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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and IMAX CORP (IMAX). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $75.1M, roughly 1.7× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 0.5%, a 8.1% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 10.6%). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% 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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
BFS vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $125.2M |
| Net Profit | $6.5M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | 65.4% | 19.3% |
| Net Margin | 8.7% | 0.5% |
| Revenue YoY | 10.6% | 35.1% |
| Net Profit YoY | -19.6% | -88.0% |
| 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.
| Q4 25 | $75.1M | $125.2M | ||
| Q3 25 | $72.0M | $106.7M | ||
| Q2 25 | $70.8M | $91.7M | ||
| Q1 25 | $71.9M | $86.7M | ||
| Q4 24 | $67.9M | $92.7M | ||
| Q3 24 | $67.3M | $91.5M | ||
| Q2 24 | $66.9M | $89.0M | ||
| Q1 24 | $66.7M | $79.1M |
| Q4 25 | $6.5M | $637.0K | ||
| Q3 25 | $10.5M | $20.7M | ||
| Q2 25 | $10.7M | $11.3M | ||
| Q1 25 | $9.8M | $2.3M | ||
| Q4 24 | $8.1M | $5.3M | ||
| Q3 24 | $14.5M | $13.9M | ||
| Q2 24 | $14.4M | $3.6M | ||
| Q1 24 | $13.6M | $3.3M |
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | 73.6% | 55.8% | ||
| Q2 24 | 74.2% | 49.4% | ||
| Q1 24 | 72.8% | 59.3% |
| Q4 25 | 65.4% | 19.3% | ||
| Q3 25 | 69.1% | 27.2% | ||
| Q2 25 | 68.7% | 15.6% | ||
| Q1 25 | 66.5% | 19.3% | ||
| Q4 24 | 82.9% | 10.3% | ||
| Q3 24 | 72.8% | 21.2% | ||
| Q2 24 | 75.0% | 3.2% | ||
| Q1 24 | 72.4% | 15.3% |
| Q4 25 | 8.7% | 0.5% | ||
| Q3 25 | 14.6% | 19.4% | ||
| Q2 25 | 15.1% | 12.3% | ||
| Q1 25 | 13.6% | 2.7% | ||
| Q4 24 | 11.9% | 5.7% | ||
| Q3 24 | 21.5% | 15.2% | ||
| Q2 24 | 21.6% | 4.0% | ||
| Q1 24 | 20.4% | 4.1% |
| Q4 25 | $0.15 | $0.02 | ||
| Q3 25 | $0.32 | $0.37 | ||
| Q2 25 | $0.33 | $0.20 | ||
| Q1 25 | $0.29 | $0.04 | ||
| Q4 24 | $0.22 | $0.09 | ||
| Q3 24 | $0.48 | $0.26 | ||
| Q2 24 | $0.48 | $0.07 | ||
| Q1 24 | $0.45 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.7M | $151.2M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $337.9M |
| Total Assets | $2.2B | $894.0M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $151.2M | ||
| Q3 25 | $11.8M | $143.1M | ||
| Q2 25 | $5.3M | $109.3M | ||
| Q1 25 | $6.5M | $97.1M | ||
| Q4 24 | $10.3M | $100.6M | ||
| Q3 24 | $7.2M | $104.5M | ||
| Q2 24 | $6.9M | $91.6M | ||
| Q1 24 | $7.1M | $81.0M |
| 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 | — |
| Q4 25 | $307.8M | $337.9M | ||
| Q3 25 | $316.6M | $349.5M | ||
| Q2 25 | $322.4M | $320.4M | ||
| Q1 25 | $328.4M | $299.5M | ||
| Q4 24 | $335.8M | $299.5M | ||
| Q3 24 | $341.8M | $289.4M | ||
| Q2 24 | $345.7M | $267.2M | ||
| Q1 24 | $347.1M | $258.8M |
| Q4 25 | $2.2B | $894.0M | ||
| Q3 25 | $2.2B | $889.6M | ||
| Q2 25 | $2.1B | $868.6M | ||
| Q1 25 | $2.1B | $848.3M | ||
| Q4 24 | $2.1B | $830.4M | ||
| Q3 24 | $2.1B | $847.6M | ||
| Q2 24 | $2.1B | $827.4M | ||
| Q1 24 | $2.0B | $824.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $99.8M | $29.4M |
| Free Cash FlowOCF − Capex | — | $28.0M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 15.35× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $29.4M | ||
| Q3 25 | $20.6M | $67.5M | ||
| Q2 25 | $26.6M | $23.2M | ||
| Q1 25 | $30.4M | $7.0M | ||
| Q4 24 | $121.2M | $11.5M | ||
| Q3 24 | $26.5M | $35.3M | ||
| Q2 24 | $32.1M | $35.0M | ||
| Q1 24 | $33.8M | $-11.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $20.9M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | $-28.3M | $34.2M | ||
| Q2 24 | $-12.5M | $33.5M | ||
| Q1 24 | $-11.7M | $-12.1M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 60.7% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | -42.1% | 37.3% | ||
| Q2 24 | -18.7% | 37.6% | ||
| Q1 24 | -17.6% | -15.3% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 81.5% | 1.2% | ||
| Q2 24 | 66.7% | 1.8% | ||
| Q1 24 | 68.3% | 1.4% |
| Q4 25 | 15.35× | 46.11× | ||
| Q3 25 | 1.97× | 3.27× | ||
| Q2 25 | 2.48× | 2.06× | ||
| Q1 25 | 3.10× | 2.99× | ||
| Q4 24 | 14.98× | 2.16× | ||
| Q3 24 | 1.83× | 2.54× | ||
| Q2 24 | 2.22× | 9.78× | ||
| Q1 24 | 2.48× | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
