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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) and Safehold Inc. (SAFE). Click either name above to swap in a different company.

OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $97.9M, roughly 1.1× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -12.5%, a 40.9% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 4.3%). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% CAGR vs 2.5%).

Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.

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

OLPX vs SAFE — Head-to-Head

Bigger by revenue
OLPX
OLPX
1.1× larger
OLPX
$105.1M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+2.2% gap
SAFE
6.5%
4.3%
OLPX
Higher net margin
SAFE
SAFE
40.9% more per $
SAFE
28.5%
-12.5%
OLPX
Faster 2-yr revenue CAGR
OLPX
OLPX
Annualised
OLPX
3.1%
2.5%
SAFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OLPX
OLPX
SAFE
SAFE
Revenue
$105.1M
$97.9M
Net Profit
$-13.1M
$27.9M
Gross Margin
68.0%
98.6%
Operating Margin
-4.3%
27.4%
Net Margin
-12.5%
28.5%
Revenue YoY
4.3%
6.5%
Net Profit YoY
-48.9%
7.1%
EPS (diluted)
$-0.02
$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
OLPX
OLPX
SAFE
SAFE
Q4 25
$105.1M
$97.9M
Q3 25
$114.6M
$96.2M
Q2 25
$106.3M
$93.8M
Q1 25
$97.0M
$97.7M
Q4 24
$100.7M
$91.9M
Q3 24
$119.1M
$90.7M
Q2 24
$103.9M
$89.9M
Q1 24
$98.9M
$93.2M
Net Profit
OLPX
OLPX
SAFE
SAFE
Q4 25
$-13.1M
$27.9M
Q3 25
$11.1M
$29.3M
Q2 25
$-7.7M
$27.9M
Q1 25
$465.0K
$29.4M
Q4 24
$-8.8M
$26.0M
Q3 24
$14.8M
$19.3M
Q2 24
$5.8M
$29.7M
Q1 24
$7.7M
$30.7M
Gross Margin
OLPX
OLPX
SAFE
SAFE
Q4 25
68.0%
98.6%
Q3 25
69.1%
98.5%
Q2 25
71.2%
99.1%
Q1 25
69.5%
98.8%
Q4 24
66.3%
98.8%
Q3 24
68.6%
98.8%
Q2 24
69.7%
98.8%
Q1 24
72.1%
98.8%
Operating Margin
OLPX
OLPX
SAFE
SAFE
Q4 25
-4.3%
27.4%
Q3 25
3.7%
25.9%
Q2 25
-1.1%
25.5%
Q1 25
8.7%
25.9%
Q4 24
3.0%
24.6%
Q3 24
23.5%
17.5%
Q2 24
15.7%
26.7%
Q1 24
19.8%
26.4%
Net Margin
OLPX
OLPX
SAFE
SAFE
Q4 25
-12.5%
28.5%
Q3 25
9.7%
30.5%
Q2 25
-7.3%
29.8%
Q1 25
0.5%
30.1%
Q4 24
-8.7%
28.3%
Q3 24
12.4%
21.3%
Q2 24
5.6%
33.0%
Q1 24
7.8%
33.0%
EPS (diluted)
OLPX
OLPX
SAFE
SAFE
Q4 25
$-0.02
$0.38
Q3 25
$0.02
$0.41
Q2 25
$-0.01
$0.39
Q1 25
$0.00
$0.41
Q4 24
$-0.01
$0.36
Q3 24
$0.02
$0.27
Q2 24
$0.01
$0.42
Q1 24
$0.01
$0.43

