What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

COPT Defense Properties CDP Operating margin

Discontinued — last reported Q3 '18

Operating margin at other companies

Equinix, Inc.EQIX

20.8%+4.8pp

Digital RealtyDLR

10.8%+2.3pp

Science Applications International CorporationSAIC

7.9%+0.6pp

American TowerAMT

44.7%-0.8pp

Booz Allen HamiltonBAH

9.2%-2.2pp

Parsons CorporationPSN

6.4%0.0pp

Other financials

Income statement

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Revenue$200.6M+6.8%

Net income$40.1M+10.8%

EPS (diluted)$0.34+9.7%

Balance sheet

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Cash & equivalents$28.6M+17.7%

Total debt$2.6B+5.3%

Total equity$1.5B+1.6%

Total assets$4.5B+4.9%

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$3.8B+12.7%

Enterprise value$6.36B+9.4%

P/E23.3×+0.2×

P/S4.9×+0.4×

Profitability

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Gross margin78.3%—

Net margin21%+1.5pp

FCF margin40.4%-0.6pp

Returns & leverage

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Return on equity10.9%+1.0pp

Debt / equity1.7×+0.1×

Where this comes from

Calculated from COPT Defense Properties’s reported figures.

operating income/total revenue=22.6%

Based on trailing twelve months.

The official record: COPT Defense Properties’s 10-Q, filed November 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.