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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $97.9M, roughly 1.0× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -5.2%, a 33.6% gap on every dollar of revenue.
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
GCL vs SAFE — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $97.9M |
| Net Profit | $-5.1M | $27.9M |
| Gross Margin | 11.0% | 98.6% |
| Operating Margin | -6.7% | 27.4% |
| Net Margin | -5.2% | 28.5% |
| Revenue YoY | — | 6.5% |
| Net Profit YoY | — | 7.1% |
| EPS (diluted) | $-0.04 | $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 | — | $97.9M | ||
| Q3 25 | $98.7M | $96.2M | ||
| Q2 25 | $142.1M | $93.8M | ||
| Q1 25 | — | $97.7M | ||
| Q4 24 | — | $91.9M | ||
| Q3 24 | $36.1M | $90.7M | ||
| Q2 24 | — | $89.9M | ||
| Q1 24 | — | $93.2M |
| Q4 25 | — | $27.9M | ||
| Q3 25 | $-5.1M | $29.3M | ||
| Q2 25 | $5.6M | $27.9M | ||
| Q1 25 | — | $29.4M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | $-1.9M | $19.3M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $30.7M |
| Q4 25 | — | 98.6% | ||
| Q3 25 | 11.0% | 98.5% | ||
| Q2 25 | 15.0% | 99.1% | ||
| Q1 25 | — | 98.8% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | 16.2% | 98.8% | ||
| Q2 24 | — | 98.8% | ||
| Q1 24 | — | 98.8% |
| Q4 25 | — | 27.4% | ||
| Q3 25 | -6.7% | 25.9% | ||
| Q2 25 | 2.3% | 25.5% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | -5.6% | 17.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.4% |
| Q4 25 | — | 28.5% | ||
| Q3 25 | -5.2% | 30.5% | ||
| Q2 25 | 3.9% | 29.8% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | -5.2% | 21.3% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 33.0% |
| Q4 25 | — | $0.38 | ||
| Q3 25 | $-0.04 | $0.41 | ||
| Q2 25 | $0.05 | $0.39 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | — | $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 | $16.6M | $21.7M |
| Total DebtLower is stronger | $52.0M | $4.6B |
| Stockholders' EquityBook value | $33.1M | $2.4B |
| Total Assets | $159.9M | $7.2B |
| Debt / EquityLower = less leverage | 1.57× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.7M | ||
| Q3 25 | $16.6M | $12.1M | ||
| Q2 25 | $18.2M | $13.9M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | $2.7M | $15.6M | ||
| Q2 24 | — | $13.4M | ||
| Q1 24 | — | $11.3M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | $52.0M | $4.5B | ||
| Q2 25 | $11.9M | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $33.1M | $2.4B | ||
| Q2 25 | $35.9M | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $15.9M | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | — | $7.2B | ||
| Q3 25 | $159.9M | $7.1B | ||
| Q2 25 | $101.6M | $7.1B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | $49.6M | $6.8B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | 1.57× | 1.89× | ||
| Q2 25 | 0.33× | 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 | $-4.8M | $47.8M |
| Free Cash FlowOCF − Capex | $-5.2M | — |
| FCF MarginFCF / Revenue | -5.3% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $47.8M | ||
| Q3 25 | $-4.8M | $-1.4M | ||
| Q2 25 | $-10.3M | $28.0M | ||
| Q1 25 | — | $8.9M | ||
| Q4 24 | — | $37.9M | ||
| Q3 24 | $6.1M | $8.3M | ||
| Q2 24 | — | $24.8M | ||
| Q1 24 | — | $-3.1M |
| Q4 25 | — | — | ||
| Q3 25 | $-5.2M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | -1.84× | 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
GCL
Segment breakdown not available.
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
