Copa Holdings, S.A.(CPA)Earnings, Financials & Key Ratios
CPA•NYSE
9.3× P/E·Price updated Jun 19, 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$3.62B+5.0%
- EBITDA$1.18B+9.3%
- Net Income$672M+10.4%
- EPS (Diluted)16.28+11.9%
- Gross Margin35.56%-0.2%
- EBITDA Margin32.73%+4.1%
- Operating Margin22.64%+3.6%
- Net Margin18.57%+5.2%
- ROE26.09%-3.6%
CPA Key Insights
Copa Holdings, S.A. (CPA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 27.2%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 35.2%
- ✓Healthy dividend yield of 4.3%
- ✓Healthy 5Y average net margin of 13.1%
- ✓Trading near 52-week high
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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 Years4.85%
5 Years35.2%
3 Years6.86%
TTM9.25%
Profit CAGR
10 Years-
5 Years-
3 Years24.5%
TTM16.18%
EPS CAGR
10 Years-
5 Years-
3 Years27.36%
TTM17.13%
Return on Capital
10 Years9.99%
5 Years15.09%
3 Years19.03%
Last Year17.19%
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%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$5.16+24.6%
$4.14
Rev
$1.1B+1.5%
$1.0B
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$4.18-5.9%
$4.44
Rev
$963M+0.4%
$959M
Q4 2025
Nov 19, 2025Metric
Actual
Est
EPS
$4.20+4.2%
$4.03
Rev
$913M-0.3%
$916M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$3.61+11.1%
$3.25
Rev
$843M-7.9%
$915M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $5.16vs $4.14+24.6% | $1.1Bvs $1.0B+1.5% |
| Q1 2026 | 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% |
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 | 1.03B | 8.97 | -9.97 | -3.31% | -3.42% | -38.03% | 14.66 | |
 OMAB | 5.5B | 114.00 | 17.79 | 5.91% | 33.46% | 50.64% | 1.19 | |
 UAL | 38.41B | 118.32 | 11.58 | 3.52% | 6.06% | 24.91% | 2.03 | |
 AAL | 10.56B | 15.99 | 94.06 | 0.78% | 0.36% | |||
 DAL | 54.98B | 84.18 | 10.99 | 2.79% | 7.9% | 24.12% | 1.02 | |
 JBLU | 2.11B | 5.68 | -3.42 | -2.34% | -7.78% | -33.13% | 4.84 | |
 BA | 175.57B | 222.72 | 89.81 | 34.49% | 2.46% | 289.7% | 9.97 | |
 GE | 373.67B | 357.64 | 43.83 | 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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 2.52B | 2.68B | 2.71B | 801M | 1.51B | 2.97B | 3.46B | 3.45B | 3.62B | 3.77B |
Revenue Growth % | 13.64% | 6.18% | 1.11% | -70.41% | 88.5% | 96.37% | 16.59% | -0.31% | 4.98% | 9.25% |
Cost of Goods Sold | 1.67B | 1.89B | 1.84B | 846.44M | 1.09B | 2.07B | 2.18B | 2.22B | 2.33B | 2.44B |
COGS % of Revenue | 66.11% | 70.48% | 67.98% | 105.67% | 72.21% | 69.73% | 63.12% | 64.38% | 64.44% | - |
Gross Profit | 854.7M▲ 0% | 790.52M▼ 7.5% | 867.02M▲ 9.7% | -45.43M▼ 105.2% | 419.59M▲ 1023.5% | 897.53M▲ 113.9% | 1.27B▲ 42.1% | 1.23B▼ 3.7% | 1.29B▲ 4.8% | 1.33B▲ 0% |
Gross Margin % | 33.89% | 29.52% | 32.02% | -5.67% | 27.79% | 30.27% | 36.88% | 35.62% | 35.56% | 35.29% |
