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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). Click either name above to swap in a different company.

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $64.6M, roughly 1.2× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 10.6%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% 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.

Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.

BFS vs ESTA — Head-to-Head

Bigger by revenue
BFS
BFS
1.2× larger
BFS
$75.1M
$64.6M
ESTA
Growing faster (revenue YoY)
ESTA
ESTA
+34.5% gap
ESTA
45.2%
10.6%
BFS
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
ESTA
ESTA
Revenue
$75.1M
$64.6M
Net Profit
$6.5M
Gross Margin
70.5%
Operating Margin
65.4%
-6.1%
Net Margin
8.7%
Revenue YoY
10.6%
45.2%
Net Profit YoY
-19.6%
EPS (diluted)
$0.15
$-0.07

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
ESTA
ESTA
Q4 25
$75.1M
$64.6M
Q3 25
$72.0M
$53.8M
Q2 25
$70.8M
$51.3M
Q1 25
$71.9M
$41.4M
Q4 24
$67.9M
$44.5M
Q3 24
$67.3M
$40.2M
Q2 24
$66.9M
$44.1M
Q1 24
$66.7M
$37.2M
Net Profit
BFS
BFS
ESTA
ESTA
Q4 25
$6.5M
Q3 25
$10.5M
$-11.1M
Q2 25
$10.7M
$-16.6M
Q1 25
$9.8M
$-20.7M
Q4 24
$8.1M
Q3 24
$14.5M
$-16.7M
Q2 24
$14.4M
$-17.2M
Q1 24
$13.6M
$-16.2M
Gross Margin
BFS
BFS
ESTA
ESTA
Q4 25
70.5%
Q3 25
70.1%
Q2 25
68.8%
Q1 25
67.2%
Q4 24
68.5%
Q3 24
73.6%
63.9%
Q2 24
74.2%
65.6%
Q1 24
72.8%
65.6%
Operating Margin
BFS
BFS
ESTA
ESTA
Q4 25
65.4%
-6.1%
Q3 25
69.1%
-7.5%
Q2 25
68.7%
-27.5%
Q1 25
66.5%
-41.0%
Q4 24
82.9%
-41.9%
Q3 24
72.8%
-32.7%
Q2 24
75.0%
-21.2%
Q1 24
72.4%
-23.8%
Net Margin
BFS
BFS
ESTA
ESTA
Q4 25
8.7%
Q3 25
14.6%
-20.7%
Q2 25
15.1%
-32.3%
Q1 25
13.6%
-50.1%
Q4 24
11.9%
Q3 24
21.5%
-41.5%
Q2 24
21.6%
-38.9%
Q1 24
20.4%
-43.6%
EPS (diluted)
BFS
BFS
ESTA
ESTA
Q4 25
$0.15
$-0.07
Q3 25
$0.32
$-0.38
Q2 25
$0.33
$-0.57
Q1 25
$0.29
$-0.70
Q4 24
$0.22
$-1.21
Q3 24
$0.48
$-0.59
Q2 24
$0.48
$-0.62
Q1 24
$0.45
$-0.58

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
ESTA
ESTA
Cash + ST InvestmentsLiquidity on hand
$8.7M
$75.6M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$23.5M
Total Assets
$2.2B
$357.2M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
ESTA
ESTA
Q4 25
$8.7M
$75.6M
Q3 25
$11.8M
$70.6M
Q2 25
$5.3M
$54.6M
Q1 25
$6.5M
$69.2M
Q4 24
$10.3M
$90.3M
Q3 24
$7.2M
Q2 24
$6.9M
Q1 24
$7.1M
Total Debt
BFS
BFS
ESTA
ESTA
Q4 25
$468.4M
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$455.8M
$0
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
ESTA
ESTA
Q4 25
$307.8M
$23.5M
Q3 25
$316.6M
$16.4M
Q2 25
$322.4M
$22.8M
Q1 25
$328.4M
$38.5M
Q4 24
$335.8M
$53.1M
Q3 24
$341.8M
$32.7M
Q2 24
$345.7M
$45.0M
Q1 24
$347.1M
$56.9M
Total Assets
BFS
BFS
ESTA
ESTA
Q4 25
$2.2B
$357.2M
Q3 25
$2.2B
$338.9M
Q2 25
$2.1B
$329.7M
Q1 25
$2.1B
$333.4M
Q4 24
$2.1B
$346.8M
Q3 24
$2.1B
$282.7M
Q2 24
$2.1B
$285.1M
Q1 24
$2.0B
$301.8M
Debt / Equity
BFS
BFS
ESTA
ESTA
Q4 25
1.52×
Q3 25
5.02×
Q2 25
4.85×
Q1 25
4.70×
Q4 24
1.36×
0.00×
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
BFS
BFS
ESTA
ESTA
Operating Cash FlowLast quarter
$99.8M
$-162.0K
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-3.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
ESTA
ESTA
Q4 25
$99.8M
$-162.0K
Q3 25
$20.6M
$-11.3M
Q2 25
$26.6M
$-18.8M
Q1 25
$30.4M
$-20.7M
Q4 24
$121.2M
$-20.7M
Q3 24
$26.5M
$-12.5M
Q2 24
$32.1M
$-14.2M
Q1 24
$33.8M
$-11.2M
Free Cash Flow
BFS
BFS
ESTA
ESTA
Q4 25
$-2.0M
Q3 25
$-13.1M
Q2 25
$-20.4M
Q1 25
$-21.5M
Q4 24
$-21.3M
Q3 24
$-28.3M
$-13.9M
Q2 24
$-12.5M
$-15.0M
Q1 24
$-11.7M
$-14.5M
FCF Margin
BFS
BFS
ESTA
ESTA
Q4 25
-3.1%
Q3 25
-24.4%
Q2 25
-39.7%
Q1 25
-51.9%
Q4 24
-47.8%
Q3 24
-42.1%
-34.6%
Q2 24
-18.7%
-33.9%
Q1 24
-17.6%
-38.9%
Capex Intensity
BFS
BFS
ESTA
ESTA
Q4 25
2.8%
Q3 25
3.4%
Q2 25
3.2%
Q1 25
1.8%
Q4 24
1.2%
Q3 24
81.5%
3.7%
Q2 24
66.7%
1.8%
Q1 24
68.3%
8.9%
Cash Conversion
BFS
BFS
ESTA
ESTA
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.

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