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Side-by-side financial comparison of Nutex Health, Inc. (NUTX) and Safehold Inc. (SAFE). Click either name above to swap in a different company.

Nutex Health, Inc. is the larger business by last-quarter revenue ($151.7M vs $97.9M, roughly 1.5× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 7.8%, a 20.7% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -41.1%). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% CAGR vs 2.5%).

Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.

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

NUTX vs SAFE — Head-to-Head

Bigger by revenue
NUTX
NUTX
1.5× larger
NUTX
$151.7M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+47.7% gap
SAFE
6.5%
-41.1%
NUTX
Higher net margin
SAFE
SAFE
20.7% more per $
SAFE
28.5%
7.8%
NUTX
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
2.5%
SAFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NUTX
NUTX
SAFE
SAFE
Revenue
$151.7M
$97.9M
Net Profit
$11.8M
$27.9M
Gross Margin
30.4%
98.6%
Operating Margin
20.4%
27.4%
Net Margin
7.8%
28.5%
Revenue YoY
-41.1%
6.5%
Net Profit YoY
-80.8%
7.1%
EPS (diluted)
$2.34
$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
NUTX
NUTX
SAFE
SAFE
Q4 25
$151.7M
$97.9M
Q3 25
$267.8M
$96.2M
Q2 25
$244.0M
$93.8M
Q1 25
$211.8M
$97.7M
Q4 24
$257.6M
$91.9M
Q3 24
$78.8M
$90.7M
Q2 24
$76.1M
$89.9M
Q1 24
$67.5M
$93.2M
Net Profit
NUTX
NUTX
SAFE
SAFE
Q4 25
$11.8M
$27.9M
Q3 25
$55.4M
$29.3M
Q2 25
$-17.7M
$27.9M
Q1 25
$21.2M
$29.4M
Q4 24
$61.6M
$26.0M
Q3 24
$-8.8M
$19.3M
Q2 24
$-364.0K
$29.7M
Q1 24
$-364.0K
$30.7M
Gross Margin
NUTX
NUTX
SAFE
SAFE
Q4 25
30.4%
98.6%
Q3 25
57.8%
98.5%
Q2 25
51.2%
99.1%
Q1 25
55.9%
98.8%
Q4 24
55.0%
98.8%
Q3 24
27.8%
98.8%
Q2 24
29.7%
98.8%
Q1 24
15.1%
98.8%
Operating Margin
NUTX
NUTX
SAFE
SAFE
Q4 25
20.4%
27.4%
Q3 25
48.7%
25.9%
Q2 25
13.8%
25.5%
Q1 25
38.1%
25.9%
Q4 24
44.4%
24.6%
Q3 24
12.3%
17.5%
Q2 24
7.0%
26.7%
Q1 24
2.1%
26.4%
Net Margin
NUTX
NUTX
SAFE
SAFE
Q4 25
7.8%
28.5%
Q3 25
20.7%
30.5%
Q2 25
-7.3%
29.8%
Q1 25
10.0%
30.1%
Q4 24
23.9%
28.3%
Q3 24
-11.2%
21.3%
Q2 24
-0.5%
33.0%
Q1 24
-0.5%
33.0%
EPS (diluted)
NUTX
NUTX
SAFE
SAFE
Q4 25
$2.34
$0.38
Q3 25
$7.76
$0.41
Q2 25
$-2.95
$0.39
Q1 25
$3.33
$0.41
Q4 24
$11.56
$0.36
Q3 24
$-1.72
$0.27
Q2 24
$-0.07
$0.42
Q1 24
$-0.08
$0.43

Balance Sheet & Financial Strength

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

Metric
NUTX
NUTX
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$185.6M
$21.7M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$329.4M
$2.4B
Total Assets
$918.5M
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NUTX
NUTX
SAFE
SAFE
Q4 25
$185.6M
$21.7M
Q3 25
$166.0M
$12.1M
Q2 25
$96.7M
$13.9M
Q1 25
$84.7M
$17.3M
Q4 24
$40.6M
$8.3M
Q3 24
$46.9M
$15.6M
Q2 24
$40.8M
$13.4M
Q1 24
$30.0M
$11.3M
Total Debt
NUTX
NUTX
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
NUTX
NUTX
SAFE
SAFE
Q4 25
$329.4M
$2.4B
Q3 25
$317.2M
$2.4B
Q2 25
$235.3M
$2.4B
Q1 25
$176.9M
$2.4B
Q4 24
$132.4M
$2.3B
Q3 24
$60.4M
$2.3B
Q2 24
$62.7M
$2.3B
Q1 24
$63.0M
$2.3B
Total Assets
NUTX
NUTX
SAFE
SAFE
Q4 25
$918.5M
$7.2B
Q3 25
$964.5M
$7.1B
Q2 25
$841.0M
$7.1B
Q1 25
$761.9M
$6.9B
Q4 24
$655.3M
$6.9B
Q3 24
$438.5M
$6.8B
Q2 24
$422.4M
$6.8B
Q1 24
$404.3M
$6.7B
Debt / Equity
NUTX
NUTX
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
NUTX
NUTX
SAFE
SAFE
Operating Cash FlowLast quarter
$70.4M
$47.8M
Free Cash FlowOCF − Capex
$69.0M
FCF MarginFCF / Revenue
45.5%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
5.95×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$245.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NUTX
NUTX
SAFE
SAFE
Q4 25
$70.4M
$47.8M
Q3 25
$99.5M
$-1.4M
Q2 25
$27.3M
$28.0M
Q1 25
$51.0M
$8.9M
Q4 24
$54.0K
$37.9M
Q3 24
$6.8M
$8.3M
Q2 24
$13.3M
$24.8M
Q1 24
$3.1M
$-3.1M
Free Cash Flow
NUTX
NUTX
SAFE
SAFE
Q4 25
$69.0M
Q3 25
$99.2M
Q2 25
$26.5M
Q1 25
$50.9M
Q4 24
$-341.0K
Q3 24
$6.2M
Q2 24
$12.7M
Q1 24
$2.3M
FCF Margin
NUTX
NUTX
SAFE
SAFE
Q4 25
45.5%
Q3 25
37.0%
Q2 25
10.9%
Q1 25
24.0%
Q4 24
-0.1%
Q3 24
7.8%
Q2 24
16.7%
Q1 24
3.4%
Capex Intensity
NUTX
NUTX
SAFE
SAFE
Q4 25
0.9%
Q3 25
0.1%
Q2 25
0.3%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.8%
Q2 24
0.7%
Q1 24
1.1%
Cash Conversion
NUTX
NUTX
SAFE
SAFE
Q4 25
5.95×
1.72×
Q3 25
1.80×
-0.05×
Q2 25
1.00×
Q1 25
2.40×
0.30×
Q4 24
0.00×
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

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

SAFE
SAFE

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

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