Noodles (NDLS) Gross Margin (2012 - 2026)
Noodles (NDLS) posted quarterly Gross Margin of 80.03% for Q2 2026, down 66.0% year-on-year from 235.38% in Q2 2025, and up 1.01% on a QoQ basis from 79.23% in Q1 2026.
Noodles (NDLS) Gross Margin (2012 - 2026) Analysis & Trends
Noodles (NDLS) has reported Gross Margin for 15 consecutive years, with 80.03% the latest figure, recorded in Q2 2026.
- Quarterly Gross Margin fell 66.0% year-over-year to 80.03% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 79.85% (down 40.0% YoY) and the FY2025 annual result came in at 80.03%, down 71.0% from the prior year.
- Gross Margin grew to 80.03% in Q2 2026 per NDLS's latest filing, from 79.23% in the prior quarter.
- Over the last five years, Gross Margin for NDLS reached as high as 82.61% in Q2 2022 and fell as low as 79.23% in Q1 2026.
- A 5-year average of 80.86% and a median of 80.69% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 38 bps — and 2024, when it sank 201 bps.
- Year by year, Gross Margin stood at 82.45% in 2022, then retreated by 0 bps to 82.36% in 2023, then retreated by 2 bps to 80.69% in 2024, then dropped by 1 bps to 80.25% in 2025, then slipped by 0 bps to 80.03% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 80.03%, 79.23%, and 80.25% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 66.34% |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 84.44% |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 67.12% |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 98.84% |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 70.56% |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 40.04% |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 23.14% |
| 10 | Noodles | 76.51 Mn | 75.06 Mn | 101.67 Mn | 80.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 80.03% |
| 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% |