Copa Holdings (CPA) Net Margin (2013 - 2025)
Copa Holdings' (CPA) quarterly Net Margin came in at 19.94% in Q4 2025, down 158.0% year-on-year from 34.37% in Q4 2024, and down 10.21% quarter-over-quarter from 22.2% in Q3 2025.
Copa Holdings (CPA) Net Margin (2013 - 2025) Analysis & Trends
Copa Holdings has disclosed Net Margin across 13 years of filings, most recently posting 19.94% for Q4 2025.
- Net Margin for Q4 2025 came in at 19.94%, down 158.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 21.44% (up 96.0% YoY), and the FY2025 annual result was 18.56%, up 92.0% from the prior year.
- Net Margin came in at 19.94% for Q4 2025 at Copa Holdings, down from 22.2% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 24.73% in Q3 2023 to a low of 59.51% in Q1 2021.
- The 5-year median for Net Margin is 19.18% (2022), against an average of 13.06%.
- Peak annual rise in Net Margin reached 276520 bps in 2021, while the deepest fall reached 7344 bps in 2021.
- Copa Holdings' Net Margin stood at 22.63% in 2021, then slumped by 45 bps to 12.47% in 2022, then surged by 85 bps to 23.12% in 2023, then dropped by 7 bps to 21.51% in 2024, then fell by 7 bps to 19.94% in 2025.
- The last three Net Margin figures came in at 19.94% (Q4 2025), 22.2% (Q3 2025), and 20.67% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -19.61% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | -1.82% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 17.11% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 3.13% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 19.94% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -5.85% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 10.04% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -13.90% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -14.24% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 6.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 19.94% |
| Sep 30, 2025 | 22.20% |
| Jun 30, 2025 | 20.67% |
| Mar 31, 2025 | 22.99% |
| Dec 31, 2024 | 21.51% |
| Sep 30, 2024 | 19.81% |
| Jun 30, 2024 | 17.16% |
| Mar 31, 2024 | 23.15% |
| Dec 31, 2023 | 23.12% |
| Sep 30, 2023 | 24.73% |
| Jun 30, 2023 | 5.35% |
| Mar 31, 2023 | 16.40% |
| Dec 31, 2022 | 12.47% |
| Sep 30, 2022 | 15.84% |
| Jun 30, 2022 | 18.55% |
| Mar 31, 2022 | 3.56% |
| Dec 31, 2021 | 22.63% |
| Sep 30, 2021 | 1.53% |
| Jun 30, 2021 | 9.18% |
| Mar 31, 2021 | -59.51% |