vs

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

AMICUS THERAPEUTICS, INC. is the larger business by last-quarter revenue ($185.2M vs $97.9M, roughly 1.9× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 0.9%, a 27.6% gap on every dollar of revenue. On growth, AMICUS THERAPEUTICS, INC. posted the faster year-over-year revenue change (23.7% vs 6.5%). Over the past eight quarters, AMICUS THERAPEUTICS, INC.'s revenue compounded faster (29.5% CAGR vs 2.5%).

Amicus Therapeutics, Inc. is a public American biopharmaceutical company based in Philadelphia, Pennsylvania. The company went public in 2007 under the Nasdaq trading symbol FOLD. This followed a 2006 planned offering and subsequent withdrawal, which would have established the trading symbol as AMTX Prior to their IPO, Amicus was funded by a variety of venture capital firms including Radius Ventures, Canaan Partners and New Enterprise Associates.

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

FOLD vs SAFE — Head-to-Head

Bigger by revenue
FOLD
FOLD
1.9× larger
FOLD
$185.2M
$97.9M
SAFE
Growing faster (revenue YoY)
FOLD
FOLD
+17.2% gap
FOLD
23.7%
6.5%
SAFE
Higher net margin
SAFE
SAFE
27.6% more per $
SAFE
28.5%
0.9%
FOLD
Faster 2-yr revenue CAGR
FOLD
FOLD
Annualised
FOLD
29.5%
2.5%
SAFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FOLD
FOLD
SAFE
SAFE
Revenue
$185.2M
$97.9M
Net Profit
$1.7M
$27.9M
Gross Margin
85.7%
98.6%
Operating Margin
8.6%
27.4%
Net Margin
0.9%
28.5%
Revenue YoY
23.7%
6.5%
Net Profit YoY
-88.5%
7.1%
EPS (diluted)
$0.00
$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
FOLD
FOLD
SAFE
SAFE
Q4 25
$185.2M
$97.9M
Q3 25
$169.1M
$96.2M
Q2 25
$154.7M
$93.8M
Q1 25
$125.2M
$97.7M
Q4 24
$149.7M
$91.9M
Q3 24
$141.5M
$90.7M
Q2 24
$126.7M
$89.9M
Q1 24
$110.4M
$93.2M
Net Profit
FOLD
FOLD
SAFE
SAFE
Q4 25
$1.7M
$27.9M
Q3 25
$17.3M
$29.3M
Q2 25
$-24.4M
$27.9M
Q1 25
$-21.7M
$29.4M
Q4 24
$14.7M
$26.0M
Q3 24
$-6.7M
$19.3M
Q2 24
$-15.7M
$29.7M
Q1 24
$-48.4M
$30.7M
Gross Margin
FOLD
FOLD
SAFE
SAFE
Q4 25
85.7%
98.6%
Q3 25
88.5%
98.5%
Q2 25
90.2%
99.1%
Q1 25
90.7%
98.8%
Q4 24
90.1%
98.8%
Q3 24
90.6%
98.8%
Q2 24
91.1%
98.8%
Q1 24
87.7%
98.8%
Operating Margin
FOLD
FOLD
SAFE
SAFE
Q4 25
8.6%
27.4%
Q3 25
20.3%
25.9%
Q2 25
-6.1%
25.5%
Q1 25
-6.3%
25.9%
Q4 24
10.7%
24.6%
Q3 24
15.3%
17.5%
Q2 24
11.8%
26.7%
Q1 24
-25.1%
26.4%
Net Margin
FOLD
FOLD
SAFE
SAFE
Q4 25
0.9%
28.5%
Q3 25
10.2%
30.5%
Q2 25
-15.8%
29.8%
Q1 25
-17.3%
30.1%
Q4 24
9.8%
28.3%
Q3 24
-4.8%
21.3%
Q2 24
-12.4%
33.0%
Q1 24
-43.9%
33.0%
EPS (diluted)
FOLD
FOLD
SAFE
SAFE
Q4 25
$0.00
$0.38
Q3 25
$0.06
$0.41
Q2 25
$-0.08
$0.39
Q1 25
$-0.07
$0.41
Q4 24
$0.05
$0.36
Q3 24
$-0.02
$0.27
Q2 24
$-0.05
$0.42
Q1 24
$-0.16
$0.43

