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

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $49.6M, roughly 1.5× Golden Matrix Group, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -179.0%, a 187.6% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -15.8%). Over the past eight quarters, Golden Matrix Group, Inc.'s revenue compounded faster (104.6% 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.

Golden Matrix Group Inc. is a global gaming tech firm that develops and licenses proprietary online gaming platforms, social casino products and interactive solutions. It serves B2B gaming operator clients across North America, Europe and Asia-Pacific, plus runs direct-to-consumer casual gaming properties.

BFS vs GMGI — Head-to-Head

Bigger by revenue
BFS
BFS
1.5× larger
BFS
$75.1M
$49.6M
GMGI
Growing faster (revenue YoY)
BFS
BFS
+26.4% gap
BFS
10.6%
-15.8%
GMGI
Higher net margin
BFS
BFS
187.6% more per $
BFS
8.7%
-179.0%
GMGI
Faster 2-yr revenue CAGR
GMGI
GMGI
Annualised
GMGI
104.6%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
GMGI
GMGI
Revenue
$75.1M
$49.6M
Net Profit
$6.5M
$-88.7M
Gross Margin
57.5%
Operating Margin
65.4%
-188.3%
Net Margin
8.7%
-179.0%
Revenue YoY
10.6%
-15.8%
Net Profit YoY
-19.6%
-4880.1%
EPS (diluted)
$0.15
$-7.73

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
GMGI
GMGI
Q4 25
$75.1M
$49.6M
Q3 25
$72.0M
$47.3M
Q2 25
$70.8M
$43.2M
Q1 25
$71.9M
$42.7M
Q4 24
$67.9M
$58.9M
Q3 24
$67.3M
$41.0M
Q2 24
$66.9M
$39.4M
Q1 24
$66.7M
$11.8M
Net Profit
BFS
BFS
GMGI
GMGI
Q4 25
$6.5M
$-88.7M
Q3 25
$10.5M
$566.0K
Q2 25
$10.7M
$-3.6M
Q1 25
$9.8M
$-231.6K
Q4 24
$8.1M
$1.9M
Q3 24
$14.5M
$-3.4M
Q2 24
$14.4M
$64.9K
Q1 24
$13.6M
$74.5K
Gross Margin
BFS
BFS
GMGI
GMGI
Q4 25
57.5%
Q3 25
55.8%
Q2 25
56.4%
Q1 25
56.6%
Q4 24
69.8%
Q3 24
73.6%
54.7%
Q2 24
74.2%
55.0%
Q1 24
72.8%
28.5%
Operating Margin
BFS
BFS
GMGI
GMGI
Q4 25
65.4%
-188.3%
Q3 25
69.1%
-0.8%
Q2 25
68.7%
-5.3%
Q1 25
66.5%
-0.2%
Q4 24
82.9%
5.6%
Q3 24
72.8%
-2.4%
Q2 24
75.0%
0.3%
Q1 24
72.4%
2.4%
Net Margin
BFS
BFS
GMGI
GMGI
Q4 25
8.7%
-179.0%
Q3 25
14.6%
1.2%
Q2 25
15.1%
-8.3%
Q1 25
13.6%
-0.5%
Q4 24
11.9%
3.2%
Q3 24
21.5%
-8.3%
Q2 24
21.6%
0.2%
Q1 24
20.4%
0.6%
EPS (diluted)
BFS
BFS
GMGI
GMGI
Q4 25
$0.15
$-7.73
Q3 25
$0.32
$0.00
Q2 25
$0.33
$-0.03
Q1 25
$0.29
$0.00
Q4 24
$0.22
$-0.13
Q3 24
$0.48
$-0.03
Q2 24
$0.48
$0.00
Q1 24
$0.45
$0.00

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
GMGI
GMGI
Cash + ST InvestmentsLiquidity on hand
$8.7M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$46.5M
Total Assets
$2.2B
$118.1M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
GMGI
GMGI
Q4 25
$8.7M
Q3 25
$11.8M
Q2 25
$5.3M
Q1 25
$6.5M
Q4 24
$10.3M
Q3 24
$7.2M
Q2 24
$6.9M
Q1 24
$7.1M
Total Debt
BFS
BFS
GMGI
GMGI
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
GMGI
GMGI
Q4 25
$307.8M
$46.5M
Q3 25
$316.6M
$123.5M
Q2 25
$322.4M
$121.3M
Q1 25
$328.4M
$108.5M
Q4 24
$335.8M
$105.1M
Q3 24
$341.8M
$94.3M
Q2 24
$345.7M
$90.4M
Q1 24
$347.1M
$32.1M
Total Assets
BFS
BFS
GMGI
GMGI
Q4 25
$2.2B
$118.1M
Q3 25
$2.2B
$209.8M
Q2 25
$2.1B
$210.3M
Q1 25
$2.1B
$214.0M
Q4 24
$2.1B
$213.7M
Q3 24
$2.1B
$213.5M
Q2 24
$2.1B
$191.5M
Q1 24
$2.0B
$37.1M
Debt / Equity
BFS
BFS
GMGI
GMGI
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
GMGI
GMGI
Operating Cash FlowLast quarter
$99.8M
$8.2M
Free Cash FlowOCF − Capex
$6.4M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$19.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
GMGI
GMGI
Q4 25
$99.8M
$8.2M
Q3 25
$20.6M
$7.0M
Q2 25
$26.6M
$2.4M
Q1 25
$30.4M
$7.7M
Q4 24
$121.2M
Q3 24
$26.5M
$4.8M
Q2 24
$32.1M
Q1 24
$33.8M
$8.2K
Free Cash Flow
BFS
BFS
GMGI
GMGI
Q4 25
$6.4M
Q3 25
$6.2M
Q2 25
$-89.4K
Q1 25
$6.6M
Q4 24
Q3 24
$-28.3M
$2.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
$6.7K
FCF Margin
BFS
BFS
GMGI
GMGI
Q4 25
13.0%
Q3 25
13.1%
Q2 25
-0.2%
Q1 25
15.5%
Q4 24
Q3 24
-42.1%
5.6%
Q2 24
-18.7%
Q1 24
-17.6%
0.1%
Capex Intensity
BFS
BFS
GMGI
GMGI
Q4 25
3.6%
Q3 25
1.8%
Q2 25
5.7%
Q1 25
2.6%
Q4 24
Q3 24
81.5%
6.0%
Q2 24
66.7%
Q1 24
68.3%
0.0%
Cash Conversion
BFS
BFS
GMGI
GMGI
Q4 25
15.35×
Q3 25
1.97×
12.42×
Q2 25
2.48×
Q1 25
3.10×
Q4 24
14.98×
Q3 24
1.83×
Q2 24
2.22×
Q1 24
2.48×
0.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

GMGI
GMGI

R Kings And CFAC$43.8M88%
Other$5.8M12%

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