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Side-by-side financial comparison of NOODLES & Co (NDLS) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
UNIVERSAL DISPLAY CORP \PA\ is the larger business by last-quarter revenue ($142.2M vs $122.1M, roughly 1.2× NOODLES & Co). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -7.5%, a 32.7% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -14.5%). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -5.3%).
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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
NDLS vs OLED — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $142.2M |
| Net Profit | $-9.2M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | -5.2% | 30.1% |
| Net Margin | -7.5% | 25.2% |
| Revenue YoY | -4.1% | -14.5% |
| Net Profit YoY | 32.8% | -44.3% |
| EPS (diluted) | $-0.20 | $0.76 |
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 | — | $142.2M | ||
| Q4 25 | — | $172.9M | ||
| Q3 25 | $122.1M | $139.6M | ||
| Q2 25 | $123.8M | $171.8M | ||
| Q1 25 | — | $166.3M | ||
| Q4 24 | $122.8M | $162.3M | ||
| Q3 24 | $127.4M | $161.6M | ||
| Q2 24 | $121.4M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | — | $66.3M | ||
| Q3 25 | $-9.2M | $44.0M | ||
| Q2 25 | $-9.1M | $67.3M | ||
| Q1 25 | — | $64.4M | ||
| Q4 24 | $-6.8M | $46.0M | ||
| Q3 24 | $-13.6M | $66.9M | ||
| Q2 24 | $-6.1M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | — | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | — | 77.2% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | -5.2% | 30.9% | ||
| Q2 25 | -5.2% | 39.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | -3.9% | 32.3% | ||
| Q3 24 | -9.0% | 41.5% | ||
| Q2 24 | -3.4% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | — | 38.4% | ||
| Q3 25 | -7.5% | 31.5% | ||
| Q2 25 | -7.3% | 39.2% | ||
| Q1 25 | — | 38.8% | ||
| Q4 24 | -5.5% | 28.4% | ||
| Q3 24 | -10.7% | 41.4% | ||
| Q2 24 | -5.1% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | — | $1.40 | ||
| Q3 25 | $-0.20 | $0.92 | ||
| Q2 25 | $-0.20 | $1.41 | ||
| Q1 25 | — | $1.35 | ||
| Q4 24 | $-0.15 | $0.96 | ||
| Q3 24 | $-0.30 | $1.40 | ||
| Q2 24 | $-0.14 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | — |
| Total Assets | $280.6M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | — | $602.4M | ||
| Q3 25 | $4.7M | $603.0M | ||
| Q2 25 | $1.4M | $525.2M | ||
| Q1 25 | — | $571.3M | ||
| Q4 24 | $3.3M | $492.7M | ||
| Q3 24 | $1.8M | $551.6M | ||
| Q2 24 | $1.3M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $-38.9M | $1.7B | ||
| Q2 25 | $-13.9M | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $3.7M | $1.6B | ||
| Q3 24 | $9.6M | $1.6B | ||
| Q2 24 | $21.9M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $280.6M | $1.9B | ||
| Q2 25 | $319.4M | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $340.5M | $1.8B | ||
| Q3 24 | $346.3M | $1.8B | ||
| Q2 24 | $360.4M | $1.8B |
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 | $108.9M |
| Free Cash FlowOCF − Capex | $-2.8M | — |
| FCF MarginFCF / Revenue | -2.3% | — |
| Capex IntensityCapex / Revenue | 5.8% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | — | $31.1M | ||
| Q3 25 | $4.3M | $97.2M | ||
| Q2 25 | $4.0M | $51.9M | ||
| Q1 25 | — | $30.6M | ||
| Q4 24 | $5.8M | $34.7M | ||
| Q3 24 | $4.7M | $79.9M | ||
| Q2 24 | $7.0M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | $-2.8M | $84.3M | ||
| Q2 25 | $1.1M | $37.5M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | $-1.3M | $22.0M | ||
| Q3 24 | $-4.5M | $66.2M | ||
| Q2 24 | $-1.6M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.7% | ||
| Q3 25 | -2.3% | 60.4% | ||
| Q2 25 | 0.9% | 21.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | -1.1% | 13.6% | ||
| Q3 24 | -3.5% | 41.0% | ||
| Q2 24 | -1.4% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | 5.8% | 9.2% | ||
| Q2 25 | 2.4% | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | 5.8% | 7.8% | ||
| Q3 24 | 7.2% | 8.4% | ||
| Q2 24 | 7.1% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 1.28× |
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% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
