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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $62.9M, roughly 1.2× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 69.2% vs 8.7%, a 60.6% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs 2.9%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -1.5%).
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.
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
BFS vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $62.9M |
| Net Profit | $6.5M | $43.5M |
| Gross Margin | — | 73.6% |
| Operating Margin | 65.4% | 19.9% |
| Net Margin | 8.7% | 69.2% |
| Revenue YoY | 10.6% | 2.9% |
| Net Profit YoY | -19.6% | 51.3% |
| EPS (diluted) | $0.15 | $1.13 |
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 | $62.9M | ||
| Q3 25 | $72.0M | $57.1M | ||
| Q2 25 | $70.8M | $59.8M | ||
| Q1 25 | $71.9M | $63.4M | ||
| Q4 24 | $67.9M | $61.2M | ||
| Q3 24 | $67.3M | $56.2M | ||
| Q2 24 | $66.9M | $60.9M | ||
| Q1 24 | $66.7M | $64.8M |
| Q4 25 | $6.5M | $43.5M | ||
| Q3 25 | $10.5M | $6.5M | ||
| Q2 25 | $10.7M | $8.3M | ||
| Q1 25 | $9.8M | $14.5M | ||
| Q4 24 | $8.1M | $28.8M | ||
| Q3 24 | $14.5M | $8.3M | ||
| Q2 24 | $14.4M | $6.6M | ||
| Q1 24 | $13.6M | $13.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 74.3% | ||
| Q4 24 | — | 74.0% | ||
| Q3 24 | 73.6% | 73.9% | ||
| Q2 24 | 74.2% | 66.2% | ||
| Q1 24 | 72.8% | 73.1% |
| Q4 25 | 65.4% | 19.9% | ||
| Q3 25 | 69.1% | 14.4% | ||
| Q2 25 | 68.7% | 17.6% | ||
| Q1 25 | 66.5% | 27.1% | ||
| Q4 24 | 82.9% | 19.3% | ||
| Q3 24 | 72.8% | 20.0% | ||
| Q2 24 | 75.0% | 12.5% | ||
| Q1 24 | 72.4% | 21.8% |
| Q4 25 | 8.7% | 69.2% | ||
| Q3 25 | 14.6% | 11.4% | ||
| Q2 25 | 15.1% | 13.9% | ||
| Q1 25 | 13.6% | 22.9% | ||
| Q4 24 | 11.9% | 47.1% | ||
| Q3 24 | 21.5% | 14.7% | ||
| Q2 24 | 21.6% | 10.8% | ||
| Q1 24 | 20.4% | 20.8% |
| Q4 25 | $0.15 | $1.13 | ||
| Q3 25 | $0.32 | $0.17 | ||
| Q2 25 | $0.33 | $0.21 | ||
| Q1 25 | $0.29 | $0.37 | ||
| Q4 24 | $0.22 | $0.73 | ||
| Q3 24 | $0.48 | $0.21 | ||
| Q2 24 | $0.48 | $0.17 | ||
| Q1 24 | $0.45 | $0.35 |
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 | $70.5M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $271.8M |
| Total Assets | $2.2B | $397.7M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $70.5M | ||
| Q3 25 | $11.8M | $85.6M | ||
| Q2 25 | $5.3M | $92.9M | ||
| Q1 25 | $6.5M | $105.2M | ||
| Q4 24 | $10.3M | $83.2M | ||
| Q3 24 | $7.2M | $77.5M | ||
| Q2 24 | $6.9M | $63.8M | ||
| Q1 24 | $7.1M | $63.9M |
| 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 | $271.8M | ||
| Q3 25 | $316.6M | $238.3M | ||
| Q2 25 | $322.4M | $242.5M | ||
| Q1 25 | $328.4M | $231.1M | ||
| Q4 24 | $335.8M | $212.5M | ||
| Q3 24 | $341.8M | $194.6M | ||
| Q2 24 | $345.7M | $178.6M | ||
| Q1 24 | $347.1M | $170.9M |
| Q4 25 | $2.2B | $397.7M | ||
| Q3 25 | $2.2B | $343.5M | ||
| Q2 25 | $2.1B | $357.1M | ||
| Q1 25 | $2.1B | $333.8M | ||
| Q4 24 | $2.1B | $338.7M | ||
| Q3 24 | $2.1B | $289.3M | ||
| Q2 24 | $2.1B | $286.9M | ||
| Q1 24 | $2.0B | $277.1M |
| 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 | $12.6M |
| Free Cash FlowOCF − Capex | — | $9.6M |
| FCF MarginFCF / Revenue | — | 15.3% |
| Capex IntensityCapex / Revenue | — | 4.7% |
| Cash ConversionOCF / Net Profit | 15.35× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $50.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $12.6M | ||
| Q3 25 | $20.6M | $11.3M | ||
| Q2 25 | $26.6M | $6.2M | ||
| Q1 25 | $30.4M | $29.4M | ||
| Q4 24 | $121.2M | $12.4M | ||
| Q3 24 | $26.5M | $14.0M | ||
| Q2 24 | $32.1M | $2.3M | ||
| Q1 24 | $33.8M | $27.0M |
| Q4 25 | — | $9.6M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $27.7M | ||
| Q4 24 | — | $10.5M | ||
| Q3 24 | $-28.3M | $12.0M | ||
| Q2 24 | $-12.5M | $26.0K | ||
| Q1 24 | $-11.7M | $23.9M |
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | -42.1% | 21.4% | ||
| Q2 24 | -18.7% | 0.0% | ||
| Q1 24 | -17.6% | 36.9% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 81.5% | 3.5% | ||
| Q2 24 | 66.7% | 3.7% | ||
| Q1 24 | 68.3% | 4.7% |
| Q4 25 | 15.35× | 0.29× | ||
| Q3 25 | 1.97× | 1.74× | ||
| Q2 25 | 2.48× | 0.75× | ||
| Q1 25 | 3.10× | 2.02× | ||
| Q4 24 | 14.98× | 0.43× | ||
| Q3 24 | 1.83× | 1.69× | ||
| Q2 24 | 2.22× | 0.35× | ||
| Q1 24 | 2.48× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
OSPN
| Transferred At Point In Time | $32.7M | 52% |
| Subscription | $21.1M | 34% |
| Maintenance Support And Other | $9.2M | 15% |
