Noodles (NDLS) Gross Margin (2012 - 2026)
Noodles (NDLS) reported Gross Margin of 79.23% for Q1 2026, down 5.0% on a YoY basis from 83.4% in Q1 2025, and down 1.27% quarter-over-quarter from 80.25% in Q4 2025.
Noodles (NDLS) Gross Margin (2012 - 2026) Analysis & Trends
Noodles has reported Gross Margin for 15 years, with the latest figure at 79.23% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 5.0% year-over-year to 79.23%; the trailing twelve-month figure through Mar 2026 stood at 80.02% (down 37.0% YoY), and the FY2025 full-year result was 80.03%, down 71.0% from the prior year.
- Gross Margin for Q1 2026 stood at 79.23%, down from 80.25% in the prior quarter.
- The five-year high for Gross Margin was 82.61% in Q2 2022, with the low at 79.23% in Q1 2026.
- Historically, Gross Margin has averaged 80.91% across 5 years, with a median of 80.69% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin soared 38 bps — and 2024, when it slumped 201 bps.
- Noodles' Gross Margin stood at 82.45% in 2022, then dropped by 0 bps to 82.36% in 2023, then dropped by 2 bps to 80.69% in 2024, then retreated by 1 bps to 80.25% in 2025, then fell by 1 bps to 79.23% in 2026.
- The last three Gross Margin figures came in at 79.23% (Q1 2026), 80.25% (Q4 2025), and 79.88% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 98.63% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 84.44% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 67.12% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 290.04% |
| 10 | Noodles | 83.06 Mn | 81.61 Mn | 98.07 Mn | 79.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 79.23% |
| Dec 30, 2025 | 80.25% |
| Sep 30, 2025 | 79.88% |
| Jul 1, 2025 | 80.69% |
| Apr 1, 2025 | 79.28% |
| Dec 31, 2024 | 80.69% |
| Oct 1, 2024 | 80.35% |
| Jul 2, 2024 | 81.21% |
| Apr 2, 2024 | 80.67% |
| Jan 2, 2024 | 81.45% |
| Oct 3, 2023 | 82.36% |
| Jul 4, 2023 | 81.95% |
| Apr 4, 2023 | 80.96% |
| Sep 27, 2022 | 82.45% |
| Jun 28, 2022 | 82.61% |
| Mar 29, 2022 | 80.57% |
| Dec 28, 2021 | 81.89% |
| Sep 28, 2021 | 82.79% |
| Jun 29, 2021 | 83.22% |
| Mar 30, 2021 | 81.56% |