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Side-by-side financial comparison of NOODLES & Co (NDLS) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $111.7M, roughly 1.1× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -7.5%, a 6.7% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -4.1%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
NDLS vs ZIP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $111.7M |
| Net Profit | $-9.2M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | -5.2% | 3.6% |
| Net Margin | -7.5% | -0.7% |
| Revenue YoY | -4.1% | 0.6% |
| Net Profit YoY | 32.8% | 92.3% |
| EPS (diluted) | $-0.20 | $-0.03 |
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 | — | $111.7M | ||
| Q3 25 | $122.1M | $115.0M | ||
| Q2 25 | $123.8M | $112.2M | ||
| Q1 25 | — | $110.1M | ||
| Q4 24 | $122.8M | $111.0M | ||
| Q3 24 | $127.4M | $117.1M | ||
| Q2 24 | $121.4M | $123.7M | ||
| Q1 24 | $124.3M | $122.2M |
| Q4 25 | — | $-835.0K | ||
| Q3 25 | $-9.2M | $-9.8M | ||
| Q2 25 | $-9.1M | $-9.5M | ||
| Q1 25 | — | $-12.8M | ||
| Q4 24 | $-6.8M | $-10.8M | ||
| Q3 24 | $-13.6M | $-2.6M | ||
| Q2 24 | $-6.1M | $7.0M | ||
| Q1 24 | $-6.1M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | -5.2% | -4.4% | ||
| Q2 25 | -5.2% | -5.9% | ||
| Q1 25 | — | -10.6% | ||
| Q4 24 | -3.9% | -3.6% | ||
| Q3 24 | -9.0% | -2.8% | ||
| Q2 24 | -3.4% | 7.6% | ||
| Q1 24 | -3.7% | -0.7% |
| Q4 25 | — | -0.7% | ||
| Q3 25 | -7.5% | -8.5% | ||
| Q2 25 | -7.3% | -8.5% | ||
| Q1 25 | — | -11.7% | ||
| Q4 24 | -5.5% | -9.7% | ||
| Q3 24 | -10.7% | -2.2% | ||
| Q2 24 | -5.1% | 5.7% | ||
| Q1 24 | -4.9% | -5.3% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $-0.20 | $-0.11 | ||
| Q2 25 | $-0.20 | $-0.10 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | $-0.15 | $-0.10 | ||
| Q3 24 | $-0.30 | $-0.03 | ||
| Q2 24 | $-0.14 | $0.07 | ||
| Q1 24 | $-1.64 | $-0.07 |
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 | $188.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.9M | $-77.2M |
| Total Assets | $280.6M | $569.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $188.0M | ||
| Q3 25 | $4.7M | $211.8M | ||
| Q2 25 | $1.4M | $203.5M | ||
| Q1 25 | — | $221.1M | ||
| Q4 24 | $3.3M | $218.4M | ||
| Q3 24 | $1.8M | $225.6M | ||
| Q2 24 | $1.3M | $271.7M | ||
| Q1 24 | $3.0M | $282.5M |
| Q4 25 | — | $-77.2M | ||
| Q3 25 | $-38.9M | $-76.1M | ||
| Q2 25 | $-13.9M | $-65.9M | ||
| Q1 25 | — | $-11.3M | ||
| Q4 24 | $3.7M | $13.4M | ||
| Q3 24 | $9.6M | $13.6M | ||
| Q2 24 | $21.9M | $24.4M | ||
| Q1 24 | $27.2M | $12.7M |
| Q4 25 | — | $569.7M | ||
| Q3 25 | $280.6M | $573.6M | ||
| Q2 25 | $319.4M | $592.4M | ||
| Q1 25 | — | $629.4M | ||
| Q4 24 | $340.5M | $664.1M | ||
| Q3 24 | $346.3M | $652.0M | ||
| Q2 24 | $360.4M | $665.3M | ||
| Q1 24 | $368.1M | $662.4M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $-2.8M | $7.6M |
| FCF MarginFCF / Revenue | -2.3% | 6.8% |
| Capex IntensityCapex / Revenue | 5.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.5M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.7M | ||
| Q3 25 | $4.3M | $2.6M | ||
| Q2 25 | $4.0M | $10.5M | ||
| Q1 25 | — | $-9.9M | ||
| Q4 24 | $5.8M | $12.5M | ||
| Q3 24 | $4.7M | $9.3M | ||
| Q2 24 | $7.0M | $21.9M | ||
| Q1 24 | $164.0K | $2.0M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $-2.8M | $2.2M | ||
| Q2 25 | $1.1M | $10.2M | ||
| Q1 25 | — | $-10.2M | ||
| Q4 24 | $-1.3M | $12.0M | ||
| Q3 24 | $-4.5M | $9.2M | ||
| Q2 24 | $-1.6M | $21.7M | ||
| Q1 24 | $-15.2M | $1.9M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | -2.3% | 1.9% | ||
| Q2 25 | 0.9% | 9.1% | ||
| Q1 25 | — | -9.3% | ||
| Q4 24 | -1.1% | 10.8% | ||
| Q3 24 | -3.5% | 7.8% | ||
| Q2 24 | -1.4% | 17.6% | ||
| Q1 24 | -12.2% | 1.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 5.8% | 0.3% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 5.8% | 0.4% | ||
| Q3 24 | 7.2% | 0.2% | ||
| Q2 24 | 7.1% | 0.1% | ||
| Q1 24 | 12.3% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.12× | ||
| 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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
