COPT Defense Properties

NYSE:CDPReal EstateCBOEFTSE:MRUTNASDAQ:NQUSSG

——At close · Market cap — · Next earnings Thu 29 Oct

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	55.8%	31.5%	29.8%	33.8%	34.6%	15.4%	—	—
Operating margin	49.6%	25.4%	24.5%	27.5%	28.3%	30.2%	30.2%	+0.0 pts
Net margin	16.7%	11.5%	23.4%	−10.7%	18.4%	19.9%	19.9%	+0.0 pts
EBITDA margin	52.0%	44.3%	48.0%	21.9%	51.0%	53.5%	—	—
Return on equity	5.9%	4.7%	10.3%	−5.0%	9.3%	10.1%	9.6%	−0.5 pts
Return on assets	2.4%	1.8%	4.1%	−1.7%	3.3%	3.2%	3.2%	+0.0 pts
Return on capital employed	7.8%	4.3%	4.8%	4.8%	5.4%	5.4%	—	—
Debt / equity	1.3×	1.4×	1.3×	1.7×	1.6×	1.9×	1.8×	−4.6%
Debt / assets	52.2%	54.0%	53.1%	57.7%	57.4%	59.8%	—	—
Interest coverage	4.3×	2.6×	3.0×	2.6×	2.5×	2.6×	—	—
Current ratio	1.4×	1.4×	1.2×	1.7×	1.3×	1.6×	1.6×	+0.0%
Quick ratio	1.4×	1.4×	1.2×	1.7×	1.3×	1.6×	—	—
Cash ratio	0.1×	0.0×	0.0×	0.5×	0.1×	0.7×	0.7×	+0.0%
Asset turnover	0.1×	0.2×	0.2×	0.2×	0.2×	0.2×	—	—
Inventory turnover	—	—	—	−177.4×	—	—	—	—
Receivables turnover	3.1×	2.9×	2.9×	2.4×	2.8×	2.5×	—	—
Dividend payout	126.7%	161.4%	71.5%	−173.1%	94.9%	89.7%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.