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COPT Defense Properties CDP Construction Contract Revenue — Contract with Customer, Liability

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Other financials

Income statement

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Revenue$197.4M+3.9%
Net income$46.4M+15.6%
EPS (diluted)$0.40+17.6%

Balance sheet

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Cash & equivalents$24.2M+13.5%
Total debt$2.6B+6.0%
Total equity$1.6B+5.6%
Total assets$4.5B+5.3%

Cash flow

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Operating cash flow$96.4M+33.8%
CapEx$6.2M-10.1%
Free cash flow$90.2M+38.4%

Valuation

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Market cap$4.14B+31.9%
Enterprise value$6.75B+20.5%
P/E24.4×+3.5×
P/S5.3×+1.1×

Profitability

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Gross margin78.3%
Operating margin22.6%
Net margin21.6%+1.6pp
FCF margin40.4%-0.6pp

Returns & leverage

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Return on equity11%+1.0pp
Debt / equity1.7×0.0×

Where this comes from

Reported directly by COPT Defense Properties in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: COPT Defense Properties’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000860546-26-000029
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Beginning balance$2,183$2,016
Ending balance$1,960$2,401
Portion of beginning balance recognized in revenue during period$236$100

Item 1. Financial Statements

FAQ

What is COPT Defense Properties's construction contract revenue — contract with customer, liability?
COPT Defense Properties (CDP) reported construction contract revenue — contract with customer, liability of $1.96M in Q1 2026.
How has COPT Defense Properties's construction contract revenue — contract with customer, liability changed year-over-year?
COPT Defense Properties's construction contract revenue — contract with customer, liability decreased by 18.4% year-over-year, from $2.4M to $1.96M.
What is the long-term trend for COPT Defense Properties's construction contract revenue — contract with customer, liability?
Over 4 years (2021 to 2025), COPT Defense Properties's construction contract revenue — contract with customer, liability has grown at a -11.2% compound annual growth rate (CAGR), from $14.83M to $9.24M.
What does construction contract revenue — contract with customer, liability mean?
This represents the obligation to transfer construction services to a customer for which the company has already received consideration or has an unconditional right to consideration. It serves as a measure of deferred revenue that will be recognized as performance obligations are satisfied in future periods. A high balance indicates strong advance billing or pre-payment activity within the construction segment.

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