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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) 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 $74.5M, roughly 1.6× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -7.5%, a 165.6% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs -4.1%). AMERICAN SUPERCONDUCTOR CORP produced more free cash flow last quarter ($2.4M vs $-2.8M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs -1.2%).

Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.

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.

AMSC vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.6× larger
NDLS
$122.1M
$74.5M
AMSC
Growing faster (revenue YoY)
AMSC
AMSC
+25.5% gap
AMSC
21.4%
-4.1%
NDLS
Higher net margin
AMSC
AMSC
165.6% more per $
AMSC
158.1%
-7.5%
NDLS
More free cash flow
AMSC
AMSC
$5.2M more FCF
AMSC
$2.4M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
-1.2%
NDLS

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
AMSC
AMSC
NDLS
NDLS
Revenue
$74.5M
$122.1M
Net Profit
$117.8M
$-9.2M
Gross Margin
30.7%
Operating Margin
4.5%
-5.2%
Net Margin
158.1%
-7.5%
Revenue YoY
21.4%
-4.1%
Net Profit YoY
4679.1%
32.8%
EPS (diluted)
$2.62
$-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
AMSC
AMSC
NDLS
NDLS
Q4 25
$74.5M
Q3 25
$65.9M
$122.1M
Q2 25
$72.4M
$123.8M
Q1 25
$66.7M
Q4 24
$61.4M
$122.8M
Q3 24
$54.5M
$127.4M
Q2 24
$40.3M
$121.4M
Q1 24
$42.0M
$124.3M
Net Profit
AMSC
AMSC
NDLS
NDLS
Q4 25
$117.8M
Q3 25
$4.8M
$-9.2M
Q2 25
$6.7M
$-9.1M
Q1 25
$1.2M
Q4 24
$2.5M
$-6.8M
Q3 24
$4.9M
$-13.6M
Q2 24
$-2.5M
$-6.1M
Q1 24
$-1.6M
$-6.1M
Gross Margin
AMSC
AMSC
NDLS
NDLS
Q4 25
30.7%
Q3 25
31.0%
Q2 25
33.8%
Q1 25
26.5%
Q4 24
26.6%
Q3 24
28.7%
Q2 24
30.3%
Q1 24
24.8%
Operating Margin
AMSC
AMSC
NDLS
NDLS
Q4 25
4.5%
Q3 25
4.5%
-5.2%
Q2 25
7.8%
-5.2%
Q1 25
2.5%
Q4 24
2.1%
-3.9%
Q3 24
-1.4%
-9.0%
Q2 24
-8.2%
-3.4%
Q1 24
-5.3%
-3.7%
Net Margin
AMSC
AMSC
NDLS
NDLS
Q4 25
158.1%
Q3 25
7.2%
-7.5%
Q2 25
9.3%
-7.3%
Q1 25
1.8%
Q4 24
4.0%
-5.5%
Q3 24
9.0%
-10.7%
Q2 24
-6.3%
-5.1%
Q1 24
-3.8%
-4.9%
EPS (diluted)
AMSC
AMSC
NDLS
NDLS
Q4 25
$2.62
Q3 25
$0.11
$-0.20
Q2 25
$0.17
$-0.20
Q1 25
$0.04
Q4 24
$0.06
$-0.15
Q3 24
$0.13
$-0.30
Q2 24
$-0.07
$-0.14
Q1 24
$-0.03
$-1.64

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$141.1M
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$536.8M
$-38.9M
Total Assets
$719.5M
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
NDLS
NDLS
Q4 25
$141.1M
Q3 25
$212.9M
$4.7M
Q2 25
$207.9M
$1.4M
Q1 25
$79.5M
Q4 24
$75.2M
$3.3M
Q3 24
$72.1M
$1.8M
Q2 24
$93.5M
$1.3M
Q1 24
$90.5M
$3.0M
Stockholders' Equity
AMSC
AMSC
NDLS
NDLS
Q4 25
$536.8M
Q3 25
$342.2M
$-38.9M
Q2 25
$333.1M
$-13.9M
Q1 25
$197.1M
Q4 24
$192.7M
$3.7M
Q3 24
$187.0M
$9.6M
Q2 24
$143.3M
$21.9M
Q1 24
$144.6M
$27.2M
Total Assets
AMSC
AMSC
NDLS
NDLS
Q4 25
$719.5M
Q3 25
$445.6M
$280.6M
Q2 25
$452.8M
$319.4M
Q1 25
$310.5M
Q4 24
$310.3M
$340.5M
Q3 24
$298.4M
$346.3M
Q2 24
$240.1M
$360.4M
Q1 24
$232.8M
$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
AMSC
AMSC
NDLS
NDLS
Operating Cash FlowLast quarter
$3.2M
$4.3M
Free Cash FlowOCF − Capex
$2.4M
$-2.8M
FCF MarginFCF / Revenue
3.2%
-2.3%
Capex IntensityCapex / Revenue
1.2%
5.8%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
NDLS
NDLS
Q4 25
$3.2M
Q3 25
$6.5M
$4.3M
Q2 25
$4.1M
$4.0M
Q1 25
$6.3M
Q4 24
$5.9M
$5.8M
Q3 24
$12.7M
$4.7M
Q2 24
$3.4M
$7.0M
Q1 24
$2.2M
$164.0K
Free Cash Flow
AMSC
AMSC
NDLS
NDLS
Q4 25
$2.4M
Q3 25
$5.1M
$-2.8M
Q2 25
$3.3M
$1.1M
Q1 25
$5.3M
Q4 24
$5.3M
$-1.3M
Q3 24
$12.1M
$-4.5M
Q2 24
$3.1M
$-1.6M
Q1 24
$1.9M
$-15.2M
FCF Margin
AMSC
AMSC
NDLS
NDLS
Q4 25
3.2%
Q3 25
7.7%
-2.3%
Q2 25
4.6%
0.9%
Q1 25
7.9%
Q4 24
8.7%
-1.1%
Q3 24
22.3%
-3.5%
Q2 24
7.8%
-1.4%
Q1 24
4.6%
-12.2%
Capex Intensity
AMSC
AMSC
NDLS
NDLS
Q4 25
1.2%
Q3 25
2.1%
5.8%
Q2 25
1.1%
2.4%
Q1 25
1.6%
Q4 24
0.9%
5.8%
Q3 24
1.1%
7.2%
Q2 24
0.7%
7.1%
Q1 24
0.7%
12.3%
Cash Conversion
AMSC
AMSC
NDLS
NDLS
Q4 25
0.03×
Q3 25
1.37×
Q2 25
0.61×
Q1 25
5.22×
Q4 24
2.38×
Q3 24
2.60×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMSC
AMSC

Equipment And Systems$56.0M75%
Megatran$14.1M19%
Comtrafo Industria De Transformadores Eletricos SA$4.6M6%

NDLS
NDLS

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

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