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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $122.1M, roughly 1.3× NOODLES & Co). On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -5.2%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -10.8%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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.

CVGI vs NDLS — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.3× larger
CVGI
$154.8M
$122.1M
NDLS
Growing faster (revenue YoY)
NDLS
NDLS
+1.1% gap
NDLS
-4.1%
-5.2%
CVGI
More free cash flow
CVGI
CVGI
$11.5M more FCF
CVGI
$8.7M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
NDLS
NDLS
Annualised
NDLS
-1.2%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CVGI
CVGI
NDLS
NDLS
Revenue
$154.8M
$122.1M
Net Profit
$-9.2M
Gross Margin
9.7%
Operating Margin
-1.2%
-5.2%
Net Margin
-7.5%
Revenue YoY
-5.2%
-4.1%
Net Profit YoY
32.8%
EPS (diluted)
$-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.

Revenue
CVGI
CVGI
NDLS
NDLS
Q4 25
$154.8M
Q3 25
$152.5M
$122.1M
Q2 25
$172.0M
$123.8M
Q1 25
$169.8M
Q4 24
$163.3M
$122.8M
Q3 24
$171.8M
$127.4M
Q2 24
$193.7M
$121.4M
Q1 24
$194.6M
$124.3M
Net Profit
CVGI
CVGI
NDLS
NDLS
Q4 25
Q3 25
$-7.1M
$-9.2M
Q2 25
$-4.8M
$-9.1M
Q1 25
$-4.3M
Q4 24
$-6.8M
Q3 24
$9.5M
$-13.6M
Q2 24
$-1.6M
$-6.1M
Q1 24
$2.9M
$-6.1M
Gross Margin
CVGI
CVGI
NDLS
NDLS
Q4 25
9.7%
Q3 25
10.5%
Q2 25
11.4%
Q1 25
10.5%
Q4 24
8.0%
Q3 24
9.6%
Q2 24
10.6%
Q1 24
11.9%
Operating Margin
CVGI
CVGI
NDLS
NDLS
Q4 25
-1.2%
Q3 25
-0.7%
-5.2%
Q2 25
0.5%
-5.2%
Q1 25
0.8%
Q4 24
-3.2%
-3.9%
Q3 24
-0.6%
-9.0%
Q2 24
0.5%
-3.4%
Q1 24
2.3%
-3.7%
Net Margin
CVGI
CVGI
NDLS
NDLS
Q4 25
Q3 25
-4.6%
-7.5%
Q2 25
-2.8%
-7.3%
Q1 25
-2.5%
Q4 24
-5.5%
Q3 24
5.5%
-10.7%
Q2 24
-0.8%
-5.1%
Q1 24
1.5%
-4.9%
EPS (diluted)
CVGI
CVGI
NDLS
NDLS
Q4 25
Q3 25
$-0.20
Q2 25
$-0.20
Q1 25
Q4 24
$-0.15
Q3 24
$-0.30
Q2 24
$-0.05
$-0.14
Q1 24
$0.09
$-1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVGI
CVGI
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$4.7M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$133.4M
$-38.9M
Total Assets
$391.7M
$280.6M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
NDLS
NDLS
Q4 25
Q3 25
$4.7M
Q2 25
$1.4M
Q1 25
Q4 24
$3.3M
Q3 24
$1.8M
Q2 24
$1.3M
Q1 24
$3.0M
Total Debt
CVGI
CVGI
NDLS
NDLS
Q4 25
$104.9M
Q3 25
$108.2M
Q2 25
$118.2M
Q1 25
$117.4M
Q4 24
$135.5M
Q3 24
$128.8M
Q2 24
$142.0M
Q1 24
$155.7M
Stockholders' Equity
CVGI
CVGI
NDLS
NDLS
Q4 25
$133.4M
Q3 25
$136.5M
$-38.9M
Q2 25
$142.6M
$-13.9M
Q1 25
$136.7M
Q4 24
$135.6M
$3.7M
Q3 24
$179.3M
$9.6M
Q2 24
$169.6M
$21.9M
Q1 24
$175.5M
$27.2M
Total Assets
CVGI
CVGI
NDLS
NDLS
Q4 25
$391.7M
Q3 25
$400.3M
$280.6M
Q2 25
$429.8M
$319.4M
Q1 25
$419.8M
Q4 24
$424.6M
$340.5M
Q3 24
$495.3M
$346.3M
Q2 24
$503.2M
$360.4M
Q1 24
$509.2M
$368.1M
Debt / Equity
CVGI
CVGI
NDLS
NDLS
Q4 25
0.79×
Q3 25
0.79×
Q2 25
0.83×
Q1 25
0.86×
Q4 24
1.00×
Q3 24
0.72×
Q2 24
0.84×
Q1 24
0.89×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVGI
CVGI
NDLS
NDLS
Operating Cash FlowLast quarter
$12.3M
$4.3M
Free Cash FlowOCF − Capex
$8.7M
$-2.8M
FCF MarginFCF / Revenue
5.6%
-2.3%
Capex IntensityCapex / Revenue
2.3%
5.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
NDLS
NDLS
Q4 25
$12.3M
Q3 25
$-1.7M
$4.3M
Q2 25
$18.9M
$4.0M
Q1 25
$15.2M
Q4 24
$-26.6M
$5.8M
Q3 24
$-17.1M
$4.7M
Q2 24
$12.6M
$7.0M
Q1 24
$-2.4M
$164.0K
Free Cash Flow
CVGI
CVGI
NDLS
NDLS
Q4 25
$8.7M
Q3 25
$-3.5M
$-2.8M
Q2 25
$17.4M
$1.1M
Q1 25
$11.4M
Q4 24
$-30.6M
$-1.3M
Q3 24
$-20.3M
$-4.5M
Q2 24
$6.4M
$-1.6M
Q1 24
$-7.4M
$-15.2M
FCF Margin
CVGI
CVGI
NDLS
NDLS
Q4 25
5.6%
Q3 25
-2.3%
-2.3%
Q2 25
10.1%
0.9%
Q1 25
6.7%
Q4 24
-18.7%
-1.1%
Q3 24
-11.8%
-3.5%
Q2 24
3.3%
-1.4%
Q1 24
-3.8%
-12.2%
Capex Intensity
CVGI
CVGI
NDLS
NDLS
Q4 25
2.3%
Q3 25
1.2%
5.8%
Q2 25
0.9%
2.4%
Q1 25
2.2%
Q4 24
2.4%
5.8%
Q3 24
1.9%
7.2%
Q2 24
3.2%
7.1%
Q1 24
2.6%
12.3%
Cash Conversion
CVGI
CVGI
NDLS
NDLS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.79×
Q2 24
Q1 24
-0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

NDLS
NDLS

Food And Beverage$119.6M98%
Franchise$2.5M2%

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