8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Mar 30, 2026·SEC
Material company update
Mar 25, 2026·SEC
Noodles & Company(NDLS)Earnings, Financials & Key Ratios
NDLS•NASDAQ
$11.32
$67M mkt cap·Price updated May 6, 2026
AboutNoodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.Show more
- Revenue$495M+0.4%
- EBITDA$22M+1603.8%
- Net Income-$43M-17.5%
- EPS (Diluted)-7.36-15.0%
- Gross Margin8.89%-74.0%
- EBITDA Margin4.43%+1597.6%
- Operating Margin-1.03%+81.7%
- Net Margin-8.6%-17.1%
- ROIC-1.51%+78.0%
- Interest Coverage-0.47+85.9%
NDLS Key Insights
Noodles & Company (NDLS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 96 (top 4%)
- ✓Efficient asset utilization: 1.9x turnover
✗Weaknesses
- ✗Profits declining 12.8% over 5 years
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NDLS Price & Volume
Noodles & Company (NDLS) stock price & volume — 10-year historical chart
Loading chart...
NDLS Growth Metrics
Noodles & Company (NDLS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years0.84%
5 Years4.69%
3 Years-0.95%
TTM0.37%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-17.55%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-15.63%
Return on Capital
10 Years-7.81%
5 Years-2.42%
3 Years-4.63%
Last Year-2.22%
NDLS Recent Earnings
Noodles & Company (NDLS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Mar 25, 2026EPS
$0.43
Est $0.72
+40.3%
Revenue
$123M
Est $122M
+0.3%
Q4 2025
Nov 5, 2025EPS
$0.10
Est $0.09
-11.1%
Revenue
$122M
Est $122M
-0.3%
Q3 2025
Aug 13, 2025EPS
$0.12
Est $0.05
-140.0%
Revenue
$126M
Est $123M
+2.9%
Q2 2025
May 7, 2025EPS
$0.20
Est $0.10
-100.0%
Revenue
$124M
Est $123M
+0.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 25, 2026 | $0.43vs $0.72+40.3% | $123Mvs $122M+0.3% |
| Q4 2025 | Nov 5, 2025 | $0.10vs $0.09-11.1% | $122Mvs $122M-0.3% |
| Q3 2025 | Aug 13, 2025 | $0.12vs $0.05-140.0% | $126Mvs $123M+2.9% |
| Q2 2025 | May 7, 2025 | $0.20vs $0.10-100.0% | $124Mvs $123M+0.4% |
Based on last 12 quarters of dataView full earnings history →
NDLS Peer Comparison
Noodles & Company (NDLS) competitors in Fast-Casual Chains — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SHAK | 3.89B | 96.52 | 88.55 | 15.38% | 3.16% | 8.69% | 1.63 | |
 BROS | 7.5B | 59.06 | 93.75 | 27.88% | 4.61% | 9.16% | 1.21 | |
 CAVA | 10.39B | 89.48 | 165.70 | -12.02% | 4.49% | 4.88% | 0.60 | |
 PTLO | 324M | 4.49 | 16.63 | 3.03% | 2.12% | 3.17% | 2.01 | |
 NATH | 950.03M | 101.24 | 17.25 | 6.91% | 13.59% | |||
 FRSH | 2.58B | 8.87 | 14.07 | 16.43% | 20.69% | 18.54% | 0.06 | |
 CMG | 42.6B | 32.71 | 28.69 | 5.41% | 11.96% | 48.45% | 3.48 | |
 PZZA | 1.11B | 33.78 | 37.53 | -0.27% | 3.15% |
Compare NDLS vs Peers
