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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and SAUL CENTERS, INC. (BFS). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $75.1M, roughly 1.9× SAUL CENTERS, INC.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 8.7%, a 1.0% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -0.8%). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 6.2%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
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.
BB vs BFS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $75.1M |
| Net Profit | $13.7M | $6.5M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | 65.4% |
| Net Margin | 9.7% | 8.7% |
| Revenue YoY | -0.8% | 10.6% |
| Net Profit YoY | 224.5% | -19.6% |
| EPS (diluted) | $0.02 | $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.
| Q4 25 | $141.8M | $75.1M | ||
| Q3 25 | $129.6M | $72.0M | ||
| Q2 25 | $121.7M | $70.8M | ||
| Q1 25 | $141.7M | $71.9M | ||
| Q4 24 | $143.6M | $67.9M | ||
| Q3 24 | $126.2M | $67.3M | ||
| Q2 24 | $123.4M | $66.9M | ||
| Q1 24 | $102.1M | $66.7M |
| Q4 25 | $13.7M | $6.5M | ||
| Q3 25 | $13.3M | $10.5M | ||
| Q2 25 | $1.9M | $10.7M | ||
| Q1 25 | $-7.4M | $9.8M | ||
| Q4 24 | $-10.5M | $8.1M | ||
| Q3 24 | $-19.7M | $14.5M | ||
| Q2 24 | $-41.4M | $14.4M | ||
| Q1 24 | $-56.2M | $13.6M |
| Q4 25 | 77.5% | — | ||
| Q3 25 | 74.5% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 73.5% | — | ||
| Q4 24 | 78.1% | — | ||
| Q3 24 | 70.2% | 73.6% | ||
| Q2 24 | 72.9% | 74.2% | ||
| Q1 24 | — | 72.8% |
| Q4 25 | 8.4% | 65.4% | ||
| Q3 25 | 8.9% | 69.1% | ||
| Q2 25 | 1.6% | 68.7% | ||
| Q1 25 | -5.6% | 66.5% | ||
| Q4 24 | 13.6% | 82.9% | ||
| Q3 24 | 1.7% | 72.8% | ||
| Q2 24 | -10.5% | 75.0% | ||
| Q1 24 | 50.0% | 72.4% |
| Q4 25 | 9.7% | 8.7% | ||
| Q3 25 | 10.3% | 14.6% | ||
| Q2 25 | 1.6% | 15.1% | ||
| Q1 25 | -5.2% | 13.6% | ||
| Q4 24 | -7.3% | 11.9% | ||
| Q3 24 | -15.6% | 21.5% | ||
| Q2 24 | -33.5% | 21.6% | ||
| Q1 24 | -55.0% | 20.4% |
| Q4 25 | $0.02 | $0.15 | ||
| Q3 25 | $0.02 | $0.32 | ||
| Q2 25 | $0.00 | $0.33 | ||
| Q1 25 | $-0.01 | $0.29 | ||
| Q4 24 | $-0.02 | $0.22 | ||
| Q3 24 | $-0.03 | $0.48 | ||
| Q2 24 | $-0.07 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $304.2M | $8.7M |
| Total DebtLower is stronger | $196.2M | $468.4M |
| Stockholders' EquityBook value | $741.1M | $307.8M |
| Total Assets | $1.2B | $2.2B |
| Debt / EquityLower = less leverage | 0.26× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $8.7M | ||
| Q3 25 | $290.5M | $11.8M | ||
| Q2 25 | $306.6M | $5.3M | ||
| Q1 25 | $337.8M | $6.5M | ||
| Q4 24 | $220.0M | $10.3M | ||
| Q3 24 | $211.0M | $7.2M | ||
| Q2 24 | $229.0M | $6.9M | ||
| Q1 24 | $237.1M | $7.1M |
| Q4 25 | $196.2M | $468.4M | ||
| Q3 25 | $195.9M | $1.6B | ||
| Q2 25 | $195.6M | $1.6B | ||
| Q1 25 | $195.3M | $1.5B | ||
| Q4 24 | — | $455.8M | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $194.1M | $1.4B |
| Q4 25 | $741.1M | $307.8M | ||
| Q3 25 | $725.1M | $316.6M | ||
| Q2 25 | $725.1M | $322.4M | ||
| Q1 25 | $719.9M | $328.4M | ||
| Q4 24 | $725.2M | $335.8M | ||
| Q3 24 | $732.1M | $341.8M | ||
| Q2 24 | $742.6M | $345.7M | ||
| Q1 24 | $775.1M | $347.1M |
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.1B | ||
| Q1 24 | $1.4B | $2.0B |
| Q4 25 | 0.26× | 1.52× | ||
| Q3 25 | 0.27× | 5.02× | ||
| Q2 25 | 0.27× | 4.85× | ||
| Q1 25 | 0.27× | 4.70× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 4.37× | ||
| Q2 24 | — | 4.17× | ||
| Q1 24 | 0.25× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $18.3M | $99.8M |
| Free Cash FlowOCF − Capex | $17.4M | — |
| FCF MarginFCF / Revenue | 12.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 1.34× | 15.35× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $99.8M | ||
| Q3 25 | $3.9M | $20.6M | ||
| Q2 25 | $-18.0M | $26.6M | ||
| Q1 25 | $41.6M | $30.4M | ||
| Q4 24 | $6.0M | $121.2M | ||
| Q3 24 | $-16.0M | $26.5M | ||
| Q2 24 | $-15.1M | $32.1M | ||
| Q1 24 | $-15.5M | $33.8M |
| Q4 25 | $17.4M | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $-18.9M | — | ||
| Q1 25 | $41.2M | — | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $-16.5M | $-28.3M | ||
| Q2 24 | $-16.5M | $-12.5M | ||
| Q1 24 | $-17.6M | $-11.7M |
| Q4 25 | 12.3% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | -15.5% | — | ||
| Q1 25 | 29.1% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | -13.1% | -42.1% | ||
| Q2 24 | -13.4% | -18.7% | ||
| Q1 24 | -17.2% | -17.6% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | 81.5% | ||
| Q2 24 | 1.1% | 66.7% | ||
| Q1 24 | 2.1% | 68.3% |
| Q4 25 | 1.34× | 15.35× | ||
| Q3 25 | 0.29× | 1.97× | ||
| Q2 25 | -9.47× | 2.48× | ||
| Q1 25 | — | 3.10× | ||
| Q4 24 | — | 14.98× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.22× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
BFS
Segment breakdown not available.
