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Side-by-side financial comparison of FARMERS NATIONAL BANC CORP (FMNB) 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 $71.5M, roughly 1.7× FARMERS NATIONAL BANC CORP). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs -7.5%, a 28.0% gap on every dollar of revenue. On growth, FARMERS NATIONAL BANC CORP posted the faster year-over-year revenue change (3.2% vs -4.1%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $-2.8M). Over the past eight quarters, FARMERS NATIONAL BANC CORP's revenue compounded faster (6.2% CAGR vs -1.2%).

Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.

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.

FMNB vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.7× larger
NDLS
$122.1M
$71.5M
FMNB
Growing faster (revenue YoY)
FMNB
FMNB
+7.3% gap
FMNB
3.2%
-4.1%
NDLS
Higher net margin
FMNB
FMNB
28.0% more per $
FMNB
20.5%
-7.5%
NDLS
More free cash flow
FMNB
FMNB
$55.0M more FCF
FMNB
$52.2M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
FMNB
FMNB
Annualised
FMNB
6.2%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FMNB
FMNB
NDLS
NDLS
Revenue
$71.5M
$122.1M
Net Profit
$14.6M
$-9.2M
Gross Margin
Operating Margin
24.8%
-5.2%
Net Margin
20.5%
-7.5%
Revenue YoY
3.2%
-4.1%
Net Profit YoY
1.7%
32.8%
EPS (diluted)
$0.39
$-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.

Revenue
FMNB
FMNB
NDLS
NDLS
Q4 25
$71.5M
Q3 25
$70.8M
$122.1M
Q2 25
$69.8M
$123.8M
Q1 25
$67.8M
Q4 24
$69.3M
$122.8M
Q3 24
$70.3M
$127.4M
Q2 24
$66.5M
$121.4M
Q1 24
$63.4M
$124.3M
Net Profit
FMNB
FMNB
NDLS
NDLS
Q4 25
$14.6M
Q3 25
$12.5M
$-9.2M
Q2 25
$13.9M
$-9.1M
Q1 25
$13.6M
Q4 24
$14.4M
$-6.8M
Q3 24
$8.5M
$-13.6M
Q2 24
$11.8M
$-6.1M
Q1 24
$11.2M
$-6.1M
Operating Margin
FMNB
FMNB
NDLS
NDLS
Q4 25
24.8%
Q3 25
20.7%
-5.2%
Q2 25
23.4%
-5.2%
Q1 25
24.1%
Q4 24
25.5%
-3.9%
Q3 24
14.4%
-9.0%
Q2 24
21.3%
-3.4%
Q1 24
21.2%
-3.7%
Net Margin
FMNB
FMNB
NDLS
NDLS
Q4 25
20.5%
Q3 25
17.6%
-7.5%
Q2 25
19.9%
-7.3%
Q1 25
20.0%
Q4 24
20.8%
-5.5%
Q3 24
12.1%
-10.7%
Q2 24
17.7%
-5.1%
Q1 24
17.7%
-4.9%
EPS (diluted)
FMNB
FMNB
NDLS
NDLS
Q4 25
$0.39
Q3 25
$0.33
$-0.20
Q2 25
$0.37
$-0.20
Q1 25
$0.36
Q4 24
$0.38
$-0.15
Q3 24
$0.23
$-0.30
Q2 24
$0.31
$-0.14
Q1 24
$0.30
$-1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FMNB
FMNB
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$4.7M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$485.7M
$-38.9M
Total Assets
$5.2B
$280.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMNB
FMNB
NDLS
NDLS
Q4 25
Q3 25
$4.7M
Q2 25
$1.4M
Q1 25
Q4 24
$3.3M
Q3 24
$1.8M
Q2 24
$1.3M
Q1 24
$3.0M
Total Debt
FMNB
FMNB
NDLS
NDLS
Q4 25
$86.7M
Q3 25
$86.6M
Q2 25
$86.4M
Q1 25
$86.3M
Q4 24
$86.2M
Q3 24
$86.0M
Q2 24
$88.9M
Q1 24
$88.8M
Stockholders' Equity
FMNB
FMNB
NDLS
NDLS
Q4 25
$485.7M
Q3 25
$465.9M
$-38.9M
Q2 25
$437.7M
$-13.9M
Q1 25
$429.1M
Q4 24
$406.0M
$3.7M
Q3 24
$439.7M
$9.6M
Q2 24
$396.7M
$21.9M
Q1 24
$397.0M
$27.2M
Total Assets
FMNB
FMNB
NDLS
NDLS
Q4 25
$5.2B
Q3 25
$5.2B
$280.6M
Q2 25
$5.2B
$319.4M
Q1 25
$5.2B
Q4 24
$5.1B
$340.5M
Q3 24
$5.2B
$346.3M
Q2 24
$5.2B
$360.4M
Q1 24
$5.1B
$368.1M
Debt / Equity
FMNB
FMNB
NDLS
NDLS
Q4 25
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
0.21×
Q3 24
0.20×
Q2 24
0.22×
Q1 24
0.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FMNB
FMNB
NDLS
NDLS
Operating Cash FlowLast quarter
$60.0M
$4.3M
Free Cash FlowOCF − Capex
$52.2M
$-2.8M
FCF MarginFCF / Revenue
73.0%
-2.3%
Capex IntensityCapex / Revenue
11.0%
5.8%
Cash ConversionOCF / Net Profit
4.10×
TTM Free Cash FlowTrailing 4 quarters
$85.8M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMNB
FMNB
NDLS
NDLS
Q4 25
$60.0M
Q3 25
$10.7M
$4.3M
Q2 25
$14.0M
$4.0M
Q1 25
$15.7M
Q4 24
$66.6M
$5.8M
Q3 24
$23.9M
$4.7M
Q2 24
$16.6M
$7.0M
Q1 24
$13.7M
$164.0K
Free Cash Flow
FMNB
FMNB
NDLS
NDLS
Q4 25
$52.2M
Q3 25
$9.0M
$-2.8M
Q2 25
$12.4M
$1.1M
Q1 25
$12.2M
Q4 24
$54.9M
$-1.3M
Q3 24
$20.4M
$-4.5M
Q2 24
$14.4M
$-1.6M
Q1 24
$12.2M
$-15.2M
FCF Margin
FMNB
FMNB
NDLS
NDLS
Q4 25
73.0%
Q3 25
12.8%
-2.3%
Q2 25
17.8%
0.9%
Q1 25
18.0%
Q4 24
79.2%
-1.1%
Q3 24
29.1%
-3.5%
Q2 24
21.6%
-1.4%
Q1 24
19.2%
-12.2%
Capex Intensity
FMNB
FMNB
NDLS
NDLS
Q4 25
11.0%
Q3 25
2.4%
5.8%
Q2 25
2.3%
2.4%
Q1 25
5.2%
Q4 24
16.9%
5.8%
Q3 24
4.9%
7.2%
Q2 24
3.3%
7.1%
Q1 24
2.4%
12.3%
Cash Conversion
FMNB
FMNB
NDLS
NDLS
Q4 25
4.10×
Q3 25
0.86×
Q2 25
1.01×
Q1 25
1.15×
Q4 24
4.63×
Q3 24
2.80×
Q2 24
1.41×
Q1 24
1.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FMNB
FMNB

Segment breakdown not available.

NDLS
NDLS

Food And Beverage$119.6M98%
Franchise$2.5M2%

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