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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Xeris Biopharma Holdings, Inc. (XERS). Click either name above to swap in a different company.

Xeris Biopharma Holdings, Inc. is the larger business by last-quarter revenue ($85.8M vs $75.1M, roughly 1.1× SAUL CENTERS, INC.). Xeris Biopharma Holdings, Inc. runs the higher net margin — 12.9% vs 8.7%, a 4.3% gap on every dollar of revenue. On growth, Xeris Biopharma Holdings, Inc. posted the faster year-over-year revenue change (42.8% vs 10.6%). Over the past eight quarters, Xeris Biopharma Holdings, Inc.'s revenue compounded faster (45.3% 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.

Xeris Biopharma Holdings, Inc. is a specialty biopharmaceutical company that develops and commercializes targeted therapies for rare endocrine, metabolic, and dermatological conditions. It operates across global markets, focusing on delivering accessible, easy-to-administer treatment options for underserved patient segments.

BFS vs XERS — Head-to-Head

Bigger by revenue
XERS
XERS
1.1× larger
XERS
$85.8M
$75.1M
BFS
Growing faster (revenue YoY)
XERS
XERS
+32.1% gap
XERS
42.8%
10.6%
BFS
Higher net margin
XERS
XERS
4.3% more per $
XERS
12.9%
8.7%
BFS
Faster 2-yr revenue CAGR
XERS
XERS
Annualised
XERS
45.3%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFS
BFS
XERS
XERS
Revenue
$75.1M
$85.8M
Net Profit
$6.5M
$11.1M
Gross Margin
Operating Margin
65.4%
19.5%
Net Margin
8.7%
12.9%
Revenue YoY
10.6%
42.8%
Net Profit YoY
-19.6%
316.7%
EPS (diluted)
$0.15
$0.07

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
XERS
XERS
Q4 25
$75.1M
$85.8M
Q3 25
$72.0M
$74.4M
Q2 25
$70.8M
$71.5M
Q1 25
$71.9M
$60.1M
Q4 24
$67.9M
$60.1M
Q3 24
$67.3M
$54.3M
Q2 24
$66.9M
$48.1M
Q1 24
$66.7M
$40.6M
Net Profit
BFS
BFS
XERS
XERS
Q4 25
$6.5M
$11.1M
Q3 25
$10.5M
$621.0K
Q2 25
$10.7M
$-1.9M
Q1 25
$9.8M
$-9.2M
Q4 24
$8.1M
$-5.1M
Q3 24
$14.5M
$-15.7M
Q2 24
$14.4M
$-15.0M
Q1 24
$13.6M
$-19.0M
Gross Margin
BFS
BFS
XERS
XERS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
XERS
XERS
Q4 25
65.4%
19.5%
Q3 25
69.1%
9.0%
Q2 25
68.7%
6.3%
Q1 25
66.5%
-5.1%
Q4 24
82.9%
2.8%
Q3 24
72.8%
-23.8%
Q2 24
75.0%
-17.0%
Q1 24
72.4%
-35.1%
Net Margin
BFS
BFS
XERS
XERS
Q4 25
8.7%
12.9%
Q3 25
14.6%
0.8%
Q2 25
15.1%
-2.7%
Q1 25
13.6%
-15.3%
Q4 24
11.9%
-8.5%
Q3 24
21.5%
-29.0%
Q2 24
21.6%
-31.2%
Q1 24
20.4%
-46.7%
EPS (diluted)
BFS
BFS
XERS
XERS
Q4 25
$0.15
$0.07
Q3 25
$0.32
$0.00
Q2 25
$0.33
$-0.01
Q1 25
$0.29
$-0.06
Q4 24
$0.22
$-0.02
Q3 24
$0.48
$-0.11
Q2 24
$0.48
$-0.10
Q1 24
$0.45
$-0.14

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
XERS
XERS
Cash + ST InvestmentsLiquidity on hand
$8.7M
$111.0M
Total DebtLower is stronger
$468.4M
$220.3M
Stockholders' EquityBook value
$307.8M
$13.7M
Total Assets
$2.2B
$383.5M
Debt / EquityLower = less leverage
1.52×
16.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
XERS
XERS
Q4 25
$8.7M
$111.0M
Q3 25
$11.8M
$91.6M
Q2 25
$5.3M
$59.3M
Q1 25
$6.5M
$58.4M
Q4 24
$10.3M
$71.6M
Q3 24
$7.2M
$69.4M
Q2 24
$6.9M
$77.6M
Q1 24
$7.1M
$87.4M
Total Debt
BFS
BFS
XERS
XERS
Q4 25
$468.4M
$220.3M
Q3 25
$1.6B
$219.5M
Q2 25
$1.6B
$218.6M
Q1 25
$1.5B
$229.8M
Q4 24
$455.8M
$232.1M
Q3 24
$1.5B
$216.2M
Q2 24
$1.4B
$230.5M
Q1 24
$1.4B
$229.7M
Stockholders' Equity
BFS
BFS
XERS
XERS
Q4 25
$307.8M
$13.7M
Q3 25
$316.6M
$-861.0K
Q2 25
$322.4M
$-19.3M
Q1 25
$328.4M
$-35.1M
Q4 24
$335.8M
$-29.6M
Q3 24
$341.8M
$-28.3M
Q2 24
$345.7M
$-19.3M
Q1 24
$347.1M
$-9.2M
Total Assets
BFS
BFS
XERS
XERS
Q4 25
$2.2B
$383.5M
Q3 25
$2.2B
$370.2M
Q2 25
$2.1B
$334.7M
Q1 25
$2.1B
$315.5M
Q4 24
$2.1B
$323.1M
Q3 24
$2.1B
$321.1M
Q2 24
$2.1B
$331.7M
Q1 24
$2.0B
$336.6M
Debt / Equity
BFS
BFS
XERS
XERS
Q4 25
1.52×
16.10×
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
BFS
BFS
XERS
XERS
Operating Cash FlowLast quarter
$99.8M
$20.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
XERS
XERS
Q4 25
$99.8M
$20.0M
Q3 25
$20.6M
$18.4M
Q2 25
$26.6M
$182.0K
Q1 25
$30.4M
$-10.0M
Q4 24
$121.2M
$2.0M
Q3 24
$26.5M
$-8.3M
Q2 24
$32.1M
$-10.3M
Q1 24
$33.8M
$-20.3M
Free Cash Flow
BFS
BFS
XERS
XERS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
XERS
XERS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
XERS
XERS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Q1 24
68.3%
Cash Conversion
BFS
BFS
XERS
XERS
Q4 25
15.35×
1.81×
Q3 25
1.97×
29.68×
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
BFS

Segment breakdown not available.

XERS
XERS

Products$83.4M97%
Other$2.4M3%

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