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Side-by-side financial comparison of HANMI FINANCIAL CORP (HAFC) 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 $71.2M, roughly 1.7× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -7.5%, a 37.3% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs -4.1%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-2.8M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% CAGR vs -1.2%).

Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.

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.

HAFC vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.7× larger
NDLS
$122.1M
$71.2M
HAFC
Growing faster (revenue YoY)
HAFC
HAFC
+21.2% gap
HAFC
17.1%
-4.1%
NDLS
Higher net margin
HAFC
HAFC
37.3% more per $
HAFC
29.8%
-7.5%
NDLS
More free cash flow
HAFC
HAFC
$206.5M more FCF
HAFC
$203.7M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
HAFC
HAFC
Annualised
HAFC
10.4%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HAFC
HAFC
NDLS
NDLS
Revenue
$71.2M
$122.1M
Net Profit
$21.2M
$-9.2M
Gross Margin
Operating Margin
29.8%
-5.2%
Net Margin
29.8%
-7.5%
Revenue YoY
17.1%
-4.1%
Net Profit YoY
20.0%
32.8%
EPS (diluted)
$0.70
$-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
HAFC
HAFC
NDLS
NDLS
Q4 25
$71.2M
Q3 25
$71.0M
$122.1M
Q2 25
$65.2M
$123.8M
Q1 25
$62.8M
Q4 24
$60.8M
$122.8M
Q3 24
$58.5M
$127.4M
Q2 24
$56.7M
$121.4M
Q1 24
$58.4M
$124.3M
Net Profit
HAFC
HAFC
NDLS
NDLS
Q4 25
$21.2M
Q3 25
$22.1M
$-9.2M
Q2 25
$15.1M
$-9.1M
Q1 25
$17.7M
Q4 24
$17.7M
$-6.8M
Q3 24
$14.9M
$-13.6M
Q2 24
$14.5M
$-6.1M
Q1 24
$15.2M
$-6.1M
Operating Margin
HAFC
HAFC
NDLS
NDLS
Q4 25
29.8%
Q3 25
31.1%
-5.2%
Q2 25
23.2%
-5.2%
Q1 25
28.1%
Q4 24
29.1%
-3.9%
Q3 24
25.5%
-9.0%
Q2 24
25.5%
-3.4%
Q1 24
26.0%
-3.7%
Net Margin
HAFC
HAFC
NDLS
NDLS
Q4 25
29.8%
Q3 25
31.1%
-7.5%
Q2 25
23.2%
-7.3%
Q1 25
28.1%
Q4 24
29.1%
-5.5%
Q3 24
25.5%
-10.7%
Q2 24
25.5%
-5.1%
Q1 24
26.0%
-4.9%
EPS (diluted)
HAFC
HAFC
NDLS
NDLS
Q4 25
$0.70
Q3 25
$0.73
$-0.20
Q2 25
$0.50
$-0.20
Q1 25
$0.58
Q4 24
$0.58
$-0.15
Q3 24
$0.49
$-0.30
Q2 24
$0.48
$-0.14
Q1 24
$0.50
$-1.64

Balance Sheet & Financial Strength

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

Metric
HAFC
HAFC
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$796.4M
$-38.9M
Total Assets
$7.9B
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HAFC
HAFC
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
Stockholders' Equity
HAFC
HAFC
NDLS
NDLS
Q4 25
$796.4M
Q3 25
$779.5M
$-38.9M
Q2 25
$762.8M
$-13.9M
Q1 25
$751.5M
Q4 24
$732.2M
$3.7M
Q3 24
$736.7M
$9.6M
Q2 24
$707.1M
$21.9M
Q1 24
$703.1M
$27.2M
Total Assets
HAFC
HAFC
NDLS
NDLS
Q4 25
$7.9B
Q3 25
$7.9B
$280.6M
Q2 25
$7.9B
$319.4M
Q1 25
$7.7B
Q4 24
$7.7B
$340.5M
Q3 24
$7.7B
$346.3M
Q2 24
$7.6B
$360.4M
Q1 24
$7.5B
$368.1M

Cash Flow & Capital Efficiency

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

Metric
HAFC
HAFC
NDLS
NDLS
Operating Cash FlowLast quarter
$206.0M
$4.3M
Free Cash FlowOCF − Capex
$203.7M
$-2.8M
FCF MarginFCF / Revenue
286.2%
-2.3%
Capex IntensityCapex / Revenue
3.2%
5.8%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$356.1M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HAFC
HAFC
NDLS
NDLS
Q4 25
$206.0M
Q3 25
$146.9M
$4.3M
Q2 25
$-19.0M
$4.0M
Q1 25
$25.8M
Q4 24
$52.6M
$5.8M
Q3 24
$6.7M
$4.7M
Q2 24
$2.1M
$7.0M
Q1 24
$30.0M
$164.0K
Free Cash Flow
HAFC
HAFC
NDLS
NDLS
Q4 25
$203.7M
Q3 25
$146.4M
$-2.8M
Q2 25
$-19.6M
$1.1M
Q1 25
$25.6M
Q4 24
$49.9M
$-1.3M
Q3 24
$6.5M
$-4.5M
Q2 24
$1.3M
$-1.6M
Q1 24
$29.2M
$-15.2M
FCF Margin
HAFC
HAFC
NDLS
NDLS
Q4 25
286.2%
Q3 25
206.3%
-2.3%
Q2 25
-30.0%
0.9%
Q1 25
40.7%
Q4 24
82.1%
-1.1%
Q3 24
11.1%
-3.5%
Q2 24
2.3%
-1.4%
Q1 24
50.0%
-12.2%
Capex Intensity
HAFC
HAFC
NDLS
NDLS
Q4 25
3.2%
Q3 25
0.8%
5.8%
Q2 25
0.9%
2.4%
Q1 25
0.4%
Q4 24
4.3%
5.8%
Q3 24
0.4%
7.2%
Q2 24
1.4%
7.1%
Q1 24
1.4%
12.3%
Cash Conversion
HAFC
HAFC
NDLS
NDLS
Q4 25
9.70×
Q3 25
6.66×
Q2 25
-1.26×
Q1 25
1.46×
Q4 24
2.97×
Q3 24
0.45×
Q2 24
0.14×
Q1 24
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HAFC
HAFC

Segment breakdown not available.

NDLS
NDLS

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

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