CDP vs ESRT vs MANU Stock Comparison

Copt Defense Properties, Empire State Realty Trust and Manchester United Prices as of Oct 27, 2026 Peers: Industry group
CDP Copt Defense Properties
$33.94 +0.1% 1M +20.1% 1Y
Market cap
$3.77B
P/E
23.0x
Revenue (TTM)
$784.18M
Div. yield
0.04%
Office REITs Real Estate
8 wins
MANU Manchester United plc
$20.68 +1.5% 1M +13.4% 1Y
Market cap
$3.58B
P/E
–
Revenue (TTM)
$909.31M
Div. yield
–
Entertainment Venues Consumer Discretionary
3 wins

Head to Head

11 decided of 12

Copt Defense Properties leads on 8 of the 12 questions below (Copt Defense Properties 8, Manchester United 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDPESRTMANULeader
Larger companyMarket capitalisation $3.77B $847.50M $3.58B CDP
Cheaper on earningsLower P/E, profitable companies only 23.0x 275.8x -61.8x CDP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.9x — — –
Faster revenue growthRevenue growth, trailing twelve months +4.5% +2.0% +5.5% MANU
More profitableNet margin, trailing twelve months 20.9% 0.4% -6.4% CDP
Better return on capitalReturn on invested capital 5.0% -1.1% 2.6% CDP
Less leveragedLower net debt / EBITDA 6.7x 5.0x 2.4x MANU
Higher dividend yieldTrailing dividend yield 0.04% 0.03% 0.00% CDP
Better 1-year returnPrice return, last 12 months +20.1% -36.8% +13.4% CDP
Better 5-year returnAnnualised price return, 5 years +4.3%/yr -12.8%/yr +4.9%/yr MANU
Less volatileAnnualised volatility, 1 year 18.5% 36.6% 33.6% CDP
Higher overall scoreMean of the five percentile scores vs peers 49/100 35/100 46/100 CDP

Percentile Scorecard

CDPESRTMANU

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDPESRTMANU
Valuation 48 #76 of 145 78 #33 of 145 30 #31 of 44
Growth 61 #56 of 141 1 #139 of 141 76 #11 of 43
Profitability 78 #30 of 134 26 #99 of 134 53 #20 of 41
Financial Health 26 #102 of 138 57 #60 of 138 24 #36 of 47
Shareholder Returns 33 #88 of 131 13 #114 of 131 –
Overall 49 35 46
  • CDP ranked among 149 companies in Property REITs
  • ESRT ranked among 149 companies in Property REITs
  • MANU ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDPESRTMANUSPY
1 month +0.1%+22.4%+1.5% -0.2%
3 months -11.2%-11.1%-11.5% +3.9%
6 months +5.8%-12.2%+18.3% +8.2%
Year to date +22.1%-22.9%+29.9% +12.9%
1 year +20.1%-36.8%+13.4% +12.3%
3 years +47.8%-37.3%+16.9% +87.4%
3 years, per year +13.9%-14.4%+5.3% +23.3%
5 years +23.3%-49.6%+26.9% +67.9%
5 years, per year +4.3%-12.8%+4.9% +10.9%
10 years +26.1%-74.0%+34.7% +261.1%
10 years, per year +2.3%-12.6%+3.0% +13.7%

Risk

MeasureCDPESRTMANUSPY
Volatility, 1Y 18.5%36.6%33.6% 12.7%
Downside volatility, 1Y 16.9%41.8%32.0% 12.7%
Beta vs S&P 500, 1Y 0.110.320.67 1.00
Return / volatility, 1Y 1.09-1.010.40 0.97
Max drawdown, 5Y -26.0%-65.6%-54.5% -25.4%
From 52-week high -11.5%-36.8%-14.5% -1.2%
52-week high $38.34$7.96$24.19 $779.14
52-week low $27.32$3.93$15.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDPESRTMANU
P/E now vs peer median 23.3xmedian 26.3x 280.0xmedian 26.3x -61.6xmedian 17.0x
P/S now vs peer median 4.9xmedian 4.0x 1.1xmedian 4.0x 4.0xmedian 1.9x
EV/EBITDA now vs peer median 16.7xmedian 14.4x 10.0xmedian 14.4x 12.9xmedian 10.8x
P/FCF now vs peer median 121.7xmedian 23.3x -2.0xmedian 23.3x 9.9xmedian 11.2x
P/B now vs peer median 2.4xmedian 1.3x 0.5xmedian 1.3x 18.1xmedian 2.4x
PEG now vs peer median -4.29median 1.91 -4.68median 1.91 3.64median 0.56

