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COPT DEFENSE PROPERTIES（CDP）与CSW INDUSTRIALS, INC.（CSW）财务数据对比。点击上方公司名可切换其他公司
CSW INDUSTRIALS, INC.的季度营收约是COPT DEFENSE PROPERTIES的1.2倍（$233.0M vs $197.4M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs 4.4%，领先15.6%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 7.6%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $22.7M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs 1.1%）
COPT Defense Properties是一家专业房地产投资信托基金，重点投资写字楼物业，资产主要布局于华盛顿大都会区的近郊区域，核心租户为美国政府及国防军工行业企业。截至2024年12月31日，公司旗下共持有164栋写字楼，总面积达1650万平方英尺，同时运营31个单租户数据中心，总面积590万平方英尺。
CDP vs CSW — 直观对比
营收规模更大
CSW
是对方的1.2倍
$197.4M
营收增速更快
CSW
高出12.7%
7.6%
净利率更高
CDP
高出15.6%
4.4%
自由现金流更多
CDP
多$266.1M
$22.7M
两年增速更快
CSW
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $233.0M |
| 净利润 | $39.4M | $10.3M |
| 毛利率 | — | 39.7% |
| 营业利润率 | 19.9% | 7.4% |
| 净利率 | 20.0% | 4.4% |
| 营收同比 | 7.6% | 20.3% |
| 净利润同比 | 8.0% | -61.9% |
| 每股收益（稀释后） | $0.32 | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CDPCSW
| Q4 25 | $197.4M | $233.0M | ||
| Q3 25 | $188.8M | $277.0M | ||
| Q2 25 | $189.9M | $263.6M | ||
| Q1 25 | $187.9M | $230.5M | ||
| Q4 24 | $183.4M | $193.6M | ||
| Q3 24 | $189.2M | $227.9M | ||
| Q2 24 | $187.3M | $226.2M | ||
| Q1 24 | $193.3M | $210.9M |
净利润CDPCSW
| Q4 25 | $39.4M | $10.3M | ||
| Q3 25 | $43.7M | $40.7M | ||
| Q2 25 | $40.2M | $40.9M | ||
| Q1 25 | $36.2M | $35.1M | ||
| Q4 24 | $36.5M | $26.9M | ||
| Q3 24 | $37.4M | $36.1M | ||
| Q2 24 | $36.4M | $38.6M | ||
| Q1 24 | $33.7M | $31.8M |
毛利率CDPCSW
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 44.4% |
营业利润率CDPCSW
| Q4 25 | 19.9% | 7.4% | ||
| Q3 25 | 22.5% | 20.5% | ||
| Q2 25 | 21.0% | 20.8% | ||
| Q1 25 | 19.1% | 19.5% | ||
| Q4 24 | 19.7% | 15.3% | ||
| Q3 24 | 19.8% | 22.6% | ||
| Q2 24 | 19.4% | 24.3% | ||
| Q1 24 | 17.5% | 21.0% |
净利率CDPCSW
| Q4 25 | 20.0% | 4.4% | ||
| Q3 25 | 23.2% | 14.7% | ||
| Q2 25 | 21.1% | 15.5% | ||
| Q1 25 | 19.3% | 15.2% | ||
| Q4 24 | 19.9% | 13.9% | ||
| Q3 24 | 19.8% | 15.8% | ||
| Q2 24 | 19.4% | 17.1% | ||
| Q1 24 | 17.4% | 15.1% |
每股收益（稀释后）CDPCSW
| Q4 25 | $0.32 | $0.62 | ||
| Q3 25 | $0.37 | $2.41 | ||
| Q2 25 | $0.34 | $2.43 | ||
| Q1 25 | $0.31 | $2.05 | ||
| Q4 24 | $0.31 | $1.60 | ||
| Q3 24 | $0.32 | $2.26 | ||
| Q2 24 | $0.31 | $2.47 | ||
| Q1 24 | $0.29 | $2.03 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $275.0M | $40.2M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $1.5B | $1.1B |
| 总资产 | $4.7B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.83× | — |
8季度趋势，按日历期对齐
