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Side-by-side financial comparison of DORIAN LPG LTD. (LPG) 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 $120.0M, roughly 1.0× DORIAN LPG LTD.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs -7.5%, a 46.8% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs -4.1%). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -7.9%).
Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.
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.
LPG vs NDLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.0M | $122.1M |
| Net Profit | $47.2M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 42.8% | -5.2% |
| Net Margin | 39.3% | -7.5% |
| Revenue YoY | 48.7% | -4.1% |
| Net Profit YoY | 120.9% | 32.8% |
| EPS (diluted) | $1.11 | $-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.
| Q4 25 | $120.0M | — | ||
| Q3 25 | $124.1M | $122.1M | ||
| Q2 25 | $84.2M | $123.8M | ||
| Q1 25 | $75.9M | — | ||
| Q4 24 | $80.7M | $122.8M | ||
| Q3 24 | $82.4M | $127.4M | ||
| Q2 24 | $114.4M | $121.4M | ||
| Q1 24 | $141.4M | $124.3M |
| Q4 25 | $47.2M | — | ||
| Q3 25 | $55.4M | $-9.2M | ||
| Q2 25 | $10.1M | $-9.1M | ||
| Q1 25 | $8.1M | — | ||
| Q4 24 | $21.4M | $-6.8M | ||
| Q3 24 | $9.4M | $-13.6M | ||
| Q2 24 | $51.3M | $-6.1M | ||
| Q1 24 | $79.2M | $-6.1M |
| Q4 25 | 42.8% | — | ||
| Q3 25 | 47.8% | -5.2% | ||
| Q2 25 | 18.5% | -5.2% | ||
| Q1 25 | 19.4% | — | ||
| Q4 24 | 29.0% | -3.9% | ||
| Q3 24 | 23.2% | -9.0% | ||
| Q2 24 | 48.5% | -3.4% | ||
| Q1 24 | 58.3% | -3.7% |
| Q4 25 | 39.3% | — | ||
| Q3 25 | 44.6% | -7.5% | ||
| Q2 25 | 12.0% | -7.3% | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 26.5% | -5.5% | ||
| Q3 24 | 11.4% | -10.7% | ||
| Q2 24 | 44.9% | -5.1% | ||
| Q1 24 | 56.0% | -4.9% |
| Q4 25 | $1.11 | — | ||
| Q3 25 | $1.30 | $-0.20 | ||
| Q2 25 | $0.24 | $-0.20 | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $0.50 | $-0.15 | ||
| Q3 24 | $0.22 | $-0.30 | ||
| Q2 24 | $1.25 | $-0.14 | ||
| Q1 24 | $1.96 | $-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 | $294.5M | $4.7M |
| Total DebtLower is stronger | $513.2M | — |
| Stockholders' EquityBook value | $1.1B | $-38.9M |
| Total Assets | $1.8B | $280.6M |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $294.5M | — | ||
| Q3 25 | $268.3M | $4.7M | ||
| Q2 25 | $277.9M | $1.4M | ||
| Q1 25 | $316.9M | — | ||
| Q4 24 | $314.5M | $3.3M | ||
| Q3 24 | $348.6M | $1.8M | ||
| Q2 24 | $353.3M | $1.3M | ||
| Q1 24 | $282.5M | $3.0M |
| Q4 25 | $513.2M | — | ||
| Q3 25 | $526.4M | — | ||
| Q2 25 | $539.6M | — | ||
| Q1 25 | $553.3M | — | ||
| Q4 24 | $565.9M | — | ||
| Q3 24 | $579.0M | — | ||
| Q2 24 | $592.1M | — | ||
| Q1 24 | $605.1M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $-38.9M | ||
| Q2 25 | $1.0B | $-13.9M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.1B | $3.7M | ||
| Q3 24 | $1.1B | $9.6M | ||
| Q2 24 | $1.1B | $21.9M | ||
| Q1 24 | $1.0B | $27.2M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $280.6M | ||
| Q2 25 | $1.7B | $319.4M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $340.5M | ||
| Q3 24 | $1.9B | $346.3M | ||
| Q2 24 | $1.9B | $360.4M | ||
| Q1 24 | $1.8B | $368.1M |
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 0.59× | — |
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 | $80.8M | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | 1.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.8M | — | ||
| Q3 25 | $46.4M | $4.3M | ||
| Q2 25 | $814.5K | $4.0M | ||
| Q1 25 | $50.2M | — | ||
| Q4 24 | $24.3M | $5.8M | ||
| Q3 24 | $57.3M | $4.7M | ||
| Q2 24 | $41.2M | $7.0M | ||
| Q1 24 | $154.2M | $164.0K |
| 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 |
| 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% |
| 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% |
| Q4 25 | 1.71× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 6.20× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 6.08× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 1.95× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPG
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
