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
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Copa Holdings, S.A. (CPA) Free cash flow margin
Copa Holdings, S.A.'s free cash flow margin over the twelve months to 30 June 2026 was 4.44%, up 3.0 percentage points from fiscal 2025 (1.45%). Over the past ten years it has ranged from −3.06% (fiscal 2020) to 29.2% (fiscal 2021); the current reading is higher than 18% of that period. That is above the Airlines industry median of 3.29% and above the Industrials sector median of 2.06%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 1.45% | (8.81) |
| FY2024 | 10.3% | (8.49) |
| FY2023 | 18.8% | 14.86 |
| FY2022 | 3.89% | (25.32) |
| FY2021 | 29.2% | 32.27 |
| FY2020 | −3.06% | (30.42) |
| FY2019 | 27.4% | 20.75 |
| FY2018 | 6.61% | (18.28) |
| FY2017 | 24.9% | 1.07 |
| FY2016 | 23.8% | 6.92 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| LTM LATAM Airlines Group S.A. compare | 12.7% |
| AERO Grupo Aeromexico SAB DE CV - Sponsored ADR compare | 11.5% |
| ALGT Allegiant Travel Company compare | 6.69% |
| CPA Copa Holdings, S.A. | 4.44% |
| SKYW SkyWest, Inc. compare | 3.19% |
| LUV Southwest Airlines Co. compare | 0.56% |
| ULCC Frontier Group Holdings, Inc. compare | 0.04% |
| AAL American Airlines Group Inc. compare | −0.15% |
| ALK Alaska Air Group, Inc. compare | −4.25% |
| Airlines industry median | 3.29% |
| Industrials sector median | 2.06% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on CPA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement