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Side-by-side financial comparison of Loar Holdings Inc. (LOAR) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

Loar Holdings Inc. is the larger business by last-quarter revenue ($131.8M vs $122.1M, roughly 1.1× NOODLES & Co). Loar Holdings Inc. runs the higher net margin — 9.5% vs -7.5%, a 17.0% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -4.1%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs -1.2%).

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.

LOAR vs NDLS — Head-to-Head

Bigger by revenue
LOAR
LOAR
1.1× larger
LOAR
$131.8M
$122.1M
NDLS
Growing faster (revenue YoY)
LOAR
LOAR
+23.4% gap
LOAR
19.3%
-4.1%
NDLS
Higher net margin
LOAR
LOAR
17.0% more per $
LOAR
9.5%
-7.5%
NDLS
Faster 2-yr revenue CAGR
LOAR
LOAR
Annualised
LOAR
19.8%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LOAR
LOAR
NDLS
NDLS
Revenue
$131.8M
$122.1M
Net Profit
$12.5M
$-9.2M
Gross Margin
52.1%
Operating Margin
18.0%
-5.2%
Net Margin
9.5%
-7.5%
Revenue YoY
19.3%
-4.1%
Net Profit YoY
239.5%
32.8%
EPS (diluted)
$0.13
$-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
LOAR
LOAR
NDLS
NDLS
Q4 25
$131.8M
Q3 25
$126.8M
$122.1M
Q2 25
$123.1M
$123.8M
Q1 25
$114.7M
Q4 24
$110.4M
$122.8M
Q3 24
$103.5M
$127.4M
Q2 24
$97.0M
$121.4M
Q1 24
$91.8M
$124.3M
Net Profit
LOAR
LOAR
NDLS
NDLS
Q4 25
$12.5M
Q3 25
$27.6M
$-9.2M
Q2 25
$16.7M
$-9.1M
Q1 25
$15.3M
Q4 24
$3.7M
$-6.8M
Q3 24
$8.7M
$-13.6M
Q2 24
$7.6M
$-6.1M
Q1 24
$2.2M
$-6.1M
Gross Margin
LOAR
LOAR
NDLS
NDLS
Q4 25
52.1%
Q3 25
52.7%
Q2 25
53.8%
Q1 25
52.1%
Q4 24
48.9%
Q3 24
51.1%
Q2 24
49.0%
Q1 24
48.4%
Operating Margin
LOAR
LOAR
NDLS
NDLS
Q4 25
18.0%
Q3 25
22.9%
-5.2%
Q2 25
22.2%
-5.2%
Q1 25
22.8%
Q4 24
19.2%
-3.9%
Q3 24
22.1%
-9.0%
Q2 24
22.9%
-3.4%
Q1 24
23.3%
-3.7%
Net Margin
LOAR
LOAR
NDLS
NDLS
Q4 25
9.5%
Q3 25
21.8%
-7.5%
Q2 25
13.6%
-7.3%
Q1 25
13.4%
Q4 24
3.3%
-5.5%
Q3 24
8.4%
-10.7%
Q2 24
7.9%
-5.1%
Q1 24
2.4%
-4.9%
EPS (diluted)
LOAR
LOAR
NDLS
NDLS
Q4 25
$0.13
Q3 25
$0.29
$-0.20
Q2 25
$0.17
$-0.20
Q1 25
$0.16
Q4 24
$-11023.48
$-0.15
Q3 24
$0.09
$-0.30
Q2 24
$0.09
$-0.14
Q1 24
$11023.54
$-1.64

Balance Sheet & Financial Strength

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

Metric
LOAR
LOAR
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$84.8M
$4.7M
Total DebtLower is stronger
$715.7M
Stockholders' EquityBook value
$1.2B
$-38.9M
Total Assets
$2.0B
$280.6M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOAR
LOAR
NDLS
NDLS
Q4 25
$84.8M
Q3 25
$99.0M
$4.7M
Q2 25
$103.3M
$1.4M
Q1 25
$80.5M
Q4 24
$54.1M
$3.3M
Q3 24
$55.2M
$1.8M
Q2 24
$73.2M
$1.3M
Q1 24
$28.2M
$3.0M
Total Debt
LOAR
LOAR
NDLS
NDLS
Q4 25
$715.7M
Q3 25
$279.4M
Q2 25
$277.7M
Q1 25
$277.5M
Q4 24
$277.3M
Q3 24
$602.1M
Q2 24
$250.7M
Q1 24
$534.2M
Stockholders' Equity
LOAR
LOAR
NDLS
NDLS
Q4 25
$1.2B
Q3 25
$1.2B
$-38.9M
Q2 25
$1.1B
$-13.9M
Q1 25
$1.1B
Q4 24
$1.1B
$3.7M
Q3 24
$769.8M
$9.6M
Q2 24
$758.4M
$21.9M
Q1 24
$420.6M
$27.2M
Total Assets
LOAR
LOAR
NDLS
NDLS
Q4 25
$2.0B
Q3 25
$1.5B
$280.6M
Q2 25
$1.5B
$319.4M
Q1 25
$1.5B
Q4 24
$1.5B
$340.5M
Q3 24
$1.5B
$346.3M
Q2 24
$1.1B
$360.4M
Q1 24
$1.1B
$368.1M
Debt / Equity
LOAR
LOAR
NDLS
NDLS
Q4 25
0.61×
Q3 25
0.24×
Q2 25
0.25×
Q1 25
0.25×
Q4 24
0.25×
Q3 24
0.78×
Q2 24
0.33×
Q1 24
1.27×

Cash Flow & Capital Efficiency

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

Metric
LOAR
LOAR
NDLS
NDLS
Operating Cash FlowLast quarter
$30.4M
$4.3M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
2.43×
TTM Free Cash FlowTrailing 4 quarters
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOAR
LOAR
NDLS
NDLS
Q4 25
$30.4M
Q3 25
$29.7M
$4.3M
Q2 25
$23.8M
$4.0M
Q1 25
$28.4M
Q4 24
$20.7M
$5.8M
Q3 24
$16.3M
$4.7M
Q2 24
$7.1M
$7.0M
Q1 24
$10.8M
$164.0K
Free Cash Flow
LOAR
LOAR
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
LOAR
LOAR
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
LOAR
LOAR
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
LOAR
LOAR
NDLS
NDLS
Q4 25
2.43×
Q3 25
1.08×
Q2 25
1.42×
Q1 25
1.85×
Q4 24
5.62×
Q3 24
1.89×
Q2 24
0.93×
Q1 24
4.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LOAR
LOAR

Other$76.8M58%
Commercial Aerospace$21.2M16%
Business Jet And General Aviation$17.6M13%
Defense$16.2M12%

NDLS
NDLS

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

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