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Side-by-side financial comparison of NOODLES & Co (NDLS) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $122.1M, roughly 1.6× NOODLES & Co). ROGERS CORP runs the higher net margin — 2.2% vs -7.5%, a 9.7% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -4.1%). ROGERS CORP produced more free cash flow last quarter ($1.1M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
NDLS vs ROG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $200.5M |
| Net Profit | $-9.2M | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | -5.2% | — |
| Net Margin | -7.5% | 2.2% |
| Revenue YoY | -4.1% | 5.2% |
| Net Profit YoY | 32.8% | 421.4% |
| EPS (diluted) | $-0.20 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | — | $201.5M | ||
| Q3 25 | $122.1M | $216.0M | ||
| Q2 25 | $123.8M | $202.8M | ||
| Q1 25 | — | $190.5M | ||
| Q4 24 | $122.8M | $192.2M | ||
| Q3 24 | $127.4M | $210.3M | ||
| Q2 24 | $121.4M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $4.6M | ||
| Q3 25 | $-9.2M | $8.6M | ||
| Q2 25 | $-9.1M | $-73.6M | ||
| Q1 25 | — | $-1.4M | ||
| Q4 24 | $-6.8M | $-500.0K | ||
| Q3 24 | $-13.6M | $10.7M | ||
| Q2 24 | $-6.1M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | -5.2% | 7.3% | ||
| Q2 25 | -5.2% | -33.3% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | -3.9% | -6.6% | ||
| Q3 24 | -9.0% | 6.9% | ||
| Q2 24 | -3.4% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | -7.5% | 4.0% | ||
| Q2 25 | -7.3% | -36.3% | ||
| Q1 25 | — | -0.7% | ||
| Q4 24 | -5.5% | -0.3% | ||
| Q3 24 | -10.7% | 5.1% | ||
| Q2 24 | -5.1% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $-0.20 | $0.48 | ||
| Q2 25 | $-0.20 | $-4.00 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | $-0.15 | $-0.04 | ||
| Q3 24 | $-0.30 | $0.58 | ||
| Q2 24 | $-0.14 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $1.2B |
| Total Assets | $280.6M | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | — | $197.0M | ||
| Q3 25 | $4.7M | $167.8M | ||
| Q2 25 | $1.4M | $157.2M | ||
| Q1 25 | — | $175.6M | ||
| Q4 24 | $3.3M | $159.8M | ||
| Q3 24 | $1.8M | $146.4M | ||
| Q2 24 | $1.3M | $119.9M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $-38.9M | $1.2B | ||
| Q2 25 | $-13.9M | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $3.7M | $1.3B | ||
| Q3 24 | $9.6M | $1.3B | ||
| Q2 24 | $21.9M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $280.6M | $1.4B | ||
| Q2 25 | $319.4M | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $340.5M | $1.5B | ||
| Q3 24 | $346.3M | $1.5B | ||
| Q2 24 | $360.4M | $1.5B |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $-2.8M | $1.1M |
| FCF MarginFCF / Revenue | -2.3% | 0.5% |
| Capex IntensityCapex / Revenue | 5.8% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | — | $46.9M | ||
| Q3 25 | $4.3M | $28.9M | ||
| Q2 25 | $4.0M | $13.7M | ||
| Q1 25 | — | $11.7M | ||
| Q4 24 | $5.8M | $33.7M | ||
| Q3 24 | $4.7M | $42.4M | ||
| Q2 24 | $7.0M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | $-2.8M | $21.2M | ||
| Q2 25 | $1.1M | $5.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | $-1.3M | $18.3M | ||
| Q3 24 | $-4.5M | $25.2M | ||
| Q2 24 | $-1.6M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | -2.3% | 9.8% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | -1.1% | 9.5% | ||
| Q3 24 | -3.5% | 12.0% | ||
| Q2 24 | -1.4% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 5.8% | 3.6% | ||
| Q2 25 | 2.4% | 4.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | 5.8% | 8.0% | ||
| Q3 24 | 7.2% | 8.2% | ||
| Q2 24 | 7.1% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
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% |
ROG
Segment breakdown not available.
