NROMOTCRetail-Eating PlacesFiscal year ends December 31
NOBLE ROMANS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-K/A on Oct 16, 2026
$0.58+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $13.59M
- P/E (TTM)
- 11.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
14.6%−5.4 pts over 5 years
Net margin
7.1%+53.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.7% | +4.4% | +7.4% | +7.9% | |
| Operating income | +63.1% | +77.8% | +0.8% | -2.0% | |
| Net income | – | – | – | +4.1% | |
| EPS, diluted | – | – | – | 0.0% | |
| Free cash flow | +51.8% | – | – | +10.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -6.0% | -105.6% | 41.5% | |
| Return on assets | -4.5% | -28.7% | 7.2% | |
| Current ratio | 2.14 | 2.60 | 0.40 | |
| Debt to equity | 0.02 | – | 1.02 | |
| Net debt to EBITDA | -0.05× | – | 1.07× | |
| Interest coverage | 137.6× | 1.2× | 1.8× | |
| Capex to revenue | 4.6% | 18.1% | 0.9% | |
| Diluted shares | 21M | 23M | 32M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Noble Romans generated $5.18M from operations and spent $2.20M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$5.18M
Used
$2.20M
Capital expenditure$2.20M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.1%
×Asset turnover1.01×
×Equity multiplier5.78×
=Return on equity, FY202541.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.1% | 1.01× | 5.78× | 41.5% |
| FY2024 | -0.0% | 0.86× | 8.00× | -0.1% |
| FY2023 | 10.2% | 0.78× | 12.69× | 100.7% |
| FY2022 | -9.1% | 0.77× | 10.46× | -72.9% |
| FY2021 | 3.7% | 0.73× | 7.20× | 19.4% |
| FY2020 | -46.7% | 0.61× | 3.68× | -105.6% |
| FY2019 | -3.2% | 0.67× | 2.18× | -4.7% |
| FY2018 | -24.6% | 0.72× | 1.84× | -32.6% |
| FY2017 | -34.4% | 0.51× | 1.57× | -27.4% |
| FY2016 | -11.1% | 0.41× | 1.33× | -6.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.17M
- Cash generatingOperating cash flow above zero$1.24M
- Return on assets improvedROA up on the prior year-0.0% → 7.0%
- Earnings backed by cashOperating cash flow above net income$1.24M vs $1.17M
- Less leverageLong-term debt to assets fell26.1% → 22.1%
- Better liquidityCurrent ratio rose0.90 → 0.40
- No dilutionShare count did not rise24M → 32M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.82 → 0.98