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

Baozun Inc. is the larger business by last-quarter revenue ($84.2M vs $75.1M, roughly 1.1× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -2.0%, a 10.7% gap on every dollar of revenue.

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.

Baozun Inc is a leading digital commerce service provider focused on the Chinese market. It delivers full-stack e-commerce solutions including official store operation, digital marketing, logistics and fulfillment, customer support, and technical infrastructure services for global and local consumer brands across fashion, beauty, FMCG, consumer electronics, and other core retail segments.

BFS vs BZUN — Head-to-Head

Bigger by revenue
BZUN
BZUN
1.1× larger
BZUN
$84.2M
$75.1M
BFS
Higher net margin
BFS
BFS
10.7% more per $
BFS
8.7%
-2.0%
BZUN

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BFS
BFS
BZUN
BZUN
Revenue
$75.1M
$84.2M
Net Profit
$6.5M
$-1.7M
Gross Margin
Operating Margin
65.4%
-1.7%
Net Margin
8.7%
-2.0%
Revenue YoY
10.6%
Net Profit YoY
-19.6%
EPS (diluted)
$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
BFS
BFS
BZUN
BZUN
Q4 25
$75.1M
Q3 25
$72.0M
Q2 25
$70.8M
$84.2M
Q1 25
$71.9M
Q4 24
$67.9M
Q3 24
$67.3M
Q2 24
$66.9M
Q1 24
$66.7M
Net Profit
BFS
BFS
BZUN
BZUN
Q4 25
$6.5M
Q3 25
$10.5M
Q2 25
$10.7M
$-1.7M
Q1 25
$9.8M
Q4 24
$8.1M
Q3 24
$14.5M
Q2 24
$14.4M
Q1 24
$13.6M
Gross Margin
BFS
BFS
BZUN
BZUN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
BZUN
BZUN
Q4 25
65.4%
Q3 25
69.1%
Q2 25
68.7%
-1.7%
Q1 25
66.5%
Q4 24
82.9%
Q3 24
72.8%
Q2 24
75.0%
Q1 24
72.4%
Net Margin
BFS
BFS
BZUN
BZUN
Q4 25
8.7%
Q3 25
14.6%
Q2 25
15.1%
-2.0%
Q1 25
13.6%
Q4 24
11.9%
Q3 24
21.5%
Q2 24
21.6%
Q1 24
20.4%
EPS (diluted)
BFS
BFS
BZUN
BZUN
Q4 25
$0.15
Q3 25
$0.32
Q2 25
$0.33
Q1 25
$0.29
Q4 24
$0.22
Q3 24
$0.48
Q2 24
$0.48
Q1 24
$0.45

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
BZUN
BZUN
Cash + ST InvestmentsLiquidity on hand
$8.7M
$6.9M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$10.7M
Total Assets
$2.2B
$25.9M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
BZUN
BZUN
Q4 25
$8.7M
Q3 25
$11.8M
Q2 25
$5.3M
$6.9M
Q1 25
$6.5M
Q4 24
$10.3M
Q3 24
$7.2M
Q2 24
$6.9M
Q1 24
$7.1M
Total Debt
BFS
BFS
BZUN
BZUN
Q4 25
$468.4M
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$455.8M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
BZUN
BZUN
Q4 25
$307.8M
Q3 25
$316.6M
Q2 25
$322.4M
$10.7M
Q1 25
$328.4M
Q4 24
$335.8M
Q3 24
$341.8M
Q2 24
$345.7M
Q1 24
$347.1M
Total Assets
BFS
BFS
BZUN
BZUN
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
$25.9M
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.0B
Debt / Equity
BFS
BFS
BZUN
BZUN
Q4 25
1.52×
Q3 25
5.02×
Q2 25
4.85×
Q1 25
4.70×
Q4 24
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
BFS
BFS
BZUN
BZUN
Operating Cash FlowLast quarter
$99.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
BZUN
BZUN
Q4 25
$99.8M
Q3 25
$20.6M
Q2 25
$26.6M
Q1 25
$30.4M
Q4 24
$121.2M
Q3 24
$26.5M
Q2 24
$32.1M
Q1 24
$33.8M
Free Cash Flow
BFS
BFS
BZUN
BZUN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
BZUN
BZUN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
BZUN
BZUN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Q1 24
68.3%
Cash Conversion
BFS
BFS
BZUN
BZUN
Q4 25
15.35×
Q3 25
1.97×
Q2 25
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.

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