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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) 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 $64.6M, roughly 1.9× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -4.1%). ESTABLISHMENT LABS HOLDINGS INC. produced more free cash flow last quarter ($-2.0M vs $-2.8M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -1.2%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
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.
ESTA vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $122.1M |
| Net Profit | — | $-9.2M |
| Gross Margin | 70.5% | — |
| Operating Margin | -6.1% | -5.2% |
| Net Margin | — | -7.5% |
| Revenue YoY | 45.2% | -4.1% |
| Net Profit YoY | — | 32.8% |
| EPS (diluted) | $-0.07 | $-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 | $64.6M | — | ||
| Q3 25 | $53.8M | $122.1M | ||
| Q2 25 | $51.3M | $123.8M | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $44.5M | $122.8M | ||
| Q3 24 | $40.2M | $127.4M | ||
| Q2 24 | $44.1M | $121.4M | ||
| Q1 24 | $37.2M | $124.3M |
| Q4 25 | — | — | ||
| Q3 25 | $-11.1M | $-9.2M | ||
| Q2 25 | $-16.6M | $-9.1M | ||
| Q1 25 | $-20.7M | — | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $-16.7M | $-13.6M | ||
| Q2 24 | $-17.2M | $-6.1M | ||
| Q1 24 | $-16.2M | $-6.1M |
| Q4 25 | 70.5% | — | ||
| Q3 25 | 70.1% | — | ||
| Q2 25 | 68.8% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | 68.5% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 65.6% | — | ||
| Q1 24 | 65.6% | — |
| Q4 25 | -6.1% | — | ||
| Q3 25 | -7.5% | -5.2% | ||
| Q2 25 | -27.5% | -5.2% | ||
| Q1 25 | -41.0% | — | ||
| Q4 24 | -41.9% | -3.9% | ||
| Q3 24 | -32.7% | -9.0% | ||
| Q2 24 | -21.2% | -3.4% | ||
| Q1 24 | -23.8% | -3.7% |
| Q4 25 | — | — | ||
| Q3 25 | -20.7% | -7.5% | ||
| Q2 25 | -32.3% | -7.3% | ||
| Q1 25 | -50.1% | — | ||
| Q4 24 | — | -5.5% | ||
| Q3 24 | -41.5% | -10.7% | ||
| Q2 24 | -38.9% | -5.1% | ||
| Q1 24 | -43.6% | -4.9% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.38 | $-0.20 | ||
| Q2 25 | $-0.57 | $-0.20 | ||
| Q1 25 | $-0.70 | — | ||
| Q4 24 | $-1.21 | $-0.15 | ||
| Q3 24 | $-0.59 | $-0.30 | ||
| Q2 24 | $-0.62 | $-0.14 | ||
| Q1 24 | $-0.58 | $-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 | $75.6M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $-38.9M |
| Total Assets | $357.2M | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $70.6M | $4.7M | ||
| Q2 25 | $54.6M | $1.4M | ||
| Q1 25 | $69.2M | — | ||
| Q4 24 | $90.3M | $3.3M | ||
| Q3 24 | — | $1.8M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | — | ||
| Q3 25 | $16.4M | $-38.9M | ||
| Q2 25 | $22.8M | $-13.9M | ||
| Q1 25 | $38.5M | — | ||
| Q4 24 | $53.1M | $3.7M | ||
| Q3 24 | $32.7M | $9.6M | ||
| Q2 24 | $45.0M | $21.9M | ||
| Q1 24 | $56.9M | $27.2M |
| Q4 25 | $357.2M | — | ||
| Q3 25 | $338.9M | $280.6M | ||
| Q2 25 | $329.7M | $319.4M | ||
| Q1 25 | $333.4M | — | ||
| Q4 24 | $346.8M | $340.5M | ||
| Q3 24 | $282.7M | $346.3M | ||
| Q2 24 | $285.1M | $360.4M | ||
| Q1 24 | $301.8M | $368.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-162.0K | $4.3M |
| Free Cash FlowOCF − Capex | $-2.0M | $-2.8M |
| FCF MarginFCF / Revenue | -3.1% | -2.3% |
| Capex IntensityCapex / Revenue | 2.8% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | — | ||
| Q3 25 | $-11.3M | $4.3M | ||
| Q2 25 | $-18.8M | $4.0M | ||
| Q1 25 | $-20.7M | — | ||
| Q4 24 | $-20.7M | $5.8M | ||
| Q3 24 | $-12.5M | $4.7M | ||
| Q2 24 | $-14.2M | $7.0M | ||
| Q1 24 | $-11.2M | $164.0K |
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-13.1M | $-2.8M | ||
| Q2 25 | $-20.4M | $1.1M | ||
| Q1 25 | $-21.5M | — | ||
| Q4 24 | $-21.3M | $-1.3M | ||
| Q3 24 | $-13.9M | $-4.5M | ||
| Q2 24 | $-15.0M | $-1.6M | ||
| Q1 24 | $-14.5M | $-15.2M |
| Q4 25 | -3.1% | — | ||
| Q3 25 | -24.4% | -2.3% | ||
| Q2 25 | -39.7% | 0.9% | ||
| Q1 25 | -51.9% | — | ||
| Q4 24 | -47.8% | -1.1% | ||
| Q3 24 | -34.6% | -3.5% | ||
| Q2 24 | -33.9% | -1.4% | ||
| Q1 24 | -38.9% | -12.2% |
| Q4 25 | 2.8% | — | ||
| Q3 25 | 3.4% | 5.8% | ||
| Q2 25 | 3.2% | 2.4% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 1.2% | 5.8% | ||
| Q3 24 | 3.7% | 7.2% | ||
| Q2 24 | 1.8% | 7.1% | ||
| Q1 24 | 8.9% | 12.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
