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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and JFrog Ltd (FROG). Click either name above to swap in a different company.

JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $75.1M, roughly 1.9× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -10.5%, a 19.1% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 10.6%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% 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.

JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.

BFS vs FROG — Head-to-Head

Bigger by revenue
FROG
FROG
1.9× larger
FROG
$145.3M
$75.1M
BFS
Growing faster (revenue YoY)
FROG
FROG
+14.5% gap
FROG
25.2%
10.6%
BFS
Higher net margin
BFS
BFS
19.1% more per $
BFS
8.7%
-10.5%
FROG
Faster 2-yr revenue CAGR
FROG
FROG
Annualised
FROG
20.4%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
FROG
FROG
Revenue
$75.1M
$145.3M
Net Profit
$6.5M
$-15.2M
Gross Margin
77.9%
Operating Margin
65.4%
-14.7%
Net Margin
8.7%
-10.5%
Revenue YoY
10.6%
25.2%
Net Profit YoY
-19.6%
34.4%
EPS (diluted)
$0.15
$-0.13

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
FROG
FROG
Q4 25
$75.1M
$145.3M
Q3 25
$72.0M
$136.9M
Q2 25
$70.8M
$127.2M
Q1 25
$71.9M
$122.4M
Q4 24
$67.9M
$116.1M
Q3 24
$67.3M
$109.1M
Q2 24
$66.9M
$103.0M
Q1 24
$66.7M
$100.3M
Net Profit
BFS
BFS
FROG
FROG
Q4 25
$6.5M
$-15.2M
Q3 25
$10.5M
$-16.4M
Q2 25
$10.7M
$-21.7M
Q1 25
$9.8M
$-18.5M
Q4 24
$8.1M
$-23.2M
Q3 24
$14.5M
$-22.9M
Q2 24
$14.4M
$-14.3M
Q1 24
$13.6M
$-8.8M
Gross Margin
BFS
BFS
FROG
FROG
Q4 25
77.9%
Q3 25
77.4%
Q2 25
76.3%
Q1 25
75.3%
Q4 24
75.4%
Q3 24
73.6%
75.0%
Q2 24
74.2%
78.8%
Q1 24
72.8%
79.5%
Operating Margin
BFS
BFS
FROG
FROG
Q4 25
65.4%
-14.7%
Q3 25
69.1%
-15.8%
Q2 25
68.7%
-20.4%
Q1 25
66.5%
-18.8%
Q4 24
82.9%
-21.9%
Q3 24
72.8%
-27.4%
Q2 24
75.0%
-18.6%
Q1 24
72.4%
-16.6%
Net Margin
BFS
BFS
FROG
FROG
Q4 25
8.7%
-10.5%
Q3 25
14.6%
-12.0%
Q2 25
15.1%
-17.0%
Q1 25
13.6%
-15.1%
Q4 24
11.9%
-20.0%
Q3 24
21.5%
-21.0%
Q2 24
21.6%
-13.9%
Q1 24
20.4%
-8.8%
EPS (diluted)
BFS
BFS
FROG
FROG
Q4 25
$0.15
$-0.13
Q3 25
$0.32
$-0.14
Q2 25
$0.33
$-0.19
Q1 25
$0.29
$-0.16
Q4 24
$0.22
$-0.21
Q3 24
$0.48
$-0.21
Q2 24
$0.48
$-0.13
Q1 24
$0.45
$-0.08

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
FROG
FROG
Cash + ST InvestmentsLiquidity on hand
$8.7M
$704.4M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$887.4M
Total Assets
$2.2B
$1.3B
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
FROG
FROG
Q4 25
$8.7M
$704.4M
Q3 25
$11.8M
$651.1M
Q2 25
$5.3M
$611.7M
Q1 25
$6.5M
$563.5M
Q4 24
$10.3M
$522.0M
Q3 24
$7.2M
$467.8M
Q2 24
$6.9M
$591.3M
Q1 24
$7.1M
$579.6M
Total Debt
BFS
BFS
FROG
FROG
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
Stockholders' Equity
BFS
BFS
FROG
FROG
Q4 25
$307.8M
$887.4M
Q3 25
$316.6M
$859.4M
Q2 25
$322.4M
$826.5M
Q1 25
$328.4M
$800.0M
Q4 24
$335.8M
$773.5M
Q3 24
$341.8M
$756.2M
Q2 24
$345.7M
$721.4M
Q1 24
$347.1M
$707.8M
Total Assets
BFS
BFS
FROG
FROG
Q4 25
$2.2B
$1.3B
Q3 25
$2.2B
$1.3B
Q2 25
$2.1B
$1.2B
Q1 25
$2.1B
$1.2B
Q4 24
$2.1B
$1.1B
Q3 24
$2.1B
$1.1B
Q2 24
$2.1B
$1.0B
Q1 24
$2.0B
$997.1M
Debt / Equity
BFS
BFS
FROG
FROG
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
BFS
BFS
FROG
FROG
Operating Cash FlowLast quarter
$99.8M
$50.7M
Free Cash FlowOCF − Capex
$49.9M
FCF MarginFCF / Revenue
34.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$142.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
FROG
FROG
Q4 25
$99.8M
$50.7M
Q3 25
$20.6M
$30.2M
Q2 25
$26.6M
$36.1M
Q1 25
$30.4M
$28.8M
Q4 24
$121.2M
$49.1M
Q3 24
$26.5M
$27.6M
Q2 24
$32.1M
$16.7M
Q1 24
$33.8M
$17.5M
Free Cash Flow
BFS
BFS
FROG
FROG
Q4 25
$49.9M
Q3 25
$28.8M
Q2 25
$35.5M
Q1 25
$28.1M
Q4 24
$48.5M
Q3 24
$-28.3M
$26.7M
Q2 24
$-12.5M
$16.0M
Q1 24
$-11.7M
$16.6M
FCF Margin
BFS
BFS
FROG
FROG
Q4 25
34.3%
Q3 25
21.0%
Q2 25
27.9%
Q1 25
23.0%
Q4 24
41.8%
Q3 24
-42.1%
24.5%
Q2 24
-18.7%
15.5%
Q1 24
-17.6%
16.6%
Capex Intensity
BFS
BFS
FROG
FROG
Q4 25
0.6%
Q3 25
1.0%
Q2 25
0.5%
Q1 25
0.5%
Q4 24
0.5%
Q3 24
81.5%
0.9%
Q2 24
66.7%
0.7%
Q1 24
68.3%
0.8%
Cash Conversion
BFS
BFS
FROG
FROG
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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