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Side-by-side financial comparison of ENNIS, INC. (EBF) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $100.2M, roughly 1.2× ENNIS, INC.). ENNIS, INC. runs the higher net margin — 10.8% vs -7.5%, a 18.3% gap on every dollar of revenue. On growth, ENNIS, INC. posted the faster year-over-year revenue change (0.4% vs -4.1%). ENNIS, INC. produced more free cash flow last quarter ($15.7M vs $-2.8M). Over the past eight quarters, ENNIS, INC.'s revenue compounded faster (1.4% CAGR vs -1.2%).

ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.

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.

EBF vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.2× larger
NDLS
$122.1M
$100.2M
EBF
Growing faster (revenue YoY)
EBF
EBF
+4.5% gap
EBF
0.4%
-4.1%
NDLS
Higher net margin
EBF
EBF
18.3% more per $
EBF
10.8%
-7.5%
NDLS
More free cash flow
EBF
EBF
$18.5M more FCF
EBF
$15.7M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
EBF
EBF
Annualised
EBF
1.4%
-1.2%
NDLS

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
EBF
EBF
NDLS
NDLS
Revenue
$100.2M
$122.1M
Net Profit
$10.8M
$-9.2M
Gross Margin
31.9%
Operating Margin
15.0%
-5.2%
Net Margin
10.8%
-7.5%
Revenue YoY
0.4%
-4.1%
Net Profit YoY
6.1%
32.8%
EPS (diluted)
$0.42
$-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
EBF
EBF
NDLS
NDLS
Q4 25
$100.2M
Q3 25
$98.7M
$122.1M
Q2 25
$97.2M
$123.8M
Q1 25
$92.7M
Q4 24
$99.8M
$122.8M
Q3 24
$99.0M
$127.4M
Q2 24
$103.1M
$121.4M
Q1 24
$97.4M
$124.3M
Net Profit
EBF
EBF
NDLS
NDLS
Q4 25
$10.8M
Q3 25
$13.2M
$-9.2M
Q2 25
$9.8M
$-9.1M
Q1 25
$9.0M
Q4 24
$10.2M
$-6.8M
Q3 24
$10.3M
$-13.6M
Q2 24
$10.7M
$-6.1M
Q1 24
$10.1M
$-6.1M
Gross Margin
EBF
EBF
NDLS
NDLS
Q4 25
31.9%
Q3 25
30.5%
Q2 25
31.1%
Q1 25
29.5%
Q4 24
29.3%
Q3 24
30.1%
Q2 24
30.0%
Q1 24
28.4%
Operating Margin
EBF
EBF
NDLS
NDLS
Q4 25
15.0%
Q3 25
12.5%
-5.2%
Q2 25
13.7%
-5.2%
Q1 25
13.0%
Q4 24
13.1%
-3.9%
Q3 24
13.3%
-9.0%
Q2 24
13.3%
-3.4%
Q1 24
13.3%
-3.7%
Net Margin
EBF
EBF
NDLS
NDLS
Q4 25
10.8%
Q3 25
13.3%
-7.5%
Q2 25
10.1%
-7.3%
Q1 25
9.7%
Q4 24
10.2%
-5.5%
Q3 24
10.4%
-10.7%
Q2 24
10.4%
-5.1%
Q1 24
10.4%
-4.9%
EPS (diluted)
EBF
EBF
NDLS
NDLS
Q4 25
$0.42
Q3 25
$0.51
$-0.20
Q2 25
$0.38
$-0.20
Q1 25
$0.34
Q4 24
$0.39
$-0.15
Q3 24
$0.40
$-0.30
Q2 24
$0.41
$-0.14
Q1 24
$0.39
$-1.64

Balance Sheet & Financial Strength

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

Metric
EBF
EBF
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$31.3M
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$304.8M
$-38.9M
Total Assets
$354.3M
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBF
EBF
NDLS
NDLS
Q4 25
$31.3M
Q3 25
$31.9M
$4.7M
Q2 25
$32.6M
$1.4M
Q1 25
$72.5M
Q4 24
$68.6M
$3.3M
Q3 24
$122.6M
$1.8M
Q2 24
$123.7M
$1.3M
Q1 24
$110.9M
$3.0M
Stockholders' Equity
EBF
EBF
NDLS
NDLS
Q4 25
$304.8M
Q3 25
$305.4M
$-38.9M
Q2 25
$301.2M
$-13.9M
Q1 25
$302.0M
Q4 24
$297.7M
$3.7M
Q3 24
$358.4M
$9.6M
Q2 24
$354.4M
$21.9M
Q1 24
$349.8M
$27.2M
Total Assets
EBF
EBF
NDLS
NDLS
Q4 25
$354.3M
Q3 25
$361.8M
$280.6M
Q2 25
$361.7M
$319.4M
Q1 25
$348.9M
Q4 24
$346.1M
$340.5M
Q3 24
$406.8M
$346.3M
Q2 24
$406.2M
$360.4M
Q1 24
$399.2M
$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
EBF
EBF
NDLS
NDLS
Operating Cash FlowLast quarter
$16.4M
$4.3M
Free Cash FlowOCF − Capex
$15.7M
$-2.8M
FCF MarginFCF / Revenue
15.7%
-2.3%
Capex IntensityCapex / Revenue
0.7%
5.8%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$42.5M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBF
EBF
NDLS
NDLS
Q4 25
$16.4M
Q3 25
$10.5M
$4.3M
Q2 25
$8.0M
$4.0M
Q1 25
$12.8M
Q4 24
$18.2M
$5.8M
Q3 24
$11.8M
$4.7M
Q2 24
$23.1M
$7.0M
Q1 24
$16.6M
$164.0K
Free Cash Flow
EBF
EBF
NDLS
NDLS
Q4 25
$15.7M
Q3 25
$9.0M
$-2.8M
Q2 25
$6.6M
$1.1M
Q1 25
$11.1M
Q4 24
$17.5M
$-1.3M
Q3 24
$10.7M
$-4.5M
Q2 24
$20.6M
$-1.6M
Q1 24
$15.0M
$-15.2M
FCF Margin
EBF
EBF
NDLS
NDLS
Q4 25
15.7%
Q3 25
9.2%
-2.3%
Q2 25
6.8%
0.9%
Q1 25
12.0%
Q4 24
17.6%
-1.1%
Q3 24
10.8%
-3.5%
Q2 24
20.0%
-1.4%
Q1 24
15.3%
-12.2%
Capex Intensity
EBF
EBF
NDLS
NDLS
Q4 25
0.7%
Q3 25
1.4%
5.8%
Q2 25
1.4%
2.4%
Q1 25
1.8%
Q4 24
0.6%
5.8%
Q3 24
1.1%
7.2%
Q2 24
2.4%
7.1%
Q1 24
1.7%
12.3%
Cash Conversion
EBF
EBF
NDLS
NDLS
Q4 25
1.52×
Q3 25
0.80×
Q2 25
0.81×
Q1 25
1.41×
Q4 24
1.78×
Q3 24
1.15×
Q2 24
2.16×
Q1 24
1.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EBF
EBF

Segment breakdown not available.

NDLS
NDLS

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

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