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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) 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 $86.5M, roughly 1.4× Burke & Herbert Financial Services Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -7.5%, a 42.4% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs -4.1%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $-2.8M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -1.2%).
Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.
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.
BHRB vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.5M | $122.1M |
| Net Profit | $30.2M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 43.8% | -5.2% |
| Net Margin | 34.9% | -7.5% |
| Revenue YoY | 4.9% | -4.1% |
| Net Profit YoY | 52.8% | 32.8% |
| EPS (diluted) | $1.98 | $-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 | $86.5M | — | ||
| Q3 25 | $85.4M | $122.1M | ||
| Q2 25 | $87.1M | $123.8M | ||
| Q1 25 | $83.0M | — | ||
| Q4 24 | $82.5M | $122.8M | ||
| Q3 24 | $83.8M | $127.4M | ||
| Q2 24 | $69.3M | $121.4M | ||
| Q1 24 | $26.4M | $124.3M |
| Q4 25 | $30.2M | — | ||
| Q3 25 | $30.0M | $-9.2M | ||
| Q2 25 | $29.9M | $-9.1M | ||
| Q1 25 | $27.2M | — | ||
| Q4 24 | $19.8M | $-6.8M | ||
| Q3 24 | $27.6M | $-13.6M | ||
| Q2 24 | $-16.9M | $-6.1M | ||
| Q1 24 | $5.2M | $-6.1M |
| Q4 25 | 43.8% | — | ||
| Q3 25 | 43.3% | -5.2% | ||
| Q2 25 | 42.7% | -5.2% | ||
| Q1 25 | 39.6% | — | ||
| Q4 24 | 24.6% | -3.9% | ||
| Q3 24 | 39.2% | -9.0% | ||
| Q2 24 | -27.5% | -3.4% | ||
| Q1 24 | 22.3% | -3.7% |
| Q4 25 | 34.9% | — | ||
| Q3 25 | 35.1% | -7.5% | ||
| Q2 25 | 34.3% | -7.3% | ||
| Q1 25 | 32.8% | — | ||
| Q4 24 | 24.0% | -5.5% | ||
| Q3 24 | 33.0% | -10.7% | ||
| Q2 24 | -24.4% | -5.1% | ||
| Q1 24 | 19.8% | -4.9% |
| Q4 25 | $1.98 | — | ||
| Q3 25 | $1.97 | $-0.20 | ||
| Q2 25 | $1.97 | $-0.20 | ||
| Q1 25 | $1.80 | — | ||
| Q4 24 | $1.72 | $-0.15 | ||
| Q3 24 | $1.82 | $-0.30 | ||
| Q2 24 | $-1.41 | $-0.14 | ||
| Q1 24 | $0.69 | $-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 | — | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $854.6M | $-38.9M |
| Total Assets | $7.9B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $1.8M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $854.6M | — | ||
| Q3 25 | $822.2M | $-38.9M | ||
| Q2 25 | $780.0M | $-13.9M | ||
| Q1 25 | $758.0M | — | ||
| Q4 24 | $730.2M | $3.7M | ||
| Q3 24 | $738.1M | $9.6M | ||
| Q2 24 | $693.1M | $21.9M | ||
| Q1 24 | $319.3M | $27.2M |
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.9B | $280.6M | ||
| Q2 25 | $8.1B | $319.4M | ||
| Q1 25 | $7.8B | — | ||
| Q4 24 | $7.8B | $340.5M | ||
| Q3 24 | $7.9B | $346.3M | ||
| Q2 24 | $7.8B | $360.4M | ||
| Q1 24 | $3.7B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $107.9M | $4.3M |
| Free Cash FlowOCF − Capex | $96.2M | $-2.8M |
| FCF MarginFCF / Revenue | 111.2% | -2.3% |
| Capex IntensityCapex / Revenue | 13.5% | 5.8% |
| Cash ConversionOCF / Net Profit | 3.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $164.1M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.9M | — | ||
| Q3 25 | $39.3M | $4.3M | ||
| Q2 25 | $41.0K | $4.0M | ||
| Q1 25 | $37.6M | — | ||
| Q4 24 | $85.8M | $5.8M | ||
| Q3 24 | $47.8M | $4.7M | ||
| Q2 24 | $-46.0M | $7.0M | ||
| Q1 24 | $7.1M | $164.0K |
| Q4 25 | $96.2M | — | ||
| Q3 25 | $35.4M | $-2.8M | ||
| Q2 25 | $-3.4M | $1.1M | ||
| Q1 25 | $35.9M | — | ||
| Q4 24 | $81.2M | $-1.3M | ||
| Q3 24 | $46.0M | $-4.5M | ||
| Q2 24 | $-47.0M | $-1.6M | ||
| Q1 24 | $5.6M | $-15.2M |
| Q4 25 | 111.2% | — | ||
| Q3 25 | 41.5% | -2.3% | ||
| Q2 25 | -3.9% | 0.9% | ||
| Q1 25 | 43.2% | — | ||
| Q4 24 | 98.5% | -1.1% | ||
| Q3 24 | 55.0% | -3.5% | ||
| Q2 24 | -67.8% | -1.4% | ||
| Q1 24 | 21.2% | -12.2% |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 4.5% | 5.8% | ||
| Q2 25 | 3.9% | 2.4% | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 5.5% | 5.8% | ||
| Q3 24 | 2.1% | 7.2% | ||
| Q2 24 | 1.5% | 7.1% | ||
| Q1 24 | 5.7% | 12.3% |
| Q4 25 | 3.57× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 4.33× | — | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHRB
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
