Noodles (NDLS) Gross Margin (2012 - 2026)
Noodles' (NDLS) quarterly Gross Margin came in at 80.03% in Q2 2026, down 66.0% YoY from 235.38% in Q2 2025, and up 1.01% on a QoQ basis from 79.23% in Q1 2026.
Analysis
Noodles (NDLS) Gross Margin (2012 - 2026) Analysis & Trends
Noodles (NDLS) has 15 years of Gross Margin data on file, last reported at 80.03% 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 climbed to 80.03% in Q2 2026, from 79.23% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 82.61% in Q2 2022 to a low of 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 soared 38 bps — and 2024, when it slumped 201 bps.
- Tracing NDLS's Gross Margin over 5 years: 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 0 bps to 80.03% in 2026.
- The last three Gross Margin figures came in at 80.03% (Q2 2026), 79.23% (Q1 2026), and 80.25% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 181.46 Bn | 180.64 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 119.15 Bn | 115.53 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 47.22 Bn | 46.55 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 41.34 Bn | 40.66 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 27.92 Bn | 26.86 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 25.01 Bn | 24.79 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 15.19 Bn | 13.80 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 12.42 Bn | 12.22 Bn | 1.44 Bn | 85.89% |
| 10 | Noodles | 84.85 Mn | 83.55 Mn | 101.67 Mn | 80.03% |
Historic Data
Download Data
Historic 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% |