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Side-by-side financial comparison of Safehold Inc. (SAFE) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $58.6M, roughly 1.7× Vitesse Energy, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -1.3%, a 29.7% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 4.8%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -2.1%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
SAFE vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $97.9M | $58.6M |
| Net Profit | $27.9M | $-739.0K |
| Gross Margin | 98.6% | — |
| Operating Margin | 27.4% | -12.0% |
| Net Margin | 28.5% | -1.3% |
| Revenue YoY | 6.5% | 4.8% |
| Net Profit YoY | 7.1% | 85.6% |
| EPS (diluted) | $0.38 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $96.2M | $67.4M | ||
| Q2 25 | $93.8M | $81.8M | ||
| Q1 25 | $97.7M | $66.2M | ||
| Q4 24 | $91.9M | $55.9M | ||
| Q3 24 | $90.7M | $58.3M | ||
| Q2 24 | $89.9M | $66.6M | ||
| Q1 24 | $93.2M | $61.2M |
| Q4 25 | $27.9M | $-739.0K | ||
| Q3 25 | $29.3M | $-1.3M | ||
| Q2 25 | $27.9M | $24.7M | ||
| Q1 25 | $29.4M | $2.7M | ||
| Q4 24 | $26.0M | $-5.1M | ||
| Q3 24 | $19.3M | $17.4M | ||
| Q2 24 | $29.7M | $10.9M | ||
| Q1 24 | $30.7M | $-2.2M |
| 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 | 27.4% | -12.0% | ||
| Q3 25 | 25.9% | 0.2% | ||
| Q2 25 | 25.5% | 22.8% | ||
| Q1 25 | 25.9% | 8.1% | ||
| Q4 24 | 24.6% | 3.7% | ||
| Q3 24 | 17.5% | 15.4% | ||
| Q2 24 | 26.7% | 25.2% | ||
| Q1 24 | 26.4% | 21.4% |
| Q4 25 | 28.5% | -1.3% | ||
| Q3 25 | 30.5% | -1.9% | ||
| Q2 25 | 29.8% | 30.2% | ||
| Q1 25 | 30.1% | 4.0% | ||
| Q4 24 | 28.3% | -9.2% | ||
| Q3 24 | 21.3% | 29.9% | ||
| Q2 24 | 33.0% | 16.4% | ||
| Q1 24 | 33.0% | -3.6% |
| Q4 25 | $0.38 | $-0.01 | ||
| Q3 25 | $0.41 | $-0.03 | ||
| Q2 25 | $0.39 | $0.60 | ||
| Q1 25 | $0.41 | $0.08 | ||
| Q4 24 | $0.36 | $-0.15 | ||
| Q3 24 | $0.27 | $0.53 | ||
| Q2 24 | $0.42 | $0.33 | ||
| Q1 24 | $0.43 | $-0.07 |
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 | — |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.4B | $629.3M |
| Total Assets | $7.2B | $893.4M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | — | ||
| Q3 25 | $12.1M | — | ||
| Q2 25 | $13.9M | — | ||
| Q1 25 | $17.3M | $4.5M | ||
| Q4 24 | $8.3M | $3.0M | ||
| Q3 24 | $15.6M | — | ||
| Q2 24 | $13.4M | — | ||
| Q1 24 | $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 | $2.4B | $629.3M | ||
| Q3 25 | $2.4B | $650.3M | ||
| Q2 25 | $2.4B | $671.9M | ||
| Q1 25 | $2.4B | $667.7M | ||
| Q4 24 | $2.3B | $500.3M | ||
| Q3 24 | $2.3B | $520.4M | ||
| Q2 24 | $2.3B | $518.5M | ||
| Q1 24 | $2.3B | $522.7M |
| Q4 25 | $7.2B | $893.4M | ||
| Q3 25 | $7.1B | $932.9M | ||
| Q2 25 | $7.1B | $951.5M | ||
| Q1 25 | $6.9B | $975.2M | ||
| Q4 24 | $6.9B | $810.9M | ||
| Q3 24 | $6.8B | $791.2M | ||
| Q2 24 | $6.8B | $778.4M | ||
| Q1 24 | $6.7B | $749.7M |
| 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 | $37.4M |
| 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 | $47.8M | $37.4M | ||
| Q3 25 | $-1.4M | $49.4M | ||
| Q2 25 | $28.0M | $66.0M | ||
| Q1 25 | $8.9M | $17.5M | ||
| Q4 24 | $37.9M | $34.7M | ||
| Q3 24 | $8.3M | $45.7M | ||
| Q2 24 | $24.8M | $35.2M | ||
| Q1 24 | $-3.1M | $39.4M |
| Q4 25 | 1.72× | — | ||
| Q3 25 | -0.05× | — | ||
| Q2 25 | 1.00× | 2.68× | ||
| Q1 25 | 0.30× | 6.56× | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 0.43× | 2.62× | ||
| Q2 24 | 0.83× | 3.22× | ||
| Q1 24 | -0.10× | — |
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% |
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
