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Side-by-side financial comparison of Safehold Inc. (SAFE) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $97.9M, roughly 1.1× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -0.7%, a 29.2% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 0.6%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -4.4%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
SAFE vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $97.9M | $111.7M |
| Net Profit | $27.9M | $-835.0K |
| Gross Margin | 98.6% | 89.1% |
| Operating Margin | 27.4% | 3.6% |
| Net Margin | 28.5% | -0.7% |
| Revenue YoY | 6.5% | 0.6% |
| Net Profit YoY | 7.1% | 92.3% |
| EPS (diluted) | $0.38 | $-0.03 |
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 | $111.7M | ||
| Q3 25 | $96.2M | $115.0M | ||
| Q2 25 | $93.8M | $112.2M | ||
| Q1 25 | $97.7M | $110.1M | ||
| Q4 24 | $91.9M | $111.0M | ||
| Q3 24 | $90.7M | $117.1M | ||
| Q2 24 | $89.9M | $123.7M | ||
| Q1 24 | $93.2M | $122.2M |
| Q4 25 | $27.9M | $-835.0K | ||
| Q3 25 | $29.3M | $-9.8M | ||
| Q2 25 | $27.9M | $-9.5M | ||
| Q1 25 | $29.4M | $-12.8M | ||
| Q4 24 | $26.0M | $-10.8M | ||
| Q3 24 | $19.3M | $-2.6M | ||
| Q2 24 | $29.7M | $7.0M | ||
| Q1 24 | $30.7M | $-6.5M |
| Q4 25 | 98.6% | 89.1% | ||
| Q3 25 | 98.5% | 89.1% | ||
| Q2 25 | 99.1% | 89.3% | ||
| Q1 25 | 98.8% | 89.4% | ||
| Q4 24 | 98.8% | 89.6% | ||
| Q3 24 | 98.8% | 89.4% | ||
| Q2 24 | 98.8% | 89.5% | ||
| Q1 24 | 98.8% | 89.1% |
| Q4 25 | 27.4% | 3.6% | ||
| Q3 25 | 25.9% | -4.4% | ||
| Q2 25 | 25.5% | -5.9% | ||
| Q1 25 | 25.9% | -10.6% | ||
| Q4 24 | 24.6% | -3.6% | ||
| Q3 24 | 17.5% | -2.8% | ||
| Q2 24 | 26.7% | 7.6% | ||
| Q1 24 | 26.4% | -0.7% |
| Q4 25 | 28.5% | -0.7% | ||
| Q3 25 | 30.5% | -8.5% | ||
| Q2 25 | 29.8% | -8.5% | ||
| Q1 25 | 30.1% | -11.7% | ||
| Q4 24 | 28.3% | -9.7% | ||
| Q3 24 | 21.3% | -2.2% | ||
| Q2 24 | 33.0% | 5.7% | ||
| Q1 24 | 33.0% | -5.3% |
| Q4 25 | $0.38 | $-0.03 | ||
| Q3 25 | $0.41 | $-0.11 | ||
| Q2 25 | $0.39 | $-0.10 | ||
| Q1 25 | $0.41 | $-0.13 | ||
| Q4 24 | $0.36 | $-0.10 | ||
| Q3 24 | $0.27 | $-0.03 | ||
| Q2 24 | $0.42 | $0.07 | ||
| 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 | $188.0M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.4B | $-77.2M |
| Total Assets | $7.2B | $569.7M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $188.0M | ||
| Q3 25 | $12.1M | $211.8M | ||
| Q2 25 | $13.9M | $203.5M | ||
| Q1 25 | $17.3M | $221.1M | ||
| Q4 24 | $8.3M | $218.4M | ||
| Q3 24 | $15.6M | $225.6M | ||
| Q2 24 | $13.4M | $271.7M | ||
| Q1 24 | $11.3M | $282.5M |
| 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 | $-77.2M | ||
| Q3 25 | $2.4B | $-76.1M | ||
| Q2 25 | $2.4B | $-65.9M | ||
| Q1 25 | $2.4B | $-11.3M | ||
| Q4 24 | $2.3B | $13.4M | ||
| Q3 24 | $2.3B | $13.6M | ||
| Q2 24 | $2.3B | $24.4M | ||
| Q1 24 | $2.3B | $12.7M |
| Q4 25 | $7.2B | $569.7M | ||
| Q3 25 | $7.1B | $573.6M | ||
| Q2 25 | $7.1B | $592.4M | ||
| Q1 25 | $6.9B | $629.4M | ||
| Q4 24 | $6.9B | $664.1M | ||
| Q3 24 | $6.8B | $652.0M | ||
| Q2 24 | $6.8B | $665.3M | ||
| Q1 24 | $6.7B | $662.4M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.6M |
| FCF MarginFCF / Revenue | — | 6.8% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.8M | $7.7M | ||
| Q3 25 | $-1.4M | $2.6M | ||
| Q2 25 | $28.0M | $10.5M | ||
| Q1 25 | $8.9M | $-9.9M | ||
| Q4 24 | $37.9M | $12.5M | ||
| Q3 24 | $8.3M | $9.3M | ||
| Q2 24 | $24.8M | $21.9M | ||
| Q1 24 | $-3.1M | $2.0M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $-10.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $9.2M | ||
| Q2 24 | — | $21.7M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -9.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 1.72× | — | ||
| Q3 25 | -0.05× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.83× | 3.12× | ||
| 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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
