Noodles & Company

NDLSNASDAQConsumer Cyclical● Active

$12.86

+$0.56(+4.55%)

Market Cap$75771750

P/E Ratio—

52W High$13.95

52W Low$3.57

Avg Volume83K

Open$12.51

Beta1.43

Free Cash Flow Financials Revenue

Noodles & Company (NDLS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NDLS · free cash flow · updated Jun 8, 2026

Core FCF metrics

NDLS · FCF · TTM · margin & CAGR

Free cash flow was −$5.1M for FY2025 (fiscal year ending 2025-12-30), up 75.9% year-over-year The FCF margin was -1.0%.

FY2025 Free Cash Flow−$5.1M▲ +75.9% YoY

Trailing 12M (TTM)−$2.3Mtrailing 4 quarters sum

FCF Margin-1.0%−$5.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NDLS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$7.3M(12M)−$5.1M▲ +75.9%-1.0%

FY2024$7.6M(29M)−$21.2M▲ +13.6%-4.3%

FY2024$27.5M(52M)−$24.5M▼ 0.9%-4.9%

FY2023$9.6M(34M)−$24.3M▼ 239.9%-4.8%

FY2021$36.2M(19M)$17.4M▲ +754.2%3.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NDLS · P/FCF · FCF yield · FCF per share

Noodles & Company (NDLS) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-30

Cash flow statement summary

NDLS · cash flow statement · operating / investing / financing

For FY2025, Noodles & Company generated $7.3M in operating cash flow and spent 12M in capital expenditures, yielding −$5.1M in free cash flow.

Operating Activities

+$7.3M

Cash from core business operations

2025-12-30

Investing Activities

−$12.4M

CapEx, acquisitions & investments

2025-12-30

Financing Activities

+$5.2M

Buybacks, dividends & debt

2025-12-30

FCF FormulaOperating CF ($7.3M) − |CapEx| (12M) = FCF (−$5.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

NDLS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Noodles & CompanyYOU

NDLS

−$5.1M+75.9%-1.0%

Loss

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Noodles & Company (NDLS) reported free cash flow of −$5.1M for FY2025 (fiscal year ending 2025-12-30), up 75.9% year-over-year. The FCF margin was -1.0%.

Based on available data, Noodles & Company has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $17.4M in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NDLS free cash flow · 8 questions

Noodles & Company free cash flow was −$5.1M for FY2025, up 75.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$2.3M.

NDLS free cash flowNDLS FCFNDLS FCF 2025NDLS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Noodles & Company · Noodles & Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026