vs
Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) 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 $75.1M, roughly 1.6× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -7.5%, a 16.1% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -4.1%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -1.2%).
Saul Centers, Inc. is a self-administered real estate investment trust (REIT) headquartered in the United States. It primarily owns, operates, and develops high-quality shopping centers, mixed-use properties, and multifamily residential assets, with its core portfolio concentrated in the Washington D.C. metropolitan area and other select high-growth U.S. regional markets.
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.
BFS vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $122.1M |
| Net Profit | $6.5M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | -5.2% |
| Net Margin | 8.7% | -7.5% |
| Revenue YoY | 10.6% | -4.1% |
| Net Profit YoY | -19.6% | 32.8% |
| EPS (diluted) | $0.15 | $-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 | $75.1M | — | ||
| Q3 25 | $72.0M | $122.1M | ||
| Q2 25 | $70.8M | $123.8M | ||
| Q1 25 | $71.9M | — | ||
| Q4 24 | $67.9M | $122.8M | ||
| Q3 24 | $67.3M | $127.4M | ||
| Q2 24 | $66.9M | $121.4M | ||
| Q1 24 | $66.7M | $124.3M |
| Q4 25 | $6.5M | — | ||
| Q3 25 | $10.5M | $-9.2M | ||
| Q2 25 | $10.7M | $-9.1M | ||
| Q1 25 | $9.8M | — | ||
| Q4 24 | $8.1M | $-6.8M | ||
| Q3 24 | $14.5M | $-13.6M | ||
| Q2 24 | $14.4M | $-6.1M | ||
| Q1 24 | $13.6M | $-6.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 73.6% | — | ||
| Q2 24 | 74.2% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | 65.4% | — | ||
| Q3 25 | 69.1% | -5.2% | ||
| Q2 25 | 68.7% | -5.2% | ||
| Q1 25 | 66.5% | — | ||
| Q4 24 | 82.9% | -3.9% | ||
| Q3 24 | 72.8% | -9.0% | ||
| Q2 24 | 75.0% | -3.4% | ||
| Q1 24 | 72.4% | -3.7% |
| Q4 25 | 8.7% | — | ||
| Q3 25 | 14.6% | -7.5% | ||
| Q2 25 | 15.1% | -7.3% | ||
| Q1 25 | 13.6% | — | ||
| Q4 24 | 11.9% | -5.5% | ||
| Q3 24 | 21.5% | -10.7% | ||
| Q2 24 | 21.6% | -5.1% | ||
| Q1 24 | 20.4% | -4.9% |
| Q4 25 | $0.15 | — | ||
| Q3 25 | $0.32 | $-0.20 | ||
| Q2 25 | $0.33 | $-0.20 | ||
| Q1 25 | $0.29 | — | ||
| Q4 24 | $0.22 | $-0.15 | ||
| Q3 24 | $0.48 | $-0.30 | ||
| Q2 24 | $0.48 | $-0.14 | ||
| Q1 24 | $0.45 | $-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 | $8.7M | $4.7M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $-38.9M |
| Total Assets | $2.2B | $280.6M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | — | ||
| Q3 25 | $11.8M | $4.7M | ||
| Q2 25 | $5.3M | $1.4M | ||
| Q1 25 | $6.5M | — | ||
| Q4 24 | $10.3M | $3.3M | ||
| Q3 24 | $7.2M | $1.8M | ||
| Q2 24 | $6.9M | $1.3M | ||
| Q1 24 | $7.1M | $3.0M |
| Q4 25 | $468.4M | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | — | ||
| Q3 25 | $316.6M | $-38.9M | ||
| Q2 25 | $322.4M | $-13.9M | ||
| Q1 25 | $328.4M | — | ||
| Q4 24 | $335.8M | $3.7M | ||
| Q3 24 | $341.8M | $9.6M | ||
| Q2 24 | $345.7M | $21.9M | ||
| Q1 24 | $347.1M | $27.2M |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $280.6M | ||
| Q2 25 | $2.1B | $319.4M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $340.5M | ||
| Q3 24 | $2.1B | $346.3M | ||
| Q2 24 | $2.1B | $360.4M | ||
| Q1 24 | $2.0B | $368.1M |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 5.02× | — | ||
| Q2 25 | 4.85× | — | ||
| Q1 25 | 4.70× | — | ||
| Q4 24 | 1.36× | — | ||
| Q3 24 | 4.37× | — | ||
| Q2 24 | 4.17× | — | ||
| Q1 24 | 4.06× | — |
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 | $99.8M | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | — | ||
| Q3 25 | $20.6M | $4.3M | ||
| Q2 25 | $26.6M | $4.0M | ||
| Q1 25 | $30.4M | — | ||
| Q4 24 | $121.2M | $5.8M | ||
| Q3 24 | $26.5M | $4.7M | ||
| Q2 24 | $32.1M | $7.0M | ||
| Q1 24 | $33.8M | $164.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $-28.3M | $-4.5M | ||
| Q2 24 | $-12.5M | $-1.6M | ||
| Q1 24 | $-11.7M | $-15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | -42.1% | -3.5% | ||
| Q2 24 | -18.7% | -1.4% | ||
| Q1 24 | -17.6% | -12.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 81.5% | 7.2% | ||
| Q2 24 | 66.7% | 7.1% | ||
| Q1 24 | 68.3% | 12.3% |
| Q4 25 | 15.35× | — | ||
| Q3 25 | 1.97× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 3.10× | — | ||
| Q4 24 | 14.98× | — | ||
| Q3 24 | 1.83× | — | ||
| Q2 24 | 2.22× | — | ||
| Q1 24 | 2.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
