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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and TELOS CORP (TLS). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $46.8M, roughly 1.6× TELOS CORP). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -34.9%, a 43.5% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 10.6%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
BFS vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $46.8M |
| Net Profit | $6.5M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 65.4% | -39.6% |
| Net Margin | 8.7% | -34.9% |
| Revenue YoY | 10.6% | 77.4% |
| Net Profit YoY | -19.6% | -74.8% |
| EPS (diluted) | $0.15 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $72.0M | $51.4M | ||
| Q2 25 | $70.8M | $36.0M | ||
| Q1 25 | $71.9M | $30.6M | ||
| Q4 24 | $67.9M | $26.4M | ||
| Q3 24 | $67.3M | $23.8M | ||
| Q2 24 | $66.9M | $28.5M | ||
| Q1 24 | $66.7M | $29.6M |
| Q4 25 | $6.5M | $-16.3M | ||
| Q3 25 | $10.5M | $-2.1M | ||
| Q2 25 | $10.7M | $-9.5M | ||
| Q1 25 | $9.8M | $-8.6M | ||
| Q4 24 | $8.1M | $-9.3M | ||
| Q3 24 | $14.5M | $-28.1M | ||
| Q2 24 | $14.4M | $-7.8M | ||
| Q1 24 | $13.6M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | 73.6% | 13.2% | ||
| Q2 24 | 74.2% | 34.1% | ||
| Q1 24 | 72.8% | 37.0% |
| Q4 25 | 65.4% | -39.6% | ||
| Q3 25 | 69.1% | -4.8% | ||
| Q2 25 | 68.7% | -27.5% | ||
| Q1 25 | 66.5% | -29.5% | ||
| Q4 24 | 82.9% | -37.6% | ||
| Q3 24 | 72.8% | -121.4% | ||
| Q2 24 | 75.0% | -30.3% | ||
| Q1 24 | 72.4% | -28.5% |
| Q4 25 | 8.7% | -34.9% | ||
| Q3 25 | 14.6% | -4.1% | ||
| Q2 25 | 15.1% | -26.5% | ||
| Q1 25 | 13.6% | -28.1% | ||
| Q4 24 | 11.9% | -35.4% | ||
| Q3 24 | 21.5% | -118.0% | ||
| Q2 24 | 21.6% | -27.2% | ||
| Q1 24 | 20.4% | -24.9% |
| Q4 25 | $0.15 | $-0.22 | ||
| Q3 25 | $0.32 | $-0.03 | ||
| Q2 25 | $0.33 | $-0.13 | ||
| Q1 25 | $0.29 | $-0.12 | ||
| Q4 24 | $0.22 | $-0.13 | ||
| Q3 24 | $0.48 | $-0.39 | ||
| Q2 24 | $0.48 | $-0.11 | ||
| Q1 24 | $0.45 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $96.0M |
| Total Assets | $2.2B | $139.9M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $53.2M | ||
| Q3 25 | $11.8M | $59.0M | ||
| Q2 25 | $5.3M | $57.0M | ||
| Q1 25 | $6.5M | $57.8M | ||
| Q4 24 | $10.3M | $54.6M | ||
| Q3 24 | $7.2M | $69.8M | ||
| Q2 24 | $6.9M | $80.1M | ||
| Q1 24 | $7.1M | $93.9M |
| 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 | $96.0M | ||
| Q3 25 | $316.6M | $119.7M | ||
| Q2 25 | $322.4M | $118.4M | ||
| Q1 25 | $328.4M | $126.1M | ||
| Q4 24 | $335.8M | $127.1M | ||
| Q3 24 | $341.8M | $129.5M | ||
| Q2 24 | $345.7M | $149.1M | ||
| Q1 24 | $347.1M | $154.4M |
| Q4 25 | $2.2B | $139.9M | ||
| Q3 25 | $2.2B | $164.3M | ||
| Q2 25 | $2.1B | $165.0M | ||
| Q1 25 | $2.1B | $158.1M | ||
| Q4 24 | $2.1B | $158.2M | ||
| Q3 24 | $2.1B | $166.3M | ||
| Q2 24 | $2.1B | $182.4M | ||
| Q1 24 | $2.0B | $195.4M |
| 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 | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 15.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $8.0M | ||
| Q3 25 | $20.6M | $9.1M | ||
| Q2 25 | $26.6M | $7.0M | ||
| Q1 25 | $30.4M | $6.1M | ||
| Q4 24 | $121.2M | $-10.5M | ||
| Q3 24 | $26.5M | $-7.1M | ||
| Q2 24 | $32.1M | $-8.0M | ||
| Q1 24 | $33.8M | $-350.0K |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | $-28.3M | $-7.1M | ||
| Q2 24 | $-12.5M | $-8.2M | ||
| Q1 24 | $-11.7M | $-447.0K |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | -42.1% | -30.0% | ||
| Q2 24 | -18.7% | -28.9% | ||
| Q1 24 | -17.6% | -1.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | 81.5% | 0.2% | ||
| Q2 24 | 66.7% | 0.8% | ||
| Q1 24 | 68.3% | 0.3% |
| 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.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
