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

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $55.1M, roughly 1.4× SOUNDHOUND AI, INC.). SOUNDHOUND AI, INC. runs the higher net margin — 72.8% vs 8.7%, a 64.1% gap on every dollar of revenue. On growth, SOUNDHOUND AI, INC. posted the faster year-over-year revenue change (59.4% vs 10.6%). Over the past eight quarters, SOUNDHOUND AI, INC.'s revenue compounded faster (117.9% 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.

SoundHound AI, Inc. is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022.

BFS vs SOUN — Head-to-Head

Bigger by revenue
BFS
BFS
1.4× larger
BFS
$75.1M
$55.1M
SOUN
Growing faster (revenue YoY)
SOUN
SOUN
+48.8% gap
SOUN
59.4%
10.6%
BFS
Higher net margin
SOUN
SOUN
64.1% more per $
SOUN
72.8%
8.7%
BFS
Faster 2-yr revenue CAGR
SOUN
SOUN
Annualised
SOUN
117.9%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
SOUN
SOUN
Revenue
$75.1M
$55.1M
Net Profit
$6.5M
$40.1M
Gross Margin
47.9%
Operating Margin
65.4%
77.3%
Net Margin
8.7%
72.8%
Revenue YoY
10.6%
59.4%
Net Profit YoY
-19.6%
115.5%
EPS (diluted)
$0.15
$-0.13

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
SOUN
SOUN
Q4 25
$75.1M
$55.1M
Q3 25
$72.0M
$42.0M
Q2 25
$70.8M
$42.7M
Q1 25
$71.9M
$29.1M
Q4 24
$67.9M
$34.5M
Q3 24
$67.3M
$25.1M
Q2 24
$66.9M
$13.5M
Q1 24
$66.7M
$11.6M
Net Profit
BFS
BFS
SOUN
SOUN
Q4 25
$6.5M
$40.1M
Q3 25
$10.5M
$-109.3M
Q2 25
$10.7M
$-74.7M
Q1 25
$9.8M
$129.9M
Q4 24
$8.1M
$-258.6M
Q3 24
$14.5M
$-21.8M
Q2 24
$14.4M
$-37.3M
Q1 24
$13.6M
$-33.0M
Gross Margin
BFS
BFS
SOUN
SOUN
Q4 25
47.9%
Q3 25
42.6%
Q2 25
39.0%
Q1 25
36.5%
Q4 24
39.9%
Q3 24
73.6%
48.6%
Q2 24
74.2%
63.0%
Q1 24
72.8%
59.7%
Operating Margin
BFS
BFS
SOUN
SOUN
Q4 25
65.4%
77.3%
Q3 25
69.1%
-275.6%
Q2 25
68.7%
-182.9%
Q1 25
66.5%
Q4 24
82.9%
-744.2%
Q3 24
72.8%
-134.6%
Q2 24
75.0%
-163.3%
Q1 24
72.4%
-246.1%
Net Margin
BFS
BFS
SOUN
SOUN
Q4 25
8.7%
72.8%
Q3 25
14.6%
-259.9%
Q2 25
15.1%
-175.1%
Q1 25
13.6%
446.1%
Q4 24
11.9%
-748.6%
Q3 24
21.5%
-86.7%
Q2 24
21.6%
-277.2%
Q1 24
20.4%
-284.7%
EPS (diluted)
BFS
BFS
SOUN
SOUN
Q4 25
$0.15
$-0.13
Q3 25
$0.32
$-0.27
Q2 25
$0.33
$-0.19
Q1 25
$0.29
$0.31
Q4 24
$0.22
$-0.75
Q3 24
$0.48
$-0.06
Q2 24
$0.48
$-0.11
Q1 24
$0.45
$-0.12

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
SOUN
SOUN
Cash + ST InvestmentsLiquidity on hand
$8.7M
$248.5M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$463.8M
Total Assets
$2.2B
$688.2M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
SOUN
SOUN
Q4 25
$8.7M
$248.5M
Q3 25
$11.8M
$268.9M
Q2 25
$5.3M
$230.3M
Q1 25
$6.5M
$245.8M
Q4 24
$10.3M
$198.2M
Q3 24
$7.2M
$135.6M
Q2 24
$6.9M
$200.2M
Q1 24
$7.1M
$211.7M
Total Debt
BFS
BFS
SOUN
SOUN
Q4 25
$468.4M
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$455.8M
$0
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
$85.5M
Stockholders' Equity
BFS
BFS
SOUN
SOUN
Q4 25
$307.8M
$463.8M
Q3 25
$316.6M
$399.2M
Q2 25
$322.4M
$359.8M
Q1 25
$328.4M
$397.0M
Q4 24
$335.8M
$182.7M
Q3 24
$341.8M
$296.0M
Q2 24
$345.7M
$223.9M
Q1 24
$347.1M
$155.5M
Total Assets
BFS
BFS
SOUN
SOUN
Q4 25
$2.2B
$688.2M
Q3 25
$2.2B
$702.2M
Q2 25
$2.1B
$579.5M
Q1 25
$2.1B
$587.5M
Q4 24
$2.1B
$554.0M
Q3 24
$2.1B
$499.7M
Q2 24
$2.1B
$266.7M
Q1 24
$2.0B
$287.4M
Debt / Equity
BFS
BFS
SOUN
SOUN
Q4 25
1.52×
Q3 25
5.02×
Q2 25
4.85×
Q1 25
4.70×
Q4 24
1.36×
0.00×
Q3 24
4.37×
Q2 24
4.17×
Q1 24
4.06×
0.55×

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
SOUN
SOUN
Operating Cash FlowLast quarter
$99.8M
$-21.9M
Free Cash FlowOCF − Capex
$-22.3M
FCF MarginFCF / Revenue
-40.4%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
15.35×
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$-99.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
SOUN
SOUN
Q4 25
$99.8M
$-21.9M
Q3 25
$20.6M
$-32.7M
Q2 25
$26.6M
$-24.5M
Q1 25
$30.4M
$-19.2M
Q4 24
$121.2M
$-33.1M
Q3 24
$26.5M
$-35.3M
Q2 24
$32.1M
$-18.5M
Q1 24
$33.8M
$-21.9M
Free Cash Flow
BFS
BFS
SOUN
SOUN
Q4 25
$-22.3M
Q3 25
$-32.8M
Q2 25
$-24.7M
Q1 25
$-19.3M
Q4 24
$-33.2M
Q3 24
$-28.3M
$-35.5M
Q2 24
$-12.5M
$-18.7M
Q1 24
$-11.7M
$-22.0M
FCF Margin
BFS
BFS
SOUN
SOUN
Q4 25
-40.4%
Q3 25
-78.1%
Q2 25
-57.8%
Q1 25
-66.4%
Q4 24
-96.1%
Q3 24
-42.1%
-141.6%
Q2 24
-18.7%
-139.1%
Q1 24
-17.6%
-190.2%
Capex Intensity
BFS
BFS
SOUN
SOUN
Q4 25
0.7%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
81.5%
0.9%
Q2 24
66.7%
1.8%
Q1 24
68.3%
0.9%
Cash Conversion
BFS
BFS
SOUN
SOUN
Q4 25
15.35×
-0.55×
Q3 25
1.97×
Q2 25
2.48×
Q1 25
3.10×
-0.15×
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.

SOUN
SOUN

Hosted Services$37.7M68%
Licensing$12.6M23%
Professional Service$4.6M8%

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