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Side-by-side financial comparison of NOODLES & Co (NDLS) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $122.1M, roughly 1.0× NOODLES & Co). PagerDuty, Inc. runs the higher net margin — 129.7% vs -7.5%, a 137.2% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -4.1%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-2.8M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
NDLS vs PD — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $124.5M |
| Net Profit | $-9.2M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | -5.2% | 6.5% |
| Net Margin | -7.5% | 129.7% |
| Revenue YoY | -4.1% | 4.7% |
| Net Profit YoY | 32.8% | 2827.7% |
| EPS (diluted) | $-0.20 | $1.69 |
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 | — | $124.5M | ||
| Q3 25 | $122.1M | $123.4M | ||
| Q2 25 | $123.8M | $119.8M | ||
| Q1 25 | — | $121.4M | ||
| Q4 24 | $122.8M | $118.9M | ||
| Q3 24 | $127.4M | $115.9M | ||
| Q2 24 | $121.4M | $111.2M | ||
| Q1 24 | $124.3M | $111.1M |
| Q4 25 | — | $161.6M | ||
| Q3 25 | $-9.2M | $9.6M | ||
| Q2 25 | $-9.1M | $-7.2M | ||
| Q1 25 | — | $-8.8M | ||
| Q4 24 | $-6.8M | $-5.9M | ||
| Q3 24 | $-13.6M | $-10.9M | ||
| Q2 24 | $-6.1M | $-17.1M | ||
| Q1 24 | $-6.1M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | -5.2% | 2.9% | ||
| Q2 25 | -5.2% | -8.6% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | -3.9% | -8.7% | ||
| Q3 24 | -9.0% | -13.8% | ||
| Q2 24 | -3.4% | -19.5% | ||
| Q1 24 | -3.7% | -30.1% |
| Q4 25 | — | 129.7% | ||
| Q3 25 | -7.5% | 7.8% | ||
| Q2 25 | -7.3% | -6.0% | ||
| Q1 25 | — | -7.2% | ||
| Q4 24 | -5.5% | -5.0% | ||
| Q3 24 | -10.7% | -9.4% | ||
| Q2 24 | -5.1% | -15.4% | ||
| Q1 24 | -4.9% | -25.3% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | $-0.20 | $0.10 | ||
| Q2 25 | $-0.20 | $-0.07 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | $-0.15 | $-0.07 | ||
| Q3 24 | $-0.30 | $-0.14 | ||
| Q2 24 | $-0.14 | $-0.26 | ||
| Q1 24 | $-1.64 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $320.5M |
| Total Assets | $280.6M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $547.8M | ||
| Q3 25 | $4.7M | $567.9M | ||
| Q2 25 | $1.4M | $597.1M | ||
| Q1 25 | — | $570.8M | ||
| Q4 24 | $3.3M | $542.2M | ||
| Q3 24 | $1.8M | $599.3M | ||
| Q2 24 | $1.3M | $592.8M | ||
| Q1 24 | $3.0M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | — | $320.5M | ||
| Q3 25 | $-38.9M | $180.7M | ||
| Q2 25 | $-13.9M | $145.7M | ||
| Q1 25 | — | $129.8M | ||
| Q4 24 | $3.7M | $111.6M | ||
| Q3 24 | $9.6M | $164.7M | ||
| Q2 24 | $21.9M | $174.0M | ||
| Q1 24 | $27.2M | $171.6M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $280.6M | $891.5M | ||
| Q2 25 | $319.4M | $926.8M | ||
| Q1 25 | — | $927.3M | ||
| Q4 24 | $340.5M | $866.8M | ||
| Q3 24 | $346.3M | $916.0M | ||
| Q2 24 | $360.4M | $924.0M | ||
| Q1 24 | $368.1M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $-2.8M | $24.1M |
| FCF MarginFCF / Revenue | -2.3% | 19.3% |
| Capex IntensityCapex / Revenue | 5.8% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.8M | ||
| Q3 25 | $4.3M | $34.0M | ||
| Q2 25 | $4.0M | $30.7M | ||
| Q1 25 | — | $31.4M | ||
| Q4 24 | $5.8M | $22.1M | ||
| Q3 24 | $4.7M | $35.8M | ||
| Q2 24 | $7.0M | $28.6M | ||
| Q1 24 | $164.0K | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | $-2.8M | $33.1M | ||
| Q2 25 | $1.1M | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | $-1.3M | $21.5M | ||
| Q3 24 | $-4.5M | $35.1M | ||
| Q2 24 | $-1.6M | $28.2M | ||
| Q1 24 | $-15.2M | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | -2.3% | 26.8% | ||
| Q2 25 | 0.9% | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | -1.1% | 18.1% | ||
| Q3 24 | -3.5% | 30.3% | ||
| Q2 24 | -1.4% | 25.4% | ||
| Q1 24 | -12.2% | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | 5.8% | 0.7% | ||
| Q2 25 | 2.4% | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | 5.8% | 0.5% | ||
| Q3 24 | 7.2% | 0.5% | ||
| Q2 24 | 7.1% | 0.4% | ||
| Q1 24 | 12.3% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| 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
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
