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Side-by-side financial comparison of NOODLES & Co (NDLS) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $103.6M, roughly 1.2× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -7.5%, a 17.8% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -4.1%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-2.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
NDLS vs TCMD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $103.6M |
| Net Profit | $-9.2M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | -5.2% | 18.1% |
| Net Margin | -7.5% | 10.3% |
| Revenue YoY | -4.1% | 21.0% |
| Net Profit YoY | 32.8% | 9.4% |
| EPS (diluted) | $-0.20 | $0.45 |
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 | — | $103.6M | ||
| Q3 25 | $122.1M | $85.8M | ||
| Q2 25 | $123.8M | $78.9M | ||
| Q1 25 | — | $61.3M | ||
| Q4 24 | $122.8M | $85.6M | ||
| Q3 24 | $127.4M | $73.1M | ||
| Q2 24 | $121.4M | $73.2M | ||
| Q1 24 | $124.3M | $61.1M |
| Q4 25 | — | $10.6M | ||
| Q3 25 | $-9.2M | $8.2M | ||
| Q2 25 | $-9.1M | $3.2M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | $-6.8M | $9.7M | ||
| Q3 24 | $-13.6M | $5.2M | ||
| Q2 24 | $-6.1M | $4.3M | ||
| Q1 24 | $-6.1M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | — | 18.1% | ||
| Q3 25 | -5.2% | 12.8% | ||
| Q2 25 | -5.2% | 5.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | -3.9% | 14.6% | ||
| Q3 24 | -9.0% | 9.3% | ||
| Q2 24 | -3.4% | 8.0% | ||
| Q1 24 | -3.7% | -4.9% |
| Q4 25 | — | 10.3% | ||
| Q3 25 | -7.5% | 9.6% | ||
| Q2 25 | -7.3% | 4.1% | ||
| Q1 25 | — | -4.9% | ||
| Q4 24 | -5.5% | 11.4% | ||
| Q3 24 | -10.7% | 7.1% | ||
| Q2 24 | -5.1% | 5.9% | ||
| Q1 24 | -4.9% | -3.6% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | $-0.20 | $0.36 | ||
| Q2 25 | $-0.20 | $0.14 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | $-0.15 | $0.40 | ||
| Q3 24 | $-0.30 | $0.21 | ||
| Q2 24 | $-0.14 | $0.18 | ||
| Q1 24 | $-1.64 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $-38.9M | $218.9M |
| Total Assets | $280.6M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.4M | ||
| Q3 25 | $4.7M | $66.0M | ||
| Q2 25 | $1.4M | $81.5M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | $3.3M | $94.4M | ||
| Q3 24 | $1.8M | $82.1M | ||
| Q2 24 | $1.3M | $73.6M | ||
| Q1 24 | $3.0M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | — | $218.9M | ||
| Q3 25 | $-38.9M | $204.9M | ||
| Q2 25 | $-13.9M | $194.9M | ||
| Q1 25 | — | $205.6M | ||
| Q4 24 | $3.7M | $216.6M | ||
| Q3 24 | $9.6M | $207.9M | ||
| Q2 24 | $21.9M | $200.7M | ||
| Q1 24 | $27.2M | $193.5M |
| Q4 25 | — | $273.9M | ||
| Q3 25 | $280.6M | $259.2M | ||
| Q2 25 | $319.4M | $273.0M | ||
| Q1 25 | — | $280.2M | ||
| Q4 24 | $340.5M | $297.9M | ||
| Q3 24 | $346.3M | $287.7M | ||
| Q2 24 | $360.4M | $278.8M | ||
| Q1 24 | $368.1M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-2.8M | $16.8M |
| FCF MarginFCF / Revenue | -2.3% | 16.2% |
| Capex IntensityCapex / Revenue | 5.8% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.3M | ||
| Q3 25 | $4.3M | $10.3M | ||
| Q2 25 | $4.0M | $14.8M | ||
| Q1 25 | — | $417.0K | ||
| Q4 24 | $5.8M | $16.3M | ||
| Q3 24 | $4.7M | $10.3M | ||
| Q2 24 | $7.0M | $13.1M | ||
| Q1 24 | $164.0K | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | $-2.8M | $9.2M | ||
| Q2 25 | $1.1M | $14.4M | ||
| Q1 25 | — | $38.0K | ||
| Q4 24 | $-1.3M | $15.9M | ||
| Q3 24 | $-4.5M | $9.3M | ||
| Q2 24 | $-1.6M | $12.6M | ||
| Q1 24 | $-15.2M | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | -2.3% | 10.8% | ||
| Q2 25 | 0.9% | 18.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | -1.1% | 18.5% | ||
| Q3 24 | -3.5% | 12.7% | ||
| Q2 24 | -1.4% | 17.3% | ||
| Q1 24 | -12.2% | 0.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 5.8% | 1.3% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 5.8% | 0.5% | ||
| Q3 24 | 7.2% | 1.3% | ||
| Q2 24 | 7.1% | 0.7% | ||
| Q1 24 | 12.3% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
