Copa Holdings (CPA) Gross Margin (2016 - 2025)

Copa Holdings (CPA) reported Gross Margin of 74.12% for Q4 2025, down 93.0% on a YoY basis from 1058.88% in Q4 2024, and little changed sequentially from 74.07% in Q3 2025.

Copa Holdings (CPA) Gross Margin (2016 - 2025) Analysis & Trends

Copa Holdings (CPA) has 10 years of Gross Margin data on file, last reported at 74.12% in Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin fell 93.0% year-over-year to 74.12%; the trailing twelve-month figure through Dec 2025 stood at 74.23% (up 178.0% YoY), and the FY2025 full-year result was 74.23%, up 178.0% from the prior year.
  • Gross Margin steadied at 74.12% in Q4 2025, from 74.07% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 76.94% in Q2 2021 to a low of 57.32% in Q2 2022.
  • A 5-year average of 71.33% and a median of 72.45% in 2024 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin tumbled 2212 bps in 2021 and surged 1622 bps in 2023, its largest moves.
  • Tracing CPA's Gross Margin over 5 years: stood at 74.08% in 2021, then declined by 7 bps to 69.25% in 2022, then increased by 3 bps to 71.06% in 2023, then advanced by 6 bps to 75.05% in 2024, then decreased by 1 bps to 74.12% in 2025.
  • Business Quant data shows CPA's Gross Margin at 74.12% in Q4 2025, 74.07% in Q3 2025, and 74.59% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Latam Airlines 30,770.41 Bn 30,767.74 Bn 1.28 Mn 0.03%
2 Ryanair Holdings 60.75 Bn 57.56 Bn - -
3 Delta Air Lines 56.23 Bn 51.57 Bn 19.07 Bn 96.52%
4 Southwest Airlines 22.07 Bn 18.28 Bn 7.33 Bn 86.94%
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.96 Bn 8.14 Bn - -
6 Copa Holdings 5.69 Bn 4.35 Bn 713.71 Mn 74.12%
7 Alaska Air 5.33 Bn 3.56 Bn 3.20 Bn 97.00%
8 Skywest 4.29 Bn 3.69 Bn 1.01 Bn 91.70%
9 Jetblue Airways 2.00 Bn 1.58 Bn 1.87 Bn 83.66%
10 Allegiant Travel 1.80 Bn 901.42 Mn 651.87 Mn 97.03%

Historic Data

Download Data
DateValue
Dec 31, 2025 74.12%
Sep 30, 2025 74.07%
Jun 30, 2025 74.59%
Mar 31, 2025 74.18%
Dec 31, 2024 75.05%
Sep 30, 2024 72.07%
Jun 30, 2024 69.98%
Mar 31, 2024 72.54%
Dec 31, 2023 71.06%
Sep 30, 2023 70.95%
Jun 30, 2023 73.54%
Mar 31, 2023 69.39%
Dec 31, 2022 69.25%
Sep 30, 2022 63.98%
Jun 30, 2022 57.32%
Mar 31, 2022 66.54%
Dec 31, 2021 74.08%
Sep 30, 2021 74.68%
Jun 30, 2021 76.94%
Mar 31, 2021 72.37%