COPT Defense Properties (CDP) Financial Statements & Analysis

COPT Defense Properties (CDP) Income Statement

COPT Defense Properties reported revenue of $763.92M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 1.4% from $753.27M a year earlier. Net income was $152.31M, up 2.3% year over year, a net margin of 19.9%. Gross margin was 15.4% and operating margin 30.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $197.39M, up 3.9% from the same quarter a year earlier.

COPT Defense Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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COPT Defense Properties income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	763.92	753.27	684.98	739.03	664.45	584.18	611.82	578.11	612.78
Cost of Revenue	646.07	492.91	453.75	518.62	454.97	258.41	420.42	394.59	422.99
Gross Profit	117.85	414.00	231.23	220.41	209.47	325.77	191.40	183.52	189.79
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	32.78	47.04	42.77	38.99	40.77	37.47	39.64	34.74	37.05
Operating Expenses	-112.52	47.04	42.77	38.99	40.77	35.81	39.97	34.74	37.05
Operating Income	230.37	213.32	188.46	181.42	168.70	289.96	151.43	144.53	134.23
Other Income/Expense
Interest Income	12.17	13.06	12.59	9.07	9.01	8.57	7.89	4.36	6.32
Interest Expense	88.15	83.77	71.14	61.17	65.40	67.94	71.05	75.39	76.98
Other Income/Expense	-69.89	-69.09	-203.67	20.38	-90.33	-189.00	43.71	-66.25	150.08
Income
Income Before Tax	160.48	144.23	-73.76	149.70	78.37	100.95	195.14	78.28	76.04
Income Tax Expense	0.95	0.29	0.59	0.45	0.15	0.35	-0.22	147.69	1.10
Net Income	152.32	148.96	-73.47	173.03	76.54	97.37	191.69	72.30	68.75
Net Income - Continuous Operations	152.32	143.94	-74.35	149.25	76.54	97.37	191.69	72.30	68.75
Net Income - Discontinued Operations	-	-	-	29.57	3.36	-	-	-	-
EBITDA	408.97	369.74	148.78	354.46	294.41	303.48	405.09	288.66	288.95
EBIT	245.72	213.72	-2.62	210.87	143.76	-	-	-	-
Depreciation & Amortization	161.83	156.02	151.40	143.59	150.64	140.03	138.90	139.06	136.50
Earnings Per Share
Basic EPS	1.00	1.00	-1.00	2.00	1.00	1.00	2.00	1.00	1.00
Diluted EPS	1.00	1.00	-1.00	2.00	1.00	1.00	2.00	1.00	1.00
Basic Shares Outstanding	112.52	112.30	112.18	112.07	111.96	111.79	111.20	104.13	99.21
Diluted Shares Outstanding	113.30	112.90	112.18	112.62	112.42	112.08	111.62	104.13	99.42

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About COPT Defense Properties Financial Statements

What was COPT Defense Properties's revenue in fiscal 2025?

COPT Defense Properties reported revenue of $763.92M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 1.4% from $753.27M a year earlier.

Is COPT Defense Properties profitable?

Yes. COPT Defense Properties earned net income of $152.31M in fiscal 2025, a net margin of 19.9%. In fiscal 2024 it earned $148.96M.

What is COPT Defense Properties's operating margin?

COPT Defense Properties's operating income was $230.37M on revenue of $763.92M in fiscal 2025, an operating margin of 30.2%, compared with 28.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition