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Side-by-side financial comparison of NOODLES & Co (NDLS) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $122.1M, roughly 1.7× NOODLES & Co). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -7.5%, a 26.3% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -4.1%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
NDLS vs RAMP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $212.2M |
| Net Profit | $-9.2M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | -5.2% | 18.6% |
| Net Margin | -7.5% | 18.8% |
| Revenue YoY | -4.1% | 8.6% |
| Net Profit YoY | 32.8% | 255.7% |
| EPS (diluted) | $-0.20 | $0.62 |
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 | — | $212.2M | ||
| Q3 25 | $122.1M | $199.8M | ||
| Q2 25 | $123.8M | $194.8M | ||
| Q1 25 | — | $188.7M | ||
| Q4 24 | $122.8M | $195.4M | ||
| Q3 24 | $127.4M | $185.5M | ||
| Q2 24 | $121.4M | $176.0M | ||
| Q1 24 | $124.3M | $171.9M |
| Q4 25 | — | $39.9M | ||
| Q3 25 | $-9.2M | $27.4M | ||
| Q2 25 | $-9.1M | $7.7M | ||
| Q1 25 | — | $-6.3M | ||
| Q4 24 | $-6.8M | $11.2M | ||
| Q3 24 | $-13.6M | $1.7M | ||
| Q2 24 | $-6.1M | $-7.5M | ||
| Q1 24 | $-6.1M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | — | 18.6% | ||
| Q3 25 | -5.2% | 10.7% | ||
| Q2 25 | -5.2% | 3.7% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | -3.9% | 7.5% | ||
| Q3 24 | -9.0% | 4.0% | ||
| Q2 24 | -3.4% | -3.0% | ||
| Q1 24 | -3.7% | -8.3% |
| Q4 25 | — | 18.8% | ||
| Q3 25 | -7.5% | 13.7% | ||
| Q2 25 | -7.3% | 4.0% | ||
| Q1 25 | — | -3.3% | ||
| Q4 24 | -5.5% | 5.7% | ||
| Q3 24 | -10.7% | 0.9% | ||
| Q2 24 | -5.1% | -4.3% | ||
| Q1 24 | -4.9% | -3.1% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $-0.20 | $0.42 | ||
| Q2 25 | $-0.20 | $0.12 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | $-0.15 | $0.17 | ||
| Q3 24 | $-0.30 | $0.03 | ||
| Q2 24 | $-0.14 | $-0.11 | ||
| Q1 24 | $-1.64 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $962.3M |
| Total Assets | $280.6M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $403.4M | ||
| Q3 25 | $4.7M | $376.9M | ||
| Q2 25 | $1.4M | $371.1M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | $3.3M | $384.3M | ||
| Q3 24 | $1.8M | $348.4M | ||
| Q2 24 | $1.3M | $342.7M | ||
| Q1 24 | $3.0M | $368.9M |
| Q4 25 | — | $962.3M | ||
| Q3 25 | $-38.9M | $943.8M | ||
| Q2 25 | $-13.9M | $947.8M | ||
| Q1 25 | — | $948.9M | ||
| Q4 24 | $3.7M | $957.7M | ||
| Q3 24 | $9.6M | $932.1M | ||
| Q2 24 | $21.9M | $951.9M | ||
| Q1 24 | $27.2M | $949.1M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $280.6M | $1.2B | ||
| Q2 25 | $319.4M | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $340.5M | $1.3B | ||
| Q3 24 | $346.3M | $1.2B | ||
| Q2 24 | $360.4M | $1.2B | ||
| Q1 24 | $368.1M | $1.2B |
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 | — |
| Free Cash FlowOCF − Capex | $-2.8M | — |
| FCF MarginFCF / Revenue | -2.3% | — |
| Capex IntensityCapex / Revenue | 5.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $4.3M | $57.4M | ||
| Q2 25 | $4.0M | $-15.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.8M | $45.1M | ||
| Q3 24 | $4.7M | $55.6M | ||
| Q2 24 | $7.0M | $-9.3M | ||
| Q1 24 | $164.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | $-2.8M | $56.8M | ||
| Q2 25 | $1.1M | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | $-1.3M | $44.8M | ||
| Q3 24 | $-4.5M | $55.4M | ||
| Q2 24 | $-1.6M | $-9.6M | ||
| Q1 24 | $-15.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | -2.3% | 28.4% | ||
| Q2 25 | 0.9% | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.1% | 22.9% | ||
| Q3 24 | -3.5% | 29.8% | ||
| Q2 24 | -1.4% | -5.4% | ||
| Q1 24 | -12.2% | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 5.8% | 0.3% | ||
| Q2 25 | 2.4% | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 5.8% | 0.1% | ||
| Q3 24 | 7.2% | 0.1% | ||
| Q2 24 | 7.1% | 0.1% | ||
| Q1 24 | 12.3% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| 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% |
RAMP
Segment breakdown not available.
