Copa Holdings (CPA) Free Cash Flow (2013 - 2025)
Copa Holdings (CPA) posted Free Cash Flow of -$950.0 million for Q4 2025, down 290.75% sequentially from $498.0 million in Q3 2025, and down 189.25% YoY from $1.1 billion in Q4 2024.
Copa Holdings (CPA) Free Cash Flow (2013 - 2025) Analysis & Trends
Copa Holdings has reported Free Cash Flow for 13 years, with the latest figure at -$950.0 million in Q4 2025.
- Quarterly Free Cash Flow fell 189.25% year-over-year to -$950.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $32.3 million (down 98.12% YoY) and the FY2025 annual result came in at $422.8 million, down 13.57% from the prior year.
- Free Cash Flow fell to -$950.0 million in Q4 2025 per CPA's latest filing, from $498.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $1.1 billion in Q4 2024 and troughed at -$950.0 million in Q4 2025.
- A 5-year average of $245.6 million and a median of $210.6 million in 2022 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow jumped 19083.86% in 2022, then sank 189.25% in 2025.
- Over 5 years, Free Cash Flow stood at $275.6 million in 2021, then soared by 97.2% to $543.5 million in 2022, then surged by 40.69% to $764.6 million in 2023, then surged by 39.22% to $1.1 billion in 2024, then tumbled by 189.25% to -$950.0 million in 2025.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$950.0 million, $498.0 million, and $278.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | 2.38 Bn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | 551.77 Mn |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | -288.00 Mn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 107.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | 283.85 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | -74.63 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | -377.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | 119.00 Mn |
| 10 | Republic Airways Holdings | 853.83 Mn | 576.23 Mn | 487.40 Mn | 28.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -949.97 Mn |
| Dec 31, 2025 | -949.97 Mn |
| Sep 30, 2025 | 498.01 Mn |
| Sep 30, 2025 | 498.01 Mn |
| Jun 30, 2025 | 278.81 Mn |
| Jun 30, 2025 | 278.81 Mn |
| Mar 31, 2025 | 205.48 Mn |
| Mar 31, 2025 | 205.48 Mn |
| Dec 31, 2024 | 1.06 Bn |
| Dec 31, 2024 | 1.06 Bn |
| Sep 30, 2024 | 188.62 Mn |
| Sep 30, 2024 | 188.62 Mn |
| Jun 30, 2024 | 269.78 Mn |
| Jun 30, 2024 | 269.78 Mn |
| Mar 31, 2024 | 201.00 Mn |
| Mar 31, 2024 | 201.00 Mn |
| Dec 31, 2023 | 764.59 Mn |
| Dec 31, 2023 | 764.59 Mn |
| Sep 30, 2023 | 344.42 Mn |
| Sep 30, 2023 | 344.42 Mn |