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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $52.7M, roughly 1.4× i3 Verticals, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 0.9%, a 7.7% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -14.6%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -4.7%).

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 Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

BFS vs IIIV — Head-to-Head

Bigger by revenue
BFS
BFS
1.4× larger
BFS
$75.1M
$52.7M
IIIV
Growing faster (revenue YoY)
BFS
BFS
+25.3% gap
BFS
10.6%
-14.6%
IIIV
Higher net margin
BFS
BFS
7.7% more per $
BFS
8.7%
0.9%
IIIV
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-4.7%
IIIV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFS
BFS
IIIV
IIIV
Revenue
$75.1M
$52.7M
Net Profit
$6.5M
$484.0K
Gross Margin
Operating Margin
65.4%
3.1%
Net Margin
8.7%
0.9%
Revenue YoY
10.6%
-14.6%
Net Profit YoY
-19.6%
-76.5%
EPS (diluted)
$0.15
$0.02

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
IIIV
IIIV
Q4 25
$75.1M
$52.7M
Q3 25
$72.0M
$46.0M
Q2 25
$70.8M
$51.9M
Q1 25
$71.9M
$63.1M
Q4 24
$67.9M
$52.2M
Q3 24
$67.3M
$32.0M
Q2 24
$66.9M
$46.2M
Q1 24
$66.7M
$58.0M
Net Profit
BFS
BFS
IIIV
IIIV
Q4 25
$6.5M
$484.0K
Q3 25
$10.5M
$3.1M
Q2 25
$10.7M
$12.9M
Q1 25
$9.8M
$-154.0K
Q4 24
$8.1M
$2.1M
Q3 24
$14.5M
$117.9M
Q2 24
$14.4M
$-7.5M
Q1 24
$13.6M
$1.9M
Gross Margin
BFS
BFS
IIIV
IIIV
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
IIIV
IIIV
Q4 25
65.4%
3.1%
Q3 25
69.1%
3.2%
Q2 25
68.7%
-9.3%
Q1 25
66.5%
8.0%
Q4 24
82.9%
3.9%
Q3 24
72.8%
10.6%
Q2 24
75.0%
-2.8%
Q1 24
72.4%
3.4%
Net Margin
BFS
BFS
IIIV
IIIV
Q4 25
8.7%
0.9%
Q3 25
14.6%
6.7%
Q2 25
15.1%
24.8%
Q1 25
13.6%
-0.2%
Q4 24
11.9%
3.9%
Q3 24
21.5%
368.2%
Q2 24
21.6%
-16.3%
Q1 24
20.4%
3.2%
EPS (diluted)
BFS
BFS
IIIV
IIIV
Q4 25
$0.15
$0.02
Q3 25
$0.32
$0.14
Q2 25
$0.33
$0.50
Q1 25
$0.29
$0.00
Q4 24
$0.22
$0.08
Q3 24
$0.48
$4.93
Q2 24
$0.48
$-0.32
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
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$8.7M
$37.5M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$358.5M
Total Assets
$2.2B
$595.9M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
IIIV
IIIV
Q4 25
$8.7M
$37.5M
Q3 25
$11.8M
$66.7M
Q2 25
$5.3M
$55.5M
Q1 25
$6.5M
$7.7M
Q4 24
$10.3M
$85.6M
Q3 24
$7.2M
$86.5M
Q2 24
$6.9M
$9.7M
Q1 24
$7.1M
$3.1M
Total Debt
BFS
BFS
IIIV
IIIV
Q4 25
$468.4M
Q3 25
$1.6B
$0
Q2 25
$1.6B
$0
Q1 25
$1.5B
$12.0M
Q4 24
$455.8M
$26.2M
Q3 24
$1.5B
$26.2M
Q2 24
$1.4B
$374.1M
Q1 24
$1.4B
$369.6M
Stockholders' Equity
BFS
BFS
IIIV
IIIV
Q4 25
$307.8M
$358.5M
Q3 25
$316.6M
$389.6M
Q2 25
$322.4M
$383.3M
Q1 25
$328.4M
$385.2M
Q4 24
$335.8M
$375.0M
Q3 24
$341.8M
$379.7M
Q2 24
$345.7M
$249.7M
Q1 24
$347.1M
$249.3M
Total Assets
BFS
BFS
IIIV
IIIV
Q4 25
$2.2B
$595.9M
Q3 25
$2.2B
$638.4M
Q2 25
$2.1B
$623.3M
Q1 25
$2.1B
$646.4M
Q4 24
$2.1B
$726.2M
Q3 24
$2.1B
$730.7M
Q2 24
$2.1B
$861.7M
Q1 24
$2.0B
$625.8M
Debt / Equity
BFS
BFS
IIIV
IIIV
Q4 25
1.52×
Q3 25
5.02×
0.00×
Q2 25
4.85×
0.00×
Q1 25
4.70×
0.03×
Q4 24
1.36×
0.07×
Q3 24
4.37×
0.07×
Q2 24
4.17×
1.50×
Q1 24
4.06×
1.48×

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
IIIV
IIIV
Operating Cash FlowLast quarter
$99.8M
$14.1M
Free Cash FlowOCF − Capex
$13.8M
FCF MarginFCF / Revenue
26.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
15.35×
29.18×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
IIIV
IIIV
Q4 25
$99.8M
$14.1M
Q3 25
$20.6M
$14.0M
Q2 25
$26.6M
$7.4M
Q1 25
$30.4M
$-27.1M
Q4 24
$121.2M
$11.5M
Q3 24
$26.5M
$15.1M
Q2 24
$32.1M
$8.1M
Q1 24
$33.8M
$10.7M
Free Cash Flow
BFS
BFS
IIIV
IIIV
Q4 25
$13.8M
Q3 25
$13.5M
Q2 25
$6.8M
Q1 25
$-27.6M
Q4 24
$11.0M
Q3 24
$-28.3M
$14.6M
Q2 24
$-12.5M
$7.2M
Q1 24
$-11.7M
$9.9M
FCF Margin
BFS
BFS
IIIV
IIIV
Q4 25
26.2%
Q3 25
29.5%
Q2 25
13.1%
Q1 25
-43.8%
Q4 24
21.1%
Q3 24
-42.1%
45.6%
Q2 24
-18.7%
15.6%
Q1 24
-17.6%
17.1%
Capex Intensity
BFS
BFS
IIIV
IIIV
Q4 25
0.6%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.9%
Q3 24
81.5%
1.7%
Q2 24
66.7%
1.9%
Q1 24
68.3%
1.4%
Cash Conversion
BFS
BFS
IIIV
IIIV
Q4 25
15.35×
29.18×
Q3 25
1.97×
4.52×
Q2 25
2.48×
0.57×
Q1 25
3.10×
Q4 24
14.98×
5.59×
Q3 24
1.83×
0.13×
Q2 24
2.22×
Q1 24
2.48×
5.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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