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Side-by-side financial comparison of FLANIGANS ENTERPRISES INC (BDL) and CENTERSPACE (CSR). Click either name above to swap in a different company.

CENTERSPACE is the larger business by last-quarter revenue ($66.6M vs $52.6M, roughly 1.3× FLANIGANS ENTERPRISES INC). FLANIGANS ENTERPRISES INC runs the higher net margin — 1.5% vs -27.7%, a 29.2% gap on every dollar of revenue. On growth, FLANIGANS ENTERPRISES INC posted the faster year-over-year revenue change (4.6% vs 0.3%). CENTERSPACE produced more free cash flow last quarter ($64.3M vs $4.5M). Over the past eight quarters, FLANIGANS ENTERPRISES INC's revenue compounded faster (4.6% CAGR vs 1.6%).

Flanigans Enterprises Inc. is a U.S.-based hospitality company focused on the Florida market. It operates a chain of casual dining restaurants under the Flanigan's Seafood Bar and Grill brand, plus retail package liquor stores. Its key customer segments include local residents and regional tourists, offering affordably priced seafood, American comfort food and assorted beverages.

Centerspace is a real estate investment company specializing in the ownership, operation, and development of high-quality multifamily residential properties. Its core operating markets cover the U.S. Midwest and Mountain West regions, serving diverse renter segments with both affordable and premium housing options, while focusing on tenant experience and long-term asset value growth.

BDL vs CSR — Head-to-Head

Bigger by revenue
CSR
CSR
1.3× larger
CSR
$66.6M
$52.6M
BDL
Growing faster (revenue YoY)
BDL
BDL
+4.3% gap
BDL
4.6%
0.3%
CSR
Higher net margin
BDL
BDL
29.2% more per $
BDL
1.5%
-27.7%
CSR
More free cash flow
CSR
CSR
$59.8M more FCF
CSR
$64.3M
$4.5M
BDL
Faster 2-yr revenue CAGR
BDL
BDL
Annualised
BDL
4.6%
1.6%
CSR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDL
BDL
CSR
CSR
Revenue
$52.6M
$66.6M
Net Profit
$805.0K
$-18.4M
Gross Margin
96.5%
Operating Margin
3.2%
-15.9%
Net Margin
1.5%
-27.7%
Revenue YoY
4.6%
0.3%
Net Profit YoY
1363.6%
-262.9%
EPS (diluted)
$0.43
$-1.08

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
BDL
BDL
CSR
CSR
Q4 25
$52.6M
$66.6M
Q3 25
$50.0M
$71.4M
Q2 25
$51.9M
$68.5M
Q1 25
$53.4M
$67.1M
Q4 24
$50.0M
$66.4M
Q3 24
$45.4M
$65.0M
Q2 24
$48.8M
$65.0M
Q1 24
$48.1M
$64.5M
Net Profit
BDL
BDL
CSR
CSR
Q4 25
$805.0K
$-18.4M
Q3 25
$896.0K
$53.8M
Q2 25
$1.4M
$-14.5M
Q1 25
$2.7M
$-3.7M
Q4 24
$55.0K
$-5.1M
Q3 24
$184.0K
$-1.0M
Q2 24
$1.1M
$-1.3M
Q1 24
$1.9M
$-3.9M
Gross Margin
BDL
BDL
CSR
CSR
Q4 25
96.5%
Q3 25
96.5%
Q2 25
96.5%
Q1 25
96.4%
Q4 24
96.5%
Q3 24
96.6%
Q2 24
96.6%
Q1 24
96.4%
Operating Margin
BDL
BDL
CSR
CSR
Q4 25
3.2%
-15.9%
Q3 25
3.3%
Q2 25
5.5%
-9.9%
Q1 25
6.6%
7.1%
Q4 24
1.5%
4.3%
Q3 24
0.7%
9.8%
Q2 24
4.4%
11.1%
Q1 24
5.6%
6.3%
Net Margin
BDL
BDL
CSR
CSR
Q4 25
1.5%
-27.7%
Q3 25
1.8%
75.3%
Q2 25
2.7%
-21.2%
Q1 25
5.0%
-5.6%
Q4 24
0.1%
-7.6%
Q3 24
0.4%
-1.6%
Q2 24
2.3%
-2.0%
Q1 24
4.0%
-6.1%
EPS (diluted)
BDL
BDL
CSR
CSR
Q4 25
$0.43
$-1.08
Q3 25
$0.48
$3.19
Q2 25
$0.75
$-0.87
Q1 25
$1.45
$-0.22
Q4 24
$0.03
$-0.31
Q3 24
$0.11
$-0.40
Q2 24
$0.60
$-0.19
Q1 24
$1.04
$-0.37

