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Side-by-side financial comparison of KITE REALTY GROUP TRUST (KRG) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
KITE REALTY GROUP TRUST is the larger business by last-quarter revenue ($200.7M vs $122.1M, roughly 1.6× NOODLES & Co). KITE REALTY GROUP TRUST runs the higher net margin — 0.2% vs -7.5%, a 7.7% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -9.2%). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -2.8%).
Kite Realty Group Trust is a publicly traded U.S.-headquartered real estate investment trust. It primarily owns, operates, and develops high-quality open-air shopping centers and mixed-use properties, with a portfolio spanning key regional markets across the United States. Its tenant base includes national retail chains, local independent merchants, and dining and entertainment operators, serving local community consumer needs.
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.
KRG vs NDLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $200.7M | $122.1M |
| Net Profit | $330.0K | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | — | -5.2% |
| Net Margin | 0.2% | -7.5% |
| Revenue YoY | -9.2% | -4.1% |
| Net Profit YoY | -51.6% | 32.8% |
| EPS (diluted) | $0.06 | $-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.
| Q1 26 | $200.7M | — | ||
| Q4 25 | $204.2M | — | ||
| Q3 25 | $205.1M | $122.1M | ||
| Q2 25 | $213.4M | $123.8M | ||
| Q1 25 | $221.8M | — | ||
| Q4 24 | $214.7M | $122.8M | ||
| Q3 24 | $207.3M | $127.4M | ||
| Q2 24 | $212.4M | $121.4M |
| Q1 26 | $330.0K | — | ||
| Q4 25 | $180.8M | — | ||
| Q3 25 | $-16.2M | $-9.2M | ||
| Q2 25 | $110.3M | $-9.1M | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $21.8M | $-6.8M | ||
| Q3 24 | $16.7M | $-13.6M | ||
| Q2 24 | $-48.6M | $-6.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -5.2% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | 23.0% | -3.9% | ||
| Q3 24 | 21.7% | -9.0% | ||
| Q2 24 | -10.5% | -3.4% |
| Q1 26 | 0.2% | — | ||
| Q4 25 | 88.6% | — | ||
| Q3 25 | -7.9% | -7.5% | ||
| Q2 25 | 51.7% | -7.3% | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.2% | -5.5% | ||
| Q3 24 | 8.1% | -10.7% | ||
| Q2 24 | -22.9% | -5.1% |
| Q1 26 | $0.06 | — | ||
| Q4 25 | $0.83 | — | ||
| Q3 25 | $-0.07 | $-0.20 | ||
| Q2 25 | $0.50 | $-0.20 | ||
| Q1 25 | $0.11 | — | ||
| Q4 24 | $0.10 | $-0.15 | ||
| Q3 24 | $0.08 | $-0.30 | ||
| Q2 24 | $-0.22 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $32.5M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $-38.9M |
| Total Assets | $6.4B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $32.5M | — | ||
| Q4 25 | $36.8M | — | ||
| Q3 25 | $68.7M | $4.7M | ||
| Q2 25 | $182.0M | $1.4M | ||
| Q1 25 | $49.1M | — | ||
| Q4 24 | $478.1M | $3.3M | ||
| Q3 24 | $467.5M | $1.8M | ||
| Q2 24 | $273.8M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $-38.9M | ||
| Q2 25 | $3.3B | $-13.9M | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | $3.7M | ||
| Q3 24 | $3.3B | $9.6M | ||
| Q2 24 | $3.4B | $21.9M |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.7B | — | ||
| Q3 25 | $6.6B | $280.6M | ||
| Q2 25 | $6.9B | $319.4M | ||
| Q1 25 | $6.7B | — | ||
| Q4 24 | $7.1B | $340.5M | ||
| Q3 24 | $7.1B | $346.3M | ||
| Q2 24 | $7.0B | $360.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.93× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 0.97× | — | ||
| Q2 24 | 0.88× | — |
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 | — | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | 3.3% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $106.6M | — | ||
| Q3 25 | $116.2M | $4.3M | ||
| Q2 25 | $132.8M | $4.0M | ||
| Q1 25 | $74.1M | — | ||
| Q4 24 | $111.0M | $5.8M | ||
| Q3 24 | $112.4M | $4.7M | ||
| Q2 24 | $142.1M | $7.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | 3.3% | — | ||
| 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 26 | — | — | ||
| Q4 25 | 0.59× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 5.09× | — | ||
| Q3 24 | 6.72× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRG
| Rental income | $198.0M | 99% |
| Fee income | $1.3M | 1% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
