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

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $75.1M, roughly 1.6× SAUL CENTERS, INC.). GDEV Inc. runs the higher net margin — 13.9% vs 8.7%, a 5.2% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 10.6%).

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.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

BFS vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.6× larger
GDEV
$119.9M
$75.1M
BFS
Growing faster (revenue YoY)
GDEV
GDEV
+2.7% gap
GDEV
13.3%
10.6%
BFS
Higher net margin
GDEV
GDEV
5.2% more per $
GDEV
13.9%
8.7%
BFS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BFS
BFS
GDEV
GDEV
Revenue
$75.1M
$119.9M
Net Profit
$6.5M
$16.6M
Gross Margin
Operating Margin
65.4%
15.5%
Net Margin
8.7%
13.9%
Revenue YoY
10.6%
13.3%
Net Profit YoY
-19.6%
13.0%
EPS (diluted)
$0.15
$0.90

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
GDEV
GDEV
Q4 25
$75.1M
Q3 25
$72.0M
Q2 25
$70.8M
$119.9M
Q1 25
$71.9M
Q4 24
$67.9M
Q3 24
$67.3M
Q2 24
$66.9M
$105.8M
Q1 24
$66.7M
Net Profit
BFS
BFS
GDEV
GDEV
Q4 25
$6.5M
Q3 25
$10.5M
Q2 25
$10.7M
$16.6M
Q1 25
$9.8M
Q4 24
$8.1M
Q3 24
$14.5M
Q2 24
$14.4M
$14.7M
Q1 24
$13.6M
Gross Margin
BFS
BFS
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
GDEV
GDEV
Q4 25
65.4%
Q3 25
69.1%
Q2 25
68.7%
15.5%
Q1 25
66.5%
Q4 24
82.9%
Q3 24
72.8%
Q2 24
75.0%
14.4%
Q1 24
72.4%
Net Margin
BFS
BFS
GDEV
GDEV
Q4 25
8.7%
Q3 25
14.6%
Q2 25
15.1%
13.9%
Q1 25
13.6%
Q4 24
11.9%
Q3 24
21.5%
Q2 24
21.6%
13.9%
Q1 24
20.4%
EPS (diluted)
BFS
BFS
GDEV
GDEV
Q4 25
$0.15
Q3 25
$0.32
Q2 25
$0.33
$0.90
Q1 25
$0.29
Q4 24
$0.22
Q3 24
$0.48
Q2 24
$0.48
$0.81
Q1 24
$0.45

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$8.7M
$41.6M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$-129.4M
Total Assets
$2.2B
$210.2M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
GDEV
GDEV
Q4 25
$8.7M
Q3 25
$11.8M
Q2 25
$5.3M
$41.6M
Q1 25
$6.5M
Q4 24
$10.3M
Q3 24
$7.2M
Q2 24
$6.9M
$50.8M
Q1 24
$7.1M
Total Debt
BFS
BFS
GDEV
GDEV
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
GDEV
GDEV
Q4 25
$307.8M
Q3 25
$316.6M
Q2 25
$322.4M
$-129.4M
Q1 25
$328.4M
Q4 24
$335.8M
Q3 24
$341.8M
Q2 24
$345.7M
$-118.7M
Q1 24
$347.1M
Total Assets
BFS
BFS
GDEV
GDEV
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
$210.2M
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
$282.8M
Q1 24
$2.0B
Debt / Equity
BFS
BFS
GDEV
GDEV
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
GDEV
GDEV
Operating Cash FlowLast quarter
$99.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
GDEV
GDEV
Q4 25
$99.8M
Q3 25
$20.6M
Q2 25
$26.6M
Q1 25
$30.4M
Q4 24
$121.2M
Q3 24
$26.5M
Q2 24
$32.1M
Q1 24
$33.8M
Free Cash Flow
BFS
BFS
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Q1 24
68.3%
Cash Conversion
BFS
BFS
GDEV
GDEV
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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