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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $41.2M, roughly 1.8× CS Disco, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -20.7%, a 29.3% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs 10.6%). Over the past eight quarters, CS Disco, Inc.'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.
CS Disco, Inc. is a leading legal technology provider that develops cloud-based software solutions for legal practitioners. Its core offerings include e-discovery, document review, case management, and legal workflow automation tools, serving law firms, corporate legal teams, and government legal departments primarily in North America.
BFS vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $41.2M |
| Net Profit | $6.5M | $-8.5M |
| Gross Margin | — | 75.1% |
| Operating Margin | 65.4% | -22.4% |
| Net Margin | 8.7% | -20.7% |
| Revenue YoY | 10.6% | 11.3% |
| Net Profit YoY | -19.6% | 66.3% |
| EPS (diluted) | $0.15 | $-0.13 |
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 | $41.2M | ||
| Q3 25 | $72.0M | $40.9M | ||
| Q2 25 | $70.8M | $38.1M | ||
| Q1 25 | $71.9M | $36.7M | ||
| Q4 24 | $67.9M | $37.0M | ||
| Q3 24 | $67.3M | $36.3M | ||
| Q2 24 | $66.9M | $36.0M | ||
| Q1 24 | $66.7M | $35.6M |
| Q4 25 | $6.5M | $-8.5M | ||
| Q3 25 | $10.5M | $-13.7M | ||
| Q2 25 | $10.7M | $-10.8M | ||
| Q1 25 | $9.8M | $-11.4M | ||
| Q4 24 | $8.1M | $-25.2M | ||
| Q3 24 | $14.5M | $-9.2M | ||
| Q2 24 | $14.4M | $-10.8M | ||
| Q1 24 | $13.6M | $-10.6M |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 75.5% | ||
| Q2 25 | — | 74.6% | ||
| Q1 25 | — | 74.1% | ||
| Q4 24 | — | 74.2% | ||
| Q3 24 | 73.6% | 73.1% | ||
| Q2 24 | 74.2% | 74.2% | ||
| Q1 24 | 72.8% | 75.1% |
| Q4 25 | 65.4% | -22.4% | ||
| Q3 25 | 69.1% | -35.3% | ||
| Q2 25 | 68.7% | -31.0% | ||
| Q1 25 | 66.5% | -34.4% | ||
| Q4 24 | 82.9% | -70.6% | ||
| Q3 24 | 72.8% | -30.0% | ||
| Q2 24 | 75.0% | -34.4% | ||
| Q1 24 | 72.4% | -34.7% |
| Q4 25 | 8.7% | -20.7% | ||
| Q3 25 | 14.6% | -33.4% | ||
| Q2 25 | 15.1% | -28.4% | ||
| Q1 25 | 13.6% | -31.1% | ||
| Q4 24 | 11.9% | -68.1% | ||
| Q3 24 | 21.5% | -25.3% | ||
| Q2 24 | 21.6% | -30.1% | ||
| Q1 24 | 20.4% | -29.7% |
| Q4 25 | $0.15 | $-0.13 | ||
| Q3 25 | $0.32 | $-0.22 | ||
| Q2 25 | $0.33 | $-0.18 | ||
| Q1 25 | $0.29 | $-0.19 | ||
| Q4 24 | $0.22 | $-0.43 | ||
| Q3 24 | $0.48 | $-0.15 | ||
| Q2 24 | $0.48 | $-0.18 | ||
| Q1 24 | $0.45 | $-0.17 |
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 | $114.6M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $128.1M |
| Total Assets | $2.2B | $173.6M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $114.6M | ||
| Q3 25 | $11.8M | $113.5M | ||
| Q2 25 | $5.3M | $114.5M | ||
| Q1 25 | $6.5M | $118.8M | ||
| Q4 24 | $10.3M | $129.1M | ||
| Q3 24 | $7.2M | $126.8M | ||
| Q2 24 | $6.9M | $130.0M | ||
| Q1 24 | $7.1M | $148.7M |
| 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 | $128.1M | ||
| Q3 25 | $316.6M | $130.6M | ||
| Q2 25 | $322.4M | $137.9M | ||
| Q1 25 | $328.4M | $142.2M | ||
| Q4 24 | $335.8M | $147.5M | ||
| Q3 24 | $341.8M | $167.3M | ||
| Q2 24 | $345.7M | $170.9M | ||
| Q1 24 | $347.1M | $193.2M |
| Q4 25 | $2.2B | $173.6M | ||
| Q3 25 | $2.2B | $174.8M | ||
| Q2 25 | $2.1B | $164.9M | ||
| Q1 25 | $2.1B | $168.0M | ||
| Q4 24 | $2.1B | $180.3M | ||
| Q3 24 | $2.1B | $194.4M | ||
| Q2 24 | $2.1B | $198.0M | ||
| Q1 24 | $2.0B | $217.3M |
| 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 | $762.0K |
| Free Cash FlowOCF − Capex | — | $255.0K |
| FCF MarginFCF / Revenue | — | 0.6% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $762.0K | ||
| Q3 25 | $20.6M | $-979.0K | ||
| Q2 25 | $26.6M | $-4.2M | ||
| Q1 25 | $30.4M | $-10.5M | ||
| Q4 24 | $121.2M | $2.1M | ||
| Q3 24 | $26.5M | $-2.9M | ||
| Q2 24 | $32.1M | $-650.0K | ||
| Q1 24 | $33.8M | $-7.3M |
| Q4 25 | — | $255.0K | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | — | $-5.2M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $-28.3M | $-3.7M | ||
| Q2 24 | $-12.5M | $-1.3M | ||
| Q1 24 | $-11.7M | $-8.0M |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | — | -13.6% | ||
| Q1 25 | — | -30.1% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | -42.1% | -10.3% | ||
| Q2 24 | -18.7% | -3.6% | ||
| Q1 24 | -17.6% | -22.5% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 81.5% | 2.4% | ||
| Q2 24 | 66.7% | 1.8% | ||
| Q1 24 | 68.3% | 1.9% |
| 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.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
