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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $103.0M, roughly 1.2× ACADIA REALTY TRUST). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs -7.5%, a 142.6% gap on every dollar of revenue. On growth, ACADIA REALTY TRUST posted the faster year-over-year revenue change (-1.3% vs -4.1%). Over the past eight quarters, ACADIA REALTY TRUST's revenue compounded faster (7.0% CAGR vs -1.2%).
Acadia Realty Trust is a publicly traded real estate investment trust (REIT) that specializes in owning, operating, and redeveloping high-quality retail and mixed-use properties, primarily in dense, high-barrier-to-entry U.S. markets. Its portfolio includes neighborhood shopping centers, urban street retail assets, and community-focused mixed-use developments.
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.
AKR vs NDLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.0M | $122.1M |
| Net Profit | $139.1M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 153.9% | -5.2% |
| Net Margin | 135.1% | -7.5% |
| Revenue YoY | -1.3% | -4.1% |
| Net Profit YoY | -58.2% | 32.8% |
| EPS (diluted) | — | $-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.
| Q1 26 | $103.0M | — | ||
| Q3 25 | — | $122.1M | ||
| Q2 25 | — | $123.8M | ||
| Q4 24 | $93.3M | $122.8M | ||
| Q3 24 | $87.7M | $127.4M | ||
| Q2 24 | $87.3M | $121.4M | ||
| Q1 24 | $91.4M | $124.3M | ||
| Q4 23 | $85.5M | $127.9M |
| Q1 26 | $139.1M | — | ||
| Q3 25 | — | $-9.2M | ||
| Q2 25 | — | $-9.1M | ||
| Q4 24 | $1.2M | $-6.8M | ||
| Q3 24 | $12.3M | $-13.6M | ||
| Q2 24 | $1.6M | $-6.1M | ||
| Q1 24 | $-6.9M | $-6.1M | ||
| Q4 23 | $-10.2M | $700.0K |
| Q1 26 | 153.9% | — | ||
| Q3 25 | — | -5.2% | ||
| Q2 25 | — | -5.2% | ||
| Q4 24 | 17.5% | -3.9% | ||
| Q3 24 | 19.9% | -9.0% | ||
| Q2 24 | 20.4% | -3.4% | ||
| Q1 24 | 15.3% | -3.7% | ||
| Q4 23 | 12.4% | 1.6% |
| Q1 26 | 135.1% | — | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | -7.3% | ||
| Q4 24 | 1.2% | -5.5% | ||
| Q3 24 | 14.0% | -10.7% | ||
| Q2 24 | 1.8% | -5.1% | ||
| Q1 24 | -7.5% | -4.9% | ||
| Q4 23 | -12.0% | 0.5% |
| Q1 26 | — | — | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.20 | ||
| Q4 24 | $0.08 | $-0.15 | ||
| Q3 24 | $0.07 | $-0.30 | ||
| Q2 24 | $0.01 | $-0.14 | ||
| Q1 24 | $0.03 | $-1.64 | ||
| Q4 23 | $-0.01 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.4M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $-38.9M |
| Total Assets | $4.5B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4M | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $1.4M | ||
| Q4 24 | $16.8M | $3.3M | ||
| Q3 24 | $46.2M | $1.8M | ||
| Q2 24 | $31.9M | $1.3M | ||
| Q1 24 | $18.8M | $3.0M | ||
| Q4 23 | $17.5M | $2.5M |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — | ||
| Q4 23 | $1.9B | — |
| Q1 26 | $2.6B | — | ||
| Q3 25 | — | $-38.9M | ||
| Q2 25 | — | $-13.9M | ||
| Q4 24 | $2.1B | $3.7M | ||
| Q3 24 | $1.9B | $9.6M | ||
| Q2 24 | $1.8B | $21.9M | ||
| Q1 24 | $1.8B | $27.2M | ||
| Q4 23 | $1.6B | $32.5M |
| Q1 26 | $4.5B | — | ||
| Q3 25 | — | $280.6M | ||
| Q2 25 | — | $319.4M | ||
| Q4 24 | $4.4B | $340.5M | ||
| Q3 24 | $4.3B | $346.3M | ||
| Q2 24 | $4.3B | $360.4M | ||
| Q1 24 | $4.3B | $368.1M | ||
| Q4 23 | $4.3B | $368.8M |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.95× | — | ||
| Q1 24 | 0.98× | — | ||
| Q4 23 | 1.14× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | 1.7% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | — | $4.3M | ||
| Q2 25 | — | $4.0M | ||
| Q4 24 | $140.4M | $5.8M | ||
| Q3 24 | $44.6M | $4.7M | ||
| Q2 24 | $32.0M | $7.0M | ||
| Q1 24 | $26.0M | $164.0K | ||
| Q4 23 | $40.6M | $16.9M |
| Q1 26 | — | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $1.1M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-15.2M | ||
| Q4 23 | — | $4.1M |
| Q1 26 | — | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 0.9% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -12.2% | ||
| Q4 23 | — | 3.2% |
| Q1 26 | 1.7% | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 12.3% | ||
| Q4 23 | — | 10.0% |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 121.08× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 20.25× | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 24.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AKR
| Rental | $98.6M | 96% |
| Other | $4.4M | 4% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
