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

PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $75.1M, roughly 1.7× SAUL CENTERS, INC.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 8.7%, a 121.1% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs 4.7%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 5.9%).

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.

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

BFS vs PD — Head-to-Head

Bigger by revenue
PD
PD
1.7× larger
PD
$124.5M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+5.9% gap
BFS
10.6%
4.7%
PD
Higher net margin
PD
PD
121.1% more per $
PD
129.7%
8.7%
BFS
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
5.9%
PD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BFS
BFS
PD
PD
Revenue
$75.1M
$124.5M
Net Profit
$6.5M
$161.6M
Gross Margin
85.3%
Operating Margin
65.4%
6.5%
Net Margin
8.7%
129.7%
Revenue YoY
10.6%
4.7%
Net Profit YoY
-19.6%
2827.7%
EPS (diluted)
$0.15
$1.69

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
PD
PD
Q4 25
$75.1M
$124.5M
Q3 25
$72.0M
$123.4M
Q2 25
$70.8M
$119.8M
Q1 25
$71.9M
$121.4M
Q4 24
$67.9M
$118.9M
Q3 24
$67.3M
$115.9M
Q2 24
$66.9M
$111.2M
Q1 24
$66.7M
$111.1M
Net Profit
BFS
BFS
PD
PD
Q4 25
$6.5M
$161.6M
Q3 25
$10.5M
$9.6M
Q2 25
$10.7M
$-7.2M
Q1 25
$9.8M
$-8.8M
Q4 24
$8.1M
$-5.9M
Q3 24
$14.5M
$-10.9M
Q2 24
$14.4M
$-17.1M
Q1 24
$13.6M
$-28.2M
Gross Margin
BFS
BFS
PD
PD
Q4 25
85.3%
Q3 25
84.6%
Q2 25
84.0%
Q1 25
83.6%
Q4 24
83.0%
Q3 24
73.6%
82.7%
Q2 24
74.2%
82.6%
Q1 24
72.8%
81.7%
Operating Margin
BFS
BFS
PD
PD
Q4 25
65.4%
6.5%
Q3 25
69.1%
2.9%
Q2 25
68.7%
-8.6%
Q1 25
66.5%
-9.6%
Q4 24
82.9%
-8.7%
Q3 24
72.8%
-13.8%
Q2 24
75.0%
-19.5%
Q1 24
72.4%
-30.1%
Net Margin
BFS
BFS
PD
PD
Q4 25
8.7%
129.7%
Q3 25
14.6%
7.8%
Q2 25
15.1%
-6.0%
Q1 25
13.6%
-7.2%
Q4 24
11.9%
-5.0%
Q3 24
21.5%
-9.4%
Q2 24
21.6%
-15.4%
Q1 24
20.4%
-25.3%
EPS (diluted)
BFS
BFS
PD
PD
Q4 25
$0.15
$1.69
Q3 25
$0.32
$0.10
Q2 25
$0.33
$-0.07
Q1 25
$0.29
$-0.12
Q4 24
$0.22
$-0.07
Q3 24
$0.48
$-0.14
Q2 24
$0.48
$-0.26
Q1 24
$0.45
$-0.34

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
PD
PD
Cash + ST InvestmentsLiquidity on hand
$8.7M
$547.8M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$320.5M
Total Assets
$2.2B
$1.0B
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
PD
PD
Q4 25
$8.7M
$547.8M
Q3 25
$11.8M
$567.9M
Q2 25
$5.3M
$597.1M
Q1 25
$6.5M
$570.8M
Q4 24
$10.3M
$542.2M
Q3 24
$7.2M
$599.3M
Q2 24
$6.9M
$592.8M
Q1 24
$7.1M
$571.2M
Total Debt
BFS
BFS
PD
PD
Q4 25
$468.4M
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
$484.5M
Q4 24
$455.8M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
$489.5M
Stockholders' Equity
BFS
BFS
PD
PD
Q4 25
$307.8M
$320.5M
Q3 25
$316.6M
$180.7M
Q2 25
$322.4M
$145.7M
Q1 25
$328.4M
$129.8M
Q4 24
$335.8M
$111.6M
Q3 24
$341.8M
$164.7M
Q2 24
$345.7M
$174.0M
Q1 24
$347.1M
$171.6M
Total Assets
BFS
BFS
PD
PD
Q4 25
$2.2B
$1.0B
Q3 25
$2.2B
$891.5M
Q2 25
$2.1B
$926.8M
Q1 25
$2.1B
$927.3M
Q4 24
$2.1B
$866.8M
Q3 24
$2.1B
$916.0M
Q2 24
$2.1B
$924.0M
Q1 24
$2.0B
$925.3M
Debt / Equity
BFS
BFS
PD
PD
Q4 25
1.52×
Q3 25
5.02×
Q2 25
4.85×
Q1 25
4.70×
3.73×
Q4 24
1.36×
Q3 24
4.37×
Q2 24
4.17×
Q1 24
4.06×
2.85×

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
PD
PD
Operating Cash FlowLast quarter
$99.8M
$24.8M
Free Cash FlowOCF − Capex
$24.1M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
15.35×
0.15×
TTM Free Cash FlowTrailing 4 quarters
$117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
PD
PD
Q4 25
$99.8M
$24.8M
Q3 25
$20.6M
$34.0M
Q2 25
$26.6M
$30.7M
Q1 25
$30.4M
$31.4M
Q4 24
$121.2M
$22.1M
Q3 24
$26.5M
$35.8M
Q2 24
$32.1M
$28.6M
Q1 24
$33.8M
$22.2M
Free Cash Flow
BFS
BFS
PD
PD
Q4 25
$24.1M
Q3 25
$33.1M
Q2 25
$30.2M
Q1 25
$30.3M
Q4 24
$21.5M
Q3 24
$-28.3M
$35.1M
Q2 24
$-12.5M
$28.2M
Q1 24
$-11.7M
$21.2M
FCF Margin
BFS
BFS
PD
PD
Q4 25
19.3%
Q3 25
26.8%
Q2 25
25.2%
Q1 25
24.9%
Q4 24
18.1%
Q3 24
-42.1%
30.3%
Q2 24
-18.7%
25.4%
Q1 24
-17.6%
19.1%
Capex Intensity
BFS
BFS
PD
PD
Q4 25
0.6%
Q3 25
0.7%
Q2 25
0.4%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
81.5%
0.5%
Q2 24
66.7%
0.4%
Q1 24
68.3%
0.9%
Cash Conversion
BFS
BFS
PD
PD
Q4 25
15.35×
0.15×
Q3 25
1.97×
3.55×
Q2 25
2.48×
Q1 25
3.10×
Q4 24
14.98×
Q3 24
1.83×
Q2 24
2.22×
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.

PD
PD

US$88.8M71%
Non Us$35.7M29%

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