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

TOYO Co., Ltd is the larger business by last-quarter revenue ($139.1M vs $75.1M, roughly 1.9× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 2.5%, a 6.2% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs 0.7%).

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.

Toyo Tire Corporation , commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components through fourteen sales companies throughout the world.

BFS vs TOYO — Head-to-Head

Bigger by revenue
TOYO
TOYO
1.9× larger
TOYO
$139.1M
$75.1M
BFS
Growing faster (revenue YoY)
BFS
BFS
+9.9% gap
BFS
10.6%
0.7%
TOYO
Higher net margin
BFS
BFS
6.2% more per $
BFS
8.7%
2.5%
TOYO

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BFS
BFS
TOYO
TOYO
Revenue
$75.1M
$139.1M
Net Profit
$6.5M
$3.5M
Gross Margin
16.6%
Operating Margin
65.4%
7.0%
Net Margin
8.7%
2.5%
Revenue YoY
10.6%
0.7%
Net Profit YoY
-19.6%
-82.3%
EPS (diluted)
$0.15
$0.10

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
TOYO
TOYO
Q4 25
$75.1M
Q3 25
$72.0M
Q2 25
$70.8M
$139.1M
Q1 25
$71.9M
Q4 24
$67.9M
Q3 24
$67.3M
Q2 24
$66.9M
$138.1M
Q1 24
$66.7M
Net Profit
BFS
BFS
TOYO
TOYO
Q4 25
$6.5M
Q3 25
$10.5M
Q2 25
$10.7M
$3.5M
Q1 25
$9.8M
Q4 24
$8.1M
Q3 24
$14.5M
Q2 24
$14.4M
$19.6M
Q1 24
$13.6M
Gross Margin
BFS
BFS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
16.6%
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
19.3%
Q1 24
72.8%
Operating Margin
BFS
BFS
TOYO
TOYO
Q4 25
65.4%
Q3 25
69.1%
Q2 25
68.7%
7.0%
Q1 25
66.5%
Q4 24
82.9%
Q3 24
72.8%
Q2 24
75.0%
16.3%
Q1 24
72.4%
Net Margin
BFS
BFS
TOYO
TOYO
Q4 25
8.7%
Q3 25
14.6%
Q2 25
15.1%
2.5%
Q1 25
13.6%
Q4 24
11.9%
Q3 24
21.5%
Q2 24
21.6%
14.2%
Q1 24
20.4%
EPS (diluted)
BFS
BFS
TOYO
TOYO
Q4 25
$0.15
Q3 25
$0.32
Q2 25
$0.33
$0.10
Q1 25
$0.29
Q4 24
$0.22
Q3 24
$0.48
Q2 24
$0.48
$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
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
$8.7M
Total DebtLower is stronger
$468.4M
$13.7M
Stockholders' EquityBook value
$307.8M
$67.0M
Total Assets
$2.2B
$353.6M
Debt / EquityLower = less leverage
1.52×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
TOYO
TOYO
Q4 25
$8.7M
Q3 25
$11.8M
Q2 25
$5.3M
Q1 25
$6.5M
Q4 24
$10.3M
Q3 24
$7.2M
Q2 24
$6.9M
Q1 24
$7.1M
Total Debt
BFS
BFS
TOYO
TOYO
Q4 25
$468.4M
Q3 25
$1.6B
Q2 25
$1.6B
$13.7M
Q1 25
$1.5B
Q4 24
$455.8M
Q3 24
$1.5B
Q2 24
$1.4B
$22.4M
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
TOYO
TOYO
Q4 25
$307.8M
Q3 25
$316.6M
Q2 25
$322.4M
$67.0M
Q1 25
$328.4M
Q4 24
$335.8M
Q3 24
$341.8M
Q2 24
$345.7M
$73.4M
Q1 24
$347.1M
Total Assets
BFS
BFS
TOYO
TOYO
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
$353.6M
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
$241.4M
Q1 24
$2.0B
Debt / Equity
BFS
BFS
TOYO
TOYO
Q4 25
1.52×
Q3 25
5.02×
Q2 25
4.85×
0.20×
Q1 25
4.70×
Q4 24
1.36×
Q3 24
4.37×
Q2 24
4.17×
0.31×
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
TOYO
TOYO
Operating Cash FlowLast quarter
$99.8M
$40.0M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-5.1%
Capex IntensityCapex / Revenue
33.9%
Cash ConversionOCF / Net Profit
15.35×
11.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
TOYO
TOYO
Q4 25
$99.8M
Q3 25
$20.6M
Q2 25
$26.6M
$40.0M
Q1 25
$30.4M
Q4 24
$121.2M
Q3 24
$26.5M
Q2 24
$32.1M
$21.8M
Q1 24
$33.8M
Free Cash Flow
BFS
BFS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
$-7.1M
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
$5.2M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
-5.1%
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
3.8%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
33.9%
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
12.0%
Q1 24
68.3%
Cash Conversion
BFS
BFS
TOYO
TOYO
Q4 25
15.35×
Q3 25
1.97×
Q2 25
2.48×
11.55×
Q1 25
3.10×
Q4 24
14.98×
Q3 24
1.83×
Q2 24
2.22×
1.11×
Q1 24
2.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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