--- title: "COPT Defense Properties Metrics Guide" description: "COPT Defense Properties revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/copt-defense-properties/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # COPT Defense Properties Financial Metrics Guide ## Direct Answer > COPT Defense Properties reported revenue of $764 million for the fiscal year ended December 31, 2025, net income of $160 million, according to its SEC filings. Revenue grew 1.4% from the prior year. ## What Are COPT Defense Properties's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $764 million | $753 million | $685 million | $739 million | | Operating income | Not reported | Not reported | Not reported | Not reported | | Operating margin | n/a | n/a | n/a | n/a | | Net income | $160 million | $144 million | -$74 million | $179 million | | Net margin | 20.9% | 19.1% | -10.9% | 24.2% | | Operating cash flow | $310 million | $331 million | $276 million | $266 million | | Capital expenditures | $21 million | $31 million | $21 million | $36 million | | Free cash flow | $289 million | $300 million | $256 million | $229 million | Free cash flow (operating cash flow minus capital expenditures) was $289 million against net income of $160 million; cash generation covered reported earnings. ![Bar chart of COPT Defense Properties revenue, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $764 million and net income $160 million.](https://www.getswoopr.com/images/charts/copt-defense-properties-metrics-revenue-profit.webp) *COPT Defense Properties revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of COPT Defense Properties net margin for fiscal 2022 to 2025. In fiscal 2025, net margin was 20.9%.](https://www.getswoopr.com/images/charts/copt-defense-properties-metrics-margins.webp) *COPT Defense Properties operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of COPT Defense Properties operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $310 million, capital expenditures was $21 million, free cash flow was $289 million.](https://www.getswoopr.com/images/charts/copt-defense-properties-metrics-cash-flow.webp) *COPT Defense Properties operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does COPT Defense Properties's Balance Sheet Show? | Cash and cash equivalents | $275 million | | --- | --- | | Long-term debt | $2.8 billion | | Total assets | $4.7 billion | | Total liabilities | $3.1 billion | | Shareholders' equity | $1.5 billion | | Current ratio | n/a | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value COPT Defense Properties reported in its own SEC filings, read from the SEC's XBRL data (accession 0000860546-26-000011 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was COPT Defense Properties's revenue in fiscal 2025? COPT Defense Properties reported revenue of $764 million for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is COPT Defense Properties's operating margin? COPT Defense Properties did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did COPT Defense Properties generate? Operating cash flow of $310 million less capital expenditures of $21 million gives free cash flow of $289 million for fiscal 2025. ## References - [SEC EDGAR: COPT DEFENSE PROPERTIES Form 10-K filed February 20, 2026](https://www.sec.gov/Archives/edgar/data/860546/000086054626000011/cdp-20251231.htm) - [SEC EDGAR: COPT DEFENSE PROPERTIES annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=860546&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [COPT Defense Properties company dossier](https://www.getswoopr.com/stocks/companies/copt-defense-properties/) - [COPT Defense Properties financial metrics](https://www.getswoopr.com/stocks/companies/copt-defense-properties/financial-metrics/) - [COPT Defense Properties financial risk indicators](https://www.getswoopr.com/stocks/companies/copt-defense-properties/risks-monitoring/) - [COPT Defense Properties business model and revenue mix](https://www.getswoopr.com/stocks/companies/copt-defense-properties/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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