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%-0.1pp	98.8%-0.1pp	98.8%0.0pp	98.9%+0.1pp	98.8%+0.1pp
Operating margin	25.4%—	26.2%—	25.5%—	——	——
Net margin	28.6%—	29.7%—	29.7%—	——	——
EBITDA margin	27.4%—	28.4%—	27.8%—	——	——
Returns
Return on equity	4.8%—	4.8%—	4.8%—	——	——
Return on assets	1.6%—	1.6%—	1.6%—	——	——
Return on invested capital	1.4%—	1.4%—	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×+0.1×	1.9×+0.1×	1.9×0.0×	1.9×+0.1×	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×—	41.8×—	42.7×—	——	——
Interest coverage	0.5×—	0.5×—	0.5×—	——	——
Per Share
Book value per share	$33.74+2.8%	$33.55+2.3%	$33.27+4.0%	$33.06+2.1%	$32.82+2.4%
Valuation
Market capitalization	$1.13B+2.1%	$982.34M-25.6%	$1.11B-40.7%	$1.12B-18.5%	$1.34B-8.6%
Enterprise value	$5.81B+6.9%	$5.55B-1.6%	$5.62B-8.8%	$5.56B-0.1%	$5.67B+1.1%
Price / earnings	9.9×-0.7×	8.6×—	9.9×—	——	——
Price / sales	2.8×-0.2×	2.5×-1.1×	2.9×-2.0×	3×-0.7×	3.6×-0.4×
Price / book	0.5×0.0×	0.4×-0.2×	0.5×-0.4×	0.5×-0.1×	0.6×-0.1×
EV / EBITDA	53.1×-2.6×	50.7×—	53.2×—	——	——
EV / sales	14.6×-0.1×	14.4×-1.0×	14.8×-1.6×	14.9×-0.1×	15.3×+0.1×
Earnings yield	10.1%+0.7pp	11.7%—	10.1%—	——	——
Dividend yield	4.5%-0.1pp	5.2%+1.4pp	4.6%+1.9pp	4.5%+1.0pp	3.8%+1.3pp

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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.