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) Gross margin
Copa Holdings, S.A.'s gross margin over the twelve months to 30 June 2026 was 62.4%, down 4.6 percentage points from fiscal 2025 (67.0%). Over the past ten years it has ranged from 56.8% (fiscal 2015) to 69.5% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Airlines industry median of 51.7% and above the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 67.0% | 0.78 |
| FY2024 | 66.2% | 1.43 |
| FY2023 | 64.8% | 6.16 |
| FY2022 | 58.6% | (10.85) |
| FY2021 | 69.5% | 3.33 |
| FY2020 | 66.1% | 0.34 |
| FY2019 | 65.8% | 2.43 |
| FY2018 | 63.4% | (4.73) |
| FY2017 | 68.1% | 1.28 |
| FY2016 | 66.8% | 10.03 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 50.9% | (15.21) |
| Mar 2026 | 66.1% | 0.72 |
| Dec 2025 | 65.3% | (3.08) |
| Sep 2025 | 68.4% | 1.11 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ALK Alaska Air Group, Inc. compare | 100.0% |
| AERO Grupo Aeromexico SAB DE CV - Sponsored ADR compare | 73.7% |
| SKYW SkyWest, Inc. compare | 69.8% |
| CPA Copa Holdings, S.A. | 62.4% |
| ALGT Allegiant Travel Company compare | 25.0% |
| LTM LATAM Airlines Group S.A. compare | 25.0% |
| ULCC Frontier Group Holdings, Inc. compare | 23.3% |
| LUV Southwest Airlines Co. compare | 22.9% |
| AAL American Airlines Group Inc. compare | 20.7% |
| Airlines industry median | 51.7% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CPA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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