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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $122.1M, roughly 1.6× NOODLES & Co). NOODLES & Co runs the higher net margin — -7.5% vs -14.6%, a 7.1% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -4.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -1.2%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs NDLS — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.6× larger
AXSM
$196.0M
$122.1M
NDLS
Growing faster (revenue YoY)
AXSM
AXSM
+69.2% gap
AXSM
65.0%
-4.1%
NDLS
Higher net margin
NDLS
NDLS
7.1% more per $
NDLS
-7.5%
-14.6%
AXSM
More free cash flow
NDLS
NDLS
$15.9M more FCF
NDLS
$-2.8M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AXSM
AXSM
NDLS
NDLS
Revenue
$196.0M
$122.1M
Net Profit
$-28.6M
$-9.2M
Gross Margin
Operating Margin
-13.8%
-5.2%
Net Margin
-14.6%
-7.5%
Revenue YoY
65.0%
-4.1%
Net Profit YoY
61.9%
32.8%
EPS (diluted)
$-0.55
$-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
AXSM
AXSM
NDLS
NDLS
Q4 25
$196.0M
Q3 25
$171.0M
$122.1M
Q2 25
$150.0M
$123.8M
Q1 25
$121.5M
Q4 24
$118.8M
$122.8M
Q3 24
$104.8M
$127.4M
Q2 24
$87.2M
$121.4M
Q1 24
$75.0M
$124.3M
Net Profit
AXSM
AXSM
NDLS
NDLS
Q4 25
$-28.6M
Q3 25
$-47.2M
$-9.2M
Q2 25
$-48.0M
$-9.1M
Q1 25
$-59.4M
Q4 24
$-74.9M
$-6.8M
Q3 24
$-64.6M
$-13.6M
Q2 24
$-79.3M
$-6.1M
Q1 24
$-68.4M
$-6.1M
Operating Margin
AXSM
AXSM
NDLS
NDLS
Q4 25
-13.8%
Q3 25
-27.0%
-5.2%
Q2 25
-24.5%
-5.2%
Q1 25
-46.9%
Q4 24
-61.1%
-3.9%
Q3 24
-59.8%
-9.0%
Q2 24
-89.5%
-3.4%
Q1 24
-89.7%
-3.7%
Net Margin
AXSM
AXSM
NDLS
NDLS
Q4 25
-14.6%
Q3 25
-27.6%
-7.5%
Q2 25
-32.0%
-7.3%
Q1 25
-48.9%
Q4 24
-63.1%
-5.5%
Q3 24
-61.7%
-10.7%
Q2 24
-91.0%
-5.1%
Q1 24
-91.1%
-4.9%
EPS (diluted)
AXSM
AXSM
NDLS
NDLS
Q4 25
$-0.55
Q3 25
$-0.94
$-0.20
Q2 25
$-0.97
$-0.20
Q1 25
$-1.22
Q4 24
$-1.54
$-0.15
Q3 24
$-1.34
$-0.30
Q2 24
$-1.67
$-0.14
Q1 24
$-1.44
$-1.64

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$322.9M
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$-38.9M
Total Assets
$689.8M
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
NDLS
NDLS
Q4 25
$322.9M
Q3 25
$325.3M
$4.7M
Q2 25
$303.0M
$1.4M
Q1 25
$300.9M
Q4 24
$315.4M
$3.3M
Q3 24
$327.3M
$1.8M
Q2 24
$315.7M
$1.3M
Q1 24
$331.4M
$3.0M
Stockholders' Equity
AXSM
AXSM
NDLS
NDLS
Q4 25
$88.3M
Q3 25
$73.7M
$-38.9M
Q2 25
$73.1M
$-13.9M
Q1 25
$53.2M
Q4 24
$57.0M
$3.7M
Q3 24
$92.9M
$9.6M
Q2 24
$102.9M
$21.9M
Q1 24
$144.0M
$27.2M
Total Assets
AXSM
AXSM
NDLS
NDLS
Q4 25
$689.8M
Q3 25
$669.3M
$280.6M
Q2 25
$639.8M
$319.4M
Q1 25
$596.7M
Q4 24
$568.5M
$340.5M
Q3 24
$561.5M
$346.3M
Q2 24
$548.2M
$360.4M
Q1 24
$545.7M
$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
AXSM
AXSM
NDLS
NDLS
Operating Cash FlowLast quarter
$-18.7M
$4.3M
Free Cash FlowOCF − Capex
$-18.7M
$-2.8M
FCF MarginFCF / Revenue
-9.6%
-2.3%
Capex IntensityCapex / Revenue
0.0%
5.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
NDLS
NDLS
Q4 25
$-18.7M
Q3 25
$1.0M
$4.3M
Q2 25
$-32.4M
$4.0M
Q1 25
$-43.4M
Q4 24
$-26.2M
$5.8M
Q3 24
$-18.6M
$4.7M
Q2 24
$-30.1M
$7.0M
Q1 24
$-53.5M
$164.0K
Free Cash Flow
AXSM
AXSM
NDLS
NDLS
Q4 25
$-18.7M
Q3 25
$988.0K
$-2.8M
Q2 25
$-32.4M
$1.1M
Q1 25
$-43.7M
Q4 24
$-26.2M
$-1.3M
Q3 24
$-18.7M
$-4.5M
Q2 24
$-30.2M
$-1.6M
Q1 24
$-53.6M
$-15.2M
FCF Margin
AXSM
AXSM
NDLS
NDLS
Q4 25
-9.6%
Q3 25
0.6%
-2.3%
Q2 25
-21.6%
0.9%
Q1 25
-36.0%
Q4 24
-22.1%
-1.1%
Q3 24
-17.9%
-3.5%
Q2 24
-34.6%
-1.4%
Q1 24
-71.4%
-12.2%
Capex Intensity
AXSM
AXSM
NDLS
NDLS
Q4 25
0.0%
Q3 25
0.0%
5.8%
Q2 25
0.0%
2.4%
Q1 25
0.3%
Q4 24
0.0%
5.8%
Q3 24
0.1%
7.2%
Q2 24
0.1%
7.1%
Q1 24
0.1%
12.3%

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

NDLS
NDLS

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

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