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Side-by-side financial comparison of GRAHAM CORP (GHM) 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 $56.7M, roughly 1.7× GRAHAM CORP). Safehold Inc. runs the higher net margin — 28.5% vs 5.0%, a 23.5% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 6.5%). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% CAGR vs 2.5%).

Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.

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

GHM vs SAFE — Head-to-Head

Bigger by revenue
SAFE
SAFE
1.7× larger
SAFE
$97.9M
$56.7M
GHM
Growing faster (revenue YoY)
GHM
GHM
+14.0% gap
GHM
20.5%
6.5%
SAFE
Higher net margin
SAFE
SAFE
23.5% more per $
SAFE
28.5%
5.0%
GHM
Faster 2-yr revenue CAGR
GHM
GHM
Annualised
GHM
7.5%
2.5%
SAFE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
GHM
GHM
SAFE
SAFE
Revenue
$56.7M
$97.9M
Net Profit
$2.8M
$27.9M
Gross Margin
23.8%
98.6%
Operating Margin
5.5%
27.4%
Net Margin
5.0%
28.5%
Revenue YoY
20.5%
6.5%
Net Profit YoY
79.2%
7.1%
EPS (diluted)
$0.25
$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
GHM
GHM
SAFE
SAFE
Q4 25
$56.7M
$97.9M
Q3 25
$66.0M
$96.2M
Q2 25
$55.5M
$93.8M
Q1 25
$59.3M
$97.7M
Q4 24
$47.0M
$91.9M
Q3 24
$53.6M
$90.7M
Q2 24
$50.0M
$89.9M
Q1 24
$49.1M
$93.2M
Net Profit
GHM
GHM
SAFE
SAFE
Q4 25
$2.8M
$27.9M
Q3 25
$3.1M
$29.3M
Q2 25
$4.6M
$27.9M
Q1 25
$4.4M
$29.4M
Q4 24
$1.6M
$26.0M
Q3 24
$3.3M
$19.3M
Q2 24
$3.0M
$29.7M
Q1 24
$1.3M
$30.7M
Gross Margin
GHM
GHM
SAFE
SAFE
Q4 25
23.8%
98.6%
Q3 25
21.7%
98.5%
Q2 25
26.5%
99.1%
Q1 25
27.0%
98.8%
Q4 24
24.8%
98.8%
Q3 24
23.9%
98.8%
Q2 24
24.8%
98.8%
Q1 24
25.9%
98.8%
Operating Margin
GHM
GHM
SAFE
SAFE
Q4 25
5.5%
27.4%
Q3 25
6.5%
25.9%
Q2 25
8.9%
25.5%
Q1 25
9.3%
25.9%
Q4 24
4.7%
24.6%
Q3 24
7.9%
17.5%
Q2 24
6.5%
26.7%
Q1 24
3.1%
26.4%
Net Margin
GHM
GHM
SAFE
SAFE
Q4 25
5.0%
28.5%
Q3 25
4.7%
30.5%
Q2 25
8.3%
29.8%
Q1 25
7.4%
30.1%
Q4 24
3.4%
28.3%
Q3 24
6.1%
21.3%
Q2 24
5.9%
33.0%
Q1 24
2.7%
33.0%
EPS (diluted)
GHM
GHM
SAFE
SAFE
Q4 25
$0.25
$0.38
Q3 25
$0.28
$0.41
Q2 25
$0.42
$0.39
Q1 25
$0.40
$0.41
Q4 24
$0.14
$0.36
Q3 24
$0.30
$0.27
Q2 24
$0.27
$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
GHM
GHM
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$22.3M
$21.7M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$131.3M
$2.4B
Total Assets
$292.9M
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHM
GHM
SAFE
SAFE
Q4 25
$22.3M
$21.7M
Q3 25
$20.6M
$12.1M
Q2 25
$10.8M
$13.9M
Q1 25
$21.6M
$17.3M
Q4 24
$30.0M
$8.3M
Q3 24
$32.3M
$15.6M
Q2 24
$21.6M
$13.4M
Q1 24
$16.9M
$11.3M
Total Debt
GHM
GHM
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
GHM
GHM
SAFE
SAFE
Q4 25
$131.3M
$2.4B
Q3 25
$127.6M
$2.4B
Q2 25
$123.4M
$2.4B
Q1 25
$119.6M
$2.4B
Q4 24
$114.4M
$2.3B
Q3 24
$112.5M
$2.3B
Q2 24
$108.2M
$2.3B
Q1 24
$105.6M
$2.3B
Total Assets
GHM
GHM
SAFE
SAFE
Q4 25
$292.9M
$7.2B
Q3 25
$287.0M
$7.1B
Q2 25
$252.3M
$7.1B
Q1 25
$264.1M
$6.9B
Q4 24
$264.3M
$6.9B
Q3 24
$249.5M
$6.8B
Q2 24
$244.2M
$6.8B
Q1 24
$233.9M
$6.7B
Debt / Equity
GHM
GHM
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
GHM
GHM
SAFE
SAFE
Operating Cash FlowLast quarter
$4.8M
$47.8M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.67×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$-6.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHM
GHM
SAFE
SAFE
Q4 25
$4.8M
$47.8M
Q3 25
$13.6M
$-1.4M
Q2 25
$-2.3M
$28.0M
Q1 25
$-3.6M
$8.9M
Q4 24
$5.2M
$37.9M
Q3 24
$13.9M
$8.3M
Q2 24
$8.7M
$24.8M
Q1 24
$8.6M
$-3.1M
Free Cash Flow
GHM
GHM
SAFE
SAFE
Q4 25
$2.4M
Q3 25
$9.4M
Q2 25
$-9.3M
Q1 25
$-8.7M
Q4 24
$-2.1M
Q3 24
$10.4M
Q2 24
$5.7M
Q1 24
$4.6M
FCF Margin
GHM
GHM
SAFE
SAFE
Q4 25
4.3%
Q3 25
14.3%
Q2 25
-16.7%
Q1 25
-14.7%
Q4 24
-4.5%
Q3 24
19.5%
Q2 24
11.5%
Q1 24
9.4%
Capex Intensity
GHM
GHM
SAFE
SAFE
Q4 25
4.1%
Q3 25
6.3%
Q2 25
12.6%
Q1 25
8.7%
Q4 24
15.6%
Q3 24
6.5%
Q2 24
6.0%
Q1 24
8.2%
Cash Conversion
GHM
GHM
SAFE
SAFE
Q4 25
1.67×
1.72×
Q3 25
4.40×
-0.05×
Q2 25
-0.49×
1.00×
Q1 25
-0.81×
0.30×
Q4 24
3.29×
1.45×
Q3 24
4.25×
0.43×
Q2 24
2.94×
0.83×
Q1 24
6.45×
-0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GHM
GHM

Defense$35.3M62%
Energy And Process$18.3M32%
Space$3.1M6%

SAFE
SAFE

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

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