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Side-by-side financial comparison of NOODLES & Co (NDLS) and TWIN DISC INC (TWIN). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $90.2M, roughly 1.4× TWIN DISC INC). TWIN DISC INC runs the higher net margin — 24.8% vs -7.5%, a 32.3% gap on every dollar of revenue. On growth, TWIN DISC INC posted the faster year-over-year revenue change (0.3% vs -4.1%). TWIN DISC INC produced more free cash flow last quarter ($1.2M vs $-2.8M). Over the past eight quarters, TWIN DISC INC's revenue compounded faster (10.3% 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.
Twin Disc, Inc. designs, manufactures, and distributes power transmission equipment for a wide range of applications, including marine, off-road vehicle, and industrial. The company was founded in 1918 to manufacture clutches for farm tractors. It is now a worldwide company with subsidiaries or sales offices in Asia, Europe, North America, Oceania, and South America.
NDLS vs TWIN — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $90.2M |
| Net Profit | $-9.2M | $22.4M |
| Gross Margin | — | 24.8% |
| Operating Margin | -5.2% | 2.3% |
| Net Margin | -7.5% | 24.8% |
| Revenue YoY | -4.1% | 0.3% |
| Net Profit YoY | 32.8% | 2334.3% |
| EPS (diluted) | $-0.20 | $1.55 |
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 | — | $90.2M | ||
| Q3 25 | $122.1M | $80.0M | ||
| Q2 25 | $123.8M | $96.7M | ||
| Q1 25 | — | $81.2M | ||
| Q4 24 | $122.8M | $89.9M | ||
| Q3 24 | $127.4M | $72.9M | ||
| Q2 24 | $121.4M | $84.4M | ||
| Q1 24 | $124.3M | $74.2M |
| Q4 25 | — | $22.4M | ||
| Q3 25 | $-9.2M | $-518.0K | ||
| Q2 25 | $-9.1M | $1.4M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | $-6.8M | $919.0K | ||
| Q3 24 | $-13.6M | $-2.8M | ||
| Q2 24 | $-6.1M | $7.4M | ||
| Q1 24 | $-6.1M | $3.8M |
| Q4 25 | — | 24.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 24.1% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 29.7% | ||
| Q1 24 | — | 28.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | -5.2% | 2.8% | ||
| Q2 25 | -5.2% | 5.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | -3.9% | 3.1% | ||
| Q3 24 | -9.0% | -0.2% | ||
| Q2 24 | -3.4% | 5.6% | ||
| Q1 24 | -3.7% | 4.9% |
| Q4 25 | — | 24.8% | ||
| Q3 25 | -7.5% | -0.6% | ||
| Q2 25 | -7.3% | 1.5% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | -5.5% | 1.0% | ||
| Q3 24 | -10.7% | -3.8% | ||
| Q2 24 | -5.1% | 8.8% | ||
| Q1 24 | -4.9% | 5.2% |
| Q4 25 | — | $1.55 | ||
| Q3 25 | $-0.20 | $-0.04 | ||
| Q2 25 | $-0.20 | $0.10 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | $-0.15 | $0.07 | ||
| Q3 24 | $-0.30 | $-0.20 | ||
| Q2 24 | $-0.14 | $0.54 | ||
| Q1 24 | $-1.64 | $0.27 |
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 | — |
| Total DebtLower is stronger | — | $44.5M |
| Stockholders' EquityBook value | $-38.9M | $184.5M |
| Total Assets | $280.6M | $384.0M |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $4.7M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.3M | — | ||
| Q3 24 | $1.8M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $3.0M | — |
| Q4 25 | — | $44.5M | ||
| Q3 25 | — | $43.7M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $40.8M | ||
| Q4 24 | — | $24.9M | ||
| Q3 24 | — | $29.8M | ||
| Q2 24 | — | $25.8M | ||
| Q1 24 | — | $17.0M |
| Q4 25 | — | $184.5M | ||
| Q3 25 | $-38.9M | $160.3M | ||
| Q2 25 | $-13.9M | $164.0M | ||
| Q1 25 | — | $149.5M | ||
| Q4 24 | $3.7M | $147.0M | ||
| Q3 24 | $9.6M | $157.5M | ||
| Q2 24 | $21.9M | $154.7M | ||
| Q1 24 | $27.2M | $146.3M |
| Q4 25 | — | $384.0M | ||
| Q3 25 | $280.6M | $363.5M | ||
| Q2 25 | $319.4M | $355.6M | ||
| Q1 25 | — | $332.9M | ||
| Q4 24 | $340.5M | $307.4M | ||
| Q3 24 | $346.3M | $323.5M | ||
| Q2 24 | $360.4M | $312.1M | ||
| Q1 24 | $368.1M | $288.8M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.17× | ||
| Q1 24 | — | 0.12× |
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 | $4.6M |
| Free Cash FlowOCF − Capex | $-2.8M | $1.2M |
| FCF MarginFCF / Revenue | -2.3% | 1.4% |
| Capex IntensityCapex / Revenue | 5.8% | 3.7% |
| Cash ConversionOCF / Net Profit | — | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $-70.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.6M | ||
| Q3 25 | $4.3M | $-7.5M | ||
| Q2 25 | $4.0M | $16.4M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | $5.8M | $8.7M | ||
| Q3 24 | $4.7M | $-4.3M | ||
| Q2 24 | $7.0M | $11.4M | ||
| Q1 24 | $164.0K | $6.2M |
| Q4 25 | — | $1.2M | ||
| Q3 25 | $-2.8M | $-11.0M | ||
| Q2 25 | $1.1M | $8.7M | ||
| Q1 25 | — | $906.0K | ||
| Q4 24 | $-1.3M | $5.9M | ||
| Q3 24 | $-4.5M | $-6.7M | ||
| Q2 24 | $-1.6M | $10.3M | ||
| Q1 24 | $-15.2M | $4.0M |
| Q4 25 | — | 1.4% | ||
| Q3 25 | -2.3% | -13.7% | ||
| Q2 25 | 0.9% | 9.0% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | -1.1% | 6.5% | ||
| Q3 24 | -3.5% | -9.2% | ||
| Q2 24 | -1.4% | 12.2% | ||
| Q1 24 | -12.2% | 5.5% |
| Q4 25 | — | 3.7% | ||
| Q3 25 | 5.8% | 4.3% | ||
| Q2 25 | 2.4% | 8.0% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 5.8% | 3.1% | ||
| Q3 24 | 7.2% | 3.2% | ||
| Q2 24 | 7.1% | 1.3% | ||
| Q1 24 | 12.3% | 2.9% |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 9.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.54× | ||
| Q1 24 | — | 1.63× |
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% |
TWIN
Segment breakdown not available.
