Filing Flows › Copt Defense Properties (CDP) › Q1 2025
Copt Defense Properties (CDP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Copt Defense Properties (CDP) reported revenue of $188M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +2% from the quarter before. Operating margin was 29.1%, net earnings $34.6M (18.4% of revenue).
Copt Defense Properties, Q1 2025: revenue $188M (-3% year over year), operating margin 29.1%, net earnings $34.6M, operating cash flow $72.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $188M | +2% | -3% |
| Operating profit | $54.6M | +0.6% | +8% |
| Net earnings | $34.6M | -1% | +7% |
| Operating cash flow | $72.1M | -29% | +2% |
| Free cash flow | $37.2M | -44% | +20% |
What changed
Revenue was $187.9M in Q1 2025, down 3% year over year and up 2% from the previous quarter.
Operating profit was $54.6M, a 29.1% margin (up 3.0 points year over year). Total costs fell 7% while revenue fell 3%. Net earnings were $34.6M, up 7% year over year. The effective tax rate was 0.3%.
Operating cash flow was $72.1M (up 2% year over year), 199% of net income including minority interests. Non-cash charges added back $39.9M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $6.9M. Capital expenditures of $34.9M left free cash flow of $37.2M.
Questions
What was Copt Defense Properties' revenue in the first quarter 2025?
Copt Defense Properties (CDP) reported revenue of $188M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +2% from the quarter before.
Was Copt Defense Properties profitable in the first quarter 2025?
Operating profit was $54.6M (29.1% of revenue) and net earnings $34.6M.