Saturday 17 October 2026
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Saul Centers, Inc.
Saul Centers, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $289.8 million, up 7.81% from fiscal 2024. In the quarter to June 2026, revenue grew 8.41%, EPS fell 27.3%, free cash flow grew 724.3% and total debt rose 2.52%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
29.52
0.38
+1.30%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
43.11 | 37.95 | 29.33 | 33.41 | 25.34 | 33.56 | 24.97 | 22.74 | 23.80 | 28.93 |
Piotroski F-Score |
6 | 4 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 5 |
P/S ratio |
6.54 | 5.99 | 4.65 | 7.04 | 4.40 | 7.10 | 3.97 | 5.12 | 4.98 | 3.80 |
P/FCF ratio |
503.72 | 0.00 | 0.00 | 0.00 | 44.59 | 27.17 | 228.79 | 0.00 | 0.00 | 276.89 |
P/Operating CF |
75.70 | 46.71 | 29.80 | 48.95 | 45.86 | 57.75 | 33.47 | 40.29 | 46.53 | 49.69 |
P/B ratio |
7.34 | 6.36 | 4.31 | 6.31 | 4.08 | 4.92 | 2.90 | 4.12 | 4.24 | 3.77 |
Price to Tangible BV |
7.34 | 6.36 | 4.31 | 6.31 | 4.08 | 4.92 | 2.90 | 4.12 | 4.24 | 3.77 |
EV/Sales |
10.65 | 10.17 | 9.08 | 11.69 | 9.39 | 11.82 | 8.89 | 10.48 | 10.64 | 9.30 |
EV/EBITDA |
22.77 | 21.38 | 18.76 | 24.06 | 20.58 | 24.88 | 18.68 | 22.52 | 23.77 | 24.32 |
EV/Operating CF |
25.93 | 22.26 | 18.71 | 23.46 | 26.98 | 23.88 | 18.04 | 22.90 | 23.60 | 27.01 |
EV/FCF |
820.47 | (233.61) | (112.73) | (133.46) | 95.19 | 45.23 | 512.54 | (31.36) | (42.38) | 676.95 |
Quick Ratio |
2.93 | 2.81 | 2.11 | 1.88 | 3.76 | 2.87 | 1.62 | 1.13 | 1.33 | 1.90 |
Current Ratio |
2.93 | 2.81 | 2.11 | 1.88 | 3.76 | 2.87 | 1.62 | 1.13 | 1.33 | 1.90 |
Net Debt/EBITDA |
8.79 | 8.80 | 9.16 | 9.58 | 10.94 | 9.94 | 10.34 | 11.52 | 12.65 | 14.37 |
Debt/Assets |
67.03% | 67.39% | 66.90% | 67.43% | 69.94% | 65.48% | 66.70% | 69.55% | 72.08% | 74.07% |
Debt/Equity |
2.41 | 2.44 | 2.40 | 2.46 | 2.69 | 2.16 | 2.34 | 2.75 | 3.06 | 3.36 |
Asset Turnover |
0.16 | 0.16 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.14 |
Operating CF/Net income |
2.71 | 2.88 | 3.07 | 3.18 | 2.69 | 3.18 | 3.11 | 2.84 | 3.07 | 3.79 |
Capex/Depreciation |
(1.89) | (2.41) | (2.71) | (2.84) | (1.07) | (1.08) | (2.29) | (4.02) | (3.57) | (1.55) |
| 17.93% | 17.66% | 15.69% | 14.40% | 11.65% | 12.65% | 11.43% | 12.65% | 12.42% | 8.65% | |
| 2.49% | 2.59% | 2.44% | 2.30% | 1.79% | 2.19% | 2.18% | 2.17% | 1.92% | 1.23% | |
ROIC |
2.75% | 2.82% | 2.73% | 2.66% | 2.02% | 2.32% | 2.38% | 2.29% | 2.09% | 1.48% |
Return on Tangible Assets |
2.57% | 2.64% | 2.47% | 2.34% | 1.84% | 2.21% | 2.23% | 2.19% | 1.93% | 1.26% |
Average Days of Receivables |
88.76 | 87.19 | 86.55 | 82.47 | 105.21 | 89.50 | 83.62 | 79.51 | 69.17 | 76.56 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
8.06% | 8.03% | 8.12% | 8.98% | 8.48% | 8.47% | 9.11% | 9.12% | 9.32% | 9.29% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.74% | 0.74% | 0.78% | 0.80% | 0.64% | 0.65% | 0.62% | 0.55% | 0.64% | 0.68% |
