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Saul Ctrs Inc Financials

BFS
FY2025 annual
Revenue $289.8M +7.8% YoY
Net Income $37.5M -25.9% YoY
EPS (Diluted) $1.09 -33.1% YoY
Free Cash Flow Not reported for FY2025
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Saul Ctrs Inc (BFS) reported $289.8M in revenue for fiscal year 2025, up 7.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BFS FY2025

Debt-funded asset growth is outrunning cash generation, so higher interest costs are absorbing more of each added revenue dollar.

Revenue growth did not translate into higher owner earnings: sales reached $289.8M, but net income fell to $37.5M. The missing piece is interest expense, which has risen faster than operating profit over the last two years, while operating cash flow also drifted lower; the added asset base is leaving less for common equity than the revenue line suggests.

Dividend coverage looks weak against earnings but stronger against cash: dividends paid were $57.1M while net income was $37.5M. Operating cash flow of $99.8M still exceeded the payout, which helps explain why distributions can outsize accounting profit without necessarily requiring external funding.

Leverage has become heavier even as the company keeps adding assets: debt to equity reached 1.5x and book equity fell to $307.8M. Since FY2022, balance-sheet expansion has come with shrinking equity, a pattern that usually means new investment is being financed more by creditors than by retained capital.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 63 / 100
Financial Health Score 63/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Saul Ctrs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
61
FFO Growth
31
Leverage
86
Interest Cov.
70
AFFO Margin
65
Dividend Cov.
63
Piotroski F-Score Partial
4/7

Saul Ctrs Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.66x

For every $1 of reported earnings, Saul Ctrs Inc generates $2.66 in operating cash flow ($99.8M OCF vs $37.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.76x

Saul Ctrs Inc earns $2.76 in operating income for every $1 of interest expense ($195.3M vs $70.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$289.8M
YoY+7.8%
5Y CAGR+5.2%
10Y CAGR+3.3%

Saul Ctrs Inc generated $289.8M in revenue in fiscal year 2025. This represents an increase of 7.8% from the prior year.

EBITDA
$254.1M
YoY-0.1%

Saul Ctrs Inc's EBITDA was $254.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.1% from the prior year.

Net Income
$37.5M
YoY-25.9%
5Y CAGR-1.5%
10Y CAGR-1.2%

Saul Ctrs Inc reported $37.5M in net income in fiscal year 2025. This represents a decrease of 25.9% from the prior year.

EPS (Diluted)
$1.09
YoY-33.1%
5Y CAGR-2.7%
10Y CAGR-2.6%

Saul Ctrs Inc earned $1.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 33.1% from the prior year.

Cash & Balance Sheet

Cash & Debt
$8.7M
YoY-15.1%
5Y CAGR-20.1%
10Y CAGR-1.3%

Saul Ctrs Inc held $8.7M in cash against $468.4M in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.36
YoY0.0%
5Y CAGR+2.2%
10Y CAGR+3.4%

Saul Ctrs Inc paid $2.36 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding
24M
YoY+1.2%
5Y CAGR+0.8%
10Y CAGR+1.5%

Saul Ctrs Inc had 24M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin
67.4%
YoY-8.4pp

Saul Ctrs Inc's operating margin was 67.4% in fiscal year 2025, reflecting core business profitability. This is down 8.4 percentage points from the prior year.

Net Margin
12.9%
YoY-5.9pp
5Y CAGR-5.0pp
10Y CAGR-7.4pp

Saul Ctrs Inc's net profit margin was 12.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity
12.2%
YoY-2.9pp
5Y CAGR+1.1pp
10Y CAGR-1.8pp

Saul Ctrs Inc's ROE was 12.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.9 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

