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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $46.6M, roughly 1.6× SolarMax Technology, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -1.9%, a 10.5% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% 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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
BFS vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $46.6M |
| Net Profit | $6.5M | $-872.2K |
| Gross Margin | — | 2.7% |
| Operating Margin | 65.4% | -2.7% |
| Net Margin | 8.7% | -1.9% |
| Revenue YoY | 10.6% | 623.5% |
| Net Profit YoY | -19.6% | 77.7% |
| 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.
| Q4 25 | $75.1M | $46.6M | ||
| Q3 25 | $72.0M | $30.6M | ||
| Q2 25 | $70.8M | $6.9M | ||
| Q1 25 | $71.9M | $6.9M | ||
| Q4 24 | $67.9M | $6.4M | ||
| Q3 24 | $67.3M | $6.3M | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $66.7M | — |
| Q4 25 | $6.5M | $-872.2K | ||
| Q3 25 | $10.5M | $-2.3M | ||
| Q2 25 | $10.7M | $-1.9M | ||
| Q1 25 | $9.8M | $-1.3M | ||
| Q4 24 | $8.1M | $-3.9M | ||
| Q3 24 | $14.5M | $-9.6M | ||
| Q2 24 | $14.4M | — | ||
| Q1 24 | $13.6M | — |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | 73.6% | 19.9% | ||
| Q2 24 | 74.2% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | 65.4% | -2.7% | ||
| Q3 25 | 69.1% | -6.9% | ||
| Q2 25 | 68.7% | -25.7% | ||
| Q1 25 | 66.5% | -16.7% | ||
| Q4 24 | 82.9% | -27.9% | ||
| Q3 24 | 72.8% | -158.4% | ||
| Q2 24 | 75.0% | — | ||
| Q1 24 | 72.4% | — |
| Q4 25 | 8.7% | -1.9% | ||
| Q3 25 | 14.6% | -7.4% | ||
| Q2 25 | 15.1% | -27.6% | ||
| Q1 25 | 13.6% | -18.7% | ||
| Q4 24 | 11.9% | -60.6% | ||
| Q3 24 | 21.5% | -152.0% | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 20.4% | — |
| Q4 25 | $0.15 | $-0.02 | ||
| Q3 25 | $0.32 | $-0.04 | ||
| Q2 25 | $0.33 | $-0.04 | ||
| Q1 25 | $0.29 | $-0.03 | ||
| Q4 24 | $0.22 | $-0.07 | ||
| Q3 24 | $0.48 | $-0.21 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.7M | $8.0M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $-12.2M |
| Total Assets | $2.2B | $91.3M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $8.0M | ||
| Q3 25 | $11.8M | $5.7M | ||
| Q2 25 | $5.3M | $1.9M | ||
| Q1 25 | $6.5M | $6.8M | ||
| Q4 24 | $10.3M | $7.1M | ||
| Q3 24 | $7.2M | $8.6M | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $7.1M | — |
| 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 | $-12.2M | ||
| Q3 25 | $316.6M | $-11.8M | ||
| Q2 25 | $322.4M | $-15.1M | ||
| Q1 25 | $328.4M | $-15.9M | ||
| Q4 24 | $335.8M | $-15.1M | ||
| Q3 24 | $341.8M | $-10.9M | ||
| Q2 24 | $345.7M | — | ||
| Q1 24 | $347.1M | — |
| Q4 25 | $2.2B | $91.3M | ||
| Q3 25 | $2.2B | $58.7M | ||
| Q2 25 | $2.1B | $38.2M | ||
| Q1 25 | $2.1B | $38.6M | ||
| Q4 24 | $2.1B | $38.6M | ||
| Q3 24 | $2.1B | $43.0M | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
| 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 | $-2.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-2.5M | ||
| Q3 25 | $20.6M | $3.4M | ||
| Q2 25 | $26.6M | $220.7K | ||
| Q1 25 | $30.4M | $-601.1K | ||
| Q4 24 | $121.2M | $-1.3M | ||
| Q3 24 | $26.5M | $203.6K | ||
| Q2 24 | $32.1M | — | ||
| Q1 24 | $33.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | 0.0% | ||
| Q2 24 | 66.7% | — | ||
| Q1 24 | 68.3% | — |
| 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.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
