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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $122.1M, roughly 1.9× NOODLES & Co). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -7.5%, a 11.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -4.1%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-2.8M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -1.2%).
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.
CSW vs NDLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $122.1M |
| Net Profit | $10.3M | $-9.2M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | -5.2% |
| Net Margin | 4.4% | -7.5% |
| Revenue YoY | 20.3% | -4.1% |
| Net Profit YoY | -61.9% | 32.8% |
| EPS (diluted) | $0.62 | $-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 | $233.0M | — | ||
| Q3 25 | $277.0M | $122.1M | ||
| Q2 25 | $263.6M | $123.8M | ||
| Q1 25 | $230.5M | — | ||
| Q4 24 | $193.6M | $122.8M | ||
| Q3 24 | $227.9M | $127.4M | ||
| Q2 24 | $226.2M | $121.4M | ||
| Q1 24 | $210.9M | $124.3M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $-9.2M | ||
| Q2 25 | $40.9M | $-9.1M | ||
| Q1 25 | $35.1M | — | ||
| Q4 24 | $26.9M | $-6.8M | ||
| Q3 24 | $36.1M | $-13.6M | ||
| Q2 24 | $38.6M | $-6.1M | ||
| Q1 24 | $31.8M | $-6.1M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | -5.2% | ||
| Q2 25 | 20.8% | -5.2% | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 15.3% | -3.9% | ||
| Q3 24 | 22.6% | -9.0% | ||
| Q2 24 | 24.3% | -3.4% | ||
| Q1 24 | 21.0% | -3.7% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | -7.5% | ||
| Q2 25 | 15.5% | -7.3% | ||
| Q1 25 | 15.2% | — | ||
| Q4 24 | 13.9% | -5.5% | ||
| Q3 24 | 15.8% | -10.7% | ||
| Q2 24 | 17.1% | -5.1% | ||
| Q1 24 | 15.1% | -4.9% |
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $-0.20 | ||
| Q2 25 | $2.43 | $-0.20 | ||
| Q1 25 | $2.05 | — | ||
| Q4 24 | $1.60 | $-0.15 | ||
| Q3 24 | $2.26 | $-0.30 | ||
| Q2 24 | $2.47 | $-0.14 | ||
| Q1 24 | $2.03 | $-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 | $40.2M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $-38.9M |
| Total Assets | $2.3B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $4.7M | ||
| Q2 25 | $38.0M | $1.4M | ||
| Q1 25 | $225.8M | — | ||
| Q4 24 | $213.8M | $3.3M | ||
| Q3 24 | $273.2M | $1.8M | ||
| Q2 24 | $18.9M | $1.3M | ||
| Q1 24 | $22.2M | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $-38.9M | ||
| Q2 25 | $1.1B | $-13.9M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | $3.7M | ||
| Q3 24 | $1.0B | $9.6M | ||
| Q2 24 | $650.2M | $21.9M | ||
| Q1 24 | $615.7M | $27.2M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $280.6M | ||
| Q2 25 | $1.5B | $319.4M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $340.5M | ||
| Q3 24 | $1.4B | $346.3M | ||
| Q2 24 | $1.1B | $360.4M | ||
| Q1 24 | $1.0B | $368.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | $4.3M |
| Free Cash FlowOCF − Capex | $22.7M | $-2.8M |
| FCF MarginFCF / Revenue | 9.8% | -2.3% |
| Capex IntensityCapex / Revenue | 2.6% | 5.8% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $4.3M | ||
| Q2 25 | $60.6M | $4.0M | ||
| Q1 25 | $27.3M | — | ||
| Q4 24 | $11.6M | $5.8M | ||
| Q3 24 | $66.8M | $4.7M | ||
| Q2 24 | $62.7M | $7.0M | ||
| Q1 24 | $22.4M | $164.0K |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $-2.8M | ||
| Q2 25 | $57.7M | $1.1M | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | $-1.3M | ||
| Q3 24 | $61.3M | $-4.5M | ||
| Q2 24 | $59.6M | $-1.6M | ||
| Q1 24 | $17.5M | $-15.2M |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | -2.3% | ||
| Q2 25 | 21.9% | 0.9% | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | -1.1% | ||
| Q3 24 | 26.9% | -3.5% | ||
| Q2 24 | 26.3% | -1.4% | ||
| Q1 24 | 8.3% | -12.2% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 5.8% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | 5.8% | ||
| Q3 24 | 2.4% | 7.2% | ||
| Q2 24 | 1.4% | 7.1% | ||
| Q1 24 | 2.3% | 12.3% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
