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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	98.8%-0.1pp	98.8%+0.2pp	98.7%-18.9pp	117.6%+57.9pp
Operating margin	26.2%+2.4pp	23.8%—	——	59.7%+38.5pp
Net margin	29.7%+0.8pp	28.9%—	——	11.8%-29.2pp
EBITDA margin	28.4%+1.9pp	26.5%—	——	62.1%+21.7pp
Returns
Return on equity	4.8%+0.2pp	4.6%—	——	1.8%-12.9pp
Return on assets	1.6%0.0pp	1.6%—	——	0.5%-2.1pp
Return on invested capital	1.4%+0.1pp	1.3%—	——	3%+1.1pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0×0.0×
Leverage
Debt-to-equity	1.9×+0.1×	1.8×0.0×	1.8×+0.2×	1.6×-1.4×
Debt-to-assets	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×+0.1×
Net debt / EBITDA	41.8×-2.8×	44.5×—	——	24.9×+4.3×
Interest coverage	0.5×0.0×	0.4×—	——	1.1×+0.3×
Per Share
Book value per share	$33.55+2.3%	$32.81-1.9%	$33.46+35.5%	$24.70+101%
Valuation
Market capitalization	$1.13B+2.1%	$1.32B-20.6%	$1.66B-6.6%	$1.78B-60.6%
Enterprise value	$5.81B+6.9%	$5.64B-1.3%	$5.71B+8.1%	$5.29B-25.4%
Price / earnings	9.9×-0.7×	12.5×—	——	66.1×+30.4×
Price / sales	2.8×-0.2×	3.6×-1.1×	4.7×-3.1×	7.8×-6.8×
Price / book	0.5×0.0×	0.6×-0.2×	0.7×-0.1×	0.8×-4.5×
EV / EBITDA	53.1×-2.6×	58.1×—	——	37.5×-19.3×
EV / sales	14.6×-0.1×	15.4×-0.8×	16.2×-7.1×	23.3×+0.3×
Earnings yield	10.1%+0.7pp	8%—	——	1.5%-1.3pp
Dividend yield	4.5%-0.1pp	3.8%+1.1pp	2.8%+0.4pp	2.4%+1.6pp
PEG ratio	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.