Filing Flows › Safehold (SAFE) › Operating margin
Safehold (SAFE) operating margin by quarter
Safehold's operating margin was 24.7% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026. Over the last 7 quarters it ranged from 23.0% (Q1 2026) to 27.4% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 24.7% | +0.1 pts | -1.2 pts |
| Q2 2026 | 24.6% | +1.6 pts | -0.8 pts |
| Q1 2026 | 23.0% | -4.3 pts | -2.9 pts |
| Q4 2025 | 27.4% | +1.5 pts | — |
| Q3 2025 | 25.9% | +0.4 pts | — |
| Q2 2025 | 25.5% | -0.4 pts | — |
| Q1 2025 | 25.9% | — | — |
Q3 2026 at a glance
Safehold, Q3 2026: revenue $119M (+23% year over year), operating margin 24.7%, net earnings $28.8M, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
Questions
What is Safehold's operating margin?
Safehold's operating margin was 24.7% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026.
How has Safehold's operating margin changed?
Over the last 7 quarters it ranged from 23.0% (Q1 2026) to 27.4% (Q4 2025).