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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $122.1M, roughly 1.4× NOODLES & Co). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -7.5%, a 27.6% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -4.1%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -1.2%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.

AAMI vs NDLS — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.4× larger
AAMI
$172.2M
$122.1M
NDLS
Growing faster (revenue YoY)
AAMI
AAMI
+6.8% gap
AAMI
2.6%
-4.1%
NDLS
Higher net margin
AAMI
AAMI
27.6% more per $
AAMI
20.2%
-7.5%
NDLS
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AAMI
AAMI
NDLS
NDLS
Revenue
$172.2M
$122.1M
Net Profit
$34.7M
$-9.2M
Gross Margin
Operating Margin
33.3%
-5.2%
Net Margin
20.2%
-7.5%
Revenue YoY
2.6%
-4.1%
Net Profit YoY
-18.4%
32.8%
EPS (diluted)
$0.97
$-0.20

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
NDLS
NDLS
Q4 25
$172.2M
Q3 25
$144.2M
$122.1M
Q2 25
$127.4M
$123.8M
Q1 25
$119.9M
Q4 24
$167.8M
$122.8M
Q3 24
$123.1M
$127.4M
Q2 24
$109.0M
$121.4M
Q1 24
$105.7M
$124.3M
Net Profit
AAMI
AAMI
NDLS
NDLS
Q4 25
$34.7M
Q3 25
$15.1M
$-9.2M
Q2 25
$10.1M
$-9.1M
Q1 25
$20.1M
Q4 24
$42.5M
$-6.8M
Q3 24
$16.9M
$-13.6M
Q2 24
$11.0M
$-6.1M
Q1 24
$14.6M
$-6.1M
Operating Margin
AAMI
AAMI
NDLS
NDLS
Q4 25
33.3%
Q3 25
18.4%
-5.2%
Q2 25
12.7%
-5.2%
Q1 25
26.6%
Q4 24
38.7%
-3.9%
Q3 24
21.9%
-9.0%
Q2 24
18.9%
-3.4%
Q1 24
21.7%
-3.7%
Net Margin
AAMI
AAMI
NDLS
NDLS
Q4 25
20.2%
Q3 25
10.5%
-7.5%
Q2 25
7.9%
-7.3%
Q1 25
16.8%
Q4 24
25.3%
-5.5%
Q3 24
13.7%
-10.7%
Q2 24
10.1%
-5.1%
Q1 24
13.8%
-4.9%
EPS (diluted)
AAMI
AAMI
NDLS
NDLS
Q4 25
$0.97
Q3 25
$0.42
$-0.20
Q2 25
$0.28
$-0.20
Q1 25
$0.54
Q4 24
$1.11
$-0.15
Q3 24
$0.45
$-0.30
Q2 24
$0.29
$-0.14
Q1 24
$0.37
$-1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$4.7M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$-38.9M
Total Assets
$677.0M
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
NDLS
NDLS
Q4 25
Q3 25
$4.7M
Q2 25
$1.4M
Q1 25
Q4 24
$3.3M
Q3 24
$1.8M
Q2 24
$1.3M
Q1 24
$3.0M
Total Debt
AAMI
AAMI
NDLS
NDLS
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
NDLS
NDLS
Q4 25
Q3 25
$-38.9M
Q2 25
$-13.9M
Q1 25
Q4 24
$3.7M
Q3 24
$9.6M
Q2 24
$21.9M
Q1 24
$27.2M
Total Assets
AAMI
AAMI
NDLS
NDLS
Q4 25
$677.0M
Q3 25
$751.4M
$280.6M
Q2 25
$672.3M
$319.4M
Q1 25
$677.3M
Q4 24
$703.2M
$340.5M
Q3 24
$555.2M
$346.3M
Q2 24
$533.1M
$360.4M
Q1 24
$544.9M
$368.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
NDLS
NDLS
Operating Cash FlowLast quarter
$-2.4M
$4.3M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
NDLS
NDLS
Q4 25
$-2.4M
Q3 25
$-23.9M
$4.3M
Q2 25
$61.6M
$4.0M
Q1 25
$-48.8M
Q4 24
$55.8M
$5.8M
Q3 24
$69.6M
$4.7M
Q2 24
$45.7M
$7.0M
Q1 24
$-40.4M
$164.0K
Free Cash Flow
AAMI
AAMI
NDLS
NDLS
Q4 25
Q3 25
$-2.8M
Q2 25
$1.1M
Q1 25
Q4 24
$-1.3M
Q3 24
$-4.5M
Q2 24
$-1.6M
Q1 24
$-15.2M
FCF Margin
AAMI
AAMI
NDLS
NDLS
Q4 25
Q3 25
-2.3%
Q2 25
0.9%
Q1 25
Q4 24
-1.1%
Q3 24
-3.5%
Q2 24
-1.4%
Q1 24
-12.2%
Capex Intensity
AAMI
AAMI
NDLS
NDLS
Q4 25
Q3 25
5.8%
Q2 25
2.4%
Q1 25
Q4 24
5.8%
Q3 24
7.2%
Q2 24
7.1%
Q1 24
12.3%
Cash Conversion
AAMI
AAMI
NDLS
NDLS
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

NDLS
NDLS

Food And Beverage$119.6M98%
Franchise$2.5M2%

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