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Side-by-side financial comparison of FB Financial Corp (FBK) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
FB Financial Corp is the larger business by last-quarter revenue ($178.6M vs $122.1M, roughly 1.5× NOODLES & Co). FB Financial Corp runs the higher net margin — 31.9% vs -7.5%, a 39.4% gap on every dollar of revenue. On growth, FB Financial Corp posted the faster year-over-year revenue change (37.0% vs -4.1%). FB Financial Corp produced more free cash flow last quarter ($147.0M vs $-2.8M). Over the past eight quarters, FB Financial Corp's revenue compounded faster (28.9% CAGR vs -1.2%).
Fubon Financial Holding Co., Ltd. is a financial investment holding company consists of the following key subsidiaries: Fubon Asset Management, Fubon Insurance Co. Ltd., Fubon Securities, Fubon Bank, Fubon Life, Fubon Bank (China) and Fubon Bank Limited. The holding company was setup on 19 December 2001.
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.
FBK vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $178.6M | $122.1M |
| Net Profit | $57.0M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 39.1% | -5.2% |
| Net Margin | 31.9% | -7.5% |
| Revenue YoY | 37.0% | -4.1% |
| Net Profit YoY | 50.4% | 32.8% |
| EPS (diluted) | $1.12 | $-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 | $178.6M | — | ||
| Q3 25 | $173.9M | $122.1M | ||
| Q2 25 | $76.9M | $123.8M | ||
| Q1 25 | $130.7M | — | ||
| Q4 24 | $130.4M | $122.8M | ||
| Q3 24 | $89.5M | $127.4M | ||
| Q2 24 | $128.2M | $121.4M | ||
| Q1 24 | $107.5M | $124.3M |
| Q4 25 | $57.0M | — | ||
| Q3 25 | $23.4M | $-9.2M | ||
| Q2 25 | $2.9M | $-9.1M | ||
| Q1 25 | $39.4M | — | ||
| Q4 24 | $37.9M | $-6.8M | ||
| Q3 24 | $10.2M | $-13.6M | ||
| Q2 24 | $40.0M | $-6.1M | ||
| Q1 24 | $27.9M | $-6.1M |
| Q4 25 | 39.1% | — | ||
| Q3 25 | 17.0% | -5.2% | ||
| Q2 25 | -12.7% | -5.2% | ||
| Q1 25 | 37.4% | — | ||
| Q4 24 | 38.4% | -3.9% | ||
| Q3 24 | 12.7% | -9.0% | ||
| Q2 24 | 39.7% | -3.4% | ||
| Q1 24 | 31.9% | -3.7% |
| Q4 25 | 31.9% | — | ||
| Q3 25 | 13.4% | -7.5% | ||
| Q2 25 | 3.8% | -7.3% | ||
| Q1 25 | 30.1% | — | ||
| Q4 24 | 29.1% | -5.5% | ||
| Q3 24 | 11.4% | -10.7% | ||
| Q2 24 | 31.2% | -5.1% | ||
| Q1 24 | 26.0% | -4.9% |
| Q4 25 | $1.12 | — | ||
| Q3 25 | $0.43 | $-0.20 | ||
| Q2 25 | $0.06 | $-0.20 | ||
| Q1 25 | $0.84 | — | ||
| Q4 24 | $0.82 | $-0.15 | ||
| Q3 24 | $0.22 | $-0.30 | ||
| Q2 24 | $0.85 | $-0.14 | ||
| Q1 24 | $0.59 | $-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 | $1.2B | $4.7M |
| Total DebtLower is stronger | $212.8M | — |
| Stockholders' EquityBook value | $1.9B | $-38.9M |
| Total Assets | $16.3B | $280.6M |
| Debt / EquityLower = less leverage | 0.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $4.7M | ||
| Q2 25 | $1.2B | $1.4M | ||
| Q1 25 | $794.7M | — | ||
| Q4 24 | $1.0B | $3.3M | ||
| Q3 24 | $951.8M | $1.8M | ||
| Q2 24 | $800.9M | $1.3M | ||
| Q1 24 | $870.7M | $3.0M |
| Q4 25 | $212.8M | — | ||
| Q3 25 | $213.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $176.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | $-38.9M | ||
| Q2 25 | $1.6B | $-13.9M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $3.7M | ||
| Q3 24 | $1.6B | $9.6M | ||
| Q2 24 | $1.5B | $21.9M | ||
| Q1 24 | $1.5B | $27.2M |
| Q4 25 | $16.3B | — | ||
| Q3 25 | $16.2B | $280.6M | ||
| Q2 25 | $13.4B | $319.4M | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $13.2B | $340.5M | ||
| Q3 24 | $12.9B | $346.3M | ||
| Q2 24 | $12.5B | $360.4M | ||
| Q1 24 | $12.5B | $368.1M |
| Q4 25 | 0.11× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.11× | — | ||
| 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 | $155.9M | $4.3M |
| Free Cash FlowOCF − Capex | $147.0M | $-2.8M |
| FCF MarginFCF / Revenue | 82.3% | -2.3% |
| Capex IntensityCapex / Revenue | 5.0% | 5.8% |
| Cash ConversionOCF / Net Profit | 2.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $242.8M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.9M | — | ||
| Q3 25 | $47.7M | $4.3M | ||
| Q2 25 | $71.8M | $4.0M | ||
| Q1 25 | $-16.5M | — | ||
| Q4 24 | $138.8M | $5.8M | ||
| Q3 24 | $57.8M | $4.7M | ||
| Q2 24 | $30.6M | $7.0M | ||
| Q1 24 | $36.3M | $164.0K |
| Q4 25 | $147.0M | — | ||
| Q3 25 | $45.6M | $-2.8M | ||
| Q2 25 | $68.4M | $1.1M | ||
| Q1 25 | $-18.1M | — | ||
| Q4 24 | $132.3M | $-1.3M | ||
| Q3 24 | $56.7M | $-4.5M | ||
| Q2 24 | $28.4M | $-1.6M | ||
| Q1 24 | $34.6M | $-15.2M |
| Q4 25 | 82.3% | — | ||
| Q3 25 | 26.2% | -2.3% | ||
| Q2 25 | 89.0% | 0.9% | ||
| Q1 25 | -13.9% | — | ||
| Q4 24 | 101.4% | -1.1% | ||
| Q3 24 | 63.3% | -3.5% | ||
| Q2 24 | 22.1% | -1.4% | ||
| Q1 24 | 32.2% | -12.2% |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.2% | 5.8% | ||
| Q2 25 | 4.4% | 2.4% | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 5.0% | 5.8% | ||
| Q3 24 | 1.2% | 7.2% | ||
| Q2 24 | 1.7% | 7.1% | ||
| Q1 24 | 1.5% | 12.3% |
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.04× | — | ||
| Q2 25 | 24.68× | — | ||
| Q1 25 | -0.42× | — | ||
| Q4 24 | 3.66× | — | ||
| Q3 24 | 5.65× | — | ||
| Q2 24 | 0.77× | — | ||
| Q1 24 | 1.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBK
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
