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

SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $62.3M, roughly 1.2× Vera Bradley, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -19.9%, a 28.5% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -22.7%). Over the past eight quarters, Vera Bradley, Inc.'s revenue compounded faster (16.1% 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.

Vera Bradley Sales, LLC is an American luggage and handbag design company, founded by Barbara Bradley Baekgaard and Patricia R. Miller in 1982. As of 2019, its home office is in Fort Wayne, Indiana. The company was named after Baekgaard's mother. Its original luxury cotton bag product lines have expanded to include fashion and home accessories, office supplies, and patterned gifts. Many items have distinctive florals, paisleys, or geometric prints with complementary linings, as well as elonga...

BFS vs VRA — Head-to-Head

Bigger by revenue
BFS
BFS
1.2× larger
BFS
$75.1M
$62.3M
VRA
Growing faster (revenue YoY)
BFS
BFS
+33.4% gap
BFS
10.6%
-22.7%
VRA
Higher net margin
BFS
BFS
28.5% more per $
BFS
8.7%
-19.9%
VRA
Faster 2-yr revenue CAGR
VRA
VRA
Annualised
VRA
16.1%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BFS
BFS
VRA
VRA
Revenue
$75.1M
$62.3M
Net Profit
$6.5M
$-12.4M
Gross Margin
42.1%
Operating Margin
65.4%
-19.6%
Net Margin
8.7%
-19.9%
Revenue YoY
10.6%
-22.7%
Net Profit YoY
-19.6%
3.4%
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.

