vs
Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Canopy Growth Corp (CGC). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $54.4M, roughly 1.4× Canopy Growth Corp). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -84.0%, a 92.7% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -0.3%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 1.2%).
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.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
BFS vs CGC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $54.4M |
| Net Profit | $6.5M | $-45.7M |
| Gross Margin | — | 28.8% |
| Operating Margin | 65.4% | -35.3% |
| Net Margin | 8.7% | -84.0% |
| Revenue YoY | 10.6% | -0.3% |
| Net Profit YoY | -19.6% | 48.6% |
| 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.
| Q4 25 | $75.1M | $54.4M | ||
| Q3 25 | $72.0M | $48.7M | ||
| Q2 25 | $70.8M | $52.7M | ||
| Q1 25 | $71.9M | $47.5M | ||
| Q4 24 | $67.9M | $54.6M | ||
| Q3 24 | $67.3M | $46.0M | ||
| Q2 24 | $66.9M | $48.3M | ||
| Q1 24 | $66.7M | $53.1M |
| Q4 25 | $6.5M | $-45.7M | ||
| Q3 25 | $10.5M | $-1.2M | ||
| Q2 25 | $10.7M | $-30.3M | ||
| Q1 25 | $9.8M | — | ||
| Q4 24 | $8.1M | $-89.0M | ||
| Q3 24 | $14.5M | $-93.7M | ||
| Q2 24 | $14.4M | $-92.8M | ||
| Q1 24 | $13.6M | — |
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 25.0% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | 73.6% | 34.7% | ||
| Q2 24 | 74.2% | 34.8% | ||
| Q1 24 | 72.8% | 21.3% |
| Q4 25 | 65.4% | -35.3% | ||
| Q3 25 | 69.1% | -25.3% | ||
| Q2 25 | 68.7% | -31.4% | ||
| Q1 25 | 66.5% | — | ||
| Q4 24 | 82.9% | -31.9% | ||
| Q3 24 | 72.8% | -72.9% | ||
| Q2 24 | 75.0% | -44.0% | ||
| Q1 24 | 72.4% | — |
| Q4 25 | 8.7% | -84.0% | ||
| Q3 25 | 14.6% | -2.5% | ||
| Q2 25 | 15.1% | -57.6% | ||
| Q1 25 | 13.6% | — | ||
| Q4 24 | 11.9% | -163.0% | ||
| Q3 24 | 21.5% | -203.7% | ||
| Q2 24 | 21.6% | -192.0% | ||
| Q1 24 | 20.4% | — |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.7M | $271.1M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $553.5M |
| Total Assets | $2.2B | $807.5M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $271.1M | ||
| Q3 25 | $11.8M | $217.6M | ||
| Q2 25 | $5.3M | $104.8M | ||
| Q1 25 | $6.5M | $96.0M | ||
| Q4 24 | $10.3M | $130.2M | ||
| Q3 24 | $7.2M | $168.8M | ||
| Q2 24 | $6.9M | $142.3M | ||
| Q1 24 | $7.1M | $148.5M |
| 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 | — |
| Q4 25 | $307.8M | $553.5M | ||
| Q3 25 | $316.6M | $537.3M | ||
| Q2 25 | $322.4M | $357.0M | ||
| Q1 25 | $328.4M | $355.7M | ||
| Q4 24 | $335.8M | $431.8M | ||
| Q3 24 | $341.8M | $372.1M | ||
| Q2 24 | $345.7M | $389.0M | ||
| Q1 24 | $347.1M | $365.3M |
| Q4 25 | $2.2B | $807.5M | ||
| Q3 25 | $2.2B | $781.0M | ||
| Q2 25 | $2.1B | $660.4M | ||
| Q1 25 | $2.1B | $669.9M | ||
| Q4 24 | $2.1B | $849.9M | ||
| Q3 24 | $2.1B | $899.6M | ||
| Q2 24 | $2.1B | $938.9M | ||
| Q1 24 | $2.0B | $949.2M |
| 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 | | |
|---|---|---|
| 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.
| Q4 25 | $99.8M | — | ||
| Q3 25 | $20.6M | — | ||
| Q2 25 | $26.6M | $-7.5M | ||
| Q1 25 | $30.4M | $-121.0M | ||
| Q4 24 | $121.2M | — | ||
| Q3 24 | $26.5M | — | ||
| Q2 24 | $32.1M | $-37.8M | ||
| Q1 24 | $33.8M | $-205.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-8.5M | ||
| Q1 25 | — | $-128.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | $-40.7M | ||
| Q1 24 | $-11.7M | $-208.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | — | -271.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | -84.1% | ||
| Q1 24 | -17.6% | -392.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | — | ||
| Q2 24 | 66.7% | 5.9% | ||
| Q1 24 | 68.3% | 4.7% |
| 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.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
