Safehold annual operating margin
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2025
Safehold Operating Margin Growth & History (SAFE)
Safehold's operating margin was 26.17% for fiscal 2025.
View full Safehold company overviewSafehold annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 26.17% | +2.36 pp |
| 2024 | 2024-12-31 | 23.81% | +45.67 pp |
| 2023 | 2023-12-31 | −21.86% | −72.04 pp |
| 2022 | 2022-12-31 | 50.17% | +15.17 pp |
| 2021 | 2021-12-31 | 35.00% | +81.28 pp |
| 2020 | 2020-12-31 | −46.27% | +20.16 pp |
| 2019 | 2019-12-31 | −66.43% | −41.87 pp |
| 2018 | 2018-12-31 | −24.56% | −18.75 pp |
| 2017 | 2017-12-31 | −5.81% | +18.20 pp |
| 2016 | 2016-12-31 | −24.01% | +4.07 pp |
| 2015 | 2015-12-31 | −28.08% | +2.18 pp |
| 2014 | 2014-12-31 | −30.26% | +26.65 pp |
| 2013 | 2013-12-31 | −56.91% | +36.53 pp |
| 2012 | 2012-12-31 | −93.43% | −38.88 pp |
| 2011 | 2011-12-31 | −54.55% | +5.44 pp |
| 2010 | 2010-12-31 | −59.99% | +116.71 pp |
| 2009 | 2009-12-31 | −176.70% | — |
Safehold quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 24.65% | −0.84 pp |
| Q1 2026 | 2026-03-31 | 23.05% | −2.86 pp |
| Q4 2025 | 2025-12-31 | 27.38% | +2.76 pp |
| Q3 2025 | 2025-09-30 | 25.87% | +8.37 pp |
| Q2 2025 | 2025-06-30 | 25.49% | −1.20 pp |
| Q1 2025 | 2025-03-31 | 25.90% | −0.48 pp |
| Q4 2024 | 2024-12-31 | 24.63% | −9.23 pp |
| Q3 2024 | 2024-09-30 | 17.50% | +169.72 pp |
| Q2 2024 | 2024-06-30 | 26.69% | +8.21 pp |
| Q1 2024 | 2024-03-31 | 26.38% | +23.25 pp |
| Q4 2023 | 2023-12-31 | 33.86% | −30.19 pp |
| Q3 2023 | 2023-09-30 | −152.22% | −254.25 pp |
| Q2 2023 | 2023-06-30 | 18.48% | −13.05 pp |
| Q1 2023 | 2023-03-31 | 3.13% | −34.36 pp |
| Q4 2022 | 2022-12-31 | 64.05% | −220.44 pp |
| Q3 2022 | 2022-09-30 | 102.02% | +104.85 pp |
| Q2 2022 | 2022-06-30 | 31.53% | +118.73 pp |
| Q1 2022 | 2022-03-31 | 37.49% | +83.46 pp |
| Q4 2021 | 2021-12-31 | 284.49% | +236.93 pp |
| Q3 2021 | 2021-09-30 | −2.83% | +73.84 pp |
| Q2 2021 | 2021-06-30 | −87.19% | +63.44 pp |
| Q1 2021 | 2021-03-31 | −45.97% | +16.58 pp |
| Q4 2020 | 2020-12-31 | 47.56% | +142.66 pp |
| Q3 2020 | 2020-09-30 | −76.67% | −71.59 pp |
| Q2 2020 | 2020-06-30 | −150.64% | −119.49 pp |
| Q1 2020 | 2020-03-31 | −62.55% | −42.71 pp |
| Q4 2019 | 2019-12-31 | −95.11% | +7.56 pp |
| Q3 2019 | 2019-09-30 | −5.08% | +5.20 pp |
| Q2 2019 | 2019-06-30 | −31.15% | +0.73 pp |
| Q1 2019 | 2019-03-31 | −19.84% | −24.00 pp |
| Q4 2018 | 2018-12-31 | −102.67% | −48.65 pp |
| Q3 2018 | 2018-09-30 | −10.28% | +11.54 pp |
| Q2 2018 | 2018-06-30 | −31.88% | −53.60 pp |
| Q1 2018 | 2018-03-31 | 4.16% | +34.75 pp |
| Q4 2017 | 2017-12-31 | −54.01% | −18.26 pp |
| Q3 2017 | 2017-09-30 | −21.82% | −9.91 pp |
| Q2 2017 | 2017-06-30 | 21.72% | +43.39 pp |
| Q1 2017 | 2017-03-31 | −30.59% | −0.87 pp |
| Q4 2016 | 2016-12-31 | −35.76% | −19.27 pp |
| Q3 2016 | 2016-09-30 | −11.91% | +16.27 pp |
| Q2 2016 | 2016-06-30 | −21.66% | +20.52 pp |
| Q1 2016 | 2016-03-31 | −29.72% | +0.38 pp |
| Q4 2015 | 2015-12-31 | −16.48% | +23.12 pp |
| Q3 2015 | 2015-09-30 | −28.18% | +8.47 pp |
| Q2 2015 | 2015-06-30 | −42.19% | −25.63 pp |
| Q1 2015 | 2015-03-31 | −30.10% | +0.41 pp |
| Q4 2014 | 2014-12-31 | −39.60% | +15.51 pp |
| Q3 2014 | 2014-09-30 | −36.65% | +12.27 pp |
| Q2 2014 | 2014-06-30 | −16.55% | +33.08 pp |
| Q1 2014 | 2014-03-31 | −30.51% | +44.17 pp |
| Q4 2013 | 2013-12-31 | −55.11% | +51.22 pp |
| Q3 2013 | 2013-09-30 | −48.92% | +50.23 pp |
| Q2 2013 | 2013-06-30 | −49.63% | +42.88 pp |
| Q1 2013 | 2013-03-31 | −74.68% | +2.09 pp |
| Q4 2012 | 2012-12-31 | −106.33% | +12.31 pp |
| Q3 2012 | 2012-09-30 | −99.14% | −29.70 pp |
| Q2 2012 | 2012-06-30 | −92.51% | −66.30 pp |
| Q1 2012 | 2012-03-31 | −76.77% | −52.59 pp |
| Q4 2011 | 2011-12-31 | −118.65% | — |
| Q3 2011 | 2011-09-30 | −69.45% | +1.28 pp |
| Q2 2011 | 2011-06-30 | −26.21% | +72.64 pp |
| Q1 2011 | 2011-03-31 | −24.18% | — |
| Q3 2010 | 2010-09-30 | −70.73% | — |
| Q2 2010 | 2010-06-30 | −98.85% | — |
Safehold operating margin trends
Over the last five fiscal years, Safehold's operating margin increased from −46.27% to 26.17%, a change of +72.44 percentage points. The latest reported quarter, Q2 2026, shows 24.65%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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