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Side-by-side financial comparison of NOODLES & Co (NDLS) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.
USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($226.2M vs $122.1M, roughly 1.9× NOODLES & Co). USANA HEALTH SCIENCES INC runs the higher net margin — 0.1% vs -7.5%, a 7.6% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -10.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (3.1% 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.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
NDLS vs USNA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $226.2M |
| Net Profit | $-9.2M | $180.0K |
| Gross Margin | — | 78.2% |
| Operating Margin | -5.2% | 1.7% |
| Net Margin | -7.5% | 0.1% |
| Revenue YoY | -4.1% | -10.0% |
| Net Profit YoY | 32.8% | -74.0% |
| EPS (diluted) | $-0.20 | $-0.10 |
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 | — | $226.2M | ||
| Q3 25 | $122.1M | $213.7M | ||
| Q2 25 | $123.8M | $235.8M | ||
| Q1 25 | — | $249.5M | ||
| Q4 24 | $122.8M | $213.6M | ||
| Q3 24 | $127.4M | $200.2M | ||
| Q2 24 | $121.4M | $212.9M | ||
| Q1 24 | $124.3M | — |
| Q4 25 | — | $180.0K | ||
| Q3 25 | $-9.2M | $-6.5M | ||
| Q2 25 | $-9.1M | $9.7M | ||
| Q1 25 | — | $9.4M | ||
| Q4 24 | $-6.8M | $4.5M | ||
| Q3 24 | $-13.6M | $10.6M | ||
| Q2 24 | $-6.1M | $10.4M | ||
| Q1 24 | $-6.1M | — |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 77.2% | ||
| Q2 25 | — | 78.7% | ||
| Q1 25 | — | 79.0% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.4% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.7% | ||
| Q3 25 | -5.2% | 0.6% | ||
| Q2 25 | -5.2% | 7.1% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | -3.9% | 3.8% | ||
| Q3 24 | -9.0% | 7.8% | ||
| Q2 24 | -3.4% | 8.4% | ||
| Q1 24 | -3.7% | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | -7.5% | -3.1% | ||
| Q2 25 | -7.3% | 4.1% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | -5.5% | 2.1% | ||
| Q3 24 | -10.7% | 5.3% | ||
| Q2 24 | -5.1% | 4.9% | ||
| Q1 24 | -4.9% | — |
| Q4 25 | — | $-0.10 | ||
| Q3 25 | $-0.20 | $-0.36 | ||
| Q2 25 | $-0.20 | $0.52 | ||
| Q1 25 | — | $0.49 | ||
| Q4 24 | $-0.15 | $0.23 | ||
| Q3 24 | $-0.30 | $0.56 | ||
| Q2 24 | $-0.14 | $0.54 | ||
| Q1 24 | $-1.64 | — |
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 | $158.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | — |
| Total Assets | $280.6M | $742.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $158.4M | ||
| Q3 25 | $4.7M | $145.3M | ||
| Q2 25 | $1.4M | $151.3M | ||
| Q1 25 | — | $179.6M | ||
| Q4 24 | $3.3M | $181.8M | ||
| Q3 24 | $1.8M | $364.9M | ||
| Q2 24 | $1.3M | $332.4M | ||
| Q1 24 | $3.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | $-38.9M | $528.1M | ||
| Q2 25 | $-13.9M | $531.1M | ||
| Q1 25 | — | $529.8M | ||
| Q4 24 | $3.7M | $532.1M | ||
| Q3 24 | $9.6M | $533.1M | ||
| Q2 24 | $21.9M | $512.2M | ||
| Q1 24 | $27.2M | — |
| Q4 25 | — | $742.9M | ||
| Q3 25 | $280.6M | $726.6M | ||
| Q2 25 | $319.4M | $734.5M | ||
| Q1 25 | — | $746.6M | ||
| Q4 24 | $340.5M | $748.2M | ||
| Q3 24 | $346.3M | $671.3M | ||
| Q2 24 | $360.4M | $631.4M | ||
| Q1 24 | $368.1M | — |
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 | — |
| Free Cash FlowOCF − Capex | $-2.8M | — |
| FCF MarginFCF / Revenue | -2.3% | — |
| Capex IntensityCapex / Revenue | 5.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $4.3M | $-2.0M | ||
| Q2 25 | $4.0M | $12.2M | ||
| Q1 25 | — | $15.5M | ||
| Q4 24 | $5.8M | $5.8M | ||
| Q3 24 | $4.7M | $29.5M | ||
| Q2 24 | $7.0M | $8.0M | ||
| Q1 24 | $164.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | $-2.8M | $-5.2M | ||
| Q2 25 | $1.1M | $7.2M | ||
| Q1 25 | — | $12.7M | ||
| Q4 24 | $-1.3M | $4.0M | ||
| Q3 24 | $-4.5M | $27.1M | ||
| Q2 24 | $-1.6M | $5.3M | ||
| Q1 24 | $-15.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | -2.3% | -2.4% | ||
| Q2 25 | 0.9% | 3.0% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | -1.1% | 1.9% | ||
| Q3 24 | -3.5% | 13.6% | ||
| Q2 24 | -1.4% | 2.5% | ||
| Q1 24 | -12.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | 5.8% | 1.5% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 5.8% | 0.8% | ||
| Q3 24 | 7.2% | 1.2% | ||
| Q2 24 | 7.1% | 1.3% | ||
| Q1 24 | 12.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.27× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | — | 1.29× | ||
| Q3 24 | — | 2.78× | ||
| Q2 24 | — | 0.77× | ||
| 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% |
USNA
Segment breakdown not available.