Balance Sheet & Financial Strength

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

Metric
OLPX
OLPX
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$318.7M
$21.7M
Total DebtLower is stronger
$352.3M
$4.6B
Stockholders' EquityBook value
$879.4M
$2.4B
Total Assets
$1.5B
$7.2B
Debt / EquityLower = less leverage
0.40×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OLPX
OLPX
SAFE
SAFE
Q4 25
$318.7M
$21.7M
Q3 25
$286.4M
$12.1M
Q2 25
$289.3M
$13.9M
Q1 25
$580.9M
$17.3M
Q4 24
$586.0M
$8.3M
Q3 24
$538.8M
$15.6M
Q2 24
$507.9M
$13.4M
Q1 24
$507.5M
$11.3M
Total Debt
OLPX
OLPX
SAFE
SAFE
Q4 25
$352.3M
$4.6B
Q3 25
$352.1M
$4.5B
Q2 25
$351.9M
$4.4B
Q1 25
$649.1M
$4.3B
Q4 24
$650.5M
$4.3B
Q3 24
$651.8M
$4.3B
Q2 24
$653.1M
$4.2B
Q1 24
$654.4M
$4.1B
Stockholders' Equity
OLPX
OLPX
SAFE
SAFE
Q4 25
$879.4M
$2.4B
Q3 25
$888.7M
$2.4B
Q2 25
$874.2M
$2.4B
Q1 25
$878.3M
$2.4B
Q4 24
$874.4M
$2.3B
Q3 24
$879.7M
$2.3B
Q2 24
$863.3M
$2.3B
Q1 24
$855.7M
$2.3B
Total Assets
OLPX
OLPX
SAFE
SAFE
Q4 25
$1.5B
$7.2B
Q3 25
$1.5B
$7.1B
Q2 25
$1.5B
$7.1B
Q1 25
$1.8B
$6.9B
Q4 24
$1.8B
$6.9B
Q3 24
$1.8B
$6.8B
Q2 24
$1.8B
$6.8B
Q1 24
$1.8B
$6.7B
Debt / Equity
OLPX
OLPX
SAFE
SAFE
Q4 25
0.40×
1.90×
Q3 25
0.40×
1.89×
Q2 25
0.40×
1.87×
Q1 25
0.74×
1.85×
Q4 24
0.74×
1.84×
Q3 24
0.74×
1.88×
Q2 24
0.76×
1.81×
Q1 24
0.76×
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
OLPX
OLPX
SAFE
SAFE
Operating Cash FlowLast quarter
$32.7M
$47.8M
Free Cash FlowOCF − Capex
$32.6M
FCF MarginFCF / Revenue
31.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$58.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OLPX
OLPX
SAFE
SAFE
Q4 25
$32.7M
$47.8M
Q3 25
$8.0M
$-1.4M
Q2 25
$20.9M
$28.0M
Q1 25
$-2.9M
$8.9M
Q4 24
$49.7M
$37.9M
Q3 24
$33.5M
$8.3M
Q2 24
$16.2M
$24.8M
Q1 24
$43.7M
$-3.1M
Free Cash Flow
OLPX
OLPX
SAFE
SAFE
Q4 25
$32.6M
Q3 25
$7.9M
Q2 25
$20.8M
Q1 25
$-3.0M
Q4 24
$49.2M
Q3 24
$33.3M
Q2 24
$16.1M
Q1 24
$43.3M
FCF Margin
OLPX
OLPX
SAFE
SAFE
Q4 25
31.0%
Q3 25
6.9%
Q2 25
19.6%
Q1 25
-3.1%
Q4 24
48.9%
Q3 24
28.0%
Q2 24
15.5%
Q1 24
43.7%
Capex Intensity
OLPX
OLPX
SAFE
SAFE
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.4%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.5%
Cash Conversion
OLPX
OLPX
SAFE
SAFE
Q4 25
1.72×
Q3 25
0.72×
-0.05×
Q2 25
1.00×
Q1 25
-6.27×
0.30×
Q4 24
1.45×
Q3 24
2.26×
0.43×
Q2 24
2.81×
0.83×
Q1 24
5.64×
-0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OLPX
OLPX

Sales Channel Directly To Consumer$43.6M42%
Sales Channel Through Intermediary Professional$36.8M35%
Sales Channel Through Intermediary Specialty Retail$24.7M23%

SAFE
SAFE

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

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