Noble Roman's (NROM) Stock Price

Noble Roman's Price

OTC·CLOSED
0.65USD-0.03 (-4.51 %)
Market closed

Revenue has compounded at 2.9% per year over the past 19 years to 16.46 M USD. Noble Roman's's net margin stands at 7.1%, up from 3.7% several years earlier. The stock trades about 364% above its 52-week low.

Noble Roman's stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Noble Roman's over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Noble Roman's stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Noble Roman's's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Noble Roman's Stock Price History
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8/12/20260.65 USD
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Access this data via the Eulerpool API

Noble Roman's Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
12.45 M USD
2.66 M USD
-3.06 M USD
Jan 1, 2019
11.70 M USD
2.61 M USD
-378,065.00 USD
Jan 1, 2020
11.54 M USD
2.31 M USD
-5.38 M USD
Jan 1, 2021
13.88 M USD
1.74 M USD
509,465.00 USD
Jan 1, 2022
14.45 M USD
427,716.00 USD
-1.31 M USD
Jan 1, 2023
14.37 M USD
3.44 M USD
1.46 M USD
Jan 1, 2024
15.15 M USD
1.48 M USD
-3,174.00 USD
Jan 1, 2025
16.46 M USD
2.88 M USD
1.17 M USD

Noble Roman's Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 15, 2026, 4:53 PM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
2010201120122013201420152016201720182019202020212022202320242025
7.007.007.007.007.007.007.009.0012.0011.0011.0013.0014.0014.0015.0016.00
28.5733.33-8.3318.187.697.146.67
57.1457.1457.1457.1457.1485.7185.7166.6750.0036.3645.4538.4621.4335.7133.3337.50
4.004.004.004.004.006.006.006.006.004.005.005.003.005.005.006.00
2.002.002.002.003.002.003.002.002.002.002.001.003.001.002.00
28.5728.5728.5728.5742.8628.5742.8622.2216.6718.1818.187.6921.436.6712.50
1.00-3.00-3.00-5.00-1.001.001.00
-200.00
6.016.016.016.016.016.016.016.016.016.016.016.016.016.016.016.01
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Noble Roman's generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Noble Roman's retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Noble Roman's's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Noble Roman's has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Noble Roman's's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Noble Roman's stock margins

The Noble Roman's margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Noble Roman's. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Noble Roman's.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
51.39 %
21.34 %
-24.60 %
Jan 1, 2019
40.46 %
22.33 %
-3.23 %
Jan 1, 2020
50.69 %
20.06 %
-46.65 %
Jan 1, 2021
41.15 %
12.56 %
3.67 %
Jan 1, 2022
21.08 %
2.96 %
-9.09 %
Jan 1, 2023
38.52 %
23.93 %
10.16 %
Jan 1, 2024
39.12 %
9.74 %
-0.02 %
Jan 1, 2025
41.43 %
17.47 %
7.13 %

Noble Roman's Stock Revenue, EBIT, Earnings per Share

The Noble Roman's earnings per share therefore indicates how much revenue Noble Roman's has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD

