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Side-by-side financial comparison of Liberty Broadband Corp (LBRDA) and SAFETY INSURANCE GROUP INC (SAFT). Click either name above to swap in a different company.

SAFETY INSURANCE GROUP INC is the larger business by last-quarter revenue ($319.3M vs $261.0M, roughly 1.2× Liberty Broadband Corp). Liberty Broadband Corp runs the higher net margin — 146.7% vs 6.3%, a 140.4% gap on every dollar of revenue. On growth, SAFETY INSURANCE GROUP INC posted the faster year-over-year revenue change (11.4% vs 6.1%). SAFETY INSURANCE GROUP INC produced more free cash flow last quarter ($192.0M vs $37.0M). Over the past eight quarters, SAFETY INSURANCE GROUP INC's revenue compounded faster (9.1% CAGR vs 4.3%).

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 24,000 employees, and is ranked No. 72 in the 2025 Fortune 500 list.

LBRDA vs SAFT — Head-to-Head

Bigger by revenue
SAFT
SAFT
1.2× larger
SAFT
$319.3M
$261.0M
LBRDA
Growing faster (revenue YoY)
SAFT
SAFT
+5.3% gap
SAFT
11.4%
6.1%
LBRDA
Higher net margin
LBRDA
LBRDA
140.4% more per $
LBRDA
146.7%
6.3%
SAFT
More free cash flow
SAFT
SAFT
$155.0M more FCF
SAFT
$192.0M
$37.0M
LBRDA
Faster 2-yr revenue CAGR
SAFT
SAFT
Annualised
SAFT
9.1%
4.3%
LBRDA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
LBRDA
LBRDA
SAFT
SAFT
Revenue
$261.0M
$319.3M
Net Profit
$383.0M
$20.1M
Gross Margin
Operating Margin
15.7%
8.0%
Net Margin
146.7%
6.3%
Revenue YoY
6.1%
11.4%
Net Profit YoY
96.4%
147.3%
EPS (diluted)
$2.68
$1.36

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
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$319.3M
Q3 25
$326.6M
Q2 25
$261.0M
$316.3M
Q1 25
$266.0M
$301.4M
Q4 24
$263.0M
$286.7M
Q3 24
$262.0M
$295.3M
Q2 24
$246.0M
$269.8M
Q1 24
$245.0M
$268.2M
Net Profit
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$20.1M
Q3 25
$28.3M
Q2 25
$383.0M
$28.9M
Q1 25
$268.0M
$21.9M
Q4 24
$291.0M
$8.1M
Q3 24
$142.0M
$25.9M
Q2 24
$195.0M
$16.6M
Q1 24
$241.0M
$20.1M
Operating Margin
LBRDA
LBRDA
SAFT
SAFT
Q4 25
8.0%
Q3 25
11.1%
Q2 25
15.7%
11.6%
Q1 25
16.2%
9.4%
Q4 24
4.9%
3.5%
Q3 24
11.5%
11.1%
Q2 24
8.5%
7.9%
Q1 24
11.4%
9.5%
Net Margin
LBRDA
LBRDA
SAFT
SAFT
Q4 25
6.3%
Q3 25
8.7%
Q2 25
146.7%
9.1%
Q1 25
100.8%
7.3%
Q4 24
110.6%
2.8%
Q3 24
54.2%
8.8%
Q2 24
79.3%
6.2%
Q1 24
98.4%
7.5%
EPS (diluted)
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$1.36
Q3 25
$1.91
Q2 25
$2.68
$1.95
Q1 25
$1.87
$1.48
Q4 24
$2.04
$0.56
Q3 24
$0.99
$1.73
Q2 24
$1.36
$1.13
Q1 24
$1.69
$1.36

