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COPT DEFENSE PROPERTIES（CDP）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是COPT DEFENSE PROPERTIES的1.1倍（$219.1M vs $197.4M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs 9.9%，领先10.1%），COPT DEFENSE PROPERTIES同比增速更快（7.6% vs 1.9%），过去两年铱星通信的营收复合增速更高（4.4% 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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
CDP vs IRDM — 直观对比
营收规模更大
IRDM
是对方的1.1倍
$197.4M
营收增速更快
CDP
高出5.6%
1.9%
净利率更高
CDP
高出10.1%
9.9%
两年增速更快
IRDM
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $219.1M |
| 净利润 | $39.4M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | 19.9% | 23.2% |
| 净利率 | 20.0% | 9.9% |
| 营收同比 | 7.6% | 1.9% |
| 净利润同比 | 8.0% | — |
| 每股收益（稀释后） | $0.32 | — |
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CDPIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $197.4M | $212.9M | ||
| Q3 25 | $188.8M | $226.9M | ||
| Q2 25 | $189.9M | $216.9M | ||
| Q1 25 | $187.9M | $214.9M | ||
| Q4 24 | $183.4M | $213.0M | ||
| Q3 24 | $189.2M | $212.8M | ||
| Q2 24 | $187.3M | $201.1M |
净利润CDPIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $39.4M | $24.9M | ||
| Q3 25 | $43.7M | $37.1M | ||
| Q2 25 | $40.2M | $22.0M | ||
| Q1 25 | $36.2M | $30.4M | ||
| Q4 24 | $36.5M | $36.3M | ||
| Q3 24 | $37.4M | $24.4M | ||
| Q2 24 | $36.4M | $32.3M |
营业利润率CDPIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 19.9% | 25.9% | ||
| Q3 25 | 22.5% | 30.9% | ||
| Q2 25 | 21.0% | 23.2% | ||
| Q1 25 | 19.1% | 28.1% | ||
| Q4 24 | 19.7% | 24.5% | ||
| Q3 24 | 19.8% | 25.8% | ||
| Q2 24 | 19.4% | 21.7% |
净利率CDPIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | 20.0% | 11.7% | ||
| Q3 25 | 23.2% | 16.4% | ||
| Q2 25 | 21.1% | 10.1% | ||
| Q1 25 | 19.3% | 14.2% | ||
| Q4 24 | 19.9% | 17.1% | ||
| Q3 24 | 19.8% | 11.5% | ||
| Q2 24 | 19.4% | 16.1% |
每股收益（稀释后）CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | $0.32 | $0.24 | ||
| Q3 25 | $0.37 | $0.35 | ||
| Q2 25 | $0.34 | $0.20 | ||
| Q1 25 | $0.31 | $0.27 | ||
| Q4 24 | $0.31 | $0.30 | ||
| Q3 24 | $0.32 | $0.21 | ||
| Q2 24 | $0.31 | $0.27 |
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 | — |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $1.5B | — |
| 总资产 | $4.7B | — |
| 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CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | $275.0M | $96.5M | ||
| Q3 25 | $23.7M | $88.5M | ||
| Q2 25 | $21.3M | $79.3M | ||
| Q1 25 | $24.3M | $50.9M | ||
| Q4 24 | $38.3M | $93.5M | ||
| Q3 24 | $34.5M | $159.6M | ||
| Q2 24 | $100.4M | $63.5M |
总债务CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $1.8B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
股东权益CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $462.6M | ||
| Q3 25 | $1.5B | $450.5M | ||
| Q2 25 | $1.5B | $473.6M | ||
| Q1 25 | $1.5B | $518.4M | ||
| Q4 24 | $1.5B | $576.6M | ||
| Q3 24 | $1.5B | $663.8M | ||
| Q2 24 | $1.5B | $786.7M |
总资产CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | $4.7B | $2.5B | ||
| Q3 25 | $4.4B | $2.6B | ||
| Q2 25 | $4.3B | $2.6B | ||
| Q1 25 | $4.3B | $2.6B | ||
| Q4 24 | $4.3B | $2.7B | ||
| Q3 24 | $4.2B | $2.8B | ||
| Q2 24 | $4.2B | $2.7B |
负债/权益比CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 3.80× | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 1.62× | — | ||
| Q4 24 | 1.60× | 3.05× | ||
| Q3 24 | 1.61× | — | ||
| Q2 24 | 1.61× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $288.9M | — |
| 自由现金流率自由现金流/营收 | 146.4% | — |
| 资本支出强度资本支出/营收 | 10.7% | 13.7% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | $309.9M | $108.6M | ||
| Q3 25 | $68.6M | $100.8M | ||
| Q2 25 | $87.9M | $129.6M | ||
| Q1 25 | $72.1M | $61.1M | ||
| Q4 24 | $331.0M | $104.8M | ||
| Q3 24 | $65.1M | $118.6M | ||
| Q2 24 | $93.8M | $81.1M |
自由现金流CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | $288.9M | $75.1M | ||
| Q3 25 | $62.9M | $79.2M | ||
| Q2 25 | $84.5M | $108.9M | ||
| Q1 25 | $65.1M | $36.5M | ||
| Q4 24 | $299.6M | $80.5M | ||
| Q3 24 | $61.0M | $100.0M | ||
| Q2 24 | $88.4M | $68.7M |
自由现金流率CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | 146.4% | 35.3% | ||
| Q3 25 | 33.3% | 34.9% | ||
| Q2 25 | 44.5% | 50.2% | ||
| Q1 25 | 34.7% | 17.0% | ||
| Q4 24 | 163.3% | 37.8% | ||
| Q3 24 | 32.3% | 47.0% | ||
| Q2 24 | 47.2% | 34.2% |
资本支出强度CDPIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 10.7% | 15.7% | ||
| Q3 25 | 3.0% | 9.5% | ||
| Q2 25 | 1.8% | 9.5% | ||
| Q1 25 | 3.7% | 11.4% | ||
| Q4 24 | 17.1% | 11.4% | ||
| Q3 24 | 2.1% | 8.7% | ||
| Q2 24 | 2.9% | 6.2% |
现金转化率CDPIRDM
| Q1 26 | — | — | ||
| Q4 25 | 7.87× | 4.37× | ||
| Q3 25 | 1.57× | 2.71× | ||
| Q2 25 | 2.19× | 5.90× | ||
| Q1 25 | 1.99× | 2.01× | ||
| Q4 24 | 9.08× | 2.88× | ||
| Q3 24 | 1.74× | 4.85× | ||
| Q2 24 | 2.58× | 2.51× |
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
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
