Noodles & Company (NDLS) - Net Assets
Based on the latest financial reports, Noodles & Company (NDLS) has net assets worth $-48.04 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($246.31 Million) and total liabilities ($294.36 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Noodles & Company balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-48.04 Million |
| % of Total Assets | -19.5% |
| Annual Growth Rate | N/A |
| 5-Year Change | -220.39% |
| 10-Year Change | -275.48% |
| Growth Volatility | 218.3 |
Noodles & Company - Net Assets Trend (2011–2025)
This chart illustrates how Noodles & Company's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Noodles & Company to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Noodles & Company (2011–2025)
The table below shows the annual net assets of Noodles & Company from 2011 to 2025. For live valuation and market cap data, see NDLS market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-45.30 Million | -712.06% |
| 2024-12-31 | $-5.58 Million | -120.54% |
| 2023-12-31 | $27.16 Million | -29.20% |
| 2022-12-31 | $38.36 Million | +1.94% |
| 2021-12-31 | $37.63 Million | +26.71% |
| 2020-12-31 | $29.70 Million | -41.27% |
| 2019-12-31 | $50.57 Million | -4.01% |
| 2018-12-31 | $52.68 Million | +46.90% |
| 2017-12-31 | $35.86 Million | +38.90% |
| 2016-12-31 | $25.82 Million | -72.47% |
| 2015-12-31 | $93.77 Million | -33.07% |
| 2014-12-31 | $140.12 Million | +12.57% |
| 2013-12-31 | $124.47 Million | +788.59% |
| 2012-12-31 | $14.01 Million | +86.20% |
| 2011-12-31 | $7.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noodles & Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 22550500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $62.00K | % |
| Other Components | $181.66 Million | % |
| Total Equity | $-45.30 Million | 100.00% |
Noodles & Company Competitors by Market Cap
The table below lists competitors of Noodles & Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pharol SGPS SA
LS:PHR
|
$70.84 Million |
|
GAMBLING.COM GRP ON
F:6WH
|
$70.86 Million |
|
ORIENTBIO Inc.
KO:002630
|
$70.88 Million |
|
HY Electronic Cayman Ltd
TW:6573
|
$70.89 Million |
|
Zhong Yang Financial Group Limited Ordinary Shares
NASDAQ:TOP
|
$70.80 Million |
|
HLB Life Science Co. Ltd
KQ:067630
|
$70.79 Million |
|
Johnson Chemical Pharmaceutical Works Co Ltd
TWO:4747
|
$70.78 Million |
|
Sai Gon Ground Services JSC
VN:SGN
|
$70.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noodles & Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -5,579,000 to -45,305,000, a change of -39,726,000.
- Net loss of 42,568,000 reduced equity.
- Other factors increased equity by 2,842,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-42.57 Million | -93.96% |
| Other Changes | $2.84 Million | +6.27% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Noodles & Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $2.10 | $12.53 | x |
| 2012-12-31 | $3.92 | $12.53 | x |
| 2013-12-31 | $4.50 | $12.53 | x |
| 2014-12-31 | $4.52 | $12.53 | x |
| 2015-12-31 | $3.24 | $12.53 | x |
| 2016-12-31 | $0.93 | $12.53 | x |
| 2017-12-31 | $0.95 | $12.53 | x |
| 2018-12-31 | $9.96 | $12.53 | x |
| 2019-12-31 | $9.00 | $12.53 | x |
| 2020-12-31 | $5.37 | $12.53 | x |
| 2021-12-31 | $6.53 | $12.53 | x |
| 2022-12-31 | $6.68 | $12.53 | x |
| 2023-12-31 | $4.74 | $12.53 | x |
| 2024-12-31 | $-0.98 | $12.53 | x |
| 2025-12-31 | $-7.75 | $12.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noodles & Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.60%
- • Asset Turnover: 1.89x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-29.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 50.90% | 1.50% | 2.03x | 16.79x | $3.08 Million |
| 2012 | 36.86% | 1.72% | 1.91x | 11.21x | $3.76 Million |
| 2013 | 5.35% | 1.90% | 2.07x | 1.36x | $-5.78 Million |
| 2014 | 8.16% | 2.83% | 1.69x | 1.71x | $-2.58 Million |
| 2015 | -14.68% | -3.02% | 1.90x | 2.56x | $-23.14 Million |
| 2016 | -277.62% | -14.70% | 2.33x | 8.11x | $-74.26 Million |
| 2017 | -126.74% | -9.96% | 2.46x | 5.17x | $-49.04 Million |
| 2018 | -16.02% | -1.84% | 2.66x | 3.27x | $-13.71 Million |
| 2019 | 3.26% | 0.36% | 1.22x | 7.48x | $-3.41 Million |
| 2020 | -78.32% | -5.91% | 1.11x | 11.91x | $-26.23 Million |
| 2021 | 9.74% | 0.77% | 1.39x | 9.07x | $-98.30K |
| 2022 | -8.64% | -0.65% | 1.48x | 8.96x | $-7.15 Million |
| 2023 | -36.29% | -1.96% | 1.37x | 13.55x | $-12.57 Million |
| 2024 | 0.00% | -7.34% | 1.52x | 0.00x | $-35.66 Million |
| 2025 | 0.00% | -8.60% | 1.89x | 0.00x | $-38.04 Million |
Industry Comparison
This section compares Noodles & Company's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $165,834,000
- Average return on equity (ROE) among peers: 20.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noodles & Company (NDLS) | $-48.04 Million | 50.90% | N/A | $70.82 Million |
| Arcos Dorados Holdings Inc (ARCO) | $454.05 Million | 17.62% | 2.27x | $1.11 Billion |
| Ark Restaurants Corp (ARKR) | $8.80 Million | 7.95% | 0.76x | $21.10 Million |
| Flanigans Enterprises Inc (BDL) | $1.50 Million | 26.67% | 3.27x | $56.74 Million |
| BurgerFi International, Inc. (BFICQ) | $259.07 Million | 0.24% | 0.12x | $2.74K |
| Biglari Holdings Inc (BH) | $42.60 Million | 23.47% | 1.34x | $777.12 Million |
| Biglari Holdings Inc (BH-A) | $22.50 Million | 22.22% | 1.48x | $401.85 Million |
| BJs Restaurants Inc (BJRI) | $290.29 Million | 15.58% | 3.25x | $1.09 Billion |
| Bloomin Brands Inc (BLMN) | $222.85 Million | 96.73% | 13.78x | $664.79 Million |
| Black Rock Coffee Bar, Inc. Class A Common Stock (BRCB) | $104.71 Million | -0.06% | 2.21x | $139.15 Million |
| Dutch Bros Inc (BROS) | $251.98 Million | -1.89% | 3.71x | $8.93 Billion |
About Noodles & Company
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 & Co… Read more