vs
Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) 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 $50.3M, roughly 1.9× READING INTERNATIONAL INC). Safehold Inc. runs the higher net margin — 28.5% vs -5.1%, a 33.6% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -14.2%). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs 2.5%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
RDI vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $97.9M |
| Net Profit | $-2.6M | $27.9M |
| Gross Margin | — | 98.6% |
| Operating Margin | -1.9% | 27.4% |
| Net Margin | -5.1% | 28.5% |
| Revenue YoY | -14.2% | 6.5% |
| Net Profit YoY | -14.5% | 7.1% |
| EPS (diluted) | $-0.11 | $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 | $50.3M | $97.9M | ||
| Q3 25 | $52.2M | $96.2M | ||
| Q2 25 | $60.4M | $93.8M | ||
| Q1 25 | $40.2M | $97.7M | ||
| Q4 24 | $58.6M | $91.9M | ||
| Q3 24 | $60.1M | $90.7M | ||
| Q2 24 | $46.8M | $89.9M | ||
| Q1 24 | $45.1M | $93.2M |
| Q4 25 | $-2.6M | $27.9M | ||
| Q3 25 | $-4.2M | $29.3M | ||
| Q2 25 | $-2.7M | $27.9M | ||
| Q1 25 | $-4.8M | $29.4M | ||
| Q4 24 | $-2.2M | $26.0M | ||
| Q3 24 | $-7.0M | $19.3M | ||
| Q2 24 | $-12.8M | $29.7M | ||
| Q1 24 | $-13.2M | $30.7M |
| 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% |
| Q4 25 | -1.9% | 27.4% | ||
| Q3 25 | -0.6% | 25.9% | ||
| Q2 25 | 4.8% | 25.5% | ||
| Q1 25 | -17.2% | 25.9% | ||
| Q4 24 | 2.6% | 24.6% | ||
| Q3 24 | -0.6% | 17.5% | ||
| Q2 24 | -16.4% | 26.7% | ||
| Q1 24 | -16.7% | 26.4% |
| Q4 25 | -5.1% | 28.5% | ||
| Q3 25 | -8.0% | 30.5% | ||
| Q2 25 | -4.4% | 29.8% | ||
| Q1 25 | -11.8% | 30.1% | ||
| Q4 24 | -3.8% | 28.3% | ||
| Q3 24 | -11.7% | 21.3% | ||
| Q2 24 | -27.4% | 33.0% | ||
| Q1 24 | -29.4% | 33.0% |
| Q4 25 | $-0.11 | $0.38 | ||
| Q3 25 | $-0.18 | $0.41 | ||
| Q2 25 | $-0.12 | $0.39 | ||
| Q1 25 | $-0.21 | $0.41 | ||
| Q4 24 | $-0.11 | $0.36 | ||
| Q3 24 | $-0.31 | $0.27 | ||
| Q2 24 | $-0.57 | $0.42 | ||
| Q1 24 | $-0.59 | $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 | $185.1M | $4.6B |
| Stockholders' EquityBook value | $-18.2M | $2.4B |
| Total Assets | $434.9M | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $21.7M | ||
| Q3 25 | $8.1M | $12.1M | ||
| Q2 25 | $9.1M | $13.9M | ||
| Q1 25 | $5.9M | $17.3M | ||
| Q4 24 | $12.4M | $8.3M | ||
| Q3 24 | $10.1M | $15.6M | ||
| Q2 24 | $9.3M | $13.4M | ||
| Q1 24 | $7.5M | $11.3M |
| Q4 25 | $185.1M | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $202.7M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $-18.2M | $2.4B | ||
| Q3 25 | $-12.1M | $2.4B | ||
| Q2 25 | $-7.7M | $2.4B | ||
| Q1 25 | $-8.1M | $2.4B | ||
| Q4 24 | $-4.4M | $2.3B | ||
| Q3 24 | $1.6M | $2.3B | ||
| Q2 24 | $6.5M | $2.3B | ||
| Q1 24 | $18.0M | $2.3B |
| Q4 25 | $434.9M | $7.2B | ||
| Q3 25 | $435.2M | $7.1B | ||
| Q2 25 | $438.1M | $7.1B | ||
| Q1 25 | $441.0M | $6.9B | ||
| Q4 24 | $471.0M | $6.9B | ||
| Q3 24 | $495.7M | $6.8B | ||
| Q2 24 | $494.9M | $6.8B | ||
| Q1 24 | $494.9M | $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 | $4.3M | $47.8M |
| Free Cash FlowOCF − Capex | $4.1M | — |
| FCF MarginFCF / Revenue | 8.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $47.8M | ||
| Q3 25 | $295.0K | $-1.4M | ||
| Q2 25 | $1.6M | $28.0M | ||
| Q1 25 | $-7.7M | $8.9M | ||
| Q4 24 | $8.0M | $37.9M | ||
| Q3 24 | $1.3M | $8.3M | ||
| Q2 24 | $-10.4M | $24.8M | ||
| Q1 24 | $-2.8M | $-3.1M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $-246.0K | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $-8.0M | — | ||
| Q4 24 | $7.0M | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $-10.6M | — | ||
| Q1 24 | $-4.7M | — |
| Q4 25 | 8.2% | — | ||
| Q3 25 | -0.5% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -19.8% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | -1.8% | — | ||
| Q2 24 | -22.7% | — | ||
| Q1 24 | -10.4% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 4.3% | — |
| 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
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
