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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and DENNY'S Corp (DENN). Click either name above to swap in a different company.
DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $75.1M, roughly 1.5× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 0.6%, a 8.1% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs 1.3%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -0.9%).
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.
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
BFS vs DENN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $113.2M |
| Net Profit | $6.5M | $632.0K |
| Gross Margin | — | — |
| Operating Margin | 65.4% | 9.2% |
| Net Margin | 8.7% | 0.6% |
| Revenue YoY | 10.6% | 1.3% |
| Net Profit YoY | -19.6% | -90.3% |
| EPS (diluted) | $0.15 | $0.01 |
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 | — | ||
| Q3 25 | $72.0M | $113.2M | ||
| Q2 25 | $70.8M | $117.7M | ||
| Q1 25 | $71.9M | $111.6M | ||
| Q4 24 | $67.9M | $114.7M | ||
| Q3 24 | $67.3M | $111.8M | ||
| Q2 24 | $66.9M | $115.9M | ||
| Q1 24 | $66.7M | $110.0M |
| Q4 25 | $6.5M | — | ||
| Q3 25 | $10.5M | $632.0K | ||
| Q2 25 | $10.7M | $2.5M | ||
| Q1 25 | $9.8M | $326.0K | ||
| Q4 24 | $8.1M | $6.8M | ||
| Q3 24 | $14.5M | $6.5M | ||
| Q2 24 | $14.4M | $3.6M | ||
| Q1 24 | $13.6M | $4.7M |
| 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% | — | ||
| Q3 25 | 69.1% | 9.2% | ||
| Q2 25 | 68.7% | 7.3% | ||
| Q1 25 | 66.5% | 4.7% | ||
| Q4 24 | 82.9% | 12.6% | ||
| Q3 24 | 72.8% | 10.5% | ||
| Q2 24 | 75.0% | 7.9% | ||
| Q1 24 | 72.4% | 9.1% |
| Q4 25 | 8.7% | — | ||
| Q3 25 | 14.6% | 0.6% | ||
| Q2 25 | 15.1% | 2.1% | ||
| Q1 25 | 13.6% | 0.3% | ||
| Q4 24 | 11.9% | 5.9% | ||
| Q3 24 | 21.5% | 5.8% | ||
| Q2 24 | 21.6% | 3.1% | ||
| Q1 24 | 20.4% | 4.3% |
| Q4 25 | $0.15 | — | ||
| Q3 25 | $0.32 | $0.01 | ||
| Q2 25 | $0.33 | $0.05 | ||
| Q1 25 | $0.29 | $0.01 | ||
| Q4 24 | $0.22 | $0.13 | ||
| Q3 24 | $0.48 | $0.12 | ||
| Q2 24 | $0.48 | $0.07 | ||
| Q1 24 | $0.45 | $0.09 |
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 | — |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $-32.7M |
| Total Assets | $2.2B | $502.9M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | — | ||
| Q3 25 | $11.8M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $6.5M | $1.1M | ||
| Q4 24 | $10.3M | $100.0K | ||
| Q3 24 | $7.2M | $2.9M | ||
| Q2 24 | $6.9M | $2.8M | ||
| Q1 24 | $7.1M | $2.8M |
| Q4 25 | $468.4M | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $455.8M | $270.6M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | — | ||
| Q3 25 | $316.6M | $-32.7M | ||
| Q2 25 | $322.4M | $-34.6M | ||
| Q1 25 | $328.4M | $-36.4M | ||
| Q4 24 | $335.8M | $-34.0M | ||
| Q3 24 | $341.8M | $-54.5M | ||
| Q2 24 | $345.7M | $-53.2M | ||
| Q1 24 | $347.1M | $-55.7M |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $502.9M | ||
| Q2 25 | $2.1B | $491.1M | ||
| Q1 25 | $2.1B | $488.1M | ||
| Q4 24 | $2.1B | $496.3M | ||
| Q3 24 | $2.1B | $461.6M | ||
| Q2 24 | $2.1B | $459.9M | ||
| Q1 24 | $2.0B | $460.4M |
| 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 | $16.0M |
| Free Cash FlowOCF − Capex | — | $16.0M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 15.35× | 25.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | — | ||
| Q3 25 | $20.6M | $16.0M | ||
| Q2 25 | $26.6M | $9.4M | ||
| Q1 25 | $30.4M | $5.0M | ||
| Q4 24 | $121.2M | $8.5M | ||
| Q3 24 | $26.5M | $6.6M | ||
| Q2 24 | $32.1M | $14.2M | ||
| Q1 24 | $33.8M | $215.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $16.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | 0.0% | ||
| Q2 24 | 66.7% | — | ||
| Q1 24 | 68.3% | — |
| Q4 25 | 15.35× | — | ||
| Q3 25 | 1.97× | 25.28× | ||
| Q2 25 | 2.48× | 3.79× | ||
| Q1 25 | 3.10× | 15.38× | ||
| Q4 24 | 14.98× | 1.26× | ||
| Q3 24 | 1.83× | 1.01× | ||
| Q2 24 | 2.22× | 3.97× | ||
| Q1 24 | 2.48× | 0.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
