Growth Metrics

Copa Holdings (CPA) FCF Margin (2014 - 2025)

Copa Holdings recorded quarterly FCF Margin of 98.66% in Q4 2025, down 280.9% quarter-over-quarter from 54.54% in Q3 2025, and down 15329.0% year-over-year from N/an in Q4 2024.

Copa Holdings' FCF Margin history runs 12 years deep, the most recent figure standing at 98.66% for Q4 2025.

  • In Q4 2025, FCF Margin fell 15329.0% year-over-year to 98.66%; the TTM figure through Dec 2025 stood at 0.89% (down 3217.0% YoY), while the FY2025 annual figure was 11.69%, down 251.0% from the prior year.
  • FCF Margin came in at 98.66% for Q4 2025 at Copa Holdings, down from 54.54% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 54.64% in Q4 2024 to a low of 98.66% in Q4 2025.
  • A 5-year average of 23.56% and a median of 26.08% in 2022 frame the typical range for FCF Margin.
  • Across the five-year window, FCF Margin surged 117095 bps in 2021 and tumbled 15329 bps in 2025, its largest moves.
  • Copa Holdings' FCF Margin stood at 42.44% in 2021, then plunged by 55 bps to 19.01% in 2022, then increased by 17 bps to 22.28% in 2023, then jumped by 145 bps to 54.64% in 2024, then slumped by 281 bps to 98.66% in 2025.
  • According to Business Quant data, FCF Margin over the past three periods registered 98.66%, 54.54%, and 33.09% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 9.03%
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 10.87%
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 264.47%
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 32.60%
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 11.85%
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 12.87%
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn -98.66%
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn -0.27%
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 33.14%
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 2.82%

Historic Data

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DateValue
Dec 31, 2025 -98.66%
Sep 30, 2025 54.54%
Jun 30, 2025 33.09%
Mar 31, 2025 22.85%
Dec 31, 2024 54.64%
Sep 30, 2024 22.07%
Jun 30, 2024 32.92%
Mar 31, 2024 22.50%
Dec 31, 2023 22.28%
Sep 30, 2023 39.69%
Jun 30, 2023 26.79%
Mar 31, 2023 23.46%
Dec 31, 2022 19.01%
Sep 30, 2022 26.64%
Jun 30, 2022 22.86%
Mar 31, 2022 29.63%
Dec 31, 2021 42.44%
Sep 30, 2021 25.52%
Jun 30, 2021 49.48%
Mar 31, 2021 -0.48%
Dec 31, 2020 50.79%
Sep 30, 2020 -57.64%
Jun 30, 2020 -1,121.47%
Mar 31, 2020 17.86%
Dec 31, 2019 45.03%
Sep 30, 2019 30.75%
Jun 30, 2019 29.00%
Mar 31, 2019 21.43%
Dec 31, 2018 35.29%
Sep 30, 2018 16.48%
Jun 30, 2018 15.03%
Mar 31, 2018 24.03%
Dec 31, 2017 47.27%
Sep 30, 2017 41.56%
Jun 30, 2017 29.67%
Mar 31, 2017 26.01%
Dec 31, 2016 34.89%
Sep 30, 2016 20.72%
Jun 30, 2016 29.93%
Mar 31, 2016 21.33%
Dec 31, 2015 23.70%
Sep 30, 2015 7.70%
Jun 30, 2015 20.67%
Mar 31, 2015 13.19%
Dec 31, 2014 36.16%
Sep 30, 2014 -18.91%
Jun 30, 2014 29.61%
Mar 31, 2014 10.42%