Noble Roman's business model & stock analysis

Noble Roman's Inc is an American company specializing in the manufacture of restaurant equipment, packaging, and food ingredients. The company was founded in 1972 in Indianapolis, Indiana, and is now listed on the NASDAQ stock exchange ("NROM"). Business Model Noble Roman's Inc's business model is based on integrating various business areas tailored to the needs of companies in the food industry. Currently, the company represents four different sectors: food service, packaging, food production, and technology. Within each of these areas, the company offers various products and services to serve customers. The company markets its products and services under various brand names, such as "Noble Roman's" for pizza components and "Piccadilly Circus Pizza" for its own pizza franchise chain. Noble Roman's works closely with its customers and provides flexible solutions to meet their needs. Its customers include large restaurant chains, shopping malls, and retailers. History Noble Roman's was founded in 1972 by Paul Mobley and James Fox in Indianapolis. The company began as a small restaurant specializing in pizza. Over the years, the company expanded and opened new locations in various states. In 1987, the company went public and gained public attention. In the 1990s, the company focused on manufacturing pizza components that were sold to restaurants and retailers. At the same time, the company also developed packaging solutions for the food industry. In 2009, Noble Roman's signed an agreement with a company in the United Arab Emirates to distribute its pizza components in the region. This marked the beginning of the company's internationalization. In recent years, the company has further diversified its business and now offers various products and services to meet the needs of customers in the food industry. Segments and Products 1. Food Service In the food service sector, Noble Roman's offers various products and services, including: - Ready-made pizza sauce, dough, and cheese sold to restaurants and retailers. - Franchise opportunities that allow individuals to open their own pizza franchise. Noble Roman's provides support in site selection, establishment and opening of the pizzeria, and staff training. - Online ordering and delivery platforms that enable restaurants to have an online presence and sell their products and services online. 2. Packaging Noble Roman's offers packaging items for the food industry, including: - Various types of packaging such as paper bags, pizza boxes, bags, trays, and containers. - Printed packaging that supports a company's brand identity. - Customized packaging design tailored to a customer's requirements. 3. Food Production In the food production sector, Noble Roman's focuses on the manufacturing of pizza components and other products, including: - Various types of pizza components such as pizza dough, sauce, and cheese. - Products like sausages, meat, and spices. - Customized solutions specifically tailored to a customer's needs. 4. Technology Noble Roman's offers innovative technology products and services aimed at improving operational efficiency in the food service industry. Some of these products and services include: - Point of Sale (POS) system solutions such as software applications that allow restaurants to process their transactions more effectively. - Kiosk and self-service solutions that enable customers to order and pay without interacting with an employee. - Customer loyalty tools that help restaurants track and better understand their customers' preferences. Conclusion Noble Roman's Inc has established a reputation in the food industry for its high-quality products and services. The company has successfully diversified its business to cater to a wider customer base. By integrating technology and other innovative solutions, Noble Roman's has expanded its offerings and strengthened its market position. Today, Noble Roman's is a versatile company aiming to support customers in the food industry through a wide range of products and services.

Noble Roman's SWOT Analysis

Strengths

Noble Roman's Inc possesses several strengths that contribute to its success in the market. The company has a strong brand reputation and recognition, built over years of providing quality products and exceptional customer service. Its wide range of menu offerings, including specialty pizzas, subs, and pasta, caters to diverse customer preferences, giving it a competitive edge. Noble Roman's also benefits from an extensive network of franchisees, enabling widespread market presence and revenue generation.

Weaknesses

Despite its strengths, Noble Roman's Inc faces certain weaknesses that hinder its growth potential. The company heavily relies on franchisees for expansion, which limits its control over the overall quality and consistency of products across locations. This can lead to variations in customer experiences, potentially affecting the brand image negatively. Additionally, Noble Roman's faces the challenge of operating in a highly competitive market, with numerous pizza chains vying for customers' attention and loyalty.

Opportunities

Noble Roman's Inc can capitalize on various opportunities in the market to drive growth and profitability. The increasing trend of online food delivery presents an opportunity for the company to enhance its digital presence, streamline ordering processes, and expand its customer base. Moreover, the growing consumer demand for healthier food options opens doors for Noble Roman's to innovate its menu and incorporate more nutritious alternatives. Exploring international markets and strategic partnerships with established foodservice providers could also unlock new avenues for expansion.

Threats

Several threats pose challenges to Noble Roman's Inc, requiring proactive measures for risk mitigation. Intensifying competition from both small local pizzerias and large national chains puts pressure on the company's market share and profitability. Fluctuating commodity prices, such as cheese and wheat, can impact production costs and squeeze profit margins. Additionally, changes in consumer preferences and lifestyle trends may require continuous adaptation of Noble Roman's menu and overall business strategy to remain relevant and appealing to customers.

