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Side-by-side financial comparison of NOODLES & Co (NDLS) and UNIFI INC (UFI). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $121.4M, roughly 1.0× UNIFI INC). NOODLES & Co runs the higher net margin — -7.5% vs -8.0%, a 0.5% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -12.6%). UNIFI INC produced more free cash flow last quarter ($24.2M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -9.7%).
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.
Unifi Aviation, LLC is the largest aviation ground handling services in North America. Unifi was formed late 2018, after Delta Air Lines sold a stake of its subsidiary, DAL Global Services, to Argenbright Holdings. Unifi is jointly owned by Argenbright, who owns 51% of the company and Delta, who owns 49%.
NDLS vs UFI — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $121.4M |
| Net Profit | $-9.2M | $-9.7M |
| Gross Margin | — | 3.0% |
| Operating Margin | -5.2% | -6.0% |
| Net Margin | -7.5% | -8.0% |
| Revenue YoY | -4.1% | -12.6% |
| Net Profit YoY | 32.8% | 14.8% |
| EPS (diluted) | $-0.20 | $-0.53 |
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 | — | $121.4M | ||
| Q3 25 | $122.1M | $135.7M | ||
| Q2 25 | $123.8M | $138.5M | ||
| Q1 25 | — | $146.6M | ||
| Q4 24 | $122.8M | $138.9M | ||
| Q3 24 | $127.4M | $147.4M | ||
| Q2 24 | $121.4M | $157.5M | ||
| Q1 24 | $124.3M | $149.0M |
| Q4 25 | — | $-9.7M | ||
| Q3 25 | $-9.2M | $-11.4M | ||
| Q2 25 | $-9.1M | $15.5M | ||
| Q1 25 | — | $-16.8M | ||
| Q4 24 | $-6.8M | $-11.4M | ||
| Q3 24 | $-13.6M | $-7.6M | ||
| Q2 24 | $-6.1M | $-4.0M | ||
| Q1 24 | $-6.1M | $-10.3M |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 6.9% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | -6.0% | ||
| Q3 25 | -5.2% | -7.1% | ||
| Q2 25 | -5.2% | 10.9% | ||
| Q1 25 | — | -9.5% | ||
| Q4 24 | -3.9% | -5.4% | ||
| Q3 24 | -9.0% | -2.2% | ||
| Q2 24 | -3.4% | -0.5% | ||
| Q1 24 | -3.7% | -4.6% |
| Q4 25 | — | -8.0% | ||
| Q3 25 | -7.5% | -8.4% | ||
| Q2 25 | -7.3% | 11.2% | ||
| Q1 25 | — | -11.5% | ||
| Q4 24 | -5.5% | -8.2% | ||
| Q3 24 | -10.7% | -5.2% | ||
| Q2 24 | -5.1% | -2.5% | ||
| Q1 24 | -4.9% | -6.9% |
| Q4 25 | — | $-0.53 | ||
| Q3 25 | $-0.20 | $-0.62 | ||
| Q2 25 | $-0.20 | $0.85 | ||
| Q1 25 | — | $-0.92 | ||
| Q4 24 | $-0.15 | $-0.62 | ||
| Q3 24 | $-0.30 | $-0.42 | ||
| Q2 24 | $-0.14 | $-0.21 | ||
| Q1 24 | $-1.64 | $-0.57 |
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 | $30.2M |
| Total DebtLower is stronger | — | $92.6M |
| Stockholders' EquityBook value | $-38.9M | $230.0M |
| Total Assets | $280.6M | $382.9M |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.2M | ||
| Q3 25 | $4.7M | $20.6M | ||
| Q2 25 | $1.4M | $22.7M | ||
| Q1 25 | — | $16.3M | ||
| Q4 24 | $3.3M | $18.7M | ||
| Q3 24 | $1.8M | $13.7M | ||
| Q2 24 | $1.3M | $26.8M | ||
| Q1 24 | $3.0M | $27.7M |
| Q4 25 | — | $92.6M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $95.7M | ||
| Q1 25 | — | $127.9M | ||
| Q4 24 | — | $123.0M | ||
| Q3 24 | — | $119.3M | ||
| Q2 24 | — | $117.8M | ||
| Q1 24 | — | $116.1M |
| Q4 25 | — | $230.0M | ||
| Q3 25 | $-38.9M | $241.1M | ||
| Q2 25 | $-13.9M | $249.5M | ||
| Q1 25 | — | $228.4M | ||
| Q4 24 | $3.7M | $237.2M | ||
| Q3 24 | $9.6M | $259.7M | ||
| Q2 24 | $21.9M | $263.4M | ||
| Q1 24 | $27.2M | $277.8M |
| Q4 25 | — | $382.9M | ||
| Q3 25 | $280.6M | $424.6M | ||
| Q2 25 | $319.4M | $426.9M | ||
| Q1 25 | — | $446.5M | ||
| Q4 24 | $340.5M | $439.7M | ||
| Q3 24 | $346.3M | $467.0M | ||
| Q2 24 | $360.4M | $469.2M | ||
| Q1 24 | $368.1M | $482.6M |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | 0.42× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $-2.8M | $24.2M |
| FCF MarginFCF / Revenue | -2.3% | 20.0% |
| Capex IntensityCapex / Revenue | 5.8% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $1.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.3M | ||
| Q3 25 | $4.3M | $-8.9M | ||
| Q2 25 | $4.0M | $-1.3M | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | $5.8M | $-2.2M | ||
| Q3 24 | $4.7M | $-12.8M | ||
| Q2 24 | $7.0M | $932.0K | ||
| Q1 24 | $164.0K | $-1.4M |
| Q4 25 | — | $24.2M | ||
| Q3 25 | $-2.8M | $-10.9M | ||
| Q2 25 | $1.1M | $-3.9M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | $-1.3M | $-5.1M | ||
| Q3 24 | $-4.5M | $-14.9M | ||
| Q2 24 | $-1.6M | $-1.7M | ||
| Q1 24 | $-15.2M | $-3.9M |
| Q4 25 | — | 20.0% | ||
| Q3 25 | -2.3% | -8.1% | ||
| Q2 25 | 0.9% | -2.8% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | -1.1% | -3.7% | ||
| Q3 24 | -3.5% | -10.1% | ||
| Q2 24 | -1.4% | -1.1% | ||
| Q1 24 | -12.2% | -2.6% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 5.8% | 1.5% | ||
| Q2 25 | 2.4% | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 5.8% | 2.1% | ||
| Q3 24 | 7.2% | 1.4% | ||
| Q2 24 | 7.1% | 1.7% | ||
| Q1 24 | 12.3% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.09× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
UFI
| Other | $67.8M | 56% |
| REPREVE Fiber | $34.3M | 28% |
| Export Sales From US Operations | $10.5M | 9% |
| All Other Foreign Countries | $8.8M | 7% |
