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Side-by-side financial comparison of NOODLES & Co (NDLS) and OppFi Inc. (OPFI). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $85.6M, roughly 1.4× OppFi Inc.). OppFi Inc. runs the higher net margin — 19.7% vs -7.5%, a 27.2% gap on every dollar of revenue. On growth, OppFi Inc. posted the faster year-over-year revenue change (5.9% vs -4.1%). OppFi Inc. produced more free cash flow last quarter ($382.2M vs $-2.8M). Over the past eight quarters, OppFi Inc.'s revenue compounded faster (16.3% 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.
OppFi Inc. is a US-headquartered financial technology firm that provides responsible, accessible financial solutions including installment loans, credit-building tools and related support services to consumers underserved by traditional banking institutions, prioritizing fair terms to help users boost their long-term financial wellness.
NDLS vs OPFI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $85.6M |
| Net Profit | $-9.2M | $16.8M |
| Gross Margin | — | — |
| Operating Margin | -5.2% | 36.1% |
| Net Margin | -7.5% | 19.7% |
| Revenue YoY | -4.1% | 5.9% |
| Net Profit YoY | 32.8% | 400.3% |
| EPS (diluted) | $-0.20 | $1.48 |
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 | — | $85.6M | ||
| Q3 25 | $122.1M | $104.6M | ||
| Q2 25 | $123.8M | $100.2M | ||
| Q1 25 | — | $90.8M | ||
| Q4 24 | $122.8M | $80.8M | ||
| Q3 24 | $127.4M | $91.2M | ||
| Q2 24 | $121.4M | $86.3M | ||
| Q1 24 | $124.3M | $63.2M |
| Q4 25 | — | $16.8M | ||
| Q3 25 | $-9.2M | $41.6M | ||
| Q2 25 | $-9.1M | $-20.8M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | $-6.8M | $-5.6M | ||
| Q3 24 | $-13.6M | $4.3M | ||
| Q2 24 | $-6.1M | $3.1M | ||
| Q1 24 | $-6.1M | $5.5M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | -5.2% | 46.3% | ||
| Q2 25 | -5.2% | 44.7% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | -3.9% | 30.5% | ||
| Q3 24 | -9.0% | 38.5% | ||
| Q2 24 | -3.4% | 34.2% | ||
| Q1 24 | -3.7% | 8.4% |
| Q4 25 | — | 19.7% | ||
| Q3 25 | -7.5% | 39.8% | ||
| Q2 25 | -7.3% | -20.7% | ||
| Q1 25 | — | -12.5% | ||
| Q4 24 | -5.5% | -6.9% | ||
| Q3 24 | -10.7% | 4.7% | ||
| Q2 24 | -5.1% | 3.6% | ||
| Q1 24 | -4.9% | 8.8% |
| Q4 25 | — | $1.48 | ||
| Q3 25 | $-0.20 | $0.77 | ||
| Q2 25 | $-0.20 | $-0.78 | ||
| Q1 25 | — | $-0.48 | ||
| Q4 24 | $-0.15 | $-0.11 | ||
| Q3 24 | $-0.30 | $0.21 | ||
| Q2 24 | $-0.14 | $0.16 | ||
| Q1 24 | $-1.64 | $0.10 |
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 | $49.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $58.5M |
| Total Assets | $280.6M | $754.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $49.5M | ||
| Q3 25 | $4.7M | $45.5M | ||
| Q2 25 | $1.4M | $45.2M | ||
| Q1 25 | — | $58.0M | ||
| Q4 24 | $3.3M | $61.3M | ||
| Q3 24 | $1.8M | $44.8M | ||
| Q2 24 | $1.3M | $46.6M | ||
| Q1 24 | $3.0M | $47.2M |
| Q4 25 | — | $58.5M | ||
| Q3 25 | $-38.9M | $49.4M | ||
| Q2 25 | $-13.9M | $13.4M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | $3.7M | $32.8M | ||
| Q3 24 | $9.6M | $34.9M | ||
| Q2 24 | $21.9M | $18.6M | ||
| Q1 24 | $27.2M | $18.2M |
| Q4 25 | — | $754.1M | ||
| Q3 25 | $280.6M | $720.6M | ||
| Q2 25 | $319.4M | $673.4M | ||
| Q1 25 | — | $640.1M | ||
| Q4 24 | $340.5M | $641.2M | ||
| Q3 24 | $346.3M | $619.3M | ||
| Q2 24 | $360.4M | $573.1M | ||
| Q1 24 | $368.1M | $563.2M |
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 | $401.3M |
| Free Cash FlowOCF − Capex | $-2.8M | $382.2M |
| FCF MarginFCF / Revenue | -2.3% | 446.6% |
| Capex IntensityCapex / Revenue | 5.8% | 22.3% |
| Cash ConversionOCF / Net Profit | — | 23.82× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $652.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $401.3M | ||
| Q3 25 | $4.3M | $105.1M | ||
| Q2 25 | $4.0M | $95.6M | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | $5.8M | $323.8M | ||
| Q3 24 | $4.7M | $77.6M | ||
| Q2 24 | $7.0M | $77.3M | ||
| Q1 24 | $164.0K | $74.4M |
| Q4 25 | — | $382.2M | ||
| Q3 25 | $-2.8M | $99.9M | ||
| Q2 25 | $1.1M | $91.0M | ||
| Q1 25 | — | $79.3M | ||
| Q4 24 | $-1.3M | $310.8M | ||
| Q3 24 | $-4.5M | $73.7M | ||
| Q2 24 | $-1.6M | $74.7M | ||
| Q1 24 | $-15.2M | $72.3M |
| Q4 25 | — | 446.6% | ||
| Q3 25 | -2.3% | 95.6% | ||
| Q2 25 | 0.9% | 90.8% | ||
| Q1 25 | — | 87.4% | ||
| Q4 24 | -1.1% | 384.6% | ||
| Q3 24 | -3.5% | 80.8% | ||
| Q2 24 | -1.4% | 86.6% | ||
| Q1 24 | -12.2% | 114.4% |
| Q4 25 | — | 22.3% | ||
| Q3 25 | 5.8% | 5.0% | ||
| Q2 25 | 2.4% | 4.6% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | 5.8% | 16.1% | ||
| Q3 24 | 7.2% | 4.3% | ||
| Q2 24 | 7.1% | 3.0% | ||
| Q1 24 | 12.3% | 3.4% |
| Q4 25 | — | 23.82× | ||
| Q3 25 | — | 2.52× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.19× | ||
| Q2 24 | — | 25.21× | ||
| Q1 24 | — | 13.44× |
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% |
OPFI
Segment breakdown not available.
