Friday 6 November 2026 Export CPA’s income statement to Excel — free account

Copa Holdings, S.A.

CPA Industrials Airlines

Copa Holdings, S.A.’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 4.98% from fiscal 2024.

Revenue: +25.7%
EPS: −53.7%
Free cash flow: +207.6%
Total debt: +32.3%

Quarter to June 2026, against a year earlier

Dividend growth 3 yrs

142.24 3.65 −2.50%

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Market cap: $5.8B
P/E: 9.4×
Fwd P/E: 8.5×
Dividend yield: 4.74%
F-score: 6/9
Altman Z: 2.42
Beneish M: −2.73
Dividend safety: 53/100

Overview

Copa Holdings, S.A. (CPA) Debt to equity

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Copa Holdings, S.A.'s debt to equity at the end of the quarter to 30 June 2026 was 0.8×, up 0.1× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.5× (fiscal 2019) to 1.1× (fiscal 2021); the current reading is higher than 55% of that period. That is in line with the Airlines industry median of 0.8× and above the Industrials sector median of 0.3×.

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<iframe src="https://stockrow.com/embed/CPA/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Copa Holdings, S.A. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CPA/metrics/debt-to-equity">Copa Holdings, S.A. (CPA) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.7×	1.33%
FY2024	0.7×	2.16%
FY2023	0.7×	(28.79%)
FY2022	1.0×	(11.77%)
FY2021	1.1×	20.99%
FY2020	0.9×	65.41%
FY2019	0.5×	(23.49%)
FY2018	0.7×	15.60%
FY2017	0.6×	(3.58%)
FY2016	0.6×	(21.55%)

Period	Debt to equity	Change
Jun 2026	0.8×	7.74%
Mar 2026	0.7×	2.84%
Dec 2025	0.7×	3.69%
Sep 2025	0.7×	2.58%
41 more quarters	Free account

Against its own ten years

Low 0.5× High 1.1×

Ten-year median 0.7×

Current reading's percentile 55

Company	Debt to equity
AAL American Airlines Group Inc. compare	−7.0×
AERO Grupo Aeromexico SAB DE CV - Sponsored ADR compare	−6.8×
LTM LATAM Airlines Group S.A. compare	0.0×
CPA Copa Holdings, S.A.	0.8×
LUV Southwest Airlines Co. compare	0.8×
SKYW SkyWest, Inc. compare	0.8×
ALGT Allegiant Travel Company compare	1.6×
ALK Alaska Air Group, Inc. compare	1.7×
ULCC Frontier Group Holdings, Inc. compare	15.0×
Airlines industry median	0.8×
Industrials sector median	0.3×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Copa Holdings, S.A. (CPA) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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