Barnes & Noble Education, Inc — Earnings Quality Grade F
BNED · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 12 days, change -4 days YoY
AR growth -21.2% vs revenue growth 2.7%
Revenue 2.7%, CFFO -1567.6%. Cash follows revenue
Expense Quality
Inventory -12.4% vs COGS 4.1%. Normal
CapEx growth -8.4% vs revenue 2.7%. Normal
SG&A/Gross Profit = 84.0%, exceeds 70%
Gross margin 21.0%, change -1.0pp. Stable
Cash Flow Quality
CFFO/NI = 1.30. Profits backed by cash
FCF is negative ($-0.1B)
Accruals ratio = 2.5%. Low accruals
Cash $0.0B covers only 3% of debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 29% of equity. Manageable
Interest coverage = 0.9x (<2x). Financial stress
Other assets -8.0% vs revenue 2.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -17% YoY. Normal
Manipulation Score
M-Score = -2.42 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25