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDPESRTMANU
Revenue $784.18M $784.18M $909.31M
Gross profit $754.22M – -$21.12M
Operating income $207.72M -$34.52M $30.28M
Net income $171.84M $9.26M -$57.81M
Free cash flow $31.63M -$437.31M $363.93M
EPS (diluted) $1.43 $0.01 $-0.34
Cash & equivalents $24.16M $85.61M $89.13M
Total debt $2.59B $4.54B $3.96B
Shares (diluted) 114.90M 268.95M 172.43M
Enterprise value $3.42B $406.30M $3.24B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDPESRTMANU
P/E 23.3x 280.0x -61.6x
P/FCF 121.7x -2.0x 9.9x
P/Operating cash flow 11.4x 3.8x 14.2x
P/S 4.9x 1.1x 4.0x
P/B 2.4x 0.5x 18.1x
P/Tangible book 2.4x 0.5x 18.1x
EV/EBITDA 16.7x 10.0x 12.9x
EV/EBIT 30.9x -50.2x 146.2x
EV/Revenue 8.2x 2.2x 4.9x
EV/FCF 202.9x -4.0x 12.2x
EV/Operating cash flow 19.0x 7.6x 17.5x
PEG (3Y EPS CAGR) -4.29 -4.68 3.64

Growth

14 metrics
MetricCDPESRTMANU
Revenue growth (1Y) 4.5% 2.0% 5.5%
Revenue CAGR (3Y) 4.1% 2.9% 5.2%
Gross profit growth (1Y) 7.6% – 24.6%
Gross profit CAGR (3Y) 7.4% – –
Operating income growth (1Y) 19.5% -123.1% 223.3%
Operating income CAGR (3Y) 28.6% -31.0% 62.2%
Net income growth (1Y) 14.4% -86.5% -36.0%
Net income CAGR (3Y) -4.4% -51.3% -19.1%
EPS growth (1Y) 12.2% -92.4% -35.3%
EPS CAGR (3Y) -5.4% -59.8% -16.9%
Operating cash flow growth (1Y) 3.5% -13.3% 128.3%
Operating cash flow CAGR (3Y) 8.0% -0.8% 22.8%
Free cash flow growth (1Y) -17.2% -169.4% 141.3%
Free cash flow CAGR (3Y) 31.7% -149.9% 34.6%

Profitability

14 metrics
MetricCDPESRTMANU
Gross margin 96.2% – -2.3%
EBITDA margin 49.1% 22.1% 37.6%
Operating margin 26.5% -4.4% 3.3%
Pretax margin 21.5% 1.3% -7.0%
Net margin 20.9% 0.4% -6.4%
FCF margin 4.0% -55.8% 40.0%
Operating cash flow margin 43.0% 29.0% 27.8%
Return on equity 10.9% 0.5% -26.5%
Return on assets 3.8% 0.2% -2.8%
Return on invested capital 5.0% -1.1% 2.6%
Return on capital employed – – 2.5%
Asset turnover 0.2x 0.2x 0.4x
Cash conversion (OCF / net income) 2.0x 24.6x -4.4x
Stock comp / revenue 1.6% 3.9% 0.0%

