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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and SAUL CENTERS, INC. (BFS). Click either name above to swap in a different company.

ADMA BIOLOGICS, INC. is the larger business by last-quarter revenue ($139.2M vs $75.1M, roughly 1.9× SAUL CENTERS, INC.). ADMA BIOLOGICS, INC. runs the higher net margin — 35.5% vs 8.7%, a 26.8% gap on every dollar of revenue. On growth, ADMA BIOLOGICS, INC. posted the faster year-over-year revenue change (18.4% vs 10.6%). Over the past eight quarters, ADMA BIOLOGICS, INC.'s revenue compounded faster (30.4% CAGR vs 6.2%).

ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.

Saul Centers, Inc. is a self-administered real estate investment trust (REIT) headquartered in the United States. It primarily owns, operates, and develops high-quality shopping centers, mixed-use properties, and multifamily residential assets, with its core portfolio concentrated in the Washington D.C. metropolitan area and other select high-growth U.S. regional markets.

ADMA vs BFS — Head-to-Head

Bigger by revenue
ADMA
ADMA
1.9× larger
ADMA
$139.2M
$75.1M
BFS
Growing faster (revenue YoY)
ADMA
ADMA
+7.8% gap
ADMA
18.4%
10.6%
BFS
Higher net margin
ADMA
ADMA
26.8% more per $
ADMA
35.5%
8.7%
BFS
Faster 2-yr revenue CAGR
ADMA
ADMA
Annualised
ADMA
30.4%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADMA
ADMA
BFS
BFS
Revenue
$139.2M
$75.1M
Net Profit
$49.4M
$6.5M
Gross Margin
63.8%
Operating Margin
45.1%
65.4%
Net Margin
35.5%
8.7%
Revenue YoY
18.4%
10.6%
Net Profit YoY
-55.9%
-19.6%
EPS (diluted)
$0.20
$0.15

