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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
NWPX Infrastructure, Inc. is the larger business by last-quarter revenue ($138.3M vs $75.1M, roughly 1.8× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 7.6%, a 1.0% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 10.6%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 3.3%).
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.
BFS vs NWPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $138.3M |
| Net Profit | $6.5M | $10.5M |
| Gross Margin | — | 19.3% |
| Operating Margin | 65.4% | 9.2% |
| Net Margin | 8.7% | 7.6% |
| Revenue YoY | 10.6% | 19.1% |
| Net Profit YoY | -19.6% | 165.7% |
| EPS (diluted) | $0.15 | $1.08 |
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.
| Q1 26 | — | $138.3M | ||
| Q4 25 | $75.1M | $125.6M | ||
| Q3 25 | $72.0M | $151.1M | ||
| Q2 25 | $70.8M | $133.2M | ||
| Q1 25 | $71.9M | $116.1M | ||
| Q4 24 | $67.9M | $119.6M | ||
| Q3 24 | $67.3M | $130.2M | ||
| Q2 24 | $66.9M | $129.5M |
| Q1 26 | — | $10.5M | ||
| Q4 25 | $6.5M | $8.9M | ||
| Q3 25 | $10.5M | $13.5M | ||
| Q2 25 | $10.7M | $9.1M | ||
| Q1 25 | $9.8M | $4.0M | ||
| Q4 24 | $8.1M | $10.1M | ||
| Q3 24 | $14.5M | $10.3M | ||
| Q2 24 | $14.4M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | — | 21.3% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | 73.6% | 20.8% | ||
| Q2 24 | 74.2% | 19.9% |
| Q1 26 | — | 9.2% | ||
| Q4 25 | 65.4% | 10.4% | ||
| Q3 25 | 69.1% | 12.6% | ||
| Q2 25 | 68.7% | 9.9% | ||
| Q1 25 | 66.5% | 4.8% | ||
| Q4 24 | 82.9% | 8.8% | ||
| Q3 24 | 72.8% | 11.9% | ||
| Q2 24 | 75.0% | 10.5% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 8.7% | 7.1% | ||
| Q3 25 | 14.6% | 8.9% | ||
| Q2 25 | 15.1% | 6.8% | ||
| Q1 25 | 13.6% | 3.4% | ||
| Q4 24 | 11.9% | 8.4% | ||
| Q3 24 | 21.5% | 7.9% | ||
| Q2 24 | 21.6% | 6.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.15 | $0.88 | ||
| Q3 25 | $0.32 | $1.38 | ||
| Q2 25 | $0.33 | $0.91 | ||
| Q1 25 | $0.29 | $0.39 | ||
| Q4 24 | $0.22 | $1.00 | ||
| Q3 24 | $0.48 | $1.02 | ||
| Q2 24 | $0.48 | $0.86 |
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 | $14.3M |
| Total DebtLower is stronger | $468.4M | $10.7M |
| Stockholders' EquityBook value | $307.8M | $403.7M |
| Total Assets | $2.2B | $634.1M |
| Debt / EquityLower = less leverage | 1.52× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $8.7M | $2.3M | ||
| Q3 25 | $11.8M | $2.7M | ||
| Q2 25 | $5.3M | $2.0M | ||
| Q1 25 | $6.5M | $5.3M | ||
| Q4 24 | $10.3M | $5.0M | ||
| Q3 24 | $7.2M | $5.7M | ||
| Q2 24 | $6.9M | $4.5M |
| Q1 26 | — | $10.7M | ||
| 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 26 | — | $403.7M | ||
| Q4 25 | $307.8M | $394.8M | ||
| Q3 25 | $316.6M | $386.4M | ||
| Q2 25 | $322.4M | $379.5M | ||
| Q1 25 | $328.4M | $378.5M | ||
| Q4 24 | $335.8M | $374.0M | ||
| Q3 24 | $341.8M | $362.4M | ||
| Q2 24 | $345.7M | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $2.2B | $579.6M | ||
| Q3 25 | $2.2B | $605.2M | ||
| Q2 25 | $2.1B | $592.6M | ||
| Q1 25 | $2.1B | $582.2M | ||
| Q4 24 | $2.1B | $589.7M | ||
| Q3 24 | $2.1B | $617.2M | ||
| Q2 24 | $2.1B | $631.7M |
| Q1 26 | — | 0.03× | ||
| 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× | — |
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 | $29.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 15.35× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $99.8M | $36.0M | ||
| Q3 25 | $20.6M | $21.0M | ||
| Q2 25 | $26.6M | $5.4M | ||
| Q1 25 | $30.4M | $4.8M | ||
| Q4 24 | $121.2M | $36.1M | ||
| Q3 24 | $26.5M | $22.7M | ||
| Q2 24 | $32.1M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $30.8M | ||
| Q3 25 | — | $13.2M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | $-28.3M | $16.8M | ||
| Q2 24 | $-12.5M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | -42.1% | 12.9% | ||
| Q2 24 | -18.7% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | 81.5% | 4.6% | ||
| Q2 24 | 66.7% | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | 15.35× | 4.06× | ||
| Q3 25 | 1.97× | 1.55× | ||
| Q2 25 | 2.48× | 0.60× | ||
| Q1 25 | 3.10× | 1.22× | ||
| Q4 24 | 14.98× | 3.58× | ||
| Q3 24 | 1.83× | 2.22× | ||
| Q2 24 | 2.22× | 2.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
