Noble Romans (NROM) Operating Leases (2019 - 2026)
Noble Romans (NROM) reported Operating Leases of $2.31 million for Q1 2026, down 29.9% from $3.3 million a year earlier and down 9.7% from the prior quarter.
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Analysis
Noble Romans (NROM) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Noble Romans posted Operating Leases of $2.56 million, down 26.9% from FY2024.
- Operating Leases has declined for five consecutive years, with a five-year compound annual growth rate of -15.2% (FY2020 to FY2025).
- By year, Operating Leases came in at $3.51 million in FY2024 (-19.9%), $4.38 million in FY2023 (-14.2%), $5.1 million in FY2022 (-8.4%) and $5.57 million in FY2021 (-5.0%).
- The Q1 2026 figure ranks as the lowest quarterly Operating Leases in data going back to Q1 2019.
- Year over year, Operating Leases has now declined in each of the last 18 quarters, with an average decline of 22.9% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q2 2021 (growth of 18.6%); the low point was Q1 2026 (a decline of 29.9%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $2.56 million (Q4 2025), $2.77 million (Q3 2025) and $2.97 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 173.42 Bn | 168.25 Bn | 6.42 Bn |
| 2 | Starbucks | 112.33 Bn | 99.95 Bn | - |
| 3 | Yum Brands | 41.26 Bn | 38.14 Bn | 1.47 Bn |
| 4 | Chipotle Mexican Grill | 36.22 Bn | 32.20 Bn | - |
| 5 | Restaurant Brands International | 25.95 Bn | 21.51 Bn | 1.38 Bn |
| 6 | Darden Restaurants | 24.45 Bn | 23.55 Bn | 1.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn |
| 8 | Yum China Holdings | 15.42 Bn | 9.08 Bn | 537.00 Mn |
| 9 | Texas Roadhouse | 10.96 Bn | 10.30 Bn | - |
| 10 | Noble Romans | 13.60 Mn | 13.60 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.31 Mn |
| Dec 31, 2025 | 2.56 Mn |
| Sep 30, 2025 | 2.77 Mn |
| Jun 30, 2025 | 2.97 Mn |
| Mar 31, 2025 | 3.30 Mn |
| Dec 31, 2024 | 3.51 Mn |
| Sep 30, 2024 | 3.73 Mn |
| Jun 30, 2024 | 3.95 Mn |
| Mar 31, 2024 | 4.17 Mn |
| Dec 31, 2023 | 4.38 Mn |
| Sep 30, 2023 | 4.57 Mn |
| Jun 30, 2023 | 4.76 Mn |
| Mar 31, 2023 | 4.93 Mn |
| Dec 31, 2022 | 5.10 Mn |
| Sep 30, 2022 | 5.37 Mn |
| Jun 30, 2022 | 5.55 Mn |
| Mar 31, 2022 | 5.73 Mn |
| Dec 31, 2021 | 5.57 Mn |
| Sep 30, 2021 | 5.49 Mn |
| Jun 30, 2021 | 5.62 Mn |
API Access
Noble Romans Operating Leases 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=operating-leases&ticker=NROM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "NROM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=NROM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();