Stocktoria
NOODLES & Co NDLS
NOODLES & Co (NDLS) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $495.1M at a -8.6% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
How it ranks in Retail Trade · percentile among 238 companies
Percentile vs other Retail Trade companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.164 |
| Retained earnings / assets | -0.868 |
| EBIT / assets | -0.121 |
| Equity / liabilities | -0.148 |
Sector peers · similar-size Retail Trade companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| NDLS | NOODLES & Co | 3/9 | -4.87 | — | +0.4% |
| LOCO | El Pollo Loco Holdings, Inc. | 8/9 | 1.09 | 19.3 | +3.6% |
| BH | Biglari Holdings Inc. | 3/9 | — | — | +9.2% |
| WING | Wingstop Inc. | 5/9 | -0.55 | 25.4 | +11.4% |
| KRUS | KURA SUSHI USA, INC. | 3/9 | 1.37 | — | +18.9% |
| RICK | RCI HOSPITALITY HOLDINGS, INC. | 6/9 | 2.17 | 19.1 | -5.5% |
| PTLO | Portillo's Inc. | 3/9 | 0.2 | 18.6 | +3% |
About NOODLES & Co
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants in the United States. The company offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It also operates company owned and franchise operated locations, as well as offers products digitally through mobile apps, website, and third-party delivery services. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.
FAQ
Is NDLS financially healthy?
NOODLES & Co's Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does NDLS pay a dividend?
No, NOODLES & Co does not currently pay a dividend.
How profitable is NDLS?
In FY2025, NOODLES & Co had a net margin of -8.6%.
Is NDLS overvalued or undervalued?
NOODLES & Co trades at about 205.4× trailing earnings — below its 10-year norm (10-year range 555.7×–1428.0×, median 1211.7×). Stocktoria reports the data, not buy/sell advice.
Is NDLS a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on NOODLES & Co: a Piotroski F-score of 3/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-30. Facts plus Stocktoria's own computed scores — not investment advice.