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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $60.9M, roughly 1.2× TSS, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs 8.7%, a 11.3% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 10.6%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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.
BFS vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $60.9M |
| Net Profit | $6.5M | $12.2M |
| Gross Margin | — | 17.6% |
| Operating Margin | 65.4% | 1.5% |
| Net Margin | 8.7% | 20.0% |
| Revenue YoY | 10.6% | 21.8% |
| Net Profit YoY | -19.6% | 535.7% |
| EPS (diluted) | $0.15 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $72.0M | $41.9M | ||
| Q2 25 | $70.8M | $44.0M | ||
| Q1 25 | $71.9M | $99.0M | ||
| Q4 24 | $67.9M | $50.0M | ||
| Q3 24 | $67.3M | $70.1M | ||
| Q2 24 | $66.9M | $12.2M | ||
| Q1 24 | $66.7M | $15.9M |
| Q4 25 | $6.5M | $12.2M | ||
| Q3 25 | $10.5M | $-1.5M | ||
| Q2 25 | $10.7M | $1.5M | ||
| Q1 25 | $9.8M | $3.0M | ||
| Q4 24 | $8.1M | $1.9M | ||
| Q3 24 | $14.5M | $2.6M | ||
| Q2 24 | $14.4M | $1.4M | ||
| Q1 24 | $13.6M | $15.0K |
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | 73.6% | 11.3% | ||
| Q2 24 | 74.2% | 37.3% | ||
| Q1 24 | 72.8% | 17.1% |
| Q4 25 | 65.4% | 1.5% | ||
| Q3 25 | 69.1% | -2.2% | ||
| Q2 25 | 68.7% | 5.1% | ||
| Q1 25 | 66.5% | 4.2% | ||
| Q4 24 | 82.9% | 0.0% | ||
| Q3 24 | 72.8% | 5.4% | ||
| Q2 24 | 75.0% | 14.0% | ||
| Q1 24 | 72.4% | 1.6% |
| Q4 25 | 8.7% | 20.0% | ||
| Q3 25 | 14.6% | -3.6% | ||
| Q2 25 | 15.1% | 3.4% | ||
| Q1 25 | 13.6% | 3.0% | ||
| Q4 24 | 11.9% | 3.8% | ||
| Q3 24 | 21.5% | 3.8% | ||
| Q2 24 | 21.6% | 11.5% | ||
| Q1 24 | 20.4% | 0.1% |
| Q4 25 | $0.15 | $0.44 | ||
| Q3 25 | $0.32 | $-0.06 | ||
| Q2 25 | $0.33 | $0.06 | ||
| Q1 25 | $0.29 | $0.12 | ||
| Q4 24 | $0.22 | $0.08 | ||
| Q3 24 | $0.48 | $0.10 | ||
| Q2 24 | $0.48 | $0.06 | ||
| Q1 24 | $0.45 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $76.6M |
| Total Assets | $2.2B | $184.9M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $85.5M | ||
| Q3 25 | $11.8M | $70.7M | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $6.5M | — | ||
| Q4 24 | $10.3M | $23.2M | ||
| Q3 24 | $7.2M | $46.4M | ||
| Q2 24 | $6.9M | $8.3M | ||
| Q1 24 | $7.1M | $14.4M |
| 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 | $76.6M | ||
| Q3 25 | $316.6M | $63.4M | ||
| Q2 25 | $322.4M | $9.5M | ||
| Q1 25 | $328.4M | $9.4M | ||
| Q4 24 | $335.8M | $7.1M | ||
| Q3 24 | $341.8M | $7.7M | ||
| Q2 24 | $345.7M | $5.2M | ||
| Q1 24 | $347.1M | $3.7M |
| Q4 25 | $2.2B | $184.9M | ||
| Q3 25 | $2.2B | $165.4M | ||
| Q2 25 | $2.1B | $139.5M | ||
| Q1 25 | $2.1B | $113.5M | ||
| Q4 24 | $2.1B | $96.6M | ||
| Q3 24 | $2.1B | $67.3M | ||
| Q2 24 | $2.1B | $28.9M | ||
| Q1 24 | $2.0B | $26.8M |
| 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 | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 15.35× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.8M | $16.3M | ||
| Q3 25 | $20.6M | $-18.4M | ||
| Q2 25 | $26.6M | $16.3M | ||
| Q1 25 | $30.4M | $20.6M | ||
| Q4 24 | $121.2M | $-21.6M | ||
| Q3 24 | $26.5M | $38.6M | ||
| Q2 24 | $32.1M | $-4.3M | ||
| Q1 24 | $33.8M | $2.6M |
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | — | $-28.4M | ||
| Q3 24 | $-28.3M | $38.6M | ||
| Q2 24 | $-12.5M | $-6.0M | ||
| Q1 24 | $-11.7M | $2.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | -56.7% | ||
| Q3 24 | -42.1% | 55.1% | ||
| Q2 24 | -18.7% | -49.4% | ||
| Q1 24 | -17.6% | 16.4% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | 81.5% | 0.1% | ||
| Q2 24 | 66.7% | 13.8% | ||
| Q1 24 | 68.3% | 0.2% |
| Q4 25 | 15.35× | 1.34× | ||
| Q3 25 | 1.97× | — | ||
| Q2 25 | 2.48× | 11.02× | ||
| Q1 25 | 3.10× | 6.93× | ||
| Q4 24 | 14.98× | -11.32× | ||
| Q3 24 | 1.83× | 14.60× | ||
| Q2 24 | 2.22× | -3.09× | ||
| Q1 24 | 2.48× | 176.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
