BFS (Saul Centers, Inc.) Stock Financials & Earnings | Market Cap Arena

BFS (Saul Centers, Inc.) Stock Financials & Earnings | Market Cap Arena

BFSSaul Centers, Inc.

Mkt Cap$837M

Real Estate·REIT - Retail·🇺🇸 United States·NYSE

Revenue (TTM)$292M

Net Income (TTM)$38M

EPS (TTM)$1.55

Free Cash Flow (TTM)$100M

Gross Margin30.7%

Op. Margin41.0%

Net Margin12.9%

FCF Margin34.2%

P/S Ratio (TTM)2.9x

P/E Ratio (TTM)22.3x

YoY Rev Growth+8.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$63M	$47M	$42M
Q2 23	$64M	$47M	$42M
Q3 23	$64M	$46M	$17M
Q4 23	$67M	$38M	$30M
Q1 24	$67M	$49M	$31M
Q2 24	$67M	$50M	$32M
Q3 24	$67M	$50M	$20M
Q4 24	$68M	$49M	$27M
Q1 25	$72M	$50M	$30M
Q2 25	$71M	$51M	$31M
Q3 25	$72M	$64M	$57M
Q4 25	$77M	-$76M	$2M

Valuation

Quarter	P/S	P/E
Q1 23	3.4x	16.6x
Q2 23	3.3x	16.6x
Q3 23	3.3x	16.3x
Q4 23	3.2x	15.9x
Q1 24	3.2x	15.8x
Q2 24	3.2x	15.5x
Q3 24	3.1x	15.0x
Q4 24	3.1x	16.5x
Q1 25	3.1x	17.9x
Q2 25	3.0x	19.4x
Q3 25	3.0x	21.4x
Q4 25	2.9x	22.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$36M	$36M
Q2 23	$33M	$33M
Q3 23	$16M	$16M
Q4 23	$33M	$33M
Q1 24	$34M	$34M
Q2 24	$32M	$32M
Q3 24	$26M	$26M
Q4 24	$29M	$29M
Q1 25	$30M	$30M
Q2 25	$27M	$27M
Q3 25	$21M	$21M
Q4 25	$22M	$22M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+1.5%	-0.8%
Q2 23	+5.7%	+8.1%
Q3 23	+4.4%	+3.2%
Q4 23	+7.6%	-21.3%
Q1 24	+5.8%	+67.0%
Q2 24	+5.1%	+59.8%
Q3 24	+5.5%	+1.4%
Q4 24	+1.3%	+10.4%
Q1 25	+7.7%	+17.5%
Q2 25	+5.8%	+13.0%
Q3 25	+7.0%	-68.9%
Q4 25	+13.2%	+83.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$290K	0.5%
Q2 23	$553K	0.9%
Q3 23	$291K	0.5%
Q4 23	$287K	0.4%
Q1 24	$219K	0.3%
Q2 24	$505K	0.8%
Q3 24	$606K	0.9%
Q4 24	$393K	0.6%
Q1 25	$428K	0.6%
Q2 25	$480K	0.7%
Q3 25	$521K	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$5M	$219K
Q2 23	$6M	—
Q3 23	$5M	—
Q4 23	$7M	—
Q1 24	$6M	—
Q2 24	$6M	—
Q3 24	$6M	—
Q4 24	$8M	—
Q1 25	$6M	—
Q2 25	$6M	—
Q3 25	$7M	—
Q4 25	$8M	—

Revenue Segments

Quarter	Mixed Use Properties	Shopping Centers
Q1 23	$19M	$44M
Q2 23	$20M	$44M
Q3 23	$20M	$44M
Q4 23	$20M	$47M
Q1 24	$20M	$47M
Q2 24	$20M	$47M
Q3 24	$21M	$46M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$12M	$0	$12M
Q2 23	$11M	$0	$11M
Q3 23	$7M	$0	$7M
Q4 23	$8M	$0	$8M
Q1 24	$7M	$0	$7M
Q2 24	$7M	$0	$7M
Q3 24	$7M	$0	$7M
Q4 24	$10M	$0	$10M
Q1 25	$6M	$0	$6M
Q2 25	$5M	$0	$5M
Q3 25	$12M	$0	$12M
Q4 25	$9M	$0	$9M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	24M	+0.1%
Q2 23	24M	+0.1%
Q3 23	24M	+0.1%
Q4 23	24M	+0.1%
Q1 24	24M	+0.1%
Q2 24	24M	+0.1%
Q3 24	24M	+0.2%
Q4 24	24M	+0.6%
Q1 25	24M	-0.4%
Q2 25	24M	+0.1%
Q3 25	24M	+0.0%
Q4 25	24M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$3M	65
FY 15	$3M	61
FY 16	$4M	58
FY 17	$3M	65
FY 18	$4M	65
FY 19	$3M	67
FY 20	$4M	60
FY 21	$4M	65
FY 22	$4M	70
FY 23	$4M	70
FY 24	$4M	69
FY 25	$4M	70