Noodles & Company (NDLS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NDLS Income Statement
Noodles & Company (NDLS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 456.49M | 457.84M | 462.41M | 393.65M | 475.15M | 509.48M | 503.4M | 493.27M | 495.09M |
| Revenue Growth % | -6.36% | 0.3% | 1% | -14.87% | 20.7% | 7.22% | -1.19% | -2.01% | 0.37% |
| Cost of Goods Sold | 387.6M | 385.44M | 383.29M | 342.12M | 393.07M | 429.31M | 419.19M | 324.32M | 451.05M |
| COGS % of Revenue | 84.91% | 84.19% | 82.89% | 86.91% | 82.73% | 84.27% | 83.27% | 65.75% | 91.11% |
| Gross Profit | 68.89M▲ 0% | 72.4M▲ 5.1% | 79.12M▲ 9.3% | 51.54M▼ 34.9% | 82.08M▲ 59.3% | 80.17M▼ 2.3% | 84.21M▲ 5.0% | 168.96M▲ 100.6% | 44.03M▼ 73.9% |
| Gross Margin % | 15.09% | 15.81% | 17.11% | 13.09% | 17.27% | 15.73% | 16.73% | 34.25% | 8.89% |
| Gross Profit Growth % | 3.28% | 5.09% | 9.28% | -34.86% | 59.25% | -2.33% | 5.05% | 100.63% | -73.94% |
| Operating Expenses | 65.29M | 69.01M | 73.68M | 71.57M | 76.26M | 81M | 89.24M | 196.73M | 49.14M |
| OpEx % of Revenue | 14.3% | 15.07% | 15.93% | 18.18% | 16.05% | 15.9% | 17.73% | 39.88% | 9.92% |
| Selling, General & Admin | 39.75M | 46.09M | 43.45M | 43.32M | 48.2M | 49.9M | 51.83M | 50.82M | 49.14M |
| SG&A % of Revenue | 8.71% | 10.07% | 9.4% | 11% | 10.14% | 9.79% | 10.3% | 10.3% | 9.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 24.61M | 22.87M | 30.23M | 28.25M | 28.06M | 31.09M | 37.41M | 145.91M | 0 |
| Operating Income | -33.85M▲ 0% | -3.76M▲ 88.9% | 5.44M▲ 244.7% | -20.03M▼ 468.2% | 5.82M▲ 129.0% | -832K▼ 114.3% | -5.03M▼ 504.4% | -27.78M▼ 452.4% | -5.1M▲ 81.6% |
| Operating Margin % | -7.42% | -0.82% | 1.18% | -5.09% | 1.22% | -0.16% | -1% | -5.63% | -1.03% |
| Operating Income Growth % | 49.87% | 88.9% | 244.73% | -468.25% | 129.04% | -114.3% | -504.45% | -452.36% | 81.63% |
| EBITDA | -9.24M | 19.11M | 27.52M | 1.68M | 28.15M | 22.44M | 21.76M | 1.29M | 21.95M |
| EBITDA Margin % | -2.02% | 4.17% | 5.95% | 0.43% | 5.92% | 4.4% | 4.32% | 0.26% | 4.43% |
| EBITDA Growth % | 76.55% | 306.93% | 44% | -93.9% | 1575.6% | -20.3% | -3% | -94.08% | 1603.8% |
| D&A (Non-Cash Add-back) | 24.61M | 22.87M | 22.09M | 21.71M | 22.33M | 23.27M | 26.79M | 29.07M | 27.05M |
| EBIT | -33.85M | -4.38M | 4.69M | -20.03M | 5.82M | -832K | -5.03M | -27.78M | -5.1M |
| Net Interest Income | -3.84M | -4.3M | -2.94M | -3.15M | -2.08M | -2.44M | -4.8M | -8.38M | -10.91M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.84M | 4.3M | 2.94M | 3.15M | 2.08M | 2.44M | 4.8M | 8.38M | 10.91M |
| Other Income/Expense | -3.84M | -4.93M | -3.69M | -3.15M | -2.08M | -2.44M | -4.8M | -8.38M | -37.4M |
| Pretax Income | -37.69M▲ 0% | -8.69M▲ 76.9% | 1.75M▲ 120.2% | -23.18M▼ 1423.5% | 3.73M▲ 116.1% | -3.28M▼ 187.7% | -9.83M▼ 200.0% | -36.16M▼ 267.8% | -42.5M▼ 17.5% |
