| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 3.01 | 1.15 | 1.27 | 1.30 |
| Receivables | 5.48 | 4.39 | 4.38 | 5.12 |
| Inventory | 10.25 | 10.50 | 10.22 | 9.31 |
| Other | — | — | — | — |
| 22.62 | 20.19 | 18.89 | 18.52 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 16.69 | 13.19 | 16.55 | 16.59 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 67.51 | 65.72 | 61.85 | 62.97 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 123.79 | 127.04 | — | — |
—
|
| ’25 | 123.79 | 126.43 | 122.09 | 122.78 |
495.09
|
| ’24 | 121.40 | 127.35 | 122.75 | 121.77 |
493.27
|
| ’23 | 126.08 | 125.15 | 127.85 | 124.32 |
503.41
|
| ’22 | 112.56 | 131.07 | 129.38 | 136.47 |
509.48
|
| ’21 | 109.58 | 125.65 | 125.13 | 114.80 |
475.15
|
| ’20 | 100.35 | 80.16 | 105.98 | 107.17 |
393.66
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 6.02 | 3.31 | — | — |
—
|
| ’25 | 4.03 | (0.85) | 5.18 | (1.07) |
7.28
|
| ’24 | 7.01 | 4.72 | 5.82 | (9.98) |
7.56
|
| ’23 | 7.22 | 3.16 | 16.95 | 0.16 |
27.50
|
| ’22 | (6.06) | 12.10 | 1.78 | 1.74 |
9.56
|
| ’21 | 3.78 | 19.47 | 6.65 | 6.27 |
36.17
|
| ’20 | (0.66) | 7.37 | 1.61 | 0.81 |
9.12
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3.94 | 1.80 | — | — |
—
|
| ’25 | 1.12 | (4.25) | 1.44 | (3.41) |
(5.11)
|
| ’24 | (1.64) | (4.46) | (1.33) | (13.78) |
(21.21)
|
| ’23 | (3.21) | (10.31) | 4.14 | (15.16) |
(24.55)
|
| ’22 | (14.47) | 3.79 | (4.05) | (9.60) |
(24.33)
|
| ’21 | 1.05 | 14.72 | 1.16 | 0.46 |
17.39
|
| ’20 | (4.58) | 4.47 | (1.47) | (1.08) |
(2.66)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.58) | (0.67) | — | — |
—
|
| ’25 | (1.60) | (3.04) | (1.60) | (1.16) |
(7.36)
|
| ’24 | (1.12) | (2.40) | (1.20) | (1.68) |
(6.40)
|
| ’23 | (0.56) | (0.24) | 0.16 | (1.12) |
(1.68)
|
| ’22 | (1.12) | 0.24 | 0.16 | 0.16 |
(0.56)
|
| ’21 | (0.32) | 0.96 | 0.80 | (0.80) |
0.64
|
| ’20 | (1.04) | (2.40) | 0.00 | (0.72) |
(4.24)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34.00 | 15.68 | 4.40 | 4.40 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 77.04 | 52.40 | 25.52 | 13.92 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8,100 | 7,600 | 7,300 | 6,500 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.06 | 0.07 | 0.07 | 0.08 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 509.48 | 503.41 | 493.27 | 495.09 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 72.94% | 75.35% | 74.92% | 74.31% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.28) | (9.83) | (36.16) | (42.50) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.64%) | (1.95%) | (7.33%) | (8.59%) | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.31) | (9.86) | (36.21) | (42.57) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.99 | 27.16 | 29.67 | 27.93 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 88.77 | 87.81 | 86.79 | 85.55 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | (0.56) | (1.68) | (6.40) | (7.36) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.67 | 4.80 | 1.33 | 1.26 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.90) | (9.08) | (5.06) | (2.14) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.24) | (4.28) | (3.73) | (0.88) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.68 | 4.74 | (0.98) | (7.83) | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.74 | 5.73 | 5.68 | 5.79 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.50 | 0.28 | 0.05 | 0.07 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.62 | 5.25 | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.65 | 0.50 | 0.32 | 0.35 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.53) | (10.26) | (7.45) | (33.74) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.56 | 27.50 | 7.56 | 7.28 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (33.89) | (52.04) | (28.77) | (12.39) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (24.33) | (24.55) | (21.21) | (5.11) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (42.48) | (44.89) | (45.52) | (42.95) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 76.84 | 80.22 | 100.74 | 108.78 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 75.32 | 77.21 | 99.59 | 107.51 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.36 | 27.16 | (5.58) | (45.30) | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.97%) | (2.77%) | (10.45%) | (14.52%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.46%) | (3.01%) | (18.47%) | (31.74%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.72%) | (30.08%) | (335.60%) | 167.31% | — | — | — |
ROE
|
Noodles & Company (NDLS), the fast-casual pasta chain, is grappling with stagnant revenue—peaking at $509 million in 2022 before declining to $493 million in 2024—and deepening losses, with net income plunging to -$36 million last year amid rising debt to $101 million and persistently negative free cash flow. Despite these headwinds, operational efficiencies shine through: revenue per employee has surged 51% to $68,000 with 33% fewer staff, and gross margins remain stable at 73-75%, even as inflation and competition from delivery apps pressure the casual dining sector. The stock, trading near $0.49 lows after a brutal decline from 2016 highs, now boasts ultra-low valuations like 0.05x price-to-sales, fueling analysts’ rare unanimity on a 257% upside.
This beaten-down profile tempts speculators, with optimism hinging on store closures (10% of units), menu innovations, and potential FCF turnaround to $11.6 million, alongside activist-driven board changes that could spark a sale. Yet risks abound: worsening profitability (EBT margin at -7.3%), negative equity yielding -336% ROE, dilution from 63% more shares outstanding, and insider silence signal execution challenges or bankruptcy threats in a recessionary environment. Dive deeper to assess if survival mode delivers or just more pain.
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