vs
Side-by-side financial comparison of NOODLES & Co (NDLS) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $62.2M, roughly 2.0× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -4.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
NDLS vs OUST — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $62.2M |
| Net Profit | $-9.2M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | -5.2% | 1.5% |
| Net Margin | -7.5% | — |
| Revenue YoY | -4.1% | 106.6% |
| Net Profit YoY | 32.8% | — |
| EPS (diluted) | $-0.20 | $0.10 |
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 | — | $62.2M | ||
| Q3 25 | $122.1M | $39.5M | ||
| Q2 25 | $123.8M | $35.0M | ||
| Q1 25 | — | $32.6M | ||
| Q4 24 | $122.8M | $30.1M | ||
| Q3 24 | $127.4M | $28.1M | ||
| Q2 24 | $121.4M | $27.0M | ||
| Q1 24 | $124.3M | $25.9M |
| Q4 25 | — | — | ||
| Q3 25 | $-9.2M | $-21.7M | ||
| Q2 25 | $-9.1M | $-20.6M | ||
| Q1 25 | — | $-22.0M | ||
| Q4 24 | $-6.8M | — | ||
| Q3 24 | $-13.6M | $-25.6M | ||
| Q2 24 | $-6.1M | $-23.9M | ||
| Q1 24 | $-6.1M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | -5.2% | -61.4% | ||
| Q2 25 | -5.2% | -76.5% | ||
| Q1 25 | — | -73.0% | ||
| Q4 24 | -3.9% | -85.1% | ||
| Q3 24 | -9.0% | -98.0% | ||
| Q2 24 | -3.4% | -93.6% | ||
| Q1 24 | -3.7% | -99.5% |
| Q4 25 | — | — | ||
| Q3 25 | -7.5% | -55.0% | ||
| Q2 25 | -7.3% | -58.8% | ||
| Q1 25 | — | -67.5% | ||
| Q4 24 | -5.5% | — | ||
| Q3 24 | -10.7% | -91.1% | ||
| Q2 24 | -5.1% | -88.4% | ||
| Q1 24 | -4.9% | -91.9% |
| Q4 25 | — | $0.10 | ||
| Q3 25 | $-0.20 | $-0.37 | ||
| Q2 25 | $-0.20 | $-0.38 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | $-0.15 | $-0.46 | ||
| Q3 24 | $-0.30 | $-0.54 | ||
| Q2 24 | $-0.14 | $-0.53 | ||
| Q1 24 | $-1.64 | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $261.7M |
| Total Assets | $280.6M | $349.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $208.6M | ||
| Q3 25 | $4.7M | $244.5M | ||
| Q2 25 | $1.4M | $226.5M | ||
| Q1 25 | — | $168.2M | ||
| Q4 24 | $3.3M | $172.0M | ||
| Q3 24 | $1.8M | $151.4M | ||
| Q2 24 | $1.3M | $184.2M | ||
| Q1 24 | $3.0M | $187.8M |
| Q4 25 | — | $261.7M | ||
| Q3 25 | $-38.9M | $247.4M | ||
| Q2 25 | $-13.9M | $221.0M | ||
| Q1 25 | — | $167.9M | ||
| Q4 24 | $3.7M | $180.9M | ||
| Q3 24 | $9.6M | $171.7M | ||
| Q2 24 | $21.9M | $170.6M | ||
| Q1 24 | $27.2M | $167.2M |
| Q4 25 | — | $349.5M | ||
| Q3 25 | $280.6M | $353.8M | ||
| Q2 25 | $319.4M | $321.8M | ||
| Q1 25 | — | $268.6M | ||
| Q4 24 | $340.5M | $276.1M | ||
| Q3 24 | $346.3M | $255.2M | ||
| Q2 24 | $360.4M | $309.9M | ||
| Q1 24 | $368.1M | $317.7M |
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 | $-15.4M |
| Free Cash FlowOCF − Capex | $-2.8M | $-37.2M |
| FCF MarginFCF / Revenue | -2.3% | -59.8% |
| Capex IntensityCapex / Revenue | 5.8% | 35.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-15.4M | ||
| Q3 25 | $4.3M | $-18.3M | ||
| Q2 25 | $4.0M | $-1.3M | ||
| Q1 25 | — | $-4.9M | ||
| Q4 24 | $5.8M | $-2.6M | ||
| Q3 24 | $4.7M | $-3.8M | ||
| Q2 24 | $7.0M | $-21.6M | ||
| Q1 24 | $164.0K | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | $-2.8M | $-20.0M | ||
| Q2 25 | $1.1M | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | $-1.3M | $-4.0M | ||
| Q3 24 | $-4.5M | $-4.3M | ||
| Q2 24 | $-1.6M | $-22.0M | ||
| Q1 24 | $-15.2M | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | -2.3% | -50.7% | ||
| Q2 25 | 0.9% | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | -1.1% | -13.3% | ||
| Q3 24 | -3.5% | -15.4% | ||
| Q2 24 | -1.4% | -81.5% | ||
| Q1 24 | -12.2% | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | 5.8% | 4.3% | ||
| Q2 25 | 2.4% | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 5.8% | 4.8% | ||
| Q3 24 | 7.2% | 2.0% | ||
| Q2 24 | 7.1% | 1.3% | ||
| Q1 24 | 12.3% | 5.3% |
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% |
OUST
Segment breakdown not available.
