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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and ThredUp Inc. (TDUP). Click either name above to swap in a different company.
ThredUp 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 -7.0%, a 15.6% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (18.5% vs 10.6%). Over the past eight quarters, ThredUp Inc.'s revenue compounded faster (11.1% 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.
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
BFS vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $79.7M |
| Net Profit | $6.5M | $-5.6M |
| Gross Margin | — | 79.6% |
| Operating Margin | 65.4% | -8.4% |
| Net Margin | 8.7% | -7.0% |
| Revenue YoY | 10.6% | 18.5% |
| Net Profit YoY | -19.6% | 74.3% |
| EPS (diluted) | $0.15 | $-0.06 |
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 | $79.7M | ||
| Q3 25 | $72.0M | $82.2M | ||
| Q2 25 | $70.8M | $77.7M | ||
| Q1 25 | $71.9M | $71.3M | ||
| Q4 24 | $67.9M | $67.3M | ||
| Q3 24 | $67.3M | $61.5M | ||
| Q2 24 | $66.9M | $66.7M | ||
| Q1 24 | $66.7M | $64.5M |
| Q4 25 | $6.5M | $-5.6M | ||
| Q3 25 | $10.5M | $-4.2M | ||
| Q2 25 | $10.7M | $-5.2M | ||
| Q1 25 | $9.8M | $-5.2M | ||
| Q4 24 | $8.1M | $-21.7M | ||
| Q3 24 | $14.5M | $-24.8M | ||
| Q2 24 | $14.4M | $-14.0M | ||
| Q1 24 | $13.6M | $-16.6M |
| Q4 25 | — | 79.6% | ||
| Q3 25 | — | 79.4% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.4% | ||
| Q3 24 | 73.6% | 79.3% | ||
| Q2 24 | 74.2% | 78.8% | ||
| Q1 24 | 72.8% | 80.1% |
| Q4 25 | 65.4% | -8.4% | ||
| Q3 25 | 69.1% | -5.3% | ||
| Q2 25 | 68.7% | -6.8% | ||
| Q1 25 | 66.5% | -7.6% | ||
| Q4 24 | 82.9% | -12.1% | ||
| Q3 24 | 72.8% | -17.0% | ||
| Q2 24 | 75.0% | -14.4% | ||
| Q1 24 | 72.4% | -19.2% |
| Q4 25 | 8.7% | -7.0% | ||
| Q3 25 | 14.6% | -5.2% | ||
| Q2 25 | 15.1% | -6.7% | ||
| Q1 25 | 13.6% | -7.3% | ||
| Q4 24 | 11.9% | -32.3% | ||
| Q3 24 | 21.5% | -40.3% | ||
| Q2 24 | 21.6% | -20.9% | ||
| Q1 24 | 20.4% | -25.7% |
| Q4 25 | $0.15 | $-0.06 | ||
| Q3 25 | $0.32 | $-0.03 | ||
| Q2 25 | $0.33 | $-0.04 | ||
| Q1 25 | $0.29 | $-0.04 | ||
| Q4 24 | $0.22 | $-0.19 | ||
| Q3 24 | $0.48 | $-0.22 | ||
| Q2 24 | $0.48 | $-0.13 | ||
| Q1 24 | $0.45 | $-0.15 |
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 | $38.6M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $59.2M |
| Total Assets | $2.2B | $167.2M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $38.6M | ||
| Q3 25 | $11.8M | $46.2M | ||
| Q2 25 | $5.3M | $41.0M | ||
| Q1 25 | $6.5M | $41.1M | ||
| Q4 24 | $10.3M | $31.9M | ||
| Q3 24 | $7.2M | $43.7M | ||
| Q2 24 | $6.9M | $44.8M | ||
| Q1 24 | $7.1M | $50.1M |
| 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 | $59.2M | ||
| Q3 25 | $316.6M | $59.1M | ||
| Q2 25 | $322.4M | $60.2M | ||
| Q1 25 | $328.4M | $56.1M | ||
| Q4 24 | $335.8M | $56.3M | ||
| Q3 24 | $341.8M | $69.3M | ||
| Q2 24 | $345.7M | $86.5M | ||
| Q1 24 | $347.1M | $93.5M |
| Q4 25 | $2.2B | $167.2M | ||
| Q3 25 | $2.2B | $172.5M | ||
| Q2 25 | $2.1B | $173.6M | ||
| Q1 25 | $2.1B | $172.5M | ||
| Q4 24 | $2.1B | $171.2M | ||
| Q3 24 | $2.1B | $214.9M | ||
| Q2 24 | $2.1B | $231.2M | ||
| Q1 24 | $2.0B | $244.3M |
| 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 | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -4.0% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $180.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $-1.5M | ||
| Q3 25 | $20.6M | $6.0M | ||
| Q2 25 | $26.6M | $344.0K | ||
| Q1 25 | $30.4M | $5.7M | ||
| Q4 24 | $121.2M | $663.0K | ||
| Q3 24 | $26.5M | $3.3M | ||
| Q2 24 | $32.1M | $-5.0M | ||
| Q1 24 | $33.8M | $1.4M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $-2.9M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $-1.8M | ||
| Q3 24 | $-28.3M | $1.2M | ||
| Q2 24 | $-12.5M | $-5.8M | ||
| Q1 24 | $-11.7M | $267.0K |
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | -42.1% | 2.0% | ||
| Q2 24 | -18.7% | -8.7% | ||
| Q1 24 | -17.6% | 0.4% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 81.5% | 3.5% | ||
| Q2 24 | 66.7% | 1.3% | ||
| Q1 24 | 68.3% | 1.7% |
| 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.
