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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $58.0M, roughly 1.3× indie Semiconductor, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -53.8%, a 62.5% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -0.0%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 5.3%).
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.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
BFS vs INDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $58.0M |
| Net Profit | $6.5M | $-31.2M |
| Gross Margin | — | 37.3% |
| Operating Margin | 65.4% | -58.5% |
| Net Margin | 8.7% | -53.8% |
| Revenue YoY | 10.6% | -0.0% |
| Net Profit YoY | -19.6% | 9.1% |
| EPS (diluted) | $0.15 | $-0.16 |
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 | $58.0M | ||
| Q3 25 | $72.0M | $53.7M | ||
| Q2 25 | $70.8M | $51.6M | ||
| Q1 25 | $71.9M | $54.1M | ||
| Q4 24 | $67.9M | $58.0M | ||
| Q3 24 | $67.3M | $54.0M | ||
| Q2 24 | $66.9M | $52.4M | ||
| Q1 24 | $66.7M | $52.4M |
| Q4 25 | $6.5M | $-31.2M | ||
| Q3 25 | $10.5M | $-38.3M | ||
| Q2 25 | $10.7M | $-39.0M | ||
| Q1 25 | $9.8M | $-34.5M | ||
| Q4 24 | $8.1M | $-34.4M | ||
| Q3 24 | $14.5M | $-49.7M | ||
| Q2 24 | $14.4M | $-19.2M | ||
| Q1 24 | $13.6M | $-31.2M |
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 40.1% | ||
| Q2 25 | — | 40.6% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | 73.6% | 39.3% | ||
| Q2 24 | 74.2% | 42.2% | ||
| Q1 24 | 72.8% | 42.5% |
| Q4 25 | 65.4% | -58.5% | ||
| Q3 25 | 69.1% | -71.4% | ||
| Q2 25 | 68.7% | -83.3% | ||
| Q1 25 | 66.5% | -72.0% | ||
| Q4 24 | 82.9% | -58.4% | ||
| Q3 24 | 72.8% | -92.5% | ||
| Q2 24 | 75.0% | -70.0% | ||
| Q1 24 | 72.4% | -94.8% |
| Q4 25 | 8.7% | -53.8% | ||
| Q3 25 | 14.6% | -71.3% | ||
| Q2 25 | 15.1% | -75.6% | ||
| Q1 25 | 13.6% | -63.9% | ||
| Q4 24 | 11.9% | -59.2% | ||
| Q3 24 | 21.5% | -92.1% | ||
| Q2 24 | 21.6% | -36.6% | ||
| Q1 24 | 20.4% | -59.6% |
| Q4 25 | $0.15 | $-0.16 | ||
| Q3 25 | $0.32 | $-0.19 | ||
| Q2 25 | $0.33 | $-0.20 | ||
| Q1 25 | $0.29 | $-0.18 | ||
| Q4 24 | $0.22 | $-0.18 | ||
| Q3 24 | $0.48 | $-0.28 | ||
| Q2 24 | $0.48 | $-0.11 | ||
| Q1 24 | $0.45 | $-0.19 |
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 | $145.5M |
| Total DebtLower is stronger | $468.4M | $353.4M |
| Stockholders' EquityBook value | $307.8M | $358.0M |
| Total Assets | $2.2B | $840.8M |
| Debt / EquityLower = less leverage | 1.52× | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $145.5M | ||
| Q3 25 | $11.8M | $160.9M | ||
| Q2 25 | $5.3M | $192.6M | ||
| Q1 25 | $6.5M | $236.6M | ||
| Q4 24 | $10.3M | $274.2M | ||
| Q3 24 | $7.2M | $96.9M | ||
| Q2 24 | $6.9M | $112.3M | ||
| Q1 24 | $7.1M | $138.2M |
| Q4 25 | $468.4M | $353.4M | ||
| Q3 25 | $1.6B | $353.5M | ||
| Q2 25 | $1.6B | $352.5M | ||
| Q1 25 | $1.5B | $379.0M | ||
| Q4 24 | $455.8M | $381.3M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | $358.0M | ||
| Q3 25 | $316.6M | $369.2M | ||
| Q2 25 | $322.4M | $390.4M | ||
| Q1 25 | $328.4M | $405.6M | ||
| Q4 24 | $335.8M | $417.9M | ||
| Q3 24 | $341.8M | $458.6M | ||
| Q2 24 | $345.7M | $470.7M | ||
| Q1 24 | $347.1M | $432.9M |
| Q4 25 | $2.2B | $840.8M | ||
| Q3 25 | $2.2B | $855.1M | ||
| Q2 25 | $2.1B | $867.6M | ||
| Q1 25 | $2.1B | $909.0M | ||
| Q4 24 | $2.1B | $941.4M | ||
| Q3 24 | $2.1B | $797.5M | ||
| Q2 24 | $2.1B | $797.3M | ||
| Q1 24 | $2.0B | $803.6M |
| Q4 25 | 1.52× | 0.99× | ||
| Q3 25 | 5.02× | 0.96× | ||
| Q2 25 | 4.85× | 0.90× | ||
| Q1 25 | 4.70× | 0.93× | ||
| Q4 24 | 1.36× | 0.91× | ||
| 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 | $-14.4M |
| Free Cash FlowOCF − Capex | — | $-16.1M |
| FCF MarginFCF / Revenue | — | -27.8% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-14.4M | ||
| Q3 25 | $20.6M | $-6.2M | ||
| Q2 25 | $26.6M | $-7.6M | ||
| Q1 25 | $30.4M | $-29.0M | ||
| Q4 24 | $121.2M | $-6.7M | ||
| Q3 24 | $26.5M | $-22.8M | ||
| Q2 24 | $32.1M | $-19.7M | ||
| Q1 24 | $33.8M | $-9.3M |
| Q4 25 | — | $-16.1M | ||
| Q3 25 | — | $-10.3M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $-31.4M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $-28.3M | $-29.3M | ||
| Q2 24 | $-12.5M | $-23.4M | ||
| Q1 24 | $-11.7M | $-11.7M |
| Q4 25 | — | -27.8% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | -26.4% | ||
| Q1 25 | — | -58.0% | ||
| Q4 24 | — | -14.8% | ||
| Q3 24 | -42.1% | -54.3% | ||
| Q2 24 | -18.7% | -44.7% | ||
| Q1 24 | -17.6% | -22.3% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 81.5% | 12.1% | ||
| Q2 24 | 66.7% | 7.0% | ||
| Q1 24 | 68.3% | 4.4% |
| Q4 25 | 15.35× | — | ||
| Q3 25 | 1.97× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 3.10× | — | ||
| Q4 24 | 14.98× | — | ||
| 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.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
