NDLS
Noodles & Company
NDLS has a slight edge over RIVN overall, supported by stronger modeled upside and stronger fundamentals.
RIVN
Rivian Automotive, Inc.
RIVN has lower modeled downside risk, despite its lower overall score.
NDLS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
NDLS's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
NDLS PE Valuation
NDLS has no meaningful PE right now: it lost money over the past year.
RIVN PE Valuation
RIVN has no meaningful PE right now: it lost money over the past year.
NDLS Forward outlook
There aren't enough analyst estimates for NDLS to show an outlook.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RIVN's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
NDLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$3.97 | +$3.55 |
| Q1 2026 | -$6.34 | +$0.54 |
| Q4 2025 | -$7.36 | -$0.96 |
| Q3 2025 | -$7.92 | -$2.16 |
| Q2 2025 | -$7.52 | -$3.12 |
| Q1 2025 | -$6.88 | -$4.64 |
| Q4 2024 | -$6.40 | -$4.72 |
| Q3 2024 | -$5.76 | -$5.28 |
NDLS lost $3.97 per share over the past year, a smaller loss than the year before.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN has the edge over NDLS on earnings, with more consistent year-over-year improvement.
NDLS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $127M | +0.5% |
| Q1 2026 | $123.8M | 0% |
| Q4 2025 | $122.8M | +0.8% |
| Q3 2025 | $122.1M | -0.5% |
| Q2 2025 | $126.4M | -0.7% |
| Q1 2025 | $123.8M | +2% |
| Q4 2024 | $121.8M | -2% |
| Q3 2024 | $122.8M | -4% |
NDLS's revenue grew through 2021 and has held roughly level since: $127M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.2% | +11 points |
| Q1 2026 | -0.7% | +4.5 points |
| Q4 2025 | -3.3% | +2.7 points |
| Q3 2025 | -5.2% | -1.3 points |
| Q2 2025 | -12% | -2.7 points |
| Q1 2025 | -5.2% | -1.8 points |
| Q4 2024 | -6% | -2.4 points |
| Q3 2024 | -3.9% | -5.5 points |
NDLS has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN has the edge over NDLS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
NDLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $1.8M | +$6M |
| Q1 2026 | $3.9M | +253% |
| Q4 2025 | -$3.4M | +$10.4M |
| Q3 2025 | $1.4M | +$2.8M |
| Q2 2025 | -$4.3M | +$205K |
| Q1 2025 | $1.1M | +$2.8M |
| Q4 2024 | -$13.8M | +$1.4M |
| Q3 2024 | -$1.3M | -132% |
NDLS has the edge over RIVN on cash generation, producing positive trailing cash flow while its opponent burns cash.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M the year before.
NDLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +65.9K shares |
| 1 year | +2.7% | +157K shares |
| 3 years | +2.3% | +132K shares |
| 5 years | +2.5% | +147K shares |
| Available history | +5.6% | +315K shares |
NDLS has the edge over RIVN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q4 2023 | — |
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
NDLS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 8.7x | High |
| Q4 2024 | 77.3x | High |
| Q3 2024 | 18.9x | High |
| Q2 2024 | 7.8x | High |
| Q1 2024 | 3.8x | Elevated |
| Q4 2023 | 3.6x | Elevated |
| Q3 2023 | 2.3x | Moderate |
| Q2 2023 | 2.4x | Moderate |
NDLS's net debt is about 8.7 years of its operating earnings (EBITDA), up from 3.8 years a year ago.
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
NDLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.6 | Neutral |
| Stochastic | 38.4 | Neutral |
NDLS's weekly RSI is 52 (neutral) and its Stochastic is 38 (neutral).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
NDLS PE vs Consumer Cyclical Sector
| Metric | NDLS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
NDLS has no meaningful PE right now: it lost money over the past year.
RIVN PE vs Consumer Cyclical Sector
RIVN has no meaningful PE right now: it lost money over the past year.
NDLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.6 | 1% above |
| 20 week MA | $14.4 | 4.6% below |
| 50 week MA | $10.9 | 26% above |
| 100 week MA | $9.01 | 53% above |
| 200 week MA | $15.4 | 11% below |
NDLS has the edge over RIVN on trend strength, trading above more of its moving averages.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
NDLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.4 | $63.3 | +43% |
| 2021 | $63.3 | $75.8 | +20% |
| 2022 | $75.8 | $41.3 | -46% |
| 2023 | $41.3 | $25.2 | -39% |
| 2024 | $25.2 | $4.89 | -81% |
| 2025 | $4.89 | $5.66 | +16% |
| 2026 YTD | $5.66 | $13.8 | +143% |
NDLS has the edge over RIVN on returns for 2026, with the stronger performance.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has finished lower in three of the last five years. It's down 39% so far in 2026.