| Pretax Margin % | -8.26% | -1.9% | 0.38% | -5.89% | 0.79% | -0.64% | -1.95% | -7.33% | -8.59% |
| Income Tax | -207K | -248K | 104K | 84K | 70K | 37K | 24K | 54K | 64K |
| Effective Tax Rate % | 0.55% | 2.85% | 5.94% | -0.36% | 1.87% | -1.13% | -0.24% | -0.15% | -0.15% |
| Net Income | -45.45M▲ 0% | -8.44M▲ 81.4% | 1.65M▲ 119.5% | -23.26M▼ 1512.2% | 3.67M▲ 115.8% | -3.31M▼ 190.4% | -9.86M▼ 197.4% | -36.21M▼ 267.4% | -42.57M▼ 17.5% |
| Net Margin % | -9.96% | -1.84% | 0.36% | -5.91% | 0.77% | -0.65% | -1.96% | -7.34% | -8.6% |
| Net Income Growth % | 36.59% | 81.43% | 119.51% | -1512.2% | 115.76% | -190.42% | -197.4% | -267.42% | -17.55% |
| Net Income (Continuing) | -37.48M | -8.44M | 1.65M | -23.26M | 3.67M | -3.31M | -9.86M | -36.21M | -42.57M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -9.60▲ 0% | -1.60▲ 83.3% | 0.29▲ 118.3% | -4.24▼ 1548.1% | 0.64▲ 115.0% | -0.58▼ 190.8% | -1.68▼ 190.9% | -6.40▼ 281.0% | -7.36▼ 15.0% |
| EPS Growth % | 53.49% | 83.33% | 118.3% | -1548.09% | 115% | -190.82% | -190.86% | -280.95% | -15% |
| EPS (Basic) | -9.60 | -1.60 | 0.30 | -4.24 | 0.64 | -0.58 | -1.68 | -6.40 | -7.36 |
| Diluted Shares Outstanding | 4.72M | 5.29M | 5.62M | 5.53M | 5.77M | 5.74M | 5.73M | 5.68M | 5.85M |
| Basic Shares Outstanding | 4.72M | 5.28M | 5.5M | 5.53M | 5.69M | 5.74M | 5.73M | 5.68M | 5.85M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
NDLS Balance Sheet
Noodles & Company (NDLS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 22.06M | 23.35M | 29.32M | 23.71M | 22.56M | 21.64M | 22.62M | 20.19M | 18.89M |
| Cash & Short-Term Investments | 3.36M | 4.66M | 10.46M | 7.84M | 2.25M | 1.52M | 3.01M | 1.15M | 1.26M |
| Cash Only | 3.36M | 4.66M | 10.46M | 7.84M | 2.25M | 1.52M | 3.01M | 1.15M | 1.26M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.51M | 2.58M | 3.61M | 3.47M | 4.07M | 6.62M | 5.48M | 4.39M | 4.38M |
| Days Sales Outstanding | 2.01 | 2.05 | 2.85 | 3.22 | 3.12 | 4.74 | 3.97 | 3.25 | 3.23 |
| Inventory | 9.93M | 9.65M | 9.87M | 9.64M | 9.4M | 10.04M | 10.25M | 10.5M | 0 |
| Days Inventory Outstanding | 9.35 | 9.13 | 9.4 | 10.29 | 8.73 | 8.54 | 8.93 | 11.82 | - |
| Other Current Assets | 41K | 5K | 1.75M | 39K | 3.64M | 55K | 24K | 24K | 13.25M |
| Total Non-Current Assets | 163.18M | 148.68M | 349.2M | 329.92M | 318.9M | 322.21M | 345.47M | 304.46M | 242.78M |
| Property, Plant & Equipment | 152.59M | 138.77M | 338.58M | 318.54M | 307.72M | 312.78M | 336.03M | 295.06M | 0 |
| Fixed Asset Turnover | 2.99x | 3.30x | 1.37x | 1.24x | 1.54x | 1.63x | 1.50x | 1.67x | - |
| Goodwill | 6.4M | 6.4M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M | 7.15M |
