Copa Holdings (CPA) Free Cash Flow (2013 - 2026)
Copa Holdings (CPA) recorded Free Cash Flow of $523.2 million in Q1 2026, up 154.6% from $205.48 million a year earlier and up 99.9% from the prior quarter.
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Analysis
Copa Holdings (CPA) Free Cash Flow (2013 - 2026) Analysis & Trends
On a TTM basis, Copa Holdings' Free Cash Flow came in at $1.56 billion as of Mar 31, 2026, up 80.6% year-over-year; for FY2025, it came in at $334.71 million, down 9.7% from FY2024.
- Annual Free Cash Flow has declined for three straight years.
- Across earlier years, Free Cash Flow came in at $370.69 million in FY2024 (-16.6%), $444.61 million in FY2023 (-11.8%), $503.98 million in FY2022 (+67.7%) and $300.49 million in FY2021.
- The Q1 2026 figure is the highest quarterly Free Cash Flow in data going back to Q3 2013.
- On a year-over-year basis, Free Cash Flow has increased for five consecutive quarters, with growth averaging 41.6% over the last eight quarters.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 202.9% in Q4 2021, against a decline of 45.2% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $261.69 million (Q4 2025), $498.01 million (Q3 2025) and $278.81 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 1.76 Bn |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 1.02 Bn |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 2.41 Bn |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 669.34 Mn |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 1.79 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 736.00 Mn |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 300.00 Mn |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | -1.67 Bn |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 402.43 Mn |
| 10 | Copa Holdings | 6.10 Bn | 1.17 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 523.20 Mn |
| Dec 31, 2025 | 261.69 Mn |
| Sep 30, 2025 | 498.01 Mn |
| Jun 30, 2025 | 278.81 Mn |
| Mar 31, 2025 | 205.48 Mn |
| Dec 31, 2024 | 201.00 Mn |
| Sep 30, 2024 | 188.62 Mn |
| Jun 30, 2024 | 269.78 Mn |
| Mar 31, 2024 | 201.00 Mn |
| Dec 31, 2023 | 203.42 Mn |
| Sep 30, 2023 | 344.42 Mn |
| Jun 30, 2023 | 216.75 Mn |
| Mar 31, 2023 | 203.42 Mn |
| Dec 31, 2022 | 169.34 Mn |
| Sep 30, 2022 | 215.64 Mn |
| Jun 30, 2022 | 158.50 Mn |
| Mar 31, 2022 | 169.34 Mn |
| Dec 31, 2021 | 244.03 Mn |
| Sep 30, 2021 | 113.58 Mn |
| Jun 30, 2021 | 150.56 Mn |
API Access
Copa Holdings Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CPA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "CPA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CPA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();