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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $55.4M, roughly 1.4× Lifeway Foods, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 4.6%, a 4.1% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 10.6%). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% 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.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
BFS vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $55.4M |
| Net Profit | $6.5M | $2.5M |
| Gross Margin | — | 27.8% |
| Operating Margin | 65.4% | 6.8% |
| Net Margin | 8.7% | 4.6% |
| Revenue YoY | 10.6% | 18.0% |
| Net Profit YoY | -19.6% | 1688.1% |
| EPS (diluted) | $0.15 | $0.15 |
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 | $55.4M | ||
| Q3 25 | $72.0M | $57.1M | ||
| Q2 25 | $70.8M | $53.9M | ||
| Q1 25 | $71.9M | $46.1M | ||
| Q4 24 | $67.9M | $46.9M | ||
| Q3 24 | $67.3M | $46.1M | ||
| Q2 24 | $66.9M | $49.2M | ||
| Q1 24 | $66.7M | $44.6M |
| Q4 25 | $6.5M | $2.5M | ||
| Q3 25 | $10.5M | $3.5M | ||
| Q2 25 | $10.7M | $4.2M | ||
| Q1 25 | $9.8M | $3.5M | ||
| Q4 24 | $8.1M | $-160.0K | ||
| Q3 24 | $14.5M | $3.0M | ||
| Q2 24 | $14.4M | $3.8M | ||
| Q1 24 | $13.6M | $2.4M |
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 23.9% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 73.6% | 25.7% | ||
| Q2 24 | 74.2% | 27.0% | ||
| Q1 24 | 72.8% | 25.8% |
| Q4 25 | 65.4% | 6.8% | ||
| Q3 25 | 69.1% | 8.8% | ||
| Q2 25 | 68.7% | 10.8% | ||
| Q1 25 | 66.5% | 3.4% | ||
| Q4 24 | 82.9% | 1.5% | ||
| Q3 24 | 72.8% | 9.1% | ||
| Q2 24 | 75.0% | 11.0% | ||
| Q1 24 | 72.4% | 8.0% |
| Q4 25 | 8.7% | 4.6% | ||
| Q3 25 | 14.6% | 6.2% | ||
| Q2 25 | 15.1% | 7.9% | ||
| Q1 25 | 13.6% | 7.7% | ||
| Q4 24 | 11.9% | -0.3% | ||
| Q3 24 | 21.5% | 6.5% | ||
| Q2 24 | 21.6% | 7.7% | ||
| Q1 24 | 20.4% | 5.4% |
| Q4 25 | $0.15 | $0.15 | ||
| Q3 25 | $0.32 | $0.23 | ||
| Q2 25 | $0.33 | $0.28 | ||
| Q1 25 | $0.29 | $0.23 | ||
| Q4 24 | $0.22 | $0.00 | ||
| Q3 24 | $0.48 | $0.19 | ||
| Q2 24 | $0.48 | $0.25 | ||
| Q1 24 | $0.45 | $0.16 |
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 | $5.6M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $85.8M |
| Total Assets | $2.2B | $105.6M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $5.6M | ||
| Q3 25 | $11.8M | $23.0M | ||
| Q2 25 | $5.3M | $21.2M | ||
| Q1 25 | $6.5M | $19.4M | ||
| Q4 24 | $10.3M | $16.7M | ||
| Q3 24 | $7.2M | $20.6M | ||
| Q2 24 | $6.9M | $14.6M | ||
| Q1 24 | $7.1M | $12.0M |
| 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 | $2.5M |
| Q4 25 | $307.8M | $85.8M | ||
| Q3 25 | $316.6M | $82.8M | ||
| Q2 25 | $322.4M | $78.7M | ||
| Q1 25 | $328.4M | $74.2M | ||
| Q4 24 | $335.8M | $71.9M | ||
| Q3 24 | $341.8M | $71.5M | ||
| Q2 24 | $345.7M | $68.0M | ||
| Q1 24 | $347.1M | $63.5M |
| Q4 25 | $2.2B | $105.6M | ||
| Q3 25 | $2.2B | $109.5M | ||
| Q2 25 | $2.1B | $98.3M | ||
| Q1 25 | $2.1B | $93.7M | ||
| Q4 24 | $2.1B | $90.5M | ||
| Q3 24 | $2.1B | $91.3M | ||
| Q2 24 | $2.1B | $84.9M | ||
| Q1 24 | $2.0B | $82.8M |
| 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× | 0.04× |
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 | $267.0K |
| Free Cash FlowOCF − Capex | — | $-17.4M |
| FCF MarginFCF / Revenue | — | -31.5% |
| Capex IntensityCapex / Revenue | — | 31.9% |
| Cash ConversionOCF / Net Profit | 15.35× | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $267.0K | ||
| Q3 25 | $20.6M | $6.9M | ||
| Q2 25 | $26.6M | $3.9M | ||
| Q1 25 | $30.4M | $-150.0K | ||
| Q4 24 | $121.2M | $-2.6M | ||
| Q3 24 | $26.5M | $7.5M | ||
| Q2 24 | $32.1M | $6.5M | ||
| Q1 24 | $33.8M | $1.5M |
| Q4 25 | — | $-17.4M | ||
| Q3 25 | — | $1.8M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | $-28.3M | $5.9M | ||
| Q2 24 | $-12.5M | $5.1M | ||
| Q1 24 | $-11.7M | $-923.0K |
| Q4 25 | — | -31.5% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | -5.1% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | -42.1% | 12.8% | ||
| Q2 24 | -18.7% | 10.4% | ||
| Q1 24 | -17.6% | -2.1% |
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 81.5% | 3.3% | ||
| Q2 24 | 66.7% | 2.9% | ||
| Q1 24 | 68.3% | 5.5% |
| Q4 25 | 15.35× | 0.11× | ||
| Q3 25 | 1.97× | 1.96× | ||
| Q2 25 | 2.48× | 0.92× | ||
| Q1 25 | 3.10× | -0.04× | ||
| Q4 24 | 14.98× | — | ||
| Q3 24 | 1.83× | 2.50× | ||
| Q2 24 | 2.22× | 1.73× | ||
| Q1 24 | 2.48× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
