vs
Side-by-side financial comparison of Safehold Inc. (SAFE) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $97.9M, roughly 1.9× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 16.3%, a 12.2% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 6.5%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 2.5%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
SAFE vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $97.9M | $183.7M |
| Net Profit | $27.9M | $29.9M |
| Gross Margin | 98.6% | 86.5% |
| Operating Margin | 27.4% | 27.4% |
| Net Margin | 28.5% | 16.3% |
| Revenue YoY | 6.5% | 7.4% |
| Net Profit YoY | 7.1% | — |
| EPS (diluted) | $0.38 | $1.08 |
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.
| Q1 26 | — | $183.7M | ||
| Q4 25 | $97.9M | $175.7M | ||
| Q3 25 | $96.2M | $175.7M | ||
| Q2 25 | $93.8M | $174.3M | ||
| Q1 25 | $97.7M | $171.1M | ||
| Q4 24 | $91.9M | $161.8M | ||
| Q3 24 | $90.7M | $162.5M | ||
| Q2 24 | $89.9M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $27.9M | $26.8M | ||
| Q3 25 | $29.3M | $28.5M | ||
| Q2 25 | $27.9M | $26.8M | ||
| Q1 25 | $29.4M | $92.3M | ||
| Q4 24 | $26.0M | $26.8M | ||
| Q3 24 | $19.3M | $25.7M | ||
| Q2 24 | $29.7M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 98.6% | — | ||
| Q3 25 | 98.5% | — | ||
| Q2 25 | 99.1% | — | ||
| Q1 25 | 98.8% | — | ||
| Q4 24 | 98.8% | 85.6% | ||
| Q3 24 | 98.8% | 85.0% | ||
| Q2 24 | 98.8% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 27.4% | 26.7% | ||
| Q3 25 | 25.9% | 27.9% | ||
| Q2 25 | 25.5% | 25.9% | ||
| Q1 25 | 25.9% | 22.4% | ||
| Q4 24 | 24.6% | 25.9% | ||
| Q3 24 | 17.5% | 24.5% | ||
| Q2 24 | 26.7% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 28.5% | 15.2% | ||
| Q3 25 | 30.5% | 16.2% | ||
| Q2 25 | 29.8% | 15.4% | ||
| Q1 25 | 30.1% | 53.9% | ||
| Q4 24 | 28.3% | 16.5% | ||
| Q3 24 | 21.3% | 15.8% | ||
| Q2 24 | 33.0% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.38 | $0.99 | ||
| Q3 25 | $0.41 | $1.02 | ||
| Q2 25 | $0.39 | $0.96 | ||
| Q1 25 | $0.41 | $3.24 | ||
| Q4 24 | $0.36 | $0.91 | ||
| Q3 24 | $0.27 | $0.88 | ||
| Q2 24 | $0.42 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.4B | — |
| Total Assets | $7.2B | $648.9M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $21.7M | $196.6M | ||
| Q3 25 | $12.1M | $237.6M | ||
| Q2 25 | $13.9M | $227.9M | ||
| Q1 25 | $17.3M | $251.4M | ||
| Q4 24 | $8.3M | $315.9M | ||
| Q3 24 | $15.6M | $84.0M | ||
| Q2 24 | $13.4M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $1.2B | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | $1.2B | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $-736.8M | ||
| Q3 25 | $2.4B | $-702.6M | ||
| Q2 25 | $2.4B | $-686.0M | ||
| Q1 25 | $2.4B | $-715.0M | ||
| Q4 24 | $2.3B | $-675.6M | ||
| Q3 24 | $2.3B | $-447.5M | ||
| Q2 24 | $2.3B | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $7.2B | $693.4M | ||
| Q3 25 | $7.1B | $721.0M | ||
| Q2 25 | $7.1B | $708.3M | ||
| Q1 25 | $6.9B | $696.8M | ||
| Q4 24 | $6.9B | $716.2M | ||
| Q3 24 | $6.8B | $484.8M | ||
| Q2 24 | $6.8B | $451.8M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $47.8M | $57.3M | ||
| Q3 25 | $-1.4M | $63.9M | ||
| Q2 25 | $28.0M | $6.6M | ||
| Q1 25 | $8.9M | $25.3M | ||
| Q4 24 | $37.9M | $7.7M | ||
| Q3 24 | $8.3M | $69.0M | ||
| Q2 24 | $24.8M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 2.14× | ||
| Q3 25 | -0.05× | 2.24× | ||
| Q2 25 | 1.00× | 0.25× | ||
| Q1 25 | 0.30× | 0.27× | ||
| Q4 24 | 1.45× | 0.29× | ||
| Q3 24 | 0.43× | 2.68× | ||
| Q2 24 | 0.83× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
