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

Zhihu Inc. is the larger business by last-quarter revenue ($92.0M vs $75.1M, roughly 1.2× SAUL CENTERS, INC.). Zhihu Inc. runs the higher net margin — 32.7% vs 8.7%, a 24.1% gap on every dollar of revenue. Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -19.0%).

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.

Zhihu is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, China, the website launched on January 26, 2011. The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

BFS vs ZH — Head-to-Head

Bigger by revenue
ZH
ZH
1.2× larger
ZH
$92.0M
$75.1M
BFS
Higher net margin
ZH
ZH
24.1% more per $
ZH
32.7%
8.7%
BFS
Faster 2-yr revenue CAGR
BFS
BFS
Annualised
BFS
6.2%
-19.0%
ZH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFS
BFS
ZH
ZH
Revenue
$75.1M
$92.0M
Net Profit
$6.5M
$30.1M
Gross Margin
53.6%
Operating Margin
65.4%
Net Margin
8.7%
32.7%
Revenue YoY
10.6%
Net Profit YoY
-19.6%
EPS (diluted)
$0.15

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
ZH
ZH
Q1 26
$92.0M
Q4 25
$75.1M
Q3 25
$72.0M
$92.6M
Q2 25
$70.8M
$100.1M
Q1 25
$71.9M
$100.6M
Q4 24
$67.9M
Q3 24
$67.3M
$120.4M
Q2 24
$66.9M
$128.5M
Net Profit
BFS
BFS
ZH
ZH
Q1 26
$30.1M
Q4 25
$6.5M
Q3 25
$10.5M
Q2 25
$10.7M
Q1 25
$9.8M
Q4 24
$8.1M
Q3 24
$14.5M
$-1.3M
Q2 24
$14.4M
$-11.1M
Gross Margin
BFS
BFS
ZH
ZH
Q1 26
53.6%
Q4 25
Q3 25
61.3%
Q2 25
62.5%
Q1 25
61.8%
Q4 24
Q3 24
73.6%
63.9%
Q2 24
74.2%
59.6%
Operating Margin
BFS
BFS
ZH
ZH
Q1 26
Q4 25
65.4%
Q3 25
69.1%
-15.1%
Q2 25
68.7%
-12.7%
Q1 25
66.5%
Q4 24
82.9%
Q3 24
72.8%
-10.0%
Q2 24
75.0%
-19.7%
Net Margin
BFS
BFS
ZH
ZH
Q1 26
32.7%
Q4 25
8.7%
Q3 25
14.6%
Q2 25
15.1%
Q1 25
13.6%
Q4 24
11.9%
Q3 24
21.5%
-1.1%
Q2 24
21.6%
-8.6%
EPS (diluted)
BFS
BFS
ZH
ZH
Q1 26
Q4 25
$0.15
Q3 25
$0.32
Q2 25
$0.33
Q1 25
$0.29
Q4 24
$0.22
Q3 24
$0.48
Q2 24
$0.48

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$8.7M
$481.8M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$554.1M
Total Assets
$2.2B
$742.3M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
ZH
ZH
Q1 26
$481.8M
Q4 25
$8.7M
Q3 25
$11.8M
$383.5M
Q2 25
$5.3M
$446.5M
Q1 25
$6.5M
$446.5M
Q4 24
$10.3M
Q3 24
$7.2M
$458.0M
Q2 24
$6.9M
$434.7M
Total Debt
BFS
BFS
ZH
ZH
Q1 26
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
Stockholders' Equity
BFS
BFS
ZH
ZH
Q1 26
$554.1M
Q4 25
$307.8M
Q3 25
$316.6M
$578.9M
Q2 25
$322.4M
$587.4M
Q1 25
$328.4M
$573.2M
Q4 24
$335.8M
Q3 24
$341.8M
$619.2M
Q2 24
$345.7M
$605.5M
Total Assets
BFS
BFS
ZH
ZH
Q1 26
$742.3M
Q4 25
$2.2B
Q3 25
$2.2B
$772.8M
Q2 25
$2.1B
$802.2M
Q1 25
$2.1B
$783.1M
Q4 24
$2.1B
Q3 24
$2.1B
$856.2M
Q2 24
$2.1B
$840.5M
Debt / Equity
BFS
BFS
ZH
ZH
Q1 26
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×

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
ZH
ZH
Operating Cash FlowLast quarter
$99.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
ZH
ZH
Q1 26
Q4 25
$99.8M
Q3 25
$20.6M
Q2 25
$26.6M
Q1 25
$30.4M
Q4 24
$121.2M
Q3 24
$26.5M
Q2 24
$32.1M
Free Cash Flow
BFS
BFS
ZH
ZH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
FCF Margin
BFS
BFS
ZH
ZH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Capex Intensity
BFS
BFS
ZH
ZH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Cash Conversion
BFS
BFS
ZH
ZH
Q1 26
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×

Financial Flow Comparison

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

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