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

OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $97.9M, roughly 1.5× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -21.1%, a 49.5% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -19.2%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -7.5%).

OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".

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

OPK vs SAFE — Head-to-Head

Bigger by revenue
OPK
OPK
1.5× larger
OPK
$148.5M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+25.7% gap
SAFE
6.5%
-19.2%
OPK
Higher net margin
SAFE
SAFE
49.5% more per $
SAFE
28.5%
-21.1%
OPK
Faster 2-yr revenue CAGR
SAFE
SAFE
Annualised
SAFE
2.5%
-7.5%
OPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPK
OPK
SAFE
SAFE
Revenue
$148.5M
$97.9M
Net Profit
$-31.3M
$27.9M
Gross Margin
43.1%
98.6%
Operating Margin
-25.8%
27.4%
Net Margin
-21.1%
28.5%
Revenue YoY
-19.2%
6.5%
Net Profit YoY
-322.8%
7.1%
EPS (diluted)
$-0.04
$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
OPK
OPK
SAFE
SAFE
Q4 25
$148.5M
$97.9M
Q3 25
$151.7M
$96.2M
Q2 25
$156.8M
$93.8M
Q1 25
$150.0M
$97.7M
Q4 24
$183.6M
$91.9M
Q3 24
$173.6M
$90.7M
Q2 24
$182.2M
$89.9M
Q1 24
$173.7M
$93.2M
Net Profit
OPK
OPK
SAFE
SAFE
Q4 25
$-31.3M
$27.9M
Q3 25
$21.6M
$29.3M
Q2 25
$-148.4M
$27.9M
Q1 25
$-67.6M
$29.4M
Q4 24
$14.0M
$26.0M
Q3 24
$24.9M
$19.3M
Q2 24
$-10.3M
$29.7M
Q1 24
$-81.8M
$30.7M
Gross Margin
OPK
OPK
SAFE
SAFE
Q4 25
43.1%
98.6%
Q3 25
32.9%
98.5%
Q2 25
31.5%
99.1%
Q1 25
28.4%
98.8%
Q4 24
46.1%
98.8%
Q3 24
23.1%
98.8%
Q2 24
28.4%
98.8%
Q1 24
24.2%
98.8%
Operating Margin
OPK
OPK
SAFE
SAFE
Q4 25
-25.8%
27.4%
Q3 25
31.7%
25.9%
Q2 25
-38.3%
25.5%
Q1 25
-44.8%
25.9%
Q4 24
-18.0%
24.6%
Q3 24
8.2%
17.5%
Q2 24
-33.9%
26.7%
Q1 24
-41.2%
26.4%
Net Margin
OPK
OPK
SAFE
SAFE
Q4 25
-21.1%
28.5%
Q3 25
14.3%
30.5%
Q2 25
-94.7%
29.8%
Q1 25
-45.1%
30.1%
Q4 24
7.6%
28.3%
Q3 24
14.3%
21.3%
Q2 24
-5.7%
33.0%
Q1 24
-47.1%
33.0%
EPS (diluted)
OPK
OPK
SAFE
SAFE
Q4 25
$-0.04
$0.38
Q3 25
$0.03
$0.41
Q2 25
$-0.19
$0.39
Q1 25
$-0.10
$0.41
Q4 24
$0.02
$0.36
Q3 24
$0.03
$0.27
Q2 24
$-0.01
$0.42
Q1 24
$-0.12
$0.43

