Noodles (NDLS) Gross Margin (2018 - 2026)
Noodles' Gross Margin came in at 71.08% for Q2 2026, up 2.15 percentage points from 68.93% a year earlier and up 0.50 percentage points from the prior quarter.
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Analysis
Noodles (NDLS) Gross Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Noodles reported Gross Margin of 35.52%, up 1.34 percentage points year-over-year; for FY2025, it was 34.33%, up 0.08 percentage points from FY2024.
- Gross Margin carries a five-year change of +3.15 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 34.25% in FY2024 (-0.66 pp), 34.92% in FY2023 and 34.87% in FY2021 (+3.69 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2019.
- Year-over-year, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of -15.02 percentage points over the last seven quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2026 (a gain of 2.41 percentage points), and the weakest in Q4 2024 (a drop of 110.70 percentage points).
- Business Quant data shows NDLS's Gross Margin at 70.59% (Q1 2026), -70.19% (Q4 2025) and 69.28% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.62 Bn | 160.44 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 108.79 Bn | 96.42 Bn | - | - |
| 3 | Chipotle Mexican Grill | 40.35 Bn | 36.33 Bn | - | - |
| 4 | Yum Brands | 37.59 Bn | 34.48 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 24.96 Bn | 22.07 Bn | 1.38 Bn | 54.64% |
| 6 | Darden Restaurants | 22.28 Bn | 21.39 Bn | -113.70 Mn | -3.06% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 54.64% |
| 8 | Yum China Holdings | 14.08 Bn | 8.44 Bn | 537.00 Mn | 17.11% |
| 9 | Texas Roadhouse | 10.31 Bn | 9.67 Bn | - | - |
| 10 | Noodles | 82.34 Mn | 73.64 Mn | 90.30 Mn | 71.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.08% |
| Mar 31, 2026 | 70.59% |
| Dec 30, 2025 | -70.19% |
| Sep 30, 2025 | 69.28% |
| Jul 1, 2025 | 68.93% |
| Apr 1, 2025 | 68.18% |
| Dec 31, 2024 | -71.24% |
| Oct 1, 2024 | 68.70% |
| Jul 2, 2024 | 69.41% |
| Apr 2, 2024 | 68.35% |
| Jan 2, 2024 | 39.46% |
| Oct 3, 2023 | 35.79% |
| Jul 4, 2023 | 34.70% |
| Apr 4, 2023 | 34.69% |
| Sep 27, 2022 | 33.75% |
| Jun 28, 2022 | 34.72% |
| Mar 29, 2022 | 31.23% |
| Dec 28, 2021 | 32.04% |
| Sep 28, 2021 | 36.65% |
| Jun 29, 2021 | 36.93% |
API Access
Noodles Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NDLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NDLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NDLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();