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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) 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 $78.2M, roughly 1.6× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -7.5%, a 46.3% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -4.1%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -1.2%).
Four Corners Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns, and manages a portfolio of high-quality net-leased commercial properties. Its assets are primarily restaurant and retail locations across the United States, with tenants largely operating in stable consumer-facing industry segments with proven operational performance.
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.
FCPT vs NDLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $122.1M |
| Net Profit | $30.4M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | -5.2% |
| Net Margin | 38.8% | -7.5% |
| Revenue YoY | 9.4% | -4.1% |
| Net Profit YoY | 16.0% | 32.8% |
| EPS (diluted) | $0.28 | $-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.
| Q1 26 | $78.2M | — | ||
| Q4 25 | $75.7M | — | ||
| Q3 25 | $74.1M | $122.1M | ||
| Q2 25 | $72.8M | $123.8M | ||
| Q1 25 | $71.5M | — | ||
| Q4 24 | $68.3M | $122.8M | ||
| Q3 24 | $66.8M | $127.4M | ||
| Q2 24 | $66.5M | $121.4M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | — | ||
| Q3 25 | $28.8M | $-9.2M | ||
| Q2 25 | $27.9M | $-9.1M | ||
| Q1 25 | $26.2M | — | ||
| Q4 24 | $26.2M | $-6.8M | ||
| Q3 24 | $25.6M | $-13.6M | ||
| Q2 24 | $24.7M | $-6.1M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -5.2% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | -9.0% | ||
| Q2 24 | — | -3.4% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | — | ||
| Q3 25 | 38.9% | -7.5% | ||
| Q2 25 | 38.3% | -7.3% | ||
| Q1 25 | 36.6% | — | ||
| Q4 24 | 38.3% | -5.5% | ||
| Q3 24 | 38.3% | -10.7% | ||
| Q2 24 | 37.1% | -5.1% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.28 | $-0.20 | ||
| Q2 25 | $0.28 | $-0.20 | ||
| Q1 25 | $0.26 | — | ||
| Q4 24 | $0.27 | $-0.15 | ||
| Q3 24 | $0.27 | $-0.30 | ||
| Q2 24 | $0.27 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.6M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $-38.9M |
| Total Assets | $3.0B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | — | ||
| Q3 25 | $6.7M | $4.7M | ||
| Q2 25 | $6.0M | $1.4M | ||
| Q1 25 | $22.3M | — | ||
| Q4 24 | $4.1M | $3.3M | ||
| Q3 24 | $44.5M | $1.8M | ||
| Q2 24 | $17.2M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $-38.9M | ||
| Q2 25 | $1.5B | $-13.9M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | $3.7M | ||
| Q3 24 | $1.4B | $9.6M | ||
| Q2 24 | $1.3B | $21.9M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $280.6M | ||
| Q2 25 | $2.8B | $319.4M | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $340.5M | ||
| Q3 24 | $2.6B | $346.3M | ||
| Q2 24 | $2.5B | $360.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 0.84× | — | ||
| Q2 24 | 0.92× | — |
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 | — | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | — | ||
| Q3 25 | $48.9M | $4.3M | ||
| Q2 25 | $43.8M | $4.0M | ||
| Q1 25 | $51.6M | — | ||
| Q4 24 | $144.1M | $5.8M | ||
| Q3 24 | $43.4M | $4.7M | ||
| Q2 24 | $39.7M | $7.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | — | $-1.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | -1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.51× | — | ||
| Q3 24 | 1.70× | — | ||
| Q2 24 | 1.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCPT
| Rental revenue | $69.8M | 89% |
| Restaurant revenue | $8.4M | 11% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
