What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Safehold SAFE Free cash flow margin

Discontinued — last reported Q3 '16

Free cash flow margin at other companies

Service Properties TrustSVC

-4.2%-24.7pp

LTC PropertiesLTC

41.6%-16.6pp

Forestar GroupFOR

-3.4%-23.4pp

NetSTREITNTST

55.1%-3.7pp

Gaming and Leisure PropertiesGLPI

45.9%-22.0pp

Omega Healthcare InvestorsOHI

68.2%+1.0pp

Other financials

Income statement

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Revenue$110.9M+13.5%

Gross profit$109.5M+13.5%

Operating income$25.5M+1.0%

Net income$28.9M-1.7%

EPS (diluted)$0.40-2.4%

Balance sheet

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Cash & equivalents$19.3M+11.6%

Total debt$4.7B+8.1%

Total equity$2.4B+3.3%

Total assets$7.4B+6.5%

Cash flow

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Operating cash flow-$8.6M-197%

Valuation

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Market cap$1.13B+2.4%

Enterprise value$5.81B+6.9%

P/E9.9×-0.6×

P/S2.8×-0.1×

Profitability

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Gross margin98.8%-0.1pp

Operating margin25.4%+1.6pp

Net margin28.6%+0.4pp

Returns & leverage

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Return on equity4.8%+0.3pp

Debt / equity1.9×+0.1×

Where this comes from

Calculated from Safehold’s reported figures.

free cash flow/total revenue=-13.2%

Based on trailing twelve months.

The official record: Safehold’s 10-Q, filed November 2, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.