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Noodles Valuation Multiples
Discover revenue and EBITDA valuation multiples for Noodles and similar public comparables like Premium Catering Holdings, Speed Rabbit Pizza, Ark Restaurants, Retail Food Group and more.
Noodles Overview
About Noodles
Noodles & Co is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. The company's menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and appetizers. The company also provides dining, pick-up and delivery services.
Founded
2002
HQ
Employees
7.3K
Website
Sectors
Financials (LTM)
EV
$303M
Noodles Financials
Noodles reported last 12-month revenue of $490M and EBITDA of $23M.
In the same LTM period, Noodles generated $363M in gross profit, $23M in EBITDA, and had net loss of ($18M).
Revenue (LTM)
Noodles P&L
In the most recent fiscal year, Noodles reported revenue of $503M and EBITDA of $24M.
Noodles expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $490M | XXX | $503M | XXX | XXX | XXX |
| Gross Profit | $363M | XXX | $84M | XXX | XXX | XXX |
| Gross Margin | 74% | XXX | 17% | XXX | XXX | XXX |
| EBITDA | $23M | XXX | $24M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | (6%) | XXX | 1% | XXX | XXX | XXX |
| Net Profit | ($18M) | XXX | ($10M) | XXX | XXX | XXX |
| Net Margin | (4%) | XXX | (2%) | XXX | XXX | XXX |
| Net Debt | — | — | $77M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Noodles Stock Performance
Noodles has current market cap of $37M, and enterprise value of $303M.
Market Cap Evolution
Noodles' stock price is $6.30.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $303M | $37M | 0.0% | XXX | XXX | XXX | $-1.68 |
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Start Free TrialNoodles Valuation Multiples
Noodles trades at 0.6x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
Noodles Financial Valuation Multiples
As of March 18, 2026, Noodles has market cap of $37M and EV of $303M.
Equity research analysts estimate Noodles' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Noodles has a P/E ratio of (2.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $37M | XXX | $37M | XXX | XXX | XXX |
| EV (current) | $303M | XXX | $303M | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 12.8x | XXX | XXX | XXX |
| EV/EBIT | (11.0x) | XXX | 89.8x | XXX | XXX | XXX |
| EV/Gross Profit | 0.8x | XXX | 3.6x | XXX | XXX | XXX |
| P/E | (2.0x) | XXX | (3.7x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (12.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Noodles Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Noodles Margins & Growth Rates
Noodles' revenue in the last 12 month declined by (4%).
Noodles' revenue per employee in the last FY averaged $0.1M.
Noodles' rule of 40 is 1% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Noodles' rule of X is (5%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Noodles Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (4%) | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 1% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (5%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Noodles Public Comps
See public comps and valuation multiples for other Restaurants & Nightlife comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Premium Catering Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Speed Rabbit Pizza | XXX | XXX | XXX | XXX | XXX | XXX |
| Ark Restaurants | XXX | XXX | XXX | XXX | XXX | XXX |
| Retail Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CMR | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Noodles M&A Activity
Noodles acquired XXX companies to date.
Last acquisition by Noodles was on XXXXXXXX, XXXXX. Noodles acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Noodles
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNoodles Investment Activity
Noodles invested in XXX companies to date.
Noodles made its latest investment on XXXXXXXX, XXXXX. Noodles invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Noodles
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Noodles
| When was Noodles founded? | Noodles was founded in 2002. |
| Where is Noodles headquartered? | Noodles is headquartered in United States. |
| How many employees does Noodles have? | As of today, Noodles has over 7K employees. |
| Who is the CEO of Noodles? | Noodles' CEO is Joseph Christina. |
| Is Noodles publicly listed? | Yes, Noodles is a public company listed on Nasdaq. |
| What is the stock symbol of Noodles? | Noodles trades under NDLS ticker. |
| When did Noodles go public? | Noodles went public in 2013. |
| Who are competitors of Noodles? | Noodles main competitors are Premium Catering Holdings, Speed Rabbit Pizza, Ark Restaurants, Retail Food Group. |
| What is the current market cap of Noodles? | Noodles' current market cap is $37M. |
| What is the current revenue of Noodles? | Noodles' last 12 months revenue is $490M. |
| What is the current revenue growth of Noodles? | Noodles revenue growth (NTM/LTM) is (4%). |
| What is the current EV/Revenue multiple of Noodles? | Current revenue multiple of Noodles is 0.6x. |
| Is Noodles profitable? | Yes, Noodles is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Noodles? | Noodles' last 12 months EBITDA is $23M. |
| What is Noodles' EBITDA margin? | Noodles' last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Noodles? | Current EBITDA multiple of Noodles is 12.9x. |
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