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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) 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 $84.3M, roughly 1.4× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs -7.5%, a 130.5% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs -4.1%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $-2.8M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs -1.2%).
LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.
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.
LTC vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.3M | $122.1M |
| Net Profit | $103.7M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | — | -5.2% |
| Net Margin | 123.0% | -7.5% |
| Revenue YoY | 60.3% | -4.1% |
| Net Profit YoY | 429.1% | 32.8% |
| EPS (diluted) | $2.19 | $-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 | $84.3M | — | ||
| Q3 25 | $69.3M | $122.1M | ||
| Q2 25 | $60.2M | $123.8M | ||
| Q1 25 | $49.0M | — | ||
| Q4 24 | $52.6M | $122.8M | ||
| Q3 24 | $55.8M | $127.4M | ||
| Q2 24 | $50.1M | $121.4M | ||
| Q1 24 | $51.4M | $124.3M |
| Q4 25 | $103.7M | — | ||
| Q3 25 | $-20.0M | $-9.2M | ||
| Q2 25 | $15.1M | $-9.1M | ||
| Q1 25 | $20.7M | — | ||
| Q4 24 | $19.6M | $-6.8M | ||
| Q3 24 | $29.4M | $-13.6M | ||
| Q2 24 | $19.4M | $-6.1M | ||
| Q1 24 | $24.2M | $-6.1M |
| Q4 25 | — | — | ||
| Q3 25 | 71.9% | -5.2% | ||
| Q2 25 | 80.5% | -5.2% | ||
| Q1 25 | 37.8% | — | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | 95.5% | -9.0% | ||
| Q2 24 | 38.0% | -3.4% | ||
| Q1 24 | 47.3% | -3.7% |
| Q4 25 | 123.0% | — | ||
| Q3 25 | -28.9% | -7.5% | ||
| Q2 25 | 25.1% | -7.3% | ||
| Q1 25 | 42.2% | — | ||
| Q4 24 | 37.3% | -5.5% | ||
| Q3 24 | 52.6% | -10.7% | ||
| Q2 24 | 38.6% | -5.1% | ||
| Q1 24 | 47.2% | -4.9% |
| Q4 25 | $2.19 | — | ||
| Q3 25 | $-0.44 | $-0.20 | ||
| Q2 25 | $0.32 | $-0.20 | ||
| Q1 25 | $0.45 | — | ||
| Q4 24 | $0.38 | $-0.15 | ||
| Q3 24 | $0.66 | $-0.30 | ||
| Q2 24 | $0.44 | $-0.14 | ||
| Q1 24 | $0.56 | $-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 | $14.4M | $4.7M |
| Total DebtLower is stronger | $842.2M | — |
| Stockholders' EquityBook value | $1.1B | $-38.9M |
| Total Assets | $2.1B | $280.6M |
| Debt / EquityLower = less leverage | 0.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | — | ||
| Q3 25 | $17.9M | $4.7M | ||
| Q2 25 | $7.6M | $1.4M | ||
| Q1 25 | $23.3M | — | ||
| Q4 24 | $9.4M | $3.3M | ||
| Q3 24 | $35.0M | $1.8M | ||
| Q2 24 | $6.2M | $1.3M | ||
| Q1 24 | $9.0M | $3.0M |
| Q4 25 | $842.2M | — | ||
| Q3 25 | $944.5M | — | ||
| Q2 25 | $696.5M | — | ||
| Q1 25 | $682.2M | — | ||
| Q4 24 | $684.6M | — | ||
| Q3 24 | $785.3M | — | ||
| Q2 24 | $861.0M | — | ||
| Q1 24 | $860.2M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $957.9M | $-38.9M | ||
| Q2 25 | $957.5M | $-13.9M | ||
| Q1 25 | $961.9M | — | ||
| Q4 24 | $960.6M | $3.7M | ||
| Q3 24 | $947.8M | $9.6M | ||
| Q2 24 | $889.1M | $21.9M | ||
| Q1 24 | $886.2M | $27.2M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | $280.6M | ||
| Q2 25 | $1.8B | $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 | 0.78× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | 0.97× | — |
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 | $136.0M | $4.3M |
| Free Cash FlowOCF − Capex | $128.7M | $-2.8M |
| FCF MarginFCF / Revenue | 152.7% | -2.3% |
| Capex IntensityCapex / Revenue | 8.6% | 5.8% |
| Cash ConversionOCF / Net Profit | 1.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $220.1M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $136.0M | — | ||
| Q3 25 | $38.4M | $4.3M | ||
| Q2 25 | $30.0M | $4.0M | ||
| Q1 25 | $29.6M | — | ||
| Q4 24 | $125.9M | $5.8M | ||
| Q3 24 | $34.0M | $4.7M | ||
| Q2 24 | $37.0M | $7.0M | ||
| Q1 24 | $21.1M | $164.0K |
| Q4 25 | $128.7M | — | ||
| Q3 25 | $34.3M | $-2.8M | ||
| Q2 25 | $28.9M | $1.1M | ||
| Q1 25 | $28.2M | — | ||
| Q4 24 | $112.2M | $-1.3M | ||
| Q3 24 | $27.7M | $-4.5M | ||
| Q2 24 | $34.7M | $-1.6M | ||
| Q1 24 | $19.7M | $-15.2M |
| Q4 25 | 152.7% | — | ||
| Q3 25 | 49.4% | -2.3% | ||
| Q2 25 | 47.9% | 0.9% | ||
| Q1 25 | 57.6% | — | ||
| Q4 24 | 213.4% | -1.1% | ||
| Q3 24 | 49.7% | -3.5% | ||
| Q2 24 | 69.1% | -1.4% | ||
| Q1 24 | 38.4% | -12.2% |
| Q4 25 | 8.6% | — | ||
| Q3 25 | 6.0% | 5.8% | ||
| Q2 25 | 1.9% | 2.4% | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 26.0% | 5.8% | ||
| Q3 24 | 11.2% | 7.2% | ||
| Q2 24 | 4.6% | 7.1% | ||
| Q1 24 | 2.6% | 12.3% |
| Q4 25 | 1.31× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 6.43× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 0.87× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LTC
| Seniors Housing Operating Portfolio Segment | $72.1M | 86% |
| Other | $12.2M | 14% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
