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Side-by-side financial comparison of iQSTEL Inc (IQST) 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 $84.2M, roughly 1.4× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -7.5%, a 4.3% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-2.8M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -1.2%).
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
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.
IQST vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $122.1M |
| Net Profit | $-2.7M | $-9.2M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | -5.2% |
| Net Margin | -3.2% | -7.5% |
| Revenue YoY | -14.9% | -4.1% |
| Net Profit YoY | -44.5% | 32.8% |
| EPS (diluted) | $-0.92 | $-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 | $84.2M | — | ||
| Q3 25 | $102.9M | $122.1M | ||
| Q2 25 | $72.2M | $123.8M | ||
| Q1 25 | $57.6M | — | ||
| Q4 24 | $98.9M | $122.8M | ||
| Q3 24 | $54.2M | $127.4M | ||
| Q2 24 | $78.6M | $121.4M | ||
| Q1 24 | $51.4M | $124.3M |
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-2.3M | $-9.2M | ||
| Q2 25 | $-2.3M | $-9.1M | ||
| Q1 25 | $-1.1M | — | ||
| Q4 24 | $-1.9M | $-6.8M | ||
| Q3 24 | $-773.0K | $-13.6M | ||
| Q2 24 | $-2.0M | $-6.1M | ||
| Q1 24 | $-580.2K | $-6.1M |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | -2.9% | — | ||
| Q3 25 | -0.5% | -5.2% | ||
| Q2 25 | -0.9% | -5.2% | ||
| Q1 25 | -1.0% | — | ||
| Q4 24 | -0.3% | -3.9% | ||
| Q3 24 | -0.1% | -9.0% | ||
| Q2 24 | -0.4% | -3.4% | ||
| Q1 24 | -0.4% | -3.7% |
| Q4 25 | -3.2% | — | ||
| Q3 25 | -2.3% | -7.5% | ||
| Q2 25 | -3.3% | -7.3% | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | -1.9% | -5.5% | ||
| Q3 24 | -1.4% | -10.7% | ||
| Q2 24 | -2.5% | -5.1% | ||
| Q1 24 | -1.1% | -4.9% |
| Q4 25 | $-0.92 | — | ||
| Q3 25 | $-0.68 | $-0.20 | ||
| Q2 25 | $-0.82 | $-0.20 | ||
| Q1 25 | $-0.44 | — | ||
| Q4 24 | $-1.19 | $-0.15 | ||
| Q3 24 | $-0.40 | $-0.30 | ||
| Q2 24 | $-0.90 | $-0.14 | ||
| Q1 24 | $-0.37 | $-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 | $2.2M | $4.7M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $-38.9M |
| Total Assets | $51.1M | $280.6M |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | — | ||
| Q3 25 | $2.3M | $4.7M | ||
| Q2 25 | $2.0M | $1.4M | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $2.5M | $3.3M | ||
| Q3 24 | $2.1M | $1.8M | ||
| Q2 24 | $797.2K | $1.3M | ||
| Q1 24 | $2.7M | $3.0M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $194.0K | — |
| Q4 25 | $16.3M | — | ||
| Q3 25 | $17.9M | $-38.9M | ||
| Q2 25 | $14.3M | $-13.9M | ||
| Q1 25 | $11.6M | — | ||
| Q4 24 | $11.9M | $3.7M | ||
| Q3 24 | $8.1M | $9.6M | ||
| Q2 24 | $7.6M | $21.9M | ||
| Q1 24 | $8.4M | $27.2M |
| Q4 25 | $51.1M | — | ||
| Q3 25 | $46.9M | $280.6M | ||
| Q2 25 | $51.4M | $319.4M | ||
| Q1 25 | $42.0M | — | ||
| Q4 24 | $79.0M | $340.5M | ||
| Q3 24 | $32.4M | $346.3M | ||
| Q2 24 | $30.0M | $360.4M | ||
| Q1 24 | $22.1M | $368.1M |
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.02× | — |
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 | $-1.2M | $4.3M |
| Free Cash FlowOCF − Capex | $-1.2M | $-2.8M |
| FCF MarginFCF / Revenue | -1.5% | -2.3% |
| Capex IntensityCapex / Revenue | 0.0% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-953.0K | $4.3M | ||
| Q2 25 | $257.7K | $4.0M | ||
| Q1 25 | $-1.9M | — | ||
| Q4 24 | $-403.7K | $5.8M | ||
| Q3 24 | $625.0K | $4.7M | ||
| Q2 24 | $-2.6M | $7.0M | ||
| Q1 24 | $-536.9K | $164.0K |
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-969.2K | $-2.8M | ||
| Q2 25 | $211.7K | $1.1M | ||
| Q1 25 | $-2.0M | — | ||
| Q4 24 | $-421.3K | $-1.3M | ||
| Q3 24 | $594.5K | $-4.5M | ||
| Q2 24 | $-2.6M | $-1.6M | ||
| Q1 24 | $-608.5K | $-15.2M |
| Q4 25 | -1.5% | — | ||
| Q3 25 | -0.9% | -2.3% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | -3.4% | — | ||
| Q4 24 | -0.4% | -1.1% | ||
| Q3 24 | 1.1% | -3.5% | ||
| Q2 24 | -3.4% | -1.4% | ||
| Q1 24 | -1.2% | -12.2% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 5.8% | ||
| Q2 25 | 0.1% | 2.4% | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.0% | 5.8% | ||
| Q3 24 | 0.1% | 7.2% | ||
| Q2 24 | 0.0% | 7.1% | ||
| Q1 24 | 0.1% | 12.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
