Copa Holdings, S.A.(CPA)Earnings, Financials & Key Ratios
CPA•NYSE
$122.55
$3.7B mkt cap·8.4× P/E·Price updated May 6, 2026
AboutCopa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft. Copa Holdings, S.A. was founded in 1947 and is based in Panama City, Panama.Show more
- Revenue$3.45B-0.3%
- EBITDA$1.08B-2.7%
- Net Income$608M+18.3%
- EPS (Diluted)14.55+13.8%
- Gross Margin31.86%-5.4%
- EBITDA Margin31.45%-2.4%
- Operating Margin21.85%-6.3%
- Net Margin17.65%+18.7%
- ROE27.06%-4.9%
- ROIC15.22%-15.5%
- Debt/Equity0.84+2.4%
- Interest Coverage8.91+73.7%
CPA Key Insights
Copa Holdings, S.A. (CPA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 26.8%
- ✓Strong 5Y profit CAGR of 19.7%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 5.3%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CPA Price & Volume
Copa Holdings, S.A. (CPA) stock price & volume — 10-year historical chart
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CPA Growth Metrics
Copa Holdings, S.A. (CPA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.45%
5 Years4.94%
3 Years31.66%
TTM1.36%
Profit CAGR
10 Years5.33%
5 Years19.74%
3 Years140.27%
TTM4.9%
EPS CAGR
10 Years5.97%
5 Years20.03%
3 Years141.74%
TTM4.89%
Return on Capital
10 Years10.74%
5 Years10.24%
3 Years17.78%
Last Year18.13%
CPA Recent Earnings
Copa Holdings, S.A. (CPA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q1 2026Latest
Feb 11, 2026EPS
$4.18
Est $4.44
-5.9%
Revenue
$963M
Est $959M
+0.4%
Q4 2025
Nov 19, 2025EPS
$4.20
Est $4.03
+4.2%
Revenue
$913M
Est $916M
-0.3%
Q3 2025
Aug 6, 2025EPS
$3.61
Est $3.25
+11.1%
Revenue
$843M
Est $915M
-7.9%
Q2 2025
May 7, 2025EPS
$4.28
Est $3.77
+13.5%
Revenue
$899M
Est $888M
+1.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 11, 2026 | $4.18vs $4.44-5.9% | $963Mvs $959M+0.4% |
| Q4 2025 | Nov 19, 2025 | $4.20vs $4.03+4.2% | $913Mvs $916M-0.3% |
| Q3 2025 | Aug 6, 2025 | $3.61vs $3.25+11.1% | $843Mvs $915M-7.9% |
| Q2 2025 | May 7, 2025 | $4.28vs $3.77+13.5% | $899Mvs $888M+1.3% |
Based on last 12 quarters of dataView full earnings history →
CPA Peer Comparison
Copa Holdings, S.A. (CPA) competitors in Commercial passenger airlines — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VLRS | 902.48M | 7.85 | -8.72 | -3.31% | -3.42% | -38.03% | 14.66 | |
 OMAB | 5.15B | 106.63 | 16.68 | 5.91% | 33.46% | 50.64% | 1.19 | |
 UAL | 32.48B | 100.03 | 9.79 | 3.52% | 6.06% | 24.91% | 2.03 | |
 AAL | 8.54B | 12.94 | 76.12 | 0.78% | 0.36% | |||
 DAL | 47.89B | 73.32 | 9.57 | 2.79% | 7.9% | 24.12% | 1.02 | |
 JBLU | 1.87B | 5.04 | -3.04 | -2.34% | -7.78% | -33.13% | 4.84 | |
