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Side-by-side financial comparison of NATURES SUNSHINE PRODUCTS INC (NATR) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

NATURES SUNSHINE PRODUCTS INC is the larger business by last-quarter revenue ($123.8M vs $122.1M, roughly 1.0× NOODLES & Co). NATURES SUNSHINE PRODUCTS INC runs the higher net margin — 3.3% vs -7.5%, a 10.8% gap on every dollar of revenue. On growth, NATURES SUNSHINE PRODUCTS INC posted the faster year-over-year revenue change (4.7% vs -4.1%). NATURES SUNSHINE PRODUCTS INC produced more free cash flow last quarter ($7.6M vs $-2.8M). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% CAGR vs -1.2%).

Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.

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.

NATR vs NDLS — Head-to-Head

Bigger by revenue
NATR
NATR
1.0× larger
NATR
$123.8M
$122.1M
NDLS
Growing faster (revenue YoY)
NATR
NATR
+8.9% gap
NATR
4.7%
-4.1%
NDLS
Higher net margin
NATR
NATR
10.8% more per $
NATR
3.3%
-7.5%
NDLS
More free cash flow
NATR
NATR
$10.4M more FCF
NATR
$7.6M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
NATR
NATR
Annualised
NATR
5.6%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NATR
NATR
NDLS
NDLS
Revenue
$123.8M
$122.1M
Net Profit
$4.1M
$-9.2M
Gross Margin
72.5%
Operating Margin
4.3%
-5.2%
Net Margin
3.3%
-7.5%
Revenue YoY
4.7%
-4.1%
Net Profit YoY
1379.4%
32.8%
EPS (diluted)
$0.23
$-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
NATR
NATR
NDLS
NDLS
Q4 25
$123.8M
Q3 25
$128.3M
$122.1M
Q2 25
$114.8M
$123.8M
Q1 25
$113.2M
Q4 24
$118.2M
$122.8M
Q3 24
$114.6M
$127.4M
Q2 24
$110.6M
$121.4M
Q1 24
$111.0M
$124.3M
Net Profit
NATR
NATR
NDLS
NDLS
Q4 25
$4.1M
Q3 25
$5.3M
$-9.2M
Q2 25
$5.3M
$-9.1M
Q1 25
$4.7M
Q4 24
$-321.0K
$-6.8M
Q3 24
$4.3M
$-13.6M
Q2 24
$1.3M
$-6.1M
Q1 24
$2.3M
$-6.1M
Gross Margin
NATR
NATR
NDLS
NDLS
Q4 25
72.5%
Q3 25
73.3%
Q2 25
71.7%
Q1 25
72.1%
Q4 24
72.0%
Q3 24
71.3%
Q2 24
71.4%
Q1 24
71.2%
Operating Margin
NATR
NATR
NDLS
NDLS
Q4 25
4.3%
Q3 25
7.0%
-5.2%
Q2 25
3.7%
-5.2%
Q1 25
5.4%
Q4 24
3.8%
-3.9%
Q3 24
4.6%
-9.0%
Q2 24
5.1%
-3.4%
Q1 24
4.2%
-3.7%
Net Margin
NATR
NATR
NDLS
NDLS
Q4 25
3.3%
Q3 25
4.2%
-7.5%
Q2 25
4.6%
-7.3%
Q1 25
4.2%
Q4 24
-0.3%
-5.5%
Q3 24
3.8%
-10.7%
Q2 24
1.2%
-5.1%
Q1 24
2.1%
-4.9%
EPS (diluted)
NATR
NATR
NDLS
NDLS
Q4 25
$0.23
Q3 25
$0.30
$-0.20
Q2 25
$0.28
$-0.20
Q1 25
$0.25
Q4 24
$-0.02
$-0.15
Q3 24
$0.23
$-0.30
Q2 24
$0.07
$-0.14
Q1 24
$0.12
$-1.64

