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

Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $75.5M, roughly 1.3× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 6.5%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 2.5%).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

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

PBYI vs SAFE — Head-to-Head

Bigger by revenue
SAFE
SAFE
1.3× larger
SAFE
$97.9M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+21.2% gap
PBYI
27.7%
6.5%
SAFE
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
2.5%
SAFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PBYI
PBYI
SAFE
SAFE
Revenue
$75.5M
$97.9M
Net Profit
$27.9M
Gross Margin
69.3%
98.6%
Operating Margin
22.7%
27.4%
Net Margin
28.5%
Revenue YoY
27.7%
6.5%
Net Profit YoY
7.1%
EPS (diluted)
$0.26
$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
PBYI
PBYI
SAFE
SAFE
Q4 25
$75.5M
$97.9M
Q3 25
$54.5M
$96.2M
Q2 25
$52.4M
$93.8M
Q1 25
$46.0M
$97.7M
Q4 24
$59.1M
$91.9M
Q3 24
$80.5M
$90.7M
Q2 24
$47.1M
$89.9M
Q1 24
$43.8M
$93.2M
Net Profit
PBYI
PBYI
SAFE
SAFE
Q4 25
$27.9M
Q3 25
$8.8M
$29.3M
Q2 25
$5.9M
$27.9M
Q1 25
$3.0M
$29.4M
Q4 24
$26.0M
Q3 24
$20.3M
$19.3M
Q2 24
$-4.5M
$29.7M
Q1 24
$-4.8M
$30.7M
Gross Margin
PBYI
PBYI
SAFE
SAFE
Q4 25
69.3%
98.6%
Q3 25
77.7%
98.5%
Q2 25
76.5%
99.1%
Q1 25
77.1%
98.8%
Q4 24
76.4%
98.8%
Q3 24
63.9%
98.8%
Q2 24
77.4%
98.8%
Q1 24
75.5%
98.8%
Operating Margin
PBYI
PBYI
SAFE
SAFE
Q4 25
22.7%
27.4%
Q3 25
17.6%
25.9%
Q2 25
12.7%
25.5%
Q1 25
8.7%
25.9%
Q4 24
22.6%
24.6%
Q3 24
27.4%
17.5%
Q2 24
-4.6%
26.7%
Q1 24
-5.3%
26.4%
Net Margin
PBYI
PBYI
SAFE
SAFE
Q4 25
28.5%
Q3 25
16.2%
30.5%
Q2 25
11.2%
29.8%
Q1 25
6.5%
30.1%
Q4 24
28.3%
Q3 24
25.2%
21.3%
Q2 24
-9.6%
33.0%
Q1 24
-11.0%
33.0%
EPS (diluted)
PBYI
PBYI
SAFE
SAFE
Q4 25
$0.26
$0.38
Q3 25
$0.17
$0.41
Q2 25
$0.12
$0.39
Q1 25
$0.06
$0.41
Q4 24
$0.40
$0.36
Q3 24
$0.41
$0.27
Q2 24
$-0.09
$0.42
Q1 24
$-0.10
$0.43

Balance Sheet & Financial Strength

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

Metric
PBYI
PBYI
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$97.5M
$21.7M
Total DebtLower is stronger
$22.7M
$4.6B
Stockholders' EquityBook value
$130.3M
$2.4B
Total Assets
$216.3M
$7.2B
Debt / EquityLower = less leverage
0.17×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
SAFE
SAFE
Q4 25
$97.5M
$21.7M
Q3 25
$94.4M
$12.1M
Q2 25
$96.0M
$13.9M
Q1 25
$93.2M
$17.3M
Q4 24
$101.0M
$8.3M
Q3 24
$96.7M
$15.6M
Q2 24
$96.8M
$13.4M
Q1 24
$107.2M
$11.3M
Total Debt
PBYI
PBYI
SAFE
SAFE
Q4 25
$22.7M
$4.6B
Q3 25
$34.0M
$4.5B
Q2 25
$45.3M
$4.4B
Q1 25
$56.7M
$4.3B
Q4 24
$68.0M
$4.3B
Q3 24
$79.3M
$4.3B
Q2 24
$90.7M
$4.2B
Q1 24
$102.0M
$4.1B
Stockholders' Equity
PBYI
PBYI
SAFE
SAFE
Q4 25
$130.3M
$2.4B
Q3 25
$115.3M
$2.4B
Q2 25
$104.7M
$2.4B
Q1 25
$97.1M
$2.4B
Q4 24
$92.1M
$2.3B
Q3 24
$71.1M
$2.3B
Q2 24
$48.5M
$2.3B
Q1 24
$51.0M
$2.3B
Total Assets
PBYI
PBYI
SAFE
SAFE
Q4 25
$216.3M
$7.2B
Q3 25
$202.9M
$7.1B
Q2 25
$194.9M
$7.1B
Q1 25
$196.2M
$6.9B
Q4 24
$213.3M
$6.9B
Q3 24
$220.7M
$6.8B
Q2 24
$205.0M
$6.8B
Q1 24
$214.1M
$6.7B
Debt / Equity
PBYI
PBYI
SAFE
SAFE
Q4 25
0.17×
1.90×
Q3 25
0.30×
1.89×
Q2 25
0.43×
1.87×
Q1 25
0.58×
1.85×
Q4 24
0.74×
1.84×
Q3 24
1.12×
1.88×
Q2 24
1.87×
1.81×
Q1 24
2.00×
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
PBYI
PBYI
SAFE
SAFE
Operating Cash FlowLast quarter
$14.4M
$47.8M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
SAFE
SAFE
Q4 25
$14.4M
$47.8M
Q3 25
$9.7M
$-1.4M
Q2 25
$14.1M
$28.0M
Q1 25
$3.6M
$8.9M
Q4 24
$15.6M
$37.9M
Q3 24
$11.0M
$8.3M
Q2 24
$1.0M
$24.8M
Q1 24
$11.2M
$-3.1M
Free Cash Flow
PBYI
PBYI
SAFE
SAFE
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
PBYI
PBYI
SAFE
SAFE
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
PBYI
PBYI
SAFE
SAFE
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
PBYI
PBYI
SAFE
SAFE
Q4 25
1.72×
Q3 25
1.10×
-0.05×
Q2 25
2.41×
1.00×
Q1 25
1.21×
0.30×
Q4 24
1.45×
Q3 24
0.54×
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

PBYI
PBYI

Segment breakdown not available.

SAFE
SAFE

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

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