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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $50.3M, roughly 1.5× READING INTERNATIONAL INC). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -5.1%, a 13.8% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -14.2%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
BFS vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $50.3M |
| Net Profit | $6.5M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | -1.9% |
| Net Margin | 8.7% | -5.1% |
| Revenue YoY | 10.6% | -14.2% |
| Net Profit YoY | -19.6% | -14.5% |
| EPS (diluted) | $0.15 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $72.0M | $52.2M | ||
| Q2 25 | $70.8M | $60.4M | ||
| Q1 25 | $71.9M | $40.2M | ||
| Q4 24 | $67.9M | $58.6M | ||
| Q3 24 | $67.3M | $60.1M | ||
| Q2 24 | $66.9M | $46.8M | ||
| Q1 24 | $66.7M | $45.1M |
| Q4 25 | $6.5M | $-2.6M | ||
| Q3 25 | $10.5M | $-4.2M | ||
| Q2 25 | $10.7M | $-2.7M | ||
| Q1 25 | $9.8M | $-4.8M | ||
| Q4 24 | $8.1M | $-2.2M | ||
| Q3 24 | $14.5M | $-7.0M | ||
| Q2 24 | $14.4M | $-12.8M | ||
| Q1 24 | $13.6M | $-13.2M |
| 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% | -1.9% | ||
| Q3 25 | 69.1% | -0.6% | ||
| Q2 25 | 68.7% | 4.8% | ||
| Q1 25 | 66.5% | -17.2% | ||
| Q4 24 | 82.9% | 2.6% | ||
| Q3 24 | 72.8% | -0.6% | ||
| Q2 24 | 75.0% | -16.4% | ||
| Q1 24 | 72.4% | -16.7% |
| Q4 25 | 8.7% | -5.1% | ||
| Q3 25 | 14.6% | -8.0% | ||
| Q2 25 | 15.1% | -4.4% | ||
| Q1 25 | 13.6% | -11.8% | ||
| Q4 24 | 11.9% | -3.8% | ||
| Q3 24 | 21.5% | -11.7% | ||
| Q2 24 | 21.6% | -27.4% | ||
| Q1 24 | 20.4% | -29.4% |
| Q4 25 | $0.15 | $-0.11 | ||
| Q3 25 | $0.32 | $-0.18 | ||
| Q2 25 | $0.33 | $-0.12 | ||
| Q1 25 | $0.29 | $-0.21 | ||
| Q4 24 | $0.22 | $-0.11 | ||
| Q3 24 | $0.48 | $-0.31 | ||
| Q2 24 | $0.48 | $-0.57 | ||
| Q1 24 | $0.45 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $468.4M | $185.1M |
| Stockholders' EquityBook value | $307.8M | $-18.2M |
| Total Assets | $2.2B | $434.9M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $10.5M | ||
| Q3 25 | $11.8M | $8.1M | ||
| Q2 25 | $5.3M | $9.1M | ||
| Q1 25 | $6.5M | $5.9M | ||
| Q4 24 | $10.3M | $12.4M | ||
| Q3 24 | $7.2M | $10.1M | ||
| Q2 24 | $6.9M | $9.3M | ||
| Q1 24 | $7.1M | $7.5M |
| Q4 25 | $468.4M | $185.1M | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $455.8M | $202.7M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $307.8M | $-18.2M | ||
| Q3 25 | $316.6M | $-12.1M | ||
| Q2 25 | $322.4M | $-7.7M | ||
| Q1 25 | $328.4M | $-8.1M | ||
| Q4 24 | $335.8M | $-4.4M | ||
| Q3 24 | $341.8M | $1.6M | ||
| Q2 24 | $345.7M | $6.5M | ||
| Q1 24 | $347.1M | $18.0M |
| Q4 25 | $2.2B | $434.9M | ||
| Q3 25 | $2.2B | $435.2M | ||
| Q2 25 | $2.1B | $438.1M | ||
| Q1 25 | $2.1B | $441.0M | ||
| Q4 24 | $2.1B | $471.0M | ||
| Q3 24 | $2.1B | $495.7M | ||
| Q2 24 | $2.1B | $494.9M | ||
| Q1 24 | $2.0B | $494.9M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $4.3M | ||
| Q3 25 | $20.6M | $295.0K | ||
| Q2 25 | $26.6M | $1.6M | ||
| Q1 25 | $30.4M | $-7.7M | ||
| Q4 24 | $121.2M | $8.0M | ||
| Q3 24 | $26.5M | $1.3M | ||
| Q2 24 | $32.1M | $-10.4M | ||
| Q1 24 | $33.8M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $-28.3M | $-1.1M | ||
| Q2 24 | $-12.5M | $-10.6M | ||
| Q1 24 | $-11.7M | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | -42.1% | -1.8% | ||
| Q2 24 | -18.7% | -22.7% | ||
| Q1 24 | -17.6% | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 81.5% | 4.0% | ||
| Q2 24 | 66.7% | 0.5% | ||
| Q1 24 | 68.3% | 4.3% |
| 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.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
