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Side-by-side financial comparison of PAMT CORP (PAMT) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $97.9M, roughly 1.4× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -20.7%, a 49.2% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -15.1%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -12.0%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
PAMT vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $97.9M |
| Net Profit | $-29.3M | $27.9M |
| Gross Margin | — | 98.6% |
| Operating Margin | -27.0% | 27.4% |
| Net Margin | -20.7% | 28.5% |
| Revenue YoY | -15.1% | 6.5% |
| Net Profit YoY | 7.4% | 7.1% |
| EPS (diluted) | $-1.38 | $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 | $141.3M | $97.9M | ||
| Q3 25 | $150.3M | $96.2M | ||
| Q2 25 | $151.1M | $93.8M | ||
| Q1 25 | $155.3M | $97.7M | ||
| Q4 24 | $166.5M | $91.9M | ||
| Q3 24 | $182.6M | $90.7M | ||
| Q2 24 | $182.9M | $89.9M | ||
| Q1 24 | $182.6M | $93.2M |
| Q4 25 | $-29.3M | $27.9M | ||
| Q3 25 | $-5.6M | $29.3M | ||
| Q2 25 | $-9.6M | $27.9M | ||
| Q1 25 | $-8.1M | $29.4M | ||
| Q4 24 | $-31.6M | $26.0M | ||
| Q3 24 | $2.4M | $19.3M | ||
| Q2 24 | $-2.9M | $29.7M | ||
| Q1 24 | $281.0K | $30.7M |
| Q4 25 | — | 98.6% | ||
| Q3 25 | — | 98.5% | ||
| Q2 25 | — | 99.1% | ||
| Q1 25 | — | 98.8% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 98.8% | ||
| Q2 24 | — | 98.8% | ||
| Q1 24 | — | 98.8% |
| Q4 25 | -27.0% | 27.4% | ||
| Q3 25 | -3.8% | 25.9% | ||
| Q2 25 | -7.3% | 25.5% | ||
| Q1 25 | -5.9% | 25.9% | ||
| Q4 24 | -22.6% | 24.6% | ||
| Q3 24 | 1.3% | 17.5% | ||
| Q2 24 | -0.4% | 26.7% | ||
| Q1 24 | -0.4% | 26.4% |
| Q4 25 | -20.7% | 28.5% | ||
| Q3 25 | -3.7% | 30.5% | ||
| Q2 25 | -6.4% | 29.8% | ||
| Q1 25 | -5.2% | 30.1% | ||
| Q4 24 | -19.0% | 28.3% | ||
| Q3 24 | 1.3% | 21.3% | ||
| Q2 24 | -1.6% | 33.0% | ||
| Q1 24 | 0.2% | 33.0% |
| Q4 25 | $-1.38 | $0.38 | ||
| Q3 25 | $-0.27 | $0.41 | ||
| Q2 25 | $-0.46 | $0.39 | ||
| Q1 25 | $-0.37 | $0.41 | ||
| Q4 24 | $-1.44 | $0.36 | ||
| Q3 24 | $0.11 | $0.27 | ||
| Q2 24 | $-0.13 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.7M | $21.7M |
| Total DebtLower is stronger | $333.9M | $4.6B |
| Stockholders' EquityBook value | $210.5M | $2.4B |
| Total Assets | $697.9M | $7.2B |
| Debt / EquityLower = less leverage | 1.59× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.7M | $21.7M | ||
| Q3 25 | $115.6M | $12.1M | ||
| Q2 25 | $117.3M | $13.9M | ||
| Q1 25 | $102.7M | $17.3M | ||
| Q4 24 | $110.7M | $8.3M | ||
| Q3 24 | $92.3M | $15.6M | ||
| Q2 24 | $114.0M | $13.4M | ||
| Q1 24 | $125.8M | $11.3M |
| Q4 25 | $333.9M | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $325.6M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $210.5M | $2.4B | ||
| Q3 25 | $239.5M | $2.4B | ||
| Q2 25 | $244.9M | $2.4B | ||
| Q1 25 | $269.6M | $2.4B | ||
| Q4 24 | $277.5M | $2.3B | ||
| Q3 24 | $308.9M | $2.3B | ||
| Q2 24 | $306.7M | $2.3B | ||
| Q1 24 | $314.6M | $2.3B |
| Q4 25 | $697.9M | $7.2B | ||
| Q3 25 | $715.2M | $7.1B | ||
| Q2 25 | $707.9M | $7.1B | ||
| Q1 25 | $712.6M | $6.9B | ||
| Q4 24 | $741.7M | $6.9B | ||
| Q3 24 | $756.7M | $6.8B | ||
| Q2 24 | $733.5M | $6.8B | ||
| Q1 24 | $746.4M | $6.7B |
| Q4 25 | 1.59× | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | 1.17× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-5.8M | $47.8M |
| Free Cash FlowOCF − Capex | $-25.0M | — |
| FCF MarginFCF / Revenue | -17.7% | — |
| Capex IntensityCapex / Revenue | 13.6% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $47.8M | ||
| Q3 25 | $5.9M | $-1.4M | ||
| Q2 25 | $12.2M | $28.0M | ||
| Q1 25 | $5.0M | $8.9M | ||
| Q4 24 | $15.2M | $37.9M | ||
| Q3 24 | $15.5M | $8.3M | ||
| Q2 24 | $18.7M | $24.8M | ||
| Q1 24 | $9.6M | $-3.1M |
| Q4 25 | $-25.0M | — | ||
| Q3 25 | $2.5M | — | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | $-39.9M | — | ||
| Q3 24 | $-33.6M | — | ||
| Q2 24 | $4.1M | — | ||
| Q1 24 | $-12.2M | — |
| Q4 25 | -17.7% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | -4.4% | — | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | -18.4% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | -6.7% | — |
| Q4 25 | 13.6% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 33.1% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 12.0% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 6.44× | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | 34.11× | -0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
