What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Noodles & Company NDLS Gross margin

Discontinued — last reported Q4 '19

Gross margin at other companies

SweetgreenSG

13.3%-6.2pp

Papa John's InternationalPZZA

28.8%+0.3pp

CNN

Cannae Holdings, Inc.CNNE

15.8%-1.5pp

Kura Sushi USA, Inc.KRUS

95%-0.1pp

Biglari Holdings Inc.BH

59.5%-0.6pp

BJ's RestaurantsBJRI

74.7%+0.5pp

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+168%

Enterprise value$340.32M+7.9%

P/S0.2×+0.1×

Profitability

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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.

gross profit/total revenue=74.7%

Based on trailing twelve months.

The official record: Noodles & Company’s 10-Q, filed November 9, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.