 BA | 181.25B | 229.93 | 92.71 | 34.49% | 2.46% | 289.7% | 9.97 | |
 GE | 319.54B | 305.83 | 37.48 | 18.48% | 17.91% | 45.85% | 1.08 |
Compare CPA vs Peers
Copa Holdings, S.A. (CPA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CPA Income Statement
Copa Holdings, S.A. (CPA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.22B | 2.52B | 2.68B | 2.71B | 801M | 1.51B | 2.97B | 3.46B | 3.45B | 3.53B |
| Revenue Growth % | -1.25% | 13.5% | 6.18% | 1.11% | -70.41% | 88.5% | 96.37% | 16.59% | -0.31% | 1.36% |
| Cost of Goods Sold | 1.66B | 1.8B | 2B | 1.94B | 876.46M | 1.15B | 2.16B | 2.29B | 2.35B | 2.38B |
| COGS % of Revenue | 74.69% | 71.43% | 74.53% | 71.77% | 109.42% | 75.9% | 73.01% | 66.33% | 68.14% | - |
| Gross Profit | 562.34M▲ 0% | 720.37M▲ 28.1% | 682.08M▼ 5.3% | 764.21M▲ 12.0% | -75.46M▼ 109.9% | 363.82M▲ 582.1% | 800.27M▲ 120.0% | 1.16B▲ 45.4% | 1.1B▼ 5.7% | 1.15B▲ 0% |
| Gross Margin % | 25.31% | 28.57% | 25.47% | 28.23% | -9.42% | 24.1% | 26.99% | 33.67% | 31.86% | 32.51% |
| Gross Profit Growth % | 3.46% | 28.1% | -5.32% | 12.04% | -109.87% | 582.13% | 119.96% | 45.44% | -5.66% | - |
| Operating Expenses | 286.2M | 296.34M | 333.89M | 328.71M | 142.38M | 217.3M | 349.89M | 357.83M | 345.09M | 341.3M |
| OpEx % of Revenue | 12.88% | 11.75% | 12.47% | 12.14% | 17.78% | 14.39% | 11.8% | 10.35% | 10.01% | - |
| Selling, General & Admin | 286.2M | 296.34M | 333.89M | 328.71M | 142.37M | 217.3M | 349.89M | 357.83M | 345.09M | 341.3M |
| SG&A % of Revenue | 12.88% | 11.75% | 12.47% | 12.14% | 17.77% | 14.39% | 11.8% | 10.35% | 10.01% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -10K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 276.14M▲ 0% | 424.03M▲ 53.6% | 348.19M▼ 17.9% | 435.5M▲ 25.1% | -217.84M▼ 150.0% | 146.52M▲ 167.3% | 450.38M▲ 207.4% | 806.12M▲ 79.0% | 752.95M▼ 6.6% | 806.93M▲ 0% |
| Operating Margin % | 12.43% | 16.81% | 13% | 16.09% | -27.2% | 9.7% | 15.19% | 23.32% | 21.85% | 22.85% |
| Operating Income Growth % | 3.78% | 53.56% | -17.89% | 25.08% | -150.02% | 167.26% | 207.39% | 78.99% | -6.6% | - |
| EBITDA | 435.41M | 591.35M | 624.75M | 717.58M | 41.49M | 386.46M | 718.09M | 1.11B | 1.08B | 1.16B |
| EBITDA Margin % | 19.6% | 23.45% | 23.33% | 26.5% | 5.18% | 25.59% | 24.22% | 32.21% | 31.45% | 32.84% |
| EBITDA Growth % | 8.59% | 35.81% | 5.65% | 14.86% | -94.22% | 831.39% | 85.81% | 55.04% | -2.67% | 6.06% |
| D&A (Non-Cash Add-back) | 159.28M | 167.32M | 276.56M | 282.08M | 259.34M | 239.95M | 267.7M | 307.22M | 330.71M | 352.84M |
| EBIT | 409.84M | 448.58M | 173.55M | 350.87M | -557.73M | 130.56M | 473.97M | 768.21M | 790.28M | 865.54M |
