Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.4M | $103M | $60.9M | $114M | $70.6M | $108M | $155M | $60.2M | $75.5M | $42.1M |
| Revenue growth | — | 112.6% | -40.8% | 86.9% | -37.9% | 52.7% | 43.3% | -61.1% | 25.5% | -44.3% |
| Operating income | $52.4M | $136M | — | — | — | — | — | — | — | — |
| Operating margin | 108.4% | 132.1% | — | — | — | — | — | — | — | — |
| Net income | $33.8M | $74.9M | $78.6M | $200M | $103M | $81.6M | $179M | -$74.3M | $144M | $160M |
| Net margin | 69.8% | 72.9% | 129.2% | 175.8% | 145.6% | 75.6% | 115.6% | -123.5% | 190.5% | 379.2% |
| EPS (diluted) | $0.15 | $0.56 | $0.69 | $1.71 | $0.87 | $0.68 | $1.53 | -$0.67 | $1.23 | $1.34 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $234M | $230M | $180M | $229M | $238M | $249M | $266M | $276M | $331M | $310M |
| Share buybacks | $2.47M | $1.97M | $1.70M | $2.06M | — | — | — | — | — | — |
| Dividends paid | $104M | $109M | $114M | $123M | $123M | $124M | $124M | $127M | $132M | $137M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $210M | $12.3M | $8.07M | $14.7M | $18.4M | $13.3M | $12.3M | $168M | $38.3M | $275M |
| Total assets | $3.78B | $3.60B | $3.66B | $3.85B | $4.08B | $4.26B | $4.26B | $4.25B | $4.25B | $4.70B |
| Total liabilities | $2.16B | $2.10B | $2.00B | $2.11B | $2.36B | $2.58B | $2.51B | $2.70B | $2.69B | $3.11B |
| Long-term debt | $1.90B | $1.83B | $1.82B | $1.83B | $2.09B | $2.27B | $2.23B | $2.42B | $2.39B | $2.77B |
| Shareholders' equity | $1.52B | $1.40B | $1.59B | $1.68B | $1.66B | $1.62B | $1.68B | $1.48B | $1.49B | $1.51B |
| Shares (wtd avg diluted) | 94.6M | 99.2M | 104M | 112M | 112M | 112M | 113M | 112M | 113M | 113M |
Every figure is extracted from COPT DEFENSE PROPERTIES’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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