BFS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BFS annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Revenue$302.2M$289.8M+7.8%$268.8M+4.5%$257.2M+4.6%$245.9M+2.8%$239.2M+6.2%$225.2M-2.7%$231.5M+1.9%$227.2M+0.4%$226.3M+4.3%$217.0M+3.8%$209.1M+1.0%$207.1M+4.6%$197.9M+4.1%$190.1M+9.3%$173.9M
Cost of RevenueN/AN/AN/A$67.1M+4.1%$64.5M+4.7%$61.6M+5.5%$58.4M+0.8%$57.9M+4.2%$55.6M+1.6%$54.7M+1.8%$53.7MN/AN/AN/AN/AN/A
Gross ProfitN/AN/AN/A$190.1M+4.8%$181.3M+2.1%$177.6M+6.5%$166.8M-3.9%$173.6M+1.1%$171.6M0.0%$171.6M+5.1%$163.3M+3.4%$157.9M+0.2%$157.6M+5.1%$150.0M+5.0%$142.8M+10.8%$128.8M
SG&A Expenses$27.8M$26.9M+7.4%$25.1M+6.9%$23.5M+4.8%$22.4M+10.6%$20.3M+6.0%$19.1M-8.1%$20.8M+12.6%$18.5M+1.6%$18.2M+3.9%$17.5M+7.0%$16.4M-3.6%$17.0M+13.4%$15.0M+4.7%$14.3M+0.1%$14.3M
Operating Income$202.5M$195.3M-4.1%$203.8M+7.6%$189.4M+4.9%$180.5MN/AN/AN/A$62.6M+3.2%$60.6M+8.8%$55.7M+5.3%$52.9M+1.9%$51.9M+47.2%$35.3M+0.5%$35.1M+11.6%$31.4M
Interest Expense$76.9M$70.7M+31.3%$53.9M+8.9%$49.4M+12.3%$44.0M-3.1%$45.4M-2.6%$46.7M+10.9%$42.1M-6.6%$45.0M-4.6%$47.2M+0.8%$46.9M+2.1%$45.9M+1.1%$45.4M-0.2%$45.5M-5.2%$48.0M+5.1%$45.7M
Net Income$34.9M$37.5M-25.9%$50.6M-3.9%$52.7M+5.0%$50.2M+3.7%$48.4M+19.8%$40.4M-21.9%$51.7M+2.3%$50.6M+4.8%$48.3M+6.6%$45.3M+6.6%$42.5M-9.5%$46.9M+52.1%$30.9M-7.5%$33.4M+24.8%$26.7M
EPS (Diluted)$1.09-33.1%$1.63-5.8%$1.73+6.1%$1.63+3.8%$1.57+25.6%$1.25-20.4%$1.57-1.9%$1.60-1.8%$1.63+7.2%$1.52+7.0%$1.42-7.8%$1.54$0.57$0.93N/A

Not reported in any period shown, so not listed: R&D Expenses, Income Tax.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

BFS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BFS annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Total Assets$2.2B+1.7%$2.1B+6.6%$2.0B+8.8%$1.8B+5.0%$1.7B+6.1%$1.6B+1.7%$1.6B+5.9%$1.5B+7.4%$1.4B+5.9%$1.3B+3.7%$1.3B+3.0%$1.3B+4.9%$1.2B-0.7%$1.2B+1.2%$1.2B
Cash & Equivalents$8.7M-15.1%$10.3M+22.5%$8.4M-36.7%$13.3M-9.0%$14.6M-45.7%$26.9M+93.1%$13.9M-4.6%$14.6M+33.6%$10.9M+31.1%$8.3M-16.8%$10.0M-17.5%$12.1M-29.9%$17.3M+42.6%$12.1M-1.5%$12.3M
Accounts Receivable$60.8M+19.3%$50.9M-9.1%$56.0M-0.5%$56.3M-4.0%$58.7M-9.6%$64.9M+24.1%$52.3MN/AN/AN/AN/AN/AN/AN/AN/A
Total Liabilities$1.7B+3.7%$1.6B+9.1%$1.5B+13.6%$1.3B+7.8%$1.2B-0.1%$1.2B+3.7%$1.2B+6.6%$1.1B+7.1%$1.0B+6.1%$969.8M+3.0%$941.7M+1.5%$927.7M+5.0%$883.5M-1.8%$900.0M+0.1%$899.4M
Long-Term Debt$468.4M+2.8%$455.8M+37.1%$332.3M+3.6%$320.8M+35.1%$237.4M-11.5%$268.2M-1.3%$271.7M+8.1%$251.4M-11.7%$284.6M+22.8%$231.8M-7.5%$250.5M-1.9%$255.4M-6.4%$272.9M+8.6%$251.3MN/A
Total Equity$307.8M-8.3%$335.8M-3.6%$348.4M-13.0%$400.5M-1.1%$405.0M+11.2%$364.3M-2.8%$375.0M+5.4%$355.9M+6.4%$334.4M+5.0%$318.5M+5.0%$303.3M+3.7%$292.5M+5.7%$276.7M+3.4%$267.7M+7.2%$249.8M
Retained Earnings-$337.7M-10.2%-$306.5M-6.1%-$288.8M-5.6%-$273.6M-6.7%-$256.4M-6.2%-$241.5M-9.2%-$221.2M-6.0%-$208.6M-5.5%-$197.7M-4.8%-$188.6M-4.7%-$180.1M-3.6%-$173.8M-0.7%-$172.6M-11.5%-$154.8M-7.0%-$144.7M

