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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and FUELCELL ENERGY INC (FCEL). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $55.0M, roughly 1.4× FUELCELL ENERGY INC). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -54.3%, a 62.9% gap on every dollar of revenue. On growth, FUELCELL ENERGY INC posted the faster year-over-year revenue change (11.5% vs 10.6%). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% 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.
FuelCell Energy, Inc. is a publicly traded fuel cell company headquartered in Danbury, Connecticut. It designs, manufactures, operates and services power plants based on molten carbonate fuel cells.
BFS vs FCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $55.0M |
| Net Profit | $6.5M | $-29.9M |
| Gross Margin | — | -12.1% |
| Operating Margin | 65.4% | -51.5% |
| Net Margin | 8.7% | -54.3% |
| Revenue YoY | 10.6% | 11.5% |
| Net Profit YoY | -19.6% | 27.9% |
| EPS (diluted) | $0.15 | $-0.43 |
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 | $55.0M | ||
| Q3 25 | $72.0M | $46.7M | ||
| Q2 25 | $70.8M | $37.4M | ||
| Q1 25 | $71.9M | $19.0M | ||
| Q4 24 | $67.9M | $49.3M | ||
| Q3 24 | $67.3M | $23.7M | ||
| Q2 24 | $66.9M | $22.4M | ||
| Q1 24 | $66.7M | $16.7M |
| Q4 25 | $6.5M | $-29.9M | ||
| Q3 25 | $10.5M | $-91.7M | ||
| Q2 25 | $10.7M | $-38.0M | ||
| Q1 25 | $9.8M | $-28.3M | ||
| Q4 24 | $8.1M | $-41.4M | ||
| Q3 24 | $14.5M | $-32.7M | ||
| Q2 24 | $14.4M | $-32.1M | ||
| Q1 24 | $13.6M | $-19.8M |
| Q4 25 | — | -12.1% | ||
| Q3 25 | — | -11.0% | ||
| Q2 25 | — | -25.2% | ||
| Q1 25 | — | -27.4% | ||
| Q4 24 | — | -22.1% | ||
| Q3 24 | 73.6% | -26.2% | ||
| Q2 24 | 74.2% | -31.6% | ||
| Q1 24 | 72.8% | -70.2% |
| Q4 25 | 65.4% | -51.5% | ||
| Q3 25 | 69.1% | -204.0% | ||
| Q2 25 | 68.7% | -95.7% | ||
| Q1 25 | 66.5% | -172.9% | ||
| Q4 24 | 82.9% | -83.2% | ||
| Q3 24 | 72.8% | -141.9% | ||
| Q2 24 | 75.0% | -184.5% | ||
| Q1 24 | 72.4% | -254.5% |
| Q4 25 | 8.7% | -54.3% | ||
| Q3 25 | 14.6% | -196.1% | ||
| Q2 25 | 15.1% | -101.7% | ||
| Q1 25 | 13.6% | -149.1% | ||
| Q4 24 | 11.9% | -84.0% | ||
| Q3 24 | 21.5% | -137.8% | ||
| Q2 24 | 21.6% | -143.4% | ||
| Q1 24 | 20.4% | -118.6% |
| Q4 25 | $0.15 | $-0.43 | ||
| Q3 25 | $0.32 | $-3.78 | ||
| Q2 25 | $0.33 | $-1.79 | ||
| Q1 25 | $0.29 | $-1.42 | ||
| Q4 24 | $0.22 | $-2.29 | ||
| Q3 24 | $0.48 | $-1.99 | ||
| Q2 24 | $0.48 | $-2.18 | ||
| Q1 24 | $0.45 | $-1.37 |
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 | $278.1M |
