What are Safehold's profit margins?

Safehold (SAFE) runs a 98.8% gross margin and a 25.4% operating margin, with a 28.6% net margin.

Where do Safehold's ratios come from?

Every ratio is computed from Safehold's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Safehold SAFE Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	98.8%0.0pp	98.8%-0.1pp	98.8%-0.1pp	98.9%+0.1pp	98.8%0.0pp
Operating margin	25.4%-0.8pp	26.2%+0.7pp	25.5%+2.0pp	23.4%-0.3pp	23.7%-0.1pp
Net margin	28.6%-1.1pp	29.7%0.0pp	29.7%+2.2pp	27.4%-0.8pp	28.2%-0.7pp
EBITDA margin	27.4%-1.0pp	28.4%+0.6pp	27.8%+1.9pp	25.9%-0.4pp	26.3%-0.2pp
Returns
Return on equity	4.8%0.0pp	4.8%0.0pp	4.8%+0.4pp	4.4%-0.1pp	4.5%-0.1pp
Return on assets	1.6%0.0pp	1.6%0.0pp	1.6%+0.1pp	1.5%-0.1pp	1.5%0.0pp
Return on invested capital	1.4%0.0pp	1.4%0.0pp	1.4%+0.1pp	1.3%0.0pp	1.3%0.0pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×
Debt-to-assets	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Net debt / EBITDA	42.8×+1.1×	41.8×-0.9×	42.7×-3.1×	45.7×+1.3×	44.5×-0.1×
Interest coverage	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.4×0.0×	0.4×0.0×
Per Share
Book value per share	$33.74+0.6%	$33.55+0.8%	$33.27+0.7%	$33.06+0.7%	$32.820.0%
Valuation
Market capitalization	$1.13B+2.1%	$982.34M-11.6%	$1.11B-0.7%	$1.12B-16.3%	$1.34B+1.3%
Enterprise value	$5.81B+6.9%	$5.55B-1.2%	$5.62B+1.1%	$5.56B-2.0%	$5.67B+0.6%
Price / earnings	9.9×-0.7×	8.6×-1.3×	9.9×-1.0×	10.9×-1.9×	12.8×+0.3×
Price / sales	2.8×-0.2×	2.5×-0.4×	2.9×-0.1×	3×-0.6×	3.6×0.0×
Price / book	0.5×0.0×	0.4×-0.1×	0.5×0.0×	0.5×-0.1×	0.6×0.0×
EV / EBITDA	53.1×-2.6×	50.7×-2.5×	53.2×-4.1×	57.3×-0.9×	58.2×+0.1×
EV / sales	14.6×-0.1×	14.4×-0.4×	14.8×0.0×	14.9×-0.5×	15.3×-0.1×
Earnings yield	10.1%+0.7pp	11.7%+1.5pp	10.1%+1.0pp	9.2%+1.4pp	7.8%-0.2pp
Dividend yield	4.5%-0.1pp	5.2%+0.6pp	4.6%0.0pp	4.5%+0.8pp	3.8%0.0pp
PEG ratio	1.1×—	1×—	——	——	——

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Questions, answered.

What are Safehold's profit margins?: Safehold (SAFE) runs a 98.8% gross margin and a 25.4% operating margin, with a 28.6% net margin.
Where do Safehold's ratios come from?: Every ratio is computed from Safehold's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.