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Side-by-side financial comparison of Elme Communities (ELME) 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 $62.1M, roughly 2.0× Elme Communities). NOODLES & Co runs the higher net margin — -7.5% vs -198.9%, a 191.4% gap on every dollar of revenue. On growth, Elme Communities posted the faster year-over-year revenue change (1.7% vs -4.1%). Elme Communities produced more free cash flow last quarter ($7.2M vs $-2.8M). Over the past eight quarters, Elme Communities's revenue compounded faster (2.7% CAGR vs -1.2%).
Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.
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.
ELME vs NDLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $122.1M |
| Net Profit | $-123.5M | $-9.2M |
| Gross Margin | 61.1% | — |
| Operating Margin | -183.3% | -5.2% |
| Net Margin | -198.9% | -7.5% |
| Revenue YoY | 1.7% | -4.1% |
| Net Profit YoY | -4058.7% | 32.8% |
| EPS (diluted) | $-1.40 | $-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.
| Q3 25 | $62.1M | $122.1M | ||
| Q2 25 | $62.1M | $123.8M | ||
| Q1 25 | $61.5M | — | ||
| Q4 24 | $61.3M | $122.8M | ||
| Q3 24 | $61.1M | $127.4M | ||
| Q2 24 | $60.1M | $121.4M | ||
| Q1 24 | $59.5M | $124.3M | ||
| Q4 23 | $58.9M | $127.9M |
| Q3 25 | $-123.5M | $-9.2M | ||
| Q2 25 | $-3.6M | $-9.1M | ||
| Q1 25 | $-4.7M | — | ||
| Q4 24 | $-3.0M | $-6.8M | ||
| Q3 24 | $-3.0M | $-13.6M | ||
| Q2 24 | $-3.5M | $-6.1M | ||
| Q1 24 | $-3.6M | $-6.1M | ||
| Q4 23 | $-3.1M | $700.0K |
| Q3 25 | 61.1% | — | ||
| Q2 25 | 63.5% | — | ||
| Q1 25 | 64.2% | — | ||
| Q4 24 | 62.9% | — | ||
| Q3 24 | 63.5% | — | ||
| Q2 24 | 63.4% | — | ||
| Q1 24 | 63.5% | — | ||
| Q4 23 | 65.6% | — |
| Q3 25 | -183.3% | -5.2% | ||
| Q2 25 | 9.6% | -5.2% | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 10.4% | -3.9% | ||
| Q3 24 | 11.0% | -9.0% | ||
| Q2 24 | 9.8% | -3.4% | ||
| Q1 24 | 7.5% | -3.7% | ||
| Q4 23 | 10.7% | 1.6% |
| Q3 25 | -198.9% | -7.5% | ||
| Q2 25 | -5.7% | -7.3% | ||
| Q1 25 | -7.6% | — | ||
| Q4 24 | -4.9% | -5.5% | ||
| Q3 24 | -4.9% | -10.7% | ||
| Q2 24 | -5.8% | -5.1% | ||
| Q1 24 | -6.1% | -4.9% | ||
| Q4 23 | -5.3% | 0.5% |
| Q3 25 | $-1.40 | $-0.20 | ||
| Q2 25 | $-0.04 | $-0.20 | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.04 | $-0.15 | ||
| Q3 24 | $-0.03 | $-0.30 | ||
| Q2 24 | $-0.04 | $-0.14 | ||
| Q1 24 | $-0.04 | $-1.64 | ||
| Q4 23 | $-0.04 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.1M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $908.9M | $-38.9M |
| Total Assets | $1.7B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $7.1M | $4.7M | ||
| Q2 25 | $4.8M | $1.4M | ||
| Q1 25 | $6.4M | — | ||
| Q4 24 | $6.1M | $3.3M | ||
| Q3 24 | $4.8M | $1.8M | ||
| Q2 24 | $5.6M | $1.3M | ||
| Q1 24 | $4.2M | $3.0M | ||
| Q4 23 | $6.0M | $2.5M |
| Q3 25 | $908.9M | $-38.9M | ||
| Q2 25 | $1.0B | $-13.9M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $3.7M | ||
| Q3 24 | $1.1B | $9.6M | ||
| Q2 24 | $1.1B | $21.9M | ||
| Q1 24 | $1.1B | $27.2M | ||
| Q4 23 | $1.2B | $32.5M |
| Q3 25 | $1.7B | $280.6M | ||
| Q2 25 | $1.8B | $319.4M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $340.5M | ||
| Q3 24 | $1.9B | $346.3M | ||
| Q2 24 | $1.9B | $360.4M | ||
| Q1 24 | $1.9B | $368.1M | ||
| Q4 23 | $1.9B | $368.8M |
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 | $15.9M | $4.3M |
| Free Cash FlowOCF − Capex | $7.2M | $-2.8M |
| FCF MarginFCF / Revenue | 11.6% | -2.3% |
| Capex IntensityCapex / Revenue | 14.0% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $86.7M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $15.9M | $4.3M | ||
| Q2 25 | $29.8M | $4.0M | ||
| Q1 25 | $16.2M | — | ||
| Q4 24 | $95.2M | $5.8M | ||
| Q3 24 | $20.7M | $4.7M | ||
| Q2 24 | $28.9M | $7.0M | ||
| Q1 24 | $21.2M | $164.0K | ||
| Q4 23 | $22.9M | $16.9M |
| Q3 25 | $7.2M | $-2.8M | ||
| Q2 25 | $21.1M | $1.1M | ||
| Q1 25 | $10.5M | — | ||
| Q4 24 | $47.9M | $-1.3M | ||
| Q3 24 | $8.8M | $-4.5M | ||
| Q2 24 | $21.0M | $-1.6M | ||
| Q1 24 | $7.6M | $-15.2M | ||
| Q4 23 | $6.9M | $4.1M |
| Q3 25 | 11.6% | -2.3% | ||
| Q2 25 | 34.1% | 0.9% | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 78.1% | -1.1% | ||
| Q3 24 | 14.4% | -3.5% | ||
| Q2 24 | 34.9% | -1.4% | ||
| Q1 24 | 12.8% | -12.2% | ||
| Q4 23 | 11.8% | 3.2% |
| Q3 25 | 14.0% | 5.8% | ||
| Q2 25 | 14.0% | 2.4% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 77.4% | 5.8% | ||
| Q3 24 | 19.4% | 7.2% | ||
| Q2 24 | 13.1% | 7.1% | ||
| Q1 24 | 22.9% | 12.3% | ||
| Q4 23 | 27.1% | 10.0% |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 24.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELME
| Residential Segment | $57.7M | 93% |
| Other | $4.4M | 7% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
