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

ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $97.9M, roughly 1.0× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 10.8%, a 17.7% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 0.4%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs 1.4%).

ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.

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

EBF vs SAFE — Head-to-Head

Bigger by revenue
EBF
EBF
1.0× larger
EBF
$100.2M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+6.1% gap
SAFE
6.5%
0.4%
EBF
Higher net margin
SAFE
SAFE
17.7% more per $
SAFE
28.5%
10.8%
EBF
Faster 2-yr revenue CAGR
SAFE
SAFE
Annualised
SAFE
2.5%
1.4%
EBF

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
EBF
EBF
SAFE
SAFE
Revenue
$100.2M
$97.9M
Net Profit
$10.8M
$27.9M
Gross Margin
31.9%
98.6%
Operating Margin
15.0%
27.4%
Net Margin
10.8%
28.5%
Revenue YoY
0.4%
6.5%
Net Profit YoY
6.1%
7.1%
EPS (diluted)
$0.42
$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
EBF
EBF
SAFE
SAFE
Q4 25
$100.2M
$97.9M
Q3 25
$98.7M
$96.2M
Q2 25
$97.2M
$93.8M
Q1 25
$92.7M
$97.7M
Q4 24
$99.8M
$91.9M
Q3 24
$99.0M
$90.7M
Q2 24
$103.1M
$89.9M
Q1 24
$97.4M
$93.2M
Net Profit
EBF
EBF
SAFE
SAFE
Q4 25
$10.8M
$27.9M
Q3 25
$13.2M
$29.3M
Q2 25
$9.8M
$27.9M
Q1 25
$9.0M
$29.4M
Q4 24
$10.2M
$26.0M
Q3 24
$10.3M
$19.3M
Q2 24
$10.7M
$29.7M
Q1 24
$10.1M
$30.7M
Gross Margin
EBF
EBF
SAFE
SAFE
Q4 25
31.9%
98.6%
Q3 25
30.5%
98.5%
Q2 25
31.1%
99.1%
Q1 25
29.5%
98.8%
Q4 24
29.3%
98.8%
Q3 24
30.1%
98.8%
Q2 24
30.0%
98.8%
Q1 24
28.4%
98.8%
Operating Margin
EBF
EBF
SAFE
SAFE
Q4 25
15.0%
27.4%
Q3 25
12.5%
25.9%
Q2 25
13.7%
25.5%
Q1 25
13.0%
25.9%
Q4 24
13.1%
24.6%
Q3 24
13.3%
17.5%
Q2 24
13.3%
26.7%
Q1 24
13.3%
26.4%
Net Margin
EBF
EBF
SAFE
SAFE
Q4 25
10.8%
28.5%
Q3 25
13.3%
30.5%
Q2 25
10.1%
29.8%
Q1 25
9.7%
30.1%
Q4 24
10.2%
28.3%
Q3 24
10.4%
21.3%
Q2 24
10.4%
33.0%
Q1 24
10.4%
33.0%
EPS (diluted)
EBF
EBF
SAFE
SAFE
Q4 25
$0.42
$0.38
Q3 25
$0.51
$0.41
Q2 25
$0.38
$0.39
Q1 25
$0.34
$0.41
Q4 24
$0.39
$0.36
Q3 24
$0.40
$0.27
Q2 24
$0.41
$0.42
Q1 24
$0.39
$0.43

Balance Sheet & Financial Strength

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

Metric
EBF
EBF
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$31.3M
$21.7M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$304.8M
$2.4B
Total Assets
$354.3M
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBF
EBF
SAFE
SAFE
Q4 25
$31.3M
$21.7M
Q3 25
$31.9M
$12.1M
Q2 25
$32.6M
$13.9M
Q1 25
$72.5M
$17.3M
Q4 24
$68.6M
$8.3M
Q3 24
$122.6M
$15.6M
Q2 24
$123.7M
$13.4M
Q1 24
$110.9M
$11.3M
Total Debt
EBF
EBF
SAFE
SAFE
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
Stockholders' Equity
EBF
EBF
SAFE
SAFE
Q4 25
$304.8M
$2.4B
Q3 25
$305.4M
$2.4B
Q2 25
$301.2M
$2.4B
Q1 25
$302.0M
$2.4B
Q4 24
$297.7M
$2.3B
Q3 24
$358.4M
$2.3B
Q2 24
$354.4M
$2.3B
Q1 24
$349.8M
$2.3B
Total Assets
EBF
EBF
SAFE
SAFE
Q4 25
$354.3M
$7.2B
Q3 25
$361.8M
$7.1B
Q2 25
$361.7M
$7.1B
Q1 25
$348.9M
$6.9B
Q4 24
$346.1M
$6.9B
Q3 24
$406.8M
$6.8B
Q2 24
$406.2M
$6.8B
Q1 24
$399.2M
$6.7B
Debt / Equity
EBF
EBF
SAFE
SAFE
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
EBF
EBF
SAFE
SAFE
Operating Cash FlowLast quarter
$16.4M
$47.8M
Free Cash FlowOCF − Capex
$15.7M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
1.52×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBF
EBF
SAFE
SAFE
Q4 25
$16.4M
$47.8M
Q3 25
$10.5M
$-1.4M
Q2 25
$8.0M
$28.0M
Q1 25
$12.8M
$8.9M
Q4 24
$18.2M
$37.9M
Q3 24
$11.8M
$8.3M
Q2 24
$23.1M
$24.8M
Q1 24
$16.6M
$-3.1M
Free Cash Flow
EBF
EBF
SAFE
SAFE
Q4 25
$15.7M
Q3 25
$9.0M
Q2 25
$6.6M
Q1 25
$11.1M
Q4 24
$17.5M
Q3 24
$10.7M
Q2 24
$20.6M
Q1 24
$15.0M
FCF Margin
EBF
EBF
SAFE
SAFE
Q4 25
15.7%
Q3 25
9.2%
Q2 25
6.8%
Q1 25
12.0%
Q4 24
17.6%
Q3 24
10.8%
Q2 24
20.0%
Q1 24
15.3%
Capex Intensity
EBF
EBF
SAFE
SAFE
Q4 25
0.7%
Q3 25
1.4%
Q2 25
1.4%
Q1 25
1.8%
Q4 24
0.6%
Q3 24
1.1%
Q2 24
2.4%
Q1 24
1.7%
Cash Conversion
EBF
EBF
SAFE
SAFE
Q4 25
1.52×
1.72×
Q3 25
0.80×
-0.05×
Q2 25
0.81×
1.00×
Q1 25
1.41×
0.30×
Q4 24
1.78×
1.45×
Q3 24
1.15×
0.43×
Q2 24
2.16×
0.83×
Q1 24
1.63×
-0.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EBF
EBF

Segment breakdown not available.

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

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