| Net Interest Income | -24.02M | -17.28M | -27.2M | -33.03M | -53.08M | -65.39M | -67.71M | -106.9M | -25.58M | -30.3M |
| Interest Income | 13M | 17.94M | 23.63M | 24.41M | 19.96M | 10.85M | 18.03M | 50.21M | 58.91M | 62.11M |
| Interest Expense | 37.02M | 35.22M | 50.83M | 57.43M | 73.05M | 76.23M | 85.74M | 157.11M | 84.49M | 92.41M |
| Other Income/Expense | 96.68M | -10.68M | -225.46M | -142.06M | -412.94M | -92.19M | -62.15M | -195.02M | -47.16M | -33.81M |
| Pretax Income | 372.81M▲ 0% | 413.36M▲ 10.9% | 122.73M▼ 70.3% | 293.44M▲ 139.1% | -630.78M▼ 315.0% | 54.33M▲ 108.6% | 388.23M▲ 614.6% | 611.1M▲ 57.4% | 705.79M▲ 15.5% | 773.13M▲ 0% |
| Pretax Margin % | 16.78% | 16.39% | 4.58% | 10.84% | -78.75% | 3.6% | 13.09% | 17.68% | 20.48% | 21.89% |
| Income Tax | 38.27M | 49.31M | 34.53M | 46.44M | -23.72M | 10.49M | 40.18M | 97M | 97.67M | 107.92M |
| Effective Tax Rate % | 10.27% | 11.93% | 28.14% | 15.83% | 3.76% | 19.3% | 10.35% | 15.87% | 13.84% | 13.96% |
| Net Income | 334.54M▲ 0% | 364.05M▲ 8.8% | 88.2M▼ 75.8% | 247M▲ 180.1% | -607.06M▼ 345.8% | 43.84M▲ 107.2% | 348.05M▲ 693.8% | 514.1M▲ 47.7% | 608.11M▲ 18.3% | 665.21M▲ 0% |
| Net Margin % | 15.06% | 14.44% | 3.29% | 9.12% | -75.79% | 2.9% | 11.74% | 14.87% | 17.65% | 18.83% |
| Net Income Growth % | 248.7% | 8.82% | -75.77% | 180.05% | -345.77% | 107.22% | 693.85% | 47.71% | 18.29% | 4.9% |
| Net Income (Continuing) | 334.54M | 364.05M | 88.2M | 247M | -607.06M | 43.84M | 348.05M | 514.1M | 608.11M | 665.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 7.63▲ 0% | 8.55▲ 12.1% | 2.09▼ 75.6% | 5.84▲ 179.4% | -14.28▼ 344.5% | 1.03▲ 107.2% | 7.88▲ 665.0% | 12.78▲ 62.2% | 14.55▲ 13.8% | 16.17▲ 0% |
| EPS Growth % | 238.98% | 12.06% | -75.56% | 179.43% | -344.52% | 107.21% | 665.05% | 62.18% | 13.85% | 4.89% |
| EPS (Basic) | 7.63 | 8.55 | 2.09 | 5.84 | -14.28 | 1.03 | 8.58 | 12.78 | 14.55 | - |
| Diluted Shares Outstanding | 42.36M | 42.42M | 42.18M | 42.28M | 42.51M | 42.6M | 47.36M | 40.2M | 41.8M | 41.14M |
| Basic Shares Outstanding | 42.36M | 42.42M | 42.18M | 42.28M | 42.51M | 42.6M | 44.16M | 40.2M | 41.8M | 41.14M |
| Dividend Payout Ratio | 25.74% | 29.33% | 167.36% | 44.71% | - | - | - | 26.09% | 44.26% | - |
CPA Balance Sheet
Copa Holdings, S.A. (CPA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.07B | 1.2B | 1.06B | 1.22B | 1.22B | 1.24B | 1.24B | 1.27B | 1.58B | 1.47B |
| Cash & Short-Term Investments | 814.69M | 943.9M | 719.55M | 851.13M | 889.88M | 1.02B | 934.75M | 915.18M | 1.2B | 991.51M |
| Cash Only | 331.69M | 238.79M | 153.35M | 158.73M | 119.06M | 211.08M | 122.42M | 206.38M | 613.31M | 248.82M |
