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

PAR TECHNOLOGY CORP is the larger business by last-quarter revenue ($120.1M vs $75.1M, roughly 1.6× SAUL CENTERS, INC.). On growth, PAR TECHNOLOGY CORP posted the faster year-over-year revenue change (14.4% vs 10.6%). Over the past eight quarters, PAR TECHNOLOGY CORP's revenue compounded faster (30.9% 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.

PAR Technology Corp is a global provider of point-of-sale systems, restaurant management software, and integrated tech solutions. Its core segments serve food service, hospitality, and government security markets, offering cloud tools to streamline operations, enhance customer experiences, and boost efficiency for enterprise and small-to-medium clients.

BFS vs PAR — Head-to-Head

Bigger by revenue
PAR
PAR
1.6× larger
PAR
$120.1M
$75.1M
BFS
Growing faster (revenue YoY)
PAR
PAR
+3.7% gap
PAR
14.4%
10.6%
BFS
Faster 2-yr revenue CAGR
PAR
PAR
Annualised
PAR
30.9%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
PAR
PAR
Revenue
$75.1M
$120.1M
Net Profit
$6.5M
Gross Margin
41.2%
Operating Margin
65.4%
-15.0%
Net Margin
8.7%
Revenue YoY
10.6%
14.4%
Net Profit YoY
-19.6%
EPS (diluted)
$0.15
$-0.52

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
PAR
PAR
Q4 25
$75.1M
$120.1M
Q3 25
$72.0M
$119.2M
Q2 25
$70.8M
$112.4M
Q1 25
$71.9M
$103.9M
Q4 24
$67.9M
$105.0M
Q3 24
$67.3M
$96.8M
Q2 24
$66.9M
$78.2M
Q1 24
$66.7M
$70.1M
Net Profit
BFS
BFS
PAR
PAR
Q4 25
$6.5M
Q3 25
$10.5M
$-18.2M
Q2 25
$10.7M
$-21.0M
Q1 25
$9.8M
$-24.4M
Q4 24
$8.1M
Q3 24
$14.5M
$-19.8M
Q2 24
$14.4M
$54.2M
Q1 24
$13.6M
$-18.3M
Gross Margin
BFS
BFS
PAR
PAR
Q4 25
41.2%
Q3 25
41.3%
Q2 25
45.4%
Q1 25
46.5%
Q4 24
42.9%
Q3 24
73.6%
44.5%
Q2 24
74.2%
41.0%
Q1 24
72.8%
37.2%
Operating Margin
BFS
BFS
PAR
PAR
Q4 25
65.4%
-15.0%
Q3 25
69.1%
-14.8%
Q2 25
68.7%
-15.4%
Q1 25
66.5%
-15.2%
Q4 24
82.9%
-15.6%
Q3 24
72.8%
-15.7%
Q2 24
75.0%
-26.5%
Q1 24
72.4%
-38.2%
Net Margin
BFS
BFS
PAR
PAR
Q4 25
8.7%
Q3 25
14.6%
-15.3%
Q2 25
15.1%
-18.7%
Q1 25
13.6%
-23.4%
Q4 24
11.9%
Q3 24
21.5%
-20.5%
Q2 24
21.6%
69.3%
Q1 24
20.4%
-26.1%
EPS (diluted)
BFS
BFS
PAR
PAR
Q4 25
$0.15
$-0.52
Q3 25
$0.32
$-0.45
Q2 25
$0.33
$-0.52
Q1 25
$0.29
$-0.60
Q4 24
$0.22
$-0.56
Q3 24
$0.48
$-0.56
Q2 24
$0.48
$1.60
Q1 24
$0.45
$-0.62

