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Side-by-side financial comparison of Summit Hotel Properties, Inc. (INN) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

Summit Hotel Properties, Inc. is the larger business by last-quarter revenue ($175.0M vs $122.1M, roughly 1.4× NOODLES & Co). Summit Hotel Properties, Inc. runs the higher net margin — -1.5% vs -7.5%, a 6.0% gap on every dollar of revenue. On growth, Summit Hotel Properties, Inc. posted the faster year-over-year revenue change (1.2% vs -4.1%). Summit Hotel Properties, Inc. produced more free cash flow last quarter ($73.6M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -3.6%).

The Ritz-Carlton Hotel Company, LLC is an American multinational company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 108 luxury hotels and resorts in 30 countries and territories with 29,158 rooms, in addition to 46 hotels with 8,755 rooms planned for the future.

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.

INN vs NDLS — Head-to-Head

Bigger by revenue
INN
INN
1.4× larger
INN
$175.0M
$122.1M
NDLS
Growing faster (revenue YoY)
INN
INN
+5.3% gap
INN
1.2%
-4.1%
NDLS
Higher net margin
INN
INN
6.0% more per $
INN
-1.5%
-7.5%
NDLS
More free cash flow
INN
INN
$76.4M more FCF
INN
$73.6M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
NDLS
NDLS
Annualised
NDLS
-1.2%
-3.6%
INN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INN
INN
NDLS
NDLS
Revenue
$175.0M
$122.1M
Net Profit
$-2.6M
$-9.2M
Gross Margin
Operating Margin
8.3%
-5.2%
Net Margin
-1.5%
-7.5%
Revenue YoY
1.2%
-4.1%
Net Profit YoY
-381.3%
32.8%
EPS (diluted)
$-0.05
$-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
INN
INN
NDLS
NDLS
Q4 25
$175.0M
Q3 25
$177.1M
$122.1M
Q2 25
$192.9M
$123.8M
Q1 25
$184.5M
Q4 24
$172.9M
$122.8M
Q3 24
$176.8M
$127.4M
Q2 24
$193.9M
$121.4M
Q1 24
$188.1M
$124.3M
Net Profit
INN
INN
NDLS
NDLS
Q4 25
$-2.6M
Q3 25
$-11.8M
$-9.2M
Q2 25
$2.0M
$-9.1M
Q1 25
$623.0K
Q4 24
$916.0K
$-6.8M
Q3 24
$-3.6M
$-13.6M
Q2 24
$38.7M
$-6.1M
Q1 24
$2.8M
$-6.1M
Operating Margin
INN
INN
NDLS
NDLS
Q4 25
8.3%
Q3 25
4.8%
-5.2%
Q2 25
11.8%
-5.2%
Q1 25
10.7%
Q4 24
4.6%
-3.9%
Q3 24
8.9%
-9.0%
Q2 24
29.0%
-3.4%
Q1 24
12.5%
-3.7%
Net Margin
INN
INN
NDLS
NDLS
Q4 25
-1.5%
Q3 25
-6.6%
-7.5%
Q2 25
1.1%
-7.3%
Q1 25
0.3%
Q4 24
0.5%
-5.5%
Q3 24
-2.0%
-10.7%
Q2 24
20.0%
-5.1%
Q1 24
1.5%
-4.9%
EPS (diluted)
INN
INN
NDLS
NDLS
Q4 25
$-0.05
Q3 25
$-0.11
$-0.20
Q2 25
$-0.02
$-0.20
Q1 25
$-0.04
Q4 24
$0.05
$-0.15
Q3 24
$-0.04
$-0.30
Q2 24
$0.23
$-0.14
Q1 24
$-0.02
$-1.64

Balance Sheet & Financial Strength

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

Metric
INN
INN
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$36.1M
$4.7M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$862.2M
$-38.9M
Total Assets
$2.8B
$280.6M
Debt / EquityLower = less leverage
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INN
INN
NDLS
NDLS
Q4 25
$36.1M
Q3 25
$41.1M
$4.7M
Q2 25
$39.5M
$1.4M
Q1 25
$48.2M
Q4 24
$40.6M
$3.3M
Q3 24
$51.7M
$1.8M
Q2 24
$45.9M
$1.3M
Q1 24
$63.4M
$3.0M
Total Debt
INN
INN
NDLS
NDLS
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.5B
Stockholders' Equity
INN
INN
NDLS
NDLS
Q4 25
$862.2M
Q3 25
$875.8M
$-38.9M
Q2 25
$895.1M
$-13.9M
Q1 25
$920.4M
Q4 24
$909.5M
$3.7M
Q3 24
$911.4M
$9.6M
Q2 24
$931.9M
$21.9M
Q1 24
$907.8M
$27.2M
Total Assets
INN
INN
NDLS
NDLS
Q4 25
$2.8B
Q3 25
$2.8B
$280.6M
Q2 25
$2.9B
$319.4M
Q1 25
$2.9B
Q4 24
$2.9B
$340.5M
Q3 24
$2.8B
$346.3M
Q2 24
$2.9B
$360.4M
Q1 24
$3.0B
$368.1M
Debt / Equity
INN
INN
NDLS
NDLS
Q4 25
1.62×
Q3 25
1.62×
Q2 25
1.59×
Q1 25
1.54×
Q4 24
1.54×
Q3 24
1.47×
Q2 24
1.44×
Q1 24
1.60×

Cash Flow & Capital Efficiency

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

Metric
INN
INN
NDLS
NDLS
Operating Cash FlowLast quarter
$149.0M
$4.3M
Free Cash FlowOCF − Capex
$73.6M
$-2.8M
FCF MarginFCF / Revenue
42.0%
-2.3%
Capex IntensityCapex / Revenue
43.1%
5.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$137.6M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INN
INN
NDLS
NDLS
Q4 25
$149.0M
Q3 25
$45.8M
$4.3M
Q2 25
$48.8M
$4.0M
Q1 25
$25.9M
Q4 24
$166.3M
$5.8M
Q3 24
$55.7M
$4.7M
Q2 24
$50.3M
$7.0M
Q1 24
$28.1M
$164.0K
Free Cash Flow
INN
INN
NDLS
NDLS
Q4 25
$73.6M
Q3 25
$24.0M
$-2.8M
Q2 25
$30.0M
$1.1M
Q1 25
$10.1M
Q4 24
$77.0M
$-1.3M
Q3 24
$33.1M
$-4.5M
Q2 24
$29.4M
$-1.6M
Q1 24
$10.0M
$-15.2M
FCF Margin
INN
INN
NDLS
NDLS
Q4 25
42.0%
Q3 25
13.5%
-2.3%
Q2 25
15.5%
0.9%
Q1 25
5.5%
Q4 24
44.5%
-1.1%
Q3 24
18.7%
-3.5%
Q2 24
15.2%
-1.4%
Q1 24
5.3%
-12.2%
Capex Intensity
INN
INN
NDLS
NDLS
Q4 25
43.1%
Q3 25
12.3%
5.8%
Q2 25
9.8%
2.4%
Q1 25
8.5%
Q4 24
51.6%
5.8%
Q3 24
12.7%
7.2%
Q2 24
10.8%
7.1%
Q1 24
9.6%
12.3%
Cash Conversion
INN
INN
NDLS
NDLS
Q4 25
Q3 25
Q2 25
23.97×
Q1 25
41.49×
Q4 24
181.58×
Q3 24
Q2 24
1.30×
Q1 24
9.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INN
INN

Occupancy$153.1M88%
Food And Beverage$11.0M6%
Other$10.8M6%

NDLS
NDLS

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

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