| Short-Term Investments | 483M | 705.11M | 566.2M | 692.4M | 770.82M | 806.34M | 812.32M | 708.81M | 585.92M | 742.69M |
| Accounts Receivable | 107.41M | 115.64M | 96.36M | 109.64M | 71.09M | 97.24M | 148.14M | 177.28M | 187.68M | 228.7M |
| Days Sales Outstanding | 17.64 | 16.74 | 13.13 | 14.78 | 32.4 | 23.51 | 18.24 | 18.72 | 19.88 | 20.17 |
| Inventory | 74.5M | 81.83M | 86.53M | 69.1M | 74.32M | 74.78M | 93.33M | 116.6M | 132.34M | 145.91M |
| Days Inventory Outstanding | 16.39 | 16.58 | 15.83 | 12.98 | 30.95 | 23.81 | 15.74 | 18.56 | 20.57 | 21.61 |
| Other Current Assets | 47.14M | 11.7M | 144.98M | 188.96M | 174.79M | 44.01M | 6.49M | 14.19M | 3.02M | 30.96M |
| Total Non-Current Assets | 2.78B | 3.05B | 3.02B | 3.12B | 2.63B | 3.01B | 3.45B | 3.93B | 4.17B | 4.8B |
| Property, Plant & Equipment | 2.62B | 2.83B | 2.7B | 2.82B | 2.36B | 2.68B | 3.12B | 3.52B | 3.77B | 4.33B |
| Fixed Asset Turnover | 0.85x | 0.89x | 0.99x | 0.96x | 0.34x | 0.56x | 0.95x | 0.98x | 0.91x | 0.88x |
| Goodwill | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 0 |
| Intangible Assets | 49.12M | 60.73M | 80.79M | 87.74M | 75.19M | 61.37M | 58.17M | 67.61M | 76.37M | 101.54M |
| Long-Term Investments | 953K | 65.95M | 138.85M | 134.35M | 119.62M | 199.67M | 202.06M | 258.93M | 248.94M | 1.38B |
| Other Non-Current Assets | 64.25M | 62.9M | 66.87M | 38.01M | 21.47M | 20.82M | 25.28M | 32.03M | 31.41M | 101.06M |
| Total Assets | 3.85B▲ 0% | 4.25B▲ 10.6% | 4.09B▼ 3.9% | 4.35B▲ 6.4% | 3.85B▼ 11.4% | 4.25B▲ 10.2% | 4.69B▲ 10.4% | 5.2B▲ 10.8% | 5.74B▲ 10.5% | 6.28B▲ 0% |
| Asset Turnover | 0.58x | 0.59x | 0.66x | 0.62x | 0.21x | 0.36x | 0.63x | 0.67x | 0.60x | 0.59x |
| Asset Growth % | -7.68% | 10.58% | -3.9% | 6.36% | -11.36% | 10.25% | 10.41% | 10.8% | 10.5% | 46.55% |
| Total Current Liabilities | 922.44M | 1.06B | 1.04B | 997.63M | 813.39M | 1.05B | 1.19B | 1.28B | 1.36B | 1.4B |
| Accounts Payable | 104.18M | 129.96M | 124.96M | 119.33M | 63.46M | 112.6M | 166.66M | 182.3M | 229.1M | 164.69M |
| Days Payables Outstanding | 22.91 | 26.33 | 22.86 | 22.41 | 26.43 | 35.86 | 28.1 | 29.02 | 35.61 | 29.55 |
| Short-Term Debt | 222.72M | 298.46M | 311.96M | 122.58M | 127.95M | 196.6M | 142.48M | 222.43M | 254.85M | 204.45M |
| Deferred Revenue (Current) | 405.28M | 494.37M | 502.02M | 532.49M | 486.74M | 592.05M | 707.1M | 666.92M | 681.34M | 2.37B |
| Other Current Liabilities | 45.06M | -61.28M | 42.51M | 50.1M | 10.07M | 28.99M | 41.92M | 61.93M | 59.49M | 751.06M |
| Current Ratio | 1.16x | 1.13x | 1.02x | 1.23x | 1.50x | 1.18x | 1.04x | 0.99x | 1.16x | 1.16x |
| Quick Ratio | 1.08x | 1.06x | 0.94x | 1.16x | 1.41x | 1.11x | 0.96x | 0.90x | 1.07x | 1.07x |
