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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and SAFETY INSURANCE GROUP INC (SAFT). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $319.3M, roughly 1.0× SAFETY INSURANCE GROUP INC). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 6.3%, a 15.1% gap on every dollar of revenue. On growth, SAFETY INSURANCE GROUP INC posted the faster year-over-year revenue change (11.4% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs SAFT — Head-to-Head

Bigger by revenue
NMM
NMM
1.0× larger
NMM
$327.6M
$319.3M
SAFT
Growing faster (revenue YoY)
SAFT
SAFT
+15.6% gap
SAFT
11.4%
-4.3%
NMM
Higher net margin
NMM
NMM
15.1% more per $
NMM
21.4%
6.3%
SAFT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
SAFT
SAFT
Revenue
$327.6M
$319.3M
Net Profit
$69.9M
$20.1M
Gross Margin
90.5%
Operating Margin
8.0%
Net Margin
21.4%
6.3%
Revenue YoY
-4.3%
11.4%
Net Profit YoY
-31.1%
147.3%
EPS (diluted)
$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
NMM
NMM
SAFT
SAFT
Q4 25
$319.3M
Q3 25
$326.6M
Q2 25
$327.6M
$316.3M
Q1 25
$301.4M
Q4 24
$286.7M
Q3 24
$295.3M
Q2 24
$342.2M
$269.8M
Q1 24
$268.2M
Net Profit
NMM
NMM
SAFT
SAFT
Q4 25
$20.1M
Q3 25
$28.3M
Q2 25
$69.9M
$28.9M
Q1 25
$21.9M
Q4 24
$8.1M
Q3 24
$25.9M
Q2 24
$101.5M
$16.6M
Q1 24
$20.1M
Gross Margin
NMM
NMM
SAFT
SAFT
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
SAFT
SAFT
Q4 25
8.0%
Q3 25
11.1%
Q2 25
11.6%
Q1 25
9.4%
Q4 24
3.5%
Q3 24
11.1%
Q2 24
7.9%
Q1 24
9.5%
Net Margin
NMM
NMM
SAFT
SAFT
Q4 25
6.3%
Q3 25
8.7%
Q2 25
21.4%
9.1%
Q1 25
7.3%
Q4 24
2.8%
Q3 24
8.8%
Q2 24
29.7%
6.2%
Q1 24
7.5%
EPS (diluted)
NMM
NMM
SAFT
SAFT
Q4 25
$1.36
Q3 25
$1.91
Q2 25
$1.95
Q1 25
$1.48
Q4 24
$0.56
Q3 24
$1.73
Q2 24
$1.13
Q1 24
$1.36

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
SAFT
SAFT
Cash + ST InvestmentsLiquidity on hand
$377.0M
$73.9M
Total DebtLower is stronger
$2.0B
$50.0M
Stockholders' EquityBook value
$892.3M
Total Assets
$5.9B
$2.5B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
SAFT
SAFT
Q4 25
$73.9M
Q3 25
$56.2M
Q2 25
$377.0M
$49.4M
Q1 25
$64.7M
Q4 24
$59.0M
Q3 24
$82.3M
Q2 24
$272.0M
$44.6M
Q1 24
$30.8M
Total Debt
NMM
NMM
SAFT
SAFT
Q4 25
$50.0M
Q3 25
$30.0M
Q2 25
$2.0B
$30.0M
Q1 25
$30.0M
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
SAFT
SAFT
Q4 25
$892.3M
Q3 25
$899.6M
Q2 25
$873.3M
Q1 25
$850.7M
Q4 24
$828.5M
Q3 24
$851.4M
Q2 24
$810.2M
Q1 24
$807.1M
Total Assets
NMM
NMM
SAFT
SAFT
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$5.9B
$2.4B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$5.3B
$2.2B
Q1 24
$2.1B
Debt / Equity
NMM
NMM
SAFT
SAFT
Q4 25
0.06×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
NMM
NMM
SAFT
SAFT
Operating Cash FlowLast quarter
$194.5M
Free Cash FlowOCF − Capex
$192.0M
FCF MarginFCF / Revenue
60.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
9.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
SAFT
SAFT
Q4 25
$194.5M
Q3 25
$85.5M
Q2 25
$32.3M
Q1 25
$3.2M
Q4 24
$128.7M
Q3 24
$73.8M
Q2 24
$25.6M
Q1 24
$-21.1M
Free Cash Flow
NMM
NMM
SAFT
SAFT
Q4 25
$192.0M
Q3 25
Q2 25
$32.3M
Q1 25
$2.8M
Q4 24
$124.3M
Q3 24
$73.2M
Q2 24
$25.0M
Q1 24
$-24.2M
FCF Margin
NMM
NMM
SAFT
SAFT
Q4 25
60.1%
Q3 25
Q2 25
10.2%
Q1 25
0.9%
Q4 24
43.4%
Q3 24
24.8%
Q2 24
9.3%
Q1 24
-9.0%
Capex Intensity
NMM
NMM
SAFT
SAFT
Q4 25
0.8%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
1.5%
Q3 24
0.2%
Q2 24
0.2%
Q1 24
1.1%
Cash Conversion
NMM
NMM
SAFT
SAFT
Q4 25
9.67×
Q3 25
3.02×
Q2 25
1.12×
Q1 25
0.14×
Q4 24
15.83×
Q3 24
2.85×
Q2 24
1.54×
Q1 24
-1.05×

Financial Flow Comparison

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

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