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CPACopa Holdings, S.A.
$154.78$6.4B
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CPA logoCopa Holdings, S.A.(CPA)Earnings, Financials & Key Ratios

CPA•NYSE
$154.78
9.5× P/E·Price updated Jul 6, 2026
SectorIndustrialsIndustryAirlines & AirportsSub-IndustryCommercial passenger airlines
AboutCopa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft. Copa Holdings, S.A. was founded in 1947 and is based in Panama City, Panama.Show more
  • Revenue$3.62B+5.0%
  • EBITDA$1.18B+9.3%
  • Net Income$672M+10.4%
  • EPS (Diluted)16.28+11.9%
  • Gross Margin35.56%-0.2%
  • EBITDA Margin32.73%+4.1%
  • Operating Margin22.64%+3.6%
  • Net Margin18.57%+5.2%
  • ROE26.09%-3.6%

CPA Price & Volume

Copa Holdings, S.A. (CPA) stock price & volume — 10-year historical chart

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Hub Efficiency Drives Robust Revenue Growth Trajectory

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Regional Macroeconomic Volatility

Key Thesis Takeaways

  • Copa Holdings demonstrates a compelling growth profile underpinned by its standardized Boeing 737 fleet and the strategic PTY hub-and-spoke model, which has successfully accelerated revenue to $1.1 billion as of 2026Q1.
  • While the company maintains a fortress balance sheet with a 0.84 debt-to-equity ratio, investors should monitor the inherent volatility in free cash flow, which swung from a 36.6% margin in 2025Q4 to a negative 5.2% in 2026Q1 due to lumpy capital expenditures.
  • The firm's ability to sustain high-quality earnings, evidenced by an OCF/NI ratio of 1.69, suggests a resilient competitive moat despite potential regional macroeconomic headwinds.

Verdict Logic

Positive: The company's ability to maintain a 20.2% net margin while trading at a forward P/E of 9.77 suggests an attractive valuation relative to its recent 17.0% revenue growth acceleration.

CPA Growth Metrics

Copa Holdings, S.A. (CPA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.85%
5 Years35.2%
3 Years6.86%
TTM9.25%

Profit CAGR

10 Years-
5 Years-
3 Years24.5%
TTM16.18%

EPS CAGR

10 Years-
5 Years-
3 Years27.36%
TTM17.13%

Return on Capital

10 Years9.99%
5 Years15.09%
3 Years19.03%
Last Year17.19%

CPA Recent Earnings

Copa Holdings, S.A. (CPA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$5.16+24.6%
$4.14
Rev
$1.1B+1.5%
$1.0B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$4.18-5.9%
$4.44
Rev
$963M+0.4%
$959M
Q4 2025
Nov 19, 2025
Metric
Actual
Est
EPS
$4.20+4.2%
$4.03
Rev
$913M-0.3%
$916M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$3.61+11.1%
$3.25
Rev
$843M-7.9%
$915M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$5.16vs $4.14+24.6%
$1.1Bvs $1.0B+1.5%
Q1 2026Feb 11, 2026
$4.18vs $4.44-5.9%
$963Mvs $959M+0.4%
Q4 2025Nov 19, 2025
$4.20vs $4.03+4.2%
$913Mvs $916M-0.3%
Q3 2025Aug 6, 2025
$3.61vs $3.25+11.1%
$843Mvs $915M-7.9%
Based on last 12 quarters of dataView full earnings history →

Latest CPA News

Recent stock market news and headlines for Copa Holdings, S.A. (CPA)

MarketBeat·Jun 24, 2026
Copa Holdings May Be the Airline Stock Built to Break Out

Copa TodayCPACopa$152.38 -0.61 (-0.40%) As of 06/23/2026 03:58 PM Eastern52-Week Range$103.91▼$156.41Dividend Yield4.49%P/E Ratio8.89Price Target$168.91Add to WatchlistCopa Holdings NYSE: CPA is an airline stock with structural advantages, placement, and capital returns that make it a nearly perfect investment. Its positioning is as a leading Latin American service provider, offering emerging-market exposure in the critical infrastructure and services play; its structural advantage is a hub-and-spoke footprint centered on The Hub of the Americas.

MarketBeat·Jun 23, 2026
Copa Holdings May Be the Airline Stock Built to Break Out

Copa TodayCPACopa$152.54 +1.50 (+1.00%) As of 06/22/2026 03:59 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$99.32▼$156.41Dividend Yield4.48%P/E Ratio8.89Price