Gross Profit Growth % | 9.84% | -7.51% | 9.68% | -105.24% | 1023.53% | 113.91% | 42.05% | -3.72% | 4.8% | - |
Operating Expenses | 416.32M | 630.96M | 520.86M | 415.5M | 267.63M | 447.14M | 467.72M | 474.61M | 467.48M | 467.2M |
OpEx % of Revenue | 16.51% | 23.56% | 19.24% | 51.87% | 17.72% | 15.08% | 13.53% | 13.77% | 12.92% | - |
Selling, General & Admin | 200.26M | 210.16M | 210.62M | 70.39M | 129.88M | 224.47M | 227.17M | 207.97M | 208.29M | 212.84M |
SG&A % of Revenue | 7.94% | 7.85% | 7.78% | 8.79% | 8.6% | 7.57% | 6.57% | 6.03% | 5.76% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 216.06M | 420.8M | 310.24M | 345.1M | 137.75M | 222.68M | 240.55M | 266.64M | 259.19M | 4M |
Operating Income | 438.38M▲ 0% | 159.56M▼ 63.6% | 346.15M▲ 116.9% | -460.93M▼ 233.2% | 151.96M▲ 133.0% | 450.38M▲ 196.4% | 807.23M▲ 79.2% | 752.95M▼ 6.7% | 818.96M▲ 8.8% | 863.77M▲ 0% |
Operating Margin % | 17.38% | 5.96% | 12.79% | -57.54% | 10.06% | 15.19% | 23.35% | 21.85% | 22.64% | 22.91% |
Operating Income Growth % | 65.43% | -63.6% | 116.94% | -233.16% | 132.97% | 196.39% | 79.23% | -6.72% | 8.77% | - |
EBITDA | 605.71M | 436.13M | 628.23M | -201.59M | 391.9M | 718.09M | 1.11B | 1.08B | 1.18B | 916.92M |
EBITDA Margin % | 24.02% | 16.29% | 23.2% | -25.17% | 25.96% | 24.22% | 32.21% | 31.45% | 32.73% | 24.31% |
EBITDA Growth % | 39.95% | -28% | 44.05% | -132.09% | 294.4% | 83.23% | 55.04% | -2.67% | 9.27% | 15.4% |
D&A (Non-Cash Add-back) | 167.32M | 276.56M | 282.08M | 259.34M | 239.95M | 267.7M | 306.11M | 330.71M | 365.14M | 0 |
EBIT | 463M | 173.55M | 350.87M | -557.73M | 130.56M | 475.86M | 769.32M | 790.28M | 874M | 916.92M |
Net Interest Income | -33.16M | -27.2M | -33.03M | -53.08M | -65.39M | -69.6M | -108.01M | -25.58M | -35.8M | -38.12M |
Interest Income | 17.94M | 23.63M | 24.41M | 19.96M | 10.85M | 18.03M | 50.21M | 58.91M | 62.59M | 62.88M |
Interest Expense | 51.1M | 50.83M | 57.43M | 73.05M | 76.23M | 87.63M | 158.22M | 84.49M | 98.39M | 101M |
Other Income/Expense | -26.48M | -36.83M | -52.71M | -169.85M | -97.63M | -62.15M | -196.13M | -47.16M | -43.35M | -47.85M |
Pretax Income | 411.91M▲ 0% | 122.73M▼ 70.2% | 293.44M▲ 139.1% | -630.78M▼ 315.0% | 54.33M▲ 108.6% | 388.23M▲ 614.6% | 611.1M▲ 57.4% | 705.79M▲ 15.5% | 775.61M▲ 9.9% | 815.92M▲ 0% |
Pretax Margin % | 16.33% | 4.58% | 10.84% | -78.75% | 3.6% | 13.09% | 17.68% | 20.48% | 21.44% | 21.64% |
Income Tax | 49.31M | 34.53M | 46.44M | -23.72M | 10.49M | 40.18M | 97M | 97.67M | 103.96M | 108.57M |
Effective Tax Rate % | 11.97% | 28.14% | 15.83% | 3.76% | 19.3% | 10.35% | 15.87% | 13.84% | 13.4% | 13.31% |
Net Income | 362.6M▲ 0% | 88.2M▼ 75.7% | 247M▲ 180.1% | -607.06M▼ 345.8% | 43.84M▲ 107.2% | 348.05M▲ 693.8% | 514.1M▲ 47.7% | 608.11M▲ 18.3% | 671.65M▲ 10.4% | 707.35M▲ 0% |
