Safehold SAFE Ratios & Valuation
| 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 | |
| Returns | |||||
| Return on equity | 4.8%+0.2pp | 4.6%— | —— | 1.8%-12.9pp | |
| 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× | |
| Net debt / EBITDA | 41.8×-2.8× | 44.5×— | —— | 24.9×+4.3× | |
| 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+2.4% | $1.32B-20.6% | $1.66B-6.6% | $1.78B-60.6% | |
| Price / earnings | 9.9×-0.6× | 12.5×— | —— | 66.1×+30.4× | |
| Price / sales | 2.8×-0.1× | 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× | |
| Dividend yield | 4.5%-0.1pp | 3.8%+1.1pp | 2.8%+0.4pp | 2.4%+1.6pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
