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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and LXP Industrial Trust (LXP). Click either name above to swap in a different company.
LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $75.1M, roughly 1.2× SAUL CENTERS, INC.). LXP Industrial Trust runs the higher net margin — 33.2% vs 8.7%, a 24.5% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -14.0%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 0.3%).
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.
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
BFS vs LXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $86.7M |
| Net Profit | $6.5M | $28.8M |
| Gross Margin | — | 81.5% |
| Operating Margin | 65.4% | 34.6% |
| Net Margin | 8.7% | 33.2% |
| Revenue YoY | 10.6% | -14.0% |
| Net Profit YoY | -19.6% | — |
| EPS (diluted) | $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 | $86.7M | ||
| Q3 25 | $72.0M | $86.9M | ||
| Q2 25 | $70.8M | $87.7M | ||
| Q1 25 | $71.9M | $88.9M | ||
| Q4 24 | $67.9M | $100.9M | ||
| Q3 24 | $67.3M | $85.6M | ||
| Q2 24 | $66.9M | $85.8M | ||
| Q1 24 | $66.7M | $86.3M |
| Q4 25 | $6.5M | $28.8M | ||
| Q3 25 | $10.5M | $36.3M | ||
| Q2 25 | $10.7M | $29.1M | ||
| Q1 25 | $9.8M | $19.0M | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $14.5M | $6.3M | ||
| Q2 24 | $14.4M | $5.4M | ||
| Q1 24 | $13.6M | $-269.0K |
| Q4 25 | — | 81.5% | ||
| Q3 25 | — | 82.3% | ||
| Q2 25 | — | 81.9% | ||
| Q1 25 | — | 80.7% | ||
| Q4 24 | — | 85.3% | ||
| Q3 24 | 73.6% | 82.5% | ||
| Q2 24 | 74.2% | 82.0% | ||
| Q1 24 | 72.8% | 82.4% |
| Q4 25 | 65.4% | 34.6% | ||
| Q3 25 | 69.1% | 50.4% | ||
| Q2 25 | 68.7% | 33.7% | ||
| Q1 25 | 66.5% | 21.8% | ||
| Q4 24 | 82.9% | — | ||
| Q3 24 | 72.8% | 7.9% | ||
| Q2 24 | 75.0% | 6.9% | ||
| Q1 24 | 72.4% | 1.0% |
| Q4 25 | 8.7% | 33.2% | ||
| Q3 25 | 14.6% | 41.7% | ||
| Q2 25 | 15.1% | 33.2% | ||
| Q1 25 | 13.6% | 21.4% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.5% | 7.4% | ||
| Q2 24 | 21.6% | 6.3% | ||
| Q1 24 | 20.4% | -0.3% |
| Q4 25 | $0.15 | — | ||
| Q3 25 | $0.32 | $0.12 | ||
| Q2 25 | $0.33 | $0.09 | ||
| Q1 25 | $0.29 | $0.06 | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.48 | $0.02 | ||
| Q2 24 | $0.48 | $0.01 | ||
| Q1 24 | $0.45 | $-0.01 |
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 | $170.4M |
| Total DebtLower is stronger | $468.4M | $1.4B |
| Stockholders' EquityBook value | $307.8M | $2.0B |
| Total Assets | $2.2B | $3.5B |
| Debt / EquityLower = less leverage | 1.52× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $170.4M | ||
| Q3 25 | $11.8M | $229.7M | ||
| Q2 25 | $5.3M | $71.0M | ||
| Q1 25 | $6.5M | $70.9M | ||
| Q4 24 | $10.3M | $101.8M | ||
| Q3 24 | $7.2M | $55.0M | ||
| Q2 24 | $6.9M | $48.7M | ||
| Q1 24 | $7.1M | $293.8M |
| Q4 25 | $468.4M | $1.4B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $455.8M | $1.6B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | $2.0B | ||
| Q3 25 | $316.6M | $2.1B | ||
| Q2 25 | $322.4M | $2.1B | ||
| Q1 25 | $328.4M | $2.1B | ||
| Q4 24 | $335.8M | $2.1B | ||
| Q3 24 | $341.8M | $2.1B | ||
| Q2 24 | $345.7M | $2.1B | ||
| Q1 24 | $347.1M | $2.2B |
| Q4 25 | $2.2B | $3.5B | ||
| Q3 25 | $2.2B | $3.7B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | $2.1B | $3.8B | ||
| Q3 24 | $2.1B | $3.9B | ||
| Q2 24 | $2.1B | $3.9B | ||
| Q1 24 | $2.0B | $4.2B |
| Q4 25 | 1.52× | 0.66× | ||
| Q3 25 | 5.02× | 0.72× | ||
| Q2 25 | 4.85× | 0.72× | ||
| Q1 25 | 4.70× | 0.73× | ||
| Q4 24 | 1.36× | 0.75× | ||
| 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 | $188.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 15.35× | 6.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $188.7M | ||
| Q3 25 | $20.6M | $63.5M | ||
| Q2 25 | $26.6M | $44.3M | ||
| Q1 25 | $30.4M | $39.0M | ||
| Q4 24 | $121.2M | $211.2M | ||
| Q3 24 | $26.5M | $64.6M | ||
| Q2 24 | $32.1M | $38.5M | ||
| Q1 24 | $33.8M | $38.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | — | ||
| Q2 24 | 66.7% | — | ||
| Q1 24 | 68.3% | — |
| Q4 25 | 15.35× | 6.56× | ||
| Q3 25 | 1.97× | 1.75× | ||
| Q2 25 | 2.48× | 1.52× | ||
| Q1 25 | 3.10× | 2.05× | ||
| Q4 24 | 14.98× | — | ||
| Q3 24 | 1.83× | 10.18× | ||
| Q2 24 | 2.22× | 7.09× | ||
| Q1 24 | 2.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
