Growth Metrics

Copa Holdings (CPA) Free Cash Flow (2014 - 2025)

Copa Holdings recorded quarterly Free Cash Flow of -$950.0 million in Q4 2025, down 290.75% quarter-over-quarter from $498.0 million in Q3 2025, and down 297.89% year-over-year from $480.0 million in Q4 2024.

Copa Holdings' Free Cash Flow history runs 12 years deep, the most recent figure standing at -$950.0 million for Q4 2025.

  • In Q4 2025, Free Cash Flow fell 297.89% year-over-year to -$950.0 million; the TTM figure through Dec 2025 stood at $32.3 million (down 97.16% YoY), while the FY2025 annual figure was $422.8 million, down 13.57% from the prior year.
  • Free Cash Flow came in at -$950.0 million for Q4 2025 at Copa Holdings, down from $498.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $498.0 million in Q3 2025 to a low of -$950.0 million in Q4 2025.
  • A 5-year average of $168.0 million and a median of $203.4 million in 2023 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow soared 19083.86% in 2022 and sank 297.89% in 2025, its largest moves.
  • Copa Holdings' Free Cash Flow stood at $244.0 million in 2021, then plunged by 30.61% to $169.3 million in 2022, then rose by 20.13% to $203.4 million in 2023, then surged by 135.99% to $480.0 million in 2024, then tumbled by 297.89% 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 53.78 Bn 48.72 Bn 15.19 Bn 1.43 Bn
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 788.00 Mn
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 201.00 Mn
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 251.00 Mn
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 391.00 Mn
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 130.43 Mn
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn -949.97 Mn
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn -6.00 Mn
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 222.64 Mn
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 28.00 Mn

Historic Data

Download Data 🔒
DateValue
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 480.05 Mn
Dec 31, 2024 480.05 Mn
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 203.42 Mn
Dec 31, 2023 203.42 Mn
Sep 30, 2023 344.42 Mn
Sep 30, 2023 344.42 Mn
Jun 30, 2023 216.75 Mn
Jun 30, 2023 216.75 Mn
Mar 31, 2023 203.42 Mn
Mar 31, 2023 203.42 Mn
Dec 31, 2022 169.34 Mn
Dec 31, 2022 169.34 Mn
Sep 30, 2022 215.64 Mn
Sep 30, 2022 215.64 Mn
Jun 30, 2022 158.50 Mn
Jun 30, 2022 158.50 Mn
Mar 31, 2022 169.34 Mn
Mar 31, 2022 169.34 Mn
Dec 31, 2021 244.03 Mn
Dec 31, 2021 244.03 Mn
Sep 30, 2021 113.58 Mn
Sep 30, 2021 113.58 Mn
Jun 30, 2021 150.56 Mn
Jun 30, 2021 150.56 Mn
Mar 31, 2021 -892,000.00
Mar 31, 2021 -892,000.00
Dec 31, 2020 80.58 Mn
Dec 31, 2020 80.58 Mn
Sep 30, 2020 -18.67 Mn
Sep 30, 2020 -18.67 Mn
Jun 30, 2020 -162.97 Mn
Jun 30, 2020 -162.97 Mn
Mar 31, 2020 106.34 Mn
Mar 31, 2020 106.34 Mn
Dec 31, 2019 307.07 Mn
Dec 31, 2019 307.07 Mn
Sep 30, 2019 217.80 Mn
Sep 30, 2019 217.80 Mn
Jun 30, 2019 187.08 Mn
Jun 30, 2019 187.08 Mn
Mar 31, 2019 144.06 Mn
Mar 31, 2019 144.06 Mn
Dec 31, 2018 231.55 Mn
Dec 31, 2018 231.55 Mn
Sep 30, 2018 110.83 Mn
Sep 30, 2018 110.83 Mn
Jun 30, 2018 95.30 Mn
Jun 30, 2018 95.30 Mn
Mar 31, 2018 171.81 Mn
Mar 31, 2018 171.81 Mn
Dec 31, 2017 318.70 Mn
Dec 31, 2017 318.70 Mn
Sep 30, 2017 273.77 Mn
Sep 30, 2017 273.77 Mn
Jun 30, 2017 170.21 Mn
Jun 30, 2017 170.21 Mn
Mar 31, 2017 160.02 Mn
Mar 31, 2017 160.02 Mn
Dec 31, 2016 209.77 Mn
Dec 31, 2016 209.77 Mn
Sep 30, 2016 117.77 Mn
Sep 30, 2016 117.77 Mn
Jun 30, 2016 148.12 Mn
Jun 30, 2016 148.12 Mn
Mar 31, 2016 118.93 Mn
Mar 31, 2016 118.93 Mn
Dec 31, 2015 126.20 Mn
Dec 31, 2015 126.20 Mn
Sep 30, 2015 42.12 Mn
Sep 30, 2015 42.12 Mn
Jun 30, 2015 111.26 Mn
Jun 30, 2015 111.26 Mn
Mar 31, 2015 83.36 Mn
Mar 31, 2015 83.36 Mn
Dec 31, 2014 236.56 Mn
Dec 31, 2014 236.56 Mn
Sep 30, 2014 -125.50 Mn
Sep 30, 2014 -125.50 Mn
Jun 30, 2014 199.47 Mn
Jun 30, 2014 199.47 Mn
Mar 31, 2014 74.36 Mn
Mar 31, 2014 74.36 Mn