20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Saul Centers Inc (BFS) operates in the REIT - RETAIL industry and is headquartered in Bethesda, United States with about 156 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, BFS reported $292M in revenue and $38M in net income.
Saul Centers, Inc. is a self-managed, self-administered equity REIT.
Interactive charts & full statements → Open the BFS valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $302M | $292M | $269M | $257M | $246M | $239M | $225M | $232M | $228M | $227M | $217M | $209M | $207M | $198M | $190M | $174M | $164M | $161M | $160M | $151M | $138M |
| Gross Profit | $224M | $90M | $197M | $190M | $181M | $178M | $167M | $174M | $172M | $173M | $165M | $159M | $158M | $151M | $144M | $129M | $121M | $121M | $160M | $151M | $125M |
| Gross Margin % | 74.2% | 30.7% | 73.2% | 73.9% | 73.8% | 74.2% | 74.1% | 75.0% | 75.6% | 75.9% | 75.9% | 76.0% | 76.4% | 76.3% | 75.7% | 74.0% | 74.1% | 75.1% | 100.0% | 100.0% | 90.9% |
| Operating Income (EBIT) | $129M | $120M | $121M | $167M | $65M | $107M | $50M | $153M | $63M | $61M | $56M | $53M | $52M | $35M | $36M | $34M | $44M | $45M | $46M | $46M | $40M |
| Operating Margin % | 42.7% | 41.0% | 45.1% | 64.8% | 26.6% | 44.8% | 22.3% | 66.0% | 27.5% | 26.7% | 25.7% | 25.3% | 25.1% | 17.8% | 19.1% | 19.4% | 26.8% | 28.0% | 28.9% | 30.2% | 29.3% |
| Net Income | $35M | $38M | $51M | $53M | $50M | $3M | $40M | $52M | $51M | $48M | $45M | $42M | $47M | $31M | $33M | $27M | $37M | $37M | $40M | $37M | $33M |
| Net Margin % | 11.5% | 12.9% | 18.8% | 20.5% | 20.4% | 1.2% | 17.9% | 22.3% | 22.2% | 21.2% | 20.9% | 20.3% | 22.7% | 15.6% | 17.6% | 15.3% | 22.5% | 22.8% | 24.8% | 24.4% | 23.7% |
| EBITDA | $180M | $179M | $172M | $167M | $156M | $157M | $147M | $147M | $218M | $106M | $100M | $96M | $93M | $84M | $76M | $69M | $72M | $73M | $76M | $72M | $66M |
| Earnings Per Share (EPS) | $1.44 | $1.55 | $2.10 | $2.19 | $2.09 | $0.13 | $1.73 | $2.24 | $2.25 | $2.19 | $2.09 | $2.00 | $2.25 | $1.51 | $1.69 | $1.41 | $2.00 | $2.05 | $2.21 | $2.07 | $1.89 |
| Shares Outstanding (M) | 24M | 24M | 24M | 24M | 24M | 24M | 23M | 23M | 22M | 22M | 22M | 21M | 21M | 20M | 20M | 19M | 18M | 18M | 18M | 18M | 17M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $77M | $78M | $75M | $72M | $71M | $72M | $68M | $67M |
| Gross Profit | $54M | $54M | $52M | $64M | $51M | $50M | $49M | $50M |
| Gross Margin % | 70.9% | 69.1% | 69.2% | 88.7% | 72.6% | 69.8% | 72.2% | 73.7% |
| Operating Income (EBIT) | $32M | $12M | $28M | $57M | $31M | $30M | $27M | $20M |
| Operating Margin % | 41.1% | 15.4% | 37.4% | 79.4% | 43.6% | 41.2% | 39.9% | 29.1% |
| Net Income | $9M | $9M | $7M | $10M | $11M | $10M | $8M | $14M |
| Net Margin % | 11.4% | 11.7% | 8.6% | 14.6% | 15.1% | 13.6% | 11.9% | 21.5% |
| EBITDA | $48M | $48M | $43M | $42M | $45M | $44M | $41M | $43M |
| Earnings Per Share (EPS) | $0.36 | $0.38 | $0.27 | $0.43 | $0.44 | $0.41 | $0.33 | $0.60 |
| Shares Outstanding (M) | 24M | 24M | 24M | 24M | 24M | 24M | 24M | 24M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $103M | $100M | $121M | $118M | $121M | $118M | $78M | $115M | $110M | $103M | $89M | $89M | $87M | $74M | $78M | $56M | $63M | $69M | $73M | $71M | $62M |
| Capital Expenditures (CapEx) | $186M | $96M | $189M | $204M | $19M | $56M | $57M | $22M | $52M | $90M | $59M | $24M | $66M | $19M | $41M | $182M | $108M | $81M | $116M | $31M | $27M |
| Free Cash Flow (FCF) | ($83M) | $4M | ($68M) | ($86M) | $102M | $63M | $22M | $93M | $58M | $13M | $30M | $65M | $21M | $54M | $38M | ($126M) | ($45M) | ($12M) | ($43M) | $40M | $35M |
| FCF Margin % | -27.6% | 1.3% | -25.2% | -33.4% | 41.5% | 26.1% | 9.7% | 40.4% | 25.4% | 5.7% | 13.8% | 31.2% | 10.0% | 27.5% | 19.7% | -72.3% | -27.7% | -7.3% | -26.7% | 26.7% | 25.2% |
| Dividends Paid | $69M | $68M | $68M | $68M | $67M | $62M | $61M | $61M | $59M | $57M | $52M | $48M | $46M | $44M | $43M | $42M | $41M | $42M | $45M | $39M | $37M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $31M | $29M | $22M | $21M | $27M | $30M | $29M | $26M |
| Capital Expenditures (CapEx) | $16M | $0M | $96M | $74M | $55M | $24M | $189M | $145M |
| Free Cash Flow (FCF) | $15M | $29M | ($74M) | ($54M) | ($28M) | $6M | ($160M) | ($119M) |
| FCF Margin % | 19.2% | 37.4% | -98.1% | -74.4% | -39.6% | 8.2% | -235.8% | -176.4% |
| Dividends Paid | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B | $2.2B | $2.1B | $2.0B | $1.8B | $1.7B | $1.6B | $1.6B | $1.5B | $1.4B | $1.3B | $1.3B | $1.3B | $1.2B | $1.2B | $1.2B | $1.0B | $926M | $854M | $727M | $701M |
| Cash & Cash Equivalents | $6M | $9M | $10M | $8M | $13M | $15M | $27M | $14M | $15M | $11M | $8M | $10M | $12M | $17M | $12M | $12M | $13M | $21M | $13M | $6M | $8M |
| Total Liabilities | $1.7B | $1.7B | $1.6B | $1.5B | $1.3B | $1.2B | $1.2B | $1.2B | $1.1B | $1.0B | $970M | $950M | $928M | $884M | $900M | $899M | $774M | $700M | $626M | $574M | $563M |
| Total Debt (Short + Long-Term) | $1.6B | $1.6B | $1.5B | $1.4B | $1.3B | $1.1B | $1.0B | $983M | $1.0B | $959M | $832M | $827M | $824M | $1.6B | $846M | $748M | $711M | $1.2B | $1.1B | $1.0B | $995M |
| Total Shareholders' Equity | $296M | $308M | $336M | $348M | $522M | $405M | $364M | $375M | $356M | $334M | $319M | $303M | $293M | $315M | $268M | $250M | $240M | $225M | $225M | $149M | $132M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BFS viewer.
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