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Side-by-side financial comparison of NOODLES & Co (NDLS) and OneStream, Inc. (OS). Click either name above to swap in a different company.

OneStream, Inc. is the larger business by last-quarter revenue ($163.7M vs $122.1M, roughly 1.3× NOODLES & Co). OneStream, Inc. runs the higher net margin — 0.6% vs -7.5%, a 8.1% gap on every dollar of revenue. On growth, OneStream, Inc. posted the faster year-over-year revenue change (23.6% vs -4.1%). OneStream, Inc. produced more free cash flow last quarter ($25.6M vs $-2.8M). Over the past eight quarters, OneStream, Inc.'s revenue compounded faster (21.8% 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.

Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.

NDLS vs OS — Head-to-Head

Bigger by revenue
OS
OS
1.3× larger
OS
$163.7M
$122.1M
NDLS
Growing faster (revenue YoY)
OS
OS
+27.7% gap
OS
23.6%
-4.1%
NDLS
Higher net margin
OS
OS
8.1% more per $
OS
0.6%
-7.5%
NDLS
More free cash flow
OS
OS
$28.5M more FCF
OS
$25.6M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
OS
OS
Annualised
OS
21.8%
-1.2%
NDLS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NDLS
NDLS
OS
OS
Revenue
$122.1M
$163.7M
Net Profit
$-9.2M
$999.0K
Gross Margin
69.8%
Operating Margin
-5.2%
-3.2%
Net Margin
-7.5%
0.6%
Revenue YoY
-4.1%
23.6%
Net Profit YoY
32.8%
EPS (diluted)
$-0.20

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.

Revenue
NDLS
NDLS
OS
OS
Q4 25
$163.7M
Q3 25
$122.1M
$154.3M
Q2 25
$123.8M
$147.6M
Q1 25
$136.3M
Q4 24
$122.8M
$132.5M
Q3 24
$127.4M
$129.1M
Q2 24
$121.4M
$117.5M
Q1 24
$124.3M
$110.3M
Net Profit
NDLS
NDLS
OS
OS
Q4 25
$999.0K
Q3 25
$-9.2M
$-8.8M
Q2 25
$-9.1M
$-18.4M
Q1 25
$-24.0M
Q4 24
$-6.8M
Q3 24
$-13.6M
$-171.9M
Q2 24
$-6.1M
$-7.8M
Q1 24
$-6.1M
$-5.0M
Gross Margin
NDLS
NDLS
OS
OS
Q4 25
69.8%
Q3 25
68.1%
Q2 25
68.6%
Q1 25
68.0%
Q4 24
66.8%
Q3 24
50.1%
Q2 24
68.5%
Q1 24
69.1%
Operating Margin
NDLS
NDLS
OS
OS
Q4 25
-3.2%
Q3 25
-5.2%
-11.3%
Q2 25
-5.2%
-21.8%
Q1 25
-29.3%
Q4 24
-3.9%
-35.8%
Q3 24
-9.0%
-197.6%
Q2 24
-3.4%
-9.8%
Q1 24
-3.7%
-4.9%
Net Margin
NDLS
NDLS
OS
OS
Q4 25
0.6%
Q3 25
-7.5%
-5.7%
Q2 25
-7.3%
-12.5%
Q1 25
-17.6%
Q4 24
-5.5%
Q3 24
-10.7%
-133.1%
Q2 24
-5.1%
-6.7%
Q1 24
-4.9%
-4.5%
EPS (diluted)
NDLS
NDLS
OS
OS
Q4 25
Q3 25
$-0.20
Q2 25
$-0.20
Q1 25
Q4 24
$-0.15
Q3 24
$-0.30
$-1.06
Q2 24
$-0.14
Q1 24
$-1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NDLS
NDLS
OS
OS
Cash + ST InvestmentsLiquidity on hand
$4.7M
$693.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.9M
$504.7M
Total Assets
$280.6M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NDLS
NDLS
OS
OS
Q4 25
$693.6M
Q3 25
$4.7M
$653.9M
Q2 25
$1.4M
$652.1M
Q1 25
$593.9M
Q4 24
$3.3M
$544.2M
Q3 24
$1.8M
$495.5M
Q2 24
$1.3M
$140.5M
Q1 24
$3.0M
Stockholders' Equity
NDLS
NDLS
OS
OS
Q4 25
$504.7M
Q3 25
$-38.9M
$472.1M
Q2 25
$-13.9M
$458.2M
Q1 25
$412.9M
Q4 24
$3.7M
$386.2M
Q3 24
$9.6M
$458.2M
Q2 24
$21.9M
$97.5M
Q1 24
$27.2M
$102.5M
Total Assets
NDLS
NDLS
OS
OS
Q4 25
$1.0B
Q3 25
$280.6M
$949.4M
Q2 25
$319.4M
$910.5M
Q1 25
$867.3M
Q4 24
$340.5M
$823.2M
Q3 24
$346.3M
$750.1M
Q2 24
$360.4M
$379.7M
Q1 24
$368.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NDLS
NDLS
OS
OS
Operating Cash FlowLast quarter
$4.3M
$25.8M
Free Cash FlowOCF − Capex
$-2.8M
$25.6M
FCF MarginFCF / Revenue
-2.3%
15.7%
Capex IntensityCapex / Revenue
5.8%
0.1%
Cash ConversionOCF / Net Profit
25.79×
TTM Free Cash FlowTrailing 4 quarters
$-7.5M
$95.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NDLS
NDLS
OS
OS
Q4 25
$25.8M
Q3 25
$4.3M
$5.0M
Q2 25
$4.0M
$29.7M
Q1 25
$36.2M
Q4 24
$5.8M
Q3 24
$4.7M
$2.4M
Q2 24
$7.0M
$8.1M
Q1 24
$164.0K
$25.5M
Free Cash Flow
NDLS
NDLS
OS
OS
Q4 25
$25.6M
Q3 25
$-2.8M
$4.8M
Q2 25
$1.1M
$29.4M
Q1 25
$35.8M
Q4 24
$-1.3M
Q3 24
$-4.5M
$1.3M
Q2 24
$-1.6M
$7.7M
Q1 24
$-15.2M
$24.9M
FCF Margin
NDLS
NDLS
OS
OS
Q4 25
15.7%
Q3 25
-2.3%
3.1%
Q2 25
0.9%
19.9%
Q1 25
26.3%
Q4 24
-1.1%
Q3 24
-3.5%
1.0%
Q2 24
-1.4%
6.6%
Q1 24
-12.2%
22.5%
Capex Intensity
NDLS
NDLS
OS
OS
Q4 25
0.1%
Q3 25
5.8%
0.1%
Q2 25
2.4%
0.2%
Q1 25
0.3%
Q4 24
5.8%
Q3 24
7.2%
0.8%
Q2 24
7.1%
0.3%
Q1 24
12.3%
0.6%
Cash Conversion
NDLS
NDLS
OS
OS
Q4 25
25.79×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NDLS
NDLS

Food And Beverage$119.6M98%
Franchise$2.5M2%

OS
OS

Subscription And Circulation$150.3M92%
Professional Services And Other$9.4M6%
License$4.0M2%

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