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Side-by-side financial comparison of Safehold Inc. (SAFE) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $97.9M, roughly 1.3× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 1.5%, a 26.9% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -3.9%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -4.8%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
SAFE vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $97.9M | $124.7M |
| Net Profit | $27.9M | $1.9M |
| Gross Margin | 98.6% | 24.3% |
| Operating Margin | 27.4% | 3.3% |
| Net Margin | 28.5% | 1.5% |
| Revenue YoY | 6.5% | -3.9% |
| Net Profit YoY | 7.1% | -53.6% |
| EPS (diluted) | $0.38 | $0.04 |
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 | $97.9M | $124.7M | ||
| Q3 25 | $96.2M | $85.1M | ||
| Q2 25 | $93.8M | $140.8M | ||
| Q1 25 | $97.7M | $115.9M | ||
| Q4 24 | $91.9M | $129.7M | ||
| Q3 24 | $90.7M | $88.3M | ||
| Q2 24 | $89.9M | $159.1M | ||
| Q1 24 | $93.2M | $137.5M |
| Q4 25 | $27.9M | $1.9M | ||
| Q3 25 | $29.3M | $-3.4M | ||
| Q2 25 | $27.9M | $8.6M | ||
| Q1 25 | $29.4M | $2.1M | ||
| Q4 24 | $26.0M | $4.5M | ||
| Q3 24 | $19.3M | $-1.9M | ||
| Q2 24 | $29.7M | $27.9M | ||
| Q1 24 | $30.7M | $7.9M |
| Q4 25 | 98.6% | 24.3% | ||
| Q3 25 | 98.5% | 25.9% | ||
| Q2 25 | 99.1% | 28.8% | ||
| Q1 25 | 98.8% | 24.1% | ||
| Q4 24 | 98.8% | 26.6% | ||
| Q3 24 | 98.8% | 27.4% | ||
| Q2 24 | 98.8% | 35.5% | ||
| Q1 24 | 98.8% | 28.7% |
| Q4 25 | 27.4% | 3.3% | ||
| Q3 25 | 25.9% | -3.5% | ||
| Q2 25 | 25.5% | 9.3% | ||
| Q1 25 | 25.9% | 4.1% | ||
| Q4 24 | 24.6% | 5.8% | ||
| Q3 24 | 17.5% | -1.7% | ||
| Q2 24 | 26.7% | 17.4% | ||
| Q1 24 | 26.4% | 8.2% |
| Q4 25 | 28.5% | 1.5% | ||
| Q3 25 | 30.5% | -4.0% | ||
| Q2 25 | 29.8% | 6.1% | ||
| Q1 25 | 30.1% | 1.8% | ||
| Q4 24 | 28.3% | 3.5% | ||
| Q3 24 | 21.3% | -2.1% | ||
| Q2 24 | 33.0% | 17.5% | ||
| Q1 24 | 33.0% | 5.7% |
| Q4 25 | $0.38 | $0.04 | ||
| Q3 25 | $0.41 | $-0.08 | ||
| Q2 25 | $0.39 | $0.19 | ||
| Q1 25 | $0.41 | $0.05 | ||
| Q4 24 | $0.36 | $0.10 | ||
| Q3 24 | $0.27 | $-0.04 | ||
| Q2 24 | $0.42 | $0.60 | ||
| Q1 24 | $0.43 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $21.7M | $22.4M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.4B | $363.2M |
| Total Assets | $7.2B | $548.6M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $22.4M | ||
| Q3 25 | $12.1M | $18.0M | ||
| Q2 25 | $13.9M | $25.2M | ||
| Q1 25 | $17.3M | $26.7M | ||
| Q4 24 | $8.3M | $39.1M | ||
| Q3 24 | $15.6M | $35.5M | ||
| Q2 24 | $13.4M | $60.8M | ||
| Q1 24 | $11.3M | $47.4M |
| 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 | $2.4B | $363.2M | ||
| Q3 25 | $2.4B | $364.4M | ||
| Q2 25 | $2.4B | $372.5M | ||
| Q1 25 | $2.4B | $366.9M | ||
| Q4 24 | $2.3B | $371.5M | ||
| Q3 24 | $2.3B | $380.0M | ||
| Q2 24 | $2.3B | $399.9M | ||
| Q1 24 | $2.3B | $376.4M |
| Q4 25 | $7.2B | $548.6M | ||
| Q3 25 | $7.1B | $554.6M | ||
| Q2 25 | $7.1B | $559.6M | ||
| Q1 25 | $6.9B | $578.9M | ||
| Q4 24 | $6.9B | $587.4M | ||
| Q3 24 | $6.8B | $571.3M | ||
| Q2 24 | $6.8B | $577.4M | ||
| Q1 24 | $6.7B | $570.6M |
| 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 | $47.8M | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | 1.72× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.8M | $27.3M | ||
| Q3 25 | $-1.4M | $-8.1M | ||
| Q2 25 | $28.0M | $40.8M | ||
| Q1 25 | $8.9M | $-9.8M | ||
| Q4 24 | $37.9M | $-7.4M | ||
| Q3 24 | $8.3M | $-30.8M | ||
| Q2 24 | $24.8M | $43.7M | ||
| Q1 24 | $-3.1M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | 1.72× | 14.22× | ||
| Q3 25 | -0.05× | — | ||
| Q2 25 | 1.00× | 4.73× | ||
| Q1 25 | 0.30× | -4.68× | ||
| Q4 24 | 1.45× | -1.63× | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.83× | 1.57× | ||
| Q1 24 | -0.10× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
SWBI
Segment breakdown not available.
