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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and PETMED EXPRESS INC (PETS). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $40.7M, roughly 1.8× PETMED EXPRESS INC). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -26.0%, a 34.6% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -23.3%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -20.9%).
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.
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
BFS vs PETS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $40.7M |
| Net Profit | $6.5M | $-10.6M |
| Gross Margin | — | 23.3% |
| Operating Margin | 65.4% | -25.7% |
| Net Margin | 8.7% | -26.0% |
| Revenue YoY | 10.6% | -23.3% |
| Net Profit YoY | -19.6% | -1392.6% |
| EPS (diluted) | $0.15 | $-0.50 |
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 | $40.7M | ||
| Q3 25 | $72.0M | $44.4M | ||
| Q2 25 | $70.8M | $51.2M | ||
| Q1 25 | $71.9M | $50.8M | ||
| Q4 24 | $67.9M | $52.0M | ||
| Q3 24 | $67.3M | $58.0M | ||
| Q2 24 | $66.9M | $66.2M | ||
| Q1 24 | $66.7M | $65.1M |
| Q4 25 | $6.5M | $-10.6M | ||
| Q3 25 | $10.5M | $-8.5M | ||
| Q2 25 | $10.7M | $-34.2M | ||
| Q1 25 | $9.8M | $-11.6M | ||
| Q4 24 | $8.1M | $-707.0K | ||
| Q3 24 | $14.5M | $2.3M | ||
| Q2 24 | $14.4M | $3.8M | ||
| Q1 24 | $13.6M | $-5.0M |
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | 73.6% | 32.3% | ||
| Q2 24 | 74.2% | 28.8% | ||
| Q1 24 | 72.8% | 29.3% |
| Q4 25 | 65.4% | -25.7% | ||
| Q3 25 | 69.1% | -18.9% | ||
| Q2 25 | 68.7% | -66.7% | ||
| Q1 25 | 66.5% | -11.9% | ||
| Q4 24 | 82.9% | -0.9% | ||
| Q3 24 | 72.8% | 1.0% | ||
| Q2 24 | 75.0% | 6.6% | ||
| Q1 24 | 72.4% | -5.9% |
| Q4 25 | 8.7% | -26.0% | ||
| Q3 25 | 14.6% | -19.2% | ||
| Q2 25 | 15.1% | -66.7% | ||
| Q1 25 | 13.6% | -22.9% | ||
| Q4 24 | 11.9% | -1.4% | ||
| Q3 24 | 21.5% | 4.0% | ||
| Q2 24 | 21.6% | 5.7% | ||
| Q1 24 | 20.4% | -7.7% |
| Q4 25 | $0.15 | $-0.50 | ||
| Q3 25 | $0.32 | $-0.41 | ||
| Q2 25 | $0.33 | $-1.65 | ||
| Q1 25 | $0.29 | $-0.56 | ||
| Q4 24 | $0.22 | $-0.03 | ||
| Q3 24 | $0.48 | $0.11 | ||
| Q2 24 | $0.48 | $0.18 | ||
| Q1 24 | $0.45 | $-0.24 |
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 | $26.9M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $32.8M |
| Total Assets | $2.2B | $88.0M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $26.9M | ||
| Q3 25 | $11.8M | $36.1M | ||
| Q2 25 | $5.3M | $41.1M | ||
| Q1 25 | $6.5M | $54.7M | ||
| Q4 24 | $10.3M | $50.1M | ||
| Q3 24 | $7.2M | $52.0M | ||
| Q2 24 | $6.9M | $46.0M | ||
| Q1 24 | $7.1M | $55.3M |
| Q4 25 | $468.4M | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | $32.8M | ||
| Q3 25 | $316.6M | $43.1M | ||
| Q2 25 | $322.4M | $51.5M | ||
| Q1 25 | $328.4M | $85.1M | ||
| Q4 24 | $335.8M | $96.2M | ||
| Q3 24 | $341.8M | $96.4M | ||
| Q2 24 | $345.7M | $93.5M | ||
| Q1 24 | $347.1M | $96.7M |
| Q4 25 | $2.2B | $88.0M | ||
| Q3 25 | $2.2B | $100.3M | ||
| Q2 25 | $2.1B | $109.8M | ||
| Q1 25 | $2.1B | $148.7M | ||
| Q4 24 | $2.1B | $144.8M | ||
| Q3 24 | $2.1B | $146.0M | ||
| Q2 24 | $2.1B | $152.7M | ||
| Q1 24 | $2.0B | $169.9M |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 5.02× | — | ||
| Q2 25 | 4.85× | — | ||
| Q1 25 | 4.70× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $99.8M | $-9.2M |
| Free Cash FlowOCF − Capex | — | $-9.2M |
| FCF MarginFCF / Revenue | — | -22.7% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-9.2M | ||
| Q3 25 | $20.6M | $-2.2M | ||
| Q2 25 | $26.6M | $-12.3M | ||
| Q1 25 | $30.4M | $7.0M | ||
| Q4 24 | $121.2M | $-1.2M | ||
| Q3 24 | $26.5M | $7.4M | ||
| Q2 24 | $32.1M | $-8.5M | ||
| Q1 24 | $33.8M | $7.1M |
| Q4 25 | — | $-9.2M | ||
| Q3 25 | — | $-4.8M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $4.6M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | $-28.3M | $6.1M | ||
| Q2 24 | $-12.5M | $-9.2M | ||
| Q1 24 | $-11.7M | $5.9M |
| Q4 25 | — | -22.7% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | -26.5% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | -3.7% | ||
| Q3 24 | -42.1% | 10.6% | ||
| Q2 24 | -18.7% | -13.9% | ||
| Q1 24 | -17.6% | 9.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 81.5% | 2.2% | ||
| Q2 24 | 66.7% | 1.0% | ||
| Q1 24 | 68.3% | 1.9% |
| Q4 25 | 15.35× | — | ||
| Q3 25 | 1.97× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 3.10× | — | ||
| Q4 24 | 14.98× | — | ||
| Q3 24 | 1.83× | 3.18× | ||
| Q2 24 | 2.22× | -2.27× | ||
| 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.
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
