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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and RCI HOSPITALITY HOLDINGS, INC. (RICK). Click either name above to swap in a different company.

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $70.9M, roughly 1.1× RCI HOSPITALITY HOLDINGS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -7.8%, a 16.4% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -3.1%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -2.0%).

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.

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

BFS vs RICK — Head-to-Head

Bigger by revenue
BFS
BFS
1.1× larger
BFS
$75.1M
$70.9M
RICK
Growing faster (revenue YoY)
BFS
BFS
+13.8% gap
BFS
10.6%
-3.1%
RICK
Higher net margin
BFS
BFS
16.4% more per $
BFS
8.7%
-7.8%
RICK
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-2.0%
RICK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
RICK
RICK
Revenue
$75.1M
$70.9M
Net Profit
$6.5M
$-5.5M
Gross Margin
Operating Margin
65.4%
-0.7%
Net Margin
8.7%
-7.8%
Revenue YoY
10.6%
-3.1%
Net Profit YoY
-19.6%
-2354.9%
EPS (diluted)
$0.15
$-0.60

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
RICK
RICK
Q4 25
$75.1M
Q3 25
$72.0M
$70.9M
Q2 25
$70.8M
$71.1M
Q1 25
$71.9M
$65.9M
Q4 24
$67.9M
$71.5M
Q3 24
$67.3M
$73.2M
Q2 24
$66.9M
$76.2M
Q1 24
$66.7M
$72.3M
Net Profit
BFS
BFS
RICK
RICK
Q4 25
$6.5M
Q3 25
$10.5M
$-5.5M
Q2 25
$10.7M
$4.1M
Q1 25
$9.8M
$3.2M
Q4 24
$8.1M
$9.0M
Q3 24
$14.5M
$244.0K
Q2 24
$14.4M
$-5.2M
Q1 24
$13.6M
$774.0K
Gross Margin
BFS
BFS
RICK
RICK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
RICK
RICK
Q4 25
65.4%
Q3 25
69.1%
-0.7%
Q2 25
68.7%
12.2%
Q1 25
66.5%
12.4%
Q4 24
82.9%
19.5%
Q3 24
72.8%
4.8%
Q2 24
75.0%
-3.3%
Q1 24
72.4%
6.4%
Net Margin
BFS
BFS
RICK
RICK
Q4 25
8.7%
Q3 25
14.6%
-7.8%
Q2 25
15.1%
5.7%
Q1 25
13.6%
4.9%
Q4 24
11.9%
12.6%
Q3 24
21.5%
0.3%
Q2 24
21.6%
-6.9%
Q1 24
20.4%
1.1%
EPS (diluted)
BFS
BFS
RICK
RICK
Q4 25
$0.15
Q3 25
$0.32
$-0.60
Q2 25
$0.33
$0.46
Q1 25
$0.29
$0.36
Q4 24
$0.22
$1.01
Q3 24
$0.48
$0.04
Q2 24
$0.48
$-0.56
Q1 24
$0.45
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BFS
BFS
RICK
RICK
Cash + ST InvestmentsLiquidity on hand
$8.7M
$33.7M
Total DebtLower is stronger
$468.4M
$238.2M
Stockholders' EquityBook value
$307.8M
$261.1M
Total Assets
$2.2B
$596.9M
Debt / EquityLower = less leverage
1.52×
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
RICK
RICK
Q4 25
$8.7M
Q3 25
$11.8M
$33.7M
Q2 25
$5.3M
$29.3M
Q1 25
$6.5M
$32.7M
Q4 24
$10.3M
$34.7M
Q3 24
$7.2M
$32.4M
Q2 24
$6.9M
$34.9M
Q1 24
$7.1M
$20.0M
Total Debt
BFS
BFS
RICK
RICK
Q4 25
$468.4M
Q3 25
$1.6B
$238.2M
Q2 25
$1.6B
$243.8M
Q1 25
$1.5B
$244.1M
Q4 24
$455.8M
Q3 24
$1.5B
$241.1M
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
RICK
RICK
Q4 25
$307.8M
Q3 25
$316.6M
$261.1M
Q2 25
$322.4M
$269.5M
Q1 25
$328.4M
$268.8M
Q4 24
$335.8M
$269.0M
Q3 24
$341.8M
$263.4M
Q2 24
$345.7M
$271.2M
Q1 24
$347.1M
$285.8M
Total Assets
BFS
BFS
RICK
RICK
Q4 25
$2.2B
Q3 25
$2.2B
$596.9M
Q2 25
$2.1B
$597.4M
Q1 25
$2.1B
$589.8M
Q4 24
$2.1B
$586.2M
Q3 24
$2.1B
$584.4M
Q2 24
$2.1B
$601.0M
Q1 24
$2.0B
$609.9M
Debt / Equity
BFS
BFS
RICK
RICK
Q4 25
1.52×
Q3 25
5.02×
0.91×
Q2 25
4.85×
0.90×
Q1 25
4.70×
0.91×
Q4 24
1.36×
Q3 24
4.37×
0.92×
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
RICK
RICK
Operating Cash FlowLast quarter
$99.8M
$13.7M
Free Cash FlowOCF − Capex
$11.5M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
RICK
RICK
Q4 25
$99.8M
Q3 25
$20.6M
$13.7M
Q2 25
$26.6M
$13.8M
Q1 25
$30.4M
$8.5M
Q4 24
$121.2M
$13.3M
Q3 24
$26.5M
$15.7M
Q2 24
$32.1M
$15.8M
Q1 24
$33.8M
$10.8M
Free Cash Flow
BFS
BFS
RICK
RICK
Q4 25
Q3 25
$11.5M
Q2 25
$10.1M
Q1 25
$5.7M
Q4 24
$7.6M
Q3 24
$-28.3M
$10.3M
Q2 24
$-12.5M
$9.3M
Q1 24
$-11.7M
$3.2M
FCF Margin
BFS
BFS
RICK
RICK
Q4 25
Q3 25
16.2%
Q2 25
14.2%
Q1 25
8.6%
Q4 24
10.6%
Q3 24
-42.1%
14.0%
Q2 24
-18.7%
12.3%
Q1 24
-17.6%
4.4%
Capex Intensity
BFS
BFS
RICK
RICK
Q4 25
Q3 25
3.2%
Q2 25
5.2%
Q1 25
4.3%
Q4 24
8.0%
Q3 24
81.5%
7.3%
Q2 24
66.7%
8.4%
Q1 24
68.3%
10.6%
Cash Conversion
BFS
BFS
RICK
RICK
Q4 25
15.35×
Q3 25
1.97×
Q2 25
2.48×
3.40×
Q1 25
3.10×
2.65×
Q4 24
14.98×
1.48×
Q3 24
1.83×
64.14×
Q2 24
2.22×
Q1 24
2.48×
14.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

Segment breakdown not available.

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

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