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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $49.0M, roughly 1.5× Quipt Home Medical Corp.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -2.1%, a 10.8% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% 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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

BFS vs QIPT — Head-to-Head

Bigger by revenue
BFS
BFS
1.5× larger
BFS
$75.1M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+21.6% gap
QIPT
32.3%
10.6%
BFS
Higher net margin
BFS
BFS
10.8% more per $
BFS
8.7%
-2.1%
QIPT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFS
BFS
QIPT
QIPT
Revenue
$75.1M
$49.0M
Net Profit
$6.5M
$-1.1M
Gross Margin
53.5%
Operating Margin
65.4%
2.1%
Net Margin
8.7%
-2.1%
Revenue YoY
10.6%
32.3%
Net Profit YoY
-19.6%
2.9%
EPS (diluted)
$0.15
$-0.02

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
QIPT
QIPT
Q4 25
$75.1M
$49.0M
Q3 25
$72.0M
$39.8M
Q2 25
$70.8M
$35.1M
Q1 25
$71.9M
$33.3M
Q4 24
$67.9M
$37.1M
Q3 24
$67.3M
Q2 24
$66.9M
Q1 24
$66.7M
Net Profit
BFS
BFS
QIPT
QIPT
Q4 25
$6.5M
$-1.1M
Q3 25
$10.5M
$-3.5M
Q2 25
$10.7M
$-3.0M
Q1 25
$9.8M
$-3.0M
Q4 24
$8.1M
$-1.1M
Q3 24
$14.5M
Q2 24
$14.4M
Q1 24
$13.6M
Gross Margin
BFS
BFS
QIPT
QIPT
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
QIPT
QIPT
Q4 25
65.4%
2.1%
Q3 25
69.1%
-3.6%
Q2 25
68.7%
-5.2%
Q1 25
66.5%
-3.0%
Q4 24
82.9%
1.2%
Q3 24
72.8%
Q2 24
75.0%
Q1 24
72.4%
Net Margin
BFS
BFS
QIPT
QIPT
Q4 25
8.7%
-2.1%
Q3 25
14.6%
-8.9%
Q2 25
15.1%
-8.6%
Q1 25
13.6%
-9.1%
Q4 24
11.9%
-2.9%
Q3 24
21.5%
Q2 24
21.6%
Q1 24
20.4%
EPS (diluted)
BFS
BFS
QIPT
QIPT
Q4 25
$0.15
$-0.02
Q3 25
$0.32
$-0.07
Q2 25
$0.33
$-0.07
Q1 25
$0.29
$-0.07
Q4 24
$0.22
$-0.03
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
BFS
BFS
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$8.7M
$10.5M
Total DebtLower is stronger
$468.4M
$84.0M
Stockholders' EquityBook value
$307.8M
$113.0M
Total Assets
$2.2B
$280.7M
Debt / EquityLower = less leverage
1.52×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
QIPT
QIPT
Q4 25
$8.7M
$10.5M
Q3 25
$11.8M
$12.9M
Q2 25
$5.3M
$11.3M
Q1 25
$6.5M
$17.1M
Q4 24
$10.3M
$15.5M
Q3 24
$7.2M
Q2 24
$6.9M
Q1 24
$7.1M
Total Debt
BFS
BFS
QIPT
QIPT
Q4 25
$468.4M
$84.0M
Q3 25
$1.6B
$87.6M
Q2 25
$1.6B
$66.0M
Q1 25
$1.5B
$71.5M
Q4 24
$455.8M
$70.6M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
QIPT
QIPT
Q4 25
$307.8M
$113.0M
Q3 25
$316.6M
$112.1M
Q2 25
$322.4M
$102.5M
Q1 25
$328.4M
$103.6M
Q4 24
$335.8M
$106.3M
Q3 24
$341.8M
Q2 24
$345.7M
Q1 24
$347.1M
Total Assets
BFS
BFS
QIPT
QIPT
Q4 25
$2.2B
$280.7M
Q3 25
$2.2B
$283.3M
Q2 25
$2.1B
$236.1M
Q1 25
$2.1B
$244.6M
Q4 24
$2.1B
$242.8M
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.0B
Debt / Equity
BFS
BFS
QIPT
QIPT
Q4 25
1.52×
0.74×
Q3 25
5.02×
0.78×
Q2 25
4.85×
0.64×
Q1 25
4.70×
0.69×
Q4 24
1.36×
0.66×
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
QIPT
QIPT
Operating Cash FlowLast quarter
$99.8M
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
QIPT
QIPT
Q4 25
$99.8M
$8.9M
Q3 25
$20.6M
$9.8M
Q2 25
$26.6M
$9.7M
Q1 25
$30.4M
$8.9M
Q4 24
$121.2M
$9.3M
Q3 24
$26.5M
Q2 24
$32.1M
Q1 24
$33.8M
Free Cash Flow
BFS
BFS
QIPT
QIPT
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$5.6M
Q3 24
$-28.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
QIPT
QIPT
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
15.2%
Q3 24
-42.1%
Q2 24
-18.7%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
QIPT
QIPT
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
9.9%
Q3 24
81.5%
Q2 24
66.7%
Q1 24
68.3%
Cash Conversion
BFS
BFS
QIPT
QIPT
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×
Q1 24
2.48×

Financial Flow Comparison

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

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