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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $75.1M, roughly 1.8× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -3.2%, a 11.9% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 10.6%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
BFS vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $134.3M |
| Net Profit | $6.5M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 65.4% | -4.1% |
| Net Margin | 8.7% | -3.2% |
| Revenue YoY | 10.6% | 10.7% |
| Net Profit YoY | -19.6% | -127.3% |
| EPS (diluted) | $0.15 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $72.0M | $144.3M | ||
| Q2 25 | $70.8M | $132.3M | ||
| Q1 25 | $71.9M | $135.6M | ||
| Q4 24 | $67.9M | $121.3M | ||
| Q3 24 | $67.3M | $135.4M | ||
| Q2 24 | $66.9M | $163.6M | ||
| Q1 24 | $66.7M | $161.3M |
| Q4 25 | $6.5M | $-4.4M | ||
| Q3 25 | $10.5M | $-2.7M | ||
| Q2 25 | $10.7M | $-1.1M | ||
| Q1 25 | $9.8M | $20.0K | ||
| Q4 24 | $8.1M | $16.0M | ||
| Q3 24 | $14.5M | $3.0M | ||
| Q2 24 | $14.4M | $3.8M | ||
| Q1 24 | $13.6M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | 73.6% | 12.6% | ||
| Q2 24 | 74.2% | 13.6% | ||
| Q1 24 | 72.8% | 13.0% |
| Q4 25 | 65.4% | -4.1% | ||
| Q3 25 | 69.1% | 0.0% | ||
| Q2 25 | 68.7% | 0.1% | ||
| Q1 25 | 66.5% | 1.2% | ||
| Q4 24 | 82.9% | 19.0% | ||
| Q3 24 | 72.8% | 4.2% | ||
| Q2 24 | 75.0% | 5.0% | ||
| Q1 24 | 72.4% | 4.7% |
| Q4 25 | 8.7% | -3.2% | ||
| Q3 25 | 14.6% | -1.9% | ||
| Q2 25 | 15.1% | -0.8% | ||
| Q1 25 | 13.6% | 0.0% | ||
| Q4 24 | 11.9% | 13.2% | ||
| Q3 24 | 21.5% | 2.2% | ||
| Q2 24 | 21.6% | 2.3% | ||
| Q1 24 | 20.4% | 2.0% |
| Q4 25 | $0.15 | $-0.22 | ||
| Q3 25 | $0.32 | $-0.13 | ||
| Q2 25 | $0.33 | $-0.05 | ||
| Q1 25 | $0.29 | $0.00 | ||
| Q4 24 | $0.22 | $0.76 | ||
| Q3 24 | $0.48 | $0.14 | ||
| Q2 24 | $0.48 | $0.18 | ||
| 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 | $1.5M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $240.7M |
| Total Assets | $2.2B | $563.6M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $1.5M | ||
| Q3 25 | $11.8M | $1.2M | ||
| Q2 25 | $5.3M | $206.0K | ||
| Q1 25 | $6.5M | $183.0K | ||
| Q4 24 | $10.3M | $206.0K | ||
| Q3 24 | $7.2M | $178.0K | ||
| Q2 24 | $6.9M | $314.0K | ||
| Q1 24 | $7.1M | $314.0K |
| 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 | $240.7M | ||
| Q3 25 | $316.6M | $244.8M | ||
| Q2 25 | $322.4M | $246.8M | ||
| Q1 25 | $328.4M | $250.0M | ||
| Q4 24 | $335.8M | $251.8M | ||
| Q3 24 | $341.8M | $238.4M | ||
| Q2 24 | $345.7M | $238.1M | ||
| Q1 24 | $347.1M | $234.0M |
| Q4 25 | $2.2B | $563.6M | ||
| Q3 25 | $2.2B | $585.6M | ||
| Q2 25 | $2.1B | $433.7M | ||
| Q1 25 | $2.1B | $447.7M | ||
| Q4 24 | $2.1B | $445.6M | ||
| Q3 24 | $2.1B | $466.0M | ||
| Q2 24 | $2.1B | $488.2M | ||
| Q1 24 | $2.0B | $499.9M |
| 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 | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $13.4M | ||
| Q3 25 | $20.6M | $1.9M | ||
| Q2 25 | $26.6M | $15.0M | ||
| Q1 25 | $30.4M | $8.3M | ||
| Q4 24 | $121.2M | $38.0M | ||
| Q3 24 | $26.5M | $17.9M | ||
| Q2 24 | $32.1M | $23.3M | ||
| Q1 24 | $33.8M | $10.6M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | $-28.3M | $15.1M | ||
| Q2 24 | $-12.5M | $19.2M | ||
| Q1 24 | $-11.7M | $7.8M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | -42.1% | 11.1% | ||
| Q2 24 | -18.7% | 11.7% | ||
| Q1 24 | -17.6% | 4.9% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 81.5% | 2.1% | ||
| Q2 24 | 66.7% | 2.5% | ||
| Q1 24 | 68.3% | 1.7% |
| Q4 25 | 15.35× | — | ||
| Q3 25 | 1.97× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 3.10× | 416.65× | ||
| Q4 24 | 14.98× | 2.38× | ||
| Q3 24 | 1.83× | 6.03× | ||
| Q2 24 | 2.22× | 6.15× | ||
| Q1 24 | 2.48× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