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
PAR
PAR
Cash + ST InvestmentsLiquidity on hand
$8.7M
$80.1M
Total DebtLower is stronger
$468.4M
$394.0M
Stockholders' EquityBook value
$307.8M
$825.1M
Total Assets
$2.2B
$1.4B
Debt / EquityLower = less leverage
1.52×
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
PAR
PAR
Q4 25
$8.7M
$80.1M
Q3 25
$11.8M
$93.0M
Q2 25
$5.3M
$85.7M
Q1 25
$6.5M
$92.2M
Q4 24
$10.3M
$108.6M
Q3 24
$7.2M
$118.4M
Q2 24
$6.9M
$142.5M
Q1 24
$7.1M
$72.5M
Total Debt
BFS
BFS
PAR
PAR
Q4 25
$468.4M
$394.0M
Q3 25
$1.6B
$393.4M
Q2 25
$1.6B
$392.8M
Q1 25
$1.5B
$392.3M
Q4 24
$455.8M
$368.4M
Q3 24
$1.5B
$466.7M
Q2 24
$1.4B
$378.7M
Q1 24
$1.4B
$378.2M
Stockholders' Equity
BFS
BFS
PAR
PAR
Q4 25
$307.8M
$825.1M
Q3 25
$316.6M
$838.0M
Q2 25
$322.4M
$859.1M
Q1 25
$328.4M
$852.0M
Q4 24
$335.8M
$871.7M
Q3 24
$341.8M
$692.7M
Q2 24
$345.7M
$588.3M
Q1 24
$347.1M
$526.4M
Total Assets
BFS
BFS
PAR
PAR
Q4 25
$2.2B
$1.4B
Q3 25
$2.2B
$1.4B
Q2 25
$2.1B
$1.4B
Q1 25
$2.1B
$1.4B
Q4 24
$2.1B
$1.4B
Q3 24
$2.1B
$1.3B
Q2 24
$2.1B
$1.1B
Q1 24
$2.0B
$1.0B
Debt / Equity
BFS
BFS
PAR
PAR
Q4 25
1.52×
0.48×
Q3 25
5.02×
0.47×
Q2 25
4.85×
0.46×
Q1 25
4.70×
0.46×
Q4 24
1.36×
0.42×
Q3 24
4.37×
0.67×
Q2 24
4.17×
0.64×
Q1 24
4.06×
0.72×

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
PAR
PAR
Operating Cash FlowLast quarter
$99.8M
$-11.8M
Free Cash FlowOCF − Capex
$-12.5M
FCF MarginFCF / Revenue
-10.4%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$-30.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
PAR
PAR
Q4 25
$99.8M
$-11.8M
Q3 25
$20.6M
$8.4M
Q2 25
$26.6M
$-6.6M
Q1 25
$30.4M
$-17.2M
Q4 24
$121.2M
$3.4M
Q3 24
$26.5M
$8.8M
Q2 24
$32.1M
$-13.8M
Q1 24
$33.8M
$-23.6M
Free Cash Flow
BFS
BFS
PAR
PAR
Q4 25
$-12.5M
Q3 25
$7.0M
Q2 25
$-7.4M
Q1 25
$-17.6M
Q4 24
$3.2M
Q3 24
$-28.3M
$8.4M
Q2 24
$-12.5M
$-14.2M
Q1 24
$-11.7M
$-23.6M
FCF Margin
BFS
BFS
PAR
PAR
Q4 25
-10.4%
Q3 25
5.9%
Q2 25
-6.6%
Q1 25
-16.9%
Q4 24
3.0%
Q3 24
-42.1%
8.7%
Q2 24
-18.7%
-18.2%
Q1 24
-17.6%
-33.7%
Capex Intensity
BFS
BFS
PAR
PAR
Q4 25
0.7%
Q3 25
1.1%
Q2 25
0.7%
Q1 25
0.4%
Q4 24
0.2%
Q3 24
81.5%
0.4%
Q2 24
66.7%
0.5%
Q1 24
68.3%
0.1%
Cash Conversion
BFS
BFS
PAR
PAR
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×
-0.26×
Q1 24
2.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

PAR
PAR

Subscription Service$76.1M63%
Hardware$27.8M23%
Professional Service$16.2M13%

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