vs
Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) 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 $66.8M, roughly 1.5× NACCO INDUSTRIES INC). Safehold Inc. runs the higher net margin — 28.5% vs -5.8%, a 34.2% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -5.2%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (11.9% CAGR vs 2.5%).
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
NC vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.8M | $97.9M |
| Net Profit | $-3.8M | $27.9M |
| Gross Margin | 18.0% | 98.6% |
| Operating Margin | 11.3% | 27.4% |
| Net Margin | -5.8% | 28.5% |
| Revenue YoY | -5.2% | 6.5% |
| Net Profit YoY | -150.8% | 7.1% |
| EPS (diluted) | $-0.53 | $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 | $66.8M | $97.9M | ||
| Q3 25 | $76.6M | $96.2M | ||
| Q2 25 | $68.2M | $93.8M | ||
| Q1 25 | $65.6M | $97.7M | ||
| Q4 24 | $70.4M | $91.9M | ||
| Q3 24 | $61.7M | $90.7M | ||
| Q2 24 | $52.3M | $89.9M | ||
| Q1 24 | $53.3M | $93.2M |
| Q4 25 | $-3.8M | $27.9M | ||
| Q3 25 | $13.3M | $29.3M | ||
| Q2 25 | $3.3M | $27.9M | ||
| Q1 25 | $4.9M | $29.4M | ||
| Q4 24 | $7.6M | $26.0M | ||
| Q3 24 | $15.6M | $19.3M | ||
| Q2 24 | $6.0M | $29.7M | ||
| Q1 24 | $4.6M | $30.7M |
| Q4 25 | 18.0% | 98.6% | ||
| Q3 25 | 13.0% | 98.5% | ||
| Q2 25 | 10.0% | 99.1% | ||
| Q1 25 | 14.7% | 98.8% | ||
| Q4 24 | 12.0% | 98.8% | ||
| Q3 24 | 11.7% | 98.8% | ||
| Q2 24 | 13.4% | 98.8% | ||
| Q1 24 | 13.2% | 98.8% |
| Q4 25 | 11.3% | 27.4% | ||
| Q3 25 | 8.8% | 25.9% | ||
| Q2 25 | -0.1% | 25.5% | ||
| Q1 25 | 11.7% | 25.9% | ||
| Q4 24 | 5.5% | 24.6% | ||
| Q3 24 | 31.9% | 17.5% | ||
| Q2 24 | 14.1% | 26.7% | ||
| Q1 24 | 8.9% | 26.4% |
| Q4 25 | -5.8% | 28.5% | ||
| Q3 25 | 17.3% | 30.5% | ||
| Q2 25 | 4.8% | 29.8% | ||
| Q1 25 | 7.5% | 30.1% | ||
| Q4 24 | 10.7% | 28.3% | ||
| Q3 24 | 25.4% | 21.3% | ||
| Q2 24 | 11.4% | 33.0% | ||
| Q1 24 | 8.6% | 33.0% |
| Q4 25 | $-0.53 | $0.38 | ||
| Q3 25 | $1.78 | $0.41 | ||
| Q2 25 | $0.44 | $0.39 | ||
| Q1 25 | $0.66 | $0.41 | ||
| Q4 24 | $0.99 | $0.36 | ||
| Q3 24 | $2.14 | $0.27 | ||
| Q2 24 | $0.81 | $0.42 | ||
| Q1 24 | $0.61 | $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 | $49.7M | $21.7M |
| Total DebtLower is stronger | $100.8M | $4.6B |
| Stockholders' EquityBook value | $429.2M | $2.4B |
| Total Assets | $661.2M | $7.2B |
| Debt / EquityLower = less leverage | 0.23× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $21.7M | ||
| Q3 25 | $52.7M | $12.1M | ||
| Q2 25 | $49.4M | $13.9M | ||
| Q1 25 | $61.9M | $17.3M | ||
| Q4 24 | $72.8M | $8.3M | ||
| Q3 24 | $63.1M | $15.6M | ||
| Q2 24 | $62.4M | $13.4M | ||
| Q1 24 | $61.8M | $11.3M |
| Q4 25 | $100.8M | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $99.4M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | $29.0M | $4.2B | ||
| Q1 24 | $28.4M | $4.1B |
| Q4 25 | $429.2M | $2.4B | ||
| Q3 25 | $426.4M | $2.4B | ||
| Q2 25 | $413.1M | $2.4B | ||
| Q1 25 | $409.1M | $2.4B | ||
| Q4 24 | $404.9M | $2.3B | ||
| Q3 24 | $397.3M | $2.3B | ||
| Q2 24 | $384.1M | $2.3B | ||
| Q1 24 | $381.6M | $2.3B |
| Q4 25 | $661.2M | $7.2B | ||
| Q3 25 | $637.6M | $7.1B | ||
| Q2 25 | $631.3M | $7.1B | ||
| Q1 25 | $634.2M | $6.9B | ||
| Q4 24 | $631.7M | $6.9B | ||
| Q3 24 | $597.4M | $6.8B | ||
| Q2 24 | $560.1M | $6.8B | ||
| Q1 24 | $538.0M | $6.7B |
| Q4 25 | 0.23× | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | 0.25× | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | 0.08× | 1.81× | ||
| Q1 24 | 0.07× | 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 | $11.4M | $47.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $47.8M | ||
| Q3 25 | $42.3M | $-1.4M | ||
| Q2 25 | $-7.8M | $28.0M | ||
| Q1 25 | $5.0M | $8.9M | ||
| Q4 24 | $25.2M | $37.9M | ||
| Q3 24 | $2.8M | $8.3M | ||
| Q2 24 | $4.1M | $24.8M | ||
| Q1 24 | $-9.8M | $-3.1M |
| Q4 25 | — | 1.72× | ||
| Q3 25 | 3.19× | -0.05× | ||
| Q2 25 | -2.39× | 1.00× | ||
| Q1 25 | 1.03× | 0.30× | ||
| Q4 24 | 3.33× | 1.45× | ||
| Q3 24 | 0.18× | 0.43× | ||
| Q2 24 | 0.68× | 0.83× | ||
| Q1 24 | -2.14× | -0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