Net Margin % | 14.38% | 3.29% | 9.12% | -75.79% | 2.9% | 11.74% | 14.87% | 17.65% | 18.57% | 18.76% |
Net Income Growth % | 12.12% | -75.68% | 180.05% | -345.77% | 107.22% | 693.85% | 47.71% | 18.29% | 10.45% | 16.18% |
Net Income (Continuing) | 362.6M | 88.2M | 247M | -607.06M | 43.84M | 348.05M | 514.1M | 608.11M | 671.65M | 707.35M |
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) | 8.55▲ 0% | 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% | 16.28▲ 11.9% | 17.18▲ 0% |
EPS Growth % | 12.06% | -75.56% | 179.43% | -344.52% | 107.21% | 665.05% | 62.18% | 13.85% | 11.89% | 17.13% |
EPS (Basic) | 8.55 | 2.09 | 5.84 | -14.28 | 1.03 | 8.58 | 12.78 | 14.55 | 16.28 | - |
Diluted Shares Outstanding | 42.42M | 42.18M | 42.28M | 42.51M | 42.6M | 47.36M | 40.2M | 41.8M | 41.26M | 41.18M |
Basic Shares Outstanding | 42.42M | 42.18M | 42.28M | 42.51M | 42.6M | 44.16M | 40.2M | 41.8M | 41.26M | 41.18M |
Dividend Payout Ratio | 29.45% | 167.36% | 44.71% | - | - | - | 26.09% | 44.26% | 39.58% | - |
CPA Balance Sheet
Copa Holdings, S.A. (CPA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.2B | 1.06B | 1.22B | 1.22B | 1.24B | 1.24B | 1.27B | 1.58B | 1.78B | 1.82B |
Cash & Short-Term Investments | 943.9M | 719.55M | 851.13M | 889.88M | 1.02B | 934.75M | 915.18M | 1.2B | 1.34B | 1.33B |
Cash Only | 238.79M | 153.35M | 158.73M | 119.06M | 211.08M | 122.42M | 206.38M | 613.31M | 382.55M | 374.22M |
Short-Term Investments | 705.11M | 566.2M | 692.4M | 770.82M | 806.34M | 812.32M | 708.81M | 585.92M | 955.6M | 959.46M |
Accounts Receivable | 115.64M | 96.36M | 109.64M | 71.09M | 97.24M | 148.14M | 177.28M | 187.68M | 197.64M | 207.74M |
Days Sales Outstanding | 16.74 | 13.13 | 14.78 | 32.4 | 23.51 | 18.24 | 18.72 | 19.88 | 19.94 | 19.85 |
Inventory | 81.83M | 86.53M | 69.1M | 74.32M | 74.78M | 93.33M | 116.6M | 132.34M | 148.13M | 152.25M |
Days Inventory Outstanding | 17.92 | 16.74 | 13.7 | 32.05 | 25.03 | 16.48 | 19.5 | 21.77 | 23.19 | 21.97 |
Other Current Assets | 11.7M | 144.98M | 188.96M | 174.79M | 44.01M | 6.49M | 14.19M | 3.02M | 32.77M | 29.29M |
Total Non-Current Assets | 3.05B | 3.02B | 3.12B | 2.63B | 3.01B | 3.45B | 3.93B | 4.17B | 4.8B | 5.08B |
Property, Plant & Equipment | 2.83B | 2.7B | 2.82B | 2.36B | 2.68B | 3.12B | 3.52B | 3.77B | 4.42B | 4.74B |
Fixed Asset Turnover | 0.89x | 0.99x | 0.96x | 0.34x | 0.56x | 0.95x | 0.98x | 0.91x | 0.82x | 0.86x |
Goodwill | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 20.38M | 0 | 0 |
Intangible Assets | 60.73M | 80.79M | 87.74M | 75.19M | 61.37M | 58.17M | 67.61M | 76.37M | 104.07M | 104.48M |
Long-Term Investments | 65.95M | 138.85M | 134.35M | 119.62M | 199.67M | 202.06M | 258.93M | 248.94M | 248.58M | 1.14B |
Other Non-Current Assets | 62.9M | 66.87M | 38.01M | 21.47M | 20.82M | 25.28M | 32.03M | 31.41M | 15.61M | 21.21M |