Balance Sheet & Financial Strength

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

Metric
OPK
OPK
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$364.4M
$21.7M
Total DebtLower is stronger
$344.0M
$4.6B
Stockholders' EquityBook value
$1.3B
$2.4B
Total Assets
$1.9B
$7.2B
Debt / EquityLower = less leverage
0.27×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPK
OPK
SAFE
SAFE
Q4 25
$364.4M
$21.7M
Q3 25
$412.0M
$12.1M
Q2 25
$267.3M
$13.9M
Q1 25
$428.8M
$17.3M
Q4 24
$426.6M
$8.3M
Q3 24
$400.1M
$15.6M
Q2 24
$40.6M
$13.4M
Q1 24
$75.6M
$11.3M
Total Debt
OPK
OPK
SAFE
SAFE
Q4 25
$344.0M
$4.6B
Q3 25
$344.2M
$4.5B
Q2 25
$343.3M
$4.4B
Q1 25
$439.2M
$4.3B
Q4 24
$437.2M
$4.3B
Q3 24
$441.0M
$4.3B
Q2 24
$201.9M
$4.2B
Q1 24
$350.1M
$4.1B
Stockholders' Equity
OPK
OPK
SAFE
SAFE
Q4 25
$1.3B
$2.4B
Q3 25
$1.3B
$2.4B
Q2 25
$1.3B
$2.4B
Q1 25
$1.3B
$2.4B
Q4 24
$1.4B
$2.3B
Q3 24
$1.4B
$2.3B
Q2 24
$1.4B
$2.3B
Q1 24
$1.3B
$2.3B
Total Assets
OPK
OPK
SAFE
SAFE
Q4 25
$1.9B
$7.2B
Q3 25
$2.0B
$7.1B
Q2 25
$2.0B
$7.1B
Q1 25
$2.1B
$6.9B
Q4 24
$2.2B
$6.9B
Q3 24
$2.3B
$6.8B
Q2 24
$2.0B
$6.8B
Q1 24
$2.0B
$6.7B
Debt / Equity
OPK
OPK
SAFE
SAFE
Q4 25
0.27×
1.90×
Q3 25
0.26×
1.89×
Q2 25
0.26×
1.87×
Q1 25
0.33×
1.85×
Q4 24
0.32×
1.84×
Q3 24
0.31×
1.88×
Q2 24
0.14×
1.81×
Q1 24
0.28×
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
OPK
OPK
SAFE
SAFE
Operating Cash FlowLast quarter
$-25.9M
$47.8M
Free Cash FlowOCF − Capex
$-28.6M
FCF MarginFCF / Revenue
-19.3%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$-190.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPK
OPK
SAFE
SAFE
Q4 25
$-25.9M
$47.8M
Q3 25
$-34.6M
$-1.4M
Q2 25
$-83.4M
$28.0M
Q1 25
$-34.6M
$8.9M
Q4 24
$-44.4M
$37.9M
Q3 24
$-77.1M
$8.3M
Q2 24
$-26.4M
$24.8M
Q1 24
$-35.6M
$-3.1M
Free Cash Flow
OPK
OPK
SAFE
SAFE
Q4 25
$-28.6M
Q3 25
$-37.8M
Q2 25
$-86.7M
Q1 25
$-37.7M
Q4 24
$-49.8M
Q3 24
$-85.0M
Q2 24
$-33.7M
Q1 24
$-40.0M
FCF Margin
OPK
OPK
SAFE
SAFE
Q4 25
-19.3%
Q3 25
-24.9%
Q2 25
-55.3%
Q1 25
-25.2%
Q4 24
-27.1%
Q3 24
-49.0%
Q2 24
-18.5%
Q1 24
-23.0%
Capex Intensity
OPK
OPK
SAFE
SAFE
Q4 25
1.8%
Q3 25
2.1%
Q2 25
2.1%
Q1 25
2.1%
Q4 24
2.9%
Q3 24
4.6%
Q2 24
4.0%
Q1 24
2.6%
Cash Conversion
OPK
OPK
SAFE
SAFE
Q4 25
1.72×
Q3 25
-1.60×
-0.05×
Q2 25
1.00×
Q1 25
0.30×
Q4 24
-3.17×
1.45×
Q3 24
-3.10×
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

OPK
OPK

Services$71.1M48%
Transfer Of Intellectual Property And Other$33.7M23%
IE$22.1M15%
Rayaldee$8.8M6%
Barda Agreement$6.8M5%
MX$6.3M4%

SAFE
SAFE

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

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