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Side-by-side financial comparison of Janus International Group, Inc. (JBI) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
Janus International Group, Inc. is the larger business by last-quarter revenue ($219.3M vs $122.1M, roughly 1.8× NOODLES & Co). Janus International Group, Inc. runs the higher net margin — 6.9% vs -7.5%, a 14.4% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -4.7%). Janus International Group, Inc. produced more free cash flow last quarter ($8.3M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -8.8%).
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
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.
JBI vs NDLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.3M | $122.1M |
| Net Profit | $15.2M | $-9.2M |
| Gross Margin | 39.1% | — |
| Operating Margin | 13.4% | -5.2% |
| Net Margin | 6.9% | -7.5% |
| Revenue YoY | -4.7% | -4.1% |
| Net Profit YoY | 28.8% | 32.8% |
| EPS (diluted) | $0.11 | $-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.
| Q3 25 | $219.3M | $122.1M | ||
| Q2 25 | $228.1M | $123.8M | ||
| Q1 25 | $210.5M | — | ||
| Q4 24 | $230.8M | $122.8M | ||
| Q3 24 | $230.1M | $127.4M | ||
| Q2 24 | $248.4M | $121.4M | ||
| Q1 24 | $254.5M | $124.3M | ||
| Q4 23 | $263.8M | $127.9M |
| Q3 25 | $15.2M | $-9.2M | ||
| Q2 25 | $20.7M | $-9.1M | ||
| Q1 25 | $10.8M | — | ||
| Q4 24 | $300.0K | $-6.8M | ||
| Q3 24 | $11.8M | $-13.6M | ||
| Q2 24 | $27.6M | $-6.1M | ||
| Q1 24 | $30.7M | $-6.1M | ||
| Q4 23 | $35.7M | $700.0K |
| Q3 25 | 39.1% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.8% | — | ||
| Q3 24 | 39.6% | — | ||
| Q2 24 | 43.9% | — | ||
| Q1 24 | 43.4% | — | ||
| Q4 23 | 43.4% | — |
| Q3 25 | 13.4% | -5.2% | ||
| Q2 25 | 15.8% | -5.2% | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 5.5% | -3.9% | ||
| Q3 24 | 11.6% | -9.0% | ||
| Q2 24 | 20.8% | -3.4% | ||
| Q1 24 | 21.8% | -3.7% | ||
| Q4 23 | 24.2% | 1.6% |
| Q3 25 | 6.9% | -7.5% | ||
| Q2 25 | 9.1% | -7.3% | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 0.1% | -5.5% | ||
| Q3 24 | 5.1% | -10.7% | ||
| Q2 24 | 11.1% | -5.1% | ||
| Q1 24 | 12.1% | -4.9% | ||
| Q4 23 | 13.5% | 0.5% |
| Q3 25 | $0.11 | $-0.20 | ||
| Q2 25 | $0.15 | $-0.20 | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $0.01 | $-0.15 | ||
| Q3 24 | $0.08 | $-0.30 | ||
| Q2 24 | $0.19 | $-0.14 | ||
| Q1 24 | $0.21 | $-1.64 | ||
| Q4 23 | $0.24 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $560.8M | $-38.9M |
| Total Assets | $1.3B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | $102.1M | $1.8M | ||
| Q2 24 | $110.1M | $1.3M | ||
| Q1 24 | — | $3.0M | ||
| Q4 23 | $171.7M | $2.5M |
| Q3 25 | $560.8M | $-38.9M | ||
| Q2 25 | $543.8M | $-13.9M | ||
| Q1 25 | $526.8M | — | ||
| Q4 24 | $518.8M | $3.7M | ||
| Q3 24 | $526.6M | $9.6M | ||
| Q2 24 | $556.3M | $21.9M | ||
| Q1 24 | $535.4M | $27.2M | ||
| Q4 23 | $519.6M | $32.5M |
| Q3 25 | $1.3B | $280.6M | ||
| Q2 25 | $1.3B | $319.4M | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $340.5M | ||
| Q3 24 | $1.3B | $346.3M | ||
| Q2 24 | $1.3B | $360.4M | ||
| Q1 24 | $1.4B | $368.1M | ||
| Q4 23 | $1.4B | $368.8M |
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 | $15.0M | $4.3M |
| Free Cash FlowOCF − Capex | $8.3M | $-2.8M |
| FCF MarginFCF / Revenue | 3.8% | -2.3% |
| Capex IntensityCapex / Revenue | 3.1% | 5.8% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $140.1M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $15.0M | $4.3M | ||
| Q2 25 | $51.4M | $4.0M | ||
| Q1 25 | $48.3M | — | ||
| Q4 24 | $51.4M | $5.8M | ||
| Q3 24 | $43.0M | $4.7M | ||
| Q2 24 | $31.0M | $7.0M | ||
| Q1 24 | $28.6M | $164.0K | ||
| Q4 23 | $68.5M | $16.9M |
| Q3 25 | $8.3M | $-2.8M | ||
| Q2 25 | $44.6M | $1.1M | ||
| Q1 25 | $41.9M | — | ||
| Q4 24 | $45.3M | $-1.3M | ||
| Q3 24 | $39.3M | $-4.5M | ||
| Q2 24 | $25.3M | $-1.6M | ||
| Q1 24 | $24.0M | $-15.2M | ||
| Q4 23 | $63.0M | $4.1M |
| Q3 25 | 3.8% | -2.3% | ||
| Q2 25 | 19.6% | 0.9% | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 19.6% | -1.1% | ||
| Q3 24 | 17.1% | -3.5% | ||
| Q2 24 | 10.2% | -1.4% | ||
| Q1 24 | 9.4% | -12.2% | ||
| Q4 23 | 23.9% | 3.2% |
| Q3 25 | 3.1% | 5.8% | ||
| Q2 25 | 3.0% | 2.4% | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.6% | 5.8% | ||
| Q3 24 | 1.6% | 7.2% | ||
| Q2 24 | 2.3% | 7.1% | ||
| Q1 24 | 1.8% | 12.3% | ||
| Q4 23 | 2.1% | 10.0% |
| Q3 25 | 0.99× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 4.47× | — | ||
| Q4 24 | 171.33× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 1.12× | — | ||
| Q1 24 | 0.93× | — | ||
| Q4 23 | 1.92× | 24.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
