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Safehold SAFE Gross margin

Gross margin at other companies

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100%+0.1pp
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33.3%+0.5pp
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Forestar GroupFOR
21.3%-1.6pp
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Sila Realty TrustSILA
88.4%+1.3pp
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100%0.0pp
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SBA CommunicationsSBAC
93%-2.0pp

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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Operating margin25.4%+1.6pp
Net margin28.6%+0.4pp
FCF margin-13.2%

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.

Based on trailing twelve months.

The official record: Safehold’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Safehold's gross margin?
Safehold (SAFE) reported gross margin of 98.8% in Q1 2026.
How has Safehold's gross margin changed year-over-year?
Safehold's gross margin decreased by 0.1% year-over-year, from 98.8% to 98.8%.
What is the long-term trend for Safehold's gross margin?
Over 4 years (2021 to 2025), Safehold's gross margin has grown at a 13.4% compound annual growth rate (CAGR), from 59.7% to 98.8%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.