operating CF Margin %	0.05%	0.04%	0.03%	0.06%	-0.01%	0.02%	0%	0.06%	-0%	-0.05%
Operating CF Growth %	5.12%	-0.18%	-0.12%	1.01%	-1.13%	3.04%	-0.96%	77.96%	-1.06%	-15.68%
Net Income	84K	5.36M	-252.57M	-24.37M	-38.25M	-131.79M	-61.56M	-90.14M	-62.48M	-65.83M
Depreciation & Amortization	52.69M	53.32M	65.59M	66.96M	65.94M	58M	42.51M	42.19M	40.56M	37.94M
Stock-Based Compensation	6.67M	9.37M	8.46M	9.02M	6.64M	8.25M	9.65M	4.71M	3.23M	5.39M
Deferred Taxes	-11.87M	-11.96M	-14.77M	-4.53M	-5.38M	0	-7.96M	409K	-550K	-829K
Other Non-Cash Items	12.47M	792K	314.63M	59.3M	1.53M	25.1M	11.87M	10.29M	19.55M	-62.08M
Working Capital Changes	22.73M	11.11M	-61.3M	14.45M	-46.58M	73.31M	6.65M	124.2M	-5.42M	0
Change in Receivables	25.73M	-6.41M	-13.67M	1.81M	7.32M	-30.22M	-15.53M	43.49M	-11.6M	0
Change in Inventory	-15.53M	2.05M	-7.06M	24.02M	-2.33M	144.88M	-14.1M	-29.86M	-23.7M	44.48M
Change in Payables	9.15M	3.33M	-3.71M	-5.14M	-59.09M	-8.73M	45.94M	82.34M	19.26M	-181.26M
Cash from Investing+	-70.74M	-224.44M	-100.03M	-54.65M	-29.59M	-36.88M	-42.66M	-31.04M	7.4M	-12.1M
Capital Expenditures	-50.79M	-34.67M	-42.81M	-46.42M	-36.19M	-37.22M	-43.53M	-25.09M	-14.07M	-12.89M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.11M	-3.05M	1.04M	1.77M	6.6M	348K	872K	-5.95M	21.47M	793K
Cash from Financing+	-28.29M	147.28M	35.16M	-68.27M	39.94M	11.8M	45.72M	-49.67M	-5.7M	97.67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6.42M	-2.91M	0	-3.4M	0	-1.08M	-9K	0	-16.32M	97.67M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	31.99M	33.32M	17.23M	74.4M	-52.3M	-4.34M	-41.47M	66.58M	-19.19M	-98.31M
FCF Margin %	0.02%	0.02%	0.01%	0.04%	-0.03%	-0%	-0.03%	0.04%	-0.01%	-0.06%
FCF Growth %	1.92%	0.04%	-0.48%	3.32%	-1.7%	0.92%	-8.55%	2.61%	-1.29%	-4.12%
FCF per Share	1.72	1.78	0.92	3.93	-2.72	-0.22	-2.00	3.17	-0.72	-3.74
FCF Conversion (FCF/Net Income)	985.49x	12.68x	-0.24x	-4.96x	0.42x	-0.25x	-0.02x	-0.90x	0.08x	1.30x
Interest Paid	1.15M	2.08M	8.04M	8.59M	0	6.78M	0	0	0	0
Taxes Paid	13.93M	1.47M	25.55M	10.28M	0	6.01M	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	0.01%	0.75%	-42.75%	-5.31%	-8.81%	-36.67%	-26.01%	-56.73%	-62.79%	-38.41%
Return on Invested Capital (ROIC)	0.49%	1.33%	-26.23%	-3.4%	-2.49%	-12.91%	-5.3%	-7.42%	-3.03%	2.53%
Gross Margin	25.07%	24.4%	25.29%	25.94%	23.91%	16.38%	22.92%	22.64%	22.77%	20.98%
Net Margin	0%	0.29%	-11.46%	-1.2%	-2.07%	-9.37%	-4.6%	-6.6%	-4.03%	-4.09%
Debt / Equity	-	0.22x	0.42x	0.30x	1.09x	1.51x	2.38x	3.57x	6.24x	0.66x
Interest Coverage	2.47x	3.91x	-25.49x	-2.83x	-3.19x	-17.14x	-5.28x	-2.93x	-0.54x	0.91x
FCF Conversion	985.49x	12.68x	-0.24x	-4.96x	0.42x	-0.25x	-0.02x	-0.90x	0.08x	1.30x
Revenue Growth	1.98%	3.67%	17.57%	-7.67%	-9.02%	-24.02%	6.34%	3.17%	1.55%	2.75%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2025
Course Materials Product	-	-	-	-	-	-	-	1.02B
Course Materials Product Growth	-	-	-	-	-	-	-	-
General Merchandise Product	-	-	-	-	-	-	-	355.27M
General Merchandise Product Growth	-	-	-	-	-	-	-	-
Service and Other	-	-	-	-	-	-	-	86.52M
Service and Other Growth	-	-	-	-	-	-	-	-
Retail	-	-	-	1.71B	1.33B	1.44B	1.49B	-
Retail Growth	-	-	-	-	-22.33%	8.21%	3.62%	-
Wholesale	-	-	223.37M	198.35M	165.82M	112.25M	106.37M	-
Wholesale Growth	-	-	-	-11.20%	-16.40%	-32.31%	-5.24%	-
DSS	-	15.76M	21.34M	23.66M	27.37M	35.67M	-	-
DSS Growth	-	-	35.38%	10.88%	15.69%	30.29%	-	-
Intersegment Eliminations	-5.29M	-87.76M	-99.08M	-83.84M	-	-	-	-
Intersegment Eliminations Growth	-	-1558.92%	-12.90%	15.38%	-	-	-	-
BNC	1.85B	1.82B	-	-	-	-	-	-
BNC Growth	-	-1.60%	-	-	-	-	-	-
MBS	34.09M	459.53M	-	-	-	-	-	-
MBS Growth	-	1247.95%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Barnes & Noble Education, Inc. (BNED) reported $1.61B in revenue for fiscal year 2025. This represents a 9% decrease from $1.76B in 2013.

Barnes & Noble Education, Inc. (BNED) grew revenue by 2.7% over the past year. Growth has been modest.

Barnes & Noble Education, Inc. (BNED) reported a net loss of $65.8M for fiscal year 2025.

Dividend & Returns

Barnes & Noble Education, Inc. (BNED) has a return on equity (ROE) of -38.4%. Negative ROE indicates the company is unprofitable.

Barnes & Noble Education, Inc. (BNED) had negative free cash flow of $98.3M in fiscal year 2025, likely due to heavy capital investments.