vs

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

QUHUO Ltd is the larger business by last-quarter revenue ($157.9M vs $97.9M, roughly 1.6× Safehold Inc.).

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

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

QH vs SAFE — Head-to-Head

Bigger by revenue
QH
QH
1.6× larger
QH
$157.9M
$97.9M
SAFE

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
QH
QH
SAFE
SAFE
Revenue
$157.9M
$97.9M
Net Profit
$27.9M
Gross Margin
98.6%
Operating Margin
27.4%
Net Margin
28.5%
Revenue YoY
6.5%
Net Profit YoY
7.1%
EPS (diluted)
$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
QH
QH
SAFE
SAFE
Q4 25
$97.9M
Q3 25
$96.2M
Q2 25
$157.9M
$93.8M
Q1 25
$97.7M
Q4 24
$91.9M
Q3 24
$90.7M
Q2 24
$222.9M
$89.9M
Q1 24
$93.2M
Net Profit
QH
QH
SAFE
SAFE
Q4 25
$27.9M
Q3 25
$29.3M
Q2 25
$27.9M
Q1 25
$29.4M
Q4 24
$26.0M
Q3 24
$19.3M
Q2 24
$-6.4M
$29.7M
Q1 24
$30.7M
Gross Margin
QH
QH
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
1.5%
98.8%
Q1 24
98.8%
Operating Margin
QH
QH
SAFE
SAFE
Q4 25
27.4%
Q3 25
25.9%
Q2 25
25.5%
Q1 25
25.9%
Q4 24
24.6%
Q3 24
17.5%
Q2 24
-2.7%
26.7%
Q1 24
26.4%
Net Margin
QH
QH
SAFE
SAFE
Q4 25
28.5%
Q3 25
30.5%
Q2 25
29.8%
Q1 25
30.1%
Q4 24
28.3%
Q3 24
21.3%
Q2 24
-2.9%
33.0%
Q1 24
33.0%
EPS (diluted)
QH
QH
SAFE
SAFE
Q4 25
$0.38
Q3 25
$0.41
Q2 25
$0.39
Q1 25
$0.41
Q4 24
$0.36
Q3 24
$0.27
Q2 24
$0.42
Q1 24
$0.43

Balance Sheet & Financial Strength

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

Metric
QH
QH
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$4.3M
$21.7M
Total DebtLower is stronger
$858.0K
$4.6B
Stockholders' EquityBook value
$57.4M
$2.4B
Total Assets
$118.4M
$7.2B
Debt / EquityLower = less leverage
0.01×
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QH
QH
SAFE
SAFE
Q4 25
$21.7M
Q3 25
$12.1M
Q2 25
$4.3M
$13.9M
Q1 25
$17.3M
Q4 24
$8.3M
Q3 24
$15.6M
Q2 24
$14.3M
$13.4M
Q1 24
$11.3M
Total Debt
QH
QH
SAFE
SAFE
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$858.0K
$4.4B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$1.2M
$4.2B
Q1 24
$4.1B
Stockholders' Equity
QH
QH
SAFE
SAFE
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$57.4M
$2.4B
Q1 25
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$64.6M
$2.3B
Q1 24
$2.3B
Total Assets
QH
QH
SAFE
SAFE
Q4 25
$7.2B
Q3 25
$7.1B
Q2 25
$118.4M
$7.1B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.8B
Q2 24
$135.0M
$6.8B
Q1 24
$6.7B
Debt / Equity
QH
QH
SAFE
SAFE
Q4 25
1.90×
Q3 25
1.89×
Q2 25
0.01×
1.87×
Q1 25
1.85×
Q4 24
1.84×
Q3 24
1.88×
Q2 24
0.02×
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
QH
QH
SAFE
SAFE
Operating Cash FlowLast quarter
$-5.8M
$47.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QH
QH
SAFE
SAFE
Q4 25
$47.8M
Q3 25
$-1.4M
Q2 25
$-5.8M
$28.0M
Q1 25
$8.9M
Q4 24
$37.9M
Q3 24
$8.3M
Q2 24
$24.8M
Q1 24
$-3.1M
Cash Conversion
QH
QH
SAFE
SAFE
Q4 25
1.72×
Q3 25
-0.05×
Q2 25
1.00×
Q1 25
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

QH
QH

Segment breakdown not available.

SAFE
SAFE

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

Related Comparisons