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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $75.1M, roughly 1.6× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 3.5%, a 5.1% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 10.6%).
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.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
BFS vs PHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $120.3M |
| Net Profit | $6.5M | $4.3M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | 3.1% |
| Net Margin | 8.7% | 3.5% |
| Revenue YoY | 10.6% | 12.7% |
| Net Profit YoY | -19.6% | 129.7% |
| EPS (diluted) | $0.15 | $0.07 |
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 | $120.3M | ||
| Q3 25 | $72.0M | $117.3M | ||
| Q2 25 | $70.8M | $115.9M | ||
| Q1 25 | $71.9M | — | ||
| Q4 24 | $67.9M | — | ||
| Q3 24 | $67.3M | — | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $66.7M | — |
| Q4 25 | $6.5M | $4.3M | ||
| Q3 25 | $10.5M | $654.0K | ||
| Q2 25 | $10.7M | $-3.9M | ||
| Q1 25 | $9.8M | — | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $14.5M | — | ||
| Q2 24 | $14.4M | — | ||
| Q1 24 | $13.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 73.6% | — | ||
| Q2 24 | 74.2% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | 65.4% | 3.1% | ||
| Q3 25 | 69.1% | -1.3% | ||
| Q2 25 | 68.7% | -2.8% | ||
| Q1 25 | 66.5% | — | ||
| Q4 24 | 82.9% | — | ||
| Q3 24 | 72.8% | — | ||
| Q2 24 | 75.0% | — | ||
| Q1 24 | 72.4% | — |
| Q4 25 | 8.7% | 3.5% | ||
| Q3 25 | 14.6% | 0.6% | ||
| Q2 25 | 15.1% | -3.4% | ||
| Q1 25 | 13.6% | — | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 20.4% | — |
| Q4 25 | $0.15 | $0.07 | ||
| Q3 25 | $0.32 | $0.01 | ||
| Q2 25 | $0.33 | $-0.07 | ||
| Q1 25 | $0.29 | — | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.48 | — | ||
| Q2 24 | $0.48 | — | ||
| Q1 24 | $0.45 | — |
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 | $106.4M |
| Total DebtLower is stronger | $468.4M | $3.4M |
| Stockholders' EquityBook value | $307.8M | $320.3M |
| Total Assets | $2.2B | $423.5M |
| Debt / EquityLower = less leverage | 1.52× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $106.4M | ||
| Q3 25 | $11.8M | $98.3M | ||
| Q2 25 | $5.3M | $90.9M | ||
| Q1 25 | $6.5M | — | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $7.1M | — |
| Q4 25 | $468.4M | $3.4M | ||
| Q3 25 | $1.6B | $4.6M | ||
| Q2 25 | $1.6B | $6.2M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | $320.3M | ||
| Q3 25 | $316.6M | $298.0M | ||
| Q2 25 | $322.4M | $282.2M | ||
| Q1 25 | $328.4M | — | ||
| Q4 24 | $335.8M | — | ||
| Q3 24 | $341.8M | — | ||
| Q2 24 | $345.7M | — | ||
| Q1 24 | $347.1M | — |
| Q4 25 | $2.2B | $423.5M | ||
| Q3 25 | $2.2B | $408.6M | ||
| Q2 25 | $2.1B | $400.4M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | 1.52× | 0.01× | ||
| Q3 25 | 5.02× | 0.02× | ||
| Q2 25 | 4.85× | 0.02× | ||
| 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 | $15.5M |
| Free Cash FlowOCF − Capex | — | $12.2M |
| FCF MarginFCF / Revenue | — | 10.1% |
| Capex IntensityCapex / Revenue | — | 2.7% |
| Cash ConversionOCF / Net Profit | 15.35× | 3.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $15.5M | ||
| Q3 25 | $20.6M | $14.8M | ||
| Q2 25 | $26.6M | $14.8M | ||
| Q1 25 | $30.4M | — | ||
| Q4 24 | $121.2M | — | ||
| Q3 24 | $26.5M | — | ||
| Q2 24 | $32.1M | — | ||
| Q1 24 | $33.8M | — |
| Q4 25 | — | $12.2M | ||
| Q3 25 | — | $13.1M | ||
| Q2 25 | — | $11.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | — | ||
| Q2 24 | 66.7% | — | ||
| Q1 24 | 68.3% | — |
| Q4 25 | 15.35× | 3.62× | ||
| Q3 25 | 1.97× | 22.68× | ||
| 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
Segment breakdown not available.
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
