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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
CRA INTERNATIONAL, INC. is the larger business by last-quarter revenue ($197.0M vs $122.1M, roughly 1.6× NOODLES & Co). CRA INTERNATIONAL, INC. runs the higher net margin — 6.7% vs -7.5%, a 14.2% gap on every dollar of revenue. On growth, CRA INTERNATIONAL, INC. posted the faster year-over-year revenue change (11.6% vs -4.1%). Over the past eight quarters, CRA INTERNATIONAL, INC.'s revenue compounded faster (7.1% CAGR vs -1.2%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
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.
CRAI vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $122.1M |
| Net Profit | $13.2M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 10.5% | -5.2% |
| Net Margin | 6.7% | -7.5% |
| Revenue YoY | 11.6% | -4.1% |
| Net Profit YoY | -12.0% | 32.8% |
| EPS (diluted) | $1.99 | $-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 | $197.0M | — | ||
| Q3 25 | $185.9M | $122.1M | ||
| Q2 25 | $186.9M | $123.8M | ||
| Q1 25 | $181.9M | — | ||
| Q4 24 | $176.4M | $122.8M | ||
| Q3 24 | $167.7M | $127.4M | ||
| Q2 24 | $171.4M | $121.4M | ||
| Q1 24 | $171.8M | $124.3M |
| Q4 25 | $13.2M | — | ||
| Q3 25 | $11.5M | $-9.2M | ||
| Q2 25 | $12.1M | $-9.1M | ||
| Q1 25 | $18.0M | — | ||
| Q4 24 | $15.0M | $-6.8M | ||
| Q3 24 | $11.4M | $-13.6M | ||
| Q2 24 | $6.5M | $-6.1M | ||
| Q1 24 | $13.7M | $-6.1M |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 9.3% | -5.2% | ||
| Q2 25 | 10.6% | -5.2% | ||
| Q1 25 | 14.0% | — | ||
| Q4 24 | 12.2% | -3.9% | ||
| Q3 24 | 11.0% | -9.0% | ||
| Q2 24 | 6.6% | -3.4% | ||
| Q1 24 | 11.4% | -3.7% |
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.2% | -7.5% | ||
| Q2 25 | 6.5% | -7.3% | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 8.5% | -5.5% | ||
| Q3 24 | 6.8% | -10.7% | ||
| Q2 24 | 3.8% | -5.1% | ||
| Q1 24 | 8.0% | -4.9% |
| Q4 25 | $1.99 | — | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.20 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.30 | ||
| Q2 24 | — | $-0.14 | ||
| Q1 24 | — | $-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 | $18.2M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $213.6M | $-38.9M |
| Total Assets | $628.9M | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | — | ||
| Q3 25 | $22.5M | $4.7M | ||
| Q2 25 | $19.4M | $1.4M | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $26.7M | $3.3M | ||
| Q3 24 | $24.5M | $1.8M | ||
| Q2 24 | $24.6M | $1.3M | ||
| Q1 24 | $37.1M | $3.0M |
| Q4 25 | $213.6M | — | ||
| Q3 25 | $201.7M | $-38.9M | ||
| Q2 25 | $197.0M | $-13.9M | ||
| Q1 25 | $227.3M | — | ||
| Q4 24 | $212.1M | $3.7M | ||
| Q3 24 | $204.5M | $9.6M | ||
| Q2 24 | $191.7M | $21.9M | ||
| Q1 24 | $211.8M | $27.2M |
| Q4 25 | $628.9M | — | ||
| Q3 25 | $629.0M | $280.6M | ||
| Q2 25 | $606.8M | $319.4M | ||
| Q1 25 | $590.4M | — | ||
| Q4 24 | $571.4M | $340.5M | ||
| Q3 24 | $582.3M | $346.3M | ||
| Q2 24 | $546.0M | $360.4M | ||
| Q1 24 | $552.5M | $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 | $22.4M | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | 1.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | — | ||
| Q3 25 | $36.5M | $4.3M | ||
| Q2 25 | $5.9M | $4.0M | ||
| Q1 25 | $-80.0M | — | ||
| Q4 24 | $79.4M | $5.8M | ||
| Q3 24 | $31.6M | $4.7M | ||
| Q2 24 | $1.8M | $7.0M | ||
| Q1 24 | $-63.1M | $164.0K |
| Q4 25 | — | — | ||
| Q3 25 | $35.9M | $-2.8M | ||
| Q2 25 | $4.7M | $1.1M | ||
| Q1 25 | $-81.0M | — | ||
| Q4 24 | $68.8M | $-1.3M | ||
| Q3 24 | $28.6M | $-4.5M | ||
| Q2 24 | $-509.0K | $-1.6M | ||
| Q1 24 | $-63.8M | $-15.2M |
| Q4 25 | — | — | ||
| Q3 25 | 19.3% | -2.3% | ||
| Q2 25 | 2.5% | 0.9% | ||
| Q1 25 | -44.5% | — | ||
| Q4 24 | 39.0% | -1.1% | ||
| Q3 24 | 17.0% | -3.5% | ||
| Q2 24 | -0.3% | -1.4% | ||
| Q1 24 | -37.1% | -12.2% |
| Q4 25 | — | — | ||
| Q3 25 | 0.3% | 5.8% | ||
| Q2 25 | 0.6% | 2.4% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 6.0% | 5.8% | ||
| Q3 24 | 1.8% | 7.2% | ||
| Q2 24 | 1.4% | 7.1% | ||
| Q1 24 | 0.4% | 12.3% |
| Q4 25 | 1.70× | — | ||
| Q3 25 | 3.19× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -4.44× | — | ||
| Q4 24 | 5.30× | — | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 0.28× | — | ||
| Q1 24 | -4.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRAI
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