Graham Net Nets |
(0.64) | (0.71) | (0.98) | (0.68) | (1.14) | (0.67) | (1.27) | (1.08) | (1.17) | (1.47) |
Graham Number |
17.59 | 18.89 | 19.92 | 17.25 | 14.77 | 19.58 | 22.70 | 19.27 | 18.33 | 14.32 |
Earnings Yield |
2.32% | 2.63% | 3.41% | 2.99% | 3.95% | 2.98% | 4.00% | 4.40% | 4.20% | 3.46% |
Free Cash Flow Yield |
0.20% | (0.73%) | (1.73%) | (1.24%) | 2.24% | 3.68% | 0.44% | (6.53%) | (5.04%) | 0.36% |
Revenue per Share |
10.09 | 10.33 | 10.15 | 7.50 | 7.20 | 7.47 | 10.26 | 7.68 | 7.79 | 8.29 |
Operating CF per Share |
4.14 | 4.72 | 4.93 | 3.74 | 2.51 | 3.70 | 5.06 | 3.52 | 3.51 | 2.85 |
Capex per Share |
(4.01) | (5.17) | (5.75) | (4.39) | (1.80) | (1.75) | (4.88) | (6.08) | (5.47) | (2.74) |
Free Cash Flow per Share |
0.13 | (0.45) | (0.82) | (0.66) | 0.71 | 1.95 | 0.18 | (2.57) | (1.96) | 0.11 |
Cash per Share |
0.39 | 0.50 | 0.65 | 0.45 | 0.86 | 0.46 | 0.55 | 0.25 | 0.30 | 0.25 |
Shareholders Equity per Share |
17.36 | 17.95 | 19.00 | 14.36 | 13.67 | 16.56 | 21.77 | 15.07 | 14.52 | 13.65 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
17.36 | 17.95 | 19.00 | 14.36 | 13.67 | 16.56 | 21.77 | 15.07 | 14.52 | 13.65 |
Free Cash Flow |
2.82 | (9.86) | (18.31) | (20.28) | 22.22 | 62.51 | 4.26 | (85.95) | (67.51) | 3.98 |
Working Capital |
40.26 | 41.84 | 36.04 | 31.02 | 67.39 | 47.70 | 26.62 | 7.42 | 15.09 | 32.92 |
Capital Expenditures |
(86.27) | (113.31) | (128.65) | (135.66) | (56.15) | (55.92) | (116.89) | (203.68) | (188.73) | (95.81) |
Net Current Asset Value |
(908.68) | (964.38) | (1,033.81) | (1,108.77) | (1,126.27) | (1,143.02) | (1,241.90) | (1,425.27) | (1,564.03) | (1,615.88) |
EV/EBIT |
41.47 | 38.00 | 33.00 | 41.88 | 42.26 | 45.86 | 33.09 | 39.05 | 42.37 | 54.90 |
Capex to Sales |
0.40 | 0.50 | 0.57 | 0.59 | 0.25 | 0.23 | 0.48 | 0.79 | 0.70 | 0.33 |
Price to Operating Income |
25.46 | 22.36 | 16.90 | 25.21 | 19.80 | 27.55 | 14.77 | 19.08 | 19.83 | 22.46 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
Cash ROIC |
0.22% | (0.72%) | (1.25%) | (1.31%) | 1.38% | 3.70% | 0.24% | (4.52%) | (3.30%) | 0.19% |
Accounts Receivable Turnover |
4.18 | 4.24 | 4.21 | 4.36 | 3.84 | 3.87 | 4.28 | 4.58 | 5.03 | 5.19 |
Accounts Payable Turnover |
2.15 | 2.49 | 2.00 | 1.71 | 1.96 | 2.47 | 1.88 | 1.34 | 1.40 | 2.04 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
145.69 | 154.33 | 212.91 | 221.77 | 152.36 | 151.37 | 243.13 | 310.00 | 233.82 | 158.21 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
51.93 | 53.42 | 53.97 | 53.09 | 58.61 | 61.79 | 57.49 | 56.18 | 53.49 | 55.87 |
Average Payables |
24.26 | 21.98 | 27.77 | 33.81 | 29.79 | 24.97 | 34.27 | 50.00 | 51.59 | 41.39 |
Average Assets |
1,319.22 | 1,382.74 | 1,474.97 | 1,572.91 | 1,631.96 | 1,696.17 | 1,790.03 | 1,913.72 | 2,060.27 | 2,144.54 |
Average Common Equity |
183.49 | 203.18 | 229.16 | 251.79 | 250.44 | 294.01 | 341.14 | 328.12 | 317.78 | 304.19 |
Columns are period end dates