vs

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

HARROW, INC. is the larger business by last-quarter revenue ($89.1M vs $75.1M, roughly 1.2× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 7.4%, a 1.2% gap on every dollar of revenue. On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs 10.6%). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% 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.

Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.

BFS vs HROW — Head-to-Head

Bigger by revenue
HROW
HROW
1.2× larger
HROW
$89.1M
$75.1M
BFS
Growing faster (revenue YoY)
HROW
HROW
+22.7% gap
HROW
33.3%
10.6%
BFS
Higher net margin
BFS
BFS
1.2% more per $
BFS
8.7%
7.4%
HROW
Faster 2-yr revenue CAGR
HROW
HROW
Annualised
HROW
60.5%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
HROW
HROW
Revenue
$75.1M
$89.1M
Net Profit
$6.5M
$6.6M
Gross Margin
79.3%
Operating Margin
65.4%
17.5%
Net Margin
8.7%
7.4%
Revenue YoY
10.6%
33.3%
Net Profit YoY
-19.6%
-2.2%
EPS (diluted)
$0.15
$0.20

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
HROW
HROW
Q4 25
$75.1M
$89.1M
Q3 25
$72.0M
$71.6M
Q2 25
$70.8M
$63.7M
Q1 25
$71.9M
$47.8M
Q4 24
$67.9M
$66.8M
Q3 24
$67.3M
$49.3M
Q2 24
$66.9M
$48.9M
Q1 24
$66.7M
$34.6M
Net Profit
BFS
BFS
HROW
HROW
Q4 25
$6.5M
$6.6M
Q3 25
$10.5M
$1.0M
Q2 25
$10.7M
$5.0M
Q1 25
$9.8M
$-17.8M
Q4 24
$8.1M
$6.8M
Q3 24
$14.5M
$-4.2M
Q2 24
$14.4M
$-6.5M
Q1 24
$13.6M
$-13.6M
Gross Margin
BFS
BFS
HROW
HROW
Q4 25
79.3%
Q3 25
75.3%
Q2 25
74.5%
Q1 25
67.5%
Q4 24
78.8%
Q3 24
73.6%
75.6%
Q2 24
74.2%
74.4%
Q1 24
72.8%
69.5%
Operating Margin
BFS
BFS
HROW
HROW
Q4 25
65.4%
17.5%
Q3 25
69.1%
20.6%
Q2 25
68.7%
17.9%
Q1 25
66.5%
-23.5%
Q4 24
82.9%
19.3%
Q3 24
72.8%
2.7%
Q2 24
75.0%
3.1%
Q1 24
72.4%
-20.0%
Net Margin
BFS
BFS
HROW
HROW
Q4 25
8.7%
7.4%
Q3 25
14.6%
1.4%
Q2 25
15.1%
7.8%
Q1 25
13.6%
-37.2%
Q4 24
11.9%
10.1%
Q3 24
21.5%
-8.6%
Q2 24
21.6%
-13.2%
Q1 24
20.4%
-39.2%
EPS (diluted)
BFS
BFS
HROW
HROW
Q4 25
$0.15
$0.20
Q3 25
$0.32
$0.03
Q2 25
$0.33
$0.13
Q1 25
$0.29
$-0.50
Q4 24
$0.22
$0.19
Q3 24
$0.48
$-0.12
Q2 24
$0.48
$-0.18
Q1 24
$0.45
$-0.38

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
HROW
HROW
Cash + ST InvestmentsLiquidity on hand
$8.7M
$72.9M
Total DebtLower is stronger
$468.4M
$250.0M
Stockholders' EquityBook value
$307.8M
$52.4M
Total Assets
$2.2B
$399.5M
Debt / EquityLower = less leverage
1.52×
4.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
HROW
HROW
Q4 25
$8.7M
$72.9M
Q3 25
$11.8M
$74.3M
Q2 25
$5.3M
$53.0M
Q1 25
$6.5M
$66.7M
Q4 24
$10.3M
$47.2M
Q3 24
$7.2M
$72.6M
Q2 24
$6.9M
$71.0M
Q1 24
$7.1M
$76.0M
Total Debt
BFS
BFS
HROW
HROW
Q4 25
$468.4M
$250.0M
Q3 25
$1.6B
$347.2M
Q2 25
$1.6B
$250.6M
Q1 25
$1.5B
$256.9M
Q4 24
$455.8M
$262.7M
Q3 24
$1.5B
$230.7M
Q2 24
$1.4B
$236.3M
Q1 24
$1.4B
$243.4M
Stockholders' Equity
BFS
BFS
HROW
HROW
Q4 25
$307.8M
$52.4M
Q3 25
$316.6M
$47.0M
Q2 25
$322.4M
$49.7M
Q1 25
$328.4M
$56.5M
Q4 24
$335.8M
$69.7M
Q3 24
$341.8M
$58.0M
Q2 24
$345.7M
$58.5M
Q1 24
$347.1M
$60.6M
Total Assets
BFS
BFS
HROW
HROW
Q4 25
$2.2B
$399.5M
Q3 25
$2.2B
$363.1M
Q2 25
$2.1B
$345.0M
Q1 25
$2.1B
$364.2M
Q4 24
$2.1B
$389.0M
Q3 24
$2.1B
$351.5M
Q2 24
$2.1B
$306.6M
Q1 24
$2.0B
$295.5M
Debt / Equity
BFS
BFS
HROW
HROW
Q4 25
1.52×
4.77×
Q3 25
5.02×
7.39×
Q2 25
4.85×
5.05×
Q1 25
4.70×
4.55×
Q4 24
1.36×
3.77×
Q3 24
4.37×
3.98×
Q2 24
4.17×
4.04×
Q1 24
4.06×
4.02×

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
HROW
HROW
Operating Cash FlowLast quarter
$99.8M
$8.4M
Free Cash FlowOCF − Capex
$8.1M
FCF MarginFCF / Revenue
9.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
15.35×
1.27×
TTM Free Cash FlowTrailing 4 quarters
$43.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
HROW
HROW
Q4 25
$99.8M
$8.4M
Q3 25
$20.6M
$16.6M
Q2 25
$26.6M
$-803.0K
Q1 25
$30.4M
$19.7M
Q4 24
$121.2M
$-17.8M
Q3 24
$26.5M
$3.0M
Q2 24
$32.1M
$-2.7M
Q1 24
$33.8M
$-4.6M
Free Cash Flow
BFS
BFS
HROW
HROW
Q4 25
$8.1M
Q3 25
$16.4M
Q2 25
$-969.0K
Q1 25
$19.5M
Q4 24
$-18.3M
Q3 24
$-28.3M
$2.3M
Q2 24
$-12.5M
$-3.1M
Q1 24
$-11.7M
$-4.7M
FCF Margin
BFS
BFS
HROW
HROW
Q4 25
9.1%
Q3 25
22.9%
Q2 25
-1.5%
Q1 25
40.8%
Q4 24
-27.4%
Q3 24
-42.1%
4.8%
Q2 24
-18.7%
-6.3%
Q1 24
-17.6%
-13.6%
Capex Intensity
BFS
BFS
HROW
HROW
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.4%
Q4 24
0.8%
Q3 24
81.5%
1.2%
Q2 24
66.7%
0.7%
Q1 24
68.3%
0.3%
Cash Conversion
BFS
BFS
HROW
HROW
Q4 25
15.35×
1.27×
Q3 25
1.97×
16.26×
Q2 25
2.48×
-0.16×
Q1 25
3.10×
Q4 24
14.98×
-2.62×
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.

Related Comparisons