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.

BFS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BFS annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Operating Cash Flow$102.9M$99.8M-17.7%$121.2M+3.0%$117.7M-2.8%$121.2M+2.3%$118.4M+51.1%$78.4M-32.1%$115.4M+4.6%$110.3M+6.7%$103.5M+16.1%$89.1M+0.2%$88.9M+2.7%$86.6M+17.7%$73.5M-6.2%$78.4M+40.9%$55.7M
Capital ExpendituresN/AN/AN/AN/A$116.9M+109.0%$55.9M-0.4%$56.2M-58.6%$135.7M+5.5%$128.7M+7.2%$120.0M+31.8%$91.0M+30.8%$69.6M-22.9%$90.3M+241.4%$26.4M-51.6%$54.6M-73.0%$202.5M
Free Cash FlowN/AN/AN/AN/A$4.3M-93.2%$62.5M+181.4%$22.2M+209.5%-$20.3M-10.8%-$18.3M-10.7%-$16.5M-746.2%-$2.0M-110.1%$19.3M+621.0%-$3.7M-107.9%$47.1M+98.0%$23.8M+116.2%-$146.8M
Investing Cash Flow-$57.3M-$95.8M+49.2%-$188.7M+7.3%-$203.7M-74.3%-$116.9M-109.0%-$55.9M+0.4%-$56.2M+58.6%-$135.7M-5.5%-$128.7M-13.5%-$113.3M-31.3%-$86.3M-24.0%-$69.6M+16.8%-$83.6M-221.1%-$26.0M+44.5%-$46.9M+76.7%-$201.5M
Financing Cash Flow-$30.7M-$5.5M-108.0%$69.4M-14.4%$81.1M+1553.6%-$5.6M+92.5%-$74.8M-707.1%-$9.3M-147.2%$19.6M-10.8%$22.0M+76.7%$12.4M+376.7%-$4.5M+79.0%-$21.4M-163.1%-$8.1M+80.8%-$42.3M-33.4%-$31.7M-121.9%$145.2M
Dividends Paid$57.4M$57.1M+0.4%$56.9M+0.3%$56.7M+2.2%$55.5M+8.9%$51.0M+3.2%$49.4M+1.7%$48.6M+4.9%$46.3M+3.9%$44.6M+12.9%$39.5M+10.7%$35.6M+10.2%$32.3M+10.8%$29.2M+3.8%$28.1M+4.0%$27.1M

Not reported in any period shown, so not listed: Share Buybacks.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

