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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.

Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $75.1M, roughly 1.6× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -11.0%, a 19.7% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -27.7%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -22.7%).

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.

Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.

BFS vs METC — Head-to-Head

Bigger by revenue
METC
METC
1.6× larger
METC
$121.0M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+38.4% gap
BFS
10.6%
-27.7%
METC
Higher net margin
BFS
BFS
19.7% more per $
BFS
8.7%
-11.0%
METC
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-22.7%
METC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BFS
BFS
METC
METC
Revenue
$75.1M
$121.0M
Net Profit
$6.5M
$-13.3M
Gross Margin
15.8%
Operating Margin
65.4%
-12.0%
Net Margin
8.7%
-11.0%
Revenue YoY
10.6%
-27.7%
Net Profit YoY
-19.6%
-5468.2%
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
METC
METC
Q4 25
$75.1M
Q3 25
$72.0M
$121.0M
Q2 25
$70.8M
$153.0M
Q1 25
$71.9M
$134.7M
Q4 24
$67.9M
$170.9M
Q3 24
$67.3M
$167.4M
Q2 24
$66.9M
$155.3M
Q1 24
$66.7M
$172.7M
Net Profit
BFS
BFS
METC
METC
Q4 25
$6.5M
Q3 25
$10.5M
$-13.3M
Q2 25
$10.7M
$-14.0M
Q1 25
$9.8M
$-9.5M
Q4 24
$8.1M
$3.9M
Q3 24
$14.5M
$-239.0K
Q2 24
$14.4M
$5.5M
Q1 24
$13.6M
$2.0M
Gross Margin
BFS
BFS
METC
METC
Q4 25
Q3 25
15.8%
Q2 25
12.3%
Q1 25
15.2%
Q4 24
20.4%
Q3 24
73.6%
19.5%
Q2 24
74.2%
21.0%
Q1 24
72.8%
19.1%
Operating Margin
BFS
BFS
METC
METC
Q4 25
65.4%
Q3 25
69.1%
-12.0%
Q2 25
68.7%
-9.1%
Q1 25
66.5%
-8.9%
Q4 24
82.9%
3.7%
Q3 24
72.8%
1.0%
Q2 24
75.0%
3.5%
Q1 24
72.4%
1.9%
Net Margin
BFS
BFS
METC
METC
Q4 25
8.7%
Q3 25
14.6%
-11.0%
Q2 25
15.1%
-9.1%
Q1 25
13.6%
-7.0%
Q4 24
11.9%
2.3%
Q3 24
21.5%
-0.1%
Q2 24
21.6%
3.6%
Q1 24
20.4%
1.2%
EPS (diluted)
BFS
BFS
METC
METC
Q4 25
$0.15
Q3 25
$0.32
Q2 25
$0.33
Q1 25
$0.29
Q4 24
$0.22
$0.06
Q3 24
$0.48
$-0.03
Q2 24
$0.48
$0.08
Q1 24
$0.45
$0.00

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
METC
METC
Cash + ST InvestmentsLiquidity on hand
$8.7M
$193.8M
Total DebtLower is stronger
$468.4M
$116.3M
Stockholders' EquityBook value
$307.8M
$526.9M
Total Assets
$2.2B
$849.7M
Debt / EquityLower = less leverage
1.52×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
METC
METC
Q4 25
$8.7M
Q3 25
$11.8M
$193.8M
Q2 25
$5.3M
$28.1M
Q1 25
$6.5M
$43.5M
Q4 24
$10.3M
$33.0M
Q3 24
$7.2M
$22.9M
Q2 24
$6.9M
$27.6M
Q1 24
$7.1M
$30.5M
Total Debt
BFS
BFS
METC
METC
Q4 25
$468.4M
Q3 25
$1.6B
$116.3M
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$455.8M
$88.2M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
METC
METC
Q4 25
$307.8M
Q3 25
$316.6M
$526.9M
Q2 25
$322.4M
$347.4M
Q1 25
$328.4M
$355.2M
Q4 24
$335.8M
$362.8M
Q3 24
$341.8M
$361.8M
Q2 24
$345.7M
$366.1M
Q1 24
$347.1M
$372.3M
Total Assets
BFS
BFS
METC
METC
Q4 25
$2.2B
Q3 25
$2.2B
$849.7M
Q2 25
$2.1B
$674.6M
Q1 25
$2.1B
$685.7M
Q4 24
$2.1B
$674.7M
Q3 24
$2.1B
$645.4M
Q2 24
$2.1B
$659.2M
Q1 24
$2.0B
$674.0M
Debt / Equity
BFS
BFS
METC
METC
Q4 25
1.52×
Q3 25
5.02×
0.22×
Q2 25
4.85×
Q1 25
4.70×
Q4 24
1.36×
0.24×
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
BFS
BFS
METC
METC
Operating Cash FlowLast quarter
$99.8M
$-1.4M
Free Cash FlowOCF − Capex
$-17.5M
FCF MarginFCF / Revenue
-14.5%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
METC
METC
Q4 25
$99.8M
Q3 25
$20.6M
$-1.4M
Q2 25
$26.6M
$-4.3M
Q1 25
$30.4M
$26.0M
Q4 24
$121.2M
$15.7M
Q3 24
$26.5M
$37.4M
Q2 24
$32.1M
$34.4M
Q1 24
$33.8M
$25.2M
Free Cash Flow
BFS
BFS
METC
METC
Q4 25
Q3 25
$-17.5M
Q2 25
$-19.8M
Q1 25
$7.6M
Q4 24
$5.1M
Q3 24
$-28.3M
$25.6M
Q2 24
$-12.5M
$20.3M
Q1 24
$-11.7M
$6.5M
FCF Margin
BFS
BFS
METC
METC
Q4 25
Q3 25
-14.5%
Q2 25
-13.0%
Q1 25
5.6%
Q4 24
3.0%
Q3 24
-42.1%
15.3%
Q2 24
-18.7%
13.1%
Q1 24
-17.6%
3.7%
Capex Intensity
BFS
BFS
METC
METC
Q4 25
Q3 25
13.3%
Q2 25
10.2%
Q1 25
13.7%
Q4 24
6.2%
Q3 24
81.5%
7.0%
Q2 24
66.7%
9.1%
Q1 24
68.3%
10.8%
Cash Conversion
BFS
BFS
METC
METC
Q4 25
15.35×
Q3 25
1.97×
Q2 25
2.48×
Q1 25
3.10×
Q4 24
14.98×
4.06×
Q3 24
1.83×
Q2 24
2.22×
6.21×
Q1 24
2.48×
12.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

METC
METC

Export Coal Revenues$73.0M60%
Domestic Coal Revenues$48.0M40%

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