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Side-by-side financial comparison of Mistras Group, Inc. (MG) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $122.1M, roughly 1.5× NOODLES & Co). Mistras Group, Inc. runs the higher net margin — 2.1% vs -7.5%, a 9.6% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -4.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-2.8M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -1.2%).
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
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.
MG vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $122.1M |
| Net Profit | $3.8M | $-9.2M |
| Gross Margin | 28.4% | — |
| Operating Margin | 7.0% | -5.2% |
| Net Margin | 2.1% | -7.5% |
| Revenue YoY | 5.1% | -4.1% |
| Net Profit YoY | -27.4% | 32.8% |
| EPS (diluted) | $0.12 | $-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 | $181.5M | — | ||
| Q3 25 | $195.5M | $122.1M | ||
| Q2 25 | $185.4M | $123.8M | ||
| Q1 25 | $161.6M | — | ||
| Q4 24 | $172.7M | $122.8M | ||
| Q3 24 | $182.7M | $127.4M | ||
| Q2 24 | $189.8M | $121.4M | ||
| Q1 24 | $184.4M | $124.3M |
| Q4 25 | $3.8M | — | ||
| Q3 25 | $13.1M | $-9.2M | ||
| Q2 25 | $3.0M | $-9.1M | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | $5.2M | $-6.8M | ||
| Q3 24 | $6.4M | $-13.6M | ||
| Q2 24 | $6.4M | $-6.1M | ||
| Q1 24 | $995.0K | $-6.1M |
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 25.0% | — |
| Q4 25 | 7.0% | — | ||
| Q3 25 | 10.4% | -5.2% | ||
| Q2 25 | 4.5% | -5.2% | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | 6.1% | -3.9% | ||
| Q3 24 | 6.5% | -9.0% | ||
| Q2 24 | 6.3% | -3.4% | ||
| Q1 24 | 3.0% | -3.7% |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 6.7% | -7.5% | ||
| Q2 25 | 1.6% | -7.3% | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 3.0% | -5.5% | ||
| Q3 24 | 3.5% | -10.7% | ||
| Q2 24 | 3.4% | -5.1% | ||
| Q1 24 | 0.5% | -4.9% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.41 | $-0.20 | ||
| Q2 25 | $0.10 | $-0.20 | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.17 | $-0.15 | ||
| Q3 24 | $0.20 | $-0.30 | ||
| Q2 24 | $0.20 | $-0.14 | ||
| Q1 24 | $0.03 | $-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 | $28.0M | $4.7M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | $-38.9M |
| Total Assets | $578.8M | $280.6M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | — | ||
| Q3 25 | $27.8M | $4.7M | ||
| Q2 25 | $20.0M | $1.4M | ||
| Q1 25 | $18.5M | — | ||
| Q4 24 | $18.3M | $3.3M | ||
| Q3 24 | $20.4M | $1.8M | ||
| Q2 24 | $17.2M | $1.3M | ||
| Q1 24 | $16.9M | $3.0M |
| Q4 25 | $178.0M | — | ||
| Q3 25 | $202.3M | — | ||
| Q2 25 | $189.4M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.6M | — | ||
| Q3 24 | $189.7M | — | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $198.4M | — |
| Q4 25 | $235.1M | — | ||
| Q3 25 | $227.4M | $-38.9M | ||
| Q2 25 | $215.8M | $-13.9M | ||
| Q1 25 | $198.7M | — | ||
| Q4 24 | $198.6M | $3.7M | ||
| Q3 24 | $205.2M | $9.6M | ||
| Q2 24 | $193.2M | $21.9M | ||
| Q1 24 | $187.1M | $27.2M |
| Q4 25 | $578.8M | — | ||
| Q3 25 | $596.3M | $280.6M | ||
| Q2 25 | $571.0M | $319.4M | ||
| Q1 25 | $526.8M | — | ||
| Q4 24 | $523.0M | $340.5M | ||
| Q3 24 | $551.7M | $346.3M | ||
| Q2 24 | $548.1M | $360.4M | ||
| Q1 24 | $542.1M | $368.1M |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | — |
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 | $32.1M | $4.3M |
| Free Cash FlowOCF − Capex | $26.0M | $-2.8M |
| FCF MarginFCF / Revenue | 14.3% | -2.3% |
| Capex IntensityCapex / Revenue | 3.4% | 5.8% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | — | ||
| Q3 25 | $4.5M | $4.3M | ||
| Q2 25 | $-9.3M | $4.0M | ||
| Q1 25 | $5.6M | — | ||
| Q4 24 | $25.7M | $5.8M | ||
| Q3 24 | $19.4M | $4.7M | ||
| Q2 24 | $4.5M | $7.0M | ||
| Q1 24 | $604.0K | $164.0K |
| Q4 25 | $26.0M | — | ||
| Q3 25 | $-4.1M | $-2.8M | ||
| Q2 25 | $-14.7M | $1.1M | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $22.1M | $-1.3M | ||
| Q3 24 | $14.6M | $-4.5M | ||
| Q2 24 | $-284.0K | $-1.6M | ||
| Q1 24 | $-4.2M | $-15.2M |
| Q4 25 | 14.3% | — | ||
| Q3 25 | -2.1% | -2.3% | ||
| Q2 25 | -7.9% | 0.9% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 12.8% | -1.1% | ||
| Q3 24 | 8.0% | -3.5% | ||
| Q2 24 | -0.1% | -1.4% | ||
| Q1 24 | -2.3% | -12.2% |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 4.4% | 5.8% | ||
| Q2 25 | 2.9% | 2.4% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.1% | 5.8% | ||
| Q3 24 | 2.6% | 7.2% | ||
| Q2 24 | 2.5% | 7.1% | ||
| Q1 24 | 2.6% | 12.3% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | -3.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
