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Side-by-side financial comparison of RING ENERGY, INC. (REI) 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 $66.9M, roughly 1.5× RING ENERGY, INC.). On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -19.8%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -15.9%).
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
REI vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $97.9M |
| Net Profit | — | $27.9M |
| Gross Margin | — | 98.6% |
| Operating Margin | -37.6% | 27.4% |
| Net Margin | — | 28.5% |
| Revenue YoY | -19.8% | 6.5% |
| Net Profit YoY | — | 7.1% |
| EPS (diluted) | $-0.07 | $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 | $66.9M | $97.9M | ||
| Q3 25 | $78.6M | $96.2M | ||
| Q2 25 | $82.6M | $93.8M | ||
| Q1 25 | $79.1M | $97.7M | ||
| Q4 24 | $83.4M | $91.9M | ||
| Q3 24 | $89.2M | $90.7M | ||
| Q2 24 | $99.1M | $89.9M | ||
| Q1 24 | $94.5M | $93.2M |
| Q4 25 | — | $27.9M | ||
| Q3 25 | $-51.6M | $29.3M | ||
| Q2 25 | $20.6M | $27.9M | ||
| Q1 25 | $9.1M | $29.4M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | $33.9M | $19.3M | ||
| Q2 24 | $22.4M | $29.7M | ||
| Q1 24 | $5.5M | $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 | -37.6% | 27.4% | ||
| Q3 25 | -70.0% | 25.9% | ||
| Q2 25 | 28.4% | 25.5% | ||
| Q1 25 | 28.3% | 25.9% | ||
| Q4 24 | 28.3% | 24.6% | ||
| Q3 24 | 33.4% | 17.5% | ||
| Q2 24 | 42.2% | 26.7% | ||
| Q1 24 | 39.8% | 26.4% |
| Q4 25 | — | 28.5% | ||
| Q3 25 | -65.7% | 30.5% | ||
| Q2 25 | 25.0% | 29.8% | ||
| Q1 25 | 11.5% | 30.1% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | 38.0% | 21.3% | ||
| Q2 24 | 22.6% | 33.0% | ||
| Q1 24 | 5.8% | 33.0% |
| Q4 25 | $-0.07 | $0.38 | ||
| Q3 25 | $-0.25 | $0.41 | ||
| Q2 25 | $0.10 | $0.39 | ||
| Q1 25 | $0.05 | $0.41 | ||
| Q4 24 | $0.03 | $0.36 | ||
| Q3 24 | $0.17 | $0.27 | ||
| Q2 24 | $0.11 | $0.42 | ||
| Q1 24 | $0.03 | $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 | $902.9K | $21.7M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $836.3M | $2.4B |
| Total Assets | $1.4B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $902.9K | $21.7M | ||
| Q3 25 | $286.9K | $12.1M | ||
| Q2 25 | — | $13.9M | ||
| Q1 25 | $1.1M | $17.3M | ||
| Q4 24 | $1.9M | $8.3M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | $1.2M | $13.4M | ||
| Q1 24 | $1.4M | $11.3M |
| 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 |
| Q4 25 | $836.3M | $2.4B | ||
| Q3 25 | $847.7M | $2.4B | ||
| Q2 25 | $897.9M | $2.4B | ||
| Q1 25 | $876.0M | $2.4B | ||
| Q4 24 | $858.6M | $2.3B | ||
| Q3 24 | $851.3M | $2.3B | ||
| Q2 24 | $817.4M | $2.3B | ||
| Q1 24 | $793.0M | $2.3B |
| Q4 25 | $1.4B | $7.2B | ||
| Q3 25 | $1.4B | $7.1B | ||
| Q2 25 | $1.5B | $7.1B | ||
| Q1 25 | $1.5B | $6.9B | ||
| Q4 24 | $1.4B | $6.9B | ||
| Q3 24 | $1.4B | $6.8B | ||
| Q2 24 | $1.4B | $6.8B | ||
| Q1 24 | $1.4B | $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 | $44.7M | $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.
| Q4 25 | $44.7M | $47.8M | ||
| Q3 25 | $44.5M | $-1.4M | ||
| Q2 25 | $33.3M | $28.0M | ||
| Q1 25 | $28.4M | $8.9M | ||
| Q4 24 | $47.3M | $37.9M | ||
| Q3 24 | $51.3M | $8.3M | ||
| Q2 24 | $50.6M | $24.8M | ||
| Q1 24 | $45.2M | $-3.1M |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | 1.61× | 1.00× | ||
| Q1 25 | 3.11× | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 1.52× | 0.43× | ||
| Q2 24 | 2.26× | 0.83× | ||
| Q1 24 | 8.19× | -0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REI
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% |
