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

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $97.9M, roughly 1.7× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -82.0%, a 110.4% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -22.7%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -11.5%).

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

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

PTCT vs SAFE — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.7× larger
PTCT
$164.7M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+29.3% gap
SAFE
6.5%
-22.7%
PTCT
Higher net margin
SAFE
SAFE
110.4% more per $
SAFE
28.5%
-82.0%
PTCT
Faster 2-yr revenue CAGR
SAFE
SAFE
Annualised
SAFE
2.5%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PTCT
PTCT
SAFE
SAFE
Revenue
$164.7M
$97.9M
Net Profit
$-135.0M
$27.9M
Gross Margin
98.6%
Operating Margin
-43.3%
27.4%
Net Margin
-82.0%
28.5%
Revenue YoY
-22.7%
6.5%
Net Profit YoY
-104.8%
7.1%
EPS (diluted)
$-1.63
$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
PTCT
PTCT
SAFE
SAFE
Q4 25
$164.7M
$97.9M
Q3 25
$211.0M
$96.2M
Q2 25
$178.9M
$93.8M
Q1 25
$1.2B
$97.7M
Q4 24
$213.2M
$91.9M
Q3 24
$196.8M
$90.7M
Q2 24
$186.7M
$89.9M
Q1 24
$210.1M
$93.2M
Net Profit
PTCT
PTCT
SAFE
SAFE
Q4 25
$-135.0M
$27.9M
Q3 25
$15.9M
$29.3M
Q2 25
$-64.8M
$27.9M
Q1 25
$866.6M
$29.4M
Q4 24
$-65.9M
$26.0M
Q3 24
$-106.7M
$19.3M
Q2 24
$-99.2M
$29.7M
Q1 24
$-91.6M
$30.7M
Gross Margin
PTCT
PTCT
SAFE
SAFE
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%
Operating Margin
PTCT
PTCT
SAFE
SAFE
Q4 25
-43.3%
27.4%
Q3 25
1.4%
25.9%
Q2 25
-19.5%
25.5%
Q1 25
82.5%
25.9%
Q4 24
-76.2%
24.6%
Q3 24
-27.7%
17.5%
Q2 24
-21.5%
26.7%
Q1 24
-21.6%
26.4%
Net Margin
PTCT
PTCT
SAFE
SAFE
Q4 25
-82.0%
28.5%
Q3 25
7.5%
30.5%
Q2 25
-36.3%
29.8%
Q1 25
73.7%
30.1%
Q4 24
-30.9%
28.3%
Q3 24
-54.2%
21.3%
Q2 24
-53.1%
33.0%
Q1 24
-43.6%
33.0%
EPS (diluted)
PTCT
PTCT
SAFE
SAFE
Q4 25
$-1.63
$0.38
Q3 25
$0.20
$0.41
Q2 25
$-0.83
$0.39
Q1 25
$10.04
$0.41
Q4 24
$-0.85
$0.36
Q3 24
$-1.39
$0.27
Q2 24
$-1.29
$0.42
Q1 24
$-1.20
$0.43

Balance Sheet & Financial Strength

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

Metric
PTCT
PTCT
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$1.9B
$21.7M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$-205.3M
$2.4B
Total Assets
$2.9B
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTCT
PTCT
SAFE
SAFE
Q4 25
$1.9B
$21.7M
Q3 25
$1.7B
$12.1M
Q2 25
$2.0B
$13.9M
Q1 25
$2.0B
$17.3M
Q4 24
$1.1B
$8.3M
Q3 24
$1.0B
$15.6M
Q2 24
$1.1B
$13.4M
Q1 24
$884.8M
$11.3M
Total Debt
PTCT
PTCT
SAFE
SAFE
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.2B
Q1 24
$4.1B
Stockholders' Equity
PTCT
PTCT
SAFE
SAFE
Q4 25
$-205.3M
$2.4B
Q3 25
$-155.8M
$2.4B
Q2 25
$-206.5M
$2.4B
Q1 25
$-185.8M
$2.4B
Q4 24
$-1.1B
$2.3B
Q3 24
$-1.1B
$2.3B
Q2 24
$-980.2M
$2.3B
Q1 24
$-893.9M
$2.3B
Total Assets
PTCT
PTCT
SAFE
SAFE
Q4 25
$2.9B
$7.2B
Q3 25
$2.6B
$7.1B
Q2 25
$2.6B
$7.1B
Q1 25
$2.7B
$6.9B
Q4 24
$1.7B
$6.9B
Q3 24
$1.8B
$6.8B
Q2 24
$1.9B
$6.8B
Q1 24
$1.8B
$6.7B
Debt / Equity
PTCT
PTCT
SAFE
SAFE
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
PTCT
PTCT
SAFE
SAFE
Operating Cash FlowLast quarter
$-34.3M
$47.8M
Free Cash FlowOCF − Capex
$-36.6M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTCT
PTCT
SAFE
SAFE
Q4 25
$-34.3M
$47.8M
Q3 25
$-66.3M
$-1.4M
Q2 25
$-58.3M
$28.0M
Q1 25
$870.1M
$8.9M
Q4 24
$-30.0M
$37.9M
Q3 24
$-77.0M
$8.3M
Q2 24
$-71.5M
$24.8M
Q1 24
$70.8M
$-3.1M
Free Cash Flow
PTCT
PTCT
SAFE
SAFE
Q4 25
$-36.6M
Q3 25
$-69.7M
Q2 25
$-59.6M
Q1 25
$868.4M
Q4 24
$-33.8M
Q3 24
$-77.5M
Q2 24
$-78.8M
Q1 24
$61.2M
FCF Margin
PTCT
PTCT
SAFE
SAFE
Q4 25
-22.3%
Q3 25
-33.1%
Q2 25
-33.3%
Q1 25
73.8%
Q4 24
-15.8%
Q3 24
-39.4%
Q2 24
-42.2%
Q1 24
29.1%
Capex Intensity
PTCT
PTCT
SAFE
SAFE
Q4 25
1.4%
Q3 25
1.6%
Q2 25
0.7%
Q1 25
0.1%
Q4 24
1.8%
Q3 24
0.3%
Q2 24
4.0%
Q1 24
4.6%
Cash Conversion
PTCT
PTCT
SAFE
SAFE
Q4 25
1.72×
Q3 25
-4.17×
-0.05×
Q2 25
1.00×
Q1 25
1.00×
0.30×
Q4 24
1.45×
Q3 24
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

PTCT
PTCT

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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