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COPT DEFENSE PROPERTIES（CDP）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是COPT DEFENSE PROPERTIES的1.4倍（$273.0M vs $197.4M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs 5.6%，领先14.3%），Forestar Group Inc.同比增速更快（9.0% vs 7.6%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $-157.1M），过去两年COPT DEFENSE PROPERTIES的营收复合增速更高（1.1% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
CDP vs FOR — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $273.0M |
| 净利润 | $39.4M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 19.9% | 7.6% |
| 净利率 | 20.0% | 5.6% |
| 营收同比 | 7.6% | 9.0% |
| 净利润同比 | 8.0% | -6.7% |
| 每股收益（稀释后） | $0.32 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $188.8M | $670.5M | ||
| Q2 25 | $189.9M | $390.5M | ||
| Q1 25 | $187.9M | $351.0M | ||
| Q4 24 | $183.4M | $250.4M | ||
| Q3 24 | $189.2M | $551.3M | ||
| Q2 24 | $187.3M | $318.4M | ||
| Q1 24 | $193.3M | $333.8M |
| Q4 25 | $39.4M | $15.4M | ||
| Q3 25 | $43.7M | $86.9M | ||
| Q2 25 | $40.2M | $32.9M | ||
| Q1 25 | $36.2M | $31.6M | ||
| Q4 24 | $36.5M | $16.5M | ||
| Q3 24 | $37.4M | $81.5M | ||
| Q2 24 | $36.4M | $38.7M | ||
| Q1 24 | $33.7M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 19.9% | 7.6% | ||
| Q3 25 | 22.5% | 16.9% | ||
| Q2 25 | 21.0% | 11.2% | ||
| Q1 25 | 19.1% | 11.6% | ||
| Q4 24 | 19.7% | 8.7% | ||
| Q3 24 | 19.8% | 19.7% | ||
| Q2 24 | 19.4% | 16.2% | ||
| Q1 24 | 17.5% | 17.6% |
| Q4 25 | 20.0% | 5.6% | ||
| Q3 25 | 23.2% | 13.0% | ||
| Q2 25 | 21.1% | 8.4% | ||
| Q1 25 | 19.3% | 9.0% | ||
| Q4 24 | 19.9% | 6.6% | ||
| Q3 24 | 19.8% | 14.8% | ||
| Q2 24 | 19.4% | 12.2% | ||
| Q1 24 | 17.4% | 13.5% |
| Q4 25 | $0.32 | $0.30 | ||
| Q3 25 | $0.37 | $1.70 | ||
| Q2 25 | $0.34 | $0.65 | ||
| Q1 25 | $0.31 | $0.62 | ||
| Q4 24 | $0.31 | $0.32 | ||
| Q3 24 | $0.32 | $1.59 | ||
| Q2 24 | $0.31 | $0.76 | ||
| Q1 24 | $0.29 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $2.8B | $793.2M |
| 股东权益账面价值 | $1.5B | $1.8B |
| 总资产 | $4.7B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.83× | 0.44× |
8季度趋势，按日历期对齐
| Q4 25 | $275.0M | $211.7M | ||
| Q3 25 | $23.7M | $379.2M | ||
| Q2 25 | $21.3M | $189.2M | ||
| Q1 25 | $24.3M | $174.3M | ||
| Q4 24 | $38.3M | $132.0M | ||
| Q3 24 | $34.5M | $481.2M | ||
| Q2 24 | $100.4M | $359.2M | ||
| Q1 24 | $123.1M | $416.2M |
| Q4 25 | $2.8B | $793.2M | ||
| Q3 25 | $2.4B | $802.7M | ||
| Q2 25 | $2.4B | $872.8M | ||
| Q1 25 | $2.4B | $872.5M | ||
| Q4 24 | $2.4B | $806.8M | ||
| Q3 24 | $2.4B | $706.4M | ||
| Q2 24 | $2.4B | $706.1M | ||
| Q1 24 | $2.4B | $705.7M |
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
| Q4 25 | $4.7B | $3.2B | ||
| Q3 25 | $4.4B | $3.1B | ||
| Q2 25 | $4.3B | $3.1B | ||
| Q1 25 | $4.3B | $3.0B | ||
| Q4 24 | $4.3B | $3.0B | ||
| Q3 24 | $4.2B | $2.8B | ||
| Q2 24 | $4.2B | $2.7B | ||
| Q1 24 | $4.2B | $2.6B |
| Q4 25 | 1.83× | 0.44× | ||
| Q3 25 | 1.62× | 0.45× | ||
| Q2 25 | 1.63× | 0.52× | ||
| Q1 25 | 1.62× | 0.53× | ||
| Q4 24 | 1.60× | 0.50× | ||
| Q3 24 | 1.61× | 0.44× | ||
| Q2 24 | 1.61× | 0.47× | ||
| Q1 24 | 1.63× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $288.9M | $-157.1M |
| 自由现金流率自由现金流/营收 | 146.4% | -57.5% |
| 资本支出强度资本支出/营收 | 10.7% | 0.0% |
| 现金转化率经营现金流/净利润 | 7.87× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $501.5M | $93.0M |
8季度趋势，按日历期对齐
| Q4 25 | $309.9M | $-157.0M | ||
| Q3 25 | $68.6M | $256.3M | ||
| Q2 25 | $87.9M | $15.8M | ||
| Q1 25 | $72.1M | $-19.8M | ||
| Q4 24 | $331.0M | $-450.0M | ||
| Q3 24 | $65.1M | $119.2M | ||
| Q2 24 | $93.8M | $-61.7M | ||
| Q1 24 | $71.0M | $-59.2M |
| Q4 25 | $288.9M | $-157.1M | ||
| Q3 25 | $62.9M | $255.6M | ||
| Q2 25 | $84.5M | $15.0M | ||
| Q1 25 | $65.1M | $-20.5M | ||
| Q4 24 | $299.6M | — | ||
| Q3 24 | $61.0M | $118.4M | ||
| Q2 24 | $88.4M | $-62.3M | ||
| Q1 24 | $57.9M | $-59.8M |
| Q4 25 | 146.4% | -57.5% | ||
| Q3 25 | 33.3% | 38.1% | ||
| Q2 25 | 44.5% | 3.8% | ||
| Q1 25 | 34.7% | -5.8% | ||
| Q4 24 | 163.3% | — | ||
| Q3 24 | 32.3% | 21.5% | ||
| Q2 24 | 47.2% | -19.6% | ||
| Q1 24 | 30.0% | -17.9% |
| Q4 25 | 10.7% | 0.0% | ||
| Q3 25 | 3.0% | 0.1% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 3.7% | 0.2% | ||
| Q4 24 | 17.1% | 0.0% | ||
| Q3 24 | 2.1% | 0.1% | ||
| Q2 24 | 2.9% | 0.2% | ||
| Q1 24 | 6.8% | 0.2% |
| Q4 25 | 7.87× | -10.19× | ||
| Q3 25 | 1.57× | 2.95× | ||
| Q2 25 | 2.19× | 0.48× | ||
| Q1 25 | 1.99× | -0.63× | ||
| Q4 24 | 9.08× | -27.27× | ||
| Q3 24 | 1.74× | 1.46× | ||
| Q2 24 | 2.58× | -1.59× | ||
| Q1 24 | 2.11× | -1.32× |
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
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
