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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) 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 $66.8M, roughly 1.8× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — -5.8% vs -7.5%, a 1.7% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -5.2%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (11.9% CAGR vs -1.2%).

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

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.

NC vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.8× larger
NDLS
$122.1M
$66.8M
NC
Growing faster (revenue YoY)
NDLS
NDLS
+1.0% gap
NDLS
-4.1%
-5.2%
NC
Higher net margin
NC
NC
1.7% more per $
NC
-5.8%
-7.5%
NDLS
Faster 2-yr revenue CAGR
NC
NC
Annualised
NC
11.9%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NC
NC
NDLS
NDLS
Revenue
$66.8M
$122.1M
Net Profit
$-3.8M
$-9.2M
Gross Margin
18.0%
Operating Margin
11.3%
-5.2%
Net Margin
-5.8%
-7.5%
Revenue YoY
-5.2%
-4.1%
Net Profit YoY
-150.8%
32.8%
EPS (diluted)
$-0.53
$-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
NC
NC
NDLS
NDLS
Q4 25
$66.8M
Q3 25
$76.6M
$122.1M
Q2 25
$68.2M
$123.8M
Q1 25
$65.6M
Q4 24
$70.4M
$122.8M
Q3 24
$61.7M
$127.4M
Q2 24
$52.3M
$121.4M
Q1 24
$53.3M
$124.3M
Net Profit
NC
NC
NDLS
NDLS
Q4 25
$-3.8M
Q3 25
$13.3M
$-9.2M
Q2 25
$3.3M
$-9.1M
Q1 25
$4.9M
Q4 24
$7.6M
$-6.8M
Q3 24
$15.6M
$-13.6M
Q2 24
$6.0M
$-6.1M
Q1 24
$4.6M
$-6.1M
Gross Margin
NC
NC
NDLS
NDLS
Q4 25
18.0%
Q3 25
13.0%
Q2 25
10.0%
Q1 25
14.7%
Q4 24
12.0%
Q3 24
11.7%
Q2 24
13.4%
Q1 24
13.2%
Operating Margin
NC
NC
NDLS
NDLS
Q4 25
11.3%
Q3 25
8.8%
-5.2%
Q2 25
-0.1%
-5.2%
Q1 25
11.7%
Q4 24
5.5%
-3.9%
Q3 24
31.9%
-9.0%
Q2 24
14.1%
-3.4%
Q1 24
8.9%
-3.7%
Net Margin
NC
NC
NDLS
NDLS
Q4 25
-5.8%
Q3 25
17.3%
-7.5%
Q2 25
4.8%
-7.3%
Q1 25
7.5%
Q4 24
10.7%
-5.5%
Q3 24
25.4%
-10.7%
Q2 24
11.4%
-5.1%
Q1 24
8.6%
-4.9%
EPS (diluted)
NC
NC
NDLS
NDLS
Q4 25
$-0.53
Q3 25
$1.78
$-0.20
Q2 25
$0.44
$-0.20
Q1 25
$0.66
Q4 24
$0.99
$-0.15
Q3 24
$2.14
$-0.30
Q2 24
$0.81
$-0.14
Q1 24
$0.61
$-1.64

Balance Sheet & Financial Strength

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

Metric
NC
NC
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$49.7M
$4.7M
Total DebtLower is stronger
$100.8M
Stockholders' EquityBook value
$429.2M
$-38.9M
Total Assets
$661.2M
$280.6M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NC
NC
NDLS
NDLS
Q4 25
$49.7M
Q3 25
$52.7M
$4.7M
Q2 25
$49.4M
$1.4M
Q1 25
$61.9M
Q4 24
$72.8M
$3.3M
Q3 24
$63.1M
$1.8M
Q2 24
$62.4M
$1.3M
Q1 24
$61.8M
$3.0M
Total Debt
NC
NC
NDLS
NDLS
Q4 25
$100.8M
Q3 25
Q2 25
Q1 25
Q4 24
$99.4M
Q3 24
Q2 24
$29.0M
Q1 24
$28.4M
Stockholders' Equity
NC
NC
NDLS
NDLS
Q4 25
$429.2M
Q3 25
$426.4M
$-38.9M
Q2 25
$413.1M
$-13.9M
Q1 25
$409.1M
Q4 24
$404.9M
$3.7M
Q3 24
$397.3M
$9.6M
Q2 24
$384.1M
$21.9M
Q1 24
$381.6M
$27.2M
Total Assets
NC
NC
NDLS
NDLS
Q4 25
$661.2M
Q3 25
$637.6M
$280.6M
Q2 25
$631.3M
$319.4M
Q1 25
$634.2M
Q4 24
$631.7M
$340.5M
Q3 24
$597.4M
$346.3M
Q2 24
$560.1M
$360.4M
Q1 24
$538.0M
$368.1M
Debt / Equity
NC
NC
NDLS
NDLS
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.25×
Q3 24
Q2 24
0.08×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
NC
NC
NDLS
NDLS
Operating Cash FlowLast quarter
$11.4M
$4.3M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NC
NC
NDLS
NDLS
Q4 25
$11.4M
Q3 25
$42.3M
$4.3M
Q2 25
$-7.8M
$4.0M
Q1 25
$5.0M
Q4 24
$25.2M
$5.8M
Q3 24
$2.8M
$4.7M
Q2 24
$4.1M
$7.0M
Q1 24
$-9.8M
$164.0K
Free Cash Flow
NC
NC
NDLS
NDLS
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
FCF Margin
NC
NC
NDLS
NDLS
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%
Capex Intensity
NC
NC
NDLS
NDLS
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%
Cash Conversion
NC
NC
NDLS
NDLS
Q4 25
Q3 25
3.19×
Q2 25
-2.39×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
0.18×
Q2 24
0.68×
Q1 24
-2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NC
NC

Transferred Over Time$42.7M64%
Transferred At Point In Time$24.1M36%

NDLS
NDLS

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

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