Revenue
BFS
BFS
VRA
VRA
Q4 25
$75.1M
$62.3M
Q3 25
$72.0M
$70.9M
Q2 25
$70.8M
$51.7M
Q1 25
$71.9M
$100.0M
Q4 24
$67.9M
$70.5M
Q3 24
$67.3M
$94.0M
Q2 24
$66.9M
$67.9M
Q1 24
$66.7M
$46.2M
Net Profit
BFS
BFS
VRA
VRA
Q4 25
$6.5M
$-12.4M
Q3 25
$10.5M
$-4.7M
Q2 25
$10.7M
$-33.5M
Q1 25
$9.8M
$-47.0M
Q4 24
$8.1M
$-12.8M
Q3 24
$14.5M
$5.7M
Q2 24
$14.4M
$-8.1M
Q1 24
$13.6M
$-1.9M
Gross Margin
BFS
BFS
VRA
VRA
Q4 25
42.1%
Q3 25
50.1%
Q2 25
44.1%
Q1 25
45.0%
Q4 24
54.5%
Q3 24
73.6%
49.7%
Q2 24
74.2%
50.1%
Q1 24
72.8%
37.2%
Operating Margin
BFS
BFS
VRA
VRA
Q4 25
65.4%
-19.6%
Q3 25
69.1%
-6.5%
Q2 25
68.7%
-34.6%
Q1 25
66.5%
-23.3%
Q4 24
82.9%
-11.6%
Q3 24
72.8%
2.5%
Q2 24
75.0%
-15.6%
Q1 24
72.4%
-3.6%
Net Margin
BFS
BFS
VRA
VRA
Q4 25
8.7%
-19.9%
Q3 25
14.6%
-6.6%
Q2 25
15.1%
-64.8%
Q1 25
13.6%
-47.0%
Q4 24
11.9%
-18.2%
Q3 24
21.5%
6.1%
Q2 24
21.6%
-12.0%
Q1 24
20.4%
-4.0%
EPS (diluted)
BFS
BFS
VRA
VRA
Q4 25
$0.15
$-0.44
Q3 25
$0.32
$-0.17
Q2 25
$0.33
$-1.20
Q1 25
$0.29
$-1.62
Q4 24
$0.22
$-0.46
Q3 24
$0.48
$0.19
Q2 24
$0.48
$-0.26
Q1 24
$0.45
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BFS
BFS
VRA
VRA
Cash + ST InvestmentsLiquidity on hand
$8.7M
$10.7M
Total DebtLower is stronger
$468.4M
$10.0M
Stockholders' EquityBook value
$307.8M
$128.1M
Total Assets
$2.2B
$243.7M
Debt / EquityLower = less leverage
1.52×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
VRA
VRA
Q4 25
$8.7M
$10.7M
Q3 25
$11.8M
$15.2M
Q2 25
$5.3M
$11.3M
Q1 25
$6.5M
$30.4M
Q4 24
$10.3M
$13.7M
Q3 24
$7.2M
$44.1M
Q2 24
$6.9M
$55.2M
Q1 24
$7.1M
$77.3M
Total Debt
BFS
BFS
VRA
VRA
Q4 25
$468.4M
$10.0M
Q3 25
$1.6B
$10.0M
Q2 25
$1.6B
Q1 25
$1.5B
$0
Q4 24
$455.8M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
VRA
VRA
Q4 25
$307.8M
$128.1M
Q3 25
$316.6M
$140.5M
Q2 25
$322.4M
$146.0M
Q1 25
$328.4M
$179.0M
Q4 24
$335.8M
$225.2M
Q3 24
$341.8M
$242.5M
Q2 24
$345.7M
$245.9M
Q1 24
$347.1M
$259.9M
Total Assets
BFS
BFS
VRA
VRA
Q4 25
$2.2B
$243.7M
Q3 25
$2.2B
$266.2M
Q2 25
$2.1B
$267.9M
Q1 25
$2.1B
$306.7M
Q4 24
$2.1B
$359.0M
Q3 24
$2.1B
$379.2M
Q2 24
$2.1B
$368.7M
Q1 24
$2.0B
$380.8M
Debt / Equity
BFS
BFS
VRA
VRA
Q4 25
1.52×
0.08×
Q3 25
5.02×
0.07×
Q2 25
4.85×
Q1 25
4.70×
0.00×
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
VRA
VRA
Operating Cash FlowLast quarter
$99.8M
$-4.0M
Free Cash FlowOCF − Capex
$-4.5M
FCF MarginFCF / Revenue
-7.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
VRA
VRA
Q4 25
$99.8M
$-4.0M
Q3 25
$20.6M
$-5.4M
Q2 25
$26.6M
$-17.9M
Q1 25
$30.4M
$21.7M
Q4 24
$121.2M
$-22.6M
Q3 24
$26.5M
$1.4M
Q2 24
$32.1M
$-14.5M
Q1 24
$33.8M
$26.9M
Free Cash Flow
BFS
BFS
VRA
VRA
Q4 25
$-4.5M
Q3 25
$-6.1M
Q2 25
$-19.8M
Q1 25
$17.3M
Q4 24
$-25.0M
Q3 24
$-28.3M
$-1.4M
Q2 24
$-12.5M
$-15.4M
Q1 24
$-11.7M
$25.7M
FCF Margin
BFS
BFS
VRA
VRA
Q4 25
-7.2%
Q3 25
-8.7%
Q2 25
-38.3%
Q1 25
17.3%
Q4 24
-35.5%
Q3 24
-42.1%
-1.5%
Q2 24
-18.7%
-22.7%
Q1 24
-17.6%
55.7%
Capex Intensity
BFS
BFS
VRA
VRA
Q4 25
0.7%
Q3 25
1.0%
Q2 25
3.6%
Q1 25
4.3%
Q4 24
3.4%
Q3 24
81.5%
3.0%
Q2 24
66.7%
1.3%
Q1 24
68.3%
2.6%
Cash Conversion
BFS
BFS
VRA
VRA
Q4 25
15.35×
Q3 25
1.97×
Q2 25
2.48×
Q1 25
3.10×
Q4 24
14.98×
Q3 24
1.83×
0.25×
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.

VRA
VRA

Bags$23.9M38%
Indirect$12.6M20%
Transferred At Point In Time$12.2M20%
Accessories$7.2M12%
Home$3.5M6%
Apparel Footwear$1.8M3%
Other Products$1.5M2%

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