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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $122.1M, roughly 1.1× NOODLES & Co). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs -7.5%, a 90.0% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs -4.1%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs -1.2%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and 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.
CTRE vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $122.1M |
| Net Profit | $111.3M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | — | -5.2% |
| Net Margin | 82.5% | -7.5% |
| Revenue YoY | 55.1% | -4.1% |
| Net Profit YoY | 113.5% | 32.8% |
| EPS (diluted) | $0.52 | $-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 | $134.9M | — | ||
| Q3 25 | $132.4M | $122.1M | ||
| Q2 25 | $112.5M | $123.8M | ||
| Q1 25 | $96.6M | — | ||
| Q4 24 | $86.9M | $122.8M | ||
| Q3 24 | $77.4M | $127.4M | ||
| Q2 24 | $68.9M | $121.4M | ||
| Q1 24 | $63.1M | $124.3M |
| Q4 25 | $111.3M | — | ||
| Q3 25 | $74.9M | $-9.2M | ||
| Q2 25 | $68.5M | $-9.1M | ||
| Q1 25 | $65.8M | — | ||
| Q4 24 | $52.1M | $-6.8M | ||
| Q3 24 | $33.4M | $-13.6M | ||
| Q2 24 | $10.8M | $-6.1M | ||
| Q1 24 | $28.7M | $-6.1M |
| Q4 25 | — | — | ||
| Q3 25 | 58.1% | -5.2% | ||
| Q2 25 | 61.3% | -5.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | 43.0% | -9.0% | ||
| Q2 24 | 15.1% | -3.4% | ||
| Q1 24 | — | -3.7% |
| Q4 25 | 82.5% | — | ||
| Q3 25 | 56.6% | -7.5% | ||
| Q2 25 | 60.9% | -7.3% | ||
| Q1 25 | 68.1% | — | ||
| Q4 24 | 60.0% | -5.5% | ||
| Q3 24 | 43.2% | -10.7% | ||
| Q2 24 | 15.6% | -5.1% | ||
| Q1 24 | 45.6% | -4.9% |
| Q4 25 | $0.52 | — | ||
| Q3 25 | $0.35 | $-0.20 | ||
| Q2 25 | $0.35 | $-0.20 | ||
| Q1 25 | $0.35 | — | ||
| Q4 24 | $0.30 | $-0.15 | ||
| Q3 24 | $0.21 | $-0.30 | ||
| Q2 24 | $0.07 | $-0.14 | ||
| Q1 24 | $0.22 | $-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 | $198.0M | $4.7M |
| Total DebtLower is stronger | $894.2M | — |
| Stockholders' EquityBook value | $4.0B | $-38.9M |
| Total Assets | $5.1B | $280.6M |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | — | ||
| Q3 25 | $712.5M | $4.7M | ||
| Q2 25 | $306.1M | $1.4M | ||
| Q1 25 | $26.5M | — | ||
| Q4 24 | $213.8M | $3.3M | ||
| Q3 24 | $377.1M | $1.8M | ||
| Q2 24 | $495.1M | $1.3M | ||
| Q1 24 | $451.2M | $3.0M |
| Q4 25 | $894.2M | — | ||
| Q3 25 | $893.8M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $822.1M | — | ||
| Q4 24 | $396.9M | — | ||
| Q3 24 | $396.7M | — | ||
| Q2 24 | $671.1M | — | ||
| Q1 24 | $595.9M | — |
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $-38.9M | ||
| Q2 25 | $3.3B | $-13.9M | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | $3.7M | ||
| Q3 24 | $2.4B | $9.6M | ||
| Q2 24 | $1.9B | $21.9M | ||
| Q1 24 | $1.7B | $27.2M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | $280.6M | ||
| Q2 25 | $4.7B | $319.4M | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.4B | $340.5M | ||
| Q3 24 | $2.9B | $346.3M | ||
| Q2 24 | $2.7B | $360.4M | ||
| Q1 24 | $2.3B | $368.1M |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.36× | — |
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 | $394.0M | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | 3.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | — | ||
| Q3 25 | $100.9M | $4.3M | ||
| Q2 25 | $100.8M | $4.0M | ||
| Q1 25 | $71.4M | — | ||
| Q4 24 | $244.3M | $5.8M | ||
| Q3 24 | $67.2M | $4.7M | ||
| Q2 24 | $53.0M | $7.0M | ||
| Q1 24 | $48.8M | $164.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -12.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 3.54× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 4.68× | — | ||
| Q3 24 | 2.01× | — | ||
| Q2 24 | 4.92× | — | ||
| Q1 24 | 1.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
