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

Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $49.7M, roughly 2.0× GEN Restaurant Group, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -3.8%, a 32.3% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -9.0%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -1.0%).

Gen Korean BBQ is an American chain of all-you-can-eat Korean barbecue restaurants mainly concentrated around the Western U.S. It opened in 2011, and has since grown to 43 locations as of 2024.

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

GENK vs SAFE — Head-to-Head

Bigger by revenue
SAFE
SAFE
2.0× larger
SAFE
$97.9M
$49.7M
GENK
Growing faster (revenue YoY)
SAFE
SAFE
+15.5% gap
SAFE
6.5%
-9.0%
GENK
Higher net margin
SAFE
SAFE
32.3% more per $
SAFE
28.5%
-3.8%
GENK
Faster 2-yr revenue CAGR
SAFE
SAFE
Annualised
SAFE
2.5%
-1.0%
GENK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GENK
GENK
SAFE
SAFE
Revenue
$49.7M
$97.9M
Net Profit
$-1.9M
$27.9M
Gross Margin
98.6%
Operating Margin
-24.5%
27.4%
Net Margin
-3.8%
28.5%
Revenue YoY
-9.0%
6.5%
Net Profit YoY
-821.4%
7.1%
EPS (diluted)
$-0.37
$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
GENK
GENK
SAFE
SAFE
Q4 25
$49.7M
$97.9M
Q3 25
$50.4M
$96.2M
Q2 25
$55.0M
$93.8M
Q1 25
$57.3M
$97.7M
Q4 24
$54.7M
$91.9M
Q3 24
$49.1M
$90.7M
Q2 24
$53.9M
$89.9M
Q1 24
$50.8M
$93.2M
Net Profit
GENK
GENK
SAFE
SAFE
Q4 25
$-1.9M
$27.9M
Q3 25
$-566.0K
$29.3M
Q2 25
$-261.0K
$27.9M
Q1 25
$-301.0K
$29.4M
Q4 24
$-206.0K
$26.0M
Q3 24
$25.0K
$19.3M
Q2 24
$277.0K
$29.7M
Q1 24
$496.0K
$30.7M
Gross Margin
GENK
GENK
SAFE
SAFE
Q4 25
98.6%
Q3 25
98.5%
Q2 25
99.1%
Q1 25
98.8%
Q4 24
98.8%
Q3 24
98.8%
Q2 24
98.8%
Q1 24
98.8%
Operating Margin
GENK
GENK
SAFE
SAFE
Q4 25
-24.5%
27.4%
Q3 25
-7.4%
25.9%
Q2 25
-3.4%
25.5%
Q1 25
-3.8%
25.9%
Q4 24
-2.4%
24.6%
Q3 24
0.2%
17.5%
Q2 24
3.0%
26.7%
Q1 24
0.2%
26.4%
Net Margin
GENK
GENK
SAFE
SAFE
Q4 25
-3.8%
28.5%
Q3 25
-1.1%
30.5%
Q2 25
-0.5%
29.8%
Q1 25
-0.5%
30.1%
Q4 24
-0.4%
28.3%
Q3 24
0.1%
21.3%
Q2 24
0.5%
33.0%
Q1 24
1.0%
33.0%
EPS (diluted)
GENK
GENK
SAFE
SAFE
Q4 25
$-0.37
$0.38
Q3 25
$-0.11
$0.41
Q2 25
$-0.05
$0.39
Q1 25
$-0.06
$0.41
Q4 24
$-0.05
$0.36
Q3 24
$0.01
$0.27
Q2 24
$0.06
$0.42
Q1 24
$0.11
$0.43

