vs
COPT DEFENSE PROPERTIES（CDP）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是COPT DEFENSE PROPERTIES的1.1倍（$210.4M vs $197.4M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs 10.9%，领先9.1%），COPT DEFENSE PROPERTIES同比增速更快（7.6% vs -5.5%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $25.2M），过去两年COPT DEFENSE PROPERTIES的营收复合增速更高（1.1% vs -3.8%）
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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
CDP vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.1倍
$197.4M
营收增速更快
CDP
高出13.1%
-5.5%
净利率更高
CDP
高出9.1%
10.9%
自由现金流更多
CDP
多$263.6M
$25.2M
两年增速更快
CDP
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $210.4M |
| 净利润 | $39.4M | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | 19.9% | 22.9% |
| 净利率 | 20.0% | 10.9% |
| 营收同比 | 7.6% | -5.5% |
| 净利润同比 | 8.0% | -32.4% |
| 每股收益（稀释后） | $0.32 | $0.39 |
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CDPPLAB
| Q4 25 | $197.4M | — | ||
| Q3 25 | $188.8M | $210.4M | ||
| Q2 25 | $189.9M | $211.0M | ||
| Q1 25 | $187.9M | $212.1M | ||
| Q4 24 | $183.4M | $222.6M | ||
| Q3 24 | $189.2M | $211.0M | ||
| Q2 24 | $187.3M | $217.0M | ||
| Q1 24 | $193.3M | $216.3M |
净利润CDPPLAB
| Q4 25 | $39.4M | — | ||
| Q3 25 | $43.7M | $22.9M | ||
| Q2 25 | $40.2M | $8.9M | ||
| Q1 25 | $36.2M | $42.9M | ||
| Q4 24 | $36.5M | $33.9M | ||
| Q3 24 | $37.4M | $34.4M | ||
| Q2 24 | $36.4M | $36.3M | ||
| Q1 24 | $33.7M | $26.2M |
毛利率CDPPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
营业利润率CDPPLAB
| Q4 25 | 19.9% | — | ||
| Q3 25 | 22.5% | 22.9% | ||
| Q2 25 | 21.0% | 26.4% | ||
| Q1 25 | 19.1% | 24.6% | ||
| Q4 24 | 19.7% | 25.1% | ||
| Q3 24 | 19.8% | 24.7% | ||
| Q2 24 | 19.4% | 25.8% | ||
| Q1 24 | 17.5% | 26.6% |
净利率CDPPLAB
| Q4 25 | 20.0% | — | ||
| Q3 25 | 23.2% | 10.9% | ||
| Q2 25 | 21.1% | 4.2% | ||
| Q1 25 | 19.3% | 20.2% | ||
| Q4 24 | 19.9% | 15.2% | ||
| Q3 24 | 19.8% | 16.3% | ||
| Q2 24 | 19.4% | 16.7% | ||
| Q1 24 | 17.4% | 12.1% |
每股收益（稀释后）CDPPLAB
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.37 | $0.39 | ||
| Q2 25 | $0.34 | $0.15 | ||
| Q1 25 | $0.31 | $0.68 | ||
| Q4 24 | $0.31 | $0.54 | ||
| Q3 24 | $0.32 | $0.55 | ||
| Q2 24 | $0.31 | $0.58 | ||
| Q1 24 | $0.29 | $0.42 |
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 | $575.8M |
| 总债务越低越好 | $2.8B | $16.0K |
| 股东权益账面价值 | $1.5B | $1.1B |
| 总资产 | $4.7B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.83× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CDPPLAB
| Q4 25 | $275.0M | — | ||
| Q3 25 | $23.7M | $575.8M | ||
