Copa Holdings, S.A. (CPA) Stock Analysis
Industrials · Airlines · NYSE
Copa Holdings, S.A. (CPA) posted $3.62B in revenue for fiscal 2025 (up 5.0% year over year), at a 18.6% net margin, and has compounded revenue about 6.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Copa Holdings, S.A.
Copa Holdings, S.A. has grown revenue from $2.97B to $3.62B over the last 4 fiscal years, compounding about 6.9% a year. The most recent year was up 5%, so growth has cooled from its longer-run pace.
Net margin sits at 18.6%, up 1 points year over year on a 35.6% gross margin. It carries about $1.98B of total debt.
At today's valuation the market is pricing in roughly 30% annual free-cash-flow growth.
Synthesised from Copa Holdings, S.A.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Copa Holdings, S.A. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $2.97B | $3.46B | $3.45B | $3.62B |
| Gross profit | $897.53M | $1.27B | $1.23B | $1.29B |
| Net income | $348.05M | $514.10M | $608.11M | $671.65M |
| Net margin | 11.7% | 14.9% | 17.6% | 18.6% |
Source: Copa Holdings, S.A. SEC filings (10-K).
Copa Holdings, S.A.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into CPA stock?
At today's market cap of $5.29B, Copa Holdings, S.A. is priced for free-cash-flow growth of about 30% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $52.36M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Copa Holdings, S.A. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Copa Holdings, S.A. financial history by metric
Compare Copa Holdings, S.A. with peers
About Copa Holdings, S.A.
Copa Holdings, S.A., through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean. As of December 31, 2025, it operated through a fleet of 125 aircraft. The company was founded in 1947 and is based in Panama City, Panama.
Copa Holdings, S.A. — frequently asked questions
What is Copa Holdings, S.A.'s revenue?
Copa Holdings, S.A. (CPA) reported revenue of $3.62B for fiscal year 2025, up 5.0% from the prior year, according to its SEC filings.
Is Copa Holdings, S.A. profitable?
Yes. CPA earned net income of $671.65M in fiscal 2025, a net margin of 18.6%.
What is CPA's P/E ratio?
Copa Holdings, S.A. trades at a price-to-earnings ratio of about 7.6 based on the latest data in our nightly-refreshed cache.
How fast is Copa Holdings, S.A. growing?
CPA's revenue grew at roughly 6.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Copa Holdings, S.A. have?
As of fiscal year 2025, CPA carried roughly $1.98B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Copa Holdings, S.A.'s gross margin?
CPA's gross margin was 35.6% in fiscal 2025 — gross profit of $1.29B on revenue of $3.62B.
What is Copa Holdings, S.A.'s market cap?
Copa Holdings, S.A. (CPA) has a market capitalization of about $5.29B, based on the latest data in our nightly-refreshed cache.
When does Copa Holdings, S.A.'s fiscal year end?
CPA's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CPA stock?
At today's market cap of $5.29B, Copa Holdings, S.A. is priced for free-cash-flow growth of about 30% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $52.36M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Copa Holdings, S.A.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.