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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) 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 $120.4M, roughly 1.0× Hippo Holdings Inc.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -7.5%, a 12.5% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -4.1%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-2.8M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -1.2%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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.

HIPO vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.0× larger
NDLS
$122.1M
$120.4M
HIPO
Growing faster (revenue YoY)
HIPO
HIPO
+22.3% gap
HIPO
18.2%
-4.1%
NDLS
Higher net margin
HIPO
HIPO
12.5% more per $
HIPO
5.0%
-7.5%
NDLS
More free cash flow
HIPO
HIPO
$11.9M more FCF
HIPO
$9.1M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HIPO
HIPO
NDLS
NDLS
Revenue
$120.4M
$122.1M
Net Profit
$6.0M
$-9.2M
Gross Margin
Operating Margin
5.6%
-5.2%
Net Margin
5.0%
-7.5%
Revenue YoY
18.2%
-4.1%
Net Profit YoY
-86.4%
32.8%
EPS (diluted)
$0.31
$-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
HIPO
HIPO
NDLS
NDLS
Q4 25
$120.4M
Q3 25
$120.6M
$122.1M
Q2 25
$117.3M
$123.8M
Q1 25
$110.3M
Q4 24
$101.9M
$122.8M
Q3 24
$95.5M
$127.4M
Q2 24
$89.6M
$121.4M
Q1 24
$85.1M
$124.3M
Net Profit
HIPO
HIPO
NDLS
NDLS
Q4 25
$6.0M
Q3 25
$98.1M
$-9.2M
Q2 25
$1.3M
$-9.1M
Q1 25
$-47.7M
Q4 24
$44.2M
$-6.8M
Q3 24
$-8.5M
$-13.6M
Q2 24
$-40.5M
$-6.1M
Q1 24
$-35.7M
$-6.1M
Operating Margin
HIPO
HIPO
NDLS
NDLS
Q4 25
5.6%
Q3 25
81.3%
-5.2%
Q2 25
3.4%
-5.2%
Q1 25
-41.3%
Q4 24
46.3%
-3.9%
Q3 24
-5.4%
-9.0%
Q2 24
-40.7%
-3.4%
Q1 24
-38.7%
-3.7%
Net Margin
HIPO
HIPO
NDLS
NDLS
Q4 25
5.0%
Q3 25
81.3%
-7.5%
Q2 25
1.1%
-7.3%
Q1 25
-43.2%
Q4 24
43.4%
-5.5%
Q3 24
-8.9%
-10.7%
Q2 24
-45.2%
-5.1%
Q1 24
-42.0%
-4.9%
EPS (diluted)
HIPO
HIPO
NDLS
NDLS
Q4 25
$0.31
Q3 25
$3.77
$-0.20
Q2 25
$0.05
$-0.20
Q1 25
$-1.91
Q4 24
$1.81
$-0.15
Q3 24
$-0.34
$-0.30
Q2 24
$-1.64
$-0.14
Q1 24
$-1.47
$-1.64

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$218.3M
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
$-38.9M
Total Assets
$1.9B
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
NDLS
NDLS
Q4 25
$218.3M
Q3 25
$247.7M
$4.7M
Q2 25
$198.9M
$1.4M
Q1 25
$140.9M
Q4 24
$197.6M
$3.3M
Q3 24
$191.2M
$1.8M
Q2 24
$175.9M
$1.3M
Q1 24
$223.4M
$3.0M
Stockholders' Equity
HIPO
HIPO
NDLS
NDLS
Q4 25
$436.1M
Q3 25
$421.5M
$-38.9M
Q2 25
$332.5M
$-13.9M
Q1 25
$322.8M
Q4 24
$362.1M
$3.7M
Q3 24
$326.4M
$9.6M
Q2 24
$322.6M
$21.9M
Q1 24
$351.2M
$27.2M
Total Assets
HIPO
HIPO
NDLS
NDLS
Q4 25
$1.9B
Q3 25
$1.9B
$280.6M
Q2 25
$1.7B
$319.4M
Q1 25
$1.5B
Q4 24
$1.5B
$340.5M
Q3 24
$1.5B
$346.3M
Q2 24
$1.5B
$360.4M
Q1 24
$1.5B
$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
HIPO
HIPO
NDLS
NDLS
Operating Cash FlowLast quarter
$9.2M
$4.3M
Free Cash FlowOCF − Capex
$9.1M
$-2.8M
FCF MarginFCF / Revenue
7.6%
-2.3%
Capex IntensityCapex / Revenue
0.1%
5.8%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
NDLS
NDLS
Q4 25
$9.2M
Q3 25
$16.9M
$4.3M
Q2 25
$24.7M
$4.0M
Q1 25
$-35.6M
Q4 24
$47.5M
$5.8M
Q3 24
$46.8M
$4.7M
Q2 24
$-10.6M
$7.0M
Q1 24
$17.7M
$164.0K
Free Cash Flow
HIPO
HIPO
NDLS
NDLS
Q4 25
$9.1M
Q3 25
$16.8M
$-2.8M
Q2 25
$24.6M
$1.1M
Q1 25
$-35.7M
Q4 24
$47.2M
$-1.3M
Q3 24
$-4.5M
Q2 24
$-10.7M
$-1.6M
Q1 24
$17.6M
$-15.2M
FCF Margin
HIPO
HIPO
NDLS
NDLS
Q4 25
7.6%
Q3 25
13.9%
-2.3%
Q2 25
21.0%
0.9%
Q1 25
-32.4%
Q4 24
46.3%
-1.1%
Q3 24
-3.5%
Q2 24
-11.9%
-1.4%
Q1 24
20.7%
-12.2%
Capex Intensity
HIPO
HIPO
NDLS
NDLS
Q4 25
0.1%
Q3 25
0.1%
5.8%
Q2 25
0.1%
2.4%
Q1 25
0.1%
Q4 24
0.3%
5.8%
Q3 24
0.0%
7.2%
Q2 24
0.1%
7.1%
Q1 24
0.1%
12.3%
Cash Conversion
HIPO
HIPO
NDLS
NDLS
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIPO
HIPO

Segment breakdown not available.

NDLS
NDLS

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

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