How do Traeger, Inc. and Safehold Inc. compare by revenue?

Traeger, Inc. reported revenue of $145.4M in Q4 FY2025, while Safehold Inc. reported $97.9M in Q4 FY2025. Traeger, Inc. is 1.5× larger by last-quarter revenue.

Which is growing revenue faster, Traeger, Inc. or Safehold Inc.?

Traeger, Inc.'s latest revenue grew -13.8% year-over-year, versus 6.5% for Safehold Inc.. Safehold Inc. is growing faster on a YoY basis.

Which has a higher gross margin, Traeger, Inc. or Safehold Inc.?

Traeger, Inc.'s gross margin is 37.4% vs Safehold Inc.'s 98.6%. Safehold Inc. converts more of each revenue dollar into gross profit.

Which has a higher net margin, Traeger, Inc. or Safehold Inc.?

Traeger, Inc.'s net margin is -11.8% vs Safehold Inc.'s 28.5%. Safehold Inc. has the higher bottom-line margin.

What is the 2-year revenue CAGR for Traeger, Inc. vs Safehold Inc.?

Over the trailing 8 quarters, Traeger, Inc. compounded revenue at roughly 0.2% per year, versus 2.5% for Safehold Inc.. Safehold Inc. has the faster medium-term growth trajectory.

Where does this COOK vs SAFE data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Traeger, Inc. (COOK) and Safehold Inc. (SAFE). Click either name above to swap in a different company.

Traeger, Inc. is the larger business by last-quarter revenue ($145.4M vs $97.9M, roughly 1.5× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -11.8%, a 40.3% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -13.8%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs 0.2%).

Traeger, Inc.COOKEarnings & Financial Report

NYSE · Consumer Discretionary · Household Appliances

Traeger, Inc. designs, manufactures, and sells premium wood pellet grills, related accessories, and wood pellet fuel for outdoor cooking users. It primarily operates in North America, Europe, and Australia, serving residential consumers and commercial food service clients via retail partners and direct-to-consumer channels.

Safehold Inc.SAFEEarnings & Financial Report

NYSE · Financials · Real Estate Investment Trusts

SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.

COOK vs SAFE — Head-to-Head

Bigger by revenue

COOK

1.5× larger

$145.4M

$97.9M

Growing faster (revenue YoY)

SAFE

+20.3% gap

6.5%

-13.8%

Higher net margin

SAFE

40.3% more per $

28.5%

-11.8%

Faster 2-yr revenue CAGR

SAFE

Annualised

2.5%

0.2%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	COOK	SAFE
Revenue	$145.4M	$97.9M
Net Profit	$-17.2M	$27.9M
Gross Margin	37.4%	98.6%
Operating Margin	-8.0%	27.4%
Net Margin	-11.8%	28.5%
Revenue YoY	-13.8%	6.5%
Net Profit YoY	-147.2%	7.1%
EPS (diluted)	$-0.13	$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.

Revenue

COOK

SAFE

Q4 25	$145.4M	$97.9M
Q3 25	$125.4M	$96.2M
Q2 25	$145.5M	$93.8M
Q1 25	$143.3M	$97.7M
Q4 24	$168.6M	$91.9M
Q3 24	$122.0M	$90.7M
Q2 24	$168.5M	$89.9M
Q1 24	$144.9M	$93.2M

Net Profit

COOK

SAFE

Q4 25	$-17.2M	$27.9M
Q3 25	$-89.8M	$29.3M
Q2 25	$-7.4M	$27.9M
Q1 25	$-778.0K	$29.4M
Q4 24	$-7.0M	$26.0M
Q3 24	$-19.8M	$19.3M
Q2 24	$-2.6M	$29.7M
Q1 24	$-4.7M	$30.7M

Gross Margin

COOK

SAFE

Q4 25	37.4%	98.6%
Q3 25	38.7%	98.5%
Q2 25	39.2%	99.1%
Q1 25	41.5%	98.8%
Q4 24	40.9%	98.8%
Q3 24	42.3%	98.8%
Q2 24	42.9%	98.8%
Q1 24	43.2%	98.8%

Operating Margin

COOK

SAFE

Q4 25	-8.0%	27.4%
Q3 25	-66.5%	25.9%
Q2 25	-4.2%	25.5%
Q1 25	2.4%	25.9%
Q4 24	-0.1%	24.6%
Q3 24	-6.1%	17.5%
Q2 24	2.8%	26.7%
Q1 24	-0.1%	26.4%

Net Margin

COOK

SAFE

Q4 25	-11.8%	28.5%
Q3 25	-71.6%	30.5%
Q2 25	-5.1%	29.8%
Q1 25	-0.5%	30.1%
Q4 24	-4.1%	28.3%
Q3 24	-16.2%	21.3%
Q2 24	-1.5%	33.0%
Q1 24	-3.2%	33.0%

EPS (diluted)

COOK

SAFE

Q4 25	$-0.13	$0.38
Q3 25	$-0.67	$0.41
Q2 25	$-0.06	$0.39
Q1 25	$-0.01	$0.41
Q4 24	$-0.06	$0.36
Q3 24	$-0.15	$0.27
Q2 24	$-0.02	$0.42
Q1 24	$-0.04	$0.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric	COOK	SAFE
Cash + ST InvestmentsLiquidity on hand	$19.6M	$21.7M
Total DebtLower is stronger	$403.3M	$4.6B
Stockholders' EquityBook value	$170.8M	$2.4B
Total Assets	$676.0M	$7.2B
Debt / EquityLower = less leverage	2.36×	1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

COOK

SAFE

Q4 25	$19.6M	$21.7M
Q3 25	$5.9M	$12.1M
Q2 25	$10.3M	$13.9M
Q1 25	$12.0M	$17.3M
Q4 24	$15.0M	$8.3M
Q3 24	$16.9M	$15.6M
Q2 24	$18.0M	$13.4M
Q1 24	$23.6M	$11.3M

Total Debt

COOK

SAFE

Q4 25	$403.3M	$4.6B
Q3 25	—	$4.5B
Q2 25	—	$4.4B
Q1 25	—	$4.3B
Q4 24	$403.6M	$4.3B
Q3 24	—	$4.3B
Q2 24	—	$4.2B
Q1 24	—	$4.1B

Stockholders' Equity

COOK

SAFE

Q4 25	$170.8M	$2.4B
Q3 25	$186.1M	$2.4B
Q2 25	$274.2M	$2.4B
Q1 25	$279.6M	$2.4B
Q4 24	$276.4M	$2.3B
Q3 24	$279.8M	$2.3B
Q2 24	$297.3M	$2.3B
Q1 24	$294.6M	$2.3B

Total Assets

COOK

SAFE

Q4 25	$676.0M	$7.2B
Q3 25	$689.6M	$7.1B
Q2 25	$780.6M	$7.1B
Q1 25	$825.6M	$6.9B
Q4 24	$830.7M	$6.9B
Q3 24	$818.1M	$6.8B
Q2 24	$842.4M	$6.8B
Q1 24	$862.1M	$6.7B

Debt / Equity

COOK

SAFE

Q4 25	2.36×	1.90×
Q3 25	—	1.89×
Q2 25	—	1.87×
Q1 25	—	1.85×
Q4 24	1.46×	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	COOK	SAFE
Operating Cash FlowLast quarter	$15.5M	$47.8M
Free Cash FlowOCF − Capex	$14.2M	—
FCF MarginFCF / Revenue	9.8%	—
Capex IntensityCapex / Revenue	0.9%	—
Cash ConversionOCF / Net Profit	—	1.72×
TTM Free Cash FlowTrailing 4 quarters	$13.6M	—