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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($78.2M vs $75.1M, roughly 1.0× SAUL CENTERS, INC.). Sezzle Inc. runs the higher net margin — 54.6% vs 8.7%, a 45.9% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 10.6%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs 6.2%).
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.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
BFS vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $78.2M |
| Net Profit | $6.5M | $42.7M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | 70.6% |
| Net Margin | 8.7% | 54.6% |
| Revenue YoY | 10.6% | 61.6% |
| Net Profit YoY | -19.6% | 68.3% |
| EPS (diluted) | $0.15 | $1.19 |
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 | $78.2M | ||
| Q3 25 | $72.0M | $57.5M | ||
| Q2 25 | $70.8M | $52.0M | ||
| Q1 25 | $71.9M | $48.2M | ||
| Q4 24 | $67.9M | $48.4M | ||
| Q3 24 | $67.3M | $35.6M | ||
| Q2 24 | $66.9M | $30.2M | ||
| Q1 24 | $66.7M | $25.2M |
| Q4 25 | $6.5M | $42.7M | ||
| Q3 25 | $10.5M | $26.7M | ||
| Q2 25 | $10.7M | $27.6M | ||
| Q1 25 | $9.8M | $36.2M | ||
| Q4 24 | $8.1M | $25.4M | ||
| Q3 24 | $14.5M | $15.4M | ||
| Q2 24 | $14.4M | $29.7M | ||
| Q1 24 | $13.6M | $8.0M |
| 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% | 70.6% | ||
| Q3 25 | 69.1% | 61.9% | ||
| Q2 25 | 68.7% | 69.4% | ||
| Q1 25 | 66.5% | — | ||
| Q4 24 | 82.9% | 63.8% | ||
| Q3 24 | 72.8% | 58.6% | ||
| Q2 24 | 75.0% | 55.3% | ||
| Q1 24 | 72.4% | 54.8% |
| Q4 25 | 8.7% | 54.6% | ||
| Q3 25 | 14.6% | 46.4% | ||
| Q2 25 | 15.1% | 53.1% | ||
| Q1 25 | 13.6% | 75.1% | ||
| Q4 24 | 11.9% | 52.4% | ||
| Q3 24 | 21.5% | 43.4% | ||
| Q2 24 | 21.6% | 98.4% | ||
| Q1 24 | 20.4% | 31.7% |
| Q4 25 | $0.15 | $1.19 | ||
| Q3 25 | $0.32 | $0.75 | ||
| Q2 25 | $0.33 | $0.78 | ||
| Q1 25 | $0.29 | $1.00 | ||
| Q4 24 | $0.22 | $0.71 | ||
| Q3 24 | $0.48 | $0.44 | ||
| Q2 24 | $0.48 | $0.82 | ||
| Q1 24 | $0.45 | $0.22 |
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 | $64.1M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $169.8M |
| Total Assets | $2.2B | $400.2M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $64.1M | ||
| Q3 25 | $11.8M | $104.1M | ||
| Q2 25 | $5.3M | $88.9M | ||
| Q1 25 | $6.5M | $88.9M | ||
| Q4 24 | $10.3M | $73.2M | ||
| Q3 24 | $7.2M | $80.1M | ||
| Q2 24 | $6.9M | $58.0M | ||
| Q1 24 | $7.1M | $77.8M |
| 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 | $169.8M | ||
| Q3 25 | $316.6M | $155.3M | ||
| Q2 25 | $322.4M | $130.4M | ||
| Q1 25 | $328.4M | $125.8M | ||
| Q4 24 | $335.8M | $87.8M | ||
| Q3 24 | $341.8M | $61.1M | ||
| Q2 24 | $345.7M | $50.3M | ||
| Q1 24 | $347.1M | $29.6M |
| Q4 25 | $2.2B | $400.2M | ||
| Q3 25 | $2.2B | $367.0M | ||
| Q2 25 | $2.1B | $350.6M | ||
| Q1 25 | $2.1B | $298.1M | ||
| Q4 24 | $2.1B | $298.4M | ||
| Q3 24 | $2.1B | $252.9M | ||
| Q2 24 | $2.1B | $212.1M | ||
| Q1 24 | $2.0B | $195.7M |
| 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 | $70.6M |
| Free Cash FlowOCF − Capex | — | $70.6M |
| FCF MarginFCF / Revenue | — | 90.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 15.35× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $209.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $70.6M | ||
| Q3 25 | $20.6M | $63.7M | ||
| Q2 25 | $26.6M | $23.1M | ||
| Q1 25 | $30.4M | $52.5M | ||
| Q4 24 | $121.2M | $57.4M | ||
| Q3 24 | $26.5M | $35.1M | ||
| Q2 24 | $32.1M | $22.2M | ||
| Q1 24 | $33.8M | $16.0M |
| Q4 25 | — | $70.6M | ||
| Q3 25 | — | $63.6M | ||
| Q2 25 | — | $22.7M | ||
| Q1 25 | — | $52.5M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | $-28.3M | $35.1M | ||
| Q2 24 | $-12.5M | $22.2M | ||
| Q1 24 | $-11.7M | $16.0M |
| Q4 25 | — | 90.2% | ||
| Q3 25 | — | 110.6% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 108.9% | ||
| Q4 24 | — | 118.5% | ||
| Q3 24 | -42.1% | 98.6% | ||
| Q2 24 | -18.7% | 73.4% | ||
| Q1 24 | -17.6% | 63.3% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 81.5% | 0.0% | ||
| Q2 24 | 66.7% | 0.1% | ||
| Q1 24 | 68.3% | 0.0% |
| Q4 25 | 15.35× | 1.65× | ||
| Q3 25 | 1.97× | 2.39× | ||
| Q2 25 | 2.48× | 0.84× | ||
| Q1 25 | 3.10× | 1.45× | ||
| Q4 24 | 14.98× | 2.26× | ||
| Q3 24 | 1.83× | 2.27× | ||
| Q2 24 | 2.22× | 0.75× | ||
| Q1 24 | 2.48× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
SEZL
| Merchant And Partner Income | $28.9M | 37% |
| Transaction Income | $25.9M | 33% |
| Income From Other Services Late Payment Fees | $20.5M | 26% |
| Other | $2.9M | 4% |
