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Side-by-side financial comparison of Funko, Inc. (FNKO) and SAFETY INSURANCE GROUP INC (SAFT). Click either name above to swap in a different company.

SAFETY INSURANCE GROUP INC is the larger business by last-quarter revenue ($319.3M vs $273.1M, roughly 1.2× Funko, Inc.). SAFETY INSURANCE GROUP INC runs the higher net margin — 6.3% vs -0.1%, a 6.4% gap on every dollar of revenue. On growth, SAFETY INSURANCE GROUP INC posted the faster year-over-year revenue change (11.4% vs -7.0%). SAFETY INSURANCE GROUP INC produced more free cash flow last quarter ($192.0M vs $19.2M). Over the past eight quarters, Funko, Inc.'s revenue compounded faster (12.5% CAGR vs 9.1%).

Funko Inc. is an American company that manufactures licensed and limited pop culture collectibles, known for its licensed vinyl figurines and bobbleheads. In addition, the company produces licensed plush, action figures, apparel, accessories and games. Founded in 1998 by Mike Becker and Claudia Becker, Funko was originally conceived as a small project to create various low-tech, nostalgia-themed toys. The company's first manufactured bobblehead was of the Big Boy restaurant mascot.

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 24,000 employees, and is ranked No. 72 in the 2025 Fortune 500 list.

FNKO vs SAFT — Head-to-Head

Bigger by revenue
SAFT
SAFT
1.2× larger
SAFT
$319.3M
$273.1M
FNKO
Growing faster (revenue YoY)
SAFT
SAFT
+18.4% gap
SAFT
11.4%
-7.0%
FNKO
Higher net margin
SAFT
SAFT
6.4% more per $
SAFT
6.3%
-0.1%
FNKO
More free cash flow
SAFT
SAFT
$172.8M more FCF
SAFT
$192.0M
$19.2M
FNKO
Faster 2-yr revenue CAGR
FNKO
FNKO
Annualised
FNKO
12.5%
9.1%
SAFT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNKO
FNKO
SAFT
SAFT
Revenue
$273.1M
$319.3M
Net Profit
$-183.0K
$20.1M
Gross Margin
Operating Margin
2.2%
8.0%
Net Margin
-0.1%
6.3%
Revenue YoY
-7.0%
11.4%
Net Profit YoY
87.8%
147.3%
EPS (diluted)
$0.00
$1.36

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
FNKO
FNKO
SAFT
SAFT
Q4 25
$273.1M
$319.3M
Q3 25
$250.9M
$326.6M
Q2 25
$193.5M
$316.3M
Q1 25
$190.7M
$301.4M
Q4 24
$293.7M
$286.7M
Q3 24
$292.8M
$295.3M
Q2 24
$247.7M
$269.8M
Q1 24
$215.7M
$268.2M
Net Profit
FNKO
FNKO
SAFT
SAFT
Q4 25
$-183.0K
$20.1M
Q3 25
$901.0K
$28.3M
Q2 25
$-40.5M
$28.9M
Q1 25
$-27.6M
$21.9M
Q4 24
$-1.5M
$8.1M
Q3 24
$4.3M
$25.9M
Q2 24
$5.1M
$16.6M
Q1 24
$-22.7M
$20.1M
Gross Margin
FNKO
FNKO
SAFT
SAFT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
40.9%
Q2 24
42.0%
Q1 24
40.0%
Operating Margin
FNKO
FNKO
SAFT
SAFT
Q4 25
2.2%
8.0%
Q3 25
2.6%
11.1%
Q2 25
-18.0%
11.6%
Q1 25
-12.2%
9.4%
Q4 24
1.8%
3.5%
Q3 24
4.0%
11.1%
Q2 24
4.3%
7.9%
Q1 24
-6.9%
9.5%
Net Margin
FNKO
FNKO
SAFT
SAFT
Q4 25
-0.1%
6.3%
Q3 25
0.4%
8.7%
Q2 25
-20.9%
9.1%
Q1 25
-14.5%
7.3%
Q4 24
-0.5%
2.8%
Q3 24
1.5%
8.8%
Q2 24
2.1%
6.2%
Q1 24
-10.5%
7.5%
EPS (diluted)
FNKO
FNKO
SAFT
SAFT
Q4 25
$0.00
$1.36
Q3 25
$0.02
$1.91
Q2 25
$-0.74
$1.95
Q1 25
$-0.52
$1.48
Q4 24
$-0.01
$0.56
Q3 24
$0.08
$1.73
Q2 24
$0.10
$1.13
Q1 24
$-0.45
$1.36

