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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $75.1M, roughly 1.2× SAUL CENTERS, INC.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 8.7%, a 9.6% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 10.6%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 6.2%).
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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
BFS vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $88.4M |
| Net Profit | $6.5M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | 7.5% |
| Net Margin | 8.7% | 18.3% |
| Revenue YoY | 10.6% | 18.7% |
| Net Profit YoY | -19.6% | 401.5% |
| EPS (diluted) | $0.15 | $0.08 |
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.
| Q4 25 | $75.1M | $88.4M | ||
| Q3 25 | $72.0M | $77.9M | ||
| Q2 25 | $70.8M | $77.4M | ||
| Q1 25 | $71.9M | $83.0M | ||
| Q4 24 | $67.9M | $74.5M | ||
| Q3 24 | $67.3M | $82.6M | ||
| Q2 24 | $66.9M | $69.8M | ||
| Q1 24 | $66.7M | $64.0M |
| Q4 25 | $6.5M | $16.2M | ||
| Q3 25 | $10.5M | $11.4M | ||
| Q2 25 | $10.7M | $7.6M | ||
| Q1 25 | $9.8M | $1.3M | ||
| Q4 24 | $8.1M | $-5.4M | ||
| Q3 24 | $14.5M | $17.1M | ||
| Q2 24 | $14.4M | $1.9M | ||
| Q1 24 | $13.6M | $677.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 73.6% | — | ||
| Q2 24 | 74.2% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | 65.4% | 7.5% | ||
| Q3 25 | 69.1% | 4.6% | ||
| Q2 25 | 68.7% | -1.1% | ||
| Q1 25 | 66.5% | -2.3% | ||
| Q4 24 | 82.9% | -0.5% | ||
| Q3 24 | 72.8% | 14.9% | ||
| Q2 24 | 75.0% | 8.1% | ||
| Q1 24 | 72.4% | 5.6% |
| Q4 25 | 8.7% | 18.3% | ||
| Q3 25 | 14.6% | 14.6% | ||
| Q2 25 | 15.1% | 9.8% | ||
| Q1 25 | 13.6% | 1.5% | ||
| Q4 24 | 11.9% | -7.2% | ||
| Q3 24 | 21.5% | 20.7% | ||
| Q2 24 | 21.6% | 2.7% | ||
| Q1 24 | 20.4% | 1.1% |
| Q4 25 | $0.15 | $0.08 | ||
| Q3 25 | $0.32 | $0.05 | ||
| Q2 25 | $0.33 | $0.03 | ||
| Q1 25 | $0.29 | $-0.01 | ||
| Q4 24 | $0.22 | $-0.05 | ||
| Q3 24 | $0.48 | $0.09 | ||
| Q2 24 | $0.48 | $-0.01 | ||
| Q1 24 | $0.45 | $-0.01 |
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 | $24.4M |
| Total DebtLower is stronger | $468.4M | $361.3M |
| Stockholders' EquityBook value | $307.8M | $-12.9M |
| Total Assets | $2.2B | $959.5M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $24.4M | ||
| Q3 25 | $11.8M | $29.9M | ||
| Q2 25 | $5.3M | $29.3M | ||
| Q1 25 | $6.5M | $40.1M | ||
| Q4 24 | $10.3M | $24.3M | ||
| Q3 24 | $7.2M | $31.0M | ||
| Q2 24 | $6.9M | $27.6M | ||
| Q1 24 | $7.1M | $34.2M |
| Q4 25 | $468.4M | $361.3M | ||
| Q3 25 | $1.6B | $351.2M | ||
| Q2 25 | $1.6B | $331.6M | ||
| Q1 25 | $1.5B | $307.0M | ||
| Q4 24 | $455.8M | $307.5M | ||
| Q3 24 | $1.5B | $252.9M | ||
| Q2 24 | $1.4B | $233.3M | ||
| Q1 24 | $1.4B | $208.7M |
| Q4 25 | $307.8M | $-12.9M | ||
| Q3 25 | $316.6M | $7.5M | ||
| Q2 25 | $322.4M | $-25.0M | ||
| Q1 25 | $328.4M | $57.1M | ||
| Q4 24 | $335.8M | $-148.4M | ||
| Q3 24 | $341.8M | $-180.1M | ||
| Q2 24 | $345.7M | $-273.0M | ||
| Q1 24 | $347.1M | $-382.4M |
| Q4 25 | $2.2B | $959.5M | ||
| Q3 25 | $2.2B | $916.7M | ||
| Q2 25 | $2.1B | $905.5M | ||
| Q1 25 | $2.1B | $884.9M | ||
| Q4 24 | $2.1B | $881.1M | ||
| Q3 24 | $2.1B | $831.1M | ||
| Q2 24 | $2.1B | $782.3M | ||
| Q1 24 | $2.0B | $750.5M |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 5.02× | 46.95× | ||
| Q2 25 | 4.85× | — | ||
| Q1 25 | 4.70× | 5.38× | ||
| 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 | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | 15.35× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-3.5M | ||
| Q3 25 | $20.6M | $18.2M | ||
| Q2 25 | $26.6M | $-7.9M | ||
| Q1 25 | $30.4M | $29.7M | ||
| Q4 24 | $121.2M | $-532.0K | ||
| Q3 24 | $26.5M | $17.7M | ||
| Q2 24 | $32.1M | $533.0K | ||
| Q1 24 | $33.8M | $13.7M |
| Q4 25 | — | $-13.4M | ||
| Q3 25 | — | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | — | $-55.0M | ||
| Q3 24 | $-28.3M | $-5.4M | ||
| Q2 24 | $-12.5M | $-22.5M | ||
| Q1 24 | $-11.7M | $-13.0M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | -73.8% | ||
| Q3 24 | -42.1% | -6.5% | ||
| Q2 24 | -18.7% | -32.2% | ||
| Q1 24 | -17.6% | -20.4% |
| Q4 25 | — | 11.1% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 73.1% | ||
| Q3 24 | 81.5% | 27.9% | ||
| Q2 24 | 66.7% | 32.9% | ||
| Q1 24 | 68.3% | 41.8% |
| Q4 25 | 15.35× | -0.22× | ||
| Q3 25 | 1.97× | 1.60× | ||
| Q2 25 | 2.48× | -1.04× | ||
| Q1 25 | 3.10× | 23.11× | ||
| Q4 24 | 14.98× | — | ||
| Q3 24 | 1.83× | 1.03× | ||
| Q2 24 | 2.22× | 0.28× | ||
| Q1 24 | 2.48× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
