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Side-by-side financial comparison of NOODLES & Co (NDLS) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $75.2M, roughly 1.6× NPK International Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs -4.1%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-2.8M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs -1.2%).
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.
NDLS vs NPKI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $75.2M |
| Net Profit | $-9.2M | — |
| Gross Margin | — | 37.7% |
| Operating Margin | -5.2% | 16.7% |
| Net Margin | -7.5% | — |
| Revenue YoY | -4.1% | 30.7% |
| Net Profit YoY | 32.8% | — |
| EPS (diluted) | $-0.20 | $0.17 |
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 | — | $75.2M | ||
| Q3 25 | $122.1M | $68.8M | ||
| Q2 25 | $123.8M | $68.2M | ||
| Q1 25 | — | $64.8M | ||
| Q4 24 | $122.8M | $57.5M | ||
| Q3 24 | $127.4M | $44.2M | ||
| Q2 24 | $121.4M | $66.8M | ||
| Q1 24 | $124.3M | $49.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-9.2M | $5.7M | ||
| Q2 25 | $-9.1M | $8.7M | ||
| Q1 25 | — | $10.0M | ||
| Q4 24 | $-6.8M | — | ||
| Q3 24 | $-13.6M | $-174.3M | ||
| Q2 24 | $-6.1M | $8.0M | ||
| Q1 24 | $-6.1M | $7.3M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 39.0% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | — | 16.7% | ||
| Q3 25 | -5.2% | 13.2% | ||
| Q2 25 | -5.2% | 17.0% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | -3.9% | 20.2% | ||
| Q3 24 | -9.0% | 2.8% | ||
| Q2 24 | -3.4% | 18.7% | ||
| Q1 24 | -3.7% | 14.2% |
| Q4 25 | — | — | ||
| Q3 25 | -7.5% | 8.2% | ||
| Q2 25 | -7.3% | 12.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | -5.5% | — | ||
| Q3 24 | -10.7% | -394.3% | ||
| Q2 24 | -5.1% | 12.0% | ||
| Q1 24 | -4.9% | 14.9% |
| Q4 25 | — | $0.17 | ||
| Q3 25 | $-0.20 | $0.07 | ||
| Q2 25 | $-0.20 | $0.10 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | $-0.15 | $0.10 | ||
| Q3 24 | $-0.30 | $-1.99 | ||
| Q2 24 | $-0.14 | $0.09 | ||
| Q1 24 | $-1.64 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $-38.9M | $351.2M |
| Total Assets | $280.6M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.1M | ||
| Q3 25 | $4.7M | $35.6M | ||
| Q2 25 | $1.4M | $26.0M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | $3.3M | $17.8M | ||
| Q3 24 | $1.8M | $42.9M | ||
| Q2 24 | $1.3M | $35.1M | ||
| Q1 24 | $3.0M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | — | $351.2M | ||
| Q3 25 | $-38.9M | $333.9M | ||
| Q2 25 | $-13.9M | $328.8M | ||
| Q1 25 | — | $326.9M | ||
| Q4 24 | $3.7M | $326.5M | ||
| Q3 24 | $9.6M | $316.5M | ||
| Q2 24 | $21.9M | $426.6M | ||
| Q1 24 | $27.2M | $421.6M |
| Q4 25 | — | $441.8M | ||
| Q3 25 | $280.6M | $404.5M | ||
| Q2 25 | $319.4M | $393.7M | ||
| Q1 25 | — | $390.0M | ||
| Q4 24 | $340.5M | $393.7M | ||
| Q3 24 | $346.3M | $389.6M | ||
| Q2 24 | $360.4M | $624.8M | ||
| Q1 24 | $368.1M | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $4.3M | $18.0M |
| Free Cash FlowOCF − Capex | $-2.8M | $5.8M |
| FCF MarginFCF / Revenue | -2.3% | 7.6% |
| Capex IntensityCapex / Revenue | 5.8% | 16.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $18.0M | ||
| Q3 25 | $4.3M | $24.7M | ||
| Q2 25 | $4.0M | $21.4M | ||
| Q1 25 | — | $8.8M | ||
| Q4 24 | $5.8M | $-4.1M | ||
| Q3 24 | $4.7M | $2.8M | ||
| Q2 24 | $7.0M | $27.6M | ||
| Q1 24 | $164.0K | $11.9M |
| Q4 25 | — | $5.8M | ||
| Q3 25 | $-2.8M | $12.0M | ||
| Q2 25 | $1.1M | $9.7M | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | $-1.3M | $-17.7M | ||
| Q3 24 | $-4.5M | $-6.7M | ||
| Q2 24 | $-1.6M | $21.0M | ||
| Q1 24 | $-15.2M | $-1.9M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | -2.3% | 17.4% | ||
| Q2 25 | 0.9% | 14.3% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | -1.1% | -30.8% | ||
| Q3 24 | -3.5% | -15.2% | ||
| Q2 24 | -1.4% | 31.4% | ||
| Q1 24 | -12.2% | -3.9% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | 5.8% | 18.5% | ||
| Q2 25 | 2.4% | 17.1% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | 5.8% | 23.6% | ||
| Q3 24 | 7.2% | 21.4% | ||
| Q2 24 | 7.1% | 9.9% | ||
| Q1 24 | 12.3% | 28.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.37× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
