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Side-by-side financial comparison of Ellington Financial Inc. (EFC) 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 $78.2M, roughly 1.6× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -7.5%, a 36.4% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs -4.1%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -1.2%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $122.1M |
| Net Profit | $22.6M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | -5.2% |
| Net Margin | 28.9% | -7.5% |
| Revenue YoY | 8.7% | -4.1% |
| Net Profit YoY | -26.2% | 32.8% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | — | ||
| Q3 25 | $82.8M | $122.1M | ||
| Q2 25 | $92.5M | $123.8M | ||
| Q1 25 | $82.9M | — | ||
| Q4 24 | $72.0M | $122.8M | ||
| Q3 24 | $67.0M | $127.4M | ||
| Q2 24 | $91.2M | $121.4M | ||
| Q1 24 | $75.5M | $124.3M |
| Q4 25 | $22.6M | — | ||
| Q3 25 | $29.5M | $-9.2M | ||
| Q2 25 | $42.9M | $-9.1M | ||
| Q1 25 | $31.6M | — | ||
| Q4 24 | $30.7M | $-6.8M | ||
| Q3 24 | $16.2M | $-13.6M | ||
| Q2 24 | $52.3M | $-6.1M | ||
| Q1 24 | $26.9M | $-6.1M |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 31.1% | -5.2% | ||
| Q2 25 | 38.3% | -5.2% | ||
| Q1 25 | 37.3% | — | ||
| Q4 24 | 28.0% | -3.9% | ||
| Q3 24 | 24.0% | -9.0% | ||
| Q2 24 | 52.8% | -3.4% | ||
| Q1 24 | 42.2% | -3.7% |
| Q4 25 | 28.9% | — | ||
| Q3 25 | 35.7% | -7.5% | ||
| Q2 25 | 46.4% | -7.3% | ||
| Q1 25 | 38.2% | — | ||
| Q4 24 | 42.6% | -5.5% | ||
| Q3 24 | 24.1% | -10.7% | ||
| Q2 24 | 57.4% | -5.1% | ||
| Q1 24 | 35.6% | -4.9% |
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.29 | $-0.20 | ||
| Q2 25 | $0.45 | $-0.20 | ||
| Q1 25 | $0.35 | — | ||
| Q4 24 | $0.23 | $-0.15 | ||
| Q3 24 | $0.19 | $-0.30 | ||
| Q2 24 | $0.62 | $-0.14 | ||
| Q1 24 | $0.32 | $-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 | $201.9M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $-38.9M |
| Total Assets | $19.4B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | — | ||
| Q3 25 | $184.8M | $4.7M | ||
| Q2 25 | $211.0M | $1.4M | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $192.4M | $3.3M | ||
| Q3 24 | $217.7M | $1.8M | ||
| Q2 24 | $198.5M | $1.3M | ||
| Q1 24 | $187.5M | $3.0M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $-38.9M | ||
| Q2 25 | $1.7B | $-13.9M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $3.7M | ||
| Q3 24 | $1.6B | $9.6M | ||
| Q2 24 | $1.6B | $21.9M | ||
| Q1 24 | $1.5B | $27.2M |
| Q4 25 | $19.4B | — | ||
| Q3 25 | $17.8B | $280.6M | ||
| Q2 25 | $17.1B | $319.4M | ||
| Q1 25 | $16.6B | — | ||
| Q4 24 | $16.3B | $340.5M | ||
| Q3 24 | $16.0B | $346.3M | ||
| Q2 24 | $15.1B | $360.4M | ||
| Q1 24 | $15.1B | $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 | $-925.5M | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | 0.0% | 5.8% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | — | ||
| Q3 25 | $-290.4M | $4.3M | ||
| Q2 25 | $-210.5M | $4.0M | ||
| Q1 25 | $-126.4M | — | ||
| Q4 24 | $-430.5M | $5.8M | ||
| Q3 24 | $-141.7M | $4.7M | ||
| Q2 24 | $-88.6M | $7.0M | ||
| Q1 24 | $-59.5M | $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 | 0.0% | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | — | ||
| 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 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | — | ||
| Q4 24 | -14.04× | — | ||
| Q3 24 | -8.76× | — | ||
| Q2 24 | -1.69× | — | ||
| Q1 24 | -2.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