| Cash Conversion Cycle | 11.12 | 6.98 | 6.11 | 5.35 | 36.92 | 11.46 | 5.87 | 8.26 | 4.84 | 12.23 |
| Total Non-Current Liabilities | 1.08B | 1.08B | 1.2B | 1.38B | 1.76B | 1.9B | 2B | 1.8B | 2.01B | 2.21B |
| Long-Term Debt | 961.41M | 876.12M | 975.28M | 938.18M | 1.04B | 1.23B | 1.3B | 1.24B | 1.42B | 1.63B |
| Capital Lease Obligations | 461.7M | 290.06M | 273.23M | 206.83M | 146.91M | 104.73M | 158.29M | 215.35M | 270.59M | 1.07B |
| Deferred Tax Liabilities | 39.67M | 50.63M | 48.94M | 43.4M | 22.19M | 18.78M | 16.57M | 36.37M | 37.48M | 222.71M |
| Other Non-Current Liabilities | -413.01M | -168.71M | 161.57M | 191.22M | 476.22M | 482.82M | 471.77M | 234.47M | 217.63M | 916.87M |
| Total Liabilities | 2B | 2.14B | 2.25B | 2.41B | 2.57B | 2.95B | 3.2B | 3.07B | 3.37B | 3.61B |
| Total Debt | 1.18B | 1.17B | 1.29B | 1.36B | 1.39B | 1.6B | 1.68B | 1.75B | 2B | 2.17B |
| Net Debt | 852.45M | 935.79M | 1.13B | 1.2B | 1.28B | 1.39B | 1.56B | 1.54B | 1.39B | 1.92B |
| Debt / Equity | 0.64x | 0.56x | 0.70x | 0.70x | 1.09x | 1.23x | 1.13x | 0.82x | 0.84x | 0.84x |
| Debt / EBITDA | 2.72x | 1.99x | 2.06x | 1.90x | 33.61x | 4.15x | 2.34x | 1.57x | 1.85x | 1.87x |
| Net Debt / EBITDA | 1.96x | 1.58x | 1.81x | 1.67x | 30.74x | 3.61x | 2.17x | 1.38x | 1.28x | 1.28x |
| Interest Coverage | 7.46x | 12.04x | 6.85x | 7.58x | -2.98x | 1.92x | 5.25x | 5.13x | 8.91x | 9.37x |
| Total Equity | 1.85B▲ 0% | 2.11B▲ 14.3% | 1.84B▼ 12.8% | 1.93B▲ 5.1% | 1.28B▼ 33.7% | 1.3B▲ 1.2% | 1.49B▲ 14.8% | 2.12B▲ 42.2% | 2.37B▲ 11.8% | 2.67B▲ 0% |
| Equity Growth % | -7.72% | 14.28% | -12.83% | 5.12% | -33.66% | 1.23% | 14.83% | 42.22% | 11.83% | 54.79% |
| Book Value per Share | 43.61 | 49.78 | 43.64 | 45.77 | 30.20 | 30.50 | 31.51 | 52.79 | 56.78 | 64.86 |
| Total Shareholders' Equity | 1.85B | 2.11B | 1.84B | 1.93B | 1.28B | 1.3B | 1.49B | 2.12B | 2.37B | 2.67B |
| Common Stock | 28.45M | 28.5M | 28.55M | 28.61M | 28.66M | 28.75M | 28.79M | 30.67M | 30.71M | 30.76M |
| Retained Earnings | 1.89B | 2.15B | 1.87B | 1.97B | 1.32B | 1.37B | 1.72B | 2.1B | 2.44B | 2.73B |
| Treasury Stock | -136.39M | -136.39M | -136.39M | -136.39M | -136.39M | -176.9M | -344.54M | -204.13M | -291.44M | -300.14M |
| Accumulated OCI | -1.87M | -3.89M | -4.23M | -8.63M | -24.08M | -18.67M | -11.45M | -9.33M | -15.75M | -15.75M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CPA Cash Flow Statement
Copa Holdings, S.A. (CPA) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 586.59M | 727.33M | 341.53M | 782.98M | 5.28M | 507.29M | 758.54M | 1.04B | 996.85M | 996.85M |
