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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Curbline Properties Corp. (CURB). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $54.1M, roughly 1.4× Curbline Properties Corp.). Curbline Properties Corp. runs the higher net margin — 17.6% vs 8.7%, a 9.0% 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.
BFS vs CURB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $54.1M |
| Net Profit | $6.5M | $9.6M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | 17.8% |
| Net Margin | 8.7% | 17.6% |
| Revenue YoY | 10.6% | — |
| Net Profit YoY | -19.6% | — |
| EPS (diluted) | $0.15 | $0.08 |
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.
| Q4 25 | $75.1M | $54.1M | ||
| Q3 25 | $72.0M | $48.6M | ||
| Q2 25 | $70.8M | $41.4M | ||
| Q1 25 | $71.9M | $38.7M | ||
| Q4 24 | $67.9M | — | ||
| Q3 24 | $67.3M | $29.8M | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $66.7M | — |
| Q4 25 | $6.5M | $9.6M | ||
| Q3 25 | $10.5M | $9.4M | ||
| Q2 25 | $10.7M | $10.4M | ||
| Q1 25 | $9.8M | $10.6M | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $14.5M | $-15.4M | ||
| Q2 24 | $14.4M | — | ||
| Q1 24 | $13.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 73.6% | — | ||
| Q2 24 | 74.2% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | 65.4% | 17.8% | ||
| Q3 25 | 69.1% | 19.3% | ||
| Q2 25 | 68.7% | 25.3% | ||
| Q1 25 | 66.5% | 27.6% | ||
| Q4 24 | 82.9% | — | ||
| Q3 24 | 72.8% | -51.8% | ||
| Q2 24 | 75.0% | — | ||
| Q1 24 | 72.4% | — |
| Q4 25 | 8.7% | 17.6% | ||
| Q3 25 | 14.6% | 19.2% | ||
| Q2 25 | 15.1% | 25.1% | ||
| Q1 25 | 13.6% | 27.3% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.5% | -51.8% | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 20.4% | — |
| Q4 25 | $0.15 | $0.08 | ||
| Q3 25 | $0.32 | $0.09 | ||
| Q2 25 | $0.33 | $0.10 | ||
| Q1 25 | $0.29 | $0.10 | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.48 | $-0.15 | ||
| 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 | $289.6M |
| Total DebtLower is stronger | $468.4M | $423.2M |
| Stockholders' EquityBook value | $307.8M | $1.9B |
| Total Assets | $2.2B | $2.5B |
| Debt / EquityLower = less leverage | 1.52× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $289.6M | ||
| Q3 25 | $11.8M | $430.1M | ||
| Q2 25 | $5.3M | $429.9M | ||
| Q1 25 | $6.5M | $594.0M | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $7.2M | $2.5M | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $7.1M | — |
| Q4 25 | $468.4M | $423.2M | ||
| Q3 25 | $1.6B | $396.4M | ||
| Q2 25 | $1.6B | $99.1M | ||
| Q1 25 | $1.5B | $99.0M | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | $1.9B | ||
| Q3 25 | $316.6M | $1.9B | ||
| Q2 25 | $322.4M | $1.9B | ||
| Q1 25 | $328.4M | $1.9B | ||
| Q4 24 | $335.8M | — | ||
| Q3 24 | $341.8M | $1.1B | ||
| Q2 24 | $345.7M | — | ||
| Q1 24 | $347.1M | — |
| Q4 25 | $2.2B | $2.5B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | 1.52× | 0.22× | ||
| Q3 25 | 5.02× | 0.21× | ||
| Q2 25 | 4.85× | 0.05× | ||
| Q1 25 | 4.70× | 0.05× | ||
| 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 | $124.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 15.35× | 13.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $124.6M | ||
| Q3 25 | $20.6M | $39.2M | ||
| Q2 25 | $26.6M | $34.2M | ||
| Q1 25 | $30.4M | $25.4M | ||
| Q4 24 | $121.2M | — | ||
| Q3 24 | $26.5M | — | ||
| Q2 24 | $32.1M | — | ||
| Q1 24 | $33.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | — | ||
| Q2 24 | 66.7% | — | ||
| Q1 24 | 68.3% | — |
| Q4 25 | 15.35× | 13.04× | ||
| Q3 25 | 1.97× | 4.19× | ||
| Q2 25 | 2.48× | 3.28× | ||
| Q1 25 | 3.10× | 2.40× | ||
| 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.
