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Side-by-side financial comparison of Safehold Inc. (SAFE) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $76.2M, roughly 1.3× VIEMED HEALTHCARE, INC.). Safehold Inc. runs the higher net margin — 28.5% vs 7.4%, a 21.1% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 6.5%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% CAGR vs 2.5%).

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

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

SAFE vs VMD — Head-to-Head

Bigger by revenue
SAFE
SAFE
1.3× larger
SAFE
$97.9M
$76.2M
VMD
Growing faster (revenue YoY)
VMD
VMD
+19.0% gap
VMD
25.5%
6.5%
SAFE
Higher net margin
SAFE
SAFE
21.1% more per $
SAFE
28.5%
7.4%
VMD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
2.5%
SAFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SAFE
SAFE
VMD
VMD
Revenue
$97.9M
$76.2M
Net Profit
$27.9M
$5.6M
Gross Margin
98.6%
57.9%
Operating Margin
27.4%
11.0%
Net Margin
28.5%
7.4%
Revenue YoY
6.5%
25.5%
Net Profit YoY
7.1%
30.7%
EPS (diluted)
$0.38
$0.14

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
VMD
VMD
Q4 25
$97.9M
$76.2M
Q3 25
$96.2M
$71.9M
Q2 25
$93.8M
$63.1M
Q1 25
$97.7M
$59.1M
Q4 24
$91.9M
$60.7M
Q3 24
$90.7M
$58.0M
Q2 24
$89.9M
$55.0M
Q1 24
$93.2M
$50.6M
Net Profit
SAFE
SAFE
VMD
VMD
Q4 25
$27.9M
$5.6M
Q3 25
$29.3M
$3.5M
Q2 25
$27.9M
$3.2M
Q1 25
$29.4M
$2.6M
Q4 24
$26.0M
$4.3M
Q3 24
$19.3M
$3.9M
Q2 24
$29.7M
$1.5M
Q1 24
$30.7M
$1.6M
Gross Margin
SAFE
SAFE
VMD
VMD
Q4 25
98.6%
57.9%
Q3 25
98.5%
57.5%
Q2 25
99.1%
58.3%
Q1 25
98.8%
56.3%
Q4 24
98.8%
59.5%
Q3 24
98.8%
59.3%
Q2 24
98.8%
59.8%
Q1 24
98.8%
58.9%
Operating Margin
SAFE
SAFE
VMD
VMD
Q4 25
27.4%
11.0%
Q3 25
25.9%
7.8%
Q2 25
25.5%
8.1%
Q1 25
25.9%
6.5%
Q4 24
24.6%
10.6%
Q3 24
17.5%
9.7%
Q2 24
26.7%
6.6%
Q1 24
26.4%
4.4%
Net Margin
SAFE
SAFE
VMD
VMD
Q4 25
28.5%
7.4%
Q3 25
30.5%
4.9%
Q2 25
29.8%
5.0%
Q1 25
30.1%
4.4%
Q4 24
28.3%
7.1%
Q3 24
21.3%
6.7%
Q2 24
33.0%
2.7%
Q1 24
33.0%
3.2%
EPS (diluted)
SAFE
SAFE
VMD
VMD
Q4 25
$0.38
$0.14
Q3 25
$0.41
$0.09
Q2 25
$0.39
$0.08
Q1 25
$0.41
$0.06
Q4 24
$0.36
$0.10
Q3 24
$0.27
$0.10
Q2 24
$0.42
$0.04
Q1 24
$0.43
$0.04

Balance Sheet & Financial Strength

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

Metric
SAFE
SAFE
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$21.7M
$13.5M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$2.4B
$141.5M
Total Assets
$7.2B
$199.2M
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAFE
SAFE
VMD
VMD
Q4 25
$21.7M
$13.5M
Q3 25
$12.1M
$11.1M
Q2 25
$13.9M
$20.0M
Q1 25
$17.3M
$10.2M
Q4 24
$8.3M
$17.5M
Q3 24
$15.6M
$11.3M
Q2 24
$13.4M
$8.8M
Q1 24
$11.3M
$7.3M
Total Debt
SAFE
SAFE
VMD
VMD
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
Stockholders' Equity
SAFE
SAFE
VMD
VMD
Q4 25
$2.4B
$141.5M
Q3 25
$2.4B
$133.6M
Q2 25
$2.4B
$139.7M
Q1 25
$2.4B
$134.8M
Q4 24
$2.3B
$131.4M
Q3 24
$2.3B
$125.0M
Q2 24
$2.3B
$119.4M
Q1 24
$2.3B
$116.3M
Total Assets
SAFE
SAFE
VMD
VMD
Q4 25
$7.2B
$199.2M
Q3 25
$7.1B
$202.4M
Q2 25
$7.1B
$184.6M
Q1 25
$6.9B
$178.1M
Q4 24
$6.9B
$177.1M
Q3 24
$6.8B
$169.5M
Q2 24
$6.8B
$163.9M
Q1 24
$6.7B
$154.9M
Debt / Equity
SAFE
SAFE
VMD
VMD
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
SAFE
SAFE
VMD
VMD
Operating Cash FlowLast quarter
$47.8M
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
1.72×
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SAFE
SAFE
VMD
VMD
Q4 25
$47.8M
$18.4M
Q3 25
$-1.4M
$18.4M
Q2 25
$28.0M
$12.3M
Q1 25
$8.9M
$2.9M
Q4 24
$37.9M
$15.0M
Q3 24
$8.3M
$12.7M
Q2 24
$24.8M
$10.2M
Q1 24
$-3.1M
$1.2M
Free Cash Flow
SAFE
SAFE
VMD
VMD
Q4 25
$9.7M
Q3 25
$10.7M
Q2 25
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
SAFE
SAFE
VMD
VMD
Q4 25
12.7%
Q3 25
14.9%
Q2 25
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
SAFE
SAFE
VMD
VMD
Q4 25
11.5%
Q3 25
10.6%
Q2 25
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
SAFE
SAFE
VMD
VMD
Q4 25
1.72×
3.27×
Q3 25
-0.05×
5.23×
Q2 25
1.00×
3.88×
Q1 25
0.30×
1.09×
Q4 24
1.45×
3.47×
Q3 24
0.43×
3.29×
Q2 24
0.83×
6.94×
Q1 24
-0.10×
0.73×

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%

VMD
VMD

Segment breakdown not available.

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