Copa Holdings (CPA) Gross Margin (2010 - 2025)
Copa Holdings (CPA) posted Gross Margin of 74.12% for Q4 2025, little changed sequentially from 74.07% in Q3 2025, and down 93.0% YoY from 1058.88% in Q4 2024.
Copa Holdings (CPA) Gross Margin (2010 - 2025) Analysis & Trends
Copa Holdings has reported Gross Margin for 13 years, with the latest figure at 74.12% in Q4 2025.
- Quarterly Gross Margin fell 93.0% year-over-year to 74.12% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 74.23% (up 178.0% YoY) and the FY2025 annual result came in at 74.23%, up 178.0% from the prior year.
- Gross Margin steadied at 74.12% in Q4 2025 per CPA's latest filing, from 74.07% in the prior quarter.
- Over five years, Gross Margin peaked at 76.94% in Q2 2021 and troughed at 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.
- The sharpest annual moves came in 2021 and 2023: Gross Margin sank 2212 bps in 2021, then jumped 1622 bps in 2023.
- Over 5 years, Gross Margin stood at 74.08% in 2021, then decreased by 7 bps to 69.25% in 2022, then advanced by 3 bps to 71.06% in 2023, then increased by 6 bps to 75.05% in 2024, then declined by 1 bps to 74.12% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 74.12%, 74.07%, and 74.59% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 91.70% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 85.95% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 95.68% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | - |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 85.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |