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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) 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 $61.6M, roughly 2.0× BEYOND MEAT, INC.). On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -19.7%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-49.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -9.7%).
Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.
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.
BYND vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $122.1M |
| Net Profit | — | $-9.2M |
| Gross Margin | -11.5% | — |
| Operating Margin | -211.4% | -5.2% |
| Net Margin | — | -7.5% |
| Revenue YoY | -19.7% | -4.1% |
| Net Profit YoY | — | 32.8% |
| EPS (diluted) | $0.68 | $-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 | $61.6M | — | ||
| Q3 25 | $70.2M | $122.1M | ||
| Q2 25 | $75.0M | $123.8M | ||
| Q1 25 | $68.7M | — | ||
| Q4 24 | $76.7M | $122.8M | ||
| Q3 24 | $81.0M | $127.4M | ||
| Q2 24 | $93.2M | $121.4M | ||
| Q1 24 | $75.6M | $124.3M |
| Q4 25 | — | — | ||
| Q3 25 | $-110.7M | $-9.2M | ||
| Q2 25 | $-29.2M | $-9.1M | ||
| Q1 25 | $-52.9M | — | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $-26.6M | $-13.6M | ||
| Q2 24 | $-34.5M | $-6.1M | ||
| Q1 24 | $-54.4M | $-6.1M |
| Q4 25 | -11.5% | — | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 14.7% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | -211.4% | — | ||
| Q3 25 | -160.0% | -5.2% | ||
| Q2 25 | -46.6% | -5.2% | ||
| Q1 25 | -81.8% | — | ||
| Q4 24 | -49.3% | -3.9% | ||
| Q3 24 | -38.2% | -9.0% | ||
| Q2 24 | -36.4% | -3.4% | ||
| Q1 24 | -70.7% | -3.7% |
| Q4 25 | — | — | ||
| Q3 25 | -157.6% | -7.5% | ||
| Q2 25 | -39.0% | -7.3% | ||
| Q1 25 | -77.0% | — | ||
| Q4 24 | — | -5.5% | ||
| Q3 24 | -32.8% | -10.7% | ||
| Q2 24 | -37.0% | -5.1% | ||
| Q1 24 | -71.9% | -4.9% |
| Q4 25 | $0.68 | — | ||
| Q3 25 | $-1.44 | $-0.20 | ||
| Q2 25 | $-0.38 | $-0.20 | ||
| Q1 25 | $-0.69 | — | ||
| Q4 24 | $-0.65 | $-0.15 | ||
| Q3 24 | $-0.41 | $-0.30 | ||
| Q2 24 | $-0.53 | $-0.14 | ||
| Q1 24 | $-0.84 | $-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 | $203.9M | $4.7M |
| Total DebtLower is stronger | $415.7M | — |
| Stockholders' EquityBook value | $-997.0K | $-38.9M |
| Total Assets | $614.7M | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.9M | — | ||
| Q3 25 | $117.3M | $4.7M | ||
| Q2 25 | $103.5M | $1.4M | ||
| Q1 25 | $102.1M | — | ||
| Q4 24 | $131.9M | $3.3M | ||
| Q3 24 | $121.7M | $1.8M | ||
| Q2 24 | $144.9M | $1.3M | ||
| Q1 24 | $157.9M | $3.0M |
| Q4 25 | $415.7M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $-997.0K | — | ||
| Q3 25 | $-784.1M | $-38.9M | ||
| Q2 25 | $-677.0M | $-13.9M | ||
| Q1 25 | $-649.5M | — | ||
| Q4 24 | $-601.2M | $3.7M | ||
| Q3 24 | $-611.9M | $9.6M | ||
| Q2 24 | $-590.0M | $21.9M | ||
| Q1 24 | $-561.4M | $27.2M |
| Q4 25 | $614.7M | — | ||
| Q3 25 | $599.7M | $280.6M | ||
| Q2 25 | $691.7M | $319.4M | ||
| Q1 25 | $643.8M | — | ||
| Q4 24 | $678.1M | $340.5M | ||
| Q3 24 | $692.9M | $346.3M | ||
| Q2 24 | $711.2M | $360.4M | ||
| Q1 24 | $735.0M | $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 | $-46.8M | $4.3M |
| Free Cash FlowOCF − Capex | $-49.8M | $-2.8M |
| FCF MarginFCF / Revenue | -80.8% | -2.3% |
| Capex IntensityCapex / Revenue | 4.8% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.8M | — | ||
| Q3 25 | $-38.8M | $4.3M | ||
| Q2 25 | $-33.2M | $4.0M | ||
| Q1 25 | $-26.1M | — | ||
| Q4 24 | $-29.0M | $5.8M | ||
| Q3 24 | $-22.0M | $4.7M | ||
| Q2 24 | $-16.0M | $7.0M | ||
| Q1 24 | $-31.8M | $164.0K |
| Q4 25 | $-49.8M | — | ||
| Q3 25 | $-41.7M | $-2.8M | ||
| Q2 25 | $-35.1M | $1.1M | ||
| Q1 25 | $-30.6M | — | ||
| Q4 24 | $-35.4M | $-1.3M | ||
| Q3 24 | $-24.1M | $-4.5M | ||
| Q2 24 | $-17.3M | $-1.6M | ||
| Q1 24 | $-33.0M | $-15.2M |
| Q4 25 | -80.8% | — | ||
| Q3 25 | -59.4% | -2.3% | ||
| Q2 25 | -46.9% | 0.9% | ||
| Q1 25 | -44.6% | — | ||
| Q4 24 | -46.2% | -1.1% | ||
| Q3 24 | -29.7% | -3.5% | ||
| Q2 24 | -18.6% | -1.4% | ||
| Q1 24 | -43.7% | -12.2% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.1% | 5.8% | ||
| Q2 25 | 2.6% | 2.4% | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 8.4% | 5.8% | ||
| Q3 24 | 2.5% | 7.2% | ||
| Q2 24 | 1.4% | 7.1% | ||
| Q1 24 | 1.6% | 12.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYND
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
