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

SunPower Inc. is the larger business by last-quarter revenue ($79.7M vs $75.1M, roughly 1.1× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -17.8%, a 26.4% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -10.1%). Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% 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.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

BFS vs SPWR — Head-to-Head

Bigger by revenue
SPWR
SPWR
1.1× larger
SPWR
$79.7M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+20.7% gap
BFS
10.6%
-10.1%
SPWR
Higher net margin
BFS
BFS
26.4% more per $
BFS
8.7%
-17.8%
SPWR
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
SPWR
SPWR
Revenue
$75.1M
$79.7M
Net Profit
$6.5M
$-14.2M
Gross Margin
35.5%
Operating Margin
65.4%
-27.4%
Net Margin
8.7%
-17.8%
Revenue YoY
10.6%
-10.1%
Net Profit YoY
-19.6%
-130.1%
EPS (diluted)
$0.15
$-0.05

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
SPWR
SPWR
Q4 25
$75.1M
$79.7M
Q3 25
$72.0M
$22.0M
Q2 25
$70.8M
$67.5M
Q1 25
$71.9M
$82.7M
Q4 24
$67.9M
$88.7M
Q3 24
$67.3M
Q2 24
$66.9M
Q1 24
$66.7M
Net Profit
BFS
BFS
SPWR
SPWR
Q4 25
$6.5M
$-14.2M
Q3 25
$10.5M
$-16.9M
Q2 25
$10.7M
$-22.4M
Q1 25
$9.8M
$8.1M
Q4 24
$8.1M
$47.0M
Q3 24
$14.5M
Q2 24
$14.4M
Q1 24
$13.6M
Gross Margin
BFS
BFS
SPWR
SPWR
Q4 25
35.5%
Q3 25
Q2 25
42.6%
Q1 25
48.5%
Q4 24
46.5%
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
SPWR
SPWR
Q4 25
65.4%
-27.4%
Q3 25
69.1%
-15.7%
Q2 25
68.7%
-4.0%
Q1 25
66.5%
1.3%
Q4 24
82.9%
-24.2%
Q3 24
72.8%
Q2 24
75.0%
Q1 24
72.4%
Net Margin
BFS
BFS
SPWR
SPWR
Q4 25
8.7%
-17.8%
Q3 25
14.6%
-76.9%
Q2 25
15.1%
-33.2%
Q1 25
13.6%
9.8%
Q4 24
11.9%
53.0%
Q3 24
21.5%
Q2 24
21.6%
Q1 24
20.4%
EPS (diluted)
BFS
BFS
SPWR
SPWR
Q4 25
$0.15
$-0.05
Q3 25
$0.32
$-0.19
Q2 25
$0.33
$-0.28
Q1 25
$0.29
$0.00
Q4 24
$0.22
$0.27
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
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$8.7M
$9.6M
Total DebtLower is stronger
$468.4M
$164.8M
Stockholders' EquityBook value
$307.8M
$-90.1M
Total Assets
$2.2B
$241.2M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
SPWR
SPWR
Q4 25
$8.7M
$9.6M
Q3 25
$11.8M
$5.1M
Q2 25
$5.3M
$11.1M
Q1 25
$6.5M
$10.6M
Q4 24
$10.3M
$13.4M
Q3 24
$7.2M
Q2 24
$6.9M
Q1 24
$7.1M
Total Debt
BFS
BFS
SPWR
SPWR
Q4 25
$468.4M
$164.8M
Q3 25
$1.6B
$204.3M
Q2 25
$1.6B
$152.9M
Q1 25
$1.5B
Q4 24
$455.8M
$147.3M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
SPWR
SPWR
Q4 25
$307.8M
$-90.1M
Q3 25
$316.6M
$-112.3M
Q2 25
$322.4M
$-107.2M
Q1 25
$328.4M
$-89.0M
Q4 24
$335.8M
$-97.5M
Q3 24
$341.8M
Q2 24
$345.7M
Q1 24
$347.1M
Total Assets
BFS
BFS
SPWR
SPWR
Q4 25
$2.2B
$241.2M
Q3 25
$2.2B
$208.3M
Q2 25
$2.1B
$163.1M
Q1 25
$2.1B
$147.8M
Q4 24
$2.1B
$144.5M
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.0B
Debt / Equity
BFS
BFS
SPWR
SPWR
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
BFS
BFS
SPWR
SPWR
Operating Cash FlowLast quarter
$99.8M
$-1.9M
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.

Operating Cash Flow
BFS
BFS
SPWR
SPWR
Q4 25
$99.8M
$-1.9M
Q3 25
$20.6M
$-6.4M
Q2 25
$26.6M
$-4.4M
Q1 25
$30.4M
$-2.6M
Q4 24
$121.2M
$-25.6M
Q3 24
$26.5M
Q2 24
$32.1M
Q1 24
$33.8M
Free Cash Flow
BFS
BFS
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Q1 24
68.3%
Cash Conversion
BFS
BFS
SPWR
SPWR
Q4 25
15.35×
Q3 25
1.97×
Q2 25
2.48×
Q1 25
3.10×
-0.32×
Q4 24
14.98×
-0.54×
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.

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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