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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $75.1M, roughly 1.2× SAUL CENTERS, INC.). On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
BFS vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $93.7M |
| Net Profit | $6.5M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 65.4% | -1.0% |
| Net Margin | 8.7% | — |
| Revenue YoY | 10.6% | 2.3% |
| Net Profit YoY | -19.6% | — |
| EPS (diluted) | $0.15 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $72.0M | $83.6M | ||
| Q2 25 | $70.8M | $77.8M | ||
| Q1 25 | $71.9M | $77.6M | ||
| Q4 24 | $67.9M | $91.6M | ||
| Q3 24 | $67.3M | $78.6M | ||
| Q2 24 | $66.9M | $72.8M | ||
| Q1 24 | $66.7M | $72.5M |
| Q4 25 | $6.5M | — | ||
| Q3 25 | $10.5M | $-10.4M | ||
| Q2 25 | $10.7M | $-7.5M | ||
| Q1 25 | $9.8M | $-10.9M | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $14.5M | $-8.1M | ||
| Q2 24 | $14.4M | $5.5M | ||
| Q1 24 | $13.6M | $-8.1M |
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | 73.6% | 43.8% | ||
| Q2 24 | 74.2% | 43.5% | ||
| Q1 24 | 72.8% | 44.6% |
| Q4 25 | 65.4% | -1.0% | ||
| Q3 25 | 69.1% | -6.8% | ||
| Q2 25 | 68.7% | -12.5% | ||
| Q1 25 | 66.5% | -10.3% | ||
| Q4 24 | 82.9% | 1.5% | ||
| Q3 24 | 72.8% | -5.3% | ||
| Q2 24 | 75.0% | -7.1% | ||
| Q1 24 | 72.4% | -6.6% |
| Q4 25 | 8.7% | — | ||
| Q3 25 | 14.6% | -12.4% | ||
| Q2 25 | 15.1% | -9.6% | ||
| Q1 25 | 13.6% | -14.0% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.5% | -10.3% | ||
| Q2 24 | 21.6% | 7.6% | ||
| Q1 24 | 20.4% | -11.2% |
| Q4 25 | $0.15 | $-0.11 | ||
| Q3 25 | $0.32 | $-0.12 | ||
| Q2 25 | $0.33 | $-0.09 | ||
| Q1 25 | $0.29 | $-0.13 | ||
| Q4 24 | $0.22 | $-0.13 | ||
| Q3 24 | $0.48 | $-0.10 | ||
| Q2 24 | $0.48 | $0.07 | ||
| Q1 24 | $0.45 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | $468.4M | $401.9M |
| Stockholders' EquityBook value | $307.8M | $534.9M |
| Total Assets | $2.2B | $1.1B |
| Debt / EquityLower = less leverage | 1.52× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $63.0M | ||
| Q3 25 | $11.8M | $49.9M | ||
| Q2 25 | $5.3M | $49.2M | ||
| Q1 25 | $6.5M | $65.5M | ||
| Q4 24 | $10.3M | $76.1M | ||
| Q3 24 | $7.2M | $69.5M | ||
| Q2 24 | $6.9M | $65.1M | ||
| Q1 24 | $7.1M | $55.1M |
| Q4 25 | $468.4M | $401.9M | ||
| Q3 25 | $1.6B | $403.1M | ||
| Q2 25 | $1.6B | $403.1M | ||
| Q1 25 | $1.5B | $405.2M | ||
| Q4 24 | $455.8M | $406.4M | ||
| Q3 24 | $1.5B | $403.2M | ||
| Q2 24 | $1.4B | $396.1M | ||
| Q1 24 | $1.4B | $396.7M |
| Q4 25 | $307.8M | $534.9M | ||
| Q3 25 | $316.6M | $537.8M | ||
| Q2 25 | $322.4M | $539.0M | ||
| Q1 25 | $328.4M | $544.1M | ||
| Q4 24 | $335.8M | $548.1M | ||
| Q3 24 | $341.8M | $564.3M | ||
| Q2 24 | $345.7M | $566.2M | ||
| Q1 24 | $347.1M | $560.0M |
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $2.0B | $1.1B |
| Q4 25 | 1.52× | 0.75× | ||
| Q3 25 | 5.02× | 0.75× | ||
| Q2 25 | 4.85× | 0.75× | ||
| Q1 25 | 4.70× | 0.74× | ||
| Q4 24 | 1.36× | 0.74× | ||
| Q3 24 | 4.37× | 0.71× | ||
| Q2 24 | 4.17× | 0.70× | ||
| Q1 24 | 4.06× | 0.71× |
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 | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $19.5M | ||
| Q3 25 | $20.6M | $8.5M | ||
| Q2 25 | $26.6M | $-3.6M | ||
| Q1 25 | $30.4M | $-1.3M | ||
| Q4 24 | $121.2M | $6.5M | ||
| Q3 24 | $26.5M | $10.1M | ||
| Q2 24 | $32.1M | $19.6M | ||
| Q1 24 | $33.8M | $5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | — | ||
| Q2 24 | 66.7% | — | ||
| Q1 24 | 68.3% | — |
| 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× | 3.56× | ||
| Q1 24 | 2.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