现金及短期投资CDPCSW
| Q4 25 | $275.0M | $40.2M | ||
| Q3 25 | $23.7M | $31.5M | ||
| Q2 25 | $21.3M | $38.0M | ||
| Q1 25 | $24.3M | $225.8M | ||
| Q4 24 | $38.3M | $213.8M | ||
| Q3 24 | $34.5M | $273.2M | ||
| Q2 24 | $100.4M | $18.9M | ||
| Q1 24 | $123.1M | $22.2M |
总债务CDPCSW
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | $800.1M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | $166.0M |
股东权益CDPCSW
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $650.2M | ||
| Q1 24 | $1.5B | $615.7M |
总资产CDPCSW
| Q4 25 | $4.7B | $2.3B | ||
| Q3 25 | $4.4B | $1.5B | ||
| Q2 25 | $4.3B | $1.5B | ||
| Q1 25 | $4.3B | $1.4B | ||
| Q4 24 | $4.3B | $1.4B | ||
| Q3 24 | $4.2B | $1.4B | ||
| Q2 24 | $4.2B | $1.1B | ||
| Q1 24 | $4.2B | $1.0B |
负债/权益比CDPCSW
| Q4 25 | 1.83× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 1.62× | 0.75× | ||
| Q4 24 | 1.60× | — | ||
| Q3 24 | 1.61× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | 1.63× | 0.27× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $309.9M | $28.9M |
| 自由现金流经营现金流 - 资本支出 | $288.9M | $22.7M |
| 自由现金流率自由现金流/营收 | 146.4% | 9.8% |
| 资本支出强度资本支出/营收 | 10.7% | 2.6% |
| 现金转化率经营现金流/净利润 | 7.87× | 2.81× |
| 过去12个月自由现金流最近4个季度 | $501.5M | $162.0M |
8季度趋势，按日历期对齐
经营现金流CDPCSW
| Q4 25 | $309.9M | $28.9M | ||
| Q3 25 | $68.6M | $61.8M | ||
| Q2 25 | $87.9M | $60.6M | ||
| Q1 25 | $72.1M | $27.3M | ||
| Q4 24 | $331.0M | $11.6M | ||
| Q3 24 | $65.1M | $66.8M | ||
| Q2 24 | $93.8M | $62.7M | ||
| Q1 24 | $71.0M | $22.4M |
自由现金流CDPCSW
| Q4 25 | $288.9M | $22.7M | ||
| Q3 25 | $62.9M | $58.7M | ||
| Q2 25 | $84.5M | $57.7M | ||
| Q1 25 | $65.1M | $22.8M | ||
| Q4 24 | $299.6M | $8.5M | ||
| Q3 24 | $61.0M | $61.3M | ||
| Q2 24 | $88.4M | $59.6M | ||
| Q1 24 | $57.9M | $17.5M |
自由现金流率CDPCSW
| Q4 25 | 146.4% | 9.8% | ||
| Q3 25 | 33.3% | 21.2% | ||
| Q2 25 | 44.5% | 21.9% | ||
| Q1 25 | 34.7% | 9.9% | ||
| Q4 24 | 163.3% | 4.4% | ||
| Q3 24 | 32.3% | 26.9% | ||
| Q2 24 | 47.2% | 26.3% | ||
| Q1 24 | 30.0% | 8.3% |
资本支出强度CDPCSW
| Q4 25 | 10.7% | 2.6% | ||
| Q3 25 | 3.0% | 1.1% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 3.7% | 2.0% | ||
| Q4 24 | 17.1% | 1.6% | ||
| Q3 24 | 2.1% | 2.4% | ||
| Q2 24 | 2.9% | 1.4% | ||
| Q1 24 | 6.8% | 2.3% |
现金转化率CDPCSW
| Q4 25 | 7.87× | 2.81× | ||
| Q3 25 | 1.57× | 1.52× | ||
| Q2 25 | 2.19× | 1.48× | ||
| Q1 25 | 1.99× | 0.78× | ||
| Q4 24 | 9.08× | 0.43× | ||
| Q3 24 | 1.74× | 1.85× | ||
| Q2 24 | 2.58× | 1.62× | ||
| Q1 24 | 2.11× | 0.71× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CDP
暂无分部数据
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