Balance Sheet & Financial Strength

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

Metric
LBRDA
LBRDA
SAFT
SAFT
Cash + ST InvestmentsLiquidity on hand
$180.0M
$73.9M
Total DebtLower is stronger
$3.1B
$50.0M
Stockholders' EquityBook value
$10.4B
$892.3M
Total Assets
$16.6B
$2.5B
Debt / EquityLower = less leverage
0.30×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$73.9M
Q3 25
$56.2M
Q2 25
$180.0M
$49.4M
Q1 25
$226.0M
$64.7M
Q4 24
$163.0M
$59.0M
Q3 24
$168.0M
$82.3M
Q2 24
$73.0M
$44.6M
Q1 24
$108.0M
$30.8M
Total Debt
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$50.0M
Q3 25
$30.0M
Q2 25
$3.1B
$30.0M
Q1 25
$3.8B
$30.0M
Q4 24
$3.8B
Q3 24
$3.7B
Q2 24
$3.6B
Q1 24
$3.6B
Stockholders' Equity
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$892.3M
Q3 25
$899.6M
Q2 25
$10.4B
$873.3M
Q1 25
$10.1B
$850.7M
Q4 24
$9.8B
$828.5M
Q3 24
$9.5B
$851.4M
Q2 24
$9.3B
$810.2M
Q1 24
$9.1B
$807.1M
Total Assets
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$16.6B
$2.4B
Q1 25
$17.0B
$2.3B
Q4 24
$16.7B
$2.3B
Q3 24
$16.3B
$2.3B
Q2 24
$16.0B
$2.2B
Q1 24
$15.7B
$2.1B
Debt / Equity
LBRDA
LBRDA
SAFT
SAFT
Q4 25
0.06×
Q3 25
0.03×
Q2 25
0.30×
0.03×
Q1 25
0.38×
0.04×
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.39×
Q1 24
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LBRDA
LBRDA
SAFT
SAFT
Operating Cash FlowLast quarter
$91.0M
$194.5M
Free Cash FlowOCF − Capex
$37.0M
$192.0M
FCF MarginFCF / Revenue
14.2%
60.1%
Capex IntensityCapex / Revenue
20.7%
0.8%
Cash ConversionOCF / Net Profit
0.24×
9.67×
TTM Free Cash FlowTrailing 4 quarters
$-49.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$194.5M
Q3 25
$85.5M
Q2 25
$91.0M
$32.3M
Q1 25
$78.0M
$3.2M
Q4 24
$1.0M
$128.7M
Q3 24
$24.0M
$73.8M
Q2 24
$27.0M
$25.6M
Q1 24
$52.0M
$-21.1M
Free Cash Flow
LBRDA
LBRDA
SAFT
SAFT
Q4 25
$192.0M
Q3 25
Q2 25
$37.0M
$32.3M
Q1 25
$13.0M
$2.8M
Q4 24
$-63.0M
$124.3M
Q3 24
$-36.0M
$73.2M
Q2 24
$-35.0M
$25.0M
Q1 24
$-9.0M
$-24.2M
FCF Margin
LBRDA
LBRDA
SAFT
SAFT
Q4 25
60.1%
Q3 25
Q2 25
14.2%
10.2%
Q1 25
4.9%
0.9%
Q4 24
-24.0%
43.4%
Q3 24
-13.7%
24.8%
Q2 24
-14.2%
9.3%
Q1 24
-3.7%
-9.0%
Capex Intensity
LBRDA
LBRDA
SAFT
SAFT
Q4 25
0.8%
Q3 25
0.0%
Q2 25
20.7%
0.0%
Q1 25
24.4%
0.1%
Q4 24
24.3%
1.5%
Q3 24
22.9%
0.2%
Q2 24
25.2%
0.2%
Q1 24
24.9%
1.1%
Cash Conversion
LBRDA
LBRDA
SAFT
SAFT
Q4 25
9.67×
Q3 25
3.02×
Q2 25
0.24×
1.12×
Q1 25
0.29×
0.14×
Q4 24
0.00×
15.83×
Q3 24
0.17×
2.85×
Q2 24
0.14×
1.54×
Q1 24
0.22×
-1.05×

Financial Flow Comparison

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

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