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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.
InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $75.1M, roughly 1.0× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 3.4%, a 5.2% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs 8.6%). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% 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.
InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.
BFS vs IVT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $77.4M |
| Net Profit | $6.5M | $2.7M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | -11.0% |
| Net Margin | 8.7% | 3.4% |
| Revenue YoY | 10.6% | 8.6% |
| Net Profit YoY | -19.6% | -72.8% |
| 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 | $77.4M | ||
| Q3 25 | $72.0M | $74.5M | ||
| Q2 25 | $70.8M | $73.6M | ||
| Q1 25 | $71.9M | $73.8M | ||
| Q4 24 | $67.9M | $71.2M | ||
| Q3 24 | $67.3M | $68.5M | ||
| Q2 24 | $66.9M | $67.4M | ||
| Q1 24 | $66.7M | $66.8M |
| Q4 25 | $6.5M | $2.7M | ||
| Q3 25 | $10.5M | $6.0M | ||
| Q2 25 | $10.7M | $95.9M | ||
| Q1 25 | $9.8M | $6.8M | ||
| Q4 24 | $8.1M | $9.8M | ||
| Q3 24 | $14.5M | $-539.0K | ||
| Q2 24 | $14.4M | $1.5M | ||
| Q1 24 | $13.6M | $2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 73.6% | — | ||
| Q2 24 | 74.2% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | 65.4% | -11.0% | ||
| Q3 25 | 69.1% | -9.8% | ||
| Q2 25 | 68.7% | — | ||
| Q1 25 | 66.5% | -10.5% | ||
| Q4 24 | 82.9% | -3.6% | ||
| Q3 24 | 72.8% | -18.7% | ||
| Q2 24 | 75.0% | -13.6% | ||
| Q1 24 | 72.4% | -13.1% |
| Q4 25 | 8.7% | 3.4% | ||
| Q3 25 | 14.6% | 8.1% | ||
| Q2 25 | 15.1% | 130.4% | ||
| Q1 25 | 13.6% | 9.2% | ||
| Q4 24 | 11.9% | 13.8% | ||
| Q3 24 | 21.5% | -0.8% | ||
| Q2 24 | 21.6% | 2.2% | ||
| Q1 24 | 20.4% | 4.3% |
| Q4 25 | $0.15 | $0.02 | ||
| Q3 25 | $0.32 | $0.08 | ||
| Q2 25 | $0.33 | $1.23 | ||
| Q1 25 | $0.29 | $0.09 | ||
| Q4 24 | $0.22 | $0.14 | ||
| Q3 24 | $0.48 | $-0.01 | ||
| Q2 24 | $0.48 | $0.02 | ||
| Q1 24 | $0.45 | $0.04 |
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 | — |
| Total DebtLower is stronger | $468.4M | $825.9M |
| Stockholders' EquityBook value | $307.8M | $1.8B |
| Total Assets | $2.2B | $2.8B |
| Debt / EquityLower = less leverage | 1.52× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | — | ||
| Q3 25 | $11.8M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $6.5M | — | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $7.1M | — |
| Q4 25 | $468.4M | $825.9M | ||
| Q3 25 | $1.6B | $764.6M | ||
| Q2 25 | $1.6B | $746.3M | ||
| Q1 25 | $1.5B | $740.7M | ||
| Q4 24 | $455.8M | $740.4M | ||
| Q3 24 | $1.5B | $740.1M | ||
| Q2 24 | $1.4B | $812.2M | ||
| Q1 24 | $1.4B | $827.5M |
| Q4 25 | $307.8M | $1.8B | ||
| Q3 25 | $316.6M | $1.8B | ||
| Q2 25 | $322.4M | $1.8B | ||
| Q1 25 | $328.4M | $1.7B | ||
| Q4 24 | $335.8M | $1.8B | ||
| Q3 24 | $341.8M | $1.8B | ||
| Q2 24 | $345.7M | $1.5B | ||
| Q1 24 | $347.1M | $1.5B |
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.1B | $2.7B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.1B | $2.6B | ||
| Q3 24 | $2.1B | $2.6B | ||
| Q2 24 | $2.1B | $2.5B | ||
| Q1 24 | $2.0B | $2.5B |
| Q4 25 | 1.52× | 0.46× | ||
| Q3 25 | 5.02× | 0.42× | ||
| Q2 25 | 4.85× | 0.41× | ||
| Q1 25 | 4.70× | 0.42× | ||
| Q4 24 | 1.36× | 0.42× | ||
| Q3 24 | 4.37× | 0.42× | ||
| Q2 24 | 4.17× | 0.53× | ||
| Q1 24 | 4.06× | 0.53× |
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 | $155.4M |
| Free Cash FlowOCF − Capex | — | $110.9M |
| FCF MarginFCF / Revenue | — | 143.3% |
| Capex IntensityCapex / Revenue | — | 57.5% |
| Cash ConversionOCF / Net Profit | 15.35× | 58.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $193.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $155.4M | ||
| Q3 25 | $20.6M | $43.8M | ||
| Q2 25 | $26.6M | $48.7M | ||
| Q1 25 | $30.4M | $20.2M | ||
| Q4 24 | $121.2M | $136.9M | ||
| Q3 24 | $26.5M | $38.4M | ||
| Q2 24 | $32.1M | $46.7M | ||
| Q1 24 | $33.8M | $14.8M |
| Q4 25 | — | $110.9M | ||
| Q3 25 | — | $31.4M | ||
| Q2 25 | — | $38.0M | ||
| Q1 25 | — | $12.8M | ||
| Q4 24 | — | $100.8M | ||
| Q3 24 | $-28.3M | $29.3M | ||
| Q2 24 | $-12.5M | $37.2M | ||
| Q1 24 | $-11.7M | $7.7M |
| Q4 25 | — | 143.3% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 51.6% | ||
| Q1 25 | — | 17.4% | ||
| Q4 24 | — | 141.5% | ||
| Q3 24 | -42.1% | 42.8% | ||
| Q2 24 | -18.7% | 55.2% | ||
| Q1 24 | -17.6% | 11.5% |
| Q4 25 | — | 57.5% | ||
| Q3 25 | — | 16.7% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | 81.5% | 13.3% | ||
| Q2 24 | 66.7% | 14.0% | ||
| Q1 24 | 68.3% | 10.6% |
| Q4 25 | 15.35× | 58.41× | ||
| Q3 25 | 1.97× | 7.27× | ||
| Q2 25 | 2.48× | 0.51× | ||
| Q1 25 | 3.10× | 2.97× | ||
| Q4 24 | 14.98× | 13.97× | ||
| Q3 24 | 1.83× | — | ||
| Q2 24 | 2.22× | 31.15× | ||
| Q1 24 | 2.48× | 5.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
