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Side-by-side financial comparison of NOODLES & Co (NDLS) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $122.1M, roughly 1.1× NOODLES & Co). Urban Edge Properties runs the higher net margin — 17.1% vs -7.5%, a 24.6% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs -4.1%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% 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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
NDLS vs UE — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $132.6M |
| Net Profit | $-9.2M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -5.2% | — |
| Net Margin | -7.5% | 17.1% |
| Revenue YoY | -4.1% | 12.2% |
| Net Profit YoY | 32.8% | -6.7% |
| EPS (diluted) | $-0.20 | $0.18 |
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.
| Q1 26 | — | $132.6M | ||
| Q4 25 | — | $119.6M | ||
| Q3 25 | $122.1M | $120.1M | ||
| Q2 25 | $123.8M | $114.1M | ||
| Q1 25 | — | $118.2M | ||
| Q4 24 | $122.8M | $116.4M | ||
| Q3 24 | $127.4M | $112.4M | ||
| Q2 24 | $121.4M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | — | $12.4M | ||
| Q3 25 | $-9.2M | $14.9M | ||
| Q2 25 | $-9.1M | $58.0M | ||
| Q1 25 | — | $8.2M | ||
| Q4 24 | $-6.8M | $30.1M | ||
| Q3 24 | $-13.6M | $9.1M | ||
| Q2 24 | $-6.1M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | -5.2% | 13.4% | ||
| Q2 25 | -5.2% | 53.9% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | -3.9% | 27.6% | ||
| Q3 24 | -9.0% | 8.9% | ||
| Q2 24 | -3.4% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | -7.5% | 12.4% | ||
| Q2 25 | -7.3% | 50.8% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | -5.5% | 25.9% | ||
| Q3 24 | -10.7% | 8.1% | ||
| Q2 24 | -5.1% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $0.09 | ||
| Q3 25 | $-0.20 | $0.12 | ||
| Q2 25 | $-0.20 | $0.46 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | $-0.15 | $0.25 | ||
| Q3 24 | $-0.30 | $0.07 | ||
| Q2 24 | $-0.14 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $1.4B |
| Total Assets | $280.6M | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | — | $48.9M | ||
| Q3 25 | $4.7M | $77.8M | ||
| Q2 25 | $1.4M | $53.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | $3.3M | $41.4M | ||
| Q3 24 | $1.8M | $67.9M | ||
| Q2 24 | $1.3M | $78.6M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $-38.9M | $1.4B | ||
| Q2 25 | $-13.9M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $3.7M | $1.4B | ||
| Q3 24 | $9.6M | $1.3B | ||
| Q2 24 | $21.9M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | $280.6M | $3.3B | ||
| Q2 25 | $319.4M | $3.3B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | $340.5M | $3.3B | ||
| Q3 24 | $346.3M | $3.2B | ||
| Q2 24 | $360.4M | $3.2B |
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 | $39.1M |
| Free Cash FlowOCF − Capex | $-2.8M | — |
| FCF MarginFCF / Revenue | -2.3% | — |
| Capex IntensityCapex / Revenue | 5.8% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | — | $182.7M | ||
| Q3 25 | $4.3M | $55.7M | ||
| Q2 25 | $4.0M | $43.5M | ||
| Q1 25 | — | $32.6M | ||
| Q4 24 | $5.8M | $153.2M | ||
| Q3 24 | $4.7M | $36.6M | ||
| Q2 24 | $7.0M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | $-2.8M | $26.1M | ||
| Q2 25 | $1.1M | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | $-1.3M | $42.5M | ||
| Q3 24 | $-4.5M | $12.2M | ||
| Q2 24 | $-1.6M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | -2.3% | 21.7% | ||
| Q2 25 | 0.9% | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | -1.1% | 36.6% | ||
| Q3 24 | -3.5% | 10.8% | ||
| Q2 24 | -1.4% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | 5.8% | 24.6% | ||
| Q2 25 | 2.4% | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | 5.8% | 95.1% | ||
| Q3 24 | 7.2% | 21.7% | ||
| Q2 24 | 7.1% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