Balance Sheet & Financial Strength

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

Metric
NATR
NATR
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$93.9M
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$161.6M
$-38.9M
Total Assets
$261.1M
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATR
NATR
NDLS
NDLS
Q4 25
$93.9M
Q3 25
$95.6M
$4.7M
Q2 25
$81.3M
$1.4M
Q1 25
$86.5M
Q4 24
$84.7M
$3.3M
Q3 24
$78.7M
$1.8M
Q2 24
$68.7M
$1.3M
Q1 24
$77.8M
$3.0M
Total Debt
NATR
NATR
NDLS
NDLS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.1M
Stockholders' Equity
NATR
NATR
NDLS
NDLS
Q4 25
$161.6M
Q3 25
$166.7M
$-38.9M
Q2 25
$163.7M
$-13.9M
Q1 25
$167.1M
Q4 24
$161.0M
$3.7M
Q3 24
$162.6M
$9.6M
Q2 24
$156.4M
$21.9M
Q1 24
$159.7M
$27.2M
Total Assets
NATR
NATR
NDLS
NDLS
Q4 25
$261.1M
Q3 25
$264.8M
$280.6M
Q2 25
$254.9M
$319.4M
Q1 25
$252.7M
Q4 24
$240.9M
$340.5M
Q3 24
$245.3M
$346.3M
Q2 24
$235.8M
$360.4M
Q1 24
$247.3M
$368.1M
Debt / Equity
NATR
NATR
NDLS
NDLS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.01×

Cash Flow & Capital Efficiency

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

Metric
NATR
NATR
NDLS
NDLS
Operating Cash FlowLast quarter
$9.9M
$4.3M
Free Cash FlowOCF − Capex
$7.6M
$-2.8M
FCF MarginFCF / Revenue
6.1%
-2.3%
Capex IntensityCapex / Revenue
1.9%
5.8%
Cash ConversionOCF / Net Profit
2.41×
TTM Free Cash FlowTrailing 4 quarters
$28.8M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATR
NATR
NDLS
NDLS
Q4 25
$9.9M
Q3 25
$18.5M
$4.3M
Q2 25
$4.3M
$4.0M
Q1 25
$2.6M
Q4 24
$12.2M
$5.8M
Q3 24
$9.6M
$4.7M
Q2 24
$1.3M
$7.0M
Q1 24
$2.2M
$164.0K
Free Cash Flow
NATR
NATR
NDLS
NDLS
Q4 25
$7.6M
Q3 25
$16.8M
$-2.8M
Q2 25
$3.0M
$1.1M
Q1 25
$1.5M
Q4 24
$10.0M
$-1.3M
Q3 24
$7.9M
$-4.5M
Q2 24
$-2.0M
$-1.6M
Q1 24
$-1.5M
$-15.2M
FCF Margin
NATR
NATR
NDLS
NDLS
Q4 25
6.1%
Q3 25
13.1%
-2.3%
Q2 25
2.6%
0.9%
Q1 25
1.3%
Q4 24
8.5%
-1.1%
Q3 24
6.9%
-3.5%
Q2 24
-1.9%
-1.4%
Q1 24
-1.4%
-12.2%
Capex Intensity
NATR
NATR
NDLS
NDLS
Q4 25
1.9%
Q3 25
1.3%
5.8%
Q2 25
1.2%
2.4%
Q1 25
1.0%
Q4 24
1.9%
5.8%
Q3 24
1.5%
7.2%
Q2 24
3.0%
7.1%
Q1 24
3.3%
12.3%
Cash Conversion
NATR
NATR
NDLS
NDLS
Q4 25
2.41×
Q3 25
3.46×
Q2 25
0.81×
Q1 25
0.55×
Q4 24
Q3 24
2.21×
Q2 24
0.97×
Q1 24
0.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NATR
NATR

Other$68.1M55%
General Health Products$20.2M16%
Digestive Products$13.8M11%
Cardiovascular Products$12.1M10%
Personal Care Products$4.4M4%
Immunity Products$3.1M3%
Weight Management Products$2.1M2%

NDLS
NDLS

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

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