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Side-by-side financial comparison of NOODLES & Co (NDLS) and Origin Bancorp, Inc. (OBK). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $104.0M, roughly 1.2× Origin Bancorp, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs -7.5%, a 34.1% gap on every dollar of revenue. Over the past eight quarters, Origin Bancorp, Inc.'s revenue compounded faster (3.9% 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.
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".
NDLS vs OBK — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $104.0M |
| Net Profit | $-9.2M | $27.7M |
| Gross Margin | — | — |
| Operating Margin | -5.2% | — |
| Net Margin | -7.5% | 26.6% |
| Revenue YoY | -4.1% | — |
| Net Profit YoY | 32.8% | -6.2% |
| EPS (diluted) | $-0.20 | $0.89 |
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.
| Q1 26 | — | $104.0M | ||
| Q4 25 | — | $103.4M | ||
| Q3 25 | $122.1M | $109.8M | ||
| Q2 25 | $123.8M | $83.5M | ||
| Q1 25 | — | $94.1M | ||
| Q4 24 | $122.8M | $78.3M | ||
| Q3 24 | $127.4M | $90.8M | ||
| Q2 24 | $121.4M | $96.4M |
| Q1 26 | — | $27.7M | ||
| Q4 25 | — | $29.5M | ||
| Q3 25 | $-9.2M | $8.6M | ||
| Q2 25 | $-9.1M | $14.6M | ||
| Q1 25 | — | $22.4M | ||
| Q4 24 | $-6.8M | $14.3M | ||
| Q3 24 | $-13.6M | $18.6M | ||
| Q2 24 | $-6.1M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 36.2% | ||
| Q3 25 | -5.2% | 10.0% | ||
| Q2 25 | -5.2% | 22.3% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | -3.9% | 23.0% | ||
| Q3 24 | -9.0% | 26.1% | ||
| Q2 24 | -3.4% | 27.7% |
| Q1 26 | — | 26.6% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | -7.5% | 7.9% | ||
| Q2 25 | -7.3% | 17.5% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | -5.5% | 18.2% | ||
| Q3 24 | -10.7% | 20.5% | ||
| Q2 24 | -5.1% | 21.8% |
| Q1 26 | — | $0.89 | ||
| Q4 25 | — | $0.95 | ||
| Q3 25 | $-0.20 | $0.27 | ||
| Q2 25 | $-0.20 | $0.47 | ||
| Q1 25 | — | $0.71 | ||
| Q4 24 | $-0.15 | $0.45 | ||
| Q3 24 | $-0.30 | $0.60 | ||
| Q2 24 | $-0.14 | $0.67 |
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 | $-38.9M | $1.3B |
| Total Assets | $280.6M | $10.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $424.2M | ||
| Q3 25 | $4.7M | $626.9M | ||
| Q2 25 | $1.4M | $334.1M | ||
| Q1 25 | — | $486.2M | ||
| Q4 24 | $3.3M | $470.2M | ||
| Q3 24 | $1.8M | $321.2M | ||
| Q2 24 | $1.3M | $288.1M |
| Q1 26 | — | $1.3B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $-38.9M | $1.2B | ||
| Q2 25 | $-13.9M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $3.7M | $1.1B | ||
| Q3 24 | $9.6M | $1.1B | ||
| Q2 24 | $21.9M | $1.1B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | — | $9.7B | ||
| Q3 25 | $280.6M | $9.8B | ||
| Q2 25 | $319.4M | $9.7B | ||
| Q1 25 | — | $9.8B | ||
| Q4 24 | $340.5M | $9.7B | ||
| Q3 24 | $346.3M | $10.0B | ||
| Q2 24 | $360.4M | $9.9B |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $158.9M | ||
| Q3 25 | $4.3M | $59.3M | ||
| Q2 25 | $4.0M | $20.6M | ||
| Q1 25 | — | $35.6M | ||
| Q4 24 | $5.8M | $108.5M | ||
| Q3 24 | $4.7M | $39.6M | ||
| Q2 24 | $7.0M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $151.1M | ||
| Q3 25 | $-2.8M | $56.8M | ||
| Q2 25 | $1.1M | $19.6M | ||
| Q1 25 | — | $34.8M | ||
| Q4 24 | $-1.3M | $86.4M | ||
| Q3 24 | $-4.5M | $32.2M | ||
| Q2 24 | $-1.6M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 146.0% | ||
| Q3 25 | -2.3% | 51.7% | ||
| Q2 25 | 0.9% | 23.5% | ||
| Q1 25 | — | 37.0% | ||
| Q4 24 | -1.1% | 110.3% | ||
| Q3 24 | -3.5% | 35.5% | ||
| Q2 24 | -1.4% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | 5.8% | 2.3% | ||
| Q2 25 | 2.4% | 1.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 5.8% | 28.1% | ||
| Q3 24 | 7.2% | 8.1% | ||
| Q2 24 | 7.1% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.38× | ||
| Q3 25 | — | 6.88× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 7.60× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 0.57× |
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% |
OBK
| Net Interest Income | $87.2M | 84% |
| Noninterest Income | $16.8M | 16% |