Noble Roman's Employees

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Noble Roman's Employees
Details
Date
Noble Roman's Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Noble Roman's Segments

Noble Roman's Revenue by Segment

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Company-Owned Restaurants
Franchising
Company-Owned Non-Traditional
Administrative Fees and Other
Details
Date
Company-Owned Restaurants
Franchising
Company-Owned Non-Traditional
Administrative Fees and Other
Jan 1, 2019
4.83 M USD
6.16 M USD
673,647.00 USD
38,202.00 USD
Jan 1, 2020
6.21 M USD
4.84 M USD
470,846.00 USD
14,310.00 USD

Noble Roman's Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Noble Roman's historical P/E ratio, EBIT multiple, and P/S ratio

Noble Roman's annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Noble Roman's shares outstanding

The number of shares of Noble Roman's was 22.22 M in 2025. This indicates how many shares Noble Roman's is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
22.22 M Stocks
Jan 1, 2019
22.22 M Stocks
Jan 1, 2020
22.22 M Stocks
Jan 1, 2021
22.22 M Stocks
Jan 1, 2022
22.22 M Stocks
Jan 1, 2023
22.22 M Stocks
Jan 1, 2024
22.22 M Stocks
Jan 1, 2025
22.22 M Stocks
Price targets and forecasts for Noble Roman's are not yet available.

Noble Roman's shareholder structure

% Name
8.75981%
Mobley (Paul W)
Mobley (Paul W)
5.67691%
BT Brands inc
BT Brands inc
4.46945%
Mobley (Alan Scott)
Mobley (Alan Scott)
0.79238%
Copperud (Gary W)
Copperud (Gary W)
0.24757%
Wildman (William L.)
Wildman (William L.)
0.13504%
Branson (Troy K)
Branson (Troy K)

Noble Roman's Beneficial Ownership Filings (SEC 13D/G)

Free Float
74.3%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
10.70%
Robert P. Stiller
Robert P. Stiller
SEC ↗
9.00%
Hamilton Medaris Corp.
Hamilton Medaris Corp.
SEC ↗
6.92%
RED ALDER GP, LLC
RED ALDER GP, LLC
SEC ↗
5.00%
Ryan Levenson
Ryan Levenson
SEC ↗
5.00%
Privet Fund Management LLC
Privet Fund Management LLC
SEC ↗
4.99%
SCHUSTER TANGER
SCHUSTER TANGER
SEC ↗
4.99%
RED ALDER MASTER FUND L.P.
RED ALDER MASTER FUND L.P.
SEC ↗
4.99%
RADIX PARTNERS LLC (F/K/A RED ALDER GP, LLC)
RADIX PARTNERS LLC (F/K/A RED ALDER GP, LLC)
SEC ↗
4.99%
JOSHUA PACKWOOD
JOSHUA PACKWOOD
SEC ↗
4.38%
BT Brands, Inc.
BT Brands, Inc.
SEC ↗

Noble Roman's Executives and Management Board

6 members · avg. age 71 · 0 % women

AM

Mr. Alan Mobley (61)

President, Chief Executive Officer, Secretary, Director · since 1988

493,910.00 USD

Management

PM

Mr. Paul Mobley (84)

Executive Chairman of the Board, Chief Financial Officer · since 1974

343,417.00 USD
TB

Mr. Troy Branson (61)

Executive Vice President - Franchising

243,868.00 USD
MC

Mr. Mike Cole

Investor Relations

Board of Directors

DC

Mr. Douglas Coape-Arnold (79)

Independent Director

19,500.00 USD
JR

Mr. Jeffrey Roberts

Director

Noble Roman's Supply Chain

Frequently asked questions about Noble Roman's

The business model of Noble Roman's Inc is focused on the franchising and licensing of its pizza and Italian restaurant concepts. The company operates two primary business segments: royalty and fee income from the franchising of Noble Roman's Pizza locations, and the sale of pizza and other food products to non-traditional locations. With a focus on the take-n-bake pizza concept, the company strives to provide high-quality and convenient food options to customers. Noble Roman's Inc aims to expand its brand presence by partnering with experienced franchisees and offering a comprehensive support system.

Noble Roman's Inc is primarily active in the food industry.

The main competitors of Noble Roman's Inc in the market include popular pizza chains such as Domino's, Pizza Hut, Papa John's, and Little Caesars. These well-established companies have a strong presence in the pizza industry and compete for market share with Noble Roman's Inc. However, Noble Roman's Inc also differentiates itself by offering a unique concept of take-n-bake pizzas and expanding its brand through licensing agreements with non-traditional locations.

