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Side-by-side financial comparison of COPT DEFENSE PROPERTIES (CDP) and Opera Ltd (OPRA). Click either name above to swap in a different company.

COPT DEFENSE PROPERTIES is the larger business by last-quarter revenue ($197.4M vs $142.7M, roughly 1.4× Opera Ltd). COPT DEFENSE PROPERTIES runs the higher net margin — 20.0% vs 12.8%, a 7.2% gap on every dollar of revenue.

COPT Defense Properties is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2024, the company owned 164 office buildings comprising 16.5 million square feet and 31 single-tenant data centers comprising 5.9 million square feet.

Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.

CDP vs OPRA — Head-to-Head

Bigger by revenue
CDP
CDP
1.4× larger
CDP
$197.4M
$142.7M
OPRA
Higher net margin
CDP
CDP
7.2% more per $
CDP
20.0%
12.8%
OPRA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
CDP
CDP
OPRA
OPRA
Revenue
$197.4M
$142.7M
Net Profit
$39.4M
$18.3M
Gross Margin
Operating Margin
19.9%
14.8%
Net Margin
20.0%
12.8%
Revenue YoY
7.6%
Net Profit YoY
8.0%
EPS (diluted)
$0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CDP
CDP
OPRA
OPRA
Q4 25
$197.4M
Q3 25
$188.8M
Q2 25
$189.9M
Q1 25
$187.9M
$142.7M
Q4 24
$183.4M
Q3 24
$189.2M
Q2 24
$187.3M
$211.6M
Q1 24
$193.3M
Net Profit
CDP
CDP
OPRA
OPRA
Q4 25
$39.4M
Q3 25
$43.7M
Q2 25
$40.2M
Q1 25
$36.2M
$18.3M
Q4 24
$36.5M
Q3 24
$37.4M
Q2 24
$36.4M
$34.1M
Q1 24
$33.7M
Operating Margin
CDP
CDP
OPRA
OPRA
Q4 25
19.9%
Q3 25
22.5%
Q2 25
21.0%
Q1 25
19.1%
14.8%
Q4 24
19.7%
Q3 24
19.8%
Q2 24
19.4%
19.6%
Q1 24
17.5%
Net Margin
CDP
CDP
OPRA
OPRA
Q4 25
20.0%
Q3 25
23.2%
Q2 25
21.1%
Q1 25
19.3%
12.8%
Q4 24
19.9%
Q3 24
19.8%
Q2 24
19.4%
16.1%
Q1 24
17.4%
EPS (diluted)
CDP
CDP
OPRA
OPRA
Q4 25
$0.32
Q3 25
$0.37
Q2 25
$0.34
Q1 25
$0.31
Q4 24
$0.31
Q3 24
$0.32
Q2 24
$0.31
Q1 24
$0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDP
CDP
OPRA
OPRA
Cash + ST InvestmentsLiquidity on hand
$275.0M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$1.5B
Total Assets
$4.7B
Debt / EquityLower = less leverage
1.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDP
CDP
OPRA
OPRA
Q4 25
$275.0M
Q3 25
$23.7M
Q2 25
$21.3M
Q1 25
$24.3M
Q4 24
$38.3M
Q3 24
$34.5M
Q2 24
$100.4M
Q1 24
$123.1M
Total Debt
CDP
CDP
OPRA
OPRA
Q4 25
$2.8B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Stockholders' Equity
CDP
CDP
OPRA
OPRA
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
CDP
CDP
OPRA
OPRA
Q4 25
$4.7B
Q3 25
$4.4B
Q2 25
$4.3B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.2B
Q2 24
$4.2B
Q1 24
$4.2B
Debt / Equity
CDP
CDP
OPRA
OPRA
Q4 25
1.83×
Q3 25
1.62×
Q2 25
1.63×
Q1 25
1.62×
Q4 24
1.60×
Q3 24
1.61×
Q2 24
1.61×
Q1 24
1.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CDP
CDP
OPRA
OPRA
Operating Cash FlowLast quarter
$309.9M
Free Cash FlowOCF − Capex
$288.9M
FCF MarginFCF / Revenue
146.4%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
7.87×
TTM Free Cash FlowTrailing 4 quarters
$501.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDP
CDP
OPRA
OPRA
Q4 25
$309.9M
Q3 25
$68.6M
Q2 25
$87.9M
Q1 25
$72.1M
Q4 24
$331.0M
Q3 24
$65.1M
Q2 24
$93.8M
Q1 24
$71.0M
Free Cash Flow
CDP
CDP
OPRA
OPRA
Q4 25
$288.9M
Q3 25
$62.9M
Q2 25
$84.5M
Q1 25
$65.1M
Q4 24
$299.6M
Q3 24
$61.0M
Q2 24
$88.4M
Q1 24
$57.9M
FCF Margin
CDP
CDP
OPRA
OPRA
Q4 25
146.4%
Q3 25
33.3%
Q2 25
44.5%
Q1 25
34.7%
Q4 24
163.3%
Q3 24
32.3%
Q2 24
47.2%
Q1 24
30.0%
Capex Intensity
CDP
CDP
OPRA
OPRA
Q4 25
10.7%
Q3 25
3.0%
Q2 25
1.8%
Q1 25
3.7%
Q4 24
17.1%
Q3 24
2.1%
Q2 24
2.9%
Q1 24
6.8%
Cash Conversion
CDP
CDP
OPRA
OPRA
Q4 25
7.87×
Q3 25
1.57×
Q2 25
2.19×
Q1 25
1.99×
Q4 24
9.08×
Q3 24
1.74×
Q2 24
2.58×
Q1 24
2.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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