Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $217M | $226M | $227M | $232M | $225M | $239M | $246M | $257M | $269M | $290M |
| Revenue growth | — | 4.3% | 0.4% | 1.9% | -2.7% | 6.2% | 2.8% | 4.6% | 4.5% | 7.8% |
| Gross profit | $163M | $172M | $172M | $174M | $167M | $178M | $181M | $190M | — | — |
| Gross margin | 75.3% | 75.8% | 75.5% | 75.0% | 74.1% | 74.2% | 73.8% | 73.9% | — | — |
| Operating income | $55.7M | $60.6M | $62.6M | — | — | — | $181M | $189M | $204M | $195M |
| Operating margin | 25.7% | 26.8% | 27.5% | — | — | — | 73.4% | 73.6% | 75.8% | 67.4% |
| Net income | $45.3M | $48.3M | $50.6M | $51.7M | $40.4M | $48.4M | $50.2M | $52.7M | $50.6M | $37.5M |
| Net margin | 20.9% | 21.3% | 22.2% | 22.3% | 17.9% | 20.2% | 20.4% | 20.5% | 18.8% | 12.9% |
| EPS (diluted) | $1.52 | $1.63 | $1.60 | $1.57 | $1.25 | $1.57 | $1.63 | $1.73 | $1.63 | $1.09 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $89.1M | $103M | $110M | $115M | $78.4M | $118M | $121M | $118M | $121M | $99.8M |
| Capital expenditures | $91.0M | $120M | $129M | $136M | $56.2M | $55.9M | $117M | — | — | — |
| Free cash flow | -$1.96M | -$16.5M | -$18.3M | -$20.3M | $22.2M | $62.5M | $4.26M | — | — | — |
| Dividends paid | $39.5M | $44.6M | $46.3M | $48.6M | $49.4M | $51.0M | $55.5M | $56.7M | $56.9M | $57.1M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $8.32M | $10.9M | $14.6M | $13.9M | $26.9M | $14.6M | $13.3M | $8.41M | $10.3M | $8.74M |
| Total assets | $1.34B | $1.42B | $1.53B | $1.62B | $1.65B | $1.75B | $1.83B | $1.99B | $2.13B | $2.16B |
| Total liabilities | $970M | $1.03B | $1.10B | $1.17B | $1.22B | $1.22B | $1.31B | $1.49B | $1.63B | $1.69B |
| Long-term debt | $232M | $285M | $251M | $272M | $268M | $237M | $321M | $332M | $456M | $468M |
| Shareholders' equity | $319M | $334M | $356M | $375M | $364M | $405M | $400M | $348M | $336M | $308M |
| Retained earnings | -$189M | -$198M | -$209M | -$221M | -$242M | -$256M | -$274M | -$289M | -$307M | -$338M |
| Shares (wtd avg diluted) | 21.6M | 22.0M | 22.4M | 23.1M | 23.4M | 23.7M | 24.0M | 24.1M | 24.1M | 24.2M |
Every figure is extracted from SAUL CENTERS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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