Noble Roman's Inc, a renowned foodservice corporation, has a notable history and a strong background. Established in 1972, the company initially focused on distributing pizza ingredients to convenience stores and other retailers. Over the years, Noble Roman's expanded its operations and developed a unique take-and-bake pizza concept, introducing the first retail Noble Roman's Pizza location in 1997. Today, the company has evolved into a leading franchisor of various foodservice concepts, including pizza, pasta, sandwiches, and more. With its commitment to quality ingredients, exceptional customer service, and versatile menu options, Noble Roman's Inc continues to thrive as a reliable and beloved brand in the food industry.

Noble Roman's Inc has achieved several significant milestones since its establishment. The company successfully expanded its business by franchising its well-known pizza concept, which now includes over 1,100 locations across the United States. Furthermore, Noble Roman's Inc introduced its take-n-bake pizza concept, which gained popularity among customers seeking convenient and quality meals. The company's growth was further supported by the launch of its signature line of pre-packaged, grab-n-go pizzas, providing consumers with a quick and enjoyable dining experience. With these milestones, Noble Roman's Inc has established itself as a prominent player in the pizza industry, continually delivering delicious products to its loyal customer base.

Noble Roman's Inc is primarily present in the United States, with a focus on its home state of Indiana. As a recognized leader in the foodservice industry, the company operates numerous franchise and non-traditional locations throughout the country. From bustling cities to suburban neighborhoods, Noble Roman's Inc has successfully expanded its presence across various regions, offering its renowned pizza and other food products. With a robust and dynamic franchise system, the company continues to grow and satisfy customer cravings in local communities across the United States.

Noble Roman's Inc represents values of integrity, quality, and innovation in the foodservice industry. With a strong corporate philosophy focused on customer satisfaction, the company strives to provide delicious and convenient food options to its customers. Noble Roman's Inc emphasizes maintaining high standards in all aspects of their operations, including sourcing high-quality ingredients, ensuring cleanliness and food safety, and delivering exceptional service. By continually evolving and introducing new menu items, the company remains at the forefront of the industry, meeting the changing needs and preferences of its customers. With its commitment to excellence, Noble Roman's Inc is dedicated to creating a delightful dining experience for all.

7 analysts currently rate the Noble Roman's stock: 6 recommend buying, 1 holding and 0 selling.

Converted at the current exchange rate, the Noble Roman's share trades at 0.56 EUR (0.65 USD).

Noble Roman's Inc. is a US-based company that operates in the pizza and burger fast food restaurant sector. They own and operate their own restaurants as well as franchise units, and also offer their products online. Their core business is offering pizza, burgers, sandwiches, salads, and other high-quality food items. They have a wide range of products, including classic pizza, frozen pizzas, and sandwiches that are available nationwide in supermarkets. They also have an innovative concept called "Take-N-Bake" that allows customers to bake their own pizzas at home, saving them time. They also rent kiosks in shopping malls and other high-traffic areas, offering customers the ability to quickly and easily purchase pizzas, burgers, and other foods. They are actively seeking franchisees to expand their business through the same concept. They also have an online sales platform that allows customers to order their products from home, with special offers and discounts available. Noble Roman's also operates under a franchising model and is actively seeking business partners to expand their presence in the US. They provide support with finding and setting up locations, as well as training and marketing support. In 2020, they made non-food investments and launched noblerealty.com, a real estate website offering furnished apartments and other properties near specific restaurant locations. This provides an additional source of income for Noble Roman's. In summary, Noble Roman's Inc. offers a wide range of products and services and is dedicated to expanding its presence in the US through franchising and kiosk rentals. The company also has a strong online presence, offering customers a convenient way to order their products.

The revenue cannot currently be calculated for Noble Roman's.

The profit cannot currently be calculated for Noble Roman's.

The P/E ratio cannot be calculated for Noble Roman's at the moment.

The P/S cannot be calculated for Noble Roman's currently.

The Eulerpool Quality Score for Noble Roman's is 3/10.

The ISIN of Noble Roman's is US6551071003. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Noble Roman's is A0CA31. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Noble Roman's is NROM. The ticker symbol is used to trade Noble Roman's shares on the stock exchange.

Noble Roman's paid dividends every year for the past 0 years.

Noble Roman's is assigned to the 'Cyclical consumption' sector.

The dividends of Noble Roman's are distributed in USD.

All fundamentals and in-depth analysis of Noble Roman's

Our stock analysis for Noble Roman's stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Noble Roman's. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.