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

CareDx, Inc. is the larger business by last-quarter revenue ($117.7M vs $75.1M, roughly 1.6× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 2.4%, a 6.3% gap on every dollar of revenue. On growth, CareDx, Inc. posted the faster year-over-year revenue change (39.0% vs 10.6%). Over the past eight quarters, CareDx, Inc.'s revenue compounded faster (12.9% CAGR vs 6.2%).

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.

CareDx, Inc. is a leading precision medicine company dedicated to organ transplant patient care. It develops and commercializes diagnostic tests for rejection surveillance, digital health management tools, and supportive clinical services, catering to transplant clinicians, patients, and healthcare systems across North America and European core markets.

BFS vs CDNA — Head-to-Head

Bigger by revenue
CDNA
CDNA
1.6× larger
CDNA
$117.7M
$75.1M
BFS
Growing faster (revenue YoY)
CDNA
CDNA
+28.3% gap
CDNA
39.0%
10.6%
BFS
Higher net margin
BFS
BFS
6.3% more per $
BFS
8.7%
2.4%
CDNA
Faster 2-yr revenue CAGR
CDNA
CDNA
Annualised
CDNA
12.9%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFS
BFS
CDNA
CDNA
Revenue
$75.1M
$117.7M
Net Profit
$6.5M
$2.8M
Gross Margin
Operating Margin
65.4%
1.0%
Net Margin
8.7%
2.4%
Revenue YoY
10.6%
39.0%
Net Profit YoY
-19.6%
EPS (diluted)
$0.15
$0.05

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
CDNA
CDNA
Q1 26
$117.7M
Q4 25
$75.1M
$108.4M
Q3 25
$72.0M
$100.1M
Q2 25
$70.8M
$86.7M
Q1 25
$71.9M
$84.7M
Q4 24
$67.9M
$86.6M
Q3 24
$67.3M
$82.9M
Q2 24
$66.9M
$92.3M
Net Profit
BFS
BFS
CDNA
CDNA
Q1 26
$2.8M
Q4 25
$6.5M
$-4.1M
Q3 25
$10.5M
$1.7M
Q2 25
$10.7M
$-8.6M
Q1 25
$9.8M
$-10.4M
Q4 24
$8.1M
$87.7M
Q3 24
$14.5M
$-10.6M
Q2 24
$14.4M
$-4.6M
Gross Margin
BFS
BFS
CDNA
CDNA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
Operating Margin
BFS
BFS
CDNA
CDNA
Q1 26
1.0%
Q4 25
65.4%
-5.6%
Q3 25
69.1%
-0.2%
Q2 25
68.7%
-12.8%
Q1 25
66.5%
-15.8%
Q4 24
82.9%
97.5%
Q3 24
72.8%
-16.6%
Q2 24
75.0%
-7.9%
Net Margin
BFS
BFS
CDNA
CDNA
Q1 26
2.4%
Q4 25
8.7%
-3.8%
Q3 25
14.6%
1.7%
Q2 25
15.1%
-9.9%
Q1 25
13.6%
-12.2%
Q4 24
11.9%
101.3%
Q3 24
21.5%
-12.8%
Q2 24
21.6%
-5.0%
EPS (diluted)
BFS
BFS
CDNA
CDNA
Q1 26
$0.05
Q4 25
$0.15
$-0.08
Q3 25
$0.32
$0.03
Q2 25
$0.33
$-0.16
Q1 25
$0.29
$-0.19
Q4 24
$0.22
$1.60
Q3 24
$0.48
$-0.20
Q2 24
$0.48
$-0.09

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
CDNA
CDNA
Cash + ST InvestmentsLiquidity on hand
$8.7M
$77.9M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
Total Assets
$2.2B
$411.1M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
CDNA
CDNA
Q1 26
$77.9M
Q4 25
$8.7M
$177.2M
Q3 25
$11.8M
$194.2M
Q2 25
$5.3M
$186.3M
Q1 25
$6.5M
$230.9M
Q4 24
$10.3M
$260.7M
Q3 24
$7.2M
$240.9M
Q2 24
$6.9M
$228.9M
Total Debt
BFS
BFS
CDNA
CDNA
Q1 26
Q4 25
$468.4M
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$455.8M
Q3 24
$1.5B
$0
Q2 24
$1.4B
$0
Stockholders' Equity
BFS
BFS
CDNA
CDNA
Q1 26
Q4 25
$307.8M
$303.1M
Q3 25
$316.6M
$311.1M
Q2 25
$322.4M
$327.4M
Q1 25
$328.4M
$379.3M
Q4 24
$335.8M
$378.4M
Q3 24
$341.8M
$273.2M
Q2 24
$345.7M
$264.7M
Total Assets
BFS
BFS
CDNA
CDNA
Q1 26
$411.1M
Q4 25
$2.2B
$413.2M
Q3 25
$2.2B
$432.3M
Q2 25
$2.1B
$444.3M
Q1 25
$2.1B
$489.6M
Q4 24
$2.1B
$491.1M
Q3 24
$2.1B
$477.0M
Q2 24
$2.1B
$466.8M
Debt / Equity
BFS
BFS
CDNA
CDNA
Q1 26
Q4 25
1.52×
Q3 25
5.02×
Q2 25
4.85×
Q1 25
4.70×
Q4 24
1.36×
Q3 24
4.37×
0.00×
Q2 24
4.17×
0.00×

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
CDNA
CDNA
Operating Cash FlowLast quarter
$99.8M
$4.3M
Free Cash FlowOCF − Capex
$514.0K
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
1.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
CDNA
CDNA
Q1 26
$4.3M
Q4 25
$99.8M
$21.4M
Q3 25
$20.6M
$37.4M
Q2 25
$26.6M
$9.9M
Q1 25
$30.4M
$-26.6M
Q4 24
$121.2M
$21.9M
Q3 24
$26.5M
$12.5M
Q2 24
$32.1M
$18.9M
Free Cash Flow
BFS
BFS
CDNA
CDNA
Q1 26
$514.0K
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
FCF Margin
BFS
BFS
CDNA
CDNA
Q1 26
0.4%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Capex Intensity
BFS
BFS
CDNA
CDNA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Cash Conversion
BFS
BFS
CDNA
CDNA
Q1 26
1.54×
Q4 25
15.35×
Q3 25
1.97×
22.30×
Q2 25
2.48×
Q1 25
3.10×
Q4 24
14.98×
0.25×
Q3 24
1.83×
Q2 24
2.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

CDNA
CDNA

Financial Results Total$85.0M72%
Patient and digital solutions revenue$16.0M14%
Product revenue$10.3M9%
Other$6.4M5%

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