Total Assets | 4.25B▲ 0% | 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% | 6.58B▲ 14.6% | 6.89B▲ 0% |
Asset Turnover | 0.59x | 0.66x | 0.62x | 0.21x | 0.36x | 0.63x | 0.67x | 0.60x | 0.55x | 0.59x |
Asset Growth % | 10.58% | -3.9% | 6.36% | -11.36% | 10.25% | 10.41% | 10.8% | 10.5% | 14.64% | 59.88% |
Total Current Liabilities | 1.06B | 1.04B | 997.63M | 813.39M | 1.05B | 1.19B | 1.28B | 1.36B | 1.44B | 1.57B |
Accounts Payable | 129.96M | 124.96M | 119.33M | 63.46M | 112.6M | 166.66M | 182.3M | 229.1M | 164.32M | 211.66M |
Days Payables Outstanding | 28.45 | 24.17 | 23.67 | 27.37 | 37.69 | 29.42 | 30.49 | 37.69 | 25.73 | 27.26 |
Short-Term Debt | 298.46M | 311.96M | 122.58M | 127.95M | 196.6M | 142.48M | 222.43M | 254.85M | 239.02M | 218.25M |
Deferred Revenue (Current) | 494.37M | 502.02M | 532.49M | 486.74M | 592.05M | 707.1M | 666.92M | 681.34M | 155.58M | 2.01B |
Other Current Liabilities | -61.28M | 42.51M | 50.1M | 10.07M | 28.99M | 41.92M | 61.93M | 59.49M | 803.24M | 9.11M |
Current Ratio | 1.13x | 1.02x | 1.23x | 1.50x | 1.18x | 1.04x | 0.99x | 1.16x | 1.23x | 1.16x |
Quick Ratio | 1.06x | 0.94x | 1.16x | 1.41x | 1.11x | 0.96x | 0.90x | 1.07x | 1.13x | 1.06x |
Cash Conversion Cycle | 6.2 | 5.7 | 4.82 | 37.08 | 10.85 | 5.29 | 7.73 | 3.96 | 17.4 | 14.57 |
Total Non-Current Liabilities | 1.08B | 1.2B | 1.38B | 1.76B | 1.9B | 2B | 1.8B | 2.01B | 2.37B | 2.46B |
Long-Term Debt | 876.12M | 975.28M | 938.18M | 1.04B | 1.23B | 1.3B | 1.24B | 1.42B | 2.07B | 1.89B |
Capital Lease Obligations | 290.06M | 273.23M | 206.83M | 146.91M | 104.73M | 158.29M | 215.35M | 270.59M | 258.38M | 1.04B |
Deferred Tax Liabilities | 50.63M | 48.94M | 43.4M | 22.19M | 18.78M | 16.57M | 36.37M | 37.48M | 59.22M | 268.59M |
Other Non-Current Liabilities | -168.71M | 161.57M | 191.22M | 476.22M | 482.82M | 471.77M | 234.47M | 217.63M | -16.05M | 250.45M |
Total Liabilities | 2.14B | 2.25B | 2.41B | 2.57B | 2.95B | 3.2B | 3.07B | 3.37B | 3.81B | 4.02B |
Total Debt | 1.17B | 1.29B | 1.36B | 1.39B | 1.6B | 1.68B | 1.75B | 2B | 2.56B | 2.42B |
Net Debt | 935.79M | 1.13B | 1.2B | 1.28B | 1.39B | 1.56B | 1.54B | 1.39B | 2.18B | 2.04B |
Debt / Equity | 0.56x | 0.70x | 0.70x | 1.09x | 1.23x | 1.13x | 0.82x | 0.84x | 0.92x | 0.84x |
Debt / EBITDA | 1.94x | 2.95x | 2.16x | - | 4.09x | 2.34x | 1.57x | 1.85x | 2.16x | 2.64x |
Net Debt / EBITDA | 1.54x | 2.60x | 1.91x | - | 3.55x | 2.17x | 1.38x | 1.28x | 1.84x | 2.23x |
Interest Coverage | 9.06x | 3.41x | 6.11x | -7.64x | 1.71x | 5.43x | 4.86x | 9.35x | 8.88x | 9.08x |
Total Equity | 2.11B▲ 0% | 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% | 2.78B▲ 17.0% | 2.87B▲ 0% |
Equity Growth % | 14.28% | -12.83% | 5.12% | -33.66% | 1.23% | 14.83% | 42.22% | 11.83% | 16.95% | 62.49% |
Book Value per Share | 49.78 | 43.64 | 45.77 | 30.20 | 30.50 | 31.51 | 52.79 | 56.78 | 67.27 | 69.77 |
