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Side-by-side financial comparison of NOODLES & Co (NDLS) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $122.1M, roughly 1.4× NOODLES & Co). QUALYS, INC. runs the higher net margin — 30.3% vs -7.5%, a 37.8% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -4.1%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-2.8M). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% 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.
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
NDLS vs QLYS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $175.3M |
| Net Profit | $-9.2M | $53.1M |
| Gross Margin | — | 83.4% |
| Operating Margin | -5.2% | 33.6% |
| Net Margin | -7.5% | 30.3% |
| Revenue YoY | -4.1% | 10.1% |
| Net Profit YoY | 32.8% | 20.9% |
| EPS (diluted) | $-0.20 | $1.47 |
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 | — | $175.3M | ||
| Q3 25 | $122.1M | $169.9M | ||
| Q2 25 | $123.8M | $164.1M | ||
| Q1 25 | — | $159.9M | ||
| Q4 24 | $122.8M | $159.2M | ||
| Q3 24 | $127.4M | $153.9M | ||
| Q2 24 | $121.4M | $148.7M | ||
| Q1 24 | $124.3M | $145.8M |
| Q4 25 | — | $53.1M | ||
| Q3 25 | $-9.2M | $50.3M | ||
| Q2 25 | $-9.1M | $47.3M | ||
| Q1 25 | — | $47.5M | ||
| Q4 24 | $-6.8M | $44.0M | ||
| Q3 24 | $-13.6M | $46.2M | ||
| Q2 24 | $-6.1M | $43.8M | ||
| Q1 24 | $-6.1M | $39.7M |
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% | ||
| Q1 24 | — | 81.3% |
| Q4 25 | — | 33.6% | ||
| Q3 25 | -5.2% | 35.3% | ||
| Q2 25 | -5.2% | 31.3% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | -3.9% | 31.0% | ||
| Q3 24 | -9.0% | 29.2% | ||
| Q2 24 | -3.4% | 32.3% | ||
| Q1 24 | -3.7% | 30.7% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | -7.5% | 29.6% | ||
| Q2 25 | -7.3% | 28.8% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | -5.5% | 27.6% | ||
| Q3 24 | -10.7% | 30.0% | ||
| Q2 24 | -5.1% | 29.4% | ||
| Q1 24 | -4.9% | 27.2% |
| Q4 25 | — | $1.47 | ||
| Q3 25 | $-0.20 | $1.39 | ||
| Q2 25 | $-0.20 | $1.29 | ||
| Q1 25 | — | $1.29 | ||
| Q4 24 | $-0.15 | $1.19 | ||
| Q3 24 | $-0.30 | $1.24 | ||
| Q2 24 | $-0.14 | $1.17 | ||
| Q1 24 | $-1.64 | $1.05 |
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 | $250.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $561.2M |
| Total Assets | $280.6M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $250.3M | ||
| Q3 25 | $4.7M | $225.3M | ||
| Q2 25 | $1.4M | $194.0M | ||
| Q1 25 | — | $290.7M | ||
| Q4 24 | $3.3M | $232.2M | ||
| Q3 24 | $1.8M | $235.4M | ||
| Q2 24 | $1.3M | $281.2M | ||
| Q1 24 | $3.0M | $273.8M |
| Q4 25 | — | $561.2M | ||
| Q3 25 | $-38.9M | $529.4M | ||
| Q2 25 | $-13.9M | $508.2M | ||
| Q1 25 | — | $498.0M | ||
| Q4 24 | $3.7M | $477.1M | ||
| Q3 24 | $9.6M | $449.6M | ||
| Q2 24 | $21.9M | $427.8M | ||
| Q1 24 | $27.2M | $404.2M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $280.6M | $1.0B | ||
| Q2 25 | $319.4M | $999.5M | ||
| Q1 25 | — | $996.5M | ||
| Q4 24 | $340.5M | $973.5M | ||
| Q3 24 | $346.3M | $908.3M | ||
| Q2 24 | $360.4M | $876.6M | ||
| Q1 24 | $368.1M | $861.8M |
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 | $75.7M |
| Free Cash FlowOCF − Capex | $-2.8M | $74.9M |
| FCF MarginFCF / Revenue | -2.3% | 42.8% |
| Capex IntensityCapex / Revenue | 5.8% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $75.7M | ||
| Q3 25 | $4.3M | $90.4M | ||
| Q2 25 | $4.0M | $33.8M | ||
| Q1 25 | — | $109.6M | ||
| Q4 24 | $5.8M | $47.7M | ||
| Q3 24 | $4.7M | $61.0M | ||
| Q2 24 | $7.0M | $49.8M | ||
| Q1 24 | $164.0K | $85.5M |
| Q4 25 | — | $74.9M | ||
| Q3 25 | $-2.8M | $89.5M | ||
| Q2 25 | $1.1M | $32.4M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | $-1.3M | $41.9M | ||
| Q3 24 | $-4.5M | $57.6M | ||
| Q2 24 | $-1.6M | $48.8M | ||
| Q1 24 | $-15.2M | $83.5M |
| Q4 25 | — | 42.8% | ||
| Q3 25 | -2.3% | 52.7% | ||
| Q2 25 | 0.9% | 19.8% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | -1.1% | 26.3% | ||
| Q3 24 | -3.5% | 37.4% | ||
| Q2 24 | -1.4% | 32.8% | ||
| Q1 24 | -12.2% | 57.2% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 5.8% | 0.5% | ||
| Q2 25 | 2.4% | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 5.8% | 3.7% | ||
| Q3 24 | 7.2% | 2.2% | ||
| Q2 24 | 7.1% | 0.7% | ||
| Q1 24 | 12.3% | 1.4% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 2.15× |
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% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
