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Side-by-side financial comparison of NOODLES & Co (NDLS) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $122.1M, roughly 1.2× NOODLES & Co). NOODLES & Co runs the higher net margin — -7.5% vs -20.7%, a 13.2% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -15.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-25.0M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -12.0%).
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.
NDLS vs PAMT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $141.3M |
| Net Profit | $-9.2M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | -5.2% | -27.0% |
| Net Margin | -7.5% | -20.7% |
| Revenue YoY | -4.1% | -15.1% |
| Net Profit YoY | 32.8% | 7.4% |
| EPS (diluted) | $-0.20 | $-1.38 |
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 | — | $141.3M | ||
| Q3 25 | $122.1M | $150.3M | ||
| Q2 25 | $123.8M | $151.1M | ||
| Q1 25 | — | $155.3M | ||
| Q4 24 | $122.8M | $166.5M | ||
| Q3 24 | $127.4M | $182.6M | ||
| Q2 24 | $121.4M | $182.9M | ||
| Q1 24 | $124.3M | $182.6M |
| Q4 25 | — | $-29.3M | ||
| Q3 25 | $-9.2M | $-5.6M | ||
| Q2 25 | $-9.1M | $-9.6M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | $-6.8M | $-31.6M | ||
| Q3 24 | $-13.6M | $2.4M | ||
| Q2 24 | $-6.1M | $-2.9M | ||
| Q1 24 | $-6.1M | $281.0K |
| Q4 25 | — | -27.0% | ||
| Q3 25 | -5.2% | -3.8% | ||
| Q2 25 | -5.2% | -7.3% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | -3.9% | -22.6% | ||
| Q3 24 | -9.0% | 1.3% | ||
| Q2 24 | -3.4% | -0.4% | ||
| Q1 24 | -3.7% | -0.4% |
| Q4 25 | — | -20.7% | ||
| Q3 25 | -7.5% | -3.7% | ||
| Q2 25 | -7.3% | -6.4% | ||
| Q1 25 | — | -5.2% | ||
| Q4 24 | -5.5% | -19.0% | ||
| Q3 24 | -10.7% | 1.3% | ||
| Q2 24 | -5.1% | -1.6% | ||
| Q1 24 | -4.9% | 0.2% |
| Q4 25 | — | $-1.38 | ||
| Q3 25 | $-0.20 | $-0.27 | ||
| Q2 25 | $-0.20 | $-0.46 | ||
| Q1 25 | — | $-0.37 | ||
| Q4 24 | $-0.15 | $-1.44 | ||
| Q3 24 | $-0.30 | $0.11 | ||
| Q2 24 | $-0.14 | $-0.13 | ||
| Q1 24 | $-1.64 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $-38.9M | $210.5M |
| Total Assets | $280.6M | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.7M | ||
| Q3 25 | $4.7M | $115.6M | ||
| Q2 25 | $1.4M | $117.3M | ||
| Q1 25 | — | $102.7M | ||
| Q4 24 | $3.3M | $110.7M | ||
| Q3 24 | $1.8M | $92.3M | ||
| Q2 24 | $1.3M | $114.0M | ||
| Q1 24 | $3.0M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $210.5M | ||
| Q3 25 | $-38.9M | $239.5M | ||
| Q2 25 | $-13.9M | $244.9M | ||
| Q1 25 | — | $269.6M | ||
| Q4 24 | $3.7M | $277.5M | ||
| Q3 24 | $9.6M | $308.9M | ||
| Q2 24 | $21.9M | $306.7M | ||
| Q1 24 | $27.2M | $314.6M |
| Q4 25 | — | $697.9M | ||
| Q3 25 | $280.6M | $715.2M | ||
| Q2 25 | $319.4M | $707.9M | ||
| Q1 25 | — | $712.6M | ||
| Q4 24 | $340.5M | $741.7M | ||
| Q3 24 | $346.3M | $756.7M | ||
| Q2 24 | $360.4M | $733.5M | ||
| Q1 24 | $368.1M | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-2.8M | $-25.0M |
| FCF MarginFCF / Revenue | -2.3% | -17.7% |
| Capex IntensityCapex / Revenue | 5.8% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $4.3M | $5.9M | ||
| Q2 25 | $4.0M | $12.2M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | $5.8M | $15.2M | ||
| Q3 24 | $4.7M | $15.5M | ||
| Q2 24 | $7.0M | $18.7M | ||
| Q1 24 | $164.0K | $9.6M |
| Q4 25 | — | $-25.0M | ||
| Q3 25 | $-2.8M | $2.5M | ||
| Q2 25 | $1.1M | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | $-1.3M | $-39.9M | ||
| Q3 24 | $-4.5M | $-33.6M | ||
| Q2 24 | $-1.6M | $4.1M | ||
| Q1 24 | $-15.2M | $-12.2M |
| Q4 25 | — | -17.7% | ||
| Q3 25 | -2.3% | 1.7% | ||
| Q2 25 | 0.9% | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | -1.1% | -24.0% | ||
| Q3 24 | -3.5% | -18.4% | ||
| Q2 24 | -1.4% | 2.2% | ||
| Q1 24 | -12.2% | -6.7% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | 5.8% | 2.3% | ||
| Q2 25 | 2.4% | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | 5.8% | 33.1% | ||
| Q3 24 | 7.2% | 26.9% | ||
| Q2 24 | 7.1% | 8.0% | ||
| Q1 24 | 12.3% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
