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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Energy Recovery, Inc. (ERII). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $66.9M, roughly 1.1× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 8.7%, a 31.6% 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, Energy Recovery, Inc.'s revenue compounded faster (8.1% 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.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
BFS vs ERII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $66.9M |
| Net Profit | $6.5M | $26.9M |
| Gross Margin | — | 67.2% |
| Operating Margin | 65.4% | 46.8% |
| Net Margin | 8.7% | 40.2% |
| Revenue YoY | 10.6% | -0.3% |
| Net Profit YoY | -19.6% | 14.7% |
| EPS (diluted) | $0.15 | $0.49 |
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 | $66.9M | ||
| Q3 25 | $72.0M | $32.0M | ||
| Q2 25 | $70.8M | $28.1M | ||
| Q1 25 | $71.9M | — | ||
| Q4 24 | $67.9M | $67.1M | ||
| Q3 24 | $67.3M | $38.6M | ||
| Q2 24 | $66.9M | $27.2M | ||
| Q1 24 | $66.7M | $12.1M |
| Q4 25 | $6.5M | $26.9M | ||
| Q3 25 | $10.5M | $3.9M | ||
| Q2 25 | $10.7M | $2.1M | ||
| Q1 25 | $9.8M | — | ||
| Q4 24 | $8.1M | $23.5M | ||
| Q3 24 | $14.5M | $8.5M | ||
| Q2 24 | $14.4M | $-642.0K | ||
| Q1 24 | $13.6M | $-8.3M |
| Q4 25 | — | 67.2% | ||
| Q3 25 | — | 64.2% | ||
| Q2 25 | — | 64.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 70.2% | ||
| Q3 24 | 73.6% | 65.1% | ||
| Q2 24 | 74.2% | 64.6% | ||
| Q1 24 | 72.8% | 59.0% |
| Q4 25 | 65.4% | 46.8% | ||
| Q3 25 | 69.1% | 11.4% | ||
| Q2 25 | 68.7% | 5.3% | ||
| Q1 25 | 66.5% | — | ||
| Q4 24 | 82.9% | 38.2% | ||
| Q3 24 | 72.8% | 18.3% | ||
| Q2 24 | 75.0% | -7.4% | ||
| Q1 24 | 72.4% | -90.4% |
| Q4 25 | 8.7% | 40.2% | ||
| Q3 25 | 14.6% | 12.1% | ||
| Q2 25 | 15.1% | 7.3% | ||
| Q1 25 | 13.6% | — | ||
| Q4 24 | 11.9% | 35.0% | ||
| Q3 24 | 21.5% | 22.0% | ||
| Q2 24 | 21.6% | -2.4% | ||
| Q1 24 | 20.4% | -68.3% |
| Q4 25 | $0.15 | $0.49 | ||
| Q3 25 | $0.32 | $0.07 | ||
| Q2 25 | $0.33 | $0.04 | ||
| Q1 25 | $0.29 | — | ||
| Q4 24 | $0.22 | $0.40 | ||
| Q3 24 | $0.48 | $0.15 | ||
| Q2 24 | $0.48 | $-0.01 | ||
| Q1 24 | $0.45 | $-0.14 |
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 | $75.2M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $206.2M |
| Total Assets | $2.2B | $231.5M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $75.2M | ||
| Q3 25 | $11.8M | $70.4M | ||
| Q2 25 | $5.3M | $79.5M | ||
| Q1 25 | $6.5M | — | ||
| Q4 24 | $10.3M | $78.0M | ||
| Q3 24 | $7.2M | $118.6M | ||
| Q2 24 | $6.9M | $101.0M | ||
| Q1 24 | $7.1M | $117.4M |
| 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 | $206.2M | ||
| Q3 25 | $316.6M | $180.8M | ||
| Q2 25 | $322.4M | $185.2M | ||
| Q1 25 | $328.4M | — | ||
| Q4 24 | $335.8M | $210.0M | ||
| Q3 24 | $341.8M | $233.9M | ||
| Q2 24 | $345.7M | $218.5M | ||
| Q1 24 | $347.1M | $216.0M |
| Q4 25 | $2.2B | $231.5M | ||
| Q3 25 | $2.2B | $209.6M | ||
| Q2 25 | $2.1B | $212.3M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $242.8M | ||
| Q3 24 | $2.1B | $262.7M | ||
| Q2 24 | $2.1B | $249.0M | ||
| Q1 24 | $2.0B | $244.3M |
| 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 | $7.1M |
| Free Cash FlowOCF − Capex | — | $6.4M |
| FCF MarginFCF / Revenue | — | 9.6% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 15.35× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $7.1M | ||
| Q3 25 | $20.6M | $-3.1M | ||
| Q2 25 | $26.6M | $4.1M | ||
| Q1 25 | $30.4M | — | ||
| Q4 24 | $121.2M | $9.0M | ||
| Q3 24 | $26.5M | $-3.0M | ||
| Q2 24 | $32.1M | $8.1M | ||
| Q1 24 | $33.8M | $6.5M |
| Q4 25 | — | $6.4M | ||
| Q3 25 | — | $-3.5M | ||
| Q2 25 | — | $4.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9M | ||
| Q3 24 | $-28.3M | $-3.2M | ||
| Q2 24 | $-12.5M | $7.9M | ||
| Q1 24 | $-11.7M | $5.7M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | -10.9% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | -42.1% | -8.2% | ||
| Q2 24 | -18.7% | 28.9% | ||
| Q1 24 | -17.6% | 46.9% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 81.5% | 0.4% | ||
| Q2 24 | 66.7% | 0.7% | ||
| Q1 24 | 68.3% | 6.8% |
| Q4 25 | 15.35× | 0.26× | ||
| Q3 25 | 1.97× | -0.81× | ||
| Q2 25 | 2.48× | 2.02× | ||
| Q1 25 | 3.10× | — | ||
| Q4 24 | 14.98× | 0.38× | ||
| Q3 24 | 1.83× | -0.35× | ||
| 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.
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
