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

Skillsoft Corp. is the larger business by last-quarter revenue ($129.0M vs $75.1M, roughly 1.7× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -32.0%, a 40.7% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -6.0%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -3.2%).

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.

Skillsoft is an American educational technology company that produces learning management system software and content.

BFS vs SKIL — Head-to-Head

Bigger by revenue
SKIL
SKIL
1.7× larger
SKIL
$129.0M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+16.6% gap
BFS
10.6%
-6.0%
SKIL
Higher net margin
BFS
BFS
40.7% more per $
BFS
8.7%
-32.0%
SKIL
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-3.2%
SKIL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BFS
BFS
SKIL
SKIL
Revenue
$75.1M
$129.0M
Net Profit
$6.5M
$-41.3M
Gross Margin
72.7%
Operating Margin
65.4%
-26.6%
Net Margin
8.7%
-32.0%
Revenue YoY
10.6%
-6.0%
Net Profit YoY
-19.6%
-74.9%
EPS (diluted)
$0.15

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
SKIL
SKIL
Q4 25
$75.1M
$129.0M
Q3 25
$72.0M
$128.8M
Q2 25
$70.8M
$124.2M
Q1 25
$71.9M
$133.8M
Q4 24
$67.9M
$137.2M
Q3 24
$67.3M
$132.2M
Q2 24
$66.9M
$127.8M
Q1 24
$66.7M
$137.5M
Net Profit
BFS
BFS
SKIL
SKIL
Q4 25
$6.5M
$-41.3M
Q3 25
$10.5M
$-23.8M
Q2 25
$10.7M
$-38.0M
Q1 25
$9.8M
$-31.1M
Q4 24
$8.1M
$-23.6M
Q3 24
$14.5M
$-39.6M
Q2 24
$14.4M
$-27.6M
Q1 24
$13.6M
$-245.3M
Gross Margin
BFS
BFS
SKIL
SKIL
Q4 25
72.7%
Q3 25
74.5%
Q2 25
74.0%
Q1 25
74.9%
Q4 24
75.0%
Q3 24
73.6%
75.4%
Q2 24
74.2%
73.0%
Q1 24
72.8%
72.0%
Operating Margin
BFS
BFS
SKIL
SKIL
Q4 25
65.4%
-26.6%
Q3 25
69.1%
-9.2%
Q2 25
68.7%
-14.6%
Q1 25
66.5%
-12.9%
Q4 24
82.9%
-6.7%
Q3 24
72.8%
-14.6%
Q2 24
75.0%
-18.6%
Q1 24
72.4%
-165.8%
Net Margin
BFS
BFS
SKIL
SKIL
Q4 25
8.7%
-32.0%
Q3 25
14.6%
-18.5%
Q2 25
15.1%
-30.6%
Q1 25
13.6%
-23.3%
Q4 24
11.9%
-17.2%
Q3 24
21.5%
-29.9%
Q2 24
21.6%
-21.6%
Q1 24
20.4%
-178.4%
EPS (diluted)
BFS
BFS
SKIL
SKIL
Q4 25
$0.15
Q3 25
$0.32
Q2 25
$0.33
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
BFS
BFS
SKIL
SKIL
Cash + ST InvestmentsLiquidity on hand
$8.7M
$74.6M
Total DebtLower is stronger
$468.4M
$570.2M
Stockholders' EquityBook value
$307.8M
$4.0M
Total Assets
$2.2B
$897.6M
Debt / EquityLower = less leverage
1.52×
142.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
SKIL
SKIL
Q4 25
$8.7M
$74.6M
Q3 25
$11.8M
$100.5M
Q2 25
$5.3M
$127.8M
Q1 25
$6.5M
$100.8M
Q4 24
$10.3M
$97.9M
Q3 24
$7.2M
$122.7M
Q2 24
$6.9M
$142.0M
Q1 24
$7.1M
$136.3M
Total Debt
BFS
BFS
SKIL
SKIL
Q4 25
$468.4M
$570.2M
Q3 25
$1.6B
$571.2M
Q2 25
$1.6B
$572.2M
Q1 25
$1.5B
$573.3M
Q4 24
$455.8M
$574.3M
Q3 24
$1.5B
$575.4M
Q2 24
$1.4B
$576.4M
Q1 24
$1.4B
$577.5M
Stockholders' Equity
BFS
BFS
SKIL
SKIL
Q4 25
$307.8M
$4.0M
Q3 25
$316.6M
$42.5M
Q2 25
$322.4M
$62.6M
Q1 25
$328.4M
$93.8M
Q4 24
$335.8M
$120.5M
Q3 24
$341.8M
$141.4M
Q2 24
$345.7M
$182.1M
Q1 24
$347.1M
$205.6M
Total Assets
BFS
BFS
SKIL
SKIL
Q4 25
$2.2B
$897.6M
Q3 25
$2.2B
$969.4M
Q2 25
$2.1B
$1.0B
Q1 25
$2.1B
$1.1B
Q4 24
$2.1B
$1.1B
Q3 24
$2.1B
$1.1B
Q2 24
$2.1B
$1.2B
Q1 24
$2.0B
$1.3B
Debt / Equity
BFS
BFS
SKIL
SKIL
Q4 25
1.52×
142.97×
Q3 25
5.02×
13.45×
Q2 25
4.85×
9.13×
Q1 25
4.70×
6.11×
Q4 24
1.36×
4.77×
Q3 24
4.37×
4.07×
Q2 24
4.17×
3.16×
Q1 24
4.06×
2.81×

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
SKIL
SKIL
Operating Cash FlowLast quarter
$99.8M
$-18.9M
Free Cash FlowOCF − Capex
$-19.3M
FCF MarginFCF / Revenue
-15.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$10.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
SKIL
SKIL
Q4 25
$99.8M
$-18.9M
Q3 25
$20.6M
$-17.8M
Q2 25
$26.6M
$31.3M
Q1 25
$30.4M
$17.8M
Q4 24
$121.2M
$8.7M
Q3 24
$26.5M
$-11.4M
Q2 24
$32.1M
$14.9M
Q1 24
$33.8M
$11.5M
Free Cash Flow
BFS
BFS
SKIL
SKIL
Q4 25
$-19.3M
Q3 25
$-18.5M
Q2 25
$30.8M
Q1 25
$17.0M
Q4 24
$8.3M
Q3 24
$-28.3M
$-11.7M
Q2 24
$-12.5M
$14.8M
Q1 24
$-11.7M
$11.1M
FCF Margin
BFS
BFS
SKIL
SKIL
Q4 25
-15.0%
Q3 25
-14.3%
Q2 25
24.8%
Q1 25
12.7%
Q4 24
6.0%
Q3 24
-42.1%
-8.8%
Q2 24
-18.7%
11.6%
Q1 24
-17.6%
8.0%
Capex Intensity
BFS
BFS
SKIL
SKIL
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.3%
Q3 24
81.5%
0.2%
Q2 24
66.7%
0.1%
Q1 24
68.3%
0.3%
Cash Conversion
BFS
BFS
SKIL
SKIL
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
BFS

Segment breakdown not available.

SKIL
SKIL

SAAS And Subscription Services$93.5M73%
Virtual Ondemand And Classroom And Individualized Coaching$28.2M22%
Professional Services$7.3M6%

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