How do PagerDuty, Inc. and Safehold Inc. compare by revenue?

PagerDuty, Inc. reported revenue of $124.5M in Q3 FY2026, while Safehold Inc. reported $97.9M in Q4 FY2025. PagerDuty, Inc. is 1.3× larger by last-quarter revenue.

Which is growing revenue faster, PagerDuty, Inc. or Safehold Inc.?

PagerDuty, Inc.'s latest revenue grew 4.7% year-over-year, versus 6.5% for Safehold Inc.. Safehold Inc. is growing faster on a YoY basis.

Which has a higher gross margin, PagerDuty, Inc. or Safehold Inc.?

PagerDuty, Inc.'s gross margin is 85.3% vs Safehold Inc.'s 98.6%. Safehold Inc. converts more of each revenue dollar into gross profit.

Which has a higher net margin, PagerDuty, Inc. or Safehold Inc.?

PagerDuty, Inc.'s net margin is 129.7% vs Safehold Inc.'s 28.5%. PagerDuty, Inc. has the higher bottom-line margin.

What is the 2-year revenue CAGR for PagerDuty, Inc. vs Safehold Inc.?

Over the trailing 8 quarters, PagerDuty, Inc. compounded revenue at roughly 5.9% per year, versus 2.5% for Safehold Inc.. PagerDuty, Inc. has the faster medium-term growth trajectory.

Where does this PD vs SAFE data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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

PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $97.9M, roughly 1.3× Safehold Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 28.5%, a 101.3% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 4.7%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs 2.5%).

PagerDuty, Inc.PDEarnings & Financial Report

NYSE · Information Technology · Services-Prepackaged Software

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

Safehold Inc.SAFEEarnings & Financial Report

NYSE · Financials · Real Estate Investment Trusts

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

PD vs SAFE — Head-to-Head

Bigger by revenue

1.3× larger

$124.5M

$97.9M

Growing faster (revenue YoY)

SAFE

+1.8% gap

6.5%

4.7%

Higher net margin

101.3% more per $

129.7%

28.5%

Faster 2-yr revenue CAGR

Annualised

5.9%

2.5%

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric	PD	SAFE
Revenue	$124.5M	$97.9M
Net Profit	$161.6M	$27.9M
Gross Margin	85.3%	98.6%
Operating Margin	6.5%	27.4%
Net Margin	129.7%	28.5%
Revenue YoY	4.7%	6.5%
Net Profit YoY	2827.7%	7.1%
EPS (diluted)	$1.69	$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

SAFE

Q4 25	$124.5M	$97.9M
Q3 25	$123.4M	$96.2M
Q2 25	$119.8M	$93.8M
Q1 25	$121.4M	$97.7M
Q4 24	$118.9M	$91.9M
Q3 24	$115.9M	$90.7M
Q2 24	$111.2M	$89.9M
Q1 24	$111.1M	$93.2M

Net Profit

SAFE

Q4 25	$161.6M	$27.9M
Q3 25	$9.6M	$29.3M
Q2 25	$-7.2M	$27.9M
Q1 25	$-8.8M	$29.4M
Q4 24	$-5.9M	$26.0M
Q3 24	$-10.9M	$19.3M
Q2 24	$-17.1M	$29.7M
Q1 24	$-28.2M	$30.7M

Gross Margin

SAFE

Q4 25	85.3%	98.6%
Q3 25	84.6%	98.5%
Q2 25	84.0%	99.1%
Q1 25	83.6%	98.8%
Q4 24	83.0%	98.8%
Q3 24	82.7%	98.8%
Q2 24	82.6%	98.8%
Q1 24	81.7%	98.8%

Operating Margin

SAFE

Q4 25	6.5%	27.4%
Q3 25	2.9%	25.9%
Q2 25	-8.6%	25.5%
Q1 25	-9.6%	25.9%
Q4 24	-8.7%	24.6%
Q3 24	-13.8%	17.5%
Q2 24	-19.5%	26.7%
Q1 24	-30.1%	26.4%

Net Margin

SAFE

Q4 25	129.7%	28.5%
Q3 25	7.8%	30.5%
Q2 25	-6.0%	29.8%
Q1 25	-7.2%	30.1%
Q4 24	-5.0%	28.3%
Q3 24	-9.4%	21.3%
Q2 24	-15.4%	33.0%
Q1 24	-25.3%	33.0%

EPS (diluted)

SAFE

Q4 25	$1.69	$0.38
Q3 25	$0.10	$0.41
Q2 25	$-0.07	$0.39
Q1 25	$-0.12	$0.41
Q4 24	$-0.07	$0.36
Q3 24	$-0.14	$0.27
Q2 24	$-0.26	$0.42
Q1 24	$-0.34	$0.43

Balance Sheet & Financial Strength

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

Metric	PD	SAFE
Cash + ST InvestmentsLiquidity on hand	$547.8M	$21.7M
Total DebtLower is stronger	—	$4.6B
Stockholders' EquityBook value	$320.5M	$2.4B
Total Assets	$1.0B	$7.2B
Debt / EquityLower = less leverage	—	1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

SAFE

Q4 25	$547.8M	$21.7M
Q3 25	$567.9M	$12.1M
Q2 25	$597.1M	$13.9M
Q1 25	$570.8M	$17.3M
Q4 24	$542.2M	$8.3M
Q3 24	$599.3M	$15.6M
Q2 24	$592.8M	$13.4M
Q1 24	$571.2M	$11.3M

Total Debt

SAFE

Q4 25	—	$4.6B
Q3 25	—	$4.5B
Q2 25	—	$4.4B
Q1 25	$484.5M	$4.3B
Q4 24	—	$4.3B
Q3 24	—	$4.3B
Q2 24	—	$4.2B
Q1 24	$489.5M	$4.1B

Stockholders' Equity

SAFE

Q4 25	$320.5M	$2.4B
Q3 25	$180.7M	$2.4B
Q2 25	$145.7M	$2.4B
Q1 25	$129.8M	$2.4B
Q4 24	$111.6M	$2.3B
Q3 24	$164.7M	$2.3B
Q2 24	$174.0M	$2.3B
Q1 24	$171.6M	$2.3B

Total Assets

SAFE

Q4 25	$1.0B	$7.2B
Q3 25	$891.5M	$7.1B
Q2 25	$926.8M	$7.1B
Q1 25	$927.3M	$6.9B
Q4 24	$866.8M	$6.9B
Q3 24	$916.0M	$6.8B
Q2 24	$924.0M	$6.8B
Q1 24	$925.3M	$6.7B

Debt / Equity

SAFE

Q4 25	—	1.90×
Q3 25	—	1.89×
Q2 25	—	1.87×
Q1 25	3.73×	1.85×
Q4 24	—	1.84×
Q3 24	—	1.88×
Q2 24	—	1.81×
Q1 24	2.85×	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	PD	SAFE
Operating Cash FlowLast quarter	$24.8M	$47.8M
Free Cash FlowOCF − Capex	$24.1M	—
FCF MarginFCF / Revenue	19.3%	—
Capex IntensityCapex / Revenue	0.6%	—
Cash ConversionOCF / Net Profit	0.15×	1.72×
TTM Free Cash FlowTrailing 4 quarters	$117.6M	—