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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and LIQUIDITY SERVICES INC (LQDT). Click either name above to swap in a different company.
LIQUIDITY SERVICES INC is the larger business by last-quarter revenue ($121.2M vs $75.1M, roughly 1.6× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 6.2%, a 2.5% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -0.9%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (15.1% 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.
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
BFS vs LQDT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $121.2M |
| Net Profit | $6.5M | $7.5M |
| Gross Margin | — | 47.0% |
| Operating Margin | 65.4% | 7.7% |
| Net Margin | 8.7% | 6.2% |
| Revenue YoY | 10.6% | -0.9% |
| Net Profit YoY | -19.6% | 28.9% |
| EPS (diluted) | $0.15 | $0.23 |
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 | $121.2M | ||
| Q3 25 | $72.0M | $118.1M | ||
| Q2 25 | $70.8M | $119.9M | ||
| Q1 25 | $71.9M | $116.4M | ||
| Q4 24 | $67.9M | $122.3M | ||
| Q3 24 | $67.3M | $106.9M | ||
| Q2 24 | $66.9M | $93.6M | ||
| Q1 24 | $66.7M | $91.5M |
| Q4 25 | $6.5M | $7.5M | ||
| Q3 25 | $10.5M | $7.8M | ||
| Q2 25 | $10.7M | $7.4M | ||
| Q1 25 | $9.8M | $7.1M | ||
| Q4 24 | $8.1M | $5.8M | ||
| Q3 24 | $14.5M | $6.4M | ||
| Q2 24 | $14.4M | $6.0M | ||
| Q1 24 | $13.6M | $5.7M |
| Q4 25 | — | 47.0% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 45.7% | ||
| Q1 25 | — | 40.8% | ||
| Q4 24 | — | 41.0% | ||
| Q3 24 | 73.6% | 45.6% | ||
| Q2 24 | 74.2% | 52.8% | ||
| Q1 24 | 72.8% | 51.6% |
| Q4 25 | 65.4% | 7.7% | ||
| Q3 25 | 69.1% | 9.3% | ||
| Q2 25 | 68.7% | 8.5% | ||
| Q1 25 | 66.5% | 5.8% | ||
| Q4 24 | 82.9% | 5.8% | ||
| Q3 24 | 72.8% | 6.8% | ||
| Q2 24 | 75.0% | 8.4% | ||
| Q1 24 | 72.4% | 7.2% |
| Q4 25 | 8.7% | 6.2% | ||
| Q3 25 | 14.6% | 6.6% | ||
| Q2 25 | 15.1% | 6.2% | ||
| Q1 25 | 13.6% | 6.1% | ||
| Q4 24 | 11.9% | 4.7% | ||
| Q3 24 | 21.5% | 6.0% | ||
| Q2 24 | 21.6% | 6.4% | ||
| Q1 24 | 20.4% | 6.2% |
| Q4 25 | $0.15 | $0.23 | ||
| Q3 25 | $0.32 | $0.24 | ||
| Q2 25 | $0.33 | $0.23 | ||
| Q1 25 | $0.29 | $0.22 | ||
| Q4 24 | $0.22 | $0.18 | ||
| Q3 24 | $0.48 | $0.20 | ||
| Q2 24 | $0.48 | $0.19 | ||
| Q1 24 | $0.45 | $0.18 |
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 | $11.6M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $215.3M |
| Total Assets | $2.2B | $369.1M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $11.6M | ||
| Q3 25 | $11.8M | $11.2M | ||
| Q2 25 | $5.3M | $11.4M | ||
| Q1 25 | $6.5M | $10.5M | ||
| Q4 24 | $10.3M | $10.4M | ||
| Q3 24 | $7.2M | $2.3M | ||
| Q2 24 | $6.9M | $6.5M | ||
| Q1 24 | $7.1M | $8.4M |
| 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 | $215.3M | ||
| Q3 25 | $316.6M | $203.2M | ||
| Q2 25 | $322.4M | $208.7M | ||
| Q1 25 | $328.4M | $196.3M | ||
| Q4 24 | $335.8M | $189.2M | ||
| Q3 24 | $341.8M | $182.6M | ||
| Q2 24 | $345.7M | $172.0M | ||
| Q1 24 | $347.1M | $163.9M |
| Q4 25 | $2.2B | $369.1M | ||
| Q3 25 | $2.2B | $375.1M | ||
| Q2 25 | $2.1B | $372.4M | ||
| Q1 25 | $2.1B | $358.8M | ||
| Q4 24 | $2.1B | $333.2M | ||
| Q3 24 | $2.1B | $346.9M | ||
| Q2 24 | $2.1B | $325.5M | ||
| Q1 24 | $2.0B | $303.7M |
| 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 | $-526.0K |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | 15.35× | -0.07× |
| TTM Free Cash FlowTrailing 4 quarters | — | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-526.0K | ||
| Q3 25 | $20.6M | $38.0M | ||
| Q2 25 | $26.6M | $19.3M | ||
| Q1 25 | $30.4M | $21.6M | ||
| Q4 24 | $121.2M | $-12.1M | ||
| Q3 24 | $26.5M | $22.0M | ||
| Q2 24 | $32.1M | $22.2M | ||
| Q1 24 | $33.8M | $34.8M |
| Q4 25 | — | $-2.8M | ||
| Q3 25 | — | $36.0M | ||
| Q2 25 | — | $17.2M | ||
| Q1 25 | — | $19.8M | ||
| Q4 24 | — | $-14.0M | ||
| Q3 24 | $-28.3M | $19.2M | ||
| Q2 24 | $-12.5M | $20.3M | ||
| Q1 24 | $-11.7M | $32.5M |
| Q4 25 | — | -2.3% | ||
| Q3 25 | — | 30.5% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | -11.4% | ||
| Q3 24 | -42.1% | 17.9% | ||
| Q2 24 | -18.7% | 21.7% | ||
| Q1 24 | -17.6% | 35.5% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 81.5% | 2.7% | ||
| Q2 24 | 66.7% | 2.1% | ||
| Q1 24 | 68.3% | 2.6% |
| Q4 25 | 15.35× | -0.07× | ||
| Q3 25 | 1.97× | 4.86× | ||
| Q2 25 | 2.48× | 2.60× | ||
| Q1 25 | 3.10× | 3.07× | ||
| Q4 24 | 14.98× | -2.09× | ||
| Q3 24 | 1.83× | 3.45× | ||
| Q2 24 | 2.22× | 3.71× | ||
| Q1 24 | 2.48× | 6.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
LQDT
| RSCG | $82.0M | 68% |
| Gov Deals | $22.3M | 18% |
| CAG | $11.5M | 9% |
| Machinio And Software Solutions Corporation | $5.5M | 5% |
