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

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $47.7M, roughly 1.6× IRONWOOD PHARMACEUTICALS INC). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -4.8%, a 13.4% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -47.3%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

BFS vs IRWD — Head-to-Head

Bigger by revenue
BFS
BFS
1.6× larger
BFS
$75.1M
$47.7M
IRWD
Growing faster (revenue YoY)
BFS
BFS
+57.9% gap
BFS
10.6%
-47.3%
IRWD
Higher net margin
BFS
BFS
13.4% more per $
BFS
8.7%
-4.8%
IRWD
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
IRWD
IRWD
Revenue
$75.1M
$47.7M
Net Profit
$6.5M
$-2.3M
Gross Margin
Operating Margin
65.4%
14.3%
Net Margin
8.7%
-4.8%
Revenue YoY
10.6%
-47.3%
Net Profit YoY
-19.6%
-200.9%
EPS (diluted)
$0.15
$0.01

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
IRWD
IRWD
Q4 25
$75.1M
$47.7M
Q3 25
$72.0M
$122.1M
Q2 25
$70.8M
$85.2M
Q1 25
$71.9M
$41.1M
Q4 24
$67.9M
$90.5M
Q3 24
$67.3M
$91.6M
Q2 24
$66.9M
$94.4M
Q1 24
$66.7M
$74.9M
Net Profit
BFS
BFS
IRWD
IRWD
Q4 25
$6.5M
$-2.3M
Q3 25
$10.5M
$40.1M
Q2 25
$10.7M
$23.6M
Q1 25
$9.8M
$-37.4M
Q4 24
$8.1M
$2.3M
Q3 24
$14.5M
$3.6M
Q2 24
$14.4M
$-860.0K
Q1 24
$13.6M
$-4.2M
Gross Margin
BFS
BFS
IRWD
IRWD
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
IRWD
IRWD
Q4 25
65.4%
14.3%
Q3 25
69.1%
61.8%
Q2 25
68.7%
53.2%
Q1 25
66.5%
-70.7%
Q4 24
82.9%
34.8%
Q3 24
72.8%
28.0%
Q2 24
75.0%
26.5%
Q1 24
72.4%
14.7%
Net Margin
BFS
BFS
IRWD
IRWD
Q4 25
8.7%
-4.8%
Q3 25
14.6%
32.8%
Q2 25
15.1%
27.7%
Q1 25
13.6%
-90.9%
Q4 24
11.9%
2.5%
Q3 24
21.5%
4.0%
Q2 24
21.6%
-0.9%
Q1 24
20.4%
-5.6%
EPS (diluted)
BFS
BFS
IRWD
IRWD
Q4 25
$0.15
$0.01
Q3 25
$0.32
$0.23
Q2 25
$0.33
$0.14
Q1 25
$0.29
$-0.23
Q4 24
$0.22
$0.03
Q3 24
$0.48
$0.02
Q2 24
$0.48
$-0.01
Q1 24
$0.45
$-0.03

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$8.7M
$215.5M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$-261.8M
Total Assets
$2.2B
$396.9M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
IRWD
IRWD
Q4 25
$8.7M
$215.5M
Q3 25
$11.8M
$140.4M
Q2 25
$5.3M
$92.9M
Q1 25
$6.5M
$108.5M
Q4 24
$10.3M
$88.6M
Q3 24
$7.2M
$88.2M
Q2 24
$6.9M
$105.5M
Q1 24
$7.1M
$121.5M
Total Debt
BFS
BFS
IRWD
IRWD
Q4 25
$468.4M
Q3 25
$1.6B
$199.5M
Q2 25
$1.6B
$199.3M
Q1 25
$1.5B
$199.2M
Q4 24
$455.8M
$199.0M
Q3 24
$1.5B
$198.8M
Q2 24
$1.4B
$198.6M
Q1 24
$1.4B
$398.3M
Stockholders' Equity
BFS
BFS
IRWD
IRWD
Q4 25
$307.8M
$-261.8M
Q3 25
$316.6M
$-264.2M
Q2 25
$322.4M
$-308.2M
Q1 25
$328.4M
$-334.1M
Q4 24
$335.8M
$-301.3M
Q3 24
$341.8M
$-311.3M
Q2 24
$345.7M
$-321.7M
Q1 24
$347.1M
$-330.5M
Total Assets
BFS
BFS
IRWD
IRWD
Q4 25
$2.2B
$396.9M
Q3 25
$2.2B
$396.1M
Q2 25
$2.1B
$342.9M
Q1 25
$2.1B
$327.2M
Q4 24
$2.1B
$350.9M
Q3 24
$2.1B
$389.5M
Q2 24
$2.1B
$395.6M
Q1 24
$2.0B
$438.8M
Debt / Equity
BFS
BFS
IRWD
IRWD
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
IRWD
IRWD
Operating Cash FlowLast quarter
$99.8M
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
IRWD
IRWD
Q4 25
$99.8M
$74.6M
Q3 25
$20.6M
$47.6M
Q2 25
$26.6M
$-15.1M
Q1 25
$30.4M
$20.0M
Q4 24
$121.2M
$15.2M
Q3 24
$26.5M
$9.9M
Q2 24
$32.1M
$33.5M
Q1 24
$33.8M
$45.0M
Free Cash Flow
BFS
BFS
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$-28.3M
$9.9M
Q2 24
$-12.5M
$33.4M
Q1 24
$-11.7M
$44.9M
FCF Margin
BFS
BFS
IRWD
IRWD
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
-42.1%
10.8%
Q2 24
-18.7%
35.4%
Q1 24
-17.6%
60.0%
Capex Intensity
BFS
BFS
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
81.5%
0.0%
Q2 24
66.7%
0.1%
Q1 24
68.3%
0.1%
Cash Conversion
BFS
BFS
IRWD
IRWD
Q4 25
15.35×
Q3 25
1.97×
1.19×
Q2 25
2.48×
-0.64×
Q1 25
3.10×
Q4 24
14.98×
6.74×
Q3 24
1.83×
2.71×
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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