| Q2 25 | $21.3M | $558.4M | ||
| Q1 25 | $24.3M | $642.2M | ||
| Q4 24 | $38.3M | $640.7M | ||
| Q3 24 | $34.5M | $606.4M | ||
| Q2 24 | $100.4M | $559.9M | ||
| Q1 24 | $123.1M | $521.5M |
总债务CDPPLAB
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.4B | $16.0K | ||
| Q2 25 | $2.4B | $19.0K | ||
| Q1 25 | $2.4B | $21.0K | ||
| Q4 24 | $2.4B | $25.0K | ||
| Q3 24 | $2.4B | $28.0K | ||
| Q2 24 | $2.4B | $2.5M | ||
| Q1 24 | $2.4B | $2.7M |
股东权益CDPPLAB
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | $1.5B | $1.0B |
总资产CDPPLAB
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.4B | $1.8B | ||
| Q2 25 | $4.3B | $1.7B | ||
| Q1 25 | $4.3B | $1.7B | ||
| Q4 24 | $4.3B | $1.7B | ||
| Q3 24 | $4.2B | $1.6B | ||
| Q2 24 | $4.2B | $1.6B | ||
| Q1 24 | $4.2B | $1.6B |
负债/权益比CDPPLAB
| Q4 25 | 1.83× | — | ||
| Q3 25 | 1.62× | 0.00× | ||
| Q2 25 | 1.63× | 0.00× | ||
| Q1 25 | 1.62× | 0.00× | ||
| Q4 24 | 1.60× | 0.00× | ||
| Q3 24 | 1.61× | 0.00× | ||
| Q2 24 | 1.61× | 0.00× | ||
| Q1 24 | 1.63× | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $288.9M | $25.2M |
| 自由现金流率自由现金流/营收 | 146.4% | 12.0% |
| 资本支出强度资本支出/营收 | 10.7% | 11.8% |
| 现金转化率经营现金流/净利润 | 7.87× | 2.19× |
| 过去12个月自由现金流最近4个季度 | $501.5M | $64.5M |
8季度趋势，按日历期对齐
经营现金流CDPPLAB
| Q4 25 | $309.9M | — | ||
| Q3 25 | $68.6M | $50.1M | ||
| Q2 25 | $87.9M | $31.5M | ||
| Q1 25 | $72.1M | $78.5M | ||
| Q4 24 | $331.0M | $68.4M | ||
| Q3 24 | $65.1M | $75.1M | ||
| Q2 24 | $93.8M | $76.5M | ||
| Q1 24 | $71.0M | $41.5M |
自由现金流CDPPLAB
| Q4 25 | $288.9M | — | ||
| Q3 25 | $62.9M | $25.2M | ||
| Q2 25 | $84.5M | $-29.1M | ||
| Q1 25 | $65.1M | $43.3M | ||
| Q4 24 | $299.6M | $25.2M | ||
| Q3 24 | $61.0M | $50.7M | ||
| Q2 24 | $88.4M | $56.5M | ||
| Q1 24 | $57.9M | $-1.8M |
自由现金流率CDPPLAB
| Q4 25 | 146.4% | — | ||
| Q3 25 | 33.3% | 12.0% | ||
| Q2 25 | 44.5% | -13.8% | ||
| Q1 25 | 34.7% | 20.4% | ||
| Q4 24 | 163.3% | 11.3% | ||
| Q3 24 | 32.3% | 24.0% | ||
| Q2 24 | 47.2% | 26.0% | ||
| Q1 24 | 30.0% | -0.8% |
资本支出强度CDPPLAB
| Q4 25 | 10.7% | — | ||
| Q3 25 | 3.0% | 11.8% | ||
| Q2 25 | 1.8% | 28.7% | ||
| Q1 25 | 3.7% | 16.6% | ||
| Q4 24 | 17.1% | 19.4% | ||
| Q3 24 | 2.1% | 11.6% | ||
| Q2 24 | 2.9% | 9.2% | ||
| Q1 24 | 6.8% | 20.0% |
现金转化率CDPPLAB
| Q4 25 | 7.87× | — | ||
| Q3 25 | 1.57× | 2.19× | ||
| Q2 25 | 2.19× | 3.55× | ||
| Q1 25 | 1.99× | 1.83× | ||
| Q4 24 | 9.08× | 2.02× | ||
| Q3 24 | 1.74× | 2.18× | ||
| Q2 24 | 2.58× | 2.11× | ||
| Q1 24 | 2.11× | 1.59× |
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
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