Balance Sheet & Financial Strength

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

Metric
FOLD
FOLD
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$293.5M
$21.7M
Total DebtLower is stronger
$392.7M
$4.6B
Stockholders' EquityBook value
$274.2M
$2.4B
Total Assets
$949.9M
$7.2B
Debt / EquityLower = less leverage
1.43×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOLD
FOLD
SAFE
SAFE
Q4 25
$293.5M
$21.7M
Q3 25
$263.8M
$12.1M
Q2 25
$231.0M
$13.9M
Q1 25
$250.6M
$17.3M
Q4 24
$249.9M
$8.3M
Q3 24
$249.8M
$15.6M
Q2 24
$260.1M
$13.4M
Q1 24
$239.6M
$11.3M
Total Debt
FOLD
FOLD
SAFE
SAFE
Q4 25
$392.7M
$4.6B
Q3 25
$392.0M
$4.5B
Q2 25
$391.3M
$4.4B
Q1 25
$390.7M
$4.3B
Q4 24
$390.1M
$4.3B
Q3 24
$389.5M
$4.3B
Q2 24
$388.9M
$4.2B
Q1 24
$388.4M
$4.1B
Stockholders' Equity
FOLD
FOLD
SAFE
SAFE
Q4 25
$274.2M
$2.4B
Q3 25
$230.4M
$2.4B
Q2 25
$204.3M
$2.4B
Q1 25
$193.6M
$2.4B
Q4 24
$194.0M
$2.3B
Q3 24
$178.8M
$2.3B
Q2 24
$132.5M
$2.3B
Q1 24
$130.7M
$2.3B
Total Assets
FOLD
FOLD
SAFE
SAFE
Q4 25
$949.9M
$7.2B
Q3 25
$868.8M
$7.1B
Q2 25
$815.3M
$7.1B
Q1 25
$789.8M
$6.9B
Q4 24
$785.0M
$6.9B
Q3 24
$786.6M
$6.8B
Q2 24
$749.5M
$6.8B
Q1 24
$721.8M
$6.7B
Debt / Equity
FOLD
FOLD
SAFE
SAFE
Q4 25
1.43×
1.90×
Q3 25
1.70×
1.89×
Q2 25
1.92×
1.87×
Q1 25
2.02×
1.85×
Q4 24
2.01×
1.84×
Q3 24
2.18×
1.88×
Q2 24
2.93×
1.81×
Q1 24
2.97×
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
FOLD
FOLD
SAFE
SAFE
Operating Cash FlowLast quarter
$16.3M
$47.8M
Free Cash FlowOCF − Capex
$16.0M
FCF MarginFCF / Revenue
8.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
9.62×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$29.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOLD
FOLD
SAFE
SAFE
Q4 25
$16.3M
$47.8M
Q3 25
$35.7M
$-1.4M
Q2 25
$-26.5M
$28.0M
Q1 25
$7.8M
$8.9M
Q4 24
$-3.9M
$37.9M
Q3 24
$-23.0M
$8.3M
Q2 24
$22.7M
$24.8M
Q1 24
$-29.7M
$-3.1M
Free Cash Flow
FOLD
FOLD
SAFE
SAFE
Q4 25
$16.0M
Q3 25
$35.3M
Q2 25
$-28.9M
Q1 25
$7.5M
Q4 24
$-4.2M
Q3 24
$-23.3M
Q2 24
$21.6M
Q1 24
$-31.5M
FCF Margin
FOLD
FOLD
SAFE
SAFE
Q4 25
8.6%
Q3 25
20.9%
Q2 25
-18.7%
Q1 25
6.0%
Q4 24
-2.8%
Q3 24
-16.5%
Q2 24
17.0%
Q1 24
-28.5%
Capex Intensity
FOLD
FOLD
SAFE
SAFE
Q4 25
0.2%
Q3 25
0.2%
Q2 25
1.6%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.9%
Q1 24
1.6%
Cash Conversion
FOLD
FOLD
SAFE
SAFE
Q4 25
9.62×
1.72×
Q3 25
2.06×
-0.05×
Q2 25
1.00×
Q1 25
0.30×
Q4 24
-0.27×
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

FOLD
FOLD

Other$105.8M57%
Galafold$64.8M35%
Pombiliti Opfolda$14.6M8%

SAFE
SAFE

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

Related Comparisons