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Side-by-side financial comparison of NOODLES & Co (NDLS) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.
OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $122.1M, roughly 1.5× NOODLES & Co). NOODLES & Co runs the higher net margin — -7.5% vs -65.7%, a 58.2% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -4.1%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $-2.8M). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% 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.
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
NDLS vs OIS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $178.5M |
| Net Profit | $-9.2M | $-117.2M |
| Gross Margin | — | 10.9% |
| Operating Margin | -5.2% | -63.7% |
| Net Margin | -7.5% | -65.7% |
| Revenue YoY | -4.1% | 8.4% |
| Net Profit YoY | 32.8% | -873.2% |
| EPS (diluted) | $-0.20 | $-1.99 |
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 | — | $178.5M | ||
| Q3 25 | $122.1M | $165.2M | ||
| Q2 25 | $123.8M | $165.4M | ||
| Q1 25 | — | $159.9M | ||
| Q4 24 | $122.8M | $164.6M | ||
| Q3 24 | $127.4M | $174.3M | ||
| Q2 24 | $121.4M | $186.4M | ||
| Q1 24 | $124.3M | $167.3M |
| Q4 25 | — | $-117.2M | ||
| Q3 25 | $-9.2M | $1.9M | ||
| Q2 25 | $-9.1M | $2.8M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | $-6.8M | $15.2M | ||
| Q3 24 | $-13.6M | $-14.3M | ||
| Q2 24 | $-6.1M | $1.3M | ||
| Q1 24 | $-6.1M | $-13.4M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 21.1% |
| Q4 25 | — | -63.7% | ||
| Q3 25 | -5.2% | 2.9% | ||
| Q2 25 | -5.2% | 3.2% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | -3.9% | 11.2% | ||
| Q3 24 | -9.0% | -6.3% | ||
| Q2 24 | -3.4% | 1.1% | ||
| Q1 24 | -3.7% | -6.7% |
| Q4 25 | — | -65.7% | ||
| Q3 25 | -7.5% | 1.2% | ||
| Q2 25 | -7.3% | 1.7% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | -5.5% | 9.2% | ||
| Q3 24 | -10.7% | -8.2% | ||
| Q2 24 | -5.1% | 0.7% | ||
| Q1 24 | -4.9% | -8.0% |
| Q4 25 | — | $-1.99 | ||
| Q3 25 | $-0.20 | $0.03 | ||
| Q2 25 | $-0.20 | $0.05 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | $-0.15 | $0.24 | ||
| Q3 24 | $-0.30 | $-0.23 | ||
| Q2 24 | $-0.14 | $0.02 | ||
| Q1 24 | $-1.64 | $-0.21 |
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 | $69.9M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $-38.9M | $573.2M |
| Total Assets | $280.6M | $883.4M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $69.9M | ||
| Q3 25 | $4.7M | $67.1M | ||
| Q2 25 | $1.4M | $53.9M | ||
| Q1 25 | — | $66.8M | ||
| Q4 24 | $3.3M | $65.4M | ||
| Q3 24 | $1.8M | $46.0M | ||
| Q2 24 | $1.3M | $25.2M | ||
| Q1 24 | $3.0M | $24.1M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $124.7M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | $124.6M | ||
| Q2 24 | — | $124.3M | ||
| Q1 24 | — | $135.6M |
| Q4 25 | — | $573.2M | ||
| Q3 25 | $-38.9M | $689.0M | ||
| Q2 25 | $-13.9M | $690.6M | ||
| Q1 25 | — | $683.4M | ||
| Q4 24 | $3.7M | $680.7M | ||
| Q3 24 | $9.6M | $684.8M | ||
| Q2 24 | $21.9M | $690.4M | ||
| Q1 24 | $27.2M | $692.3M |
| Q4 25 | — | $883.4M | ||
| Q3 25 | $280.6M | $1.0B | ||
| Q2 25 | $319.4M | $993.7M | ||
| Q1 25 | — | $990.7M | ||
| Q4 24 | $340.5M | $1.0B | ||
| Q3 24 | $346.3M | $994.1M | ||
| Q2 24 | $360.4M | $1.0B | ||
| Q1 24 | $368.1M | $1.0B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.20× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | $-2.8M | $47.1M |
| FCF MarginFCF / Revenue | -2.3% | 26.4% |
| Capex IntensityCapex / Revenue | 5.8% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.1M | ||
| Q3 25 | $4.3M | $30.7M | ||
| Q2 25 | $4.0M | $15.0M | ||
| Q1 25 | — | $9.3M | ||
| Q4 24 | $5.8M | $18.2M | ||
| Q3 24 | $4.7M | $28.8M | ||
| Q2 24 | $7.0M | $10.2M | ||
| Q1 24 | $164.0K | $-11.4M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | $-2.8M | $22.0M | ||
| Q2 25 | $1.1M | $4.7M | ||
| Q1 25 | — | $137.0K | ||
| Q4 24 | $-1.3M | $4.0M | ||
| Q3 24 | $-4.5M | $21.4M | ||
| Q2 24 | $-1.6M | $4.5M | ||
| Q1 24 | $-15.2M | $-21.5M |
| Q4 25 | — | 26.4% | ||
| Q3 25 | -2.3% | 13.3% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | -1.1% | 2.4% | ||
| Q3 24 | -3.5% | 12.3% | ||
| Q2 24 | -1.4% | 2.4% | ||
| Q1 24 | -12.2% | -12.8% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | 5.8% | 5.3% | ||
| Q2 25 | 2.4% | 6.2% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | 5.8% | 8.6% | ||
| Q3 24 | 7.2% | 4.3% | ||
| Q2 24 | 7.1% | 3.1% | ||
| Q1 24 | 12.3% | 6.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 16.15× | ||
| Q2 25 | — | 5.33× | ||
| Q1 25 | — | 2.94× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.87× | ||
| Q1 24 | — | — |
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% |
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
