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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) 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 $115.5M, roughly 1.1× INFINITY NATURAL RESOURCES, INC.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -7.5%, a 24.8% gap on every dollar of revenue.

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.

INR vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.1× larger
NDLS
$122.1M
$115.5M
INR
Higher net margin
INR
INR
24.8% more per $
INR
17.3%
-7.5%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INR
INR
NDLS
NDLS
Revenue
$115.5M
$122.1M
Net Profit
$20.0M
$-9.2M
Gross Margin
Operating Margin
47.0%
-5.2%
Net Margin
17.3%
-7.5%
Revenue YoY
-4.1%
Net Profit YoY
32.8%
EPS (diluted)
$1.33
$-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
INR
INR
NDLS
NDLS
Q4 25
$115.5M
Q3 25
$78.3M
$122.1M
Q2 25
$72.5M
$123.8M
Q1 25
$84.2M
Q4 24
$122.8M
Q3 24
$127.4M
Q2 24
$121.4M
Q1 24
$124.3M
Net Profit
INR
INR
NDLS
NDLS
Q4 25
$20.0M
Q3 25
$10.4M
$-9.2M
Q2 25
$18.0M
$-9.1M
Q1 25
$-34.6M
Q4 24
$-6.8M
Q3 24
$-13.6M
Q2 24
$-6.1M
Q1 24
$-6.1M
Operating Margin
INR
INR
NDLS
NDLS
Q4 25
47.0%
Q3 25
30.5%
-5.2%
Q2 25
29.9%
-5.2%
Q1 25
-104.5%
Q4 24
-3.9%
Q3 24
-9.0%
Q2 24
-3.4%
Q1 24
-3.7%
Net Margin
INR
INR
NDLS
NDLS
Q4 25
17.3%
Q3 25
13.3%
-7.5%
Q2 25
24.8%
-7.3%
Q1 25
-41.1%
Q4 24
-5.5%
Q3 24
-10.7%
Q2 24
-5.1%
Q1 24
-4.9%
EPS (diluted)
INR
INR
NDLS
NDLS
Q4 25
$1.33
Q3 25
$0.65
$-0.20
Q2 25
$1.18
$-0.20
Q1 25
$-2.27
Q4 24
$-0.15
Q3 24
$-0.30
Q2 24
$-0.14
Q1 24
$-1.64

Balance Sheet & Financial Strength

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

Metric
INR
INR
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$2.8M
$4.7M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$307.1M
$-38.9M
Total Assets
$1.2B
$280.6M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
NDLS
NDLS
Q4 25
$2.8M
Q3 25
$4.6M
$4.7M
Q2 25
$6.3M
$1.4M
Q1 25
$4.9M
Q4 24
$3.3M
Q3 24
$1.8M
Q2 24
$1.3M
Q1 24
$3.0M
Total Debt
INR
INR
NDLS
NDLS
Q4 25
$55.0K
Q3 25
Q2 25
Q1 25
$123.0K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
INR
INR
NDLS
NDLS
Q4 25
$307.1M
Q3 25
$288.6M
$-38.9M
Q2 25
$10.1M
$-13.9M
Q1 25
$-52.2M
Q4 24
$3.7M
Q3 24
$9.6M
Q2 24
$21.9M
Q1 24
$27.2M
Total Assets
INR
INR
NDLS
NDLS
Q4 25
$1.2B
Q3 25
$1.1B
$280.6M
Q2 25
$1.0B
$319.4M
Q1 25
$953.9M
Q4 24
$340.5M
Q3 24
$346.3M
Q2 24
$360.4M
Q1 24
$368.1M
Debt / Equity
INR
INR
NDLS
NDLS
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
INR
INR
NDLS
NDLS
Operating Cash FlowLast quarter
$75.1M
$4.3M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
NDLS
NDLS
Q4 25
$75.1M
Q3 25
$42.1M
$4.3M
Q2 25
$70.4M
$4.0M
Q1 25
$74.2M
Q4 24
$5.8M
Q3 24
$4.7M
Q2 24
$7.0M
Q1 24
$164.0K
Free Cash Flow
INR
INR
NDLS
NDLS
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
FCF Margin
INR
INR
NDLS
NDLS
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%
Capex Intensity
INR
INR
NDLS
NDLS
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%
Cash Conversion
INR
INR
NDLS
NDLS
Q4 25
3.75×
Q3 25
4.04×
Q2 25
3.91×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

NDLS
NDLS

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

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