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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
COHEN & STEERS, INC. is the larger business by last-quarter revenue ($143.8M vs $122.1M, roughly 1.2× NOODLES & Co). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs -7.5%, a 31.8% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% vs -4.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs -1.2%).
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
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.
CNS vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.8M | $122.1M |
| Net Profit | $34.9M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 28.0% | -5.2% |
| Net Margin | 24.3% | -7.5% |
| Revenue YoY | 2.9% | -4.1% |
| Net Profit YoY | -23.9% | 32.8% |
| EPS (diluted) | $0.67 | $-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 | $143.8M | — | ||
| Q3 25 | $141.7M | $122.1M | ||
| Q2 25 | $136.1M | $123.8M | ||
| Q1 25 | $134.5M | — | ||
| Q4 24 | $139.8M | $122.8M | ||
| Q3 24 | $133.2M | $127.4M | ||
| Q2 24 | $121.7M | $121.4M | ||
| Q1 24 | $122.7M | $124.3M |
| Q4 25 | $34.9M | — | ||
| Q3 25 | $41.7M | $-9.2M | ||
| Q2 25 | $36.8M | $-9.1M | ||
| Q1 25 | $39.8M | — | ||
| Q4 24 | $45.8M | $-6.8M | ||
| Q3 24 | $39.7M | $-13.6M | ||
| Q2 24 | $31.8M | $-6.1M | ||
| Q1 24 | $34.0M | $-6.1M |
| Q4 25 | 28.0% | — | ||
| Q3 25 | 34.5% | -5.2% | ||
| Q2 25 | 31.8% | -5.2% | ||
| Q1 25 | 33.6% | — | ||
| Q4 24 | 35.3% | -3.9% | ||
| Q3 24 | 33.7% | -9.0% | ||
| Q2 24 | 31.5% | -3.4% | ||
| Q1 24 | 32.8% | -3.7% |
| Q4 25 | 24.3% | — | ||
| Q3 25 | 29.4% | -7.5% | ||
| Q2 25 | 27.1% | -7.3% | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 32.8% | -5.5% | ||
| Q3 24 | 29.8% | -10.7% | ||
| Q2 24 | 26.1% | -5.1% | ||
| Q1 24 | 27.7% | -4.9% |
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.81 | $-0.20 | ||
| Q2 25 | $0.72 | $-0.20 | ||
| Q1 25 | $0.77 | — | ||
| Q4 24 | $0.89 | $-0.15 | ||
| Q3 24 | $0.77 | $-0.30 | ||
| Q2 24 | $0.63 | $-0.14 | ||
| Q1 24 | $0.68 | $-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 | $145.5M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $562.0M | $-38.9M |
| Total Assets | $876.7M | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | — | ||
| Q3 25 | $98.1M | $4.7M | ||
| Q2 25 | $95.4M | $1.4M | ||
| Q1 25 | $65.2M | — | ||
| Q4 24 | $183.0M | $3.3M | ||
| Q3 24 | $106.5M | $1.8M | ||
| Q2 24 | $122.0M | $1.3M | ||
| Q1 24 | $99.5M | $3.0M |
| Q4 25 | $562.0M | — | ||
| Q3 25 | $550.3M | $-38.9M | ||
| Q2 25 | $528.5M | $-13.9M | ||
| Q1 25 | $507.7M | — | ||
| Q4 24 | $511.7M | $3.7M | ||
| Q3 24 | $491.0M | $9.6M | ||
| Q2 24 | $463.2M | $21.9M | ||
| Q1 24 | $378.9M | $27.2M |
| Q4 25 | $876.7M | — | ||
| Q3 25 | $801.6M | $280.6M | ||
| Q2 25 | $751.0M | $319.4M | ||
| Q1 25 | $834.9M | — | ||
| Q4 24 | $812.4M | $340.5M | ||
| Q3 24 | $727.8M | $346.3M | ||
| Q2 24 | $784.1M | $360.4M | ||
| Q1 24 | $680.7M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-120.4M | $4.3M |
| Free Cash FlowOCF − Capex | $-126.4M | $-2.8M |
| FCF MarginFCF / Revenue | -87.9% | -2.3% |
| Capex IntensityCapex / Revenue | 4.2% | 5.8% |
| Cash ConversionOCF / Net Profit | -3.45× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-253.6M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-120.4M | — | ||
| Q3 25 | $55.1M | $4.3M | ||
| Q2 25 | $-67.6M | $4.0M | ||
| Q1 25 | $-108.9M | — | ||
| Q4 24 | $96.7M | $5.8M | ||
| Q3 24 | $25.6M | $4.7M | ||
| Q2 24 | $31.4M | $7.0M | ||
| Q1 24 | $4.9M | $164.0K |
| Q4 25 | $-126.4M | — | ||
| Q3 25 | $52.6M | $-2.8M | ||
| Q2 25 | $-69.8M | $1.1M | ||
| Q1 25 | $-110.0M | — | ||
| Q4 24 | $85.0M | $-1.3M | ||
| Q3 24 | $24.2M | $-4.5M | ||
| Q2 24 | $27.1M | $-1.6M | ||
| Q1 24 | $537.0K | $-15.2M |
| Q4 25 | -87.9% | — | ||
| Q3 25 | 37.1% | -2.3% | ||
| Q2 25 | -51.3% | 0.9% | ||
| Q1 25 | -81.8% | — | ||
| Q4 24 | 60.8% | -1.1% | ||
| Q3 24 | 18.2% | -3.5% | ||
| Q2 24 | 22.3% | -1.4% | ||
| Q1 24 | 0.4% | -12.2% |
| Q4 25 | 4.2% | — | ||
| Q3 25 | 1.8% | 5.8% | ||
| Q2 25 | 1.6% | 2.4% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 8.3% | 5.8% | ||
| Q3 24 | 1.1% | 7.2% | ||
| Q2 24 | 3.5% | 7.1% | ||
| Q1 24 | 3.5% | 12.3% |
| Q4 25 | -3.45× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | -1.84× | — | ||
| Q1 25 | -2.74× | — | ||
| Q4 24 | 2.11× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | 0.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNS
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
