vs
Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Nerdy Inc. (NRDY). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $49.1M, roughly 1.5× Nerdy Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -18.8%, a 27.5% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs 2.3%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -4.4%).
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.
Nerdy Inc. is a leading U.S.-based edtech firm best known for operating the Varsity Tutors platform, offering live one-on-one tutoring, on-demand courses, test prep resources, and skill-building content. It serves K-12 students, higher ed learners, and working professionals across hundreds of academic and professional subject areas.
BFS vs NRDY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $49.1M |
| Net Profit | $6.5M | $-9.2M |
| Gross Margin | — | 51.0% |
| Operating Margin | 65.4% | -28.3% |
| Net Margin | 8.7% | -18.8% |
| Revenue YoY | 10.6% | 2.3% |
| Net Profit YoY | -19.6% | 8.9% |
| EPS (diluted) | $0.15 | $-0.07 |
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 | $49.1M | ||
| Q3 25 | $72.0M | $37.0M | ||
| Q2 25 | $70.8M | $45.3M | ||
| Q1 25 | $71.9M | $47.6M | ||
| Q4 24 | $67.9M | $48.0M | ||
| Q3 24 | $67.3M | $37.5M | ||
| Q2 24 | $66.9M | $51.0M | ||
| Q1 24 | $66.7M | $53.7M |
| Q4 25 | $6.5M | $-9.2M | ||
| Q3 25 | $10.5M | $-12.3M | ||
| Q2 25 | $10.7M | $-7.9M | ||
| Q1 25 | $9.8M | $-10.5M | ||
| Q4 24 | $8.1M | $-10.1M | ||
| Q3 24 | $14.5M | $-15.9M | ||
| Q2 24 | $14.4M | $-9.1M | ||
| Q1 24 | $13.6M | $-7.4M |
| Q4 25 | — | 51.0% | ||
| Q3 25 | — | 62.9% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 58.0% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | 73.6% | 70.5% | ||
| Q2 24 | 74.2% | 65.7% | ||
| Q1 24 | 72.8% | 68.0% |
| Q4 25 | 65.4% | -28.3% | ||
| Q3 25 | 69.1% | -51.5% | ||
| Q2 25 | 68.7% | -27.1% | ||
| Q1 25 | 66.5% | -34.8% | ||
| Q4 24 | 82.9% | -34.0% | ||
| Q3 24 | 72.8% | -68.5% | ||
| Q2 24 | 75.0% | -29.9% | ||
| Q1 24 | 72.4% | -23.9% |
| Q4 25 | 8.7% | -18.8% | ||
| Q3 25 | 14.6% | -33.2% | ||
| Q2 25 | 15.1% | -17.4% | ||
| Q1 25 | 13.6% | -22.1% | ||
| Q4 24 | 11.9% | -21.1% | ||
| Q3 24 | 21.5% | -42.4% | ||
| Q2 24 | 21.6% | -17.8% | ||
| Q1 24 | 20.4% | -13.9% |
| Q4 25 | $0.15 | $-0.07 | ||
| Q3 25 | $0.32 | $-0.10 | ||
| Q2 25 | $0.33 | $-0.07 | ||
| Q1 25 | $0.29 | $-0.09 | ||
| Q4 24 | $0.22 | $-0.09 | ||
| Q3 24 | $0.48 | $-0.14 | ||
| Q2 24 | $0.48 | $-0.08 | ||
| Q1 24 | $0.45 | $-0.07 |
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 | $47.9M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $19.0M |
| Total Assets | $2.2B | $76.2M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $47.9M | ||
| Q3 25 | $11.8M | $32.7M | ||
| Q2 25 | $5.3M | $36.7M | ||
| Q1 25 | $6.5M | $44.9M | ||
| Q4 24 | $10.3M | $52.5M | ||
| Q3 24 | $7.2M | $65.0M | ||
| Q2 24 | $6.9M | $69.8M | ||
| Q1 24 | $7.1M | $77.0M |
| 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 | — |
| Q4 25 | $307.8M | $19.0M | ||
| Q3 25 | $316.6M | $24.3M | ||
| Q2 25 | $322.4M | $31.8M | ||
| Q1 25 | $328.4M | $34.4M | ||
| Q4 24 | $335.8M | $39.5M | ||
| Q3 24 | $341.8M | $43.3M | ||
| Q2 24 | $345.7M | $52.2M | ||
| Q1 24 | $347.1M | $52.8M |
| Q4 25 | $2.2B | $76.2M | ||
| Q3 25 | $2.2B | $70.4M | ||
| Q2 25 | $2.1B | $73.7M | ||
| Q1 25 | $2.1B | $83.0M | ||
| Q4 24 | $2.1B | $92.5M | ||
| Q3 24 | $2.1B | $106.8M | ||
| Q2 24 | $2.1B | $111.3M | ||
| Q1 24 | $2.0B | $121.3M |
| 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 | $-2.9M |
| Free Cash FlowOCF − Capex | — | $-4.3M |
| FCF MarginFCF / Revenue | — | -8.7% |
| Capex IntensityCapex / Revenue | — | 2.7% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-2.9M | ||
| Q3 25 | $20.6M | $-2.4M | ||
| Q2 25 | $26.6M | $-7.0M | ||
| Q1 25 | $30.4M | $-6.4M | ||
| Q4 24 | $121.2M | $-11.3M | ||
| Q3 24 | $26.5M | $-3.1M | ||
| Q2 24 | $32.1M | $-5.6M | ||
| Q1 24 | $33.8M | $4.4M |
| Q4 25 | — | $-4.3M | ||
| Q3 25 | — | $-4.1M | ||
| Q2 25 | — | $-8.2M | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | — | $-12.5M | ||
| Q3 24 | $-28.3M | $-5.0M | ||
| Q2 24 | $-12.5M | $-7.1M | ||
| Q1 24 | $-11.7M | $2.1M |
| Q4 25 | — | -8.7% | ||
| Q3 25 | — | -11.2% | ||
| Q2 25 | — | -18.1% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | -26.0% | ||
| Q3 24 | -42.1% | -13.3% | ||
| Q2 24 | -18.7% | -14.0% | ||
| Q1 24 | -17.6% | 4.0% |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | 81.5% | 5.2% | ||
| Q2 24 | 66.7% | 3.0% | ||
| Q1 24 | 68.3% | 4.1% |
| Q4 25 | 15.35× | — | ||
| Q3 25 | 1.97× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 3.10× | — | ||
| Q4 24 | 14.98× | — | ||
| Q3 24 | 1.83× | — | ||
| Q2 24 | 2.22× | — | ||
| Q1 24 | 2.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
