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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $49.0M, roughly 2.0× Quipt Home Medical Corp.). Safehold Inc. runs the higher net margin — 28.5% vs -2.1%, a 30.6% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 6.5%).
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
QIPT vs SAFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $97.9M |
| Net Profit | $-1.1M | $27.9M |
| Gross Margin | 53.5% | 98.6% |
| Operating Margin | 2.1% | 27.4% |
| Net Margin | -2.1% | 28.5% |
| Revenue YoY | 32.3% | 6.5% |
| Net Profit YoY | 2.9% | 7.1% |
| EPS (diluted) | $-0.02 | $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 | $49.0M | $97.9M | ||
| Q3 25 | $39.8M | $96.2M | ||
| Q2 25 | $35.1M | $93.8M | ||
| Q1 25 | $33.3M | $97.7M | ||
| Q4 24 | $37.1M | $91.9M | ||
| Q3 24 | — | $90.7M | ||
| Q2 24 | — | $89.9M | ||
| Q1 24 | — | $93.2M |
| Q4 25 | $-1.1M | $27.9M | ||
| Q3 25 | $-3.5M | $29.3M | ||
| Q2 25 | $-3.0M | $27.9M | ||
| Q1 25 | $-3.0M | $29.4M | ||
| Q4 24 | $-1.1M | $26.0M | ||
| Q3 24 | — | $19.3M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $30.7M |
| Q4 25 | 53.5% | 98.6% | ||
| Q3 25 | 48.7% | 98.5% | ||
| Q2 25 | 57.6% | 99.1% | ||
| Q1 25 | 54.6% | 98.8% | ||
| Q4 24 | 52.1% | 98.8% | ||
| Q3 24 | — | 98.8% | ||
| Q2 24 | — | 98.8% | ||
| Q1 24 | — | 98.8% |
| Q4 25 | 2.1% | 27.4% | ||
| Q3 25 | -3.6% | 25.9% | ||
| Q2 25 | -5.2% | 25.5% | ||
| Q1 25 | -3.0% | 25.9% | ||
| Q4 24 | 1.2% | 24.6% | ||
| Q3 24 | — | 17.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.4% |
| Q4 25 | -2.1% | 28.5% | ||
| Q3 25 | -8.9% | 30.5% | ||
| Q2 25 | -8.6% | 29.8% | ||
| Q1 25 | -9.1% | 30.1% | ||
| Q4 24 | -2.9% | 28.3% | ||
| Q3 24 | — | 21.3% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 33.0% |
| Q4 25 | $-0.02 | $0.38 | ||
| Q3 25 | $-0.07 | $0.41 | ||
| Q2 25 | $-0.07 | $0.39 | ||
| Q1 25 | $-0.07 | $0.41 | ||
| Q4 24 | $-0.03 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.5M | $21.7M |
| Total DebtLower is stronger | $84.0M | $4.6B |
| Stockholders' EquityBook value | $113.0M | $2.4B |
| Total Assets | $280.7M | $7.2B |
| Debt / EquityLower = less leverage | 0.74× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $21.7M | ||
| Q3 25 | $12.9M | $12.1M | ||
| Q2 25 | $11.3M | $13.9M | ||
| Q1 25 | $17.1M | $17.3M | ||
| Q4 24 | $15.5M | $8.3M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $13.4M | ||
| Q1 24 | — | $11.3M |
| Q4 25 | $84.0M | $4.6B | ||
| Q3 25 | $87.6M | $4.5B | ||
| Q2 25 | $66.0M | $4.4B | ||
| Q1 25 | $71.5M | $4.3B | ||
| Q4 24 | $70.6M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $113.0M | $2.4B | ||
| Q3 25 | $112.1M | $2.4B | ||
| Q2 25 | $102.5M | $2.4B | ||
| Q1 25 | $103.6M | $2.4B | ||
| Q4 24 | $106.3M | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | $280.7M | $7.2B | ||
| Q3 25 | $283.3M | $7.1B | ||
| Q2 25 | $236.1M | $7.1B | ||
| Q1 25 | $244.6M | $6.9B | ||
| Q4 24 | $242.8M | $6.9B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | 0.74× | 1.90× | ||
| Q3 25 | 0.78× | 1.89× | ||
| Q2 25 | 0.64× | 1.87× | ||
| Q1 25 | 0.69× | 1.85× | ||
| Q4 24 | 0.66× | 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 | $8.9M | $47.8M |
| Free Cash FlowOCF − Capex | $6.9M | — |
| FCF MarginFCF / Revenue | 14.0% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | $47.8M | ||
| Q3 25 | $9.8M | $-1.4M | ||
| Q2 25 | $9.7M | $28.0M | ||
| Q1 25 | $8.9M | $8.9M | ||
| Q4 24 | $9.3M | $37.9M | ||
| Q3 24 | — | $8.3M | ||
| Q2 24 | — | $24.8M | ||
| Q1 24 | — | $-3.1M |
| Q4 25 | $6.9M | — | ||
| Q3 25 | $8.0M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $7.3M | — | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 14.0% | — | ||
| Q3 25 | 20.0% | — | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.2% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 14.9% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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
QIPT
Segment breakdown not available.
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
