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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and Safehold Inc. (SAFE). Click either name above to swap in a different company.

INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $97.9M, roughly 1.2× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 17.3%, a 11.2% gap on every dollar of revenue.

INR vs SAFE — Head-to-Head

Bigger by revenue
INR
INR
1.2× larger
INR
$115.5M
$97.9M
SAFE
Higher net margin
SAFE
SAFE
11.2% more per $
SAFE
28.5%
17.3%
INR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
SAFE
SAFE
Revenue
$115.5M
$97.9M
Net Profit
$20.0M
$27.9M
Gross Margin
98.6%
Operating Margin
47.0%
27.4%
Net Margin
17.3%
28.5%
Revenue YoY
6.5%
Net Profit YoY
7.1%
EPS (diluted)
$1.33
$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
INR
INR
SAFE
SAFE
Q4 25
$115.5M
$97.9M
Q3 25
$78.3M
$96.2M
Q2 25
$72.5M
$93.8M
Q1 25
$84.2M
$97.7M
Q4 24
$91.9M
Q3 24
$90.7M
Q2 24
$89.9M
Q1 24
$93.2M
Net Profit
INR
INR
SAFE
SAFE
Q4 25
$20.0M
$27.9M
Q3 25
$10.4M
$29.3M
Q2 25
$18.0M
$27.9M
Q1 25
$-34.6M
$29.4M
Q4 24
$26.0M
Q3 24
$19.3M
Q2 24
$29.7M
Q1 24
$30.7M
Gross Margin
INR
INR
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
INR
INR
SAFE
SAFE
Q4 25
47.0%
27.4%
Q3 25
30.5%
25.9%
Q2 25
29.9%
25.5%
Q1 25
-104.5%
25.9%
Q4 24
24.6%
Q3 24
17.5%
Q2 24
26.7%
Q1 24
26.4%
Net Margin
INR
INR
SAFE
SAFE
Q4 25
17.3%
28.5%
Q3 25
13.3%
30.5%
Q2 25
24.8%
29.8%
Q1 25
-41.1%
30.1%
Q4 24
28.3%
Q3 24
21.3%
Q2 24
33.0%
Q1 24
33.0%
EPS (diluted)
INR
INR
SAFE
SAFE
Q4 25
$1.33
$0.38
Q3 25
$0.65
$0.41
Q2 25
$1.18
$0.39
Q1 25
$-2.27
$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
INR
INR
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$2.8M
$21.7M
Total DebtLower is stronger
$55.0K
$4.6B
Stockholders' EquityBook value
$307.1M
$2.4B
Total Assets
$1.2B
$7.2B
Debt / EquityLower = less leverage
0.00×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
SAFE
SAFE
Q4 25
$2.8M
$21.7M
Q3 25
$4.6M
$12.1M
Q2 25
$6.3M
$13.9M
Q1 25
$4.9M
$17.3M
Q4 24
$8.3M
Q3 24
$15.6M
Q2 24
$13.4M
Q1 24
$11.3M
Total Debt
INR
INR
SAFE
SAFE
Q4 25
$55.0K
$4.6B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$123.0K
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.2B
Q1 24
$4.1B
Stockholders' Equity
INR
INR
SAFE
SAFE
Q4 25
$307.1M
$2.4B
Q3 25
$288.6M
$2.4B
Q2 25
$10.1M
$2.4B
Q1 25
$-52.2M
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Total Assets
INR
INR
SAFE
SAFE
Q4 25
$1.2B
$7.2B
Q3 25
$1.1B
$7.1B
Q2 25
$1.0B
$7.1B
Q1 25
$953.9M
$6.9B
Q4 24
$6.9B
Q3 24
$6.8B
Q2 24
$6.8B
Q1 24
$6.7B
Debt / Equity
INR
INR
SAFE
SAFE
Q4 25
0.00×
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
INR
INR
SAFE
SAFE
Operating Cash FlowLast quarter
$75.1M
$47.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.75×
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
SAFE
SAFE
Q4 25
$75.1M
$47.8M
Q3 25
$42.1M
$-1.4M
Q2 25
$70.4M
$28.0M
Q1 25
$74.2M
$8.9M
Q4 24
$37.9M
Q3 24
$8.3M
Q2 24
$24.8M
Q1 24
$-3.1M
Cash Conversion
INR
INR
SAFE
SAFE
Q4 25
3.75×
1.72×
Q3 25
4.04×
-0.05×
Q2 25
3.91×
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

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

SAFE
SAFE

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

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