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Side-by-side financial comparison of NOODLES & Co (NDLS) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.
STRATASYS LTD. is the larger business by last-quarter revenue ($137.0M vs $122.1M, roughly 1.1× NOODLES & Co). NOODLES & Co runs the higher net margin — -7.5% vs -40.6%, a 33.1% gap on every dollar of revenue. On growth, STRATASYS LTD. posted the faster year-over-year revenue change (-2.2% vs -4.1%). STRATASYS LTD. produced more free cash flow last quarter ($2.5M 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.
Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.
NDLS vs SSYS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $137.0M |
| Net Profit | $-9.2M | $-55.6M |
| Gross Margin | — | 41.0% |
| Operating Margin | -5.2% | -16.6% |
| Net Margin | -7.5% | -40.6% |
| Revenue YoY | -4.1% | -2.2% |
| Net Profit YoY | 32.8% | -109.0% |
| EPS (diluted) | $-0.20 | — |
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.
| Q3 25 | $122.1M | $137.0M | ||
| Q2 25 | $123.8M | $138.1M | ||
| Q1 25 | — | $136.0M | ||
| Q4 24 | $122.8M | — | ||
| Q3 24 | $127.4M | $140.0M | ||
| Q2 24 | $121.4M | $138.0M | ||
| Q1 24 | $124.3M | $144.1M | ||
| Q4 23 | $127.9M | — |
| Q3 25 | $-9.2M | $-55.6M | ||
| Q2 25 | $-9.1M | $-16.7M | ||
| Q1 25 | — | $-13.1M | ||
| Q4 24 | $-6.8M | — | ||
| Q3 24 | $-13.6M | $-26.6M | ||
| Q2 24 | $-6.1M | $-25.7M | ||
| Q1 24 | $-6.1M | $-26.0M | ||
| Q4 23 | $700.0K | — |
| Q3 25 | — | 41.0% | ||
| Q2 25 | — | 43.1% | ||
| Q1 25 | — | 44.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 44.8% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 44.4% | ||
| Q4 23 | — | — |
| Q3 25 | -5.2% | -16.6% | ||
| Q2 25 | -5.2% | -12.0% | ||
| Q1 25 | — | -9.1% | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -9.0% | -18.2% | ||
| Q2 24 | -3.4% | -18.9% | ||
| Q1 24 | -3.7% | -17.0% | ||
| Q4 23 | 1.6% | — |
| Q3 25 | -7.5% | -40.6% | ||
| Q2 25 | -7.3% | -12.1% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | -5.5% | — | ||
| Q3 24 | -10.7% | -19.0% | ||
| Q2 24 | -5.1% | -18.6% | ||
| Q1 24 | -4.9% | -18.0% | ||
| Q4 23 | 0.5% | — |
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.20 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $-1.64 | — | ||
| Q4 23 | $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 | $71.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $852.5M |
| Total Assets | $280.6M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $4.7M | $71.5M | ||
| Q2 25 | $1.4M | $71.1M | ||
| Q1 25 | — | $70.1M | ||
| Q4 24 | $3.3M | — | ||
| Q3 24 | $1.8M | $64.0M | ||
| Q2 24 | $1.3M | $70.9M | ||
| Q1 24 | $3.0M | $91.1M | ||
| Q4 23 | $2.5M | — |
| Q3 25 | $-38.9M | $852.5M | ||
| Q2 25 | $-13.9M | $902.4M | ||
| Q1 25 | — | $784.8M | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $9.6M | $831.8M | ||
| Q2 24 | $21.9M | $850.5M | ||
| Q1 24 | $27.2M | $866.1M | ||
| Q4 23 | $32.5M | — |
| Q3 25 | $280.6M | $1.1B | ||
| Q2 25 | $319.4M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $340.5M | — | ||
| Q3 24 | $346.3M | $1.1B | ||
| Q2 24 | $360.4M | $1.1B | ||
| Q1 24 | $368.1M | $1.1B | ||
| Q4 23 | $368.8M | — |
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 | $6.9M |
| Free Cash FlowOCF − Capex | $-2.8M | $2.5M |
| FCF MarginFCF / Revenue | -2.3% | 1.8% |
| Capex IntensityCapex / Revenue | 5.8% | 3.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $-11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $4.3M | $6.9M | ||
| Q2 25 | $4.0M | $-1.1M | ||
| Q1 25 | — | $4.5M | ||
| Q4 24 | $5.8M | — | ||
| Q3 24 | $4.7M | $-4.5M | ||
| Q2 24 | $7.0M | $-2.4M | ||
| Q1 24 | $164.0K | $7.3M | ||
| Q4 23 | $16.9M | — |
| Q3 25 | $-2.8M | $2.5M | ||
| Q2 25 | $1.1M | $-8.4M | ||
| Q1 25 | — | $789.0K | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-4.5M | $-6.3M | ||
| Q2 24 | $-1.6M | $-4.9M | ||
| Q1 24 | $-15.2M | $5.0M | ||
| Q4 23 | $4.1M | — |
| Q3 25 | -2.3% | 1.8% | ||
| Q2 25 | 0.9% | -6.1% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | -3.5% | -4.5% | ||
| Q2 24 | -1.4% | -3.6% | ||
| Q1 24 | -12.2% | 3.5% | ||
| Q4 23 | 3.2% | — |
| Q3 25 | 5.8% | 3.2% | ||
| Q2 25 | 2.4% | 5.3% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 7.2% | 1.3% | ||
| Q2 24 | 7.1% | 1.8% | ||
| Q1 24 | 12.3% | 1.6% | ||
| Q4 23 | 10.0% | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 24.21× | — |
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% |
SSYS
Segment breakdown not available.
