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

Honest Company, Inc. is the larger business by last-quarter revenue ($88.0M vs $75.1M, roughly 1.2× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -26.8%, a 35.4% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -11.8%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 1.0%).

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.

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...

BFS vs HNST — Head-to-Head

Bigger by revenue
HNST
HNST
1.2× larger
HNST
$88.0M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+22.5% gap
BFS
10.6%
-11.8%
HNST
Higher net margin
BFS
BFS
35.4% more per $
BFS
8.7%
-26.8%
HNST
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
1.0%
HNST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
HNST
HNST
Revenue
$75.1M
$88.0M
Net Profit
$6.5M
$-23.6M
Gross Margin
15.7%
Operating Margin
65.4%
-27.5%
Net Margin
8.7%
-26.8%
Revenue YoY
10.6%
-11.8%
Net Profit YoY
-19.6%
-2813.2%
EPS (diluted)
$0.15
$-0.21

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
HNST
HNST
Q4 25
$75.1M
$88.0M
Q3 25
$72.0M
$92.6M
Q2 25
$70.8M
$93.5M
Q1 25
$71.9M
$97.3M
Q4 24
$67.9M
$99.8M
Q3 24
$67.3M
$99.2M
Q2 24
$66.9M
$93.0M
Q1 24
$66.7M
$86.2M
Net Profit
BFS
BFS
HNST
HNST
Q4 25
$6.5M
$-23.6M
Q3 25
$10.5M
$758.0K
Q2 25
$10.7M
$3.9M
Q1 25
$9.8M
$3.3M
Q4 24
$8.1M
$-809.0K
Q3 24
$14.5M
$165.0K
Q2 24
$14.4M
$-4.1M
Q1 24
$13.6M
$-1.4M
Gross Margin
BFS
BFS
HNST
HNST
Q4 25
15.7%
Q3 25
37.3%
Q2 25
40.4%
Q1 25
38.7%
Q4 24
38.8%
Q3 24
73.6%
38.7%
Q2 24
74.2%
38.3%
Q1 24
72.8%
37.0%
Operating Margin
BFS
BFS
HNST
HNST
Q4 25
65.4%
-27.5%
Q3 25
69.1%
0.3%
Q2 25
68.7%
3.1%
Q1 25
66.5%
2.6%
Q4 24
82.9%
-1.0%
Q3 24
72.8%
0.1%
Q2 24
75.0%
-4.3%
Q1 24
72.4%
-1.5%
Net Margin
BFS
BFS
HNST
HNST
Q4 25
8.7%
-26.8%
Q3 25
14.6%
0.8%
Q2 25
15.1%
4.1%
Q1 25
13.6%
3.3%
Q4 24
11.9%
-0.8%
Q3 24
21.5%
0.2%
Q2 24
21.6%
-4.4%
Q1 24
20.4%
-1.6%
EPS (diluted)
BFS
BFS
HNST
HNST
Q4 25
$0.15
$-0.21
Q3 25
$0.32
$0.01
Q2 25
$0.33
$0.03
Q1 25
$0.29
$0.03
Q4 24
$0.22
$-0.01
Q3 24
$0.48
$0.00
Q2 24
$0.48
$-0.04
Q1 24
$0.45
$-0.01

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
HNST
HNST
Cash + ST InvestmentsLiquidity on hand
$8.7M
$89.6M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$169.7M
Total Assets
$2.2B
$225.4M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
HNST
HNST
Q4 25
$8.7M
$89.6M
Q3 25
$11.8M
$71.5M
Q2 25
$5.3M
$72.1M
Q1 25
$6.5M
$72.8M
Q4 24
$10.3M
$75.4M
Q3 24
$7.2M
$53.4M
Q2 24
$6.9M
$36.6M
Q1 24
$7.1M
$33.6M
Total Debt
BFS
BFS
HNST
HNST
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
HNST
HNST
Q4 25
$307.8M
$169.7M
Q3 25
$316.6M
$190.2M
Q2 25
$322.4M
$187.0M
Q1 25
$328.4M
$180.4M
Q4 24
$335.8M
$174.3M
Q3 24
$341.8M
$133.9M
Q2 24
$345.7M
$129.7M
Q1 24
$347.1M
$124.8M
Total Assets
BFS
BFS
HNST
HNST
Q4 25
$2.2B
$225.4M
Q3 25
$2.2B
$241.5M
Q2 25
$2.1B
$249.0M
Q1 25
$2.1B
$265.3M
Q4 24
$2.1B
$247.4M
Q3 24
$2.1B
$209.2M
Q2 24
$2.1B
$200.2M
Q1 24
$2.0B
$198.1M
Debt / Equity
BFS
BFS
HNST
HNST
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
HNST
HNST
Operating Cash FlowLast quarter
$99.8M
$19.3M
Free Cash FlowOCF − Capex
$18.1M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
HNST
HNST
Q4 25
$99.8M
$19.3M
Q3 25
$20.6M
$-504.0K
Q2 25
$26.6M
$-745.0K
Q1 25
$30.4M
$-2.9M
Q4 24
$121.2M
$-16.8M
Q3 24
$26.5M
$15.1M
Q2 24
$32.1M
$2.9M
Q1 24
$33.8M
$336.0K
Free Cash Flow
BFS
BFS
HNST
HNST
Q4 25
$18.1M
Q3 25
$-624.0K
Q2 25
$-826.0K
Q1 25
$-3.0M
Q4 24
$-17.2M
Q3 24
$-28.3M
$15.0M
Q2 24
$-12.5M
$2.9M
Q1 24
$-11.7M
$260.0K
FCF Margin
BFS
BFS
HNST
HNST
Q4 25
20.5%
Q3 25
-0.7%
Q2 25
-0.9%
Q1 25
-3.1%
Q4 24
-17.2%
Q3 24
-42.1%
15.1%
Q2 24
-18.7%
3.1%
Q1 24
-17.6%
0.3%
Capex Intensity
BFS
BFS
HNST
HNST
Q4 25
1.4%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
81.5%
0.1%
Q2 24
66.7%
0.0%
Q1 24
68.3%
0.1%
Cash Conversion
BFS
BFS
HNST
HNST
Q4 25
15.35×
Q3 25
1.97×
-0.66×
Q2 25
2.48×
-0.19×
Q1 25
3.10×
-0.90×
Q4 24
14.98×
Q3 24
1.83×
91.42×
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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