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Side-by-side financial comparison of NOODLES & Co (NDLS) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.
Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $122.1M, roughly 1.8× NOODLES & Co). Shutterstock, Inc. runs the higher net margin — -7.3% vs -7.5%, a 0.2% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $-2.8M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% 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.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
NDLS vs SSTK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $220.2M |
| Net Profit | $-9.2M | $-16.0M |
| Gross Margin | — | 55.8% |
| Operating Margin | -5.2% | -1.1% |
| Net Margin | -7.5% | -7.3% |
| Revenue YoY | -4.1% | -12.0% |
| Net Profit YoY | 32.8% | -1021.0% |
| EPS (diluted) | $-0.20 | $-0.47 |
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 | — | $220.2M | ||
| Q3 25 | $122.1M | $260.1M | ||
| Q2 25 | $123.8M | $267.0M | ||
| Q1 25 | — | $242.6M | ||
| Q4 24 | $122.8M | $250.3M | ||
| Q3 24 | $127.4M | $250.6M | ||
| Q2 24 | $121.4M | $220.1M | ||
| Q1 24 | $124.3M | $214.3M |
| Q4 25 | — | $-16.0M | ||
| Q3 25 | $-9.2M | $13.4M | ||
| Q2 25 | $-9.1M | $29.4M | ||
| Q1 25 | — | $18.7M | ||
| Q4 24 | $-6.8M | $-1.4M | ||
| Q3 24 | $-13.6M | $17.6M | ||
| Q2 24 | $-6.1M | $3.6M | ||
| Q1 24 | $-6.1M | $16.1M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 60.6% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 58.8% |
| Q4 25 | — | -1.1% | ||
| Q3 25 | -5.2% | 12.5% | ||
| Q2 25 | -5.2% | 13.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | -3.9% | 5.3% | ||
| Q3 24 | -9.0% | 7.2% | ||
| Q2 24 | -3.4% | 9.4% | ||
| Q1 24 | -3.7% | 7.8% |
| Q4 25 | — | -7.3% | ||
| Q3 25 | -7.5% | 5.1% | ||
| Q2 25 | -7.3% | 11.0% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | -5.5% | -0.6% | ||
| Q3 24 | -10.7% | 7.0% | ||
| Q2 24 | -5.1% | 1.6% | ||
| Q1 24 | -4.9% | 7.5% |
| Q4 25 | — | $-0.47 | ||
| Q3 25 | $-0.20 | $0.37 | ||
| Q2 25 | $-0.20 | $0.82 | ||
| Q1 25 | — | $0.53 | ||
| Q4 24 | $-0.15 | $-0.04 | ||
| Q3 24 | $-0.30 | $0.50 | ||
| Q2 24 | $-0.14 | $0.10 | ||
| Q1 24 | $-1.64 | $0.45 |
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 | $178.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $581.0M |
| Total Assets | $280.6M | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $178.2M | ||
| Q3 25 | $4.7M | $165.5M | ||
| Q2 25 | $1.4M | $116.4M | ||
| Q1 25 | — | $112.2M | ||
| Q4 24 | $3.3M | $111.3M | ||
| Q3 24 | $1.8M | $131.4M | ||
| Q2 24 | $1.3M | $74.9M | ||
| Q1 24 | $3.0M | $71.8M |
| Q4 25 | — | $581.0M | ||
| Q3 25 | $-38.9M | $594.4M | ||
| Q2 25 | $-13.9M | $586.2M | ||
| Q1 25 | — | $547.2M | ||
| Q4 24 | $3.7M | $518.4M | ||
| Q3 24 | $9.6M | $522.9M | ||
| Q2 24 | $21.9M | $520.4M | ||
| Q1 24 | $27.2M | $541.3M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $280.6M | $1.4B | ||
| Q2 25 | $319.4M | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $340.5M | $1.3B | ||
| Q3 24 | $346.3M | $1.3B | ||
| Q2 24 | $360.4M | $1.0B | ||
| Q1 24 | $368.1M | $1.0B |
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 | $36.2M |
| Free Cash FlowOCF − Capex | $-2.8M | $25.9M |
| FCF MarginFCF / Revenue | -2.3% | 11.8% |
| Capex IntensityCapex / Revenue | 5.8% | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $36.2M | ||
| Q3 25 | $4.3M | $78.4M | ||
| Q2 25 | $4.0M | $26.8M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | $5.8M | $8.0M | ||
| Q3 24 | $4.7M | $-11.6M | ||
| Q2 24 | $7.0M | $28.0M | ||
| Q1 24 | $164.0K | $8.3M |
| Q4 25 | — | $25.9M | ||
| Q3 25 | $-2.8M | $68.0M | ||
| Q2 25 | $1.1M | $15.5M | ||
| Q1 25 | — | $14.4M | ||
| Q4 24 | $-1.3M | $-952.0K | ||
| Q3 24 | $-4.5M | $-26.3M | ||
| Q2 24 | $-1.6M | $18.9M | ||
| Q1 24 | $-15.2M | $-6.2M |
| Q4 25 | — | 11.8% | ||
| Q3 25 | -2.3% | 26.1% | ||
| Q2 25 | 0.9% | 5.8% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | -1.1% | -0.4% | ||
| Q3 24 | -3.5% | -10.5% | ||
| Q2 24 | -1.4% | 8.6% | ||
| Q1 24 | -12.2% | -2.9% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 5.8% | 4.0% | ||
| Q2 25 | 2.4% | 4.2% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | 5.8% | 3.6% | ||
| Q3 24 | 7.2% | 5.9% | ||
| Q2 24 | 7.1% | 4.1% | ||
| Q1 24 | 12.3% | 6.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.86× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.66× | ||
| Q2 24 | — | 7.71× | ||
| Q1 24 | — | 0.51× |
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% |
SSTK
Segment breakdown not available.
