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Side-by-side financial comparison of NOODLES & Co (NDLS) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $122.1M, roughly 1.2× NOODLES & Co). NOODLES & Co runs the higher net margin — -7.5% vs -21.1%, a 13.6% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -19.2%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-28.6M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -7.5%).
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.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
NDLS vs OPK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $148.5M |
| Net Profit | $-9.2M | $-31.3M |
| Gross Margin | — | 43.1% |
| Operating Margin | -5.2% | -25.8% |
| Net Margin | -7.5% | -21.1% |
| Revenue YoY | -4.1% | -19.2% |
| Net Profit YoY | 32.8% | -322.8% |
| EPS (diluted) | $-0.20 | $-0.04 |
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 | — | $148.5M | ||
| Q3 25 | $122.1M | $151.7M | ||
| Q2 25 | $123.8M | $156.8M | ||
| Q1 25 | — | $150.0M | ||
| Q4 24 | $122.8M | $183.6M | ||
| Q3 24 | $127.4M | $173.6M | ||
| Q2 24 | $121.4M | $182.2M | ||
| Q1 24 | $124.3M | $173.7M |
| Q4 25 | — | $-31.3M | ||
| Q3 25 | $-9.2M | $21.6M | ||
| Q2 25 | $-9.1M | $-148.4M | ||
| Q1 25 | — | $-67.6M | ||
| Q4 24 | $-6.8M | $14.0M | ||
| Q3 24 | $-13.6M | $24.9M | ||
| Q2 24 | $-6.1M | $-10.3M | ||
| Q1 24 | $-6.1M | $-81.8M |
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 46.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 24.2% |
| Q4 25 | — | -25.8% | ||
| Q3 25 | -5.2% | 31.7% | ||
| Q2 25 | -5.2% | -38.3% | ||
| Q1 25 | — | -44.8% | ||
| Q4 24 | -3.9% | -18.0% | ||
| Q3 24 | -9.0% | 8.2% | ||
| Q2 24 | -3.4% | -33.9% | ||
| Q1 24 | -3.7% | -41.2% |
| Q4 25 | — | -21.1% | ||
| Q3 25 | -7.5% | 14.3% | ||
| Q2 25 | -7.3% | -94.7% | ||
| Q1 25 | — | -45.1% | ||
| Q4 24 | -5.5% | 7.6% | ||
| Q3 24 | -10.7% | 14.3% | ||
| Q2 24 | -5.1% | -5.7% | ||
| Q1 24 | -4.9% | -47.1% |
| Q4 25 | — | $-0.04 | ||
| Q3 25 | $-0.20 | $0.03 | ||
| Q2 25 | $-0.20 | $-0.19 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | $-0.15 | $0.02 | ||
| Q3 24 | $-0.30 | $0.03 | ||
| Q2 24 | $-0.14 | $-0.01 | ||
| Q1 24 | $-1.64 | $-0.12 |
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 | $364.4M |
| Total DebtLower is stronger | — | $344.0M |
| Stockholders' EquityBook value | $-38.9M | $1.3B |
| Total Assets | $280.6M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $364.4M | ||
| Q3 25 | $4.7M | $412.0M | ||
| Q2 25 | $1.4M | $267.3M | ||
| Q1 25 | — | $428.8M | ||
| Q4 24 | $3.3M | $426.6M | ||
| Q3 24 | $1.8M | $400.1M | ||
| Q2 24 | $1.3M | $40.6M | ||
| Q1 24 | $3.0M | $75.6M |
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $344.2M | ||
| Q2 25 | — | $343.3M | ||
| Q1 25 | — | $439.2M | ||
| Q4 24 | — | $437.2M | ||
| Q3 24 | — | $441.0M | ||
| Q2 24 | — | $201.9M | ||
| Q1 24 | — | $350.1M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $-38.9M | $1.3B | ||
| Q2 25 | $-13.9M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $3.7M | $1.4B | ||
| Q3 24 | $9.6M | $1.4B | ||
| Q2 24 | $21.9M | $1.4B | ||
| Q1 24 | $27.2M | $1.3B |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $280.6M | $2.0B | ||
| Q2 25 | $319.4M | $2.0B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $340.5M | $2.2B | ||
| Q3 24 | $346.3M | $2.3B | ||
| Q2 24 | $360.4M | $2.0B | ||
| Q1 24 | $368.1M | $2.0B |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-2.8M | $-28.6M |
| FCF MarginFCF / Revenue | -2.3% | -19.3% |
| Capex IntensityCapex / Revenue | 5.8% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-25.9M | ||
| Q3 25 | $4.3M | $-34.6M | ||
| Q2 25 | $4.0M | $-83.4M | ||
| Q1 25 | — | $-34.6M | ||
| Q4 24 | $5.8M | $-44.4M | ||
| Q3 24 | $4.7M | $-77.1M | ||
| Q2 24 | $7.0M | $-26.4M | ||
| Q1 24 | $164.0K | $-35.6M |
| Q4 25 | — | $-28.6M | ||
| Q3 25 | $-2.8M | $-37.8M | ||
| Q2 25 | $1.1M | $-86.7M | ||
| Q1 25 | — | $-37.7M | ||
| Q4 24 | $-1.3M | $-49.8M | ||
| Q3 24 | $-4.5M | $-85.0M | ||
| Q2 24 | $-1.6M | $-33.7M | ||
| Q1 24 | $-15.2M | $-40.0M |
| Q4 25 | — | -19.3% | ||
| Q3 25 | -2.3% | -24.9% | ||
| Q2 25 | 0.9% | -55.3% | ||
| Q1 25 | — | -25.2% | ||
| Q4 24 | -1.1% | -27.1% | ||
| Q3 24 | -3.5% | -49.0% | ||
| Q2 24 | -1.4% | -18.5% | ||
| Q1 24 | -12.2% | -23.0% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | 5.8% | 2.1% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 5.8% | 2.9% | ||
| Q3 24 | 7.2% | 4.6% | ||
| Q2 24 | 7.1% | 4.0% | ||
| Q1 24 | 12.3% | 2.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.60× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.17× | ||
| Q3 24 | — | -3.10× | ||
| Q2 24 | — | — | ||
| 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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
