Safehold
SAFE
12.00
-0.10
-0.83%
Safehold
US · SAFE
#3362 by market cap
12.00
-0.10
-0.83%
Live - 5344 symbols - heartbeat 85s ago
· 2026-10-09 20:02
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.71, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +5.43% YoY
Margins
- Gross margin
- 98.77%
- Operating margin
- 80.75%
- Net margin
- 29.69%
Key ratios & quality
- Altman Z-Scorei
- 0.71
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49.72M | 93.40M | 155.43M | 187.01M | 270.31M | 352.58M | 365.69M | 385.55M |
| Gross profit | 48.12M | 90.72M | 152.95M | 184.35M | 267.20M | 347.93M | 361.46M | 380.79M |
| Selling & admin expenses | 10.66M | 14.44M | 22.73M | 28.75M | 38.61M | 65.44M | 54.92M | 54.34M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 28.32M | 66.91M | 120.78M | 146.04M | 218.98M | 269.84M | 287.11M | 311.34M |
| Pretax profit | 11.94M | 33.73M | 59.49M | 73.36M | 144.68M | -52.85M | 110.06M | 117.56M |
| Tax | -- | -- | -- | 0 | 0 | 1.72M | 3.45M | 2.93M |
| Net profit | 11.94M | 33.73M | 59.49M | 73.36M | 144.68M | -54.57M | 106.62M | 114.63M |
| Basic EPS | 1 | 1 | 1 | 1 | 2 | -1 | 1 | 2 |
| Diluted EPS | 0.64 | 0.89 | 1.17 | 1.32 | 2.17 | -0.82 | 1.48 | 1.59 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 97.68M | 93.84M | 96.16M | 97.87M | 110.85M | 114.65M |
| Gross profit | 96.52M | 92.96M | 94.77M | 96.55M | 97.35M | 99.94M |
| Selling & admin expenses | 14.13M | 12.95M | 13.07M | 14.18M | 15.30M | 14.34M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 77.90M | 75.53M | 78.56M | 79.36M | 79.70M | 83.48M |
| Pretax profit | 30.29M | 28.83M | 29.53M | 28.91M | 29.58M | 32.12M |
| Tax | 883.00K | 862.00K | 215.00K | 973.00K | 685.00K | 1.39M |
| Net profit | 29.41M | 27.97M | 29.32M | 27.93M | 28.90M | 30.72M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.41 | 0.39 | 0.41 | 0.38 | 0.40 | 0.42 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 49.36M | 503.75M | 767.23M | 954.16M | 1.58B | 1.97B | 2.18B | 2.44B |
| Cash & ST investments | 16.42M | 22.70M | 56.95M | 29.62M | 20.07M | 28.47M | 15.58M | 23.73M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 979.74M | 2.57B | 3.21B | 4.52B | 5.85B | 6.55B | 6.90B | 7.25B |
| Total current liabilities | 9.32M | 19.11M | 32.79M | 48.89M | 80.35M | 101.14M | 117.51M | 136.30M |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | 543.97M | 1.37B | 1.68B | 2.70B | 3.52B | 3.95B | 4.22B | 4.49B |
| Total liabilities | 622,385,000.00 | 1,473,263,000.00 | 1,827,667,000.00 | 2,830,524,000.00 | 3,686,307,000.00 | 4,252,638,000.00 | 4,525,352,000.00 | 4,809,396,000.00 |
| Total equity | 357.36M | 1.09B | 1.38B | 1.69B | 2.16B | 2.30B | 2.37B | 2.44B |
| Retained earnings | -8.49M | -2.15M | 23.95M | 59.37M | 151.23M | 47.58M | 102.47M | 165.74M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.22B | 2.31B | 2.38B | 2.44B | 2.51B | 2.59B |
| Cash & ST investments | 23.19M | 19.09M | 15.08M | 23.73M | 20.14M | 15.92M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 6.93B | 7.06B | 7.15B | 7.25B | 7.38B | 7.52B |
| Total current liabilities | 117.64M | 127.39M | 125.80M | 136.30M | 133.18M | 143.49M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 4.24B | 4.34B | 4.41B | 4.49B | 4.60B | 4.55B |
| Total liabilities | 4,548,179,000.00 | 4,659,091,000.00 | 4,726,755,000.00 | 4,809,396,000.00 | 4,920,363,000.00 | 4,886,977,000.00 |
| Total equity | 2.38B | 2.40B | 2.42B | 2.44B | 2.46B | 2.63B |
