Copt Defense (CDP) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
187.9M
Gross Profit
66.8M
35.53%
Operating Income
54.6M
29.06%
Net Income
36.2M
19.28%
EPS (Diluted)
$0.31
Balance Sheet Metrics
Total Assets
4.3B
Total Liabilities
2.7B
Shareholders Equity
1.6B
Debt to Equity
1.72
Cash Flow Metrics
Operating Cash Flow
72.4M
Free Cash Flow
65.1M
Revenue & Profitability Trend
Copt Defense Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 753.3M | 685.0M | 739.0M | 664.4M | 582.4M |
| Cost of Goods Sold | 492.9M | 453.8M | 518.6M | 455.0M | 384.9M |
| Gross Profit | 260.4M | 231.2M | 220.4M | 209.5M | 197.4M |
| Gross Margin % | 34.6% | 33.8% | 29.8% | 31.5% | 33.9% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 47.0M | 42.8M | 39.0M | 40.8M | 37.5M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 47.0M | 42.8M | 39.0M | 40.8M | 37.5M |
| Operating Income | 213.3M | 188.5M | 181.4M | 168.7M | 160.9M |
| Operating Margin % | 28.3% | 27.5% | 24.5% | 25.4% | 27.6% |
| Non-Operating Items | |||||
| Interest Income | 17.0M | 16.5M | 9.1M | 9.0M | 8.6M |
| Interest Expense | 83.8M | 72.5M | 61.2M | 65.4M | 67.9M |
| Other Non-Operating Income | 397.0K | -203.7M | 20.4M | -33.9M | -582.0K |
| Pre-tax Income | 144.2M | -73.8M | 149.7M | 78.4M | 101.0M |
| Income Tax | 288.0K | 588.0K | 447.0K | 145.0K | 353.0K |
| Effective Tax Rate % | 0.2% | 0.0% | 0.3% | 0.2% | 0.3% |
| Net Income | 143.9M | -74.3M | 178.8M | 81.6M | 102.9M |
| Net Margin % | 19.1% | -10.9% | 24.2% | 12.3% | 17.7% |
| Key Metrics | |||||
| EBITDA | 384.0M | 353.5M | 335.8M | 329.4M | 311.3M |
| EPS (Basic) | $1.24 | $-0.65 | $1.54 | $0.68 | $0.87 |
| EPS (Diluted) | $1.23 | $-0.67 | $1.53 | $0.68 | $0.87 |
| Basic Shares Outstanding | 112296000 | 112178000 | 112073000 | 111788000 | 111788000 |
| Diluted Shares Outstanding | 112296000 | 112178000 | 112073000 | 111788000 | 111788000 |
Income Statement Trend
Copt Defense Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 38.3M | 167.8M | 12.3M | 13.3M | 18.4M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 203.7M | 198.2M | 168.5M | 149.7M | 133.5M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 81.6M | 82.0M | 96.6M | - | - |
| Total Current Assets | 393.3M | 529.6M | 523.3M | 465.9M | 445.8M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | - | - | 10.0M | 14.6M | 19.2M |
| Intangible Assets | - | - | 10.0M | 14.6M | 19.2M |
| Long-term Investments | - | - | 2.6M | 355.0K | - |
| Other Non-Current Assets | 135.3M | 131.4M | 119.1M | 144.3M | 111.0M |
| Total Non-Current Assets | 3.9B | 3.7B | 3.7B | 3.8B | 3.6B |
| Total Assets | 4.3B | 4.2B | 4.3B | 4.3B | 4.1B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 126.0M | 133.3M | 158.0M | 186.2M | 142.7M |
| Short-term Debt | 75.0M | 75.0M | 211.0M | 76.0M | 143.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 313.3M | 305.4M | 441.4M | 335.1M | 361.2M |
| Non-Current Liabilities | |||||
| Long-term Debt | 2.4B | 2.4B | 2.0B | 2.2B | 2.0B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 14.4M | 19.0M | 18.6M | 17.7M | 12.5M |
| Total Non-Current Liabilities | 2.4B | 2.4B | 2.1B | 2.2B | 2.0B |
| Total Liabilities | 2.7B | 2.7B | 2.5B | 2.6B | 2.4B |
| Equity | |||||
| Common Stock | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M |
| Retained Earnings | -1.0B | -1.0B | -807.5M | -856.9M | -809.8M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 1.6B | 1.5B | 1.7B | 1.7B | 1.7B |
| Key Metrics | |||||
| Total Debt | 2.4B | 2.5B | 2.3B | 2.3B | 2.1B |
| Working Capital | 80.0M | 224.1M | 81.9M | 130.8M | 84.6M |
Balance Sheet Composition
Copt Defense Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 143.9M | -74.3M | 178.8M | 81.6M | 102.9M |
| Depreciation & Amortization | 156.0M | 151.4M | 143.6M | 150.6M | 140.0M |
| Stock-Based Compensation | 10.4M | 8.5M | 8.8M | 8.0M | 6.5M |
| Working Capital Changes | 2.9M | -8.0M | -13.7M | 20.2M | -18.0K |
| Operating Cash Flow | 331.0M | 72.9M | 313.6M | 241.5M | 243.6M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | - | - | 0 | 0 | 59.8M |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -11.3M | -7.8M | -28.0M | -28.0M | 46.4M |
| Financing Activities | |||||
| Share Repurchases | - | - | 0 | 0 | -8.8M |
| Dividends Paid | -131.8M | -127.2M | -123.6M | -123.5M | -123.4M |
| Debt Issuance | 76.0M | 627.4M | 977.0M | 1.4B | 602.2M |
| Debt Repayment | -106.0M | -446.0M | -1.0B | -1.9B | -1.0B |
| Financing Cash Flow | -169.7M | -89.7M | -48.2M | -714.9M | -606.7M |
| Free Cash Flow | 299.6M | 255.8M | 229.4M | 219.1M | 205.7M |
| Net Change in Cash | 150.0M | -24.6M | 237.4M | -501.4M | -316.7M |
Cash Flow Trend
Copt Defense Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
22.79
Forward P/E
22.09
Price to Book
2.18
Price to Sales
4.44
PEG Ratio
2.52
Profitability Ratios
Profit Margin
19.20%
Operating Margin
31.53%
Return on Equity
9.63%
Return on Assets
3.29%
Financial Health
Current Ratio
2.72
Debt to Equity
158.47
Beta
0.89
Per Share Data
EPS (TTM)
$1.27
Book Value per Share
$13.29
Revenue per Share
$6.69
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| cdp | 3.3B | 22.79 | 2.18 | 9.63% | 19.20% | 158.47 |
| Alexandria Real | 13.8B | 103.80 | 0.80 | 0.78% | -0.33% | 62.83 |
| Boston Properties | 12.3B | 3,468.50 | 2.09 | 0.95% | 0.15% | 211.34 |
| Vornado Realty Trust | 7.9B | 9.40 | 1.49 | 13.40% | 46.29% | 112.05 |
| Kilroy Realty | 4.6B | 21.12 | 0.86 | 4.38% | 19.29% | 84.49 |
| Cousins Properties | 4.6B | 74.53 | 0.97 | 1.31% | 6.56% | 73.46 |
Financial data is updated regularly. All figures are in the company's reporting currency.