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADMA
ADMA
BFS
BFS
Q4 25
$139.2M
$75.1M
Q3 25
$134.2M
$72.0M
Q2 25
$122.0M
$70.8M
Q1 25
$114.8M
$71.9M
Q4 24
$117.5M
$67.9M
Q3 24
$119.8M
$67.3M
Q2 24
$107.2M
$66.9M
Q1 24
$81.9M
$66.7M
Net Profit
ADMA
ADMA
BFS
BFS
Q4 25
$49.4M
$6.5M
Q3 25
$36.4M
$10.5M
Q2 25
$34.2M
$10.7M
Q1 25
$26.9M
$9.8M
Q4 24
$111.9M
$8.1M
Q3 24
$35.9M
$14.5M
Q2 24
$32.1M
$14.4M
Q1 24
$17.8M
$13.6M
Gross Margin
ADMA
ADMA
BFS
BFS
Q4 25
63.8%
Q3 25
56.3%
Q2 25
55.1%
Q1 25
53.2%
Q4 24
53.9%
Q3 24
49.8%
73.6%
Q2 24
53.6%
74.2%
Q1 24
47.8%
72.8%
Operating Margin
ADMA
ADMA
BFS
BFS
Q4 25
45.1%
65.4%
Q3 25
38.0%
69.1%
Q2 25
35.1%
68.7%
Q1 25
30.4%
66.5%
Q4 24
32.6%
82.9%
Q3 24
33.1%
72.8%
Q2 24
36.6%
75.0%
Q1 24
26.7%
72.4%
Net Margin
ADMA
ADMA
BFS
BFS
Q4 25
35.5%
8.7%
Q3 25
27.1%
14.6%
Q2 25
28.1%
15.1%
Q1 25
23.4%
13.6%
Q4 24
95.2%
11.9%
Q3 24
30.0%
21.5%
Q2 24
29.9%
21.6%
Q1 24
21.7%
20.4%
EPS (diluted)
ADMA
ADMA
BFS
BFS
Q4 25
$0.20
$0.15
Q3 25
$0.15
$0.32
Q2 25
$0.14
$0.33
Q1 25
$0.11
$0.29
Q4 24
$0.45
$0.22
Q3 24
$0.15
$0.48
Q2 24
$0.13
$0.48
Q1 24
$0.08
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADMA
ADMA
BFS
BFS
Cash + ST InvestmentsLiquidity on hand
$87.6M
$8.7M
Total DebtLower is stronger
$72.1M
$468.4M
Stockholders' EquityBook value
$477.3M
$307.8M
Total Assets
$624.2M
$2.2B
Debt / EquityLower = less leverage
0.15×
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADMA
ADMA
BFS
BFS
Q4 25
$87.6M
$8.7M
Q3 25
$61.4M
$11.8M
Q2 25
$90.3M
$5.3M
Q1 25
$71.6M
$6.5M
Q4 24
$103.1M
$10.3M
Q3 24
$86.7M
$7.2M
Q2 24
$88.2M
$6.9M
Q1 24
$45.3M
$7.1M
Total Debt
ADMA
ADMA
BFS
BFS
Q4 25
$72.1M
$468.4M
Q3 25
$72.4M
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$72.3M
$455.8M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
ADMA
ADMA
BFS
BFS
Q4 25
$477.3M
$307.8M
Q3 25
$431.2M
$316.6M
Q2 25
$398.3M
$322.4M
Q1 25
$373.4M
$328.4M
Q4 24
$349.0M
$335.8M
Q3 24
$231.9M
$341.8M
Q2 24
$188.3M
$345.7M
Q1 24
$153.7M
$347.1M
Total Assets
ADMA
ADMA
BFS
BFS
Q4 25
$624.2M
$2.2B
Q3 25
$568.7M
$2.2B
Q2 25
$558.4M
$2.1B
Q1 25
$510.6M
$2.1B
Q4 24
$488.7M
$2.1B
Q3 24
$390.6M
$2.1B
Q2 24
$376.4M
$2.1B
Q1 24
$350.9M
$2.0B
Debt / Equity
ADMA
ADMA
BFS
BFS
Q4 25
0.15×
1.52×
Q3 25
0.17×
5.02×
Q2 25
4.85×
Q1 25
4.70×
Q4 24
0.21×
1.36×
Q3 24
4.37×
Q2 24
4.17×
Q1 24
4.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADMA
ADMA
BFS
BFS
Operating Cash FlowLast quarter
$35.6M
$99.8M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
24.8%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.72×
15.35×
TTM Free Cash FlowTrailing 4 quarters
$27.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADMA
ADMA
BFS
BFS
Q4 25
$35.6M
$99.8M
Q3 25
$13.3M
$20.6M
Q2 25
$21.1M
$26.6M
Q1 25
$-19.7M
$30.4M
Q4 24
$50.2M
$121.2M
Q3 24
$25.0M
$26.5M
Q2 24
$45.6M
$32.1M
Q1 24
$-2.2M
$33.8M
Free Cash Flow
ADMA
ADMA
BFS
BFS
Q4 25
$34.6M
Q3 25
$-1.1M
Q2 25
$18.7M
Q1 25
$-24.4M
Q4 24
$47.5M
Q3 24
$24.0M
$-28.3M
Q2 24
$43.6M
$-12.5M
Q1 24
$-4.6M
$-11.7M
FCF Margin
ADMA
ADMA
BFS
BFS
Q4 25
24.8%
Q3 25
-0.8%
Q2 25
15.3%
Q1 25
-21.2%
Q4 24
40.4%
Q3 24
20.0%
-42.1%
Q2 24
40.7%
-18.7%
Q1 24
-5.6%
-17.6%
Capex Intensity
ADMA
ADMA
BFS
BFS
Q4 25
0.8%
Q3 25
10.7%
Q2 25
2.0%
Q1 25
4.1%
Q4 24
2.3%
Q3 24
0.9%
81.5%
Q2 24
1.9%
66.7%
Q1 24
2.9%
68.3%
Cash Conversion
ADMA
ADMA
BFS
BFS
Q4 25
0.72×
15.35×
Q3 25
0.36×
1.97×
Q2 25
0.62×
2.48×
Q1 25
-0.73×
3.10×
Q4 24
0.45×
14.98×
Q3 24
0.70×
1.83×
Q2 24
1.42×
2.22×
Q1 24
-0.12×
2.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADMA
ADMA

ADMA Bio Manufacturing Segment$123.1M88%
Other$16.0M12%

BFS
BFS

Segment breakdown not available.

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