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Side-by-side financial comparison of SAFETY INSURANCE GROUP INC (SAFT) and SILVERCORP METALS INC (SVM). Click either name above to swap in a different company.

SAFETY INSURANCE GROUP INC is the larger business by last-quarter revenue ($319.3M vs $223.8M, roughly 1.4× SILVERCORP METALS INC). SAFETY INSURANCE GROUP INC runs the higher net margin — 6.3% vs -1.3%, a 7.6% gap on every dollar of revenue. Over the past eight quarters, SILVERCORP METALS INC's revenue compounded faster (87.6% CAGR vs 9.1%).

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 24,000 employees, and is ranked No. 72 in the 2025 Fortune 500 list.

Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China-focused precious metals company engaged in the acquisition, exploration, and development of silver-containing properties.

SAFT vs SVM — Head-to-Head

Bigger by revenue
SAFT
SAFT
1.4× larger
SAFT
$319.3M
$223.8M
SVM
Higher net margin
SAFT
SAFT
7.6% more per $
SAFT
6.3%
-1.3%
SVM
Faster 2-yr revenue CAGR
SVM
SVM
Annualised
SVM
87.6%
9.1%
SAFT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
SAFT
SAFT
SVM
SVM
Revenue
$319.3M
$223.8M
Net Profit
$20.1M
$-2.9M
Gross Margin
Operating Margin
8.0%
Net Margin
6.3%
-1.3%
Revenue YoY
11.4%
Net Profit YoY
147.3%
EPS (diluted)
$1.36

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
SAFT
SAFT
SVM
SVM
Q4 25
$319.3M
$223.8M
Q3 25
$326.6M
Q2 25
$316.3M
$72.2M
Q1 25
$301.4M
Q4 24
$286.7M
$172.5M
Q3 24
$295.3M
$114.0M
Q2 24
$269.8M
$60.0M
Q1 24
$268.2M
Net Profit
SAFT
SAFT
SVM
SVM
Q4 25
$20.1M
$-2.9M
Q3 25
$28.3M
Q2 25
$28.9M
$28.1M
Q1 25
$21.9M
Q4 24
$8.1M
$42.1M
Q3 24
$25.9M
$28.0M
Q2 24
$16.6M
$13.2M
Q1 24
$20.1M
Operating Margin
SAFT
SAFT
SVM
SVM
Q4 25
8.0%
Q3 25
11.1%
Q2 25
11.6%
Q1 25
9.4%
Q4 24
3.5%
30.5%
Q3 24
11.1%
30.7%
Q2 24
7.9%
30.0%
Q1 24
9.5%
Net Margin
SAFT
SAFT
SVM
SVM
Q4 25
6.3%
-1.3%
Q3 25
8.7%
Q2 25
9.1%
39.0%
Q1 25
7.3%
Q4 24
2.8%
24.4%
Q3 24
8.8%
24.5%
Q2 24
6.2%
22.0%
Q1 24
7.5%
EPS (diluted)
SAFT
SAFT
SVM
SVM
Q4 25
$1.36
Q3 25
$1.91
Q2 25
$1.95
Q1 25
$1.48
Q4 24
$0.56
Q3 24
$1.73
Q2 24
$1.13
Q1 24
$1.36

Balance Sheet & Financial Strength

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

Metric
SAFT
SAFT
SVM
SVM
Cash + ST InvestmentsLiquidity on hand
$73.9M
Total DebtLower is stronger
$50.0M
Stockholders' EquityBook value
$892.3M
Total Assets
$2.5B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAFT
SAFT
SVM
SVM
Q4 25
$73.9M
Q3 25
$56.2M
Q2 25
$49.4M
Q1 25
$64.7M
Q4 24
$59.0M
Q3 24
$82.3M
Q2 24
$44.6M
Q1 24
$30.8M
Total Debt
SAFT
SAFT
SVM
SVM
Q4 25
$50.0M
Q3 25
$30.0M
Q2 25
$30.0M
Q1 25
$30.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SAFT
SAFT
SVM
SVM
Q4 25
$892.3M
Q3 25
$899.6M
Q2 25
$873.3M
Q1 25
$850.7M
Q4 24
$828.5M
Q3 24
$851.4M
Q2 24
$810.2M
Q1 24
$807.1M
Total Assets
SAFT
SAFT
SVM
SVM
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.2B
Q1 24
$2.1B
Debt / Equity
SAFT
SAFT
SVM
SVM
Q4 25
0.06×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SAFT
SAFT
SVM
SVM
Operating Cash FlowLast quarter
$194.5M
$107.9M
Free Cash FlowOCF − Capex
$192.0M
FCF MarginFCF / Revenue
60.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
9.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SAFT
SAFT
SVM
SVM
Q4 25
$194.5M
$107.9M
Q3 25
$85.5M
Q2 25
$32.3M
$40.0M
Q1 25
$3.2M
Q4 24
$128.7M
$81.3M
Q3 24
$73.8M
$57.7M
Q2 24
$25.6M
$28.9M
Q1 24
$-21.1M
Free Cash Flow
SAFT
SAFT
SVM
SVM
Q4 25
$192.0M
Q3 25
Q2 25
$32.3M
Q1 25
$2.8M
Q4 24
$124.3M
Q3 24
$73.2M
$33.8M
Q2 24
$25.0M
$17.0M
Q1 24
$-24.2M
FCF Margin
SAFT
SAFT
SVM
SVM
Q4 25
60.1%
Q3 25
Q2 25
10.2%
Q1 25
0.9%
Q4 24
43.4%
Q3 24
24.8%
29.6%
Q2 24
9.3%
28.3%
Q1 24
-9.0%
Capex Intensity
SAFT
SAFT
SVM
SVM
Q4 25
0.8%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
1.5%
Q3 24
0.2%
21.0%
Q2 24
0.2%
19.8%
Q1 24
1.1%
Cash Conversion
SAFT
SAFT
SVM
SVM
Q4 25
9.67×
Q3 25
3.02×
Q2 25
1.12×
1.42×
Q1 25
0.14×
Q4 24
15.83×
1.93×
Q3 24
2.85×
2.06×
Q2 24
1.54×
2.19×
Q1 24
-1.05×

Financial Flow Comparison

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

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