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Barnes & Noble Education vs Sportsman'S Warehouse: revenue, profit, margins and growth compared

Barnes & Noble Education brought in $1.7B of revenue in fiscal 2026, Sportsman'S Warehouse $1.2B in fiscal 2025. Revenue changed by +6.5% at Barnes & Noble Education and +1.0% at Sportsman'S Warehouse on the year before, so Barnes & Noble Education grew faster. Barnes & Noble Education kept 1.0% of its revenue as net profit, Sportsman'S Warehouse -4.1%. Free cash flow was $33.9M at Barnes & Noble Education and $8.9M at Sportsman'S Warehouse.

Side by side, latest fiscal year

BNEDSPWH
Fiscal year endedFY2026 (May 2, 2026)FY2025 (January 31, 2026)
Revenue$1.7B$1.2B
Revenue growth+6.5%+1.0%
Net income$16.9M-$50.1M
Net margin1.0%-4.1%
Free cash flow$33.9M$8.9M
Free cash flow margin2.0%0.7%
Earnings per share (diluted)$0.49-$1.30
Cash$8.4M$1.7M
Debt$71M$44.2M
Price to earnings23.1n/a
Market value$392.8M$46M
Dividend yieldn/an/a
Rank by revenue in sector#378 of 778 · Consumer discretionary#435 of 778 · Consumer discretionary

Over the years

Revenue
BNED FY2019: $2BBNED FY2020: $1.9BBNED FY2021: $1.4BBNED FY2022: $1.5BBNED FY2023: $1.5BBNED FY2024: $1.6BBNED FY2025: $1.6BBNED FY2026: $1.7BSPWH FY2018: $849.1MSPWH FY2019: $886.4MSPWH FY2020: $1.5BSPWH FY2021: $1.5BSPWH FY2022: $1.4BSPWH FY2023: $1.3BSPWH FY2025: $1.2BSPWH FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BNED $1.7BSPWH $1.2B
Net income
BNED FY2019: -$24.4MBNED FY2020: -$38.3MBNED FY2021: -$139.8MBNED FY2022: -$68.9MBNED FY2023: -$101.9MBNED FY2024: -$75.7MBNED FY2025: -$65.8MBNED FY2026: $16.9MSPWH FY2018: $23.8MSPWH FY2019: $20.2MSPWH FY2020: $91.4MSPWH FY2021: $108.5MSPWH FY2022: $40.5MSPWH FY2023: -$29MSPWH FY2025: -$33.1MSPWH FY2025: -$50.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
BNED $16.9MSPWH -$50.1M
Net margin
BNED FY2019: -1.2%BNED FY2020: -2.1%BNED FY2021: -9.9%BNED FY2022: -4.6%BNED FY2023: -6.6%BNED FY2024: -4.8%BNED FY2025: -4.1%BNED FY2026: 1.0%SPWH FY2018: 2.8%SPWH FY2019: 2.3%SPWH FY2020: 6.3%SPWH FY2021: 7.2%SPWH FY2022: 2.9%SPWH FY2023: -2.3%SPWH FY2025: -2.8%SPWH FY2025: -4.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BNED 1.0%SPWH -4.1%
Revenue growth
BNED FY2020: -9.0%BNED FY2021: -24.0%BNED FY2022: +6.3%BNED FY2023: +3.2%BNED FY2024: +1.6%BNED FY2025: +2.7%BNED FY2026: +6.5%SPWH FY2019: +4.4%SPWH FY2020: +63.8%SPWH FY2021: +3.7%SPWH FY2022: -7.1%SPWH FY2023: -8.0%SPWH FY2025: -7.0%SPWH FY2025: +1.0%FY19FY20FY21FY22FY23FY24FY25FY26
BNED +6.5%SPWH +1.0%
Free cash flow
BNED FY2019: $75.4MBNED FY2020: -$44.9MBNED FY2021: $5.3MBNED FY2022: -$32.4MBNED FY2023: $66.6MBNED FY2024: -$19.2MBNED FY2025: -$98.3MBNED FY2026: $33.9MSPWH FY2018: $14.2MSPWH FY2019: $47.5MSPWH FY2020: $219.1MSPWH FY2021: -$75.1MSPWH FY2022: -$16.7MSPWH FY2023: -$27.6MSPWH FY2025: $19.6MSPWH FY2025: $8.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
BNED $33.9MSPWH $8.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Barnes & Noble Education and Sportsman'S Warehouse

Which is bigger by revenue, Barnes & Noble Education or Sportsman'S Warehouse?

Barnes & Noble Education is bigger by revenue: $1.7B in fiscal 2026, against $1.2B for Sportsman'S Warehouse in fiscal 2025.

Which keeps more of its revenue as profit, Barnes & Noble Education or Sportsman'S Warehouse?

Barnes & Noble Education had a net margin of 1.0% in fiscal 2026; Sportsman'S Warehouse had -4.1% in fiscal 2025.

Which grew revenue faster, Barnes & Noble Education or Sportsman'S Warehouse?

In their latest fiscal years revenue changed by +6.5% at Barnes & Noble Education and +1.0% at Sportsman'S Warehouse.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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