| Retained earnings | 119.03M | 134.19M | 150.67M | 165.74M | 181.80M | 199.29M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 13.53M | -1.96M | 35.71M | 26.92M | 64.85M | 15.39M | 37.86M | 47.81M |
| Depreciation & amortization | 11.66M | 11.89M | 12.08M | 11.99M | 11.92M | 12.24M | 12.26M | 10.86M |
| Free cash flow | 13.53M | -1.37B | 35.71M | 26.92M | 64.85M | 15.39M | 37.86M | 47.81M |
| Dividends paid | -10.93M | -16.62M | -32.00M | -35.95M | -42.19M | -46.04M | -50.59M | -50.92M |
| Stock buybacks / issuance | 0 | 511.90M | 271.21M | 243.35M | 309.16M | 151.94M | 0 | 0 |
| Ending cash balance | 24.43M | 46.78M | 96.47M | 38.52M | 48.39M | 46.74M | 17.12M | 30.74M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 8.90M | 28.00M | -1.41M | 12.32M | -8.60M | 34.63M |
| Depreciation & amortization | 2.77M | 2.70M | 2.69M | 2.69M | 2.31M | 2.31M |
| Free cash flow | 8.90M | 28.00M | -1.41M | 12.32M | -8.60M | 34.63M |
| Dividends paid | -12.65M | -12.89M | -12.69M | -12.69M | -12.69M | -13.10M |
| Stock buybacks / issuance | 0 | 0 | -- | -- | -3.20M | -12.85M |
| Ending cash balance | 25.98M | 22.94M | 21.26M | 30.74M | 28.12M | 26.10M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 3.30 | 3.83 | 4.80 | 4.78 | 7.08 | -2.51 | 4.62 | 4.82 |
| ROA %i | 1.37 | 1.56 | 2.05 | 1.89 | 2.61 | -0.89 | 1.57 | 1.62 |
| ROIC %i | 2.94 | 2.94 | 3.84 | 3.52 | 4.60 | 1.34 | 4.66 | 4.69 |
| 5-year avg ROE %i | -- | -- | -- | -- | 4.76 | 3.59 | 3.75 | 3.76 |
| EBIT margin %i | 54.95 | 68.09 | 79.68 | 81.85 | 101.24 | 36.35 | 84.25 | 84.10 |
| FCF / sales %i | 27.21 | -- | 22.98 | -- | 23.99 | 4.37 | 10.35 | 12.40 |
| Current ratioi | 5.30 | 26.36 | 23.40 | 19.52 | 19.62 | 19.51 | 18.56 | 17.88 |
| Quick ratioi | 4.24 | 25.02 | 22.19 | 19.29 | 19.21 | 19.21 | 18.48 | 17.81 |
| Debt / assetsi | 55.52 | 53.72 | 52.68 | 59.86 | 60.28 | 60.63 | 61.28 | 61.96 |
| LT debt / equityi | 153.08 | 126.28 | 122.57 | 160.68 | 164.69 | 177.93 | 180.37 | 186.50 |
| Interest coveragei | 1.78 | 2.13 | 1.92 | 1.92 | 2.12 | 0.71 | 1.56 | 1.57 |
| Revenue CAGR (3Y) %i | 38.87 | 62.56 | -- | 55.51 | 42.51 | 31.39 | 25.05 | 12.57 |
| Net income CAGR (3Y) %i | 29.96 | 61.17 | -- | 83.99 | 69.74 | -- | 13.09 | -5.45 |
| FCF CAGR (3Y) %i | 39.11 | -- | -- | 25.78 | -- | -24.46 | 12.04 | -9.66 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 4.51 | 4.38 | 4.82 | 4.82 | 4.77 | 4.83 |
| ROA %i | 1.54 | 1.48 | 1.61 | 1.62 | 1.59 | 1.59 |
| ROIC %i | 4.59 | 4.53 | 4.68 | 4.69 | 4.68 | 4.72 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 83.40 | 82.66 | 84.49 | 84.10 | 81.92 | 79.57 |
| FCF / sales %i | 13.46 | 14.18 | 11.43 | 12.40 | 7.60 | 8.81 |
| Current ratioi | 18.85 | 18.16 | 18.89 | 17.88 | 18.82 | 18.06 |
| Quick ratioi | 18.77 | 18.09 | 18.82 | 17.81 | 18.75 | 17.98 |
| Debt / assetsi | 61.34 | 61.62 | 61.85 | 61.96 | 62.35 | 60.63 |
| LT debt / equityi | 180.81 | 183.37 | 184.96 | 186.50 | 189.53 | 186.92 |
| Interest coveragei | 1.54 | 1.53 | 1.57 | 1.57 | 1.56 | 1.56 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Ground Leases is the largest reported line at 86.10% of revenue, across 2 reported segments.
- The next-largest line, Hotel Operations, is a distant second at 13.90% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Ground Leases86.10%
Hotel Operations13.90%
Quote time 2026-10-09 20:02:28 · For reference only, not investment advice and not tailored to your situation.
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