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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 1.4× AlTi Global, Inc.). NOODLES & Co runs the higher net margin — -7.5% vs -15.1%, a 7.6% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs -4.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs -1.2%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $122.1M |
| Net Profit | $-13.1M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | -2.1% | -5.2% |
| Net Margin | -15.1% | -7.5% |
| Revenue YoY | 87.0% | -4.1% |
| Net Profit YoY | 75.6% | 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.
| Q4 25 | $86.6M | — | ||
| Q3 25 | $57.2M | $122.1M | ||
| Q2 25 | $53.1M | $123.8M | ||
| Q1 25 | $58.0M | — | ||
| Q4 24 | $46.3M | $122.8M | ||
| Q3 24 | $51.8M | $127.4M | ||
| Q2 24 | $49.5M | $121.4M | ||
| Q1 24 | $50.8M | $124.3M |
| Q4 25 | $-13.1M | — | ||
| Q3 25 | $-84.1M | $-9.2M | ||
| Q2 25 | $-24.4M | $-9.1M | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $-53.8M | $-6.8M | ||
| Q3 24 | $-72.5M | $-13.6M | ||
| Q2 24 | $-6.4M | $-6.1M | ||
| Q1 24 | $29.7M | $-6.1M |
| Q4 25 | -2.1% | — | ||
| Q3 25 | -49.8% | -5.2% | ||
| Q2 25 | -56.7% | -5.2% | ||
| Q1 25 | -23.3% | — | ||
| Q4 24 | -42.7% | -3.9% | ||
| Q3 24 | -18.4% | -9.0% | ||
| Q2 24 | -30.2% | -3.4% | ||
| Q1 24 | -28.9% | -3.7% |
| Q4 25 | -15.1% | — | ||
| Q3 25 | -147.0% | -7.5% | ||
| Q2 25 | -45.9% | -7.3% | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | -116.1% | -5.5% | ||
| Q3 24 | -140.0% | -10.7% | ||
| Q2 24 | -12.9% | -5.1% | ||
| Q1 24 | 58.4% | -4.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | $-0.33 | $-0.20 | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.71 | $-0.15 | ||
| Q3 24 | $-0.88 | $-0.30 | ||
| Q2 24 | $-0.18 | $-0.14 | ||
| Q1 24 | $0.18 | $-1.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $4.7M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $-38.9M |
| Total Assets | $1.2B | $280.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | — | ||
| Q3 25 | $35.8M | $4.7M | ||
| Q2 25 | $42.4M | $1.4M | ||
| Q1 25 | $52.8M | — | ||
| Q4 24 | $64.4M | $3.3M | ||
| Q3 24 | $220.6M | $1.8M | ||
| Q2 24 | $60.0M | $1.3M | ||
| Q1 24 | $134.2M | $3.0M |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | — | ||
| Q3 25 | $607.2M | $-38.9M | ||
| Q2 25 | $685.4M | $-13.9M | ||
| Q1 25 | $665.2M | — | ||
| Q4 24 | $658.4M | $3.7M | ||
| Q3 24 | $707.0M | $9.6M | ||
| Q2 24 | $540.2M | $21.9M | ||
| Q1 24 | $510.9M | $27.2M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $280.6M | ||
| Q2 25 | $1.2B | $319.4M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $340.5M | ||
| Q3 24 | $1.4B | $346.3M | ||
| Q2 24 | $1.3B | $360.4M | ||
| Q1 24 | $1.3B | $368.1M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $4.3M |
| Free Cash FlowOCF − Capex | $-52.2M | $-2.8M |
| FCF MarginFCF / Revenue | -60.3% | -2.3% |
| Capex IntensityCapex / Revenue | 0.9% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | — | ||
| Q3 25 | $-53.5M | $4.3M | ||
| Q2 25 | $-19.9M | $4.0M | ||
| Q1 25 | $-30.2M | — | ||
| Q4 24 | $-50.7M | $5.8M | ||
| Q3 24 | $-4.9M | $4.7M | ||
| Q2 24 | $-30.2M | $7.0M | ||
| Q1 24 | $-15.5M | $164.0K |
| Q4 25 | $-52.2M | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | $-20.0M | $1.1M | ||
| Q1 25 | $-31.0M | — | ||
| Q4 24 | $-58.2M | $-1.3M | ||
| Q3 24 | $-9.4M | $-4.5M | ||
| Q2 24 | $-31.2M | $-1.6M | ||
| Q1 24 | $-15.7M | $-15.2M |
| Q4 25 | -60.3% | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | -37.6% | 0.9% | ||
| Q1 25 | -53.4% | — | ||
| Q4 24 | -125.7% | -1.1% | ||
| Q3 24 | -18.2% | -3.5% | ||
| Q2 24 | -63.2% | -1.4% | ||
| Q1 24 | -30.9% | -12.2% |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.0% | 5.8% | ||
| Q2 25 | 0.0% | 2.4% | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 16.3% | 5.8% | ||
| Q3 24 | 8.7% | 7.2% | ||
| Q2 24 | 2.2% | 7.1% | ||
| Q1 24 | 0.4% | 12.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
