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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $105.5M, roughly 1.2× Granite Ridge Resources, Inc.). On growth, Granite Ridge Resources, Inc. posted the faster year-over-year revenue change (-0.8% vs -4.1%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs -1.2%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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.
GRNT vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $122.1M |
| Net Profit | — | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | -34.5% | -5.2% |
| Net Margin | — | -7.5% |
| Revenue YoY | -0.8% | -4.1% |
| Net Profit YoY | — | 32.8% |
| EPS (diluted) | $-0.19 | $-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 | $105.5M | — | ||
| Q3 25 | $112.7M | $122.1M | ||
| Q2 25 | $109.2M | $123.8M | ||
| Q1 25 | $122.9M | — | ||
| Q4 24 | $106.3M | $122.8M | ||
| Q3 24 | $94.1M | $127.4M | ||
| Q2 24 | $90.7M | $121.4M | ||
| Q1 24 | $89.0M | $124.3M |
| Q4 25 | — | — | ||
| Q3 25 | $14.5M | $-9.2M | ||
| Q2 25 | $25.1M | $-9.1M | ||
| Q1 25 | $9.8M | — | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $9.1M | $-13.6M | ||
| Q2 24 | $5.1M | $-6.1M | ||
| Q1 24 | $16.2M | $-6.1M |
| Q4 25 | -34.5% | — | ||
| Q3 25 | 17.4% | -5.2% | ||
| Q2 25 | 19.0% | -5.2% | ||
| Q1 25 | 34.6% | — | ||
| Q4 24 | -6.5% | -3.9% | ||
| Q3 24 | 26.2% | -9.0% | ||
| Q2 24 | 24.1% | -3.4% | ||
| Q1 24 | 22.0% | -3.7% |
| Q4 25 | — | — | ||
| Q3 25 | 12.9% | -7.5% | ||
| Q2 25 | 23.0% | -7.3% | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | — | -5.5% | ||
| Q3 24 | 9.6% | -10.7% | ||
| Q2 24 | 5.6% | -5.1% | ||
| Q1 24 | 18.2% | -4.9% |
| Q4 25 | $-0.19 | — | ||
| Q3 25 | $0.11 | $-0.20 | ||
| Q2 25 | $0.19 | $-0.20 | ||
| Q1 25 | $0.07 | — | ||
| Q4 24 | $-0.09 | $-0.15 | ||
| Q3 24 | $0.07 | $-0.30 | ||
| Q2 24 | $0.04 | $-0.14 | ||
| Q1 24 | $0.12 | $-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 | — | $4.7M |
| Total DebtLower is stronger | $367.8M | — |
| Stockholders' EquityBook value | $605.8M | $-38.9M |
| Total Assets | $1.2B | $280.6M |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| Q4 25 | $367.8M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $205.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $137.5M | — |
| Q4 25 | $605.8M | — | ||
| Q3 25 | $643.9M | $-38.9M | ||
| Q2 25 | $642.5M | $-13.9M | ||
| Q1 25 | $631.4M | — | ||
| Q4 24 | $635.4M | $3.7M | ||
| Q3 24 | $660.6M | $9.6M | ||
| Q2 24 | $665.3M | $21.9M | ||
| Q1 24 | $674.0M | $27.2M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | $280.6M | ||
| Q2 25 | $1.1B | $319.4M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | $340.5M | ||
| Q3 24 | $1.0B | $346.3M | ||
| Q2 24 | $990.5M | $360.4M | ||
| Q1 24 | $966.7M | $368.1M |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.20× | — |
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 | $64.5M | $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.
| Q4 25 | $64.5M | — | ||
| Q3 25 | $77.8M | $4.3M | ||
| Q2 25 | $78.0M | $4.0M | ||
| Q1 25 | $76.1M | — | ||
| Q4 24 | $68.2M | $5.8M | ||
| Q3 24 | $74.7M | $4.7M | ||
| Q2 24 | $64.2M | $7.0M | ||
| Q1 24 | $68.7M | $164.0K |
| 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 24 | — | $-15.2M |
| 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 24 | — | -12.2% |
| 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 24 | — | 12.3% |
| Q4 25 | — | — | ||
| Q3 25 | 5.36× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | — | ||
| Q1 24 | 4.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
