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Side-by-side financial comparison of NOODLES & Co (NDLS) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $122.1M, roughly 1.9× NOODLES & Co). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs -7.5%, a 9.8% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -12.3%). RADIANT LOGISTICS, INC produced more free cash flow last quarter ($11.6M vs $-2.8M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
NDLS vs RLGT — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $232.1M |
| Net Profit | $-9.2M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | -5.2% | 3.2% |
| Net Margin | -7.5% | 2.3% |
| Revenue YoY | -4.1% | -12.3% |
| Net Profit YoY | 32.8% | -18.0% |
| EPS (diluted) | $-0.20 | $0.11 |
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 | — | $232.1M | ||
| Q3 25 | $122.1M | $226.7M | ||
| Q2 25 | $123.8M | $220.6M | ||
| Q1 25 | — | $214.0M | ||
| Q4 24 | $122.8M | $264.5M | ||
| Q3 24 | $127.4M | $203.6M | ||
| Q2 24 | $121.4M | $206.0M | ||
| Q1 24 | $124.3M | $184.6M |
| Q4 25 | — | $5.3M | ||
| Q3 25 | $-9.2M | $1.3M | ||
| Q2 25 | $-9.1M | $4.9M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | $-6.8M | $6.5M | ||
| Q3 24 | $-13.6M | $3.4M | ||
| Q2 24 | $-6.1M | $4.8M | ||
| Q1 24 | $-6.1M | $-703.0K |
| Q4 25 | — | 3.2% | ||
| Q3 25 | -5.2% | 0.9% | ||
| Q2 25 | -5.2% | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | -3.9% | 3.3% | ||
| Q3 24 | -9.0% | 1.9% | ||
| Q2 24 | -3.4% | 2.4% | ||
| Q1 24 | -3.7% | -0.5% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | -7.5% | 0.6% | ||
| Q2 25 | -7.3% | 2.2% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | -5.5% | 2.4% | ||
| Q3 24 | -10.7% | 1.7% | ||
| Q2 24 | -5.1% | 2.3% | ||
| Q1 24 | -4.9% | -0.4% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $-0.20 | $0.03 | ||
| Q2 25 | $-0.20 | $0.10 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | $-0.15 | $0.13 | ||
| Q3 24 | $-0.30 | $0.07 | ||
| Q2 24 | $-0.14 | $0.11 | ||
| Q1 24 | $-1.64 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $229.8M |
| Total Assets | $280.6M | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.9M | ||
| Q3 25 | $4.7M | $28.1M | ||
| Q2 25 | $1.4M | $22.9M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | $3.3M | $19.9M | ||
| Q3 24 | $1.8M | $10.4M | ||
| Q2 24 | $1.3M | $24.9M | ||
| Q1 24 | $3.0M | $31.2M |
| Q4 25 | — | $229.8M | ||
| Q3 25 | $-38.9M | $225.7M | ||
| Q2 25 | $-13.9M | $226.0M | ||
| Q1 25 | — | $218.2M | ||
| Q4 24 | $3.7M | $214.4M | ||
| Q3 24 | $9.6M | $212.4M | ||
| Q2 24 | $21.9M | $209.4M | ||
| Q1 24 | $27.2M | $206.0M |
| Q4 25 | — | $439.4M | ||
| Q3 25 | $280.6M | $445.3M | ||
| Q2 25 | $319.4M | $426.8M | ||
| Q1 25 | — | $414.5M | ||
| Q4 24 | $340.5M | $386.8M | ||
| Q3 24 | $346.3M | $375.3M | ||
| Q2 24 | $360.4M | $371.2M | ||
| Q1 24 | $368.1M | $364.0M |
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 | $12.4M |
| Free Cash FlowOCF − Capex | $-2.8M | $11.6M |
| FCF MarginFCF / Revenue | -2.3% | 5.0% |
| Capex IntensityCapex / Revenue | 5.8% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.4M | ||
| Q3 25 | $4.3M | $2.5M | ||
| Q2 25 | $4.0M | $3.1M | ||
| Q1 25 | — | $-5.7M | ||
| Q4 24 | $5.8M | $15.7M | ||
| Q3 24 | $4.7M | $205.0K | ||
| Q2 24 | $7.0M | $1.3M | ||
| Q1 24 | $164.0K | $3.9M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | $-2.8M | $977.0K | ||
| Q2 25 | $1.1M | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | $-1.3M | $14.1M | ||
| Q3 24 | $-4.5M | $-1.9M | ||
| Q2 24 | $-1.6M | $-185.0K | ||
| Q1 24 | $-15.2M | $1.8M |
| Q4 25 | — | 5.0% | ||
| Q3 25 | -2.3% | 0.4% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | -1.1% | 5.3% | ||
| Q3 24 | -3.5% | -0.9% | ||
| Q2 24 | -1.4% | -0.1% | ||
| Q1 24 | -12.2% | 1.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 5.8% | 0.7% | ||
| Q2 25 | 2.4% | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 5.8% | 0.6% | ||
| Q3 24 | 7.2% | 1.0% | ||
| Q2 24 | 7.1% | 0.7% | ||
| Q1 24 | 12.3% | 1.2% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
