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COPT DEFENSE PROPERTIES（CDP）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.1倍（$197.4M vs $179.7M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs -29.5%，领先49.4%），Rocket Lab Corp同比增速更快（35.7% vs 7.6%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
CDP vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $179.7M |
| 净利润 | $39.4M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 19.9% | -28.4% |
| 净利率 | 20.0% | -29.5% |
| 营收同比 | 7.6% | 35.7% |
| 净利润同比 | 8.0% | -1.1% |
| 每股收益（稀释后） | $0.32 | $-0.09 |
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 | $179.7M | ||
| Q3 25 | $188.8M | $155.1M | ||
| Q2 25 | $189.9M | $144.5M | ||
| Q1 25 | $187.9M | $122.6M | ||
| Q4 24 | $183.4M | $132.4M | ||
| Q3 24 | $189.2M | $104.8M | ||
| Q2 24 | $187.3M | $106.3M | ||
| Q1 24 | $193.3M | $92.8M |
| Q4 25 | $39.4M | $-52.9M | ||
| Q3 25 | $43.7M | $-18.3M | ||
| Q2 25 | $40.2M | $-66.4M | ||
| Q1 25 | $36.2M | $-60.6M | ||
| Q4 24 | $36.5M | $-52.3M | ||
| Q3 24 | $37.4M | $-51.9M | ||
| Q2 24 | $36.4M | $-41.6M | ||
| Q1 24 | $33.7M | $-44.3M |
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 19.9% | -28.4% | ||
| Q3 25 | 22.5% | -38.0% | ||
| Q2 25 | 21.0% | -41.3% | ||
| Q1 25 | 19.1% | -48.3% | ||
| Q4 24 | 19.7% | -38.9% | ||
| Q3 24 | 19.8% | -49.5% | ||
| Q2 24 | 19.4% | -40.7% | ||
| Q1 24 | 17.5% | -46.4% |
| Q4 25 | 20.0% | -29.5% | ||
| Q3 25 | 23.2% | -11.8% | ||
| Q2 25 | 21.1% | -46.0% | ||
| Q1 25 | 19.3% | -49.5% | ||
| Q4 24 | 19.9% | -39.5% | ||
| Q3 24 | 19.8% | -49.6% | ||
| Q2 24 | 19.4% | -39.2% | ||
| Q1 24 | 17.4% | -47.7% |
| Q4 25 | $0.32 | $-0.09 | ||
| Q3 25 | $0.37 | $-0.03 | ||
| Q2 25 | $0.34 | $-0.13 | ||
| Q1 25 | $0.31 | $-0.12 | ||
| Q4 24 | $0.31 | $-0.11 | ||
| Q3 24 | $0.32 | $-0.10 | ||
| Q2 24 | $0.31 | $-0.08 | ||
| Q1 24 | $0.29 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | $2.8B | $152.4M |
| 股东权益账面价值 | $1.5B | $1.7B |
| 总资产 | $4.7B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.83× | 0.09× |
8季度趋势，按日历期对齐
| Q4 25 | $275.0M | $1.0B | ||
| Q3 25 | $23.7M | $976.7M | ||
| Q2 25 | $21.3M | $688.1M | ||
| Q1 25 | $24.3M | $428.4M | ||
| Q4 24 | $38.3M | $419.0M | ||
| Q3 24 | $34.5M | $442.4M | ||
| Q2 24 | $100.4M | $496.8M | ||
| Q1 24 | $123.1M | $492.5M |
| Q4 25 | $2.8B | $152.4M | ||
| Q3 25 | $2.4B | $347.0M | ||
| Q2 25 | $2.4B | $346.5M | ||
| Q1 25 | $2.4B | $345.9M | ||
| Q4 24 | $2.4B | $345.4M | ||
| Q3 24 | $2.4B | $61.2M | ||
| Q2 24 | $2.4B | $64.2M | ||
| Q1 24 | $2.4B | $66.8M |
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $688.5M | ||
| Q1 25 | $1.5B | $431.3M | ||
| Q4 24 | $1.5B | $382.5M | ||
| Q3 24 | $1.5B | $419.8M | ||
| Q2 24 | $1.5B | $455.2M | ||
| Q1 24 | $1.5B | $478.9M |
| Q4 25 | $4.7B | $2.3B | ||
| Q3 25 | $4.4B | $2.2B | ||
| Q2 25 | $4.3B | $1.6B | ||
| Q1 25 | $4.3B | $1.3B | ||
| Q4 24 | $4.3B | $1.2B | ||
| Q3 24 | $4.2B | $1.2B | ||
| Q2 24 | $4.2B | $1.2B | ||
| Q1 24 | $4.2B | $1.2B |
| Q4 25 | 1.83× | 0.09× | ||
| Q3 25 | 1.62× | 0.27× | ||
| Q2 25 | 1.63× | 0.50× | ||
| Q1 25 | 1.62× | 0.80× | ||
| Q4 24 | 1.60× | 0.90× | ||
| Q3 24 | 1.61× | 0.15× | ||
| Q2 24 | 1.61× | 0.14× | ||
| Q1 24 | 1.63× | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $288.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | 146.4% | -63.6% |
| 资本支出强度资本支出/营收 | 10.7% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $309.9M | $-64.5M | ||
| Q3 25 | $68.6M | $-23.5M | ||
| Q2 25 | $87.9M | $-23.2M | ||
| Q1 25 | $72.1M | $-54.2M | ||
| Q4 24 | $331.0M | $-2.4M | ||
| Q3 24 | $65.1M | $-30.9M | ||
| Q2 24 | $93.8M | $-13.0M | ||
| Q1 24 | $71.0M | $-2.6M |
| Q4 25 | $288.9M | $-114.2M | ||
| Q3 25 | $62.9M | $-69.4M | ||
| Q2 25 | $84.5M | $-55.3M | ||
| Q1 25 | $65.1M | $-82.9M | ||
| Q4 24 | $299.6M | $-23.9M | ||
| Q3 24 | $61.0M | $-41.9M | ||
| Q2 24 | $88.4M | $-28.3M | ||
| Q1 24 | $57.9M | $-21.8M |
| Q4 25 | 146.4% | -63.6% | ||
| Q3 25 | 33.3% | -44.8% | ||
| Q2 25 | 44.5% | -38.3% | ||
| Q1 25 | 34.7% | -67.6% | ||
| Q4 24 | 163.3% | -18.1% | ||
| Q3 24 | 32.3% | -40.0% | ||
| Q2 24 | 47.2% | -26.7% | ||
| Q1 24 | 30.0% | -23.5% |
| Q4 25 | 10.7% | 27.6% | ||
| Q3 25 | 3.0% | 29.6% | ||
| Q2 25 | 1.8% | 22.2% | ||
| Q1 25 | 3.7% | 23.4% | ||
| Q4 24 | 17.1% | 16.3% | ||
| Q3 24 | 2.1% | 10.5% | ||
| Q2 24 | 2.9% | 14.4% | ||
| Q1 24 | 6.8% | 20.7% |
| Q4 25 | 7.87× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 1.99× | — | ||
| 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
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