| Intangible Assets | 1.56M | 1.29M | 883K | 757K | 668K | 608K | 538K | 495K | 420K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.62M | 2.22M | 2.58M | 3.47M | 3.36M | 1.67M | 1.75M | 1.75M | 235.2M |
| Total Assets | 185.23M▲ 0% | 172.03M▼ 7.1% | 378.52M▲ 120.0% | 353.63M▼ 6.6% | 341.46M▼ 3.4% | 343.84M▲ 0.7% | 368.1M▲ 7.1% | 324.65M▼ 11.8% | 261.67M▼ 19.4% |
| Asset Turnover | 2.46x | 2.66x | 1.22x | 1.11x | 1.39x | 1.48x | 1.37x | 1.52x | 1.89x |
| Asset Growth % | -11.57% | -7.13% | 120.03% | -6.58% | -3.44% | 0.7% | 7.05% | -11.8% | -19.4% |
| Total Current Liabilities | 43.87M | 33.15M | 58.03M | 58.13M | 76.58M | 64.11M | 67.51M | 65.72M | 61.84M |
| Accounts Payable | 10.93M | 7.85M | 9.35M | 6.4M | 15.54M | 15.31M | 16.69M | 13.19M | 16.55M |
| Days Payables Outstanding | 10.29 | 7.44 | 8.9 | 6.83 | 14.43 | 13.01 | 14.53 | 14.85 | 13.39 |
| Short-Term Debt | 0 | 719K | 750K | 1.13M | 2.03M | 0 | 0 | 0 | 26.26M |
| Deferred Revenue (Current) | 4.08M | 3.28M | 2.95M | 2.98M | 2.85M | 2.43M | 2.22M | 2M | 0 |
| Other Current Liabilities | 17.14M | 3.45M | 8.88M | 6.85M | 7.14M | 2.01M | 698K | 1.41M | -9.09M |
| Current Ratio | 0.50x | 0.70x | 0.51x | 0.41x | 0.29x | 0.34x | 0.34x | 0.31x | 0.31x |
| Quick Ratio | 0.28x | 0.41x | 0.34x | 0.24x | 0.17x | 0.18x | 0.18x | 0.15x | 0.31x |
| Cash Conversion Cycle | 1.07 | 3.75 | 3.34 | 6.68 | -2.58 | 0.27 | -1.63 | 0.21 | - |
| Total Non-Current Liabilities | 105.5M | 86.2M | 269.91M | 265.8M | 227.24M | 241.37M | 273.42M | 264.51M | 245.13M |
| Long-Term Debt | 57.62M | 44.18M | 40.5M | 40.95M | 18.93M | 46.05M | 80.22M | 100.74M | 108.78M |
| Capital Lease Obligations | 0 | 0 | 225.01M | 210.45M | 200.24M | 187.32M | 186.28M | 156.72M | 131.94M |
| Deferred Tax Liabilities | 416K | 133K | 200K | 240K | 269K | 229K | 255K | 276K | 316K |
| Other Non-Current Liabilities | 47.46M | 41.89M | 4.2M | 14.16M | 7.8M | 7.77M | 6.66M | 6.77M | 3.29M |
| Total Liabilities | 149.37M | 119.35M | 327.95M | 323.93M | 303.83M | 305.48M | 340.94M | 330.23M | 306.98M |
| Total Debt | 57.62M | 44.9M | 289.55M | 280.42M | 249.78M | 264.16M | 298.94M | 291.5M | 268.85M |
| Net Debt | 54.26M | 40.25M | 279.09M | 272.58M | 247.52M | 262.64M | 295.93M | 290.35M | 267.59M |
| Debt / Equity | 1.61x | 0.85x | 5.73x | 9.44x | 6.64x | 6.89x | 11.01x | - | - |
| Debt / EBITDA | - | 2.35x | 10.52x | 166.92x | 8.87x | 11.77x | 13.74x | 226.32x | 12.25x |
| Net Debt / EBITDA | - | 2.11x | 10.14x | 162.25x | 8.79x | 11.71x | 13.60x | 225.42x | 12.19x |
| Interest Coverage | -8.82x | -1.02x | 1.60x | -6.37x | 2.79x | -0.34x | -1.05x | -3.31x | -0.47x |
| Total Equity | 35.86M▲ 0% | 52.68M▲ 46.9% | 50.57M▼ 4.0% | 29.7M▼ 41.3% | 37.63M▲ 26.7% | 38.36M▲ 1.9% | 27.16M▼ 29.2% | -5.58M▼ 120.5% | -45.3M▼ 712.1% |
