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

DORIAN LPG LTD. is the larger business by last-quarter revenue ($120.0M vs $75.1M, roughly 1.6× SAUL CENTERS, INC.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs 8.7%, a 30.7% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs 10.6%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -7.9%).

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.

Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.

BFS vs LPG — Head-to-Head

Bigger by revenue
LPG
LPG
1.6× larger
LPG
$120.0M
$75.1M
BFS
Growing faster (revenue YoY)
LPG
LPG
+38.1% gap
LPG
48.7%
10.6%
BFS
Higher net margin
LPG
LPG
30.7% more per $
LPG
39.3%
8.7%
BFS
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-7.9%
LPG

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BFS
BFS
LPG
LPG
Revenue
$75.1M
$120.0M
Net Profit
$6.5M
$47.2M
Gross Margin
Operating Margin
65.4%
42.8%
Net Margin
8.7%
39.3%
Revenue YoY
10.6%
48.7%
Net Profit YoY
-19.6%
120.9%
EPS (diluted)
$0.15
$1.11

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
LPG
LPG
Q4 25
$75.1M
$120.0M
Q3 25
$72.0M
$124.1M
Q2 25
$70.8M
$84.2M
Q1 25
$71.9M
$75.9M
Q4 24
$67.9M
$80.7M
Q3 24
$67.3M
$82.4M
Q2 24
$66.9M
$114.4M
Q1 24
$66.7M
$141.4M
Net Profit
BFS
BFS
LPG
LPG
Q4 25
$6.5M
$47.2M
Q3 25
$10.5M
$55.4M
Q2 25
$10.7M
$10.1M
Q1 25
$9.8M
$8.1M
Q4 24
$8.1M
$21.4M
Q3 24
$14.5M
$9.4M
Q2 24
$14.4M
$51.3M
Q1 24
$13.6M
$79.2M
Gross Margin
BFS
BFS
LPG
LPG
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
LPG
LPG
Q4 25
65.4%
42.8%
Q3 25
69.1%
47.8%
Q2 25
68.7%
18.5%
Q1 25
66.5%
19.4%
Q4 24
82.9%
29.0%
Q3 24
72.8%
23.2%
Q2 24
75.0%
48.5%
Q1 24
72.4%
58.3%
Net Margin
BFS
BFS
LPG
LPG
Q4 25
8.7%
39.3%
Q3 25
14.6%
44.6%
Q2 25
15.1%
12.0%
Q1 25
13.6%
10.7%
Q4 24
11.9%
26.5%
Q3 24
21.5%
11.4%
Q2 24
21.6%
44.9%
Q1 24
20.4%
56.0%
EPS (diluted)
BFS
BFS
LPG
LPG
Q4 25
$0.15
$1.11
Q3 25
$0.32
$1.30
Q2 25
$0.33
$0.24
Q1 25
$0.29
$0.17
Q4 24
$0.22
$0.50
Q3 24
$0.48
$0.22
Q2 24
$0.48
$1.25
Q1 24
$0.45
$1.96

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
LPG
LPG
Cash + ST InvestmentsLiquidity on hand
$8.7M
$294.5M
Total DebtLower is stronger
$468.4M
$513.2M
Stockholders' EquityBook value
$307.8M
$1.1B
Total Assets
$2.2B
$1.8B
Debt / EquityLower = less leverage
1.52×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
LPG
LPG
Q4 25
$8.7M
$294.5M
Q3 25
$11.8M
$268.3M
Q2 25
$5.3M
$277.9M
Q1 25
$6.5M
$316.9M
Q4 24
$10.3M
$314.5M
Q3 24
$7.2M
$348.6M
Q2 24
$6.9M
$353.3M
Q1 24
$7.1M
$282.5M
Total Debt
BFS
BFS
LPG
LPG
Q4 25
$468.4M
$513.2M
Q3 25
$1.6B
$526.4M
Q2 25
$1.6B
$539.6M
Q1 25
$1.5B
$553.3M
Q4 24
$455.8M
$565.9M
Q3 24
$1.5B
$579.0M
Q2 24
$1.4B
$592.1M
Q1 24
$1.4B
$605.1M
Stockholders' Equity
BFS
BFS
LPG
LPG
Q4 25
$307.8M
$1.1B
Q3 25
$316.6M
$1.1B
Q2 25
$322.4M
$1.0B
Q1 25
$328.4M
$1.0B
Q4 24
$335.8M
$1.1B
Q3 24
$341.8M
$1.1B
Q2 24
$345.7M
$1.1B
Q1 24
$347.1M
$1.0B
Total Assets
BFS
BFS
LPG
LPG
Q4 25
$2.2B
$1.8B
Q3 25
$2.2B
$1.8B
Q2 25
$2.1B
$1.7B
Q1 25
$2.1B
$1.8B
Q4 24
$2.1B
$1.8B
Q3 24
$2.1B
$1.9B
Q2 24
$2.1B
$1.9B
Q1 24
$2.0B
$1.8B
Debt / Equity
BFS
BFS
LPG
LPG
Q4 25
1.52×
0.47×
Q3 25
5.02×
0.49×
Q2 25
4.85×
0.52×
Q1 25
4.70×
0.53×
Q4 24
1.36×
0.53×
Q3 24
4.37×
0.53×
Q2 24
4.17×
0.53×
Q1 24
4.06×
0.59×

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
LPG
LPG
Operating Cash FlowLast quarter
$99.8M
$80.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
1.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
LPG
LPG
Q4 25
$99.8M
$80.8M
Q3 25
$20.6M
$46.4M
Q2 25
$26.6M
$814.5K
Q1 25
$30.4M
$50.2M
Q4 24
$121.2M
$24.3M
Q3 24
$26.5M
$57.3M
Q2 24
$32.1M
$41.2M
Q1 24
$33.8M
$154.2M
Free Cash Flow
BFS
BFS
LPG
LPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
LPG
LPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
LPG
LPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Q1 24
68.3%
Cash Conversion
BFS
BFS
LPG
LPG
Q4 25
15.35×
1.71×
Q3 25
1.97×
0.84×
Q2 25
2.48×
0.08×
Q1 25
3.10×
6.20×
Q4 24
14.98×
1.14×
Q3 24
1.83×
6.08×
Q2 24
2.22×
0.80×
Q1 24
2.48×
1.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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