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Side-by-side financial comparison of C3.ai, Inc. (AI) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $75.1M, roughly 1.3× C3.ai, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -139.3%, a 167.8% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -20.3%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
AI vs SAFE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $97.9M |
| Net Profit | $-104.7M | $27.9M |
| Gross Margin | 40.4% | 98.6% |
| Operating Margin | -149.2% | 27.4% |
| Net Margin | -139.3% | 28.5% |
| Revenue YoY | -20.3% | 6.5% |
| Net Profit YoY | -58.7% | 7.1% |
| EPS (diluted) | $-0.75 | $0.38 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $97.9M | ||
| Q3 25 | $70.3M | $96.2M | ||
| Q2 25 | $108.7M | $93.8M | ||
| Q1 25 | $98.8M | $97.7M | ||
| Q4 24 | $94.3M | $91.9M | ||
| Q3 24 | $87.2M | $90.7M | ||
| Q2 24 | $86.6M | $89.9M | ||
| Q1 24 | $78.4M | $93.2M |
| Q4 25 | $-104.7M | $27.9M | ||
| Q3 25 | $-116.8M | $29.3M | ||
| Q2 25 | $-79.7M | $27.9M | ||
| Q1 25 | $-80.2M | $29.4M | ||
| Q4 24 | $-66.0M | $26.0M | ||
| Q3 24 | $-62.8M | $19.3M | ||
| Q2 24 | $-72.9M | $29.7M | ||
| Q1 24 | $-72.6M | $30.7M |
| Q4 25 | 40.4% | 98.6% | ||
| Q3 25 | 37.6% | 98.5% | ||
| Q2 25 | 62.1% | 99.1% | ||
| Q1 25 | 59.1% | 98.8% | ||
| Q4 24 | 61.3% | 98.8% | ||
| Q3 24 | 59.8% | 98.8% | ||
| Q2 24 | 59.6% | 98.8% | ||
| Q1 24 | 57.8% | 98.8% |
| Q4 25 | -149.2% | 27.4% | ||
| Q3 25 | -177.7% | 25.9% | ||
| Q2 25 | -81.8% | 25.5% | ||
| Q1 25 | -88.7% | 25.9% | ||
| Q4 24 | -79.8% | 24.6% | ||
| Q3 24 | -83.2% | 17.5% | ||
| Q2 24 | -95.1% | 26.7% | ||
| Q1 24 | -105.3% | 26.4% |
| Q4 25 | -139.3% | 28.5% | ||
| Q3 25 | -166.2% | 30.5% | ||
| Q2 25 | -73.3% | 29.8% | ||
| Q1 25 | -81.2% | 30.1% | ||
| Q4 24 | -69.9% | 28.3% | ||
| Q3 24 | -72.0% | 21.3% | ||
| Q2 24 | -84.2% | 33.0% | ||
| Q1 24 | -92.6% | 33.0% |
| Q4 25 | $-0.75 | $0.38 | ||
| Q3 25 | $-0.86 | $0.41 | ||
| Q2 25 | $-0.60 | $0.39 | ||
| Q1 25 | $-0.62 | $0.41 | ||
| Q4 24 | $-0.52 | $0.36 | ||
| Q3 24 | $-0.50 | $0.27 | ||
| Q2 24 | $-0.59 | $0.42 | ||
| Q1 24 | $-0.60 | $0.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $21.7M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $771.9M | $2.4B |
| Total Assets | $961.3M | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $21.7M | ||
| Q3 25 | $711.9M | $12.1M | ||
| Q2 25 | $742.7M | $13.9M | ||
| Q1 25 | $724.3M | $17.3M | ||
| Q4 24 | $730.4M | $8.3M | ||
| Q3 24 | $762.5M | $15.6M | ||
| Q2 24 | $750.4M | $13.4M | ||
| Q1 24 | $723.3M | $11.3M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $771.9M | $2.4B | ||
| Q3 25 | $798.8M | $2.4B | ||
| Q2 25 | $838.3M | $2.4B | ||
| Q1 25 | $860.2M | $2.4B | ||
| Q4 24 | $859.0M | $2.3B | ||
| Q3 24 | $874.9M | $2.3B | ||
| Q2 24 | $873.4M | $2.3B | ||
| Q1 24 | $898.0M | $2.3B |
| Q4 25 | $961.3M | $7.2B | ||
| Q3 25 | $968.7M | $7.1B | ||
| Q2 25 | $1.0B | $7.1B | ||
| Q1 25 | $1.1B | $6.9B | ||
| Q4 24 | $1.0B | $6.9B | ||
| Q3 24 | $1.1B | $6.8B | ||
| Q2 24 | $1.0B | $6.8B | ||
| Q1 24 | $1.1B | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $47.8M |
| Free Cash FlowOCF − Capex | $-46.9M | — |
| FCF MarginFCF / Revenue | -62.4% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $47.8M | ||
| Q3 25 | $-33.5M | $-1.4M | ||
| Q2 25 | $11.3M | $28.0M | ||
| Q1 25 | $-22.0M | $8.9M | ||
| Q4 24 | $-38.7M | $37.9M | ||
| Q3 24 | $8.0M | $8.3M | ||
| Q2 24 | $21.3M | $24.8M | ||
| Q1 24 | $-39.1M | $-3.1M |
| Q4 25 | $-46.9M | — | ||
| Q3 25 | $-34.3M | — | ||
| Q2 25 | $10.3M | — | ||
| Q1 25 | $-22.4M | — | ||
| Q4 24 | $-39.5M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $18.8M | — | ||
| Q1 24 | $-45.1M | — |
| Q4 25 | -62.4% | — | ||
| Q3 25 | -48.8% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | -22.7% | — | ||
| Q4 24 | -41.9% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 21.7% | — | ||
| Q1 24 | -57.6% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 7.8% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
