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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $97.9M, roughly 1.6× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 4.8%, a 23.7% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 6.5%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 2.5%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
PMTS vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $97.9M |
| Net Profit | $7.3M | $27.9M |
| Gross Margin | 31.5% | 98.6% |
| Operating Margin | 12.0% | 27.4% |
| Net Margin | 4.8% | 28.5% |
| Revenue YoY | 22.3% | 6.5% |
| Net Profit YoY | 8.5% | 7.1% |
| EPS (diluted) | $0.62 | $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 | $153.1M | $97.9M | ||
| Q3 25 | $138.0M | $96.2M | ||
| Q2 25 | $129.8M | $93.8M | ||
| Q1 25 | $122.8M | $97.7M | ||
| Q4 24 | $125.1M | $91.9M | ||
| Q3 24 | $124.8M | $90.7M | ||
| Q2 24 | $118.8M | $89.9M | ||
| Q1 24 | $111.9M | $93.2M |
| Q4 25 | $7.3M | $27.9M | ||
| Q3 25 | $2.3M | $29.3M | ||
| Q2 25 | $518.0K | $27.9M | ||
| Q1 25 | $4.8M | $29.4M | ||
| Q4 24 | $6.8M | $26.0M | ||
| Q3 24 | $1.3M | $19.3M | ||
| Q2 24 | $6.0M | $29.7M | ||
| Q1 24 | $5.5M | $30.7M |
| Q4 25 | 31.5% | 98.6% | ||
| Q3 25 | 29.7% | 98.5% | ||
| Q2 25 | 30.9% | 99.1% | ||
| Q1 25 | 33.2% | 98.8% | ||
| Q4 24 | 34.1% | 98.8% | ||
| Q3 24 | 35.8% | 98.8% | ||
| Q2 24 | 35.7% | 98.8% | ||
| Q1 24 | 37.1% | 98.8% |
| Q4 25 | 12.0% | 27.4% | ||
| Q3 25 | 9.4% | 25.9% | ||
| Q2 25 | 7.3% | 25.5% | ||
| Q1 25 | 11.5% | 25.9% | ||
| Q4 24 | 12.7% | 24.6% | ||
| Q3 24 | 14.3% | 17.5% | ||
| Q2 24 | 12.5% | 26.7% | ||
| Q1 24 | 12.6% | 26.4% |
| Q4 25 | 4.8% | 28.5% | ||
| Q3 25 | 1.7% | 30.5% | ||
| Q2 25 | 0.4% | 29.8% | ||
| Q1 25 | 3.9% | 30.1% | ||
| Q4 24 | 5.4% | 28.3% | ||
| Q3 24 | 1.0% | 21.3% | ||
| Q2 24 | 5.1% | 33.0% | ||
| Q1 24 | 4.9% | 33.0% |
| Q4 25 | $0.62 | $0.38 | ||
| Q3 25 | $0.19 | $0.41 | ||
| Q2 25 | $0.04 | $0.39 | ||
| Q1 25 | $0.40 | $0.41 | ||
| Q4 24 | $0.56 | $0.36 | ||
| Q3 24 | $0.11 | $0.27 | ||
| Q2 24 | $0.51 | $0.42 | ||
| Q1 24 | $0.46 | $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 | $21.7M | $21.7M |
| Total DebtLower is stronger | $286.7M | $4.6B |
| Stockholders' EquityBook value | $-17.3M | $2.4B |
| Total Assets | $403.2M | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $21.7M | ||
| Q3 25 | $16.0M | $12.1M | ||
| Q2 25 | $17.1M | $13.9M | ||
| Q1 25 | $31.5M | $17.3M | ||
| Q4 24 | $33.5M | $8.3M | ||
| Q3 24 | $14.7M | $15.6M | ||
| Q2 24 | $7.5M | $13.4M | ||
| Q1 24 | $17.1M | $11.3M |
| Q4 25 | $286.7M | $4.6B | ||
| Q3 25 | $308.4M | $4.5B | ||
| Q2 25 | $310.9M | $4.4B | ||
| Q1 25 | $280.7M | $4.3B | ||
| Q4 24 | $280.4M | $4.3B | ||
| Q3 24 | $280.2M | $4.3B | ||
| Q2 24 | $269.7M | $4.2B | ||
| Q1 24 | $265.3M | $4.1B |
| Q4 25 | $-17.3M | $2.4B | ||
| Q3 25 | $-25.7M | $2.4B | ||
| Q2 25 | $-29.0M | $2.4B | ||
| Q1 25 | $-29.7M | $2.4B | ||
| Q4 24 | $-35.6M | $2.3B | ||
| Q3 24 | $-42.8M | $2.3B | ||
| Q2 24 | $-44.6M | $2.3B | ||
| Q1 24 | $-48.5M | $2.3B |
| Q4 25 | $403.2M | $7.2B | ||
| Q3 25 | $407.1M | $7.1B | ||
| Q2 25 | $399.8M | $7.1B | ||
| Q1 25 | $351.9M | $6.9B | ||
| Q4 24 | $349.7M | $6.9B | ||
| Q3 24 | $342.3M | $6.8B | ||
| Q2 24 | $321.4M | $6.8B | ||
| Q1 24 | $319.8M | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 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 | $39.6M | $47.8M |
| Free Cash FlowOCF − Capex | $35.2M | — |
| FCF MarginFCF / Revenue | 23.0% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 5.39× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.6M | $47.8M | ||
| Q3 25 | $10.0M | $-1.4M | ||
| Q2 25 | $4.3M | $28.0M | ||
| Q1 25 | $5.6M | $8.9M | ||
| Q4 24 | $26.7M | $37.9M | ||
| Q3 24 | $12.5M | $8.3M | ||
| Q2 24 | $-4.8M | $24.8M | ||
| Q1 24 | $8.9M | $-3.1M |
| Q4 25 | $35.2M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $533.0K | — | ||
| Q1 25 | $292.0K | — | ||
| Q4 24 | $21.6M | — | ||
| Q3 24 | $11.1M | — | ||
| Q2 24 | $-6.0M | — | ||
| Q1 24 | $7.4M | — |
| Q4 25 | 23.0% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | -5.0% | — | ||
| Q1 24 | 6.6% | — |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 5.39× | 1.72× | ||
| Q3 25 | 4.32× | -0.05× | ||
| Q2 25 | 8.39× | 1.00× | ||
| Q1 25 | 1.17× | 0.30× | ||
| Q4 24 | 3.94× | 1.45× | ||
| Q3 24 | 9.70× | 0.43× | ||
| Q2 24 | -0.79× | 0.83× | ||
| Q1 24 | 1.63× | -0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
