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Side-by-side financial comparison of PTC THERAPEUTICS, INC. (PTCT) and SAFETY INSURANCE GROUP INC (SAFT). Click either name above to swap in a different company.

SAFETY INSURANCE GROUP INC is the larger business by last-quarter revenue ($319.3M vs $164.7M, roughly 1.9× PTC THERAPEUTICS, INC.). SAFETY INSURANCE GROUP INC runs the higher net margin — 6.3% vs -82.0%, a 88.3% gap on every dollar of revenue. On growth, SAFETY INSURANCE GROUP INC posted the faster year-over-year revenue change (11.4% vs -22.7%). SAFETY INSURANCE GROUP INC produced more free cash flow last quarter ($192.0M vs $-36.6M). Over the past eight quarters, SAFETY INSURANCE GROUP INC's revenue compounded faster (9.1% 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.

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 24,000 employees, and is ranked No. 72 in the 2025 Fortune 500 list.

PTCT vs SAFT — Head-to-Head

Bigger by revenue
SAFT
SAFT
1.9× larger
SAFT
$319.3M
$164.7M
PTCT
Growing faster (revenue YoY)
SAFT
SAFT
+34.1% gap
SAFT
11.4%
-22.7%
PTCT
Higher net margin
SAFT
SAFT
88.3% more per $
SAFT
6.3%
-82.0%
PTCT
More free cash flow
SAFT
SAFT
$228.6M more FCF
SAFT
$192.0M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
SAFT
SAFT
Annualised
SAFT
9.1%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PTCT
PTCT
SAFT
SAFT
Revenue
$164.7M
$319.3M
Net Profit
$-135.0M
$20.1M
Gross Margin
Operating Margin
-43.3%
8.0%
Net Margin
-82.0%
6.3%
Revenue YoY
-22.7%
11.4%
Net Profit YoY
-104.8%
147.3%
EPS (diluted)
$-1.63
$1.36

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
SAFT
SAFT
Q4 25
$164.7M
$319.3M
Q3 25
$211.0M
$326.6M
Q2 25
$178.9M
$316.3M
Q1 25
$1.2B
$301.4M
Q4 24
$213.2M
$286.7M
Q3 24
$196.8M
$295.3M
Q2 24
$186.7M
$269.8M
Q1 24
$210.1M
$268.2M
Net Profit
PTCT
PTCT
SAFT
SAFT
Q4 25
$-135.0M
$20.1M
Q3 25
$15.9M
$28.3M
Q2 25
$-64.8M
$28.9M
Q1 25
$866.6M
$21.9M
Q4 24
$-65.9M
$8.1M
Q3 24
$-106.7M
$25.9M
Q2 24
$-99.2M
$16.6M
Q1 24
$-91.6M
$20.1M
Operating Margin
PTCT
PTCT
SAFT
SAFT
Q4 25
-43.3%
8.0%
Q3 25
1.4%
11.1%
Q2 25
-19.5%
11.6%
Q1 25
82.5%
9.4%
Q4 24
-76.2%
3.5%
Q3 24
-27.7%
11.1%
Q2 24
-21.5%
7.9%
Q1 24
-21.6%
9.5%
Net Margin
PTCT
PTCT
SAFT
SAFT
Q4 25
-82.0%
6.3%
Q3 25
7.5%
8.7%
Q2 25
-36.3%
9.1%
Q1 25
73.7%
7.3%
Q4 24
-30.9%
2.8%
Q3 24
-54.2%
8.8%
Q2 24
-53.1%
6.2%
Q1 24
-43.6%
7.5%
EPS (diluted)
PTCT
PTCT
SAFT
SAFT
Q4 25
$-1.63
$1.36
Q3 25
$0.20
$1.91
Q2 25
$-0.83
$1.95
Q1 25
$10.04
$1.48
Q4 24
$-0.85
$0.56
Q3 24
$-1.39
$1.73
Q2 24
$-1.29
$1.13
Q1 24
$-1.20
$1.36

