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Side-by-side financial comparison of Doximity, Inc. (DOCS) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $122.1M, roughly 1.5× NOODLES & Co). Doximity, Inc. runs the higher net margin — 33.3% vs -7.5%, a 40.8% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -4.1%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -1.2%).
Doximity is an online networking service for medical professionals. Launched in 2010, the platform offers its members curated medical news, telehealth tools, and case collaboration.
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.
DOCS vs NDLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $122.1M |
| Net Profit | $61.6M | $-9.2M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | -5.2% |
| Net Margin | 33.3% | -7.5% |
| Revenue YoY | 9.8% | -4.1% |
| Net Profit YoY | -18.1% | 32.8% |
| EPS (diluted) | $0.31 | $-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 | $185.1M | — | ||
| Q3 25 | $168.5M | $122.1M | ||
| Q2 25 | $145.9M | $123.8M | ||
| Q1 25 | $138.3M | — | ||
| Q4 24 | $168.6M | $122.8M | ||
| Q3 24 | $136.8M | $127.4M | ||
| Q2 24 | $126.7M | $121.4M | ||
| Q1 24 | $118.1M | $124.3M |
| Q4 25 | $61.6M | — | ||
| Q3 25 | $62.1M | $-9.2M | ||
| Q2 25 | $53.3M | $-9.1M | ||
| Q1 25 | $62.5M | — | ||
| Q4 24 | $75.2M | $-6.8M | ||
| Q3 24 | $44.2M | $-13.6M | ||
| Q2 24 | $41.4M | $-6.1M | ||
| Q1 24 | $40.6M | $-6.1M |
| Q4 25 | 89.9% | — | ||
| Q3 25 | 90.3% | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | 89.5% | — | ||
| Q4 24 | 91.6% | — | ||
| Q3 24 | 90.0% | — | ||
| Q2 24 | 89.3% | — | ||
| Q1 24 | 89.4% | — |
| Q4 25 | 38.9% | — | ||
| Q3 25 | 37.8% | -5.2% | ||
| Q2 25 | 37.4% | -5.2% | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 47.4% | -3.9% | ||
| Q3 24 | 38.8% | -9.0% | ||
| Q2 24 | 36.4% | -3.4% | ||
| Q1 24 | 35.5% | -3.7% |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 36.8% | -7.5% | ||
| Q2 25 | 36.5% | -7.3% | ||
| Q1 25 | 45.2% | — | ||
| Q4 24 | 44.6% | -5.5% | ||
| Q3 24 | 32.3% | -10.7% | ||
| Q2 24 | 32.7% | -5.1% | ||
| Q1 24 | 34.4% | -4.9% |
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.31 | $-0.20 | ||
| Q2 25 | $0.27 | $-0.20 | ||
| Q1 25 | $0.31 | — | ||
| Q4 24 | $0.37 | $-0.15 | ||
| Q3 24 | $0.22 | $-0.30 | ||
| Q2 24 | $0.21 | $-0.14 | ||
| Q1 24 | $0.20 | $-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 | $64.8M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $-38.9M |
| Total Assets | $1.2B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | — | ||
| Q3 25 | $169.2M | $4.7M | ||
| Q2 25 | $137.3M | $1.4M | ||
| Q1 25 | $209.6M | — | ||
| Q4 24 | $165.3M | $3.3M | ||
| Q3 24 | $184.2M | $1.8M | ||
| Q2 24 | $111.4M | $1.3M | ||
| Q1 24 | $96.8M | $3.0M |
| Q4 25 | $979.3M | — | ||
| Q3 25 | $1.1B | $-38.9M | ||
| Q2 25 | $1.0B | $-13.9M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | $3.7M | ||
| Q3 24 | $961.2M | $9.6M | ||
| Q2 24 | $913.6M | $21.9M | ||
| Q1 24 | $901.4M | $27.2M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $280.6M | ||
| Q2 25 | $1.2B | $319.4M | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | $340.5M | ||
| Q3 24 | $1.1B | $346.3M | ||
| Q2 24 | $1.1B | $360.4M | ||
| Q1 24 | $1.1B | $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 | $60.9M | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | — | ||
| Q3 25 | $93.9M | $4.3M | ||
| Q2 25 | $62.1M | $4.0M | ||
| Q1 25 | $98.5M | — | ||
| Q4 24 | $65.2M | $5.8M | ||
| Q3 24 | $68.3M | $4.7M | ||
| Q2 24 | $41.2M | $7.0M | ||
| Q1 24 | $63.9M | $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 | 0.0% | — | ||
| Q4 24 | 0.0% | 5.8% | ||
| Q3 24 | 0.0% | 7.2% | ||
| Q2 24 | 0.0% | 7.1% | ||
| Q1 24 | 0.0% | 12.3% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
