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Side-by-side financial comparison of EPR PROPERTIES (EPR) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
EPR PROPERTIES is the larger business by last-quarter revenue ($182.9M vs $122.1M, roughly 1.5× NOODLES & Co). EPR PROPERTIES runs the higher net margin — 36.6% vs -7.5%, a 44.1% gap on every dollar of revenue. On growth, EPR PROPERTIES posted the faster year-over-year revenue change (3.2% vs -4.1%). EPR PROPERTIES produced more free cash flow last quarter ($269.2M vs $-2.8M). Over the past eight quarters, EPR PROPERTIES's revenue compounded faster (4.6% CAGR vs -1.2%).
EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties. It owns 353 properties as of 2022.
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.
EPR vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $182.9M | $122.1M |
| Net Profit | $66.9M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 56.8% | -5.2% |
| Net Margin | 36.6% | -7.5% |
| Revenue YoY | 3.2% | -4.1% |
| Net Profit YoY | 897.0% | 32.8% |
| EPS (diluted) | $0.80 | $-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 | $182.9M | — | ||
| Q3 25 | $182.3M | $122.1M | ||
| Q2 25 | $178.1M | $123.8M | ||
| Q1 25 | $175.0M | — | ||
| Q4 24 | $177.2M | $122.8M | ||
| Q3 24 | $180.5M | $127.4M | ||
| Q2 24 | $173.1M | $121.4M | ||
| Q1 24 | $167.2M | $124.3M |
| Q4 25 | $66.9M | — | ||
| Q3 25 | $66.6M | $-9.2M | ||
| Q2 25 | $75.6M | $-9.1M | ||
| Q1 25 | $65.8M | — | ||
| Q4 24 | $-8.4M | $-6.8M | ||
| Q3 24 | $46.6M | $-13.6M | ||
| Q2 24 | $45.1M | $-6.1M | ||
| Q1 24 | $62.7M | $-6.1M |
| Q4 25 | 56.8% | — | ||
| Q3 25 | 53.5% | -5.2% | ||
| Q2 25 | 62.5% | -5.2% | ||
| Q1 25 | 58.1% | — | ||
| Q4 24 | 25.5% | -3.9% | ||
| Q3 24 | 51.4% | -9.0% | ||
| Q2 24 | 45.9% | -3.4% | ||
| Q1 24 | 58.8% | -3.7% |
| Q4 25 | 36.6% | — | ||
| Q3 25 | 36.5% | -7.5% | ||
| Q2 25 | 42.5% | -7.3% | ||
| Q1 25 | 37.6% | — | ||
| Q4 24 | -4.7% | -5.5% | ||
| Q3 24 | 25.8% | -10.7% | ||
| Q2 24 | 26.1% | -5.1% | ||
| Q1 24 | 37.5% | -4.9% |
| Q4 25 | $0.80 | — | ||
| Q3 25 | $0.79 | $-0.20 | ||
| Q2 25 | $0.91 | $-0.20 | ||
| Q1 25 | $0.78 | — | ||
| Q4 24 | $-0.19 | $-0.15 | ||
| Q3 24 | $0.53 | $-0.30 | ||
| Q2 24 | $0.51 | $-0.14 | ||
| Q1 24 | $0.75 | $-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 | $90.6M | $4.7M |
| Total DebtLower is stronger | $2.9B | — |
| Stockholders' EquityBook value | $2.3B | $-38.9M |
| Total Assets | $5.7B | $280.6M |
| Debt / EquityLower = less leverage | 1.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $90.6M | — | ||
| Q3 25 | $13.7M | $4.7M | ||
| Q2 25 | $13.0M | $1.4M | ||
| Q1 25 | $20.6M | — | ||
| Q4 24 | $22.1M | $3.3M | ||
| Q3 24 | $35.3M | $1.8M | ||
| Q2 24 | $33.7M | $1.3M | ||
| Q1 24 | $59.5M | $3.0M |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $-38.9M | ||
| Q2 25 | $2.3B | $-13.9M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $3.7M | ||
| Q3 24 | $2.4B | $9.6M | ||
| Q2 24 | $2.4B | $21.9M | ||
| Q1 24 | $2.4B | $27.2M |
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $280.6M | ||
| Q2 25 | $5.6B | $319.4M | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.6B | $340.5M | ||
| Q3 24 | $5.7B | $346.3M | ||
| Q2 24 | $5.6B | $360.4M | ||
| Q1 24 | $5.7B | $368.1M |
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.16× | — | ||
| Q1 24 | 1.15× | — |
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 | $421.0M | $4.3M |
| Free Cash FlowOCF − Capex | $269.2M | $-2.8M |
| FCF MarginFCF / Revenue | 147.1% | -2.3% |
| Capex IntensityCapex / Revenue | 82.9% | 5.8% |
| Cash ConversionOCF / Net Profit | 6.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $568.5M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $421.0M | — | ||
| Q3 25 | $136.5M | $4.3M | ||
| Q2 25 | $87.3M | $4.0M | ||
| Q1 25 | $99.4M | — | ||
| Q4 24 | $393.1M | $5.8M | ||
| Q3 24 | $122.0M | $4.7M | ||
| Q2 24 | $78.7M | $7.0M | ||
| Q1 24 | $99.5M | $164.0K |
| Q4 25 | $269.2M | — | ||
| Q3 25 | $132.1M | $-2.8M | ||
| Q2 25 | $82.4M | $1.1M | ||
| Q1 25 | $84.7M | — | ||
| Q4 24 | $129.2M | $-1.3M | ||
| Q3 24 | $121.5M | $-4.5M | ||
| Q2 24 | $71.3M | $-1.6M | ||
| Q1 24 | $65.0M | $-15.2M |
| Q4 25 | 147.1% | — | ||
| Q3 25 | 72.5% | -2.3% | ||
| Q2 25 | 46.3% | 0.9% | ||
| Q1 25 | 48.4% | — | ||
| Q4 24 | 72.9% | -1.1% | ||
| Q3 24 | 67.3% | -3.5% | ||
| Q2 24 | 41.2% | -1.4% | ||
| Q1 24 | 38.9% | -12.2% |
| Q4 25 | 82.9% | — | ||
| Q3 25 | 2.4% | 5.8% | ||
| Q2 25 | 2.7% | 2.4% | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | 148.9% | 5.8% | ||
| Q3 24 | 0.3% | 7.2% | ||
| Q2 24 | 4.2% | 7.1% | ||
| Q1 24 | 20.6% | 12.3% |
| Q4 25 | 6.29× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.59× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPR
| Experiential Reportable Operating Segment | $173.3M | 95% |
| Education Reportable Operating Segment | $9.5M | 5% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
