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Side-by-side financial comparison of Heritage Insurance Holdings, Inc. (HRTG) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
Heritage Insurance Holdings, Inc. is the larger business by last-quarter revenue ($215.3M vs $122.1M, roughly 1.8× NOODLES & Co). Heritage Insurance Holdings, Inc. runs the higher net margin — 31.0% vs -7.5%, a 38.5% gap on every dollar of revenue. On growth, Heritage Insurance Holdings, Inc. posted the faster year-over-year revenue change (2.4% vs -4.1%). Heritage Insurance Holdings, Inc. produced more free cash flow last quarter ($174.2M vs $-2.8M). Over the past eight quarters, Heritage Insurance Holdings, Inc.'s revenue compounded faster (6.1% CAGR vs -1.2%).
United Property & Casualty Insurance Company, Inc. is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’, and flood insurance policies in several coastal states.
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.
HRTG vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $215.3M | $122.1M |
| Net Profit | $66.7M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 41.6% | -5.2% |
| Net Margin | 31.0% | -7.5% |
| Revenue YoY | 2.4% | -4.1% |
| Net Profit YoY | 228.6% | 32.8% |
| EPS (diluted) | $2.15 | $-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 | $215.3M | — | ||
| Q3 25 | $212.5M | $122.1M | ||
| Q2 25 | $208.0M | $123.8M | ||
| Q1 25 | $211.5M | — | ||
| Q4 24 | $210.3M | $122.8M | ||
| Q3 24 | $211.8M | $127.4M | ||
| Q2 24 | $203.6M | $121.4M | ||
| Q1 24 | $191.3M | $124.3M |
| Q4 25 | $66.7M | — | ||
| Q3 25 | $50.4M | $-9.2M | ||
| Q2 25 | $48.0M | $-9.1M | ||
| Q1 25 | $30.5M | — | ||
| Q4 24 | $20.3M | $-6.8M | ||
| Q3 24 | $8.2M | $-13.6M | ||
| Q2 24 | $18.9M | $-6.1M | ||
| Q1 24 | $14.2M | $-6.1M |
| Q4 25 | 41.6% | — | ||
| Q3 25 | 33.0% | -5.2% | ||
| Q2 25 | 31.2% | -5.2% | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | 15.0% | -3.9% | ||
| Q3 24 | 5.5% | -9.0% | ||
| Q2 24 | 13.6% | -3.4% | ||
| Q1 24 | 11.9% | -3.7% |
| Q4 25 | 31.0% | — | ||
| Q3 25 | 23.7% | -7.5% | ||
| Q2 25 | 23.1% | -7.3% | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 9.7% | -5.5% | ||
| Q3 24 | 3.8% | -10.7% | ||
| Q2 24 | 9.3% | -5.1% | ||
| Q1 24 | 7.4% | -4.9% |
| Q4 25 | $2.15 | — | ||
| Q3 25 | $1.63 | $-0.20 | ||
| Q2 25 | $1.55 | $-0.20 | ||
| Q1 25 | $0.99 | — | ||
| Q4 24 | $0.66 | $-0.15 | ||
| Q3 24 | $0.27 | $-0.30 | ||
| Q2 24 | $0.61 | $-0.14 | ||
| Q1 24 | $0.47 | $-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 | $559.3M | $4.7M |
| Total DebtLower is stronger | $78.4M | — |
| Stockholders' EquityBook value | $505.3M | $-38.9M |
| Total Assets | $2.2B | $280.6M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $559.3M | — | ||
| Q3 25 | $560.4M | $4.7M | ||
| Q2 25 | $473.5M | $1.4M | ||
| Q1 25 | $425.9M | — | ||
| Q4 24 | $452.7M | $3.3M | ||
| Q3 24 | $509.9M | $1.8M | ||
| Q2 24 | $480.9M | $1.3M | ||
| Q1 24 | $386.1M | $3.0M |
| Q4 25 | $78.4M | — | ||
| Q3 25 | $79.3M | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | $94.8M | — | ||
| Q4 24 | $116.3M | — | ||
| Q3 24 | $118.6M | — | ||
| Q2 24 | $120.8M | — | ||
| Q1 24 | $123.0M | — |
| Q4 25 | $505.3M | — | ||
| Q3 25 | $437.3M | $-38.9M | ||
| Q2 25 | $383.3M | $-13.9M | ||
| Q1 25 | $329.0M | — | ||
| Q4 24 | $290.8M | $3.7M | ||
| Q3 24 | $279.3M | $9.6M | ||
| Q2 24 | $255.3M | $21.9M | ||
| Q1 24 | $234.9M | $27.2M |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.4B | $280.6M | ||
| Q2 25 | $2.5B | $319.4M | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.5B | $340.5M | ||
| Q3 24 | $2.4B | $346.3M | ||
| Q2 24 | $2.6B | $360.4M | ||
| Q1 24 | $2.1B | $368.1M |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.52× | — |
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 | $182.2M | $4.3M |
| Free Cash FlowOCF − Capex | $174.2M | $-2.8M |
| FCF MarginFCF / Revenue | 80.9% | -2.3% |
| Capex IntensityCapex / Revenue | 3.7% | 5.8% |
| Cash ConversionOCF / Net Profit | 2.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | $337.4M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $182.2M | — | ||
| Q3 25 | $124.3M | $4.3M | ||
| Q2 25 | $43.3M | $4.0M | ||
| Q1 25 | $837.0K | — | ||
| Q4 24 | $87.1M | $5.8M | ||
| Q3 24 | $-13.4M | $4.7M | ||
| Q2 24 | $152.2M | $7.0M | ||
| Q1 24 | $4.3M | $164.0K |
| Q4 25 | $174.2M | — | ||
| Q3 25 | $122.7M | $-2.8M | ||
| Q2 25 | $41.8M | $1.1M | ||
| Q1 25 | $-1.3M | — | ||
| Q4 24 | $78.9M | $-1.3M | ||
| Q3 24 | $-16.3M | $-4.5M | ||
| Q2 24 | $149.8M | $-1.6M | ||
| Q1 24 | $4.1M | $-15.2M |
| Q4 25 | 80.9% | — | ||
| Q3 25 | 57.8% | -2.3% | ||
| Q2 25 | 20.1% | 0.9% | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | 37.5% | -1.1% | ||
| Q3 24 | -7.7% | -3.5% | ||
| Q2 24 | 73.6% | -1.4% | ||
| Q1 24 | 2.1% | -12.2% |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 0.7% | 5.8% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 3.9% | 5.8% | ||
| Q3 24 | 1.4% | 7.2% | ||
| Q2 24 | 1.2% | 7.1% | ||
| Q1 24 | 0.1% | 12.3% |
| Q4 25 | 2.73× | — | ||
| Q3 25 | 2.47× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 4.29× | — | ||
| Q3 24 | -1.64× | — | ||
| Q2 24 | 8.07× | — | ||
| Q1 24 | 0.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HRTG
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