Balance Sheet & Financial Strength

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

Metric
BDL
BDL
CSR
CSR
Cash + ST InvestmentsLiquidity on hand
$12.8M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$66.0M
$719.2M
Total Assets
$142.1M
$1.9B
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDL
BDL
CSR
CSR
Q4 25
$12.8M
Q3 25
$12.9M
Q2 25
$732.0K
$12.4M
Q1 25
$244.0K
$11.9M
Q4 24
$12.0M
Q3 24
$14.5M
Q2 24
$14.3M
Q1 24
$12.7M
Total Debt
BDL
BDL
CSR
CSR
Q4 25
$1.0B
Q3 25
$20.9M
$1.1B
Q2 25
$1.1B
Q1 25
$955.5M
Q4 24
$955.4M
Q3 24
$22.2M
$921.3M
Q2 24
$931.7M
Q1 24
$929.1M
Stockholders' Equity
BDL
BDL
CSR
CSR
Q4 25
$66.0M
$719.2M
Q3 25
$65.2M
$748.6M
Q2 25
$64.3M
$710.1M
Q1 25
$64.0M
$636.8M
Q4 24
$61.6M
$752.0M
Q3 24
$61.2M
$672.5M
Q2 24
$61.3M
$680.7M
Q1 24
$61.1M
$688.1M
Total Assets
BDL
BDL
CSR
CSR
Q4 25
$142.1M
$1.9B
Q3 25
$140.6M
$2.1B
Q2 25
$140.7M
$2.0B
Q1 25
$143.3M
$1.9B
Q4 24
$146.9M
$1.9B
Q3 24
$142.1M
$1.9B
Q2 24
$143.1M
$1.9B
Q1 24
$144.4M
$1.9B
Debt / Equity
BDL
BDL
CSR
CSR
Q4 25
1.42×
Q3 25
0.32×
1.53×
Q2 25
1.57×
Q1 25
1.50×
Q4 24
1.27×
Q3 24
0.36×
1.37×
Q2 24
1.37×
Q1 24
1.35×

Cash Flow & Capital Efficiency

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

Metric
BDL
BDL
CSR
CSR
Operating Cash FlowLast quarter
$4.9M
$98.5M
Free Cash FlowOCF − Capex
$4.5M
$64.3M
FCF MarginFCF / Revenue
8.5%
96.5%
Capex IntensityCapex / Revenue
0.9%
51.3%
Cash ConversionOCF / Net Profit
6.14×
TTM Free Cash FlowTrailing 4 quarters
$2.2M
$125.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDL
BDL
CSR
CSR
Q4 25
$4.9M
$98.5M
Q3 25
$3.4M
$35.1M
Q2 25
$1.4M
$25.3M
Q1 25
$-2.0M
$25.4M
Q4 24
$7.7M
$98.2M
Q3 24
$32.3M
Q2 24
$3.1M
$22.9M
Q1 24
$24.4M
Free Cash Flow
BDL
BDL
CSR
CSR
Q4 25
$4.5M
$64.3M
Q3 25
$2.4M
$25.7M
Q2 25
$-1.8M
$15.5M
Q1 25
$-3.0M
$20.4M
Q4 24
$7.0M
$41.6M
Q3 24
$20.5M
Q2 24
$2.2M
$9.1M
Q1 24
$2.6M
FCF Margin
BDL
BDL
CSR
CSR
Q4 25
8.5%
96.5%
Q3 25
4.9%
36.0%
Q2 25
-3.4%
22.7%
Q1 25
-5.5%
30.4%
Q4 24
13.9%
62.6%
Q3 24
31.5%
Q2 24
4.5%
14.0%
Q1 24
4.0%
Capex Intensity
BDL
BDL
CSR
CSR
Q4 25
0.9%
51.3%
Q3 25
1.9%
13.1%
Q2 25
6.1%
14.2%
Q1 25
1.8%
7.5%
Q4 24
1.5%
85.3%
Q3 24
18.2%
Q2 24
1.8%
21.2%
Q1 24
33.8%
Cash Conversion
BDL
BDL
CSR
CSR
Q4 25
6.14×
Q3 25
3.75×
0.65×
Q2 25
1.02×
Q1 25
-0.73×
Q4 24
140.02×
Q3 24
Q2 24
2.75×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDL
BDL

Restaurant Food Sales$30.9M59%
Package Store Sales$13.3M25%
Restaurant Bar Sales$7.9M15%

CSR
CSR

Multi Family Residential$57.3M86%
Other$8.1M12%
Other Property Revenue$1.2M2%

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