| Operating CF Margin % | 26.4% | 28.84% | 12.75% | 28.92% | 0.66% | 33.6% | 25.58% | 30.22% | 28.93% | - |
| Operating CF Growth % | 77.79% | 23.99% | -53.04% | 129.26% | -99.33% | 9513.13% | 49.53% | 37.74% | -4.59% | 67.67% |
| Net Income | 334.54M | 370.02M | 88.09M | 247M | -607.06M | 43.84M | 348.05M | 514.1M | 608.11M | 665.21M |
| Depreciation & Amortization | 159.19M | 164.34M | 169.44M | 282.08M | 259.34M | 239.95M | 267.7M | 306.11M | 330.71M | 352.84M |
| Stock-Based Compensation | 7.54M | 7.42M | 7.14M | 6.15M | 5.26M | 7.1M | 5.16M | 4.36M | 5.48M | 5.48M |
| Deferred Taxes | 38.27M | 48M | 34.53M | 46.44M | -23.72M | 10.85M | 40.18M | 97M | 97.67M | 10.51M |
| Other Non-Cash Items | -113.01M | -15.28M | 101.71M | 98.92M | 400.67M | 101.73M | 23.18M | 148.16M | -86.65M | 77.45M |
| Working Capital Changes | 160.05M | 152.82M | -59.39M | 102.39M | -29.21M | 103.82M | 74.28M | -24.95M | 41.52M | -22.55M |
| Change in Receivables | -9.82M | -3.35M | -3.06M | -16.98M | 70.34M | -36.05M | -51.65M | -27.56M | -15.46M | -15.46M |
| Change in Inventory | 69.7M | 120.1M | -85.24M | 110.43M | -43.61M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 19.46M | 25.14M | 11.4M | -3.57M | -66.83M | 54.26M | 40.04M | 19.37M | 46.78M | 0 |
| Cash from Investing | -171.91M | -578.16M | -103.04M | -235.07M | -93.76M | -459.13M | -552.15M | -543M | -343.14M | -1.04B |
| Capital Expenditures | -150.3M | -319.94M | -365.91M | -163.29M | -60.48M | -495.32M | -650.69M | -800.17M | -626.16M | -744.2M |
| CapEx % of Revenue | 6.76% | 12.69% | 13.67% | 6.03% | 7.55% | 32.8% | 21.95% | 23.15% | 18.17% | - |
| Acquisitions | 49.34M | 172.64M | 30.18M | 51.36M | 16.42M | 11.59M | 112.81M | 0 | 0 | 16M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3.85M | -143.75M | 169.03M | -1.7M | 14.25M | 140.54M | 0 | 203.51M | 143.08M | -363.36M |
| Cash from Financing | -248.63M | -204.76M | -323.94M | -545.33M | 93.61M | 88.54M | -273.69M | -394.03M | -219.65M | -48.36M |
| Debt Issued (Net) | -162.56M | -206.72M | -282.59M | -434.9M | 127.6M | 129.05M | -106.06M | -73.94M | 136.8M | 97.88M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -2M |
| Dividends Paid | -86.12M | -106.79M | -147.6M | -110.44M | -33.99M | 0 | 0 | -134.15M | -269.14M | -468.58M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -40.51M | -167.64M | -105.93M | -87.31M | -96.01M |
| Other Financing | 56K | 587K | 0 | 0 | 0 | 0 | 0 | -80M | 0 | 418.35M |
| Net Change in Cash | 126.97M▲ 0% | -92.89M▼ 173.2% | -85.44M▲ 8.0% | 2.57M▲ 103.0% | -39.67M▼ 1641.1% | 92.02M▲ 332.0% | -88.66M▼ 196.3% | 83.95M▲ 194.7% | 406.94M▲ 384.7% | -26.42M▲ 0% |
