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

LSI INDUSTRIES INC is the larger business by last-quarter revenue ($143.9M vs $75.1M, roughly 1.9× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 1.4%, a 7.3% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -4.4%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 2.1%).

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.

LSI Logic Corporation was an American ASIC and EDA company founded in Santa Clara, California. The company designed and sold semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.

BFS vs LYTS — Head-to-Head

Bigger by revenue
LYTS
LYTS
1.9× larger
LYTS
$143.9M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+15.0% gap
BFS
10.6%
-4.4%
LYTS
Higher net margin
BFS
BFS
7.3% more per $
BFS
8.7%
1.4%
LYTS
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
2.1%
LYTS

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
BFS
BFS
LYTS
LYTS
Revenue
$75.1M
$143.9M
Net Profit
$6.5M
$2.0M
Gross Margin
Operating Margin
65.4%
Net Margin
8.7%
1.4%
Revenue YoY
10.6%
-4.4%
Net Profit YoY
-19.6%
-4.8%
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.

Revenue
BFS
BFS
LYTS
LYTS
Q3 26
$143.9M
Q1 26
$143.9M
Q4 25
$75.1M
$147.0M
Q3 25
$72.0M
$157.2M
Q2 25
$70.8M
$155.1M
Q1 25
$71.9M
$132.5M
Q4 24
$67.9M
$147.7M
Q3 24
$67.3M
$138.1M
Net Profit
BFS
BFS
LYTS
LYTS
Q3 26
$2.0M
Q1 26
$2.0M
Q4 25
$6.5M
$6.3M
Q3 25
$10.5M
$7.3M
Q2 25
$10.7M
$8.2M
Q1 25
$9.8M
$3.9M
Q4 24
$8.1M
$5.6M
Q3 24
$14.5M
$6.7M
Gross Margin
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
25.5%
Q3 25
25.6%
Q2 25
26.1%
Q1 25
24.8%
Q4 24
23.6%
Q3 24
73.6%
24.4%
Operating Margin
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
65.4%
6.0%
Q3 25
69.1%
7.0%
Q2 25
68.7%
7.7%
Q1 25
66.5%
4.7%
Q4 24
82.9%
5.7%
Q3 24
72.8%
6.6%
Net Margin
BFS
BFS
LYTS
LYTS
Q3 26
1.4%
Q1 26
1.4%
Q4 25
8.7%
4.3%
Q3 25
14.6%
4.6%
Q2 25
15.1%
5.3%
Q1 25
13.6%
2.9%
Q4 24
11.9%
3.8%
Q3 24
21.5%
4.8%
EPS (diluted)
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$0.15
$0.20
Q3 25
$0.32
$0.23
Q2 25
$0.33
$0.26
Q1 25
$0.29
$0.13
Q4 24
$0.22
$0.18
Q3 24
$0.48
$0.22

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
LYTS
LYTS
Cash + ST InvestmentsLiquidity on hand
$8.7M
Total DebtLower is stronger
$468.4M
$261.0M
Stockholders' EquityBook value
$307.8M
$352.8M
Total Assets
$2.2B
$800.5M
Debt / EquityLower = less leverage
1.52×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$8.7M
$6.4M
Q3 25
$11.8M
$7.1M
Q2 25
$5.3M
$3.5M
Q1 25
$6.5M
$4.3M
Q4 24
$10.3M
$4.7M
Q3 24
$7.2M
$7.0M
Total Debt
BFS
BFS
LYTS
LYTS
Q3 26
$261.0M
Q1 26
$261.0M
Q4 25
$468.4M
$27.9M
Q3 25
$1.6B
$50.7M
Q2 25
$1.6B
$48.6M
Q1 25
$1.5B
$55.4M
Q4 24
$455.8M
$38.2M
Q3 24
$1.5B
$47.7M
Stockholders' Equity
BFS
BFS
LYTS
LYTS
Q3 26
$352.8M
Q1 26
$352.8M
Q4 25
$307.8M
$248.1M
Q3 25
$316.6M
$241.3M
Q2 25
$322.4M
$230.7M
Q1 25
$328.4M
$221.7M
Q4 24
$335.8M
$217.1M
Q3 24
$341.8M
$211.2M
Total Assets
BFS
BFS
LYTS
LYTS
Q3 26
$800.5M
Q1 26
$800.5M
Q4 25
$2.2B
$396.3M
Q3 25
$2.2B
$404.9M
Q2 25
$2.1B
$396.4M
Q1 25
$2.1B
$384.6M
Q4 24
$2.1B
$344.5M
Q3 24
$2.1B
$349.5M
Debt / Equity
BFS
BFS
LYTS
LYTS
Q3 26
0.74×
Q1 26
0.74×
Q4 25
1.52×
0.11×
Q3 25
5.02×
0.21×
Q2 25
4.85×
0.21×
Q1 25
4.70×
0.25×
Q4 24
1.36×
0.18×
Q3 24
4.37×
0.23×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$99.8M
$25.0M
Q3 25
$20.6M
$676.0K
Q2 25
$26.6M
$9.5M
Q1 25
$30.4M
$6.9M
Q4 24
$121.2M
$9.9M
Q3 24
$26.5M
$11.8M
Free Cash Flow
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
$23.3M
Q3 25
$-291.0K
Q2 25
$8.5M
Q1 25
$6.2M
Q4 24
$8.8M
Q3 24
$-28.3M
$11.1M
FCF Margin
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
15.8%
Q3 25
-0.2%
Q2 25
5.5%
Q1 25
4.7%
Q4 24
6.0%
Q3 24
-42.1%
8.0%
Capex Intensity
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
1.1%
Q3 25
0.6%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
0.7%
Q3 24
81.5%
0.5%
Cash Conversion
BFS
BFS
LYTS
LYTS
Q3 26
Q1 26
Q4 25
15.35×
3.94×
Q3 25
1.97×
0.09×
Q2 25
2.48×
1.16×
Q1 25
3.10×
1.77×
Q4 24
14.98×
1.75×
Q3 24
1.83×
1.77×

Financial Flow Comparison

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

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