What is Noodles & Company's EV / EBITDA?

Noodles & Company (NDLS) reported EV / EBITDA of 249× in Q4 2024.

How has Noodles & Company's EV / EBITDA changed year-over-year?

Noodles & Company's EV / EBITDA increased by 1128.1% year-over-year, from 20.3× to 249×.

What is the long-term trend for Noodles & Company's EV / EBITDA?

Over 2 years (2020 to 2024), Noodles & Company's EV / EBITDA has grown at a -19.1% compound annual growth rate (CAGR), from 380.7× to 249×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Noodles & Company NDLS EV / EBITDA

EV / EBITDA at other companies

Chipotle Mexican GrillCMG

21×-10.4×

Shake ShackSHAK

25.1×-11.9×

El Pollo LocoLOCO

9.7×+1.0×

Red Robin Gourmet BurgersRRGB

139.6×—

Portillo's Inc.PTLO

15.3×-0.5×

Papa John's InternationalPZZA

11.1×+0.6×

Other financials

Income statement

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Revenue$123.8M0.0%

Operating income-$812.0K+87.3%

Net income-$3.4M+62.3%

EPS (diluted)-$0.58+63.3%

Balance sheet

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Cash & equivalents$1.4M+3.4%

Total debt$253.7M-12.6%

Total equity-$48.0M-246%

Total assets$246.3M-22.9%

Cash flow

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Operating cash flow$6.0M+49.2%

CapEx$2.1M-28.8%

Free cash flow$3.9M+253%

Valuation

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Market cap$88.09M+160%

Enterprise value$340.32M+7.0%

P/S0.2×+0.1×

Profitability

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Gross margin74.7%—

Operating margin-5.3%-0.6pp

Net margin-7.5%-0.4pp

FCF margin-3.7%—

Returns & leverage

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Return on equity-180.2%—

Debt / equity77.5×+68.6×

Current ratio0.3×0.0×

Where this comes from

Calculated from Noodles & Company’s reported figures.

enterprise value/ebitda=249×

Based on the most recent quarter.

The official record: Noodles & Company’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Noodles & Company's EV / EBITDA?: Noodles & Company (NDLS) reported EV / EBITDA of 249× in Q4 2024.
How has Noodles & Company's EV / EBITDA changed year-over-year?: Noodles & Company's EV / EBITDA increased by 1128.1% year-over-year, from 20.3× to 249×.
What is the long-term trend for Noodles & Company's EV / EBITDA?: Over 2 years (2020 to 2024), Noodles & Company's EV / EBITDA has grown at a -19.1% compound annual growth rate (CAGR), from 380.7× to 249×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.