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NOODLES & Co（NDLS）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
NOODLES & Co的季度营收约是RE/MAX Holdings, Inc.的1.7倍（$122.1M vs $71.1M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -7.5%，领先9.5%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -4.1%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-2.8M），过去两年NOODLES & Co的营收复合增速更高（-1.2% vs -4.7%）
Noodles & Company是源自美国的休闲快餐连锁品牌，主打融合多国风味及美式特色的面条菜品，同时也供应汤品和沙拉。品牌由亚伦·肯尼迪创立于1995年，总部位于科罗拉多州布鲁姆菲尔德，截至2022年年中，品牌已在美国31个州开出了458家门店。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
NDLS vs RMAX — 直观对比
营收规模更大
NDLS
是对方的1.7倍
$71.1M
营收增速更快
RMAX
高出2.3%
-4.1%
净利率更高
RMAX
高出9.5%
-7.5%
自由现金流更多
RMAX
多$36.3M
$-2.8M
两年增速更快
NDLS
近两年复合增速
-4.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $122.1M | $71.1M |
| 净利润 | $-9.2M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -5.2% | 13.1% |
| 净利率 | -7.5% | 2.0% |
| 营收同比 | -4.1% | -1.8% |
| 净利润同比 | 32.8% | -75.2% |
| 每股收益（稀释后） | $-0.20 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NDLSRMAX
| Q4 25 | — | $71.1M | ||
| Q3 25 | $122.1M | $73.2M | ||
| Q2 25 | $123.8M | $72.8M | ||
| Q1 25 | — | $74.5M | ||
| Q4 24 | $122.8M | $72.5M | ||
| Q3 24 | $127.4M | $78.5M | ||
| Q2 24 | $121.4M | $78.5M | ||
| Q1 24 | $124.3M | $78.3M |
净利润NDLSRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-9.2M | $4.0M | ||
| Q2 25 | $-9.1M | $4.7M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $-6.8M | $5.8M | ||
| Q3 24 | $-13.6M | $966.0K | ||
| Q2 24 | $-6.1M | $3.7M | ||
| Q1 24 | $-6.1M | $-3.4M |
营业利润率NDLSRMAX
| Q4 25 | — | 13.1% | ||
| Q3 25 | -5.2% | 25.0% | ||
| Q2 25 | -5.2% | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | -3.9% | 5.9% | ||
| Q3 24 | -9.0% | 19.4% | ||
| Q2 24 | -3.4% | 20.6% | ||
| Q1 24 | -3.7% | 5.8% |
净利率NDLSRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | -7.5% | 5.4% | ||
| Q2 25 | -7.3% | 6.4% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | -5.5% | 8.0% | ||
| Q3 24 | -10.7% | 1.2% | ||
| Q2 24 | -5.1% | 4.7% | ||
| Q1 24 | -4.9% | -4.3% |
每股收益（稀释后）NDLSRMAX
| Q4 25 | — | — | ||
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.20 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $-1.64 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.7M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-38.9M | $452.4M |
| 总资产 | $280.6M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资NDLSRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | $4.7M | $107.5M | ||
| Q2 25 | $1.4M | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | $3.3M | $96.6M | ||
| Q3 24 | $1.8M | $83.8M | ||
| Q2 24 | $1.3M | $66.1M | ||
| Q1 24 | $3.0M | $82.1M |
总债务NDLSRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益NDLSRMAX
| Q4 25 | — | $452.4M | ||
| Q3 25 | $-38.9M | $448.1M | ||
| Q2 25 | $-13.9M | $442.4M | ||
| Q1 25 | — | $433.5M | ||
| Q4 24 | $3.7M | $429.5M | ||
| Q3 24 | $9.6M | $423.1M | ||
| Q2 24 | $21.9M | $418.4M | ||
| Q1 24 | $27.2M | $412.0M |
总资产NDLSRMAX
| Q4 25 | — | $582.5M | ||
| Q3 25 | $280.6M | $582.2M | ||
| Q2 25 | $319.4M | $574.8M | ||
| Q1 25 | — | $571.4M | ||
| Q4 24 | $340.5M | $581.6M | ||
| Q3 24 | $346.3M | $578.6M | ||
| Q2 24 | $360.4M | $571.4M | ||
| Q1 24 | $368.1M | $566.7M |
负债/权益比NDLSRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $4.3M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.8M | $33.5M |
| 自由现金流率自由现金流/营收 | -2.3% | 47.1% |
| 资本支出强度资本支出/营收 | 5.8% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-7.5M | $56.8M |
8季度趋势，按日历期对齐
经营现金流NDLSRMAX
| Q4 25 | — | $40.9M | ||
| Q3 25 | $4.3M | $17.7M | ||
| Q2 25 | $4.0M | $4.6M | ||
| Q1 25 | — | $5.7M | ||
| Q4 24 | $5.8M | $59.7M | ||
| Q3 24 | $4.7M | $17.6M | ||
| Q2 24 | $7.0M | $15.9M | ||
| Q1 24 | $164.0K | $9.4M |
自由现金流NDLSRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | $-2.8M | $16.4M | ||
| Q2 25 | $1.1M | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | $-1.3M | $53.0M | ||
| Q3 24 | $-4.5M | $16.3M | ||
| Q2 24 | $-1.6M | $14.0M | ||
| Q1 24 | $-15.2M | $6.8M |
自由现金流率NDLSRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | -2.3% | 22.4% | ||
| Q2 25 | 0.9% | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | -1.1% | 73.2% | ||
| Q3 24 | -3.5% | 20.8% | ||
| Q2 24 | -1.4% | 17.8% | ||
| Q1 24 | -12.2% | 8.6% |
资本支出强度NDLSRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | 5.8% | 1.8% | ||
| Q2 25 | 2.4% | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 5.8% | 9.1% | ||
| Q3 24 | 7.2% | 1.7% | ||
| Q2 24 | 7.1% | 2.4% | ||
| Q1 24 | 12.3% | 3.3% |
现金转化率NDLSRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
