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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) 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 $83.2M, roughly 1.5× BrightSpire Capital, Inc.). NOODLES & Co runs the higher net margin — -7.5% vs -17.3%, a 9.8% gap on every dollar of revenue. On growth, BrightSpire Capital, Inc. posted the faster year-over-year revenue change (-0.4% vs -4.1%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
BRSP vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $122.1M |
| Net Profit | $-14.4M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | — | -5.2% |
| Net Margin | -17.3% | -7.5% |
| Revenue YoY | -0.4% | -4.1% |
| Net Profit YoY | 27.3% | 32.8% |
| EPS (diluted) | $-0.11 | $-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 | $83.2M | — | ||
| Q3 25 | $83.9M | $122.1M | ||
| Q2 25 | $85.9M | $123.8M | ||
| Q1 25 | $77.6M | — | ||
| Q4 24 | $83.5M | $122.8M | ||
| Q3 24 | $88.2M | $127.4M | ||
| Q2 24 | $91.4M | $121.4M | ||
| Q1 24 | $95.8M | $124.3M |
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $984.0K | $-9.2M | ||
| Q2 25 | $-23.1M | $-9.1M | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $-19.7M | $-6.8M | ||
| Q3 24 | $12.7M | $-13.6M | ||
| Q2 24 | $-67.9M | $-6.1M | ||
| Q1 24 | $-57.1M | $-6.1M |
| Q4 25 | — | — | ||
| Q3 25 | -1.7% | -5.2% | ||
| Q2 25 | -54.5% | -5.2% | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -24.9% | -3.9% | ||
| Q3 24 | 13.2% | -9.0% | ||
| Q2 24 | -74.9% | -3.4% | ||
| Q1 24 | -59.4% | -3.7% |
| Q4 25 | -17.3% | — | ||
| Q3 25 | 1.2% | -7.5% | ||
| Q2 25 | -26.9% | -7.3% | ||
| Q1 25 | 6.9% | — | ||
| Q4 24 | -23.7% | -5.5% | ||
| Q3 24 | 14.4% | -10.7% | ||
| Q2 24 | -74.2% | -5.1% | ||
| Q1 24 | -59.6% | -4.9% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $0.00 | $-0.20 | ||
| Q2 25 | $-0.19 | $-0.20 | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $-0.16 | $-0.15 | ||
| Q3 24 | $0.09 | $-0.30 | ||
| Q2 24 | $-0.53 | $-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 | $66.8M | $4.7M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $938.4M | $-38.9M |
| Total Assets | $3.6B | $280.6M |
| Debt / EquityLower = less leverage | 2.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.8M | — | ||
| Q3 25 | $113.4M | $4.7M | ||
| Q2 25 | $154.3M | $1.4M | ||
| Q1 25 | $200.9M | — | ||
| Q4 24 | $302.2M | $3.3M | ||
| Q3 24 | $263.8M | $1.8M | ||
| Q2 24 | $203.3M | $1.3M | ||
| Q1 24 | $221.5M | $3.0M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.6B | — |
| Q4 25 | $938.4M | — | ||
| Q3 25 | $976.4M | $-38.9M | ||
| Q2 25 | $994.4M | $-13.9M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $3.7M | ||
| Q3 24 | $1.1B | $9.6M | ||
| Q2 24 | $1.1B | $21.9M | ||
| Q1 24 | $1.2B | $27.2M |
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.3B | $280.6M | ||
| Q2 25 | $3.4B | $319.4M | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.7B | $340.5M | ||
| Q3 24 | $3.8B | $346.3M | ||
| Q2 24 | $3.8B | $360.4M | ||
| Q1 24 | $3.9B | $368.1M |
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 2.28× | — | ||
| Q1 24 | 2.17× | — |
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 | $73.0M | $4.3M |
| Free Cash FlowOCF − Capex | $55.1M | $-2.8M |
| FCF MarginFCF / Revenue | 66.2% | -2.3% |
| Capex IntensityCapex / Revenue | 21.6% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.0M | — | ||
| Q3 25 | $29.9M | $4.3M | ||
| Q2 25 | $17.4M | $4.0M | ||
| Q1 25 | $10.5M | — | ||
| Q4 24 | $103.4M | $5.8M | ||
| Q3 24 | $31.3M | $4.7M | ||
| Q2 24 | $22.9M | $7.0M | ||
| Q1 24 | $24.6M | $164.0K |
| Q4 25 | $55.1M | — | ||
| Q3 25 | $27.4M | $-2.8M | ||
| Q2 25 | $11.6M | $1.1M | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $97.3M | $-1.3M | ||
| Q3 24 | $28.3M | $-4.5M | ||
| Q2 24 | $22.7M | $-1.6M | ||
| Q1 24 | $22.2M | $-15.2M |
| Q4 25 | 66.2% | — | ||
| Q3 25 | 32.7% | -2.3% | ||
| Q2 25 | 13.4% | 0.9% | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 116.6% | -1.1% | ||
| Q3 24 | 32.1% | -3.5% | ||
| Q2 24 | 24.9% | -1.4% | ||
| Q1 24 | 23.2% | -12.2% |
| Q4 25 | 21.6% | — | ||
| Q3 25 | 2.9% | 5.8% | ||
| Q2 25 | 6.8% | 2.4% | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 7.3% | 5.8% | ||
| Q3 24 | 3.4% | 7.2% | ||
| Q2 24 | 0.1% | 7.1% | ||
| Q1 24 | 2.5% | 12.3% |
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSP
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
