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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) 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 $98.7M, roughly 1.2× GCL Global Holdings Ltd). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -7.5%, a 2.3% gap on every dollar of revenue. NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-5.2M).
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
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.
GCL vs NDLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $122.1M |
| Net Profit | $-5.1M | $-9.2M |
| Gross Margin | 11.0% | — |
| Operating Margin | -6.7% | -5.2% |
| Net Margin | -5.2% | -7.5% |
| Revenue YoY | — | -4.1% |
| Net Profit YoY | — | 32.8% |
| EPS (diluted) | $-0.04 | $-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.
| Q3 25 | $98.7M | $122.1M | ||
| Q2 25 | $142.1M | $123.8M | ||
| Q4 24 | — | $122.8M | ||
| Q3 24 | $36.1M | $127.4M | ||
| Q2 24 | — | $121.4M | ||
| Q1 24 | — | $124.3M | ||
| Q4 23 | — | $127.9M | ||
| Q3 23 | — | $125.2M |
| Q3 25 | $-5.1M | $-9.2M | ||
| Q2 25 | $5.6M | $-9.1M | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $-1.9M | $-13.6M | ||
| Q2 24 | — | $-6.1M | ||
| Q1 24 | — | $-6.1M | ||
| Q4 23 | — | $700.0K | ||
| Q3 23 | — | $-1.3M |
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q3 25 | -6.7% | -5.2% | ||
| Q2 25 | 2.3% | -5.2% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | -5.6% | -9.0% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -3.7% | ||
| Q4 23 | — | 1.6% | ||
| Q3 23 | — | -0.2% |
| Q3 25 | -5.2% | -7.5% | ||
| Q2 25 | 3.9% | -7.3% | ||
| Q4 24 | — | -5.5% | ||
| Q3 24 | -5.2% | -10.7% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | — | -4.9% | ||
| Q4 23 | — | 0.5% | ||
| Q3 23 | — | -1.0% |
| Q3 25 | $-0.04 | $-0.20 | ||
| Q2 25 | $0.05 | $-0.20 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.30 | ||
| Q2 24 | — | $-0.14 | ||
| Q1 24 | — | $-1.64 | ||
| Q4 23 | — | $0.02 | ||
| Q3 23 | — | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.6M | $4.7M |
| Total DebtLower is stronger | $52.0M | — |
| Stockholders' EquityBook value | $33.1M | $-38.9M |
| Total Assets | $159.9M | $280.6M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $16.6M | $4.7M | ||
| Q2 25 | $18.2M | $1.4M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | $2.7M | $1.8M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.0M | ||
| Q4 23 | — | $2.5M | ||
| Q3 23 | — | $3.1M |
| Q3 25 | $52.0M | — | ||
| Q2 25 | $11.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q3 25 | $33.1M | $-38.9M | ||
| Q2 25 | $35.9M | $-13.9M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | $15.9M | $9.6M | ||
| Q2 24 | — | $21.9M | ||
| Q1 24 | — | $27.2M | ||
| Q4 23 | — | $32.5M | ||
| Q3 23 | — | $36.1M |
| Q3 25 | $159.9M | $280.6M | ||
| Q2 25 | $101.6M | $319.4M | ||
| Q4 24 | — | $340.5M | ||
| Q3 24 | $49.6M | $346.3M | ||
| Q2 24 | — | $360.4M | ||
| Q1 24 | — | $368.1M | ||
| Q4 23 | — | $368.8M | ||
| Q3 23 | — | $357.6M |
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
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 | $-4.8M | $4.3M |
| Free Cash FlowOCF − Capex | $-5.2M | $-2.8M |
| FCF MarginFCF / Revenue | -5.3% | -2.3% |
| Capex IntensityCapex / Revenue | 0.4% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-4.8M | $4.3M | ||
| Q2 25 | $-10.3M | $4.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $6.1M | $4.7M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | — | $164.0K | ||
| Q4 23 | — | $16.9M | ||
| Q3 23 | — | $3.2M |
| Q3 25 | $-5.2M | $-2.8M | ||
| Q2 25 | $-10.5M | $1.1M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-15.2M | ||
| Q4 23 | — | $4.1M | ||
| Q3 23 | — | $-10.3M |
| Q3 25 | -5.3% | -2.3% | ||
| Q2 25 | -7.4% | 0.9% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -12.2% | ||
| Q4 23 | — | 3.2% | ||
| Q3 23 | — | -8.2% |
| Q3 25 | 0.4% | 5.8% | ||
| Q2 25 | 0.1% | 2.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 12.3% | ||
| Q4 23 | — | 10.0% | ||
| Q3 23 | — | 10.8% |
| Q3 25 | — | — | ||
| Q2 25 | -1.84× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 24.21× | ||
| Q3 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GCL
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
