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

PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $75.1M, roughly 1.9× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -20.7%, a 29.4% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -15.1%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -12.0%).

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 PAMT — Head-to-Head

Bigger by revenue
PAMT
PAMT
1.9× larger
PAMT
$141.3M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+25.8% gap
BFS
10.6%
-15.1%
PAMT
Higher net margin
BFS
BFS
29.4% more per $
BFS
8.7%
-20.7%
PAMT
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-12.0%
PAMT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
PAMT
PAMT
Revenue
$75.1M
$141.3M
Net Profit
$6.5M
$-29.3M
Gross Margin
Operating Margin
65.4%
-27.0%
Net Margin
8.7%
-20.7%
Revenue YoY
10.6%
-15.1%
Net Profit YoY
-19.6%
7.4%
EPS (diluted)
$0.15
$-1.38

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
PAMT
PAMT
Q4 25
$75.1M
$141.3M
Q3 25
$72.0M
$150.3M
Q2 25
$70.8M
$151.1M
Q1 25
$71.9M
$155.3M
Q4 24
$67.9M
$166.5M
Q3 24
$67.3M
$182.6M
Q2 24
$66.9M
$182.9M
Q1 24
$66.7M
$182.6M
Net Profit
BFS
BFS
PAMT
PAMT
Q4 25
$6.5M
$-29.3M
Q3 25
$10.5M
$-5.6M
Q2 25
$10.7M
$-9.6M
Q1 25
$9.8M
$-8.1M
Q4 24
$8.1M
$-31.6M
Q3 24
$14.5M
$2.4M
Q2 24
$14.4M
$-2.9M
Q1 24
$13.6M
$281.0K
Gross Margin
BFS
BFS
PAMT
PAMT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
PAMT
PAMT
Q4 25
65.4%
-27.0%
Q3 25
69.1%
-3.8%
Q2 25
68.7%
-7.3%
Q1 25
66.5%
-5.9%
Q4 24
82.9%
-22.6%
Q3 24
72.8%
1.3%
Q2 24
75.0%
-0.4%
Q1 24
72.4%
-0.4%
Net Margin
BFS
BFS
PAMT
PAMT
Q4 25
8.7%
-20.7%
Q3 25
14.6%
-3.7%
Q2 25
15.1%
-6.4%
Q1 25
13.6%
-5.2%
Q4 24
11.9%
-19.0%
Q3 24
21.5%
1.3%
Q2 24
21.6%
-1.6%
Q1 24
20.4%
0.2%
EPS (diluted)
BFS
BFS
PAMT
PAMT
Q4 25
$0.15
$-1.38
Q3 25
$0.32
$-0.27
Q2 25
$0.33
$-0.46
Q1 25
$0.29
$-0.37
Q4 24
$0.22
$-1.44
Q3 24
$0.48
$0.11
Q2 24
$0.48
$-0.13
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
BFS
BFS
PAMT
PAMT
Cash + ST InvestmentsLiquidity on hand
$8.7M
$83.7M
Total DebtLower is stronger
$468.4M
$333.9M
Stockholders' EquityBook value
$307.8M
$210.5M
Total Assets
$2.2B
$697.9M
Debt / EquityLower = less leverage
1.52×
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
PAMT
PAMT
Q4 25
$8.7M
$83.7M
Q3 25
$11.8M
$115.6M
Q2 25
$5.3M
$117.3M
Q1 25
$6.5M
$102.7M
Q4 24
$10.3M
$110.7M
Q3 24
$7.2M
$92.3M
Q2 24
$6.9M
$114.0M
Q1 24
$7.1M
$125.8M
Total Debt
BFS
BFS
PAMT
PAMT
Q4 25
$468.4M
$333.9M
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$455.8M
$325.6M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
PAMT
PAMT
Q4 25
$307.8M
$210.5M
Q3 25
$316.6M
$239.5M
Q2 25
$322.4M
$244.9M
Q1 25
$328.4M
$269.6M
Q4 24
$335.8M
$277.5M
Q3 24
$341.8M
$308.9M
Q2 24
$345.7M
$306.7M
Q1 24
$347.1M
$314.6M
Total Assets
BFS
BFS
PAMT
PAMT
Q4 25
$2.2B
$697.9M
Q3 25
$2.2B
$715.2M
Q2 25
$2.1B
$707.9M
Q1 25
$2.1B
$712.6M
Q4 24
$2.1B
$741.7M
Q3 24
$2.1B
$756.7M
Q2 24
$2.1B
$733.5M
Q1 24
$2.0B
$746.4M
Debt / Equity
BFS
BFS
PAMT
PAMT
Q4 25
1.52×
1.59×
Q3 25
5.02×
Q2 25
4.85×
Q1 25
4.70×
Q4 24
1.36×
1.17×
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
BFS
BFS
PAMT
PAMT
Operating Cash FlowLast quarter
$99.8M
$-5.8M
Free Cash FlowOCF − Capex
$-25.0M
FCF MarginFCF / Revenue
-17.7%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$-23.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
PAMT
PAMT
Q4 25
$99.8M
$-5.8M
Q3 25
$20.6M
$5.9M
Q2 25
$26.6M
$12.2M
Q1 25
$30.4M
$5.0M
Q4 24
$121.2M
$15.2M
Q3 24
$26.5M
$15.5M
Q2 24
$32.1M
$18.7M
Q1 24
$33.8M
$9.6M
Free Cash Flow
BFS
BFS
PAMT
PAMT
Q4 25
$-25.0M
Q3 25
$2.5M
Q2 25
$5.9M
Q1 25
$-6.8M
Q4 24
$-39.9M
Q3 24
$-28.3M
$-33.6M
Q2 24
$-12.5M
$4.1M
Q1 24
$-11.7M
$-12.2M
FCF Margin
BFS
BFS
PAMT
PAMT
Q4 25
-17.7%
Q3 25
1.7%
Q2 25
3.9%
Q1 25
-4.4%
Q4 24
-24.0%
Q3 24
-42.1%
-18.4%
Q2 24
-18.7%
2.2%
Q1 24
-17.6%
-6.7%
Capex Intensity
BFS
BFS
PAMT
PAMT
Q4 25
13.6%
Q3 25
2.3%
Q2 25
4.2%
Q1 25
7.6%
Q4 24
33.1%
Q3 24
81.5%
26.9%
Q2 24
66.7%
8.0%
Q1 24
68.3%
12.0%
Cash Conversion
BFS
BFS
PAMT
PAMT
Q4 25
15.35×
Q3 25
1.97×
Q2 25
2.48×
Q1 25
3.10×
Q4 24
14.98×
Q3 24
1.83×
6.44×
Q2 24
2.22×
Q1 24
2.48×
34.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

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