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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.

UNIVERSAL DISPLAY CORP \PA\ is the larger business by last-quarter revenue ($142.2M vs $75.1M, roughly 1.9× SAUL CENTERS, INC.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 8.7%, a 16.6% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -14.5%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -5.3%).

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.

Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.

BFS vs OLED — Head-to-Head

Bigger by revenue
OLED
OLED
1.9× larger
OLED
$142.2M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+25.1% gap
BFS
10.6%
-14.5%
OLED
Higher net margin
OLED
OLED
16.6% more per $
OLED
25.2%
8.7%
BFS
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-5.3%
OLED

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFS
BFS
OLED
OLED
Revenue
$75.1M
$142.2M
Net Profit
$6.5M
$35.9M
Gross Margin
74.6%
Operating Margin
65.4%
30.1%
Net Margin
8.7%
25.2%
Revenue YoY
10.6%
-14.5%
Net Profit YoY
-19.6%
-44.3%
EPS (diluted)
$0.15
$0.76

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
OLED
OLED
Q1 26
$142.2M
Q4 25
$75.1M
$172.9M
Q3 25
$72.0M
$139.6M
Q2 25
$70.8M
$171.8M
Q1 25
$71.9M
$166.3M
Q4 24
$67.9M
$162.3M
Q3 24
$67.3M
$161.6M
Q2 24
$66.9M
$158.5M
Net Profit
BFS
BFS
OLED
OLED
Q1 26
$35.9M
Q4 25
$6.5M
$66.3M
Q3 25
$10.5M
$44.0M
Q2 25
$10.7M
$67.3M
Q1 25
$9.8M
$64.4M
Q4 24
$8.1M
$46.0M
Q3 24
$14.5M
$66.9M
Q2 24
$14.4M
$52.3M
Gross Margin
BFS
BFS
OLED
OLED
Q1 26
74.6%
Q4 25
76.1%
Q3 25
74.6%
Q2 25
77.2%
Q1 25
77.1%
Q4 24
77.0%
Q3 24
73.6%
77.8%
Q2 24
74.2%
75.8%
Operating Margin
BFS
BFS
OLED
OLED
Q1 26
30.1%
Q4 25
65.4%
38.9%
Q3 25
69.1%
30.9%
Q2 25
68.7%
39.9%
Q1 25
66.5%
41.9%
Q4 24
82.9%
32.3%
Q3 24
72.8%
41.5%
Q2 24
75.0%
35.6%
Net Margin
BFS
BFS
OLED
OLED
Q1 26
25.2%
Q4 25
8.7%
38.4%
Q3 25
14.6%
31.5%
Q2 25
15.1%
39.2%
Q1 25
13.6%
38.8%
Q4 24
11.9%
28.4%
Q3 24
21.5%
41.4%
Q2 24
21.6%
33.0%
EPS (diluted)
BFS
BFS
OLED
OLED
Q1 26
$0.76
Q4 25
$0.15
$1.40
Q3 25
$0.32
$0.92
Q2 25
$0.33
$1.41
Q1 25
$0.29
$1.35
Q4 24
$0.22
$0.96
Q3 24
$0.48
$1.40
Q2 24
$0.48
$1.10

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
OLED
OLED
Cash + ST InvestmentsLiquidity on hand
$8.7M
$516.4M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
Total Assets
$2.2B
$1.9B
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
OLED
OLED
Q1 26
$516.4M
Q4 25
$8.7M
$602.4M
Q3 25
$11.8M
$603.0M
Q2 25
$5.3M
$525.2M
Q1 25
$6.5M
$571.3M
Q4 24
$10.3M
$492.7M
Q3 24
$7.2M
$551.6M
Q2 24
$6.9M
$530.5M
Total Debt
BFS
BFS
OLED
OLED
Q1 26
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
Stockholders' Equity
BFS
BFS
OLED
OLED
Q1 26
Q4 25
$307.8M
$1.8B
Q3 25
$316.6M
$1.7B
Q2 25
$322.4M
$1.7B
Q1 25
$328.4M
$1.7B
Q4 24
$335.8M
$1.6B
Q3 24
$341.8M
$1.6B
Q2 24
$345.7M
$1.5B
Total Assets
BFS
BFS
OLED
OLED
Q1 26
$1.9B
Q4 25
$2.2B
$2.0B
Q3 25
$2.2B
$1.9B
Q2 25
$2.1B
$1.9B
Q1 25
$2.1B
$1.9B
Q4 24
$2.1B
$1.8B
Q3 24
$2.1B
$1.8B
Q2 24
$2.1B
$1.8B
Debt / Equity
BFS
BFS
OLED
OLED
Q1 26
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
BFS
BFS
OLED
OLED
Operating Cash FlowLast quarter
$99.8M
$108.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
3.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
OLED
OLED
Q1 26
$108.9M
Q4 25
$99.8M
$31.1M
Q3 25
$20.6M
$97.2M
Q2 25
$26.6M
$51.9M
Q1 25
$30.4M
$30.6M
Q4 24
$121.2M
$34.7M
Q3 24
$26.5M
$79.9M
Q2 24
$32.1M
$67.0M
Free Cash Flow
BFS
BFS
OLED
OLED
Q1 26
Q4 25
$15.1M
Q3 25
$84.3M
Q2 25
$37.5M
Q1 25
$17.5M
Q4 24
$22.0M
Q3 24
$-28.3M
$66.2M
Q2 24
$-12.5M
$57.9M
FCF Margin
BFS
BFS
OLED
OLED
Q1 26
Q4 25
8.7%
Q3 25
60.4%
Q2 25
21.8%
Q1 25
10.5%
Q4 24
13.6%
Q3 24
-42.1%
41.0%
Q2 24
-18.7%
36.5%
Capex Intensity
BFS
BFS
OLED
OLED
Q1 26
Q4 25
9.3%
Q3 25
9.2%
Q2 25
8.4%
Q1 25
7.9%
Q4 24
7.8%
Q3 24
81.5%
8.4%
Q2 24
66.7%
5.8%
Cash Conversion
BFS
BFS
OLED
OLED
Q1 26
3.03×
Q4 25
15.35×
0.47×
Q3 25
1.97×
2.21×
Q2 25
2.48×
0.77×
Q1 25
3.10×
0.47×
Q4 24
14.98×
0.75×
Q3 24
1.83×
1.19×
Q2 24
2.22×
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

OLED
OLED

Material sales$83.7M59%
Royalty and license fees$54.2M38%
Contract research services$4.3M3%

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