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Side-by-side financial comparison of NOODLES & Co (NDLS) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $122.1M, roughly 1.4× NOODLES & Co). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -7.5%, a 32.8% gap on every dollar of revenue. On growth, PARK NATIONAL CORP posted the faster year-over-year revenue change (2.2% vs -4.1%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-2.8M). Over the past eight quarters, PARK NATIONAL CORP's revenue compounded faster (4.9% 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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
NDLS vs PRK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $168.3M |
| Net Profit | $-9.2M | $42.6M |
| Gross Margin | — | — |
| Operating Margin | -5.2% | — |
| Net Margin | -7.5% | 25.3% |
| Revenue YoY | -4.1% | 2.2% |
| Net Profit YoY | 32.8% | 10.4% |
| EPS (diluted) | $-0.20 | $2.62 |
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 | — | $168.3M | ||
| Q3 25 | $122.1M | $169.5M | ||
| Q2 25 | $123.8M | $168.7M | ||
| Q1 25 | — | $157.9M | ||
| Q4 24 | $122.8M | $164.7M | ||
| Q3 24 | $127.4M | $170.3M | ||
| Q2 24 | $121.4M | $157.7M | ||
| Q1 24 | $124.3M | $152.8M |
| Q4 25 | — | $42.6M | ||
| Q3 25 | $-9.2M | $47.2M | ||
| Q2 25 | $-9.1M | $48.1M | ||
| Q1 25 | — | $42.2M | ||
| Q4 24 | $-6.8M | $38.6M | ||
| Q3 24 | $-13.6M | $38.2M | ||
| Q2 24 | $-6.1M | $39.4M | ||
| Q1 24 | $-6.1M | $35.2M |
| Q4 25 | — | — | ||
| Q3 25 | -5.2% | 34.3% | ||
| Q2 25 | -5.2% | 35.2% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -9.0% | 27.4% | ||
| Q2 24 | -3.4% | 30.6% | ||
| Q1 24 | -3.7% | 27.8% |
| Q4 25 | — | 25.3% | ||
| Q3 25 | -7.5% | 27.8% | ||
| Q2 25 | -7.3% | 28.5% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | -5.5% | 23.5% | ||
| Q3 24 | -10.7% | 22.4% | ||
| Q2 24 | -5.1% | 25.0% | ||
| Q1 24 | -4.9% | 23.0% |
| Q4 25 | — | $2.62 | ||
| Q3 25 | $-0.20 | $2.92 | ||
| Q2 25 | $-0.20 | $2.97 | ||
| Q1 25 | — | $2.60 | ||
| Q4 24 | $-0.15 | $2.38 | ||
| Q3 24 | $-0.30 | $2.35 | ||
| Q2 24 | $-0.14 | $2.42 | ||
| Q1 24 | $-1.64 | $2.17 |
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 | $233.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $1.4B |
| Total Assets | $280.6M | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $233.5M | ||
| Q3 25 | $4.7M | $218.9M | ||
| Q2 25 | $1.4M | $193.1M | ||
| Q1 25 | — | $237.6M | ||
| Q4 24 | $3.3M | $160.6M | ||
| Q3 24 | $1.8M | $201.7M | ||
| Q2 24 | $1.3M | $261.5M | ||
| Q1 24 | $3.0M | $306.1M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $-38.9M | $1.3B | ||
| Q2 25 | $-13.9M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $3.7M | $1.2B | ||
| Q3 24 | $9.6M | $1.2B | ||
| Q2 24 | $21.9M | $1.2B | ||
| Q1 24 | $27.2M | $1.2B |
| Q4 25 | — | $9.8B | ||
| Q3 25 | $280.6M | $9.9B | ||
| Q2 25 | $319.4M | $9.9B | ||
| Q1 25 | — | $9.9B | ||
| Q4 24 | $340.5M | $9.8B | ||
| Q3 24 | $346.3M | $9.9B | ||
| Q2 24 | $360.4M | $9.9B | ||
| Q1 24 | $368.1M | $9.9B |
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 | $198.3M |
| Free Cash FlowOCF − Capex | $-2.8M | $191.9M |
| FCF MarginFCF / Revenue | -2.3% | 114.1% |
| Capex IntensityCapex / Revenue | 5.8% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $198.3M | ||
| Q3 25 | $4.3M | $52.6M | ||
| Q2 25 | $4.0M | $49.7M | ||
| Q1 25 | — | $37.9M | ||
| Q4 24 | $5.8M | $178.8M | ||
| Q3 24 | $4.7M | $43.8M | ||
| Q2 24 | $7.0M | $50.9M | ||
| Q1 24 | $164.0K | $35.0M |
| Q4 25 | — | $191.9M | ||
| Q3 25 | $-2.8M | $51.1M | ||
| Q2 25 | $1.1M | $48.4M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | $-1.3M | $169.7M | ||
| Q3 24 | $-4.5M | $41.7M | ||
| Q2 24 | $-1.6M | $49.0M | ||
| Q1 24 | $-15.2M | $31.9M |
| Q4 25 | — | 114.1% | ||
| Q3 25 | -2.3% | 30.1% | ||
| Q2 25 | 0.9% | 28.7% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | -1.1% | 103.0% | ||
| Q3 24 | -3.5% | 24.5% | ||
| Q2 24 | -1.4% | 31.1% | ||
| Q1 24 | -12.2% | 20.8% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | 5.8% | 0.9% | ||
| Q2 25 | 2.4% | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 5.8% | 5.6% | ||
| Q3 24 | 7.2% | 1.2% | ||
| Q2 24 | 7.1% | 1.2% | ||
| Q1 24 | 12.3% | 2.1% |
| Q4 25 | — | 4.65× | ||
| Q3 25 | — | 1.11× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 0.99× |
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% |
PRK
Segment breakdown not available.