| Free Cash Flow | 436.29M▲ 0% | 407.39M▼ 6.6% | -24.38M▼ 106.0% | 619.69M▲ 2641.8% | -38.79M▼ 106.3% | 23.55M▲ 160.7% | 126.31M▲ 436.3% | 214.91M▲ 70.1% | 340.51M▲ 58.4% | -272.94M▲ 0% |
| FCF Margin % | 19.64% | 16.15% | -0.91% | 22.89% | -4.84% | 1.56% | 4.26% | 6.22% | 9.88% | -7.73% |
| FCF Growth % | 199.53% | -6.62% | -105.98% | 2641.79% | -106.26% | 160.72% | 436.33% | 70.15% | 58.44% | -295.78% |
| FCF per Share | 10.30 | 9.60 | -0.58 | 14.66 | -0.91 | 0.55 | 2.67 | 5.35 | 8.15 | 8.15 |
| FCF Conversion (FCF/Net Income) | 1.75x | 2.00x | 3.87x | 3.17x | -0.01x | 11.57x | 2.18x | 2.03x | 1.64x | -0.41x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CPA Key Ratios
Copa Holdings, S.A. (CPA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 17.38% | 18.39% | 4.46% | 13.08% | -37.72% | 3.39% | 24.94% | 28.45% | 27.06% | 24.93% |
| Return on Invested Capital (ROIC) | 7.14% | 11.07% | 8.67% | 10.69% | -5.74% | 4.18% | 11.76% | 18.01% | 15.22% | 15.22% |
| Gross Margin | 25.31% | 28.57% | 25.47% | 28.23% | -9.42% | 24.1% | 26.99% | 33.67% | 31.86% | 32.51% |
| Net Margin | 15.06% | 14.44% | 3.29% | 9.12% | -75.79% | 2.9% | 11.74% | 14.87% | 17.65% | 18.83% |
| Debt / Equity | 0.64x | 0.56x | 0.70x | 0.70x | 1.09x | 1.23x | 1.13x | 0.82x | 0.84x | 0.84x |
| Interest Coverage | 7.46x | 12.04x | 6.85x | 7.58x | -2.98x | 1.92x | 5.25x | 5.13x | 8.91x | 9.37x |
| FCF Conversion | 1.75x | 2.00x | 3.87x | 3.17x | -0.01x | 11.57x | 2.18x | 2.03x | 1.64x | -0.41x |
| Revenue Growth | -1.25% | 13.5% | 6.18% | 1.11% | -70.41% | 88.5% | 96.37% | 16.59% | -0.31% | 1.36% |
CPA Frequently Asked Questions
Copa Holdings, S.A. (CPA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Copa Holdings, S.A. (CPA) reported $3.53B in revenue for fiscal year 2024. This represents a 1116% increase from $290.4M in 2001.
Copa Holdings, S.A. (CPA) saw revenue decline by 0.3% over the past year.
Yes, Copa Holdings, S.A. (CPA) is profitable, generating $665.2M in net income for fiscal year 2024 (17.6% net margin).
Dividend & Returns
Yes, Copa Holdings, S.A. (CPA) pays a dividend with a yield of 5.25%. This makes it attractive for income-focused investors.
Copa Holdings, S.A. (CPA) has a return on equity (ROE) of 27.1%. This is excellent, indicating efficient use of shareholder capital.
Copa Holdings, S.A. (CPA) had negative free cash flow of $272.9M in fiscal year 2024, likely due to heavy capital investments.
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Copa Holdings, S.A. (CPA) financial analysis — history, returns, DCA and operating performance tools
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