Copa Holdings CPA
NYSE CPA
$129.95 +1.66 (+1.29%)
At close: Aug 21, 2026 · 4:00 PM EDT

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
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 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