| Equity Growth % | 38.9% | 46.9% | -4.01% | -41.27% | 26.71% | 1.94% | -29.2% | -120.54% | -712.06% |
| Book Value per Share | 7.60 | 9.96 | 9.00 | 5.37 | 6.53 | 6.68 | 4.74 | -0.98 | -7.75 |
| Total Shareholders' Equity | 35.86M | 52.68M | 50.57M | 29.7M | 37.63M | 38.36M | 27.16M | -5.58M | -45.3M |
| Common Stock | 436K | 464K | 466K | 468K | 481K | 485K | 474K | 482K | 62K |
| Retained Earnings | -101.19M | -111.14M | -115.48M | -138.74M | -135.07M | -138.39M | -148.24M | -184.46M | -227.03M |
| Treasury Stock | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M | -35M |
| Accumulated OCI | -169.44M | -183.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NDLS Cash Flow Statement
Noodles & Company (NDLS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 4.1M | 5.35M | 30.06M | 9.12M | 36.16M | 9.56M | 27.5M | 7.56M | 7.28M |
| Operating CF Margin % | 0.9% | 1.17% | 6.5% | 2.32% | 7.61% | 1.88% | 5.46% | 1.53% | 1.47% |
| Operating CF Growth % | -83.42% | 30.33% | 462.29% | -69.65% | 296.37% | -73.57% | 187.69% | -72.5% | -3.66% |
| Net Income | -37.48M | -8.44M | 1.65M | -23.26M | 3.67M | -3.31M | -9.86M | -36.21M | -42.57M |
| Depreciation & Amortization | 24.61M | 22.87M | 22.09M | 21.71M | 22.33M | 23.27M | 26.79M | 29.07M | 27.05M |
| Stock-Based Compensation | 1.51M | 2.98M | 2.44M | 2.5M | 4.11M | 4.33M | 4.24M | 3.72M | 3M |
| Deferred Taxes | -228K | -283K | 68K | 40K | 29K | -40K | 26K | 21K | 0 |
| Other Non-Cash Items | 31.39M | 7.86M | 8.54M | 4.95M | 3.58M | 2.98M | 4.14M | 14.89M | 23.08M |
| Working Capital Changes | -15.71M | -19.64M | -4.72M | 3.18M | 2.45M | -17.67M | 2.16M | -3.93M | -3.27M |
| Change in Receivables | 2.98M | 91K | -630K | -392K | -491K | -2.58M | 1.2M | 1.09M | -171K |
| Change in Inventory | -387K | -541K | -625K | 61K | -382K | -743K | -303K | -702K | -613K |
| Change in Payables | -1.3M | -1.58M | 406K | -1.29M | 4.69M | -563K | 2.21M | -1.94M | 3.92M |
| Cash from Investing | -20.83M | -13.84M | -18.44M | -10.95M | -18.37M | -32.31M | -51.8M | -26.71M | -12.39M |
| Capital Expenditures | -20.83M | -14.34M | -18.79M | -11.78M | -18.78M | -33.89M | -52.04M | -28.77M | -12.39M |
| CapEx % of Revenue | 4.56% | 3.13% | 4.06% | 2.99% | 3.95% | 6.65% | 10.34% | 5.83% | 2.5% |
| Acquisitions | 0 | 0 | -1.39M | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 500K | 1.74M | 837K | 406K | 1.58M | 243K | 2.05M | 0 |
| Cash from Financing | 18.27M | 9.79M | -5.82M | -798K | -23.38M | 22.02M | 25.8M | 17.29M | 5.23M |
| Debt Issued (Net) | -26.58M | -12.24M | -4.65M | 107K | -23.48M | 23.45M | 32.12M | 18.38M | 5.38M |