| Total DebtLower is stronger | $468.4M | $103.8M |
| Stockholders' EquityBook value | $307.8M | $662.2M |
| Total Assets | $2.2B | $932.1M |
| Debt / EquityLower = less leverage | 1.52× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $278.1M | ||
| Q3 25 | $11.8M | $174.7M | ||
| Q2 25 | $5.3M | $177.0M | ||
| Q1 25 | $6.5M | $208.4M | ||
| Q4 24 | $10.3M | $257.3M | ||
| Q3 24 | $7.2M | $267.2M | ||
| Q2 24 | $6.9M | $260.1M | ||
| Q1 24 | $7.1M | $297.5M |
| Q4 25 | $468.4M | $103.8M | ||
| Q3 25 | $1.6B | $106.4M | ||
| Q2 25 | $1.6B | $109.4M | ||
| Q1 25 | $1.5B | $112.3M | ||
| Q4 24 | $455.8M | $115.7M | ||
| Q3 24 | $1.5B | $112.7M | ||
| Q2 24 | $1.4B | $116.2M | ||
| Q1 24 | $1.4B | $107.2M |
| Q4 25 | $307.8M | $662.2M | ||
| Q3 25 | $316.6M | $556.2M | ||
| Q2 25 | $322.4M | $609.2M | ||
| Q1 25 | $328.4M | $635.2M | ||
| Q4 24 | $335.8M | $656.9M | ||
| Q3 24 | $341.8M | $675.8M | ||
| Q2 24 | $345.7M | $639.8M | ||
| Q1 24 | $347.1M | $663.9M |
| Q4 25 | $2.2B | $932.1M | ||
| Q3 25 | $2.2B | $830.5M | ||
| Q2 25 | $2.1B | $883.8M | ||
| Q1 25 | $2.1B | $907.5M | ||
| Q4 24 | $2.1B | $944.1M | ||
| Q3 24 | $2.1B | $948.9M | ||
| Q2 24 | $2.1B | $916.8M | ||
| Q1 24 | $2.0B | $923.2M |
| Q4 25 | 1.52× | 0.16× | ||
| Q3 25 | 5.02× | 0.19× | ||
| Q2 25 | 4.85× | 0.18× | ||
| Q1 25 | 4.70× | 0.18× | ||
| Q4 24 | 1.36× | 0.18× | ||
| Q3 24 | 4.37× | 0.17× | ||
| Q2 24 | 4.17× | 0.18× | ||
| Q1 24 | 4.06× | 0.16× |
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 | $-22.9M |
| Free Cash FlowOCF − Capex | — | $-23.9M |
| FCF MarginFCF / Revenue | — | -43.4% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-22.9M | ||
| Q3 25 | $20.6M | $-26.8M | ||
| Q2 25 | $26.6M | $-29.9M | ||
| Q1 25 | $30.4M | $-45.7M | ||
| Q4 24 | $121.2M | $5.8M | ||
| Q3 24 | $26.5M | $-63.4M | ||
| Q2 24 | $32.1M | $-37.1M | ||
| Q1 24 | $33.8M | $-58.3M |
| Q4 25 | — | $-23.9M | ||
| Q3 25 | — | $-32.1M | ||
| Q2 25 | — | $-35.2M | ||
| Q1 25 | — | $-52.8M | ||
| Q4 24 | — | $-4.7M | ||
| Q3 24 | $-28.3M | $-76.8M | ||
| Q2 24 | $-12.5M | $-50.3M | ||
| Q1 24 | $-11.7M | $-68.8M |
| Q4 25 | — | -43.4% | ||
| Q3 25 | — | -68.6% | ||
| Q2 25 | — | -94.0% | ||
| Q1 25 | — | -277.8% | ||
| Q4 24 | — | -9.5% | ||
| Q3 24 | -42.1% | -324.0% | ||
| Q2 24 | -18.7% | -224.5% | ||
| Q1 24 | -17.6% | -412.4% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 37.2% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 81.5% | 56.6% | ||
| Q2 24 | 66.7% | 58.9% | ||
| Q1 24 | 68.3% | 63.3% |
| 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.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
