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

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $65.4M, roughly 1.1× Clarus Corp). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -47.8%, a 56.4% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -8.4%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -2.9%).

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.

Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.

BFS vs CLAR — Head-to-Head

Bigger by revenue
BFS
BFS
1.1× larger
BFS
$75.1M
$65.4M
CLAR
Growing faster (revenue YoY)
BFS
BFS
+19.0% gap
BFS
10.6%
-8.4%
CLAR
Higher net margin
BFS
BFS
56.4% more per $
BFS
8.7%
-47.8%
CLAR
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
CLAR
CLAR
Revenue
$75.1M
$65.4M
Net Profit
$6.5M
$-31.3M
Gross Margin
27.7%
Operating Margin
65.4%
-59.6%
Net Margin
8.7%
-47.8%
Revenue YoY
10.6%
-8.4%
Net Profit YoY
-19.6%
52.3%
EPS (diluted)
$0.15
$-0.81

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
CLAR
CLAR
Q4 25
$75.1M
$65.4M
Q3 25
$72.0M
$69.3M
Q2 25
$70.8M
$55.2M
Q1 25
$71.9M
$60.4M
Q4 24
$67.9M
$71.4M
Q3 24
$67.3M
$67.1M
Q2 24
$66.9M
$56.5M
Q1 24
$66.7M
$69.3M
Net Profit
BFS
BFS
CLAR
CLAR
Q4 25
$6.5M
$-31.3M
Q3 25
$10.5M
$-1.6M
Q2 25
$10.7M
$-8.4M
Q1 25
$9.8M
$-5.2M
Q4 24
$8.1M
$-65.5M
Q3 24
$14.5M
$-3.2M
Q2 24
$14.4M
$-5.5M
Q1 24
$13.6M
$21.9M
Gross Margin
BFS
BFS
CLAR
CLAR
Q4 25
27.7%
Q3 25
35.1%
Q2 25
35.6%
Q1 25
34.4%
Q4 24
33.4%
Q3 24
73.6%
35.0%
Q2 24
74.2%
36.1%
Q1 24
72.8%
35.9%
Operating Margin
BFS
BFS
CLAR
CLAR
Q4 25
65.4%
-59.6%
Q3 25
69.1%
-4.4%
Q2 25
68.7%
-19.7%
Q1 25
66.5%
-11.2%
Q4 24
82.9%
-70.2%
Q3 24
72.8%
-8.0%
Q2 24
75.0%
-14.4%
Q1 24
72.4%
-9.8%
Net Margin
BFS
BFS
CLAR
CLAR
Q4 25
8.7%
-47.8%
Q3 25
14.6%
-2.3%
Q2 25
15.1%
-15.3%
Q1 25
13.6%
-8.7%
Q4 24
11.9%
-91.8%
Q3 24
21.5%
-4.7%
Q2 24
21.6%
-9.7%
Q1 24
20.4%
31.6%
EPS (diluted)
BFS
BFS
CLAR
CLAR
Q4 25
$0.15
$-0.81
Q3 25
$0.32
$-0.04
Q2 25
$0.33
$-0.22
Q1 25
$0.29
$-0.14
Q4 24
$0.22
$-1.72
Q3 24
$0.48
$-0.08
Q2 24
$0.48
$-0.14
Q1 24
$0.45
$0.57

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
CLAR
CLAR
Cash + ST InvestmentsLiquidity on hand
$8.7M
$36.7M
Total DebtLower is stronger
$468.4M
$0
Stockholders' EquityBook value
$307.8M
$196.4M
Total Assets
$2.2B
$249.0M
Debt / EquityLower = less leverage
1.52×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
CLAR
CLAR
Q4 25
$8.7M
$36.7M
Q3 25
$11.8M
$29.5M
Q2 25
$5.3M
$28.5M
Q1 25
$6.5M
$41.3M
Q4 24
$10.3M
$45.4M
Q3 24
$7.2M
$36.4M
Q2 24
$6.9M
$46.2M
Q1 24
$7.1M
$47.5M
Total Debt
BFS
BFS
CLAR
CLAR
Q4 25
$468.4M
$0
Q3 25
$1.6B
$2.0M
Q2 25
$1.6B
$1.9M
Q1 25
$1.5B
$1.9M
Q4 24
$455.8M
$1.9M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
$37.0K
Stockholders' Equity
BFS
BFS
CLAR
CLAR
Q4 25
$307.8M
$196.4M
Q3 25
$316.6M
$225.8M
Q2 25
$322.4M
$225.1M
Q1 25
$328.4M
$229.3M
Q4 24
$335.8M
$233.1M
Q3 24
$341.8M
$308.5M
Q2 24
$345.7M
$307.3M
Q1 24
$347.1M
$310.4M
Total Assets
BFS
BFS
CLAR
CLAR
Q4 25
$2.2B
$249.0M
Q3 25
$2.2B
$283.1M
Q2 25
$2.1B
$286.5M
Q1 25
$2.1B
$292.8M
Q4 24
$2.1B
$294.1M
Q3 24
$2.1B
$375.3M
Q2 24
$2.1B
$369.4M
Q1 24
$2.0B
$377.0M
Debt / Equity
BFS
BFS
CLAR
CLAR
Q4 25
1.52×
0.00×
Q3 25
5.02×
0.01×
Q2 25
4.85×
0.01×
Q1 25
4.70×
0.01×
Q4 24
1.36×
0.01×
Q3 24
4.37×
Q2 24
4.17×
Q1 24
4.06×
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
CLAR
CLAR
Operating Cash FlowLast quarter
$99.8M
$12.5M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
17.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
CLAR
CLAR
Q4 25
$99.8M
$12.5M
Q3 25
$20.6M
$-5.7M
Q2 25
$26.6M
$-9.4M
Q1 25
$30.4M
$-2.1M
Q4 24
$121.2M
$16.6M
Q3 24
$26.5M
$-8.3M
Q2 24
$32.1M
$834.0K
Q1 24
$33.8M
$-16.4M
Free Cash Flow
BFS
BFS
CLAR
CLAR
Q4 25
$11.6M
Q3 25
$-7.0M
Q2 25
$-11.3M
Q1 25
$-3.3M
Q4 24
$14.4M
Q3 24
$-28.3M
$-9.4M
Q2 24
$-12.5M
$-744.0K
Q1 24
$-11.7M
$-18.3M
FCF Margin
BFS
BFS
CLAR
CLAR
Q4 25
17.7%
Q3 25
-10.0%
Q2 25
-20.4%
Q1 25
-5.4%
Q4 24
20.1%
Q3 24
-42.1%
-14.0%
Q2 24
-18.7%
-1.3%
Q1 24
-17.6%
-26.3%
Capex Intensity
BFS
BFS
CLAR
CLAR
Q4 25
1.4%
Q3 25
1.8%
Q2 25
3.4%
Q1 25
2.0%
Q4 24
3.1%
Q3 24
81.5%
1.6%
Q2 24
66.7%
2.8%
Q1 24
68.3%
2.7%
Cash Conversion
BFS
BFS
CLAR
CLAR
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×
-0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

CLAR
CLAR

Other$37.1M57%
Outdoor Segment$25.3M39%
Adventure Segment$3.0M5%

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