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 | 30,537.63 Bn | 30,534.97 Bn | 1.28 Mn | 0.03% |
| 2 | Ryanair Holdings | 61.46 Bn | 58.27 Bn | - | - |
| 3 | Delta Air Lines | 56.39 Bn | 51.72 Bn | 19.07 Bn | 96.52% |
| 4 | Southwest Airlines | 22.21 Bn | 18.42 Bn | 7.33 Bn | 86.94% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.87 Bn | 8.05 Bn | - | - |
| 6 | Copa Holdings | 5.66 Bn | 4.32 Bn | 713.71 Mn | 74.12% |
| 7 | Alaska Air | 5.40 Bn | 3.64 Bn | 3.20 Bn | 97.00% |
| 8 | Skywest | 4.27 Bn | 3.67 Bn | 1.01 Bn | 91.70% |
| 9 | Jetblue Airways | 2.02 Bn | 1.61 Bn | 1.87 Bn | 83.66% |
| 10 | Allegiant Travel | 1.82 Bn | 915.26 Mn | 651.87 Mn | 97.03% |
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% |