Copa Holdings, S.A. (CPA) vs JetBlue Airways Corporation (JBLU)

Copa Holdings, S.A. and JetBlue Airways Corporation are both Airlines companies. Copa Holdings, S.A. is the larger, with a market value of $5.3B against $1.7B — 3.2× the size. JetBlue Airways Corporation has negative trailing earnings, so its P/E is not meaningful; Copa Holdings, S.A. trades at 8.8×. Copa Holdings, S.A. grew revenue faster over the last twelve months: 14.8% against 3.99%. Copa Holdings, S.A. has the higher net margin (15.7% vs −9.32%) and the higher return on invested capital (12.4% vs −4.40%). Across the 19 metrics below, Copa Holdings, S.A. leads on 15 and JetBlue Airways Corporation on 4.

Valuation

Metric CPA JBLU Airlines median
P/E 8.79 n/m 10.32
P/S 1.37 0.17 0.57
P/B 1.90 1.04 2.06
Price to free cash flow 30.89 n/m 13.20
EV/EBITDA 8.39 55.48 9.68
EV/Sales 1.62 0.85 0.89
Earnings yield 11.37% (54.32%) 2.85%
Free cash flow yield 3.24% (71.28%) 3.17%

Profitability

Metric CPA JBLU Airlines median
Gross margin 62.38% 57.16% 42.57%
Operating margin 19.36% (5.95%) 4.18%
Net margin 15.71% (9.32%) 1.85%
Free cash flow margin 4.44% (12.41%) 4.31%
Return on equity 23.07% (44.36%) 10.75%
Return on assets 9.54% (5.33%) 1.67%
Return on invested capital 12.43% (4.40%) 3.19%

Growth

Metric CPA JBLU Airlines median
Revenue growth (TTM) 14.75% 3.99% 9.79%
EPS growth (last fiscal year) 11.81% 27.83% —
Revenue growth, 5-year CAGR 35.20% 25.10% 25.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CPA JBLU Airlines median
Debt to equity 0.79 5.34 0.81
Current ratio 1.06 0.70 0.60
Net debt to EBITDA 0.54 19.50 1.42

Dividend

Metric CPA JBLU Airlines median
Dividend yield 5.83% — 0.82%
Payout ratio 0.21 0.00 0.00

Size

Metric CPA JBLU Airlines median
Market cap 5.30b 1.66b 3.91b

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