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

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $62.4M, roughly 1.2× PDF SOLUTIONS INC). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -0.1%, a 8.7% gap on every dollar of revenue. On growth, PDF SOLUTIONS INC posted the faster year-over-year revenue change (24.6% vs 10.6%). Over the past eight quarters, PDF SOLUTIONS INC's revenue compounded faster (22.9% 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.

PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.

BFS vs PDFS — Head-to-Head

Bigger by revenue
BFS
BFS
1.2× larger
BFS
$75.1M
$62.4M
PDFS
Growing faster (revenue YoY)
PDFS
PDFS
+14.0% gap
PDFS
24.6%
10.6%
BFS
Higher net margin
BFS
BFS
8.7% more per $
BFS
8.7%
-0.1%
PDFS
Faster 2-yr revenue CAGR
PDFS
PDFS
Annualised
PDFS
22.9%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
PDFS
PDFS
Revenue
$75.1M
$62.4M
Net Profit
$6.5M
$-48.0K
Gross Margin
72.9%
Operating Margin
65.4%
5.5%
Net Margin
8.7%
-0.1%
Revenue YoY
10.6%
24.6%
Net Profit YoY
-19.6%
-108.9%
EPS (diluted)
$0.15
$0.00

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
PDFS
PDFS
Q4 25
$75.1M
$62.4M
Q3 25
$72.0M
$57.1M
Q2 25
$70.8M
$51.7M
Q1 25
$71.9M
$47.8M
Q4 24
$67.9M
$50.1M
Q3 24
$67.3M
$46.4M
Q2 24
$66.9M
$41.7M
Q1 24
$66.7M
$41.3M
Net Profit
BFS
BFS
PDFS
PDFS
Q4 25
$6.5M
$-48.0K
Q3 25
$10.5M
$1.3M
Q2 25
$10.7M
$1.1M
Q1 25
$9.8M
$-3.0M
Q4 24
$8.1M
$539.0K
Q3 24
$14.5M
$2.2M
Q2 24
$14.4M
$1.7M
Q1 24
$13.6M
$-393.0K
Gross Margin
BFS
BFS
PDFS
PDFS
Q4 25
72.9%
Q3 25
72.3%
Q2 25
71.2%
Q1 25
72.9%
Q4 24
68.3%
Q3 24
73.6%
73.1%
Q2 24
74.2%
70.6%
Q1 24
72.8%
67.3%
Operating Margin
BFS
BFS
PDFS
PDFS
Q4 25
65.4%
5.5%
Q3 25
69.1%
8.5%
Q2 25
68.7%
2.2%
Q1 25
66.5%
-7.4%
Q4 24
82.9%
1.0%
Q3 24
72.8%
4.6%
Q2 24
75.0%
0.6%
Q1 24
72.4%
-4.7%
Net Margin
BFS
BFS
PDFS
PDFS
Q4 25
8.7%
-0.1%
Q3 25
14.6%
2.3%
Q2 25
15.1%
2.2%
Q1 25
13.6%
-6.3%
Q4 24
11.9%
1.1%
Q3 24
21.5%
4.8%
Q2 24
21.6%
4.1%
Q1 24
20.4%
-1.0%
EPS (diluted)
BFS
BFS
PDFS
PDFS
Q4 25
$0.15
$0.00
Q3 25
$0.32
$0.03
Q2 25
$0.33
$0.03
Q1 25
$0.29
$-0.08
Q4 24
$0.22
$0.01
Q3 24
$0.48
$0.06
Q2 24
$0.48
$0.04
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
PDFS
PDFS
Cash + ST InvestmentsLiquidity on hand
$8.7M
$42.2M
Total DebtLower is stronger
$468.4M
$67.0M
Stockholders' EquityBook value
$307.8M
$271.0M
Total Assets
$2.2B
$418.7M
Debt / EquityLower = less leverage
1.52×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
PDFS
PDFS
Q4 25
$8.7M
$42.2M
Q3 25
$11.8M
$35.9M
Q2 25
$5.3M
$40.4M
Q1 25
$6.5M
$54.1M
Q4 24
$10.3M
$114.9M
Q3 24
$7.2M
$120.2M
Q2 24
$6.9M
$117.9M
Q1 24
$7.1M
$122.9M
Total Debt
BFS
BFS
PDFS
PDFS
Q4 25
$468.4M
$67.0M
Q3 25
$1.6B
$67.6M
Q2 25
$1.6B
$68.1M
Q1 25
$1.5B
$68.7M
Q4 24
$455.8M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
PDFS
PDFS
Q4 25
$307.8M
$271.0M
Q3 25
$316.6M
$264.4M
Q2 25
$322.4M
$257.5M
Q1 25
$328.4M
$249.0M
Q4 24
$335.8M
$246.0M
Q3 24
$341.8M
$240.5M
Q2 24
$345.7M
$232.2M
Q1 24
$347.1M
$225.4M
Total Assets
BFS
BFS
PDFS
PDFS
Q4 25
$2.2B
$418.7M
Q3 25
$2.2B
$406.4M
Q2 25
$2.1B
$391.1M
Q1 25
$2.1B
$390.0M
Q4 24
$2.1B
$315.3M
Q3 24
$2.1B
$307.4M
Q2 24
$2.1B
$298.0M
Q1 24
$2.0B
$286.8M
Debt / Equity
BFS
BFS
PDFS
PDFS
Q4 25
1.52×
0.25×
Q3 25
5.02×
0.26×
Q2 25
4.85×
0.26×
Q1 25
4.70×
0.28×
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
BFS
BFS
PDFS
PDFS
Operating Cash FlowLast quarter
$99.8M
$17.3M
Free Cash FlowOCF − Capex
$7.5M
FCF MarginFCF / Revenue
12.1%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$-8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
PDFS
PDFS
Q4 25
$99.8M
$17.3M
Q3 25
$20.6M
$3.3M
Q2 25
$26.6M
$-5.2M
Q1 25
$30.4M
$8.6M
Q4 24
$121.2M
$1.6M
Q3 24
$26.5M
$9.3M
Q2 24
$32.1M
$684.0K
Q1 24
$33.8M
$-1.9M
Free Cash Flow
BFS
BFS
PDFS
PDFS
Q4 25
$7.5M
Q3 25
$-2.9M
Q2 25
$-13.8M
Q1 25
$535.0K
Q4 24
$-4.0M
Q3 24
$-28.3M
$5.1M
Q2 24
$-12.5M
$-4.6M
Q1 24
$-11.7M
$-3.9M
FCF Margin
BFS
BFS
PDFS
PDFS
Q4 25
12.1%
Q3 25
-5.1%
Q2 25
-26.6%
Q1 25
1.1%
Q4 24
-8.0%
Q3 24
-42.1%
11.0%
Q2 24
-18.7%
-11.1%
Q1 24
-17.6%
-9.4%
Capex Intensity
BFS
BFS
PDFS
PDFS
Q4 25
15.7%
Q3 25
10.8%
Q2 25
16.5%
Q1 25
17.0%
Q4 24
11.3%
Q3 24
81.5%
9.0%
Q2 24
66.7%
12.8%
Q1 24
68.3%
4.9%
Cash Conversion
BFS
BFS
PDFS
PDFS
Q4 25
15.35×
Q3 25
1.97×
2.54×
Q2 25
2.48×
-4.55×
Q1 25
3.10×
Q4 24
14.98×
2.98×
Q3 24
1.83×
4.20×
Q2 24
2.22×
0.40×
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.

PDFS
PDFS

Volumebased$38.0M61%
Other$24.4M39%

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