Balance Sheet & Financial Strength

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

Metric
FNKO
FNKO
SAFT
SAFT
Cash + ST InvestmentsLiquidity on hand
$42.1M
$73.9M
Total DebtLower is stronger
$100.3M
$50.0M
Stockholders' EquityBook value
$185.8M
$892.3M
Total Assets
$685.2M
$2.5B
Debt / EquityLower = less leverage
0.54×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNKO
FNKO
SAFT
SAFT
Q4 25
$42.1M
$73.9M
Q3 25
$39.2M
$56.2M
Q2 25
$49.2M
$49.4M
Q1 25
$25.9M
$64.7M
Q4 24
$34.7M
$59.0M
Q3 24
$28.5M
$82.3M
Q2 24
$41.6M
$44.6M
Q1 24
$26.1M
$30.8M
Total Debt
FNKO
FNKO
SAFT
SAFT
Q4 25
$100.3M
$50.0M
Q3 25
$106.0M
$30.0M
Q2 25
$111.6M
$30.0M
Q1 25
$117.2M
$30.0M
Q4 24
$122.8M
Q3 24
$128.4M
Q2 24
$133.9M
Q1 24
$139.4M
Stockholders' Equity
FNKO
FNKO
SAFT
SAFT
Q4 25
$185.8M
$892.3M
Q3 25
$182.7M
$899.6M
Q2 25
$181.2M
$873.3M
Q1 25
$212.8M
$850.7M
Q4 24
$233.0M
$828.5M
Q3 24
$236.5M
$851.4M
Q2 24
$223.5M
$810.2M
Q1 24
$212.5M
$807.1M
Total Assets
FNKO
FNKO
SAFT
SAFT
Q4 25
$685.2M
$2.5B
Q3 25
$699.3M
$2.4B
Q2 25
$694.9M
$2.4B
Q1 25
$648.4M
$2.3B
Q4 24
$707.3M
$2.3B
Q3 24
$783.6M
$2.3B
Q2 24
$737.8M
$2.2B
Q1 24
$725.5M
$2.1B
Debt / Equity
FNKO
FNKO
SAFT
SAFT
Q4 25
0.54×
0.06×
Q3 25
0.58×
0.03×
Q2 25
0.62×
0.03×
Q1 25
0.55×
0.04×
Q4 24
0.53×
Q3 24
0.54×
Q2 24
0.60×
Q1 24
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FNKO
FNKO
SAFT
SAFT
Operating Cash FlowLast quarter
$28.1M
$194.5M
Free Cash FlowOCF − Capex
$19.2M
$192.0M
FCF MarginFCF / Revenue
7.0%
60.1%
Capex IntensityCapex / Revenue
3.3%
0.8%
Cash ConversionOCF / Net Profit
9.67×
TTM Free Cash FlowTrailing 4 quarters
$-38.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNKO
FNKO
SAFT
SAFT
Q4 25
$28.1M
$194.5M
Q3 25
$11.2M
$85.5M
Q2 25
$-22.2M
$32.3M
Q1 25
$-22.3M
$3.2M
Q4 24
$59.8M
$128.7M
Q3 24
$3.3M
$73.8M
Q2 24
$45.9M
$25.6M
Q1 24
$14.5M
$-21.1M
Free Cash Flow
FNKO
FNKO
SAFT
SAFT
Q4 25
$19.2M
$192.0M
Q3 25
$3.4M
Q2 25
$-31.8M
$32.3M
Q1 25
$-28.8M
$2.8M
Q4 24
$47.8M
$124.3M
Q3 24
$-4.2M
$73.2M
Q2 24
$36.8M
$25.0M
Q1 24
$10.3M
$-24.2M
FCF Margin
FNKO
FNKO
SAFT
SAFT
Q4 25
7.0%
60.1%
Q3 25
1.3%
Q2 25
-16.5%
10.2%
Q1 25
-15.1%
0.9%
Q4 24
16.3%
43.4%
Q3 24
-1.4%
24.8%
Q2 24
14.9%
9.3%
Q1 24
4.8%
-9.0%
Capex Intensity
FNKO
FNKO
SAFT
SAFT
Q4 25
3.3%
0.8%
Q3 25
3.1%
0.0%
Q2 25
5.0%
0.0%
Q1 25
3.4%
0.1%
Q4 24
4.1%
1.5%
Q3 24
2.6%
0.2%
Q2 24
3.7%
0.2%
Q1 24
1.9%
1.1%
Cash Conversion
FNKO
FNKO
SAFT
SAFT
Q4 25
9.67×
Q3 25
12.47×
3.02×
Q2 25
1.12×
Q1 25
0.14×
Q4 24
15.83×
Q3 24
0.77×
2.85×
Q2 24
8.97×
1.54×
Q1 24
-1.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNKO
FNKO

Core Collectibles$221.0M81%
Loungefly LLC$43.1M16%
Other Products Excluding Core Collectibles And Loungefly Brands$9.0M3%

SAFT
SAFT

Segment breakdown not available.

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