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COPT DEFENSE PROPERTIES（CDP）与ProPetro Holding Corp.（PUMP）财务数据对比。点击上方公司名可切换其他公司
ProPetro Holding Corp.的季度营收约是COPT DEFENSE PROPERTIES的1.5倍（$289.7M vs $197.4M），COPT DEFENSE PROPERTIES同比增速更快（7.6% vs -9.6%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $16.8M），过去两年COPT DEFENSE PROPERTIES的营收复合增速更高（1.1% vs -15.5%）
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。
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
CDP vs PUMP — 直观对比
营收规模更大
PUMP
是对方的1.5倍
$197.4M
营收增速更快
CDP
高出17.2%
-9.6%
自由现金流更多
CDP
多$272.1M
$16.8M
两年增速更快
CDP
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $289.7M |
| 净利润 | $39.4M | — |
| 毛利率 | — | — |
| 营业利润率 | 19.9% | 2.1% |
| 净利率 | 20.0% | — |
| 营收同比 | 7.6% | -9.6% |
| 净利润同比 | 8.0% | — |
| 每股收益（稀释后） | $0.32 | $0.01 |
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CDPPUMP
| Q4 25 | $197.4M | $289.7M | ||
| Q3 25 | $188.8M | $293.9M | ||
| Q2 25 | $189.9M | $326.2M | ||
| Q1 25 | $187.9M | $359.4M | ||
| Q4 24 | $183.4M | $320.6M | ||
| Q3 24 | $189.2M | $360.9M | ||
| Q2 24 | $187.3M | $357.0M | ||
| Q1 24 | $193.3M | $405.8M |
净利润CDPPUMP
| Q4 25 | $39.4M | — | ||
| Q3 25 | $43.7M | $-2.4M | ||
| Q2 25 | $40.2M | $-7.2M | ||
| Q1 25 | $36.2M | $9.6M | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $37.4M | $-137.1M | ||
| Q2 24 | $36.4M | $-3.7M | ||
| Q1 24 | $33.7M | $19.9M |
营业利润率CDPPUMP
| Q4 25 | 19.9% | 2.1% | ||
| Q3 25 | 22.5% | -2.1% | ||
| Q2 25 | 21.0% | -1.0% | ||
| Q1 25 | 19.1% | 2.6% | ||
| Q4 24 | 19.7% | -5.8% | ||
| Q3 24 | 19.8% | -49.4% | ||
| Q2 24 | 19.4% | -0.1% | ||
| Q1 24 | 17.5% | 7.5% |
净利率CDPPUMP
| Q4 25 | 20.0% | — | ||
| Q3 25 | 23.2% | -0.8% | ||
| Q2 25 | 21.1% | -2.2% | ||
| Q1 25 | 19.3% | 2.7% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 19.8% | -38.0% | ||
| Q2 24 | 19.4% | -1.0% | ||
| Q1 24 | 17.4% | 4.9% |
每股收益（稀释后）CDPPUMP
| Q4 25 | $0.32 | $0.01 | ||
| Q3 25 | $0.37 | $-0.02 | ||
| Q2 25 | $0.34 | $-0.07 | ||
| Q1 25 | $0.31 | $0.09 | ||
| Q4 24 | $0.31 | $-0.14 | ||
| Q3 24 | $0.32 | $-1.32 | ||
| Q2 24 | $0.31 | $-0.03 | ||
| Q1 24 | $0.29 | $0.18 |
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 | $91.3M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $1.5B | $829.8M |
| 总资产 | $4.7B | $1.3B |
| 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CDPPUMP
| Q4 25 | $275.0M | $91.3M | ||
| Q3 25 | $23.7M | $76.7M | ||
| Q2 25 | $21.3M | $83.0M | ||
| Q1 25 | $24.3M | $71.4M | ||
| Q4 24 | $38.3M | $58.3M | ||
| Q3 24 | $34.5M | $54.0M | ||
| Q2 24 | $100.4M | $74.7M | ||
| Q1 24 | $123.1M | $53.6M |
总债务CDPPUMP
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
股东权益CDPPUMP
| Q4 25 | $1.5B | $829.8M | ||
| Q3 25 | $1.5B | $826.2M | ||
| Q2 25 | $1.5B | $824.0M | ||
| Q1 25 | $1.5B | $826.5M | ||
| Q4 24 | $1.5B | $816.3M | ||
| Q3 24 | $1.5B | $833.0M | ||
| Q2 24 | $1.5B | $975.8M | ||
| Q1 24 | $1.5B | $998.2M |
总资产CDPPUMP
| Q4 25 | $4.7B | $1.3B | ||
| Q3 25 | $4.4B | $1.3B | ||
| Q2 25 | $4.3B | $1.2B | ||
| Q1 25 | $4.3B | $1.2B | ||
| Q4 24 | $4.3B | $1.2B | ||
| Q3 24 | $4.2B | $1.3B | ||
| Q2 24 | $4.2B | $1.5B | ||
| Q1 24 | $4.2B | $1.2B |
负债/权益比CDPPUMP
| Q4 25 | 1.83× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 1.62× | — | ||
| Q4 24 | 1.60× | — | ||
| Q3 24 | 1.61× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | 1.63× | — |
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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $288.9M | $16.8M |
| 自由现金流率自由现金流/营收 | 146.4% | 5.8% |
| 资本支出强度资本支出/营收 | 10.7% | 22.2% |
| 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 | $45.3M |
8季度趋势，按日历期对齐
经营现金流CDPPUMP
| Q4 25 | $309.9M | $81.0M | ||
| Q3 25 | $68.6M | $41.7M | ||
| Q2 25 | $87.9M | $54.2M | ||
| Q1 25 | $72.1M | $54.7M | ||
| Q4 24 | $331.0M | $37.9M | ||
| Q3 24 | $65.1M | $34.7M | ||
| Q2 24 | $93.8M | $104.9M | ||
| Q1 24 | $71.0M | $74.8M |
自由现金流CDPPUMP
| Q4 25 | $288.9M | $16.8M | ||
| Q3 25 | $62.9M | $-2.4M | ||
| Q2 25 | $84.5M | $17.1M | ||
| Q1 25 | $65.1M | $13.8M | ||
| Q4 24 | $299.6M | $10.0M | ||
| Q3 24 | $61.0M | $-6.0M | ||
| Q2 24 | $88.4M | $67.7M | ||
| Q1 24 | $57.9M | $40.2M |
自由现金流率CDPPUMP
| Q4 25 | 146.4% | 5.8% | ||
| Q3 25 | 33.3% | -0.8% | ||
| Q2 25 | 44.5% | 5.2% | ||
| Q1 25 | 34.7% | 3.8% | ||
| Q4 24 | 163.3% | 3.1% | ||
| Q3 24 | 32.3% | -1.7% | ||
| Q2 24 | 47.2% | 19.0% | ||
| Q1 24 | 30.0% | 9.9% |
资本支出强度CDPPUMP
| Q4 25 | 10.7% | 22.2% | ||
| Q3 25 | 3.0% | 15.0% | ||
| Q2 25 | 1.8% | 11.4% | ||
| Q1 25 | 3.7% | 11.4% | ||
| Q4 24 | 17.1% | 8.7% | ||
| Q3 24 | 2.1% | 11.3% | ||
| Q2 24 | 2.9% | 10.4% | ||
| Q1 24 | 6.8% | 8.5% |
现金转化率CDPPUMP
| Q4 25 | 7.87× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 1.99× | 5.70× | ||
| Q4 24 | 9.08× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.58× | — | ||
| Q1 24 | 2.11× | 3.75× |
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
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
