Copa Holdings (CPA) Free Cash Flow (2013 - 2025)
Copa Holdings (CPA) reported Free Cash Flow of -$950.0 million for Q4 2025, down 189.25% on a YoY basis from $1.1 billion in Q4 2024, and down 290.75% sequentially from $498.0 million in Q3 2025.
Copa Holdings (CPA) Free Cash Flow (2013 - 2025) Analysis & Trends
Copa Holdings (CPA) has 13 years of Free Cash Flow data on file, last reported at -$950.0 million in Q4 2025.
- For the quarter ending Q4 2025, Free Cash Flow fell 189.25% year-over-year to -$950.0 million; the trailing twelve-month figure through Dec 2025 stood at $32.3 million (down 98.12% YoY), and the FY2025 full-year result was $422.8 million, down 13.57% from the prior year.
- Free Cash Flow fell to -$950.0 million in Q4 2025, from $498.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $1.1 billion in Q4 2024 to a low of -$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.
- Across the five-year window, Free Cash Flow surged 19083.86% in 2022 and tumbled 189.25% in 2025, its largest moves.
- Tracing CPA's Free Cash Flow over 5 years: 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 plunged by 189.25% to -$950.0 million in 2025.
- Business Quant data shows CPA's Free Cash Flow at -$950.0 million in Q4 2025, $498.0 million in Q3 2025, and $278.8 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn | 386,796.00 |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - | 540.24 Mn |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn | -449.00 Mn |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn | -288.00 Mn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - | 272.00 Mn |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn | -949.97 Mn |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn | 113.00 Mn |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn | 161.35 Mn |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn | -6.00 Mn |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn | 222.64 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 |