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Side-by-side financial comparison of Safehold Inc. (SAFE) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $60.9M, roughly 1.6× TSS, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 20.0%, a 8.5% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 6.5%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs 2.5%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
SAFE vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $97.9M | $60.9M |
| Net Profit | $27.9M | $12.2M |
| Gross Margin | 98.6% | 17.6% |
| Operating Margin | 27.4% | 1.5% |
| Net Margin | 28.5% | 20.0% |
| Revenue YoY | 6.5% | 21.8% |
| Net Profit YoY | 7.1% | 535.7% |
| EPS (diluted) | $0.38 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $96.2M | $41.9M | ||
| Q2 25 | $93.8M | $44.0M | ||
| Q1 25 | $97.7M | $99.0M | ||
| Q4 24 | $91.9M | $50.0M | ||
| Q3 24 | $90.7M | $70.1M | ||
| Q2 24 | $89.9M | $12.2M | ||
| Q1 24 | $93.2M | $15.9M |
| Q4 25 | $27.9M | $12.2M | ||
| Q3 25 | $29.3M | $-1.5M | ||
| Q2 25 | $27.9M | $1.5M | ||
| Q1 25 | $29.4M | $3.0M | ||
| Q4 24 | $26.0M | $1.9M | ||
| Q3 24 | $19.3M | $2.6M | ||
| Q2 24 | $29.7M | $1.4M | ||
| Q1 24 | $30.7M | $15.0K |
| Q4 25 | 98.6% | 17.6% | ||
| Q3 25 | 98.5% | 11.1% | ||
| Q2 25 | 99.1% | 17.8% | ||
| Q1 25 | 98.8% | 9.3% | ||
| Q4 24 | 98.8% | 14.4% | ||
| Q3 24 | 98.8% | 11.3% | ||
| Q2 24 | 98.8% | 37.3% | ||
| Q1 24 | 98.8% | 17.1% |
| Q4 25 | 27.4% | 1.5% | ||
| Q3 25 | 25.9% | -2.2% | ||
| Q2 25 | 25.5% | 5.1% | ||
| Q1 25 | 25.9% | 4.2% | ||
| Q4 24 | 24.6% | 0.0% | ||
| Q3 24 | 17.5% | 5.4% | ||
| Q2 24 | 26.7% | 14.0% | ||
| Q1 24 | 26.4% | 1.6% |
| Q4 25 | 28.5% | 20.0% | ||
| Q3 25 | 30.5% | -3.6% | ||
| Q2 25 | 29.8% | 3.4% | ||
| Q1 25 | 30.1% | 3.0% | ||
| Q4 24 | 28.3% | 3.8% | ||
| Q3 24 | 21.3% | 3.8% | ||
| Q2 24 | 33.0% | 11.5% | ||
| Q1 24 | 33.0% | 0.1% |
| Q4 25 | $0.38 | $0.44 | ||
| Q3 25 | $0.41 | $-0.06 | ||
| Q2 25 | $0.39 | $0.06 | ||
| Q1 25 | $0.41 | $0.12 | ||
| Q4 24 | $0.36 | $0.08 | ||
| Q3 24 | $0.27 | $0.10 | ||
| Q2 24 | $0.42 | $0.06 | ||
| Q1 24 | $0.43 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.4B | $76.6M |
| Total Assets | $7.2B | $184.9M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $85.5M | ||
| Q3 25 | $12.1M | $70.7M | ||
| Q2 25 | $13.9M | — | ||
| Q1 25 | $17.3M | — | ||
| Q4 24 | $8.3M | $23.2M | ||
| Q3 24 | $15.6M | $46.4M | ||
| Q2 24 | $13.4M | $8.3M | ||
| Q1 24 | $11.3M | $14.4M |
| 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 | $76.6M | ||
| Q3 25 | $2.4B | $63.4M | ||
| Q2 25 | $2.4B | $9.5M | ||
| Q1 25 | $2.4B | $9.4M | ||
| Q4 24 | $2.3B | $7.1M | ||
| Q3 24 | $2.3B | $7.7M | ||
| Q2 24 | $2.3B | $5.2M | ||
| Q1 24 | $2.3B | $3.7M |
| Q4 25 | $7.2B | $184.9M | ||
| Q3 25 | $7.1B | $165.4M | ||
| Q2 25 | $7.1B | $139.5M | ||
| Q1 25 | $6.9B | $113.5M | ||
| Q4 24 | $6.9B | $96.6M | ||
| Q3 24 | $6.8B | $67.3M | ||
| Q2 24 | $6.8B | $28.9M | ||
| Q1 24 | $6.7B | $26.8M |
| 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 | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 1.72× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.8M | $16.3M | ||
| Q3 25 | $-1.4M | $-18.4M | ||
| Q2 25 | $28.0M | $16.3M | ||
| Q1 25 | $8.9M | $20.6M | ||
| Q4 24 | $37.9M | $-21.6M | ||
| Q3 24 | $8.3M | $38.6M | ||
| Q2 24 | $24.8M | $-4.3M | ||
| Q1 24 | $-3.1M | $2.6M |
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | — | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | — | -49.4% | ||
| Q1 24 | — | 16.4% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 1.72× | 1.34× | ||
| Q3 25 | -0.05× | — | ||
| Q2 25 | 1.00× | 11.02× | ||
| Q1 25 | 0.30× | 6.93× | ||
| Q4 24 | 1.45× | -11.32× | ||
| Q3 24 | 0.43× | 14.60× | ||
| Q2 24 | 0.83× | -3.09× | ||
| Q1 24 | -0.10× | 176.40× |
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
