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Side-by-side financial comparison of Evolus, Inc. (EOLS) 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 $90.3M, roughly 1.4× Evolus, Inc.). Evolus, Inc. runs the higher net margin — 0.1% vs -7.5%, a 7.6% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs -4.1%). Evolus, Inc. produced more free cash flow last quarter ($11.3M vs $-2.8M). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (23.4% CAGR vs -1.2%).
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
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.
EOLS vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.3M | $122.1M |
| Net Profit | $130.0K | $-9.2M |
| Gross Margin | 65.7% | — |
| Operating Margin | 4.7% | -5.2% |
| Net Margin | 0.1% | -7.5% |
| Revenue YoY | 14.4% | -4.1% |
| Net Profit YoY | 101.9% | 32.8% |
| EPS (diluted) | $0.01 | $-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 | $90.3M | — | ||
| Q3 25 | $69.0M | $122.1M | ||
| Q2 25 | $69.4M | $123.8M | ||
| Q1 25 | $68.5M | — | ||
| Q4 24 | $78.9M | $122.8M | ||
| Q3 24 | $61.1M | $127.4M | ||
| Q2 24 | $66.9M | $121.4M | ||
| Q1 24 | $59.3M | $124.3M |
| Q4 25 | $130.0K | — | ||
| Q3 25 | $-15.7M | $-9.2M | ||
| Q2 25 | $-17.1M | $-9.1M | ||
| Q1 25 | $-18.9M | — | ||
| Q4 24 | $-6.8M | $-6.8M | ||
| Q3 24 | $-19.2M | $-13.6M | ||
| Q2 24 | $-11.3M | $-6.1M | ||
| Q1 24 | $-13.1M | $-6.1M |
| Q4 25 | 65.7% | — | ||
| Q3 25 | 66.5% | — | ||
| Q2 25 | 65.3% | — | ||
| Q1 25 | 68.1% | — | ||
| Q4 24 | 66.7% | — | ||
| Q3 24 | 68.9% | — | ||
| Q2 24 | 70.3% | — | ||
| Q1 24 | 68.3% | — |
| Q4 25 | 4.7% | — | ||
| Q3 25 | -16.7% | -5.2% | ||
| Q2 25 | -14.7% | -5.2% | ||
| Q1 25 | -22.1% | — | ||
| Q4 24 | -2.9% | -3.9% | ||
| Q3 24 | -25.3% | -9.0% | ||
| Q2 24 | -11.5% | -3.4% | ||
| Q1 24 | -15.0% | -3.7% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | -22.8% | -7.5% | ||
| Q2 25 | -24.7% | -7.3% | ||
| Q1 25 | -27.6% | — | ||
| Q4 24 | -8.6% | -5.5% | ||
| Q3 24 | -31.4% | -10.7% | ||
| Q2 24 | -17.0% | -5.1% | ||
| Q1 24 | -22.1% | -4.9% |
| Q4 25 | $0.01 | — | ||
| Q3 25 | $-0.24 | $-0.20 | ||
| Q2 25 | $-0.27 | $-0.20 | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | $-0.11 | $-0.15 | ||
| Q3 24 | $-0.30 | $-0.30 | ||
| Q2 24 | $-0.18 | $-0.14 | ||
| Q1 24 | $-0.22 | $-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 | $53.8M | $4.7M |
| Total DebtLower is stronger | $146.1M | — |
| Stockholders' EquityBook value | $-23.1M | $-38.9M |
| Total Assets | $225.9M | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.8M | — | ||
| Q3 25 | $43.5M | $4.7M | ||
| Q2 25 | $61.7M | $1.4M | ||
| Q1 25 | $67.9M | — | ||
| Q4 24 | $87.0M | $3.3M | ||
| Q3 24 | $85.0M | $1.8M | ||
| Q2 24 | $93.7M | $1.3M | ||
| Q1 24 | $97.0M | $3.0M |
| Q4 25 | $146.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $121.8M | — | ||
| Q4 24 | $121.5M | — | ||
| Q3 24 | $121.2M | — | ||
| Q2 24 | $120.9M | — | ||
| Q1 24 | $120.6M | — |
| Q4 25 | $-23.1M | — | ||
| Q3 25 | $-28.8M | $-38.9M | ||
| Q2 25 | $-18.7M | $-13.9M | ||
| Q1 25 | $-6.6M | — | ||
| Q4 24 | $5.5M | $3.7M | ||
| Q3 24 | $5.9M | $9.6M | ||
| Q2 24 | $19.3M | $21.9M | ||
| Q1 24 | $18.4M | $27.2M |
| Q4 25 | $225.9M | — | ||
| Q3 25 | $219.0M | $280.6M | ||
| Q2 25 | $228.8M | $319.4M | ||
| Q1 25 | $213.4M | — | ||
| Q4 24 | $232.6M | $340.5M | ||
| Q3 24 | $229.6M | $346.3M | ||
| Q2 24 | $233.8M | $360.4M | ||
| Q1 24 | $226.2M | $368.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.00× | — | ||
| Q3 24 | 20.58× | — | ||
| Q2 24 | 6.26× | — | ||
| Q1 24 | 6.54× | — |
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 | $12.8M | $4.3M |
| Free Cash FlowOCF − Capex | $11.3M | $-2.8M |
| FCF MarginFCF / Revenue | 12.6% | -2.3% |
| Capex IntensityCapex / Revenue | 1.6% | 5.8% |
| Cash ConversionOCF / Net Profit | 98.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.7M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.8M | — | ||
| Q3 25 | $-14.7M | $4.3M | ||
| Q2 25 | $-24.8M | $4.0M | ||
| Q1 25 | $-15.6M | — | ||
| Q4 24 | $4.8M | $5.8M | ||
| Q3 24 | $-5.7M | $4.7M | ||
| Q2 24 | $-6.5M | $7.0M | ||
| Q1 24 | $-10.6M | $164.0K |
| Q4 25 | $11.3M | — | ||
| Q3 25 | $-15.6M | $-2.8M | ||
| Q2 25 | $-25.5M | $1.1M | ||
| Q1 25 | $-16.0M | — | ||
| Q4 24 | $4.4M | $-1.3M | ||
| Q3 24 | $-6.0M | $-4.5M | ||
| Q2 24 | $-6.9M | $-1.6M | ||
| Q1 24 | $-10.9M | $-15.2M |
| Q4 25 | 12.6% | — | ||
| Q3 25 | -22.7% | -2.3% | ||
| Q2 25 | -36.7% | 0.9% | ||
| Q1 25 | -23.3% | — | ||
| Q4 24 | 5.5% | -1.1% | ||
| Q3 24 | -9.9% | -3.5% | ||
| Q2 24 | -10.4% | -1.4% | ||
| Q1 24 | -18.3% | -12.2% |
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.4% | 5.8% | ||
| Q2 25 | 1.0% | 2.4% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.6% | 5.8% | ||
| Q3 24 | 0.5% | 7.2% | ||
| Q2 24 | 0.7% | 7.1% | ||
| Q1 24 | 0.4% | 12.3% |
| Q4 25 | 98.67× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EOLS
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