Financial Health

11 metrics
MetricCDPESRTMANU
Debt / assets 57.4% 22.4% 44.5%
Debt / equity 1.6x 0.5x 4.6x
Net debt / EBITDA 6.7x 5.0x 2.4x
Debt / FCF 82.0x -2.2x 2.5x
Liabilities / assets 65.0% 58.1% 90.3%
Equity / assets 35.0% 41.9% 9.7%
Interest coverage 2.2x -0.3x 0.5x
Current ratio – – 0.3x
Quick ratio – – 0.2x
Cash ratio – – 0.1x
Altman Z-score – – 0.97

Shareholder Returns

7 metrics
MetricCDPESRTMANU
Dividend yield 3.7% 3.1% –
Net buyback yield – – –
Shareholder yield 3.7% 3.1% 0.0%
Payout ratio (earnings) 81.3% 259.1% –
Payout ratio (FCF) 441.8% -5.5% –
Dividend growth (1Y) 4.1% 2.2% –
Dividend CAGR (3Y) 3.8% 1.9% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDPESRTMANU
Forward P/E 22.9xFY2026 – –
EPS, next fiscal year $1.48FY2026 $-0.35FY2027 $-0.18FY2027
EPS growth, next FY +10.4%FY2026 -240.0%FY2027 –
EPS growth, the year after -5.4% – –
Revenue, next fiscal year $739.29MFY2026 $758.24MFY2026 $1.07BFY2027
Revenue growth, next FY +3.5%FY2026 -1.3%FY2026 +19.6%FY2027
Revenue growth, the year after +10.5% +4.5% -6.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDPESRTMANU
Held by institutions 100.0% 83.6% 17.1%
Institutions holding 329 228 125
Change in shares held, QoQ +0.5% +0.4% +5.0%
Institutions buying 156 141 63
Institutions selling 108 51 30
Buyers to sellers 1.44 2.76 2.10

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDPESRTMANU
CDP 1.00 0.39 0.11
ESRT 0.39 1.00 0.21
MANU 0.11 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDP, ESRT and MANU?

Copt Defense Properties (CDP) is the largest by market capitalisation: Copt Defense Properties (CDP) $3.77B, Empire State Realty Trust (ESRT) $847.50M, Manchester United (MANU) $3.58B.

Which stock is cheaper, CDP, ESRT and MANU?

Copt Defense Properties (CDP) trades on the lowest price-to-earnings ratio (Copt Defense Properties (CDP) 23.0x, Empire State Realty Trust (ESRT) 275.8x, Manchester United (MANU) -61.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Manchester United (MANU) grew revenue fastest over the trailing twelve months: Copt Defense Properties (CDP) +4.5%, Empire State Realty Trust (ESRT) +2.0%, Manchester United (MANU) +5.5%.

Which company is more profitable?

Copt Defense Properties (CDP) has the highest net margin (Copt Defense Properties (CDP) 20.9%, Empire State Realty Trust (ESRT) 0.4%, Manchester United (MANU) -6.4%). On return on invested capital, Copt Defense Properties (CDP) leads (Copt Defense Properties (CDP) 5.0%, Empire State Realty Trust (ESRT) -1.1%, Manchester United (MANU) 2.6%).

Which stock has performed better?

Over the past year Copt Defense Properties (CDP) returned the most: Copt Defense Properties (CDP) +20.1%, Empire State Realty Trust (ESRT) -36.8%, Manchester United (MANU) +13.4%. Over five years, Manchester United (MANU) compounded fastest (Copt Defense Properties (CDP) +4.3%/yr, Empire State Realty Trust (ESRT) -12.8%/yr, Manchester United (MANU) +4.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Copt Defense Properties (CDP) has the highest dividend yield: Copt Defense Properties (CDP) 0.04%, Empire State Realty Trust (ESRT) 0.03%, Manchester United (MANU) 0.00%. Manchester United (MANU) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Copt Defense Properties (CDP) has been the steadiest (Copt Defense Properties (CDP) 18.5%, Empire State Realty Trust (ESRT) 36.6%, Manchester United (MANU) 33.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDP, ESRT and MANU?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Copt Defense Properties (CDP) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.