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Side-by-side financial comparison of NOODLES & Co (NDLS) and STONERIDGE INC (SRI). Click either name above to swap in a different company.
STONERIDGE INC is the larger business by last-quarter revenue ($205.2M vs $122.1M, roughly 1.7× NOODLES & Co). On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -6.0%). STONERIDGE INC produced more free cash flow last quarter ($2.6M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -7.4%).
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.
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
NDLS vs SRI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $205.2M |
| Net Profit | $-9.2M | — |
| Gross Margin | — | 16.2% |
| Operating Margin | -5.2% | -14.4% |
| Net Margin | -7.5% | — |
| Revenue YoY | -4.1% | -6.0% |
| Net Profit YoY | 32.8% | — |
| EPS (diluted) | $-0.20 | $-2.76 |
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 | — | $205.2M | ||
| Q3 25 | $122.1M | $210.3M | ||
| Q2 25 | $123.8M | $228.0M | ||
| Q1 25 | — | $217.9M | ||
| Q4 24 | $122.8M | $218.2M | ||
| Q3 24 | $127.4M | $213.8M | ||
| Q2 24 | $121.4M | $237.1M | ||
| Q1 24 | $124.3M | $239.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-9.2M | $-9.4M | ||
| Q2 25 | $-9.1M | $-9.4M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | $-6.8M | — | ||
| Q3 24 | $-13.6M | $-7.1M | ||
| Q2 24 | $-6.1M | $2.8M | ||
| Q1 24 | $-6.1M | $-6.1M |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | — | -14.4% | ||
| Q3 25 | -5.2% | -1.6% | ||
| Q2 25 | -5.2% | -1.1% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | -3.9% | -2.0% | ||
| Q3 24 | -9.0% | 0.1% | ||
| Q2 24 | -3.4% | 1.4% | ||
| Q1 24 | -3.7% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -7.5% | -4.5% | ||
| Q2 25 | -7.3% | -4.1% | ||
| Q1 25 | — | -3.3% | ||
| Q4 24 | -5.5% | — | ||
| Q3 24 | -10.7% | -3.3% | ||
| Q2 24 | -5.1% | 1.2% | ||
| Q1 24 | -4.9% | -2.6% |
| Q4 25 | — | $-2.76 | ||
| Q3 25 | $-0.20 | $-0.34 | ||
| Q2 25 | $-0.20 | $-0.34 | ||
| Q1 25 | — | $-0.26 | ||
| Q4 24 | $-0.15 | $-0.22 | ||
| Q3 24 | $-0.30 | $-0.26 | ||
| Q2 24 | $-0.14 | $0.10 | ||
| Q1 24 | $-1.64 | $-0.22 |
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 | $66.3M |
| Total DebtLower is stronger | — | $180.9M |
| Stockholders' EquityBook value | $-38.9M | $179.8M |
| Total Assets | $280.6M | $551.2M |
| Debt / EquityLower = less leverage | — | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.3M | ||
| Q3 25 | $4.7M | $54.0M | ||
| Q2 25 | $1.4M | $49.8M | ||
| Q1 25 | — | $79.1M | ||
| Q4 24 | $3.3M | $71.8M | ||
| Q3 24 | $1.8M | $54.1M | ||
| Q2 24 | $1.3M | $42.1M | ||
| Q1 24 | $3.0M | $48.4M |
| Q4 25 | — | $180.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $201.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $179.8M | ||
| Q3 25 | $-38.9M | $251.2M | ||
| Q2 25 | $-13.9M | $260.5M | ||
| Q1 25 | — | $253.1M | ||
| Q4 24 | $3.7M | $245.3M | ||
| Q3 24 | $9.6M | $271.4M | ||
| Q2 24 | $21.9M | $270.5M | ||
| Q1 24 | $27.2M | $277.3M |
| Q4 25 | — | $551.2M | ||
| Q3 25 | $280.6M | $632.1M | ||
| Q2 25 | $319.4M | $639.4M | ||
| Q1 25 | — | $657.4M | ||
| Q4 24 | $340.5M | $621.6M | ||
| Q3 24 | $346.3M | $662.5M | ||
| Q2 24 | $360.4M | $666.7M | ||
| Q1 24 | $368.1M | $675.4M |
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.8M |
| Free Cash FlowOCF − Capex | $-2.8M | $2.6M |
| FCF MarginFCF / Revenue | -2.3% | 1.3% |
| Capex IntensityCapex / Revenue | 5.8% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.8M | ||
| Q3 25 | $4.3M | $3.6M | ||
| Q2 25 | $4.0M | $10.7M | ||
| Q1 25 | — | $10.9M | ||
| Q4 24 | $5.8M | $19.2M | ||
| Q3 24 | $4.7M | $10.8M | ||
| Q2 24 | $7.0M | $8.7M | ||
| Q1 24 | $164.0K | $9.1M |
| Q4 25 | — | $2.6M | ||
| Q3 25 | $-2.8M | $-2.7M | ||
| Q2 25 | $1.1M | $7.4M | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | $-1.3M | $14.0M | ||
| Q3 24 | $-4.5M | $4.6M | ||
| Q2 24 | $-1.6M | $1.5M | ||
| Q1 24 | $-15.2M | $3.3M |
| Q4 25 | — | 1.3% | ||
| Q3 25 | -2.3% | -1.3% | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | -1.1% | 6.4% | ||
| Q3 24 | -3.5% | 2.2% | ||
| Q2 24 | -1.4% | 0.6% | ||
| Q1 24 | -12.2% | 1.4% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | 5.8% | 3.0% | ||
| Q2 25 | 2.4% | 1.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 5.8% | 2.4% | ||
| Q3 24 | 7.2% | 2.9% | ||
| Q2 24 | 7.1% | 3.0% | ||
| Q1 24 | 12.3% | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.11× | ||
| 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% |
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