| Equity Issued (Net) | 45.7M | 0 | 0 | 0 | 0 | 0 | -4.98M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -4.98M | 0 | 0 |
| Other Financing | -855K | 22.03M | -1.17M | -905K | 101K | -1.43M | -1.34M | -1.09M | -157K |
| Net Change in Cash | 1.52M▲ 0% | 1.29M▼ 15.1% | 5.8M▲ 348.5% | -2.62M▼ 145.1% | -5.58M▼ 113.2% | -732K▲ 86.9% | 1.49M▲ 303.6% | -1.86M▼ 225.1% | 116K▲ 106.2% |
| Free Cash Flow | -16.73M▲ 0% | -8.99M▲ 46.2% | 11.27M▲ 225.3% | -2.66M▼ 123.6% | 17.39M▲ 754.2% | -24.33M▼ 239.9% | -24.55M▼ 0.9% | -21.21M▲ 13.6% | -5.11M▲ 75.9% |
| FCF Margin % | -3.66% | -1.96% | 2.44% | -0.68% | 3.66% | -4.78% | -4.88% | -4.3% | -1.03% |
| FCF Growth % | 10.07% | 46.24% | 225.32% | -123.59% | 754.21% | -239.91% | -0.9% | 13.61% | 75.9% |
| FCF per Share | -3.54 | -1.70 | 2.00 | -0.48 | 3.02 | -4.24 | -4.28 | -3.73 | -0.87 |
| FCF Conversion (FCF/Net Income) | -0.09x | -0.63x | 18.25x | -0.39x | 9.87x | -2.88x | -2.79x | -0.21x | -0.17x |
| Interest Paid | 0 | 0 | 0 | 0 | 1.4M | 1.5M | 3.98M | 7.5M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 106K | 123K | 158K | 25K | 0 |
NDLS Key Ratios
Noodles & Company (NDLS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -119.87% | -147.37% | -19.07% | 3.19% | -57.95% | 10.89% | -8.72% | -30.08% | -335.6% | - |
| Return on Invested Capital (ROIC) | -37.76% | -25.54% | -3.08% | 1.93% | -4.75% | 1.49% | -0.21% | -1.21% | -6.85% | -1.51% |
| Gross Margin | 13.68% | 15.09% | 15.81% | 17.11% | 13.09% | 17.27% | 15.73% | 16.73% | 34.25% | 8.89% |
| Net Margin | -14.7% | -9.96% | -1.84% | 0.36% | -5.91% | 0.77% | -0.65% | -1.96% | -7.34% | -8.6% |
| Debt / Equity | 3.28x | 1.61x | 0.85x | 5.73x | 9.44x | 6.64x | 6.89x | 11.01x | - | - |
| Interest Coverage | -23.16x | -8.82x | -1.02x | 1.60x | -6.37x | 2.79x | -0.34x | -1.05x | -3.31x | -0.47x |
| FCF Conversion | -0.35x | -0.09x | -0.63x | 18.25x | -0.39x | 9.87x | -2.88x | -2.79x | -0.21x | -0.17x |
| Revenue Growth | 7.03% | -6.36% | 0.3% | 1% | -14.87% | 20.7% | 7.22% | -1.19% | -2.01% | 0.37% |
NDLS SEC Filings & Documents
Noodles & Company (NDLS) SEC filings — annual & quarterly reports (10-K, 10-Q)
NDLS Frequently Asked Questions
Noodles & Company (NDLS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Noodles & Company (NDLS) reported $495.1M in revenue for fiscal year 2025. This represents a 93% increase from $256.1M in 2011.
Noodles & Company (NDLS) grew revenue by 0.4% over the past year. Growth has been modest.
Noodles & Company (NDLS) reported a net loss of $42.6M for fiscal year 2025.
Dividend & Returns
Noodles & Company (NDLS) had negative free cash flow of $5.1M in fiscal year 2025, likely due to heavy capital investments.
Explore More NDLS
Noodles & Company (NDLS) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates