Noodles & Company (NDLS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NDLS Revenue Growth
Revenue Breakdown (FY 2025)
NDLS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NDLS Revenue Analysis (2014–2025)
As of May 8, 2026, Noodles & Company (NDLS) generated trailing twelve-month (TTM) revenue of $495.1 million, reflecting slight decline in growth of -0.0% year-over-year. The most recent quarter (Q1 2026) recorded $123.8 million in revenue, up 0.8% sequentially.
Looking at the longer-term picture, NDLS's 5-year compound annual growth rate (CAGR) stands at +4.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $509.5 million in 2022.
Revenue diversification analysis shows NDLS's business is primarily driven by Food and Beverage (98%), and Franchise (2%). With over half of revenue concentrated in Food and Beverage, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including SHAK (+16.2% YoY), BROS (+28.4% YoY), and CAVA (-12.0% YoY), NDLS has underperformed the peer group in terms of revenue growth. Compare NDLS vs SHAK →
NDLS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NDLSCurrent | $495M | -0.0% | +4.7% | -1.0% | |
 SHAK | $1.4B | +16.2% | +22.6% | 5.9% | |
 BROS | $1.6B | +28.4% | +38.0% | 9.8% | |
 CAVA | $848M | -12.0% | - | 6.5% | |
 PTLO | $732M | +2.4% | +10.0% | 7.0% | |
 NATH | $148M | +7.8% | +7.5% | 24.6% |
NDLS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $495.1M | +0.4% | $44.0M | 8.9% | $-5,102,000 | -1.0% |
| 2024 | $493.3M | -2.0% | $169.0M | 34.3% | $-27,778,000 | -5.6% |
| 2023 | $503.4M | -1.2% | $84.2M | 16.7% | $-5,029,000 | -1.0% |
| 2022 | $509.5M | +7.2% | $80.2M | 15.7% | $-832,000 | -0.2% |
| 2021 | $475.2M | +20.7% | $82.1M | 17.3% | $5.8M | 1.2% |
| 2020 | $393.7M | -14.9% | $51.5M | 13.1% | $-20,029,000 | -5.1% |
| 2019 | $462.4M | +1.0% | $79.1M | 17.1% | $5.4M | 1.2% |
| 2018 | $457.8M | +0.3% | $72.4M | 15.8% | $-3,758,000 | -0.8% |
| 2017 | $456.5M | -6.4% | $68.9M | 15.1% | $-33,850,000 | -7.4% |
| 2016 | $487.5M | +7.0% | $66.7M | 13.7% | $-67,528,000 | -13.9% |
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Start ComparisonNDLS — Frequently Asked Questions
Quick answers to the most common questions about buying NDLS stock.
Is NDLS's revenue growth accelerating or slowing?
NDLS TTM revenue: $495M. YoY growth: -0.0%. 5-year CAGR: +4.7%.
What is NDLS's long-term revenue growth rate?
Noodles & Company's 5-year revenue CAGR of +4.7% reflects the variable expansion pattern. Current YoY growth of -0.0% is near this long-term average.
How is NDLS's revenue distributed by segment?
NDLS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.