BNEDNYSERetail-Miscellaneous Shopping Goods StoresFiscal year ends May 3
Barnes & Noble Education, Inc.
Financials through Q1 FY2027, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 8, 2026
$12.90−0.05 (-0.39%)
Close on Oct 19, 2026
- Market cap
- $445.46M
- P/E (TTM)
- 20.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2026
Gross margin
21.4%+5.0 pts over 5 years
Operating margin
2.1%+14.1 pts over 5 years
Net margin
1.0%+10.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.5% | +3.6% | +4.0% | -0.5% | |
| Gross profit | +8.4% | +1.6% | +9.7% | -2.1% | |
| Operating income | +129.5% | – | – | +23.0% | |
| Net income | – | – | – | +69.9% | |
| Free cash flow | – | -20.2% | – | +0.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 0.8% | -39.3% | 6.0% | |
| Return on assets | 0.5% | -12.8% | 2.2% | |
| Current ratio | 1.46 | 1.34 | 1.71 | |
| Inventory turnover | 3.8× | 3.3× | 4.5× | |
| Capex to revenue | 1.8% | 2.0% | 0.9% | |
| Diluted shares | 2M | 2M | 35M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Barnes & Noble Education generated $248.46M from operations and spent $105.27M on capital expenditure, dividends and share buybacks. 97% of that went back into the business.
Generated
$248.46M
Used
$105.27M
Capital expenditure$101.86M97%Dividends$00%Share buybacks$3.42M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.0%
×Asset turnover2.24×
×Equity multiplier2.70×
=Return on equity, FY20266.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 1.0% | 2.24× | 2.70× | 6.0% |
| FY2025 | -4.1% | 1.89× | 4.82× | -37.3% |
| FY2024 | -4.8% | 1.66× | 8.10× | -64.9% |
| FY2023 | -6.6% | 1.50× | 5.38× | -53.4% |
| FY2022 | -4.6% | 1.42× | 4.03× | -26.4% |
| FY2021 | -9.9% | 1.29× | 3.08× | -39.3% |
| FY2020 | -2.1% | 1.76× | 2.42× | -8.8% |
| FY2019 | -1.2% | 2.05× | 2.16× | -5.3% |
| FY2018 | -11.5% | 1.88× | 1.98× | -42.7% |
| FY2017 | 0.3% | 1.58× | 1.67× | 0.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$16.87M
- Cash generatingOperating cash flow above zero$50.06M
- Return on assets improvedROA up on the prior year-7.2% → 2.1%
- Earnings backed by cashOperating cash flow above net income$50.06M vs $16.87M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.67 → 1.71
- No dilutionShare count did not rise26M → 35M
- Gross margin improvedGross margin up on the prior year20.98% → 21.35%
- More efficientAsset turnover rose1.77 → 2.17