BFS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BFS annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Gross MarginN/AN/A73.9%+0.1pp73.8%-0.5pp74.2%+0.2pp74.1%-0.9pp75.0%-0.6pp75.5%-0.3pp75.8%+0.6pp75.3%-0.3pp75.5%-0.6pp76.1%+0.3pp75.8%+0.6pp75.1%+1.0pp74.1%
Operating Margin67.4%-8.4pp75.8%+2.1pp73.6%+0.2pp73.4%N/AN/AN/A27.5%+0.8pp26.8%+1.1pp25.7%+0.4pp25.3%+0.2pp25.1%+7.3pp17.8%-0.6pp18.5%+0.4pp18.1%
Net Margin12.9%-5.9pp18.8%-1.6pp20.5%+0.1pp20.4%+0.2pp20.2%+2.3pp17.9%-4.4pp22.3%+0.1pp22.3%+0.9pp21.3%+0.5pp20.9%+0.6pp20.3%-2.4pp22.7%+7.1pp15.6%-2.0pp17.6%+2.2pp15.4%
Return on Equity12.2%-2.9pp15.1%0.0pp15.1%+2.6pp12.5%+0.6pp11.9%+0.9pp11.1%-2.7pp13.8%-0.4pp14.2%-0.2pp14.4%+0.2pp14.2%+0.2pp14.0%-2.0pp16.1%+4.9pp11.2%-1.3pp12.5%+1.8pp10.7%
Return on Assets1.7%-0.7pp2.4%-0.3pp2.6%-0.1pp2.7%0.0pp2.8%+0.3pp2.5%-0.8pp3.2%-0.1pp3.3%-0.1pp3.4%0.0pp3.4%+0.1pp3.3%-0.4pp3.7%+1.1pp2.6%-0.2pp2.8%+0.5pp2.2%
Debt-to-Equity1.52+0.2x1.36+0.4x0.95+0.2x0.80+0.2x0.59-0.1x0.740.0x0.720.0x0.71-0.1x0.85+0.1x0.73-0.1x0.830.0x0.87-0.1x0.990.0x0.94-2.7x3.60
FCF MarginN/AN/AN/A1.7%-24.4pp26.1%+16.3pp9.9%+18.6pp-8.8%-0.7pp-8.1%-0.8pp-7.3%-6.4pp-0.9%-10.1pp9.2%+11.0pp-1.8%-25.6pp23.8%+11.3pp12.5%+97.0pp-84.5%

Not reported in any period shown, so not listed: Current Ratio.

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Frequently Asked Questions

What is Saul Ctrs Inc's annual revenue?

Saul Ctrs Inc (BFS) reported $289.8M in total revenue for fiscal year 2025. This represents a 7.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Saul Ctrs Inc's revenue growing?

Saul Ctrs Inc (BFS) revenue grew by 7.8% year-over-year, from $268.8M to $289.8M in fiscal year 2025.

Is Saul Ctrs Inc profitable?

Yes, Saul Ctrs Inc (BFS) reported a net income of $37.5M in fiscal year 2025, with a net profit margin of 12.9%.

Saul Ctrs Inc (BFS) reported diluted earnings per share of $1.09 for fiscal year 2025. This represents a -33.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Saul Ctrs Inc (BFS) had EBITDA of $254.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Saul Ctrs Inc (BFS) had $8.7M in cash and equivalents against $468.4M in long-term debt.

Saul Ctrs Inc (BFS) had an operating margin of 67.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Saul Ctrs Inc (BFS) had a net profit margin of 12.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Saul Ctrs Inc (BFS) paid $2.36 per share in dividends during fiscal year 2025.

Saul Ctrs Inc (BFS) has a return on equity of 12.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Saul Ctrs Inc (BFS) generated $99.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Saul Ctrs Inc (BFS) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Saul Ctrs Inc (BFS) had 24M shares outstanding as of fiscal year 2025.

Saul Ctrs Inc (BFS) had a debt-to-equity ratio of 1.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Saul Ctrs Inc (BFS) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Saul Ctrs Inc (BFS) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Saul Ctrs Inc (BFS) has an earnings quality ratio of 2.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Saul Ctrs Inc (BFS) has an interest coverage ratio of 2.76x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Saul Ctrs Inc (BFS) scores 63 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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