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COPT DEFENSE PROPERTIES（CDP）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
COPT DEFENSE PROPERTIES的季度营收约是FTAI Infrastructure Inc.的1.4倍（$197.4M vs $143.5M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs -68.1%，领先88.1%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 7.6%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% 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。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
CDP vs FIP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $143.5M |
| 净利润 | $39.4M | $-97.7M |
| 毛利率 | — | — |
| 营业利润率 | 19.9% | -45.7% |
| 净利率 | 20.0% | -68.1% |
| 营收同比 | 7.6% | 77.7% |
| 净利润同比 | 8.0% | 21.6% |
| 每股收益（稀释后） | $0.32 | $-1.04 |
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
| Q4 25 | $197.4M | $143.5M | ||
| Q3 25 | $188.8M | $140.6M | ||
| Q2 25 | $189.9M | $122.3M | ||
| Q1 25 | $187.9M | $96.2M | ||
| Q4 24 | $183.4M | $80.8M | ||
| Q3 24 | $189.2M | $83.3M | ||
| Q2 24 | $187.3M | $84.9M | ||
| Q1 24 | $193.3M | $82.5M |
| Q4 25 | $39.4M | $-97.7M | ||
| Q3 25 | $43.7M | $-104.5M | ||
| Q2 25 | $40.2M | $-70.0M | ||
| Q1 25 | $36.2M | $120.2M | ||
| Q4 24 | $36.5M | $-124.7M | ||
| Q3 24 | $37.4M | $-43.0M | ||
| Q2 24 | $36.4M | $-48.1M | ||
| Q1 24 | $33.7M | $-50.3M |
| Q4 25 | 19.9% | -45.7% | ||
| Q3 25 | 22.5% | -70.8% | ||
| Q2 25 | 21.0% | -56.4% | ||
| Q1 25 | 19.1% | 81.8% | ||
| Q4 24 | 19.7% | -152.7% | ||
| Q3 24 | 19.8% | -51.7% | ||
| Q2 24 | 19.4% | -56.4% | ||
| Q1 24 | 17.5% | -58.8% |
| Q4 25 | 20.0% | -68.1% | ||
| Q3 25 | 23.2% | -74.4% | ||
| Q2 25 | 21.1% | -57.2% | ||
| Q1 25 | 19.3% | 125.0% | ||
| Q4 24 | 19.9% | -154.4% | ||
| Q3 24 | 19.8% | -51.6% | ||
| Q2 24 | 19.4% | -56.7% | ||
| Q1 24 | 17.4% | -60.9% |
| Q4 25 | $0.32 | $-1.04 | ||
| Q3 25 | $0.37 | $-1.38 | ||
| Q2 25 | $0.34 | $-0.73 | ||
| Q1 25 | $0.31 | $0.89 | ||
| Q4 24 | $0.31 | $-1.21 | ||
| Q3 24 | $0.32 | $-0.45 | ||
| Q2 24 | $0.31 | $-0.52 | ||
| Q1 24 | $0.29 | $-0.54 |
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 | $57.4M |
| 总债务越低越好 | $2.8B | $3.8B |
| 股东权益账面价值 | $1.5B | $21.3M |
| 总资产 | $4.7B | $5.7B |
| 负债/权益比越低杠杆越低 | 1.83× | 176.99× |
8季度趋势，按日历期对齐
| Q4 25 | $275.0M | $57.4M | ||
| Q3 25 | $23.7M | $34.7M | ||
| Q2 25 | $21.3M | $33.6M | ||
| Q1 25 | $24.3M | $26.3M | ||
| Q4 24 | $38.3M | $27.8M | ||
| Q3 24 | $34.5M | $20.3M | ||
| Q2 24 | $100.4M | $33.1M | ||
| Q1 24 | $123.1M | $23.0M |
