BNED
Barnes & Noble Education, Inc.
BNED offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
NIO
NIO Inc.
NIO has a slight edge over BNED overall, supported by stronger fundamentals and lower modeled downside.
BNED Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Healthy |
BNED's balance sheet is currently healthy, and its revenue, profitability and cash flow are stable.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
BNED PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $11.71 | -7.8% |
| Current | 19x | $12.70 | — |
| Fair | 20x | $13.51 | +6.4% |
| Expensive | 26x | $16.96 | +34% |
Historical ranges are pointers, not guarantees.
BNED's PE is 19x, but its earnings don't support one, so it isn't a reliable read right now.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
BNED Forward outlook
There aren't enough analyst estimates for BNED to show an outlook.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
BNED Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.66 | -25% |
| Q2 2026 | $0.49 | +$6.43 |
| Q1 2024 | -$156.00 | -$31.00 |
| Q4 2023 | -$186.00 | -$38.00 |
| Q3 2023 | -$190.00 | -$41.00 |
| Q2 2023 | -$195.00 | -$61.00 |
| Q1 2023 | -$125.00 | +$79.00 |
| Q4 2022 | -$148.00 | +$81.00 |
BNED has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
BNED Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $290.6M | +0.8% |
| Q2 2026 | $267.1M | -5.2% |
| Q1 2026 | $515.1M | +10% |
| Q4 2025 | $644.4M | +7% |
| Q3 2025 | $288.2M | +9.4% |
| Q2 2025 | $281.8M | +19% |
| Q1 2025 | $466.3M | +2.1% |
| Q4 2024 | $602.1M | -1.4% |
BNED's revenue has picked up after three years of holding roughly level: $291M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -5.9% | +2.1 points |
| Q2 2026 | 1.6% | +5.7 points |
| Q1 2026 | 2.8% | -2.1 points |
| Q4 2025 | 6.3% | -3 points |
| Q3 2025 | -8% | +27 points |
| Q2 2025 | -4% | +3.1 points |
| Q1 2025 | 4.9% | +4.7 points |
| Q4 2024 | 9.3% | +3.5 points |
BNED's operating margin was −5.9% last quarter, up 2.1 points from the same quarter a year ago.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over BNED on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO has the edge over BNED on profitability, with a higher operating margin.
BNED Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$56.4M | +$14.9M |
| Q2 2026 | $76.4M | +54% |
| Q1 2026 | -$33.1M | +$11.6M |
| Q4 2025 | $61.9M | +40% |
| Q3 2025 | -$71.3M | +$76.1M |
| Q2 2025 | $49.5M | -37% |
| Q1 2025 | -$44.7M | -$5.7M |
| Q4 2024 | $44.4M | -35% |
BNED has the edge over NIO on cash flow, with more consistent year-over-year improvement.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
BNED Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -82.4K shares |
| 1 year | +1.4% | +478K shares |
| 3 years | +6464% | +34M shares |
| 5 years | +6852% | +34M shares |
| Available history | +6982% | +34M shares |
BNED has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $1,000 |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $4,000 |
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
BNED Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 6.8x | High |
| Q1 2025 | 13.4x | High |
| Q2 2024 | 10.0x | High |
BNED's net debt is about 1.6 years of its operating earnings (EBITDA), down from 2.1 years a year ago.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BNED Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.9 | Neutral |
| Stochastic | 62.1 | Neutral |
BNED's weekly RSI is 56 (neutral) and its Stochastic is 62 (neutral).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
BNED PE vs Consumer Cyclical Sector
| Metric | BNED | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 18x | 6.8% above |
BNED is trading at 19x earnings, in line with the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
BNED Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.5 | 1.6% above |
| 20 week MA | $12.3 | 3.4% above |
| 50 week MA | $10.6 | 20% above |
| 100 week MA | $10.2 | 24% above |
| 200 week MA | $50.4 | 75% below |
BNED has the edge over NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
BNED Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $417.0 | $508.0 | +22% |
| 2021 | $508.0 | $669.0 | +32% |
| 2022 | $669.0 | $159.0 | -76% |
| 2023 | $159.0 | $149.0 | -6.3% |
| 2024 | $149.0 | $10.3 | -93% |
| 2025 | $10.3 | $9.65 | -6.2% |
| 2026 YTD | $9.65 | $12.7 | +32% |
BNED has the edge over NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.