Balance Sheet & Financial Strength

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

Metric
GENK
GENK
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$2.8M
$21.7M
Total DebtLower is stronger
$13.6M
$4.6B
Stockholders' EquityBook value
$26.5M
$2.4B
Total Assets
$259.9M
$7.2B
Debt / EquityLower = less leverage
0.51×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENK
GENK
SAFE
SAFE
Q4 25
$2.8M
$21.7M
Q3 25
$4.8M
$12.1M
Q2 25
$9.6M
$13.9M
Q1 25
$15.4M
$17.3M
Q4 24
$23.7M
$8.3M
Q3 24
$22.1M
$15.6M
Q2 24
$29.2M
$13.4M
Q1 24
$28.1M
$11.3M
Total Debt
GENK
GENK
SAFE
SAFE
Q4 25
$13.6M
$4.6B
Q3 25
$10.8M
$4.5B
Q2 25
$7.8M
$4.4B
Q1 25
$6.5M
$4.3B
Q4 24
$6.9M
$4.3B
Q3 24
$7.2M
$4.3B
Q2 24
$7.6M
$4.2B
Q1 24
$7.7M
$4.1B
Stockholders' Equity
GENK
GENK
SAFE
SAFE
Q4 25
$26.5M
$2.4B
Q3 25
$38.1M
$2.4B
Q2 25
$41.0M
$2.4B
Q1 25
$42.8M
$2.4B
Q4 24
$44.1M
$2.3B
Q3 24
$46.5M
$2.3B
Q2 24
$45.9M
$2.3B
Q1 24
$40.4M
$2.3B
Total Assets
GENK
GENK
SAFE
SAFE
Q4 25
$259.9M
$7.2B
Q3 25
$245.5M
$7.1B
Q2 25
$246.3M
$7.1B
Q1 25
$232.4M
$6.9B
Q4 24
$240.4M
$6.9B
Q3 24
$225.7M
$6.8B
Q2 24
$218.8M
$6.8B
Q1 24
$214.5M
$6.7B
Debt / Equity
GENK
GENK
SAFE
SAFE
Q4 25
0.51×
1.90×
Q3 25
0.28×
1.89×
Q2 25
0.19×
1.87×
Q1 25
0.15×
1.85×
Q4 24
0.16×
1.84×
Q3 24
0.16×
1.88×
Q2 24
0.17×
1.81×
Q1 24
0.19×
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
GENK
GENK
SAFE
SAFE
Operating Cash FlowLast quarter
$-426.0K
$47.8M
Free Cash FlowOCF − Capex
$-5.6M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
10.5%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$-24.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENK
GENK
SAFE
SAFE
Q4 25
$-426.0K
$47.8M
Q3 25
$-1.6M
$-1.4M
Q2 25
$3.3M
$28.0M
Q1 25
$2.2M
$8.9M
Q4 24
$7.3M
$37.9M
Q3 24
$1.4M
$8.3M
Q2 24
$5.6M
$24.8M
Q1 24
$3.5M
$-3.1M
Free Cash Flow
GENK
GENK
SAFE
SAFE
Q4 25
$-5.6M
Q3 25
$-7.7M
Q2 25
$-6.3M
Q1 25
$-4.7M
Q4 24
$165.0K
Q3 24
$-6.8M
Q2 24
$1.2M
Q1 24
$-586.0K
FCF Margin
GENK
GENK
SAFE
SAFE
Q4 25
-11.3%
Q3 25
-15.3%
Q2 25
-11.5%
Q1 25
-8.2%
Q4 24
0.3%
Q3 24
-13.9%
Q2 24
2.3%
Q1 24
-1.2%
Capex Intensity
GENK
GENK
SAFE
SAFE
Q4 25
10.5%
Q3 25
12.0%
Q2 25
17.5%
Q1 25
11.9%
Q4 24
13.1%
Q3 24
16.9%
Q2 24
8.0%
Q1 24
8.1%
Cash Conversion
GENK
GENK
SAFE
SAFE
Q4 25
1.72×
Q3 25
-0.05×
Q2 25
1.00×
Q1 25
0.30×
Q4 24
1.45×
Q3 24
57.96×
0.43×
Q2 24
20.06×
0.83×
Q1 24
7.08×
-0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GENK
GENK

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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