| Q4 25 | $2.8B | $3.8B | ||
| Q3 25 | $2.4B | $3.7B | ||
| Q2 25 | $2.4B | $3.1B | ||
| Q1 25 | $2.4B | $2.8B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.4B | $1.6B | ||
| Q1 24 | $2.4B | $1.3B |
| Q4 25 | $1.5B | $21.3M | ||
| Q3 25 | $1.5B | $181.1M | ||
| Q2 25 | $1.5B | $375.5M | ||
| Q1 25 | $1.5B | $476.2M | ||
| Q4 24 | $1.5B | $202.7M | ||
| Q3 24 | $1.5B | $370.8M | ||
| Q2 24 | $1.5B | $394.8M | ||
| Q1 24 | $1.5B | $402.5M |
| Q4 25 | $4.7B | $5.7B | ||
| Q3 25 | $4.4B | $5.5B | ||
| Q2 25 | $4.3B | $4.4B | ||
| Q1 25 | $4.3B | $4.1B | ||
| Q4 24 | $4.3B | $2.4B | ||
| Q3 24 | $4.2B | $2.4B | ||
| Q2 24 | $4.2B | $2.5B | ||
| Q1 24 | $4.2B | $2.3B |
| Q4 25 | 1.83× | 176.99× | ||
| Q3 25 | 1.62× | 20.59× | ||
| Q2 25 | 1.63× | 8.21× | ||
| Q1 25 | 1.62× | 5.79× | ||
| Q4 24 | 1.60× | 7.84× | ||
| Q3 24 | 1.61× | 4.14× | ||
| Q2 24 | 1.61× | 3.94× | ||
| Q1 24 | 1.63× | 3.34× |
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 | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $288.9M | $-68.6M |
| 自由现金流率自由现金流/营收 | 146.4% | -47.8% |
| 资本支出强度资本支出/营收 | 10.7% | 45.9% |
| 现金转化率经营现金流/净利润 | 7.87× | — |
| 过去12个月自由现金流最近4个季度 | $501.5M | $-398.5M |
8季度趋势，按日历期对齐
| Q4 25 | $309.9M | $-2.8M | ||
| Q3 25 | $68.6M | $-24.4M | ||
| Q2 25 | $87.9M | $-5.2M | ||
| Q1 25 | $72.1M | $-85.7M | ||
| Q4 24 | $331.0M | $-8.1M | ||
| Q3 24 | $65.1M | $14.2M | ||
| Q2 24 | $93.8M | $-17.6M | ||
| Q1 24 | $71.0M | $-3.9M |
| Q4 25 | $288.9M | $-68.6M | ||
| Q3 25 | $62.9M | $-90.7M | ||
| Q2 25 | $84.5M | $-87.5M | ||
| Q1 25 | $65.1M | $-151.7M | ||
| Q4 24 | $299.6M | $-34.3M | ||
| Q3 24 | $61.0M | $-11.7M | ||
| Q2 24 | $88.4M | $-32.1M | ||
| Q1 24 | $57.9M | $-16.7M |
| Q4 25 | 146.4% | -47.8% | ||
| Q3 25 | 33.3% | -64.5% | ||
| Q2 25 | 44.5% | -71.6% | ||
| Q1 25 | 34.7% | -157.7% | ||
| Q4 24 | 163.3% | -42.4% | ||
| Q3 24 | 32.3% | -14.0% | ||
| Q2 24 | 47.2% | -37.9% | ||
| Q1 24 | 30.0% | -20.3% |
| Q4 25 | 10.7% | 45.9% | ||
| Q3 25 | 3.0% | 47.2% | ||
| Q2 25 | 1.8% | 67.3% | ||
| Q1 25 | 3.7% | 68.6% | ||
| Q4 24 | 17.1% | 32.5% | ||
| Q3 24 | 2.1% | 31.1% | ||
| Q2 24 | 2.9% | 17.2% | ||
| Q1 24 | 6.8% | 15.6% |
| Q4 25 | 7.87× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 1.99× | -0.71× | ||
| Q4 24 | 9.08× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.58× | — | ||
| Q1 24 | 2.11× | — |
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
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
