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Side-by-side financial comparison of Safehold Inc. (SAFE) and UFP TECHNOLOGIES INC (UFPT). Click either name above to swap in a different company.

UFP TECHNOLOGIES INC is the larger business by last-quarter revenue ($148.9M vs $97.9M, roughly 1.5× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 11.8%, a 16.7% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 3.4%). Over the past eight quarters, UFP TECHNOLOGIES INC's revenue compounded faster (19.1% CAGR vs 2.5%).

SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

SAFE vs UFPT — Head-to-Head

Bigger by revenue
UFPT
UFPT
1.5× larger
UFPT
$148.9M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+3.2% gap
SAFE
6.5%
3.4%
UFPT
Higher net margin
SAFE
SAFE
16.7% more per $
SAFE
28.5%
11.8%
UFPT
Faster 2-yr revenue CAGR
UFPT
UFPT
Annualised
UFPT
19.1%
2.5%
SAFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SAFE
SAFE
UFPT
UFPT
Revenue
$97.9M
$148.9M
Net Profit
$27.9M
$17.6M
Gross Margin
98.6%
28.2%
Operating Margin
27.4%
14.4%
Net Margin
28.5%
11.8%
Revenue YoY
6.5%
3.4%
Net Profit YoY
7.1%
7.3%
EPS (diluted)
$0.38
$2.22

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.

Revenue
SAFE
SAFE
UFPT
UFPT
Q4 25
$97.9M
$148.9M
Q3 25
$96.2M
$154.6M
Q2 25
$93.8M
$151.2M
Q1 25
$97.7M
$148.1M
Q4 24
$91.9M
$144.1M
Q3 24
$90.7M
$145.2M
Q2 24
$89.9M
$110.2M
Q1 24
$93.2M
$105.0M
Net Profit
SAFE
SAFE
UFPT
UFPT
Q4 25
$27.9M
$17.6M
Q3 25
$29.3M
$16.4M
Q2 25
$27.9M
$17.2M
Q1 25
$29.4M
$17.2M
Q4 24
$26.0M
$16.4M
Q3 24
$19.3M
$16.4M
Q2 24
$29.7M
$13.6M
Q1 24
$30.7M
$12.7M
Gross Margin
SAFE
SAFE
UFPT
UFPT
Q4 25
98.6%
28.2%
Q3 25
98.5%
27.7%
Q2 25
99.1%
28.8%
Q1 25
98.8%
28.5%
Q4 24
98.8%
29.2%
Q3 24
98.8%
28.6%
Q2 24
98.8%
30.0%
Q1 24
98.8%
28.6%
Operating Margin
SAFE
SAFE
UFPT
UFPT
Q4 25
27.4%
14.4%
Q3 25
25.9%
15.1%
Q2 25
25.5%
16.1%
Q1 25
25.9%
15.6%
Q4 24
24.6%
15.4%
Q3 24
17.5%
17.1%
Q2 24
26.7%
16.3%
Q1 24
26.4%
15.2%
Net Margin
SAFE
SAFE
UFPT
UFPT
Q4 25
28.5%
11.8%
Q3 25
30.5%
10.6%
Q2 25
29.8%
11.4%
Q1 25
30.1%
11.6%
Q4 24
28.3%
11.4%
Q3 24
21.3%
11.3%
Q2 24
33.0%
12.3%
Q1 24
33.0%
12.1%
EPS (diluted)
SAFE
SAFE
UFPT
UFPT
Q4 25
$0.38
$2.22
Q3 25
$0.41
$2.11
Q2 25
$0.39
$2.21
Q1 25
$0.41
$2.21
Q4 24
$0.36
$2.08
Q3 24
$0.27
$2.11
Q2 24
$0.42
$1.75
Q1 24
$0.43
$1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SAFE
SAFE
UFPT
UFPT
Cash + ST InvestmentsLiquidity on hand
$21.7M
$20.3M
Total DebtLower is stronger
$4.6B
$135.5M
Stockholders' EquityBook value
$2.4B
$423.9M
Total Assets
$7.2B
$655.1M
Debt / EquityLower = less leverage
1.90×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAFE
SAFE
UFPT
UFPT
Q4 25
$21.7M
$20.3M
Q3 25
$12.1M
$18.2M
Q2 25
$13.9M
$14.9M
Q1 25
$17.3M
$14.0M
Q4 24
$8.3M
$13.4M
Q3 24
$15.6M
$16.4M
Q2 24
$13.4M
$16.7M
Q1 24
$11.3M
$11.4M
Total Debt
SAFE
SAFE
UFPT
UFPT
Q4 25
$4.6B
$135.5M
Q3 25
$4.5B
$146.1M
Q2 25
$4.4B
$163.6M
Q1 25
$4.3B
$163.6M
Q4 24
$4.3B
$189.4M
Q3 24
$4.3B
$212.0M
Q2 24
$4.2B
$35.2M
Q1 24
$4.1B
$34.0M
Stockholders' Equity
SAFE
SAFE
UFPT
UFPT
Q4 25
$2.4B
$423.9M
Q3 25
$2.4B
$403.9M
Q2 25
$2.4B
$385.5M
Q1 25
$2.4B
$360.7M
Q4 24
$2.3B
$342.8M
Q3 24
$2.3B
$329.1M
Q2 24
$2.3B
$310.2M
Q1 24
$2.3B
$295.0M
Total Assets
SAFE
SAFE
UFPT
UFPT
Q4 25
$7.2B
$655.1M
Q3 25
$7.1B
$652.8M
Q2 25
$7.1B
$634.7M
Q1 25
$6.9B
$642.6M
Q4 24
$6.9B
$629.0M
Q3 24
$6.8B
$638.5M
Q2 24
$6.8B
$422.4M
Q1 24
$6.7B
$407.7M
Debt / Equity
SAFE
SAFE
UFPT
UFPT
Q4 25
1.90×
0.32×
Q3 25
1.89×
0.36×
Q2 25
1.87×
0.42×
Q1 25
1.85×
0.45×
Q4 24
1.84×
0.55×
Q3 24
1.88×
0.64×
Q2 24
1.81×
0.11×
Q1 24
1.81×
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SAFE
SAFE
UFPT
UFPT
Operating Cash FlowLast quarter
$47.8M
$16.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
0.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SAFE
SAFE
UFPT
UFPT
Q4 25
$47.8M
$16.8M
Q3 25
$-1.4M
$35.9M
Q2 25
$28.0M
$25.3M
Q1 25
$8.9M
$13.8M
Q4 24
$37.9M
$24.4M
Q3 24
$8.3M
$19.8M
Q2 24
$24.8M
$11.7M
Q1 24
$-3.1M
$10.7M
Free Cash Flow
SAFE
SAFE
UFPT
UFPT
Q4 25
Q3 25
Q2 25
$22.5M
Q1 25
$11.0M
Q4 24
$21.4M
Q3 24
$17.7M
Q2 24
$8.9M
Q1 24
$8.9M
FCF Margin
SAFE
SAFE
UFPT
UFPT
Q4 25
Q3 25
Q2 25
14.9%
Q1 25
7.4%
Q4 24
14.9%
Q3 24
12.2%
Q2 24
8.1%
Q1 24
8.5%
Capex Intensity
SAFE
SAFE
UFPT
UFPT
Q4 25
Q3 25
Q2 25
1.9%
Q1 25
1.9%
Q4 24
2.1%
Q3 24
1.5%
Q2 24
2.5%
Q1 24
1.6%
Cash Conversion
SAFE
SAFE
UFPT
UFPT
Q4 25
1.72×
0.96×
Q3 25
-0.05×
2.19×
Q2 25
1.00×
1.47×
Q1 25
0.30×
0.80×
Q4 24
1.45×
1.49×
Q3 24
0.43×
1.21×
Q2 24
0.83×
0.86×
Q1 24
-0.10×
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

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