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Side-by-side financial comparison of MID PENN BANCORP INC (MPB) 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 $62.0M, roughly 2.0× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -7.5%, a 38.8% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -4.1%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-2.8M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs -1.2%).
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
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.
MPB vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.0M | $122.1M |
| Net Profit | $19.4M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 43.6% | -5.2% |
| Net Margin | 31.4% | -7.5% |
| Revenue YoY | 30.8% | -4.1% |
| Net Profit YoY | 47.0% | 32.8% |
| EPS (diluted) | $0.83 | $-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 | $62.0M | — | ||
| Q3 25 | $61.8M | $122.1M | ||
| Q2 25 | $54.3M | $123.8M | ||
| Q1 25 | $47.7M | — | ||
| Q4 24 | $47.4M | $122.8M | ||
| Q3 24 | $45.3M | $127.4M | ||
| Q2 24 | $44.1M | $121.4M | ||
| Q1 24 | $42.3M | $124.3M |
| Q4 25 | $19.4M | — | ||
| Q3 25 | $18.3M | $-9.2M | ||
| Q2 25 | $4.8M | $-9.1M | ||
| Q1 25 | $13.7M | — | ||
| Q4 24 | $13.2M | $-6.8M | ||
| Q3 24 | $12.3M | $-13.6M | ||
| Q2 24 | $11.8M | $-6.1M | ||
| Q1 24 | $12.1M | $-6.1M |
| Q4 25 | 43.6% | — | ||
| Q3 25 | 39.3% | -5.2% | ||
| Q2 25 | 7.9% | -5.2% | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 34.1% | -3.9% | ||
| Q3 24 | 32.8% | -9.0% | ||
| Q2 24 | 32.4% | -3.4% | ||
| Q1 24 | 34.8% | -3.7% |
| Q4 25 | 31.4% | — | ||
| Q3 25 | 29.6% | -7.5% | ||
| Q2 25 | 8.8% | -7.3% | ||
| Q1 25 | 28.8% | — | ||
| Q4 24 | 27.9% | -5.5% | ||
| Q3 24 | 27.1% | -10.7% | ||
| Q2 24 | 26.7% | -5.1% | ||
| Q1 24 | 28.7% | -4.9% |
| Q4 25 | $0.83 | — | ||
| Q3 25 | $0.79 | $-0.20 | ||
| Q2 25 | $0.22 | $-0.20 | ||
| Q1 25 | $0.71 | — | ||
| Q4 24 | $0.72 | $-0.15 | ||
| Q3 24 | $0.74 | $-0.30 | ||
| Q2 24 | $0.71 | $-0.14 | ||
| Q1 24 | $0.73 | $-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 | — | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $814.1M | $-38.9M |
| Total Assets | $6.1B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $1.8M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $814.1M | — | ||
| Q3 25 | $796.3M | $-38.9M | ||
| Q2 25 | $775.7M | $-13.9M | ||
| Q1 25 | $667.9M | — | ||
| Q4 24 | $655.0M | $3.7M | ||
| Q3 24 | $573.1M | $9.6M | ||
| Q2 24 | $559.7M | $21.9M | ||
| Q1 24 | $551.0M | $27.2M |
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.3B | $280.6M | ||
| Q2 25 | $6.4B | $319.4M | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.5B | $340.5M | ||
| Q3 24 | $5.5B | $346.3M | ||
| Q2 24 | $5.4B | $360.4M | ||
| Q1 24 | $5.3B | $368.1M |
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 | $80.0M | $4.3M |
| Free Cash FlowOCF − Capex | $71.8M | $-2.8M |
| FCF MarginFCF / Revenue | 115.8% | -2.3% |
| Capex IntensityCapex / Revenue | 13.3% | 5.8% |
| Cash ConversionOCF / Net Profit | 4.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $132.1M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | — | ||
| Q3 25 | $26.3M | $4.3M | ||
| Q2 25 | $29.0M | $4.0M | ||
| Q1 25 | $11.5M | — | ||
| Q4 24 | $51.4M | $5.8M | ||
| Q3 24 | $16.9M | $4.7M | ||
| Q2 24 | $18.0M | $7.0M | ||
| Q1 24 | $12.4M | $164.0K |
| Q4 25 | $71.8M | — | ||
| Q3 25 | $24.3M | $-2.8M | ||
| Q2 25 | $27.2M | $1.1M | ||
| Q1 25 | $8.8M | — | ||
| Q4 24 | $44.5M | $-1.3M | ||
| Q3 24 | $16.8M | $-4.5M | ||
| Q2 24 | $17.7M | $-1.6M | ||
| Q1 24 | $12.1M | $-15.2M |
| Q4 25 | 115.8% | — | ||
| Q3 25 | 39.4% | -2.3% | ||
| Q2 25 | 50.1% | 0.9% | ||
| Q1 25 | 18.4% | — | ||
| Q4 24 | 93.8% | -1.1% | ||
| Q3 24 | 37.1% | -3.5% | ||
| Q2 24 | 40.2% | -1.4% | ||
| Q1 24 | 28.5% | -12.2% |
| Q4 25 | 13.3% | — | ||
| Q3 25 | 3.1% | 5.8% | ||
| Q2 25 | 3.2% | 2.4% | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 14.6% | 5.8% | ||
| Q3 24 | 0.0% | 7.2% | ||
| Q2 24 | 0.7% | 7.1% | ||
| Q1 24 | 0.8% | 12.3% |
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 6.08× | — | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.02× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPB
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