Total Shareholders' Equity | 2.11B | 1.84B | 1.93B | 1.28B | 1.3B | 1.49B | 2.12B | 2.37B | 2.78B | 2.87B |
Common Stock | 28.5M | 28.55M | 28.61M | 28.66M | 28.75M | 28.79M | 30.67M | 30.71M | 30.76M | 30.78M |
Retained Earnings | 2.15B | 1.87B | 1.97B | 1.32B | 1.37B | 1.72B | 2.1B | 2.44B | 2.84B | 2.98B |
Treasury Stock | -136.39M | -136.39M | -136.39M | -136.39M | -176.9M | -344.54M | -204.13M | -291.44M | -300.14M | -345.15M |
Accumulated OCI | -3.89M | -4.23M | -8.63M | -24.08M | -18.67M | -11.45M | -9.33M | -15.75M | -15.94M | -15.94M |
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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 727.33M | 341.53M | 782.98M | 5.28M | 507.29M | 758.54M | 1.04B | 996.85M | 1.12B | 1.28B |
Operating CF Margin % | 28.84% | 12.75% | 28.92% | 0.66% | 33.6% | 25.58% | 30.22% | 28.93% | 31.06% | - |
Operating CF Growth % | 23.99% | -53.04% | 129.26% | -99.33% | 9513.13% | 49.53% | 37.74% | -4.59% | 12.73% | 130.39% |
Net Income | 370.02M | 88.09M | 247M | -607.06M | 43.84M | 348.05M | 514.1M | 608.11M | 671.65M | 707.35M |
Depreciation & Amortization | 164.34M | 169.44M | 282.08M | 259.34M | 239.95M | 267.7M | 306.11M | 330.71M | 365.14M | 278.85M |
Stock-Based Compensation | 7.42M | 7.14M | 6.15M | 5.26M | 7.1M | 5.16M | 4.36M | 5.48M | 0 | 0 |
Deferred Taxes | 48M | 34.53M | 46.44M | -23.72M | 10.85M | 40.18M | 97M | 97.67M | 0 | 0 |
Other Non-Cash Items | -15.28M | 101.71M | 98.92M | 400.67M | 101.73M | 23.18M | 148.16M | -86.65M | 87M | 504.28M |
Working Capital Changes | 152.82M | -59.39M | 102.39M | -29.21M | 103.82M | 74.28M | -24.95M | 41.52M | 0 | 0 |
Change in Receivables | -3.35M | -3.06M | -16.98M | 70.34M | -36.05M | -51.65M | -27.56M | -15.46M | 0 | 0 |
Change in Inventory | 120.1M | -85.24M | 110.43M | -43.61M | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 25.14M | 11.4M | -3.57M | -66.83M | 54.26M | 40.04M | 19.37M | 46.78M | 0 | 0 |
Cash from Investing | -578.16M | -103.04M | -235.07M | -93.76M | -459.13M | -552.15M | -543M | -343.14M | -1.32B | -1.16B |
Capital Expenditures | -319.94M | -365.91M | -163.29M | -60.48M | -495.32M | -650.69M | -800.17M | -626.16M | -953.15M | -1.29B |
CapEx % of Revenue | 12.69% | 13.67% | 6.03% | 7.55% | 32.8% | 21.95% | 23.15% | 18.17% | 26.35% | 34.13% |
Acquisitions | 172.64M | 30.18M | 51.36M | 16.42M | 11.59M | 112.81M | 0 | 0 | 163K | -26.29M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -143.75M | 169.03M | -1.7M | 14.25M | 140.54M | 0 | 203.51M | 143.08M | 0 | 169.78M |
Cash from Financing | -204.76M | -323.94M | -545.33M | 93.61M | 88.54M | -273.69M | -394.03M | -219.65M | -36.06M | 91.3M |
Debt Issued (Net) | -206.72M | -282.59M | -434.9M | 127.6M | 129.05M | -106.06M | -73.94M | 136.8M | 297.58M | 347.57M |
Equity Issued (Net) | 0 | 0 | 0 | 0 | -40.51M | -167.64M | -105.93M | -87.31M | -8.71M | -53.71M |