Balance Sheet & Financial Strength

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

Metric
PTCT
PTCT
SAFT
SAFT
Cash + ST InvestmentsLiquidity on hand
$1.9B
$73.9M
Total DebtLower is stronger
$50.0M
Stockholders' EquityBook value
$-205.3M
$892.3M
Total Assets
$2.9B
$2.5B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTCT
PTCT
SAFT
SAFT
Q4 25
$1.9B
$73.9M
Q3 25
$1.7B
$56.2M
Q2 25
$2.0B
$49.4M
Q1 25
$2.0B
$64.7M
Q4 24
$1.1B
$59.0M
Q3 24
$1.0B
$82.3M
Q2 24
$1.1B
$44.6M
Q1 24
$884.8M
$30.8M
Total Debt
PTCT
PTCT
SAFT
SAFT
Q4 25
$50.0M
Q3 25
$30.0M
Q2 25
$30.0M
Q1 25
$30.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PTCT
PTCT
SAFT
SAFT
Q4 25
$-205.3M
$892.3M
Q3 25
$-155.8M
$899.6M
Q2 25
$-206.5M
$873.3M
Q1 25
$-185.8M
$850.7M
Q4 24
$-1.1B
$828.5M
Q3 24
$-1.1B
$851.4M
Q2 24
$-980.2M
$810.2M
Q1 24
$-893.9M
$807.1M
Total Assets
PTCT
PTCT
SAFT
SAFT
Q4 25
$2.9B
$2.5B
Q3 25
$2.6B
$2.4B
Q2 25
$2.6B
$2.4B
Q1 25
$2.7B
$2.3B
Q4 24
$1.7B
$2.3B
Q3 24
$1.8B
$2.3B
Q2 24
$1.9B
$2.2B
Q1 24
$1.8B
$2.1B
Debt / Equity
PTCT
PTCT
SAFT
SAFT
Q4 25
0.06×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
Q3 24
Q2 24
Q1 24

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
SAFT
SAFT
Operating Cash FlowLast quarter
$-34.3M
$194.5M
Free Cash FlowOCF − Capex
$-36.6M
$192.0M
FCF MarginFCF / Revenue
-22.3%
60.1%
Capex IntensityCapex / Revenue
1.4%
0.8%
Cash ConversionOCF / Net Profit
9.67×
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTCT
PTCT
SAFT
SAFT
Q4 25
$-34.3M
$194.5M
Q3 25
$-66.3M
$85.5M
Q2 25
$-58.3M
$32.3M
Q1 25
$870.1M
$3.2M
Q4 24
$-30.0M
$128.7M
Q3 24
$-77.0M
$73.8M
Q2 24
$-71.5M
$25.6M
Q1 24
$70.8M
$-21.1M
Free Cash Flow
PTCT
PTCT
SAFT
SAFT
Q4 25
$-36.6M
$192.0M
Q3 25
$-69.7M
Q2 25
$-59.6M
$32.3M
Q1 25
$868.4M
$2.8M
Q4 24
$-33.8M
$124.3M
Q3 24
$-77.5M
$73.2M
Q2 24
$-78.8M
$25.0M
Q1 24
$61.2M
$-24.2M
FCF Margin
PTCT
PTCT
SAFT
SAFT
Q4 25
-22.3%
60.1%
Q3 25
-33.1%
Q2 25
-33.3%
10.2%
Q1 25
73.8%
0.9%
Q4 24
-15.8%
43.4%
Q3 24
-39.4%
24.8%
Q2 24
-42.2%
9.3%
Q1 24
29.1%
-9.0%
Capex Intensity
PTCT
PTCT
SAFT
SAFT
Q4 25
1.4%
0.8%
Q3 25
1.6%
0.0%
Q2 25
0.7%
0.0%
Q1 25
0.1%
0.1%
Q4 24
1.8%
1.5%
Q3 24
0.3%
0.2%
Q2 24
4.0%
0.2%
Q1 24
4.6%
1.1%
Cash Conversion
PTCT
PTCT
SAFT
SAFT
Q4 25
9.67×
Q3 25
-4.17×
3.02×
Q2 25
1.12×
Q1 25
1.00×
0.14×
Q4 24
15.83×
Q3 24
2.85×
Q2 24
1.54×
Q1 24
-1.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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