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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Zevia PBC (ZVIA). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $37.9M, roughly 2.0× Zevia PBC). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -3.4%, a 12.1% gap on every dollar of revenue. On growth, SAUL CENTERS, INC. posted the faster year-over-year revenue change (10.6% vs -4.0%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% CAGR vs -1.2%).
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.
Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.
BFS vs ZVIA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $37.9M |
| Net Profit | $6.5M | $-1.3M |
| Gross Margin | — | 47.7% |
| Operating Margin | 65.4% | -4.0% |
| Net Margin | 8.7% | -3.4% |
| Revenue YoY | 10.6% | -4.0% |
| Net Profit YoY | -19.6% | 80.9% |
| EPS (diluted) | $0.15 | $-0.02 |
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 | $37.9M | ||
| Q3 25 | $72.0M | $40.8M | ||
| Q2 25 | $70.8M | $44.5M | ||
| Q1 25 | $71.9M | $38.0M | ||
| Q4 24 | $67.9M | $39.5M | ||
| Q3 24 | $67.3M | $36.4M | ||
| Q2 24 | $66.9M | $40.4M | ||
| Q1 24 | $66.7M | $38.8M |
| Q4 25 | $6.5M | $-1.3M | ||
| Q3 25 | $10.5M | $-2.7M | ||
| Q2 25 | $10.7M | $-651.0K | ||
| Q1 25 | $9.8M | $-6.4M | ||
| Q4 24 | $8.1M | $-6.8M | ||
| Q3 24 | $14.5M | $-2.5M | ||
| Q2 24 | $14.4M | $-7.0M | ||
| Q1 24 | $13.6M | $-7.2M |
| Q4 25 | — | 47.7% | ||
| Q3 25 | — | 45.6% | ||
| Q2 25 | — | 48.7% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 49.2% | ||
| Q3 24 | 73.6% | 49.1% | ||
| Q2 24 | 74.2% | 41.9% | ||
| Q1 24 | 72.8% | 45.7% |
| Q4 25 | 65.4% | -4.0% | ||
| Q3 25 | 69.1% | -7.0% | ||
| Q2 25 | 68.7% | -2.3% | ||
| Q1 25 | 66.5% | -16.8% | ||
| Q4 24 | 82.9% | -16.1% | ||
| Q3 24 | 72.8% | -8.2% | ||
| Q2 24 | 75.0% | -17.5% | ||
| Q1 24 | 72.4% | -18.8% |
| Q4 25 | 8.7% | -3.4% | ||
| Q3 25 | 14.6% | -6.6% | ||
| Q2 25 | 15.1% | -1.5% | ||
| Q1 25 | 13.6% | -16.8% | ||
| Q4 24 | 11.9% | -17.2% | ||
| Q3 24 | 21.5% | -6.9% | ||
| Q2 24 | 21.6% | -17.2% | ||
| Q1 24 | 20.4% | -18.6% |
| Q4 25 | $0.15 | $-0.02 | ||
| Q3 25 | $0.32 | $-0.04 | ||
| Q2 25 | $0.33 | $-0.01 | ||
| Q1 25 | $0.29 | $-0.08 | ||
| Q4 24 | $0.22 | $-0.10 | ||
| Q3 24 | $0.48 | $-0.04 | ||
| Q2 24 | $0.48 | $-0.10 | ||
| Q1 24 | $0.45 | $-0.10 |
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 | $25.4M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $51.0M |
| Total Assets | $2.2B | $63.6M |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $25.4M | ||
| Q3 25 | $11.8M | $26.0M | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $6.5M | — | ||
| Q4 24 | $10.3M | $30.7M | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $7.1M | — |
| 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 | $51.0M | ||
| Q3 25 | $316.6M | $51.3M | ||
| Q2 25 | $322.4M | $53.0M | ||
| Q1 25 | $328.4M | $53.7M | ||
| Q4 24 | $335.8M | $64.9M | ||
| Q3 24 | $341.8M | $72.5M | ||
| Q2 24 | $345.7M | $75.0M | ||
| Q1 24 | $347.1M | $80.3M |
| Q4 25 | $2.2B | $63.6M | ||
| Q3 25 | $2.2B | $60.0M | ||
| Q2 25 | $2.1B | $62.5M | ||
| Q1 25 | $2.1B | $62.0M | ||
| Q4 24 | $2.1B | $68.0M | ||
| Q3 24 | $2.1B | $72.9M | ||
| Q2 24 | $2.1B | $72.8M | ||
| Q1 24 | $2.0B | $85.1M |
| 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 | $-507.0K |
| 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.
| Q4 25 | $99.8M | $-507.0K | ||
| Q3 25 | $20.6M | $116.0K | ||
| Q2 25 | $26.6M | $-1.4M | ||
| Q1 25 | $30.4M | $-2.9M | ||
| Q4 24 | $121.2M | $-2.0M | ||
| Q3 24 | $26.5M | $3.9M | ||
| Q2 24 | $32.1M | $282.0K | ||
| Q1 24 | $33.8M | $-3.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -42.1% | — | ||
| Q2 24 | -18.7% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 81.5% | — | ||
| Q2 24 | 66.7% | — | ||
| Q1 24 | 68.3% | — |
| 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× | — | ||
| Q1 24 | 2.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