Dividends Paid | -106.79M | -147.6M | -110.44M | -33.99M | 0 | 0 | -134.15M | -269.14M | -265.85M | -336.43M |
Share Repurchases | 0 | 0 | 0 | 0 | -40.51M | -167.64M | -105.93M | -87.31M | -8.71M | -53.71M |
Other Financing | 587K | 0 | 0 | 0 | 0 | 0 | -80M | 0 | -59.09M | 133.87M |
Net Change in Cash | -92.89M▲ 0% | -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% | -230.76M▼ 156.7% | 209.4M▲ 0% |
Free Cash Flow | 407.39M▲ 0% | -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% | 308.05M▼ 9.5% | 108.42M▲ 0% |
FCF Margin % | 16.15% | -0.91% | 22.89% | -4.84% | 1.56% | 4.26% | 6.22% | 9.88% | 8.51% | 2.88% |
FCF Growth % | -6.62% | -105.98% | 2641.79% | -106.26% | 160.72% | 436.33% | 70.15% | 58.44% | -9.53% | -71.1% |
FCF per Share | 9.60 | -0.58 | 14.66 | -0.91 | 0.55 | 2.67 | 5.35 | 8.15 | 7.47 | 2.63 |
FCF Conversion (FCF/Net Income) | 2.01x | 3.87x | 3.17x | -0.01x | 11.57x | 2.18x | 2.03x | 1.64x | 1.67x | 0.15x |
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 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 18.32% | 4.46% | 13.08% | -37.72% | 3.39% | 24.94% | 28.45% | 27.06% | 26.09% | 26.01% |
Return on Invested Capital (ROIC) | 11.44% | 3.97% | 8.5% | -12.14% | 4.34% | 11.76% | 18.03% | 15.22% | 14.09% | 13.75% |
Gross Margin | 33.89% | 29.52% | 32.02% | -5.67% | 27.79% | 30.27% | 36.88% | 35.62% | 35.56% | 35.29% |
Net Margin | 14.38% | 3.29% | 9.12% | -75.79% | 2.9% | 11.74% | 14.87% | 17.65% | 18.57% | 18.76% |
Debt / Equity | 0.56x | 0.70x | 0.70x | 1.09x | 1.23x | 1.13x | 0.82x | 0.84x | 0.92x | 0.84x |
Interest Coverage | 9.06x | 3.41x | 6.11x | -7.64x | 1.71x | 5.43x | 4.86x | 9.35x | 8.88x | 9.08x |
FCF Conversion | 2.01x | 3.87x | 3.17x | -0.01x | 11.57x | 2.18x | 2.03x | 1.64x | 1.67x | 0.15x |
Revenue Growth | 13.64% | 6.18% | 1.11% | -70.41% | 88.5% | 96.37% | 16.59% | -0.31% | 4.98% | 9.25% |
Related:CPA Dividend History·CPA Revenue History·CPA Price History·CPA P/E History·CPA Financial Ratios·CPA Institutional Holders
CPA Frequently Asked Questions
Copa Holdings, S.A. (CPA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Copa Holdings, S.A. (CPA) reported $3.77B in revenue for fiscal year 2025. This represents a 1199% increase from $290.4M in 2001.
Copa Holdings, S.A. (CPA) grew revenue by 5.0% over the past year. Growth has been modest.
Yes, Copa Holdings, S.A. (CPA) is profitable, generating $707.3M in net income for fiscal year 2025 (18.6% net margin).
Dividend & Returns
Yes, Copa Holdings, S.A. (CPA) pays a dividend with a yield of 4.27%. This makes it attractive for income-focused investors.
Copa Holdings, S.A. (CPA) has a return on equity (ROE) of 26.1%. This is excellent, indicating efficient use of shareholder capital.
Copa Holdings, S.A. (CPA) generated $108.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.