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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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%—	——	——
Net margin	28.6%-1.1pp	29.7%0.0pp	29.7%—	——	——
EBITDA margin	27.4%-1.0pp	28.4%+0.6pp	27.8%—	——	——
Returns
Return on equity	4.8%0.0pp	4.8%0.0pp	4.8%—	——	——
Return on assets	1.6%0.0pp	1.6%0.0pp	1.6%—	——	——
Return on invested capital	1.4%0.0pp	1.4%0.0pp	1.4%—	——	——
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×—	——	——
Interest coverage	0.5×0.0×	0.5×0.0×	0.5×—	——	——
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×—	——	——
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×—	——	——
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%—	——	——
Dividend yield	4.5%-0.1pp	5.2%+0.6pp	4.6%0.0pp	4.5%+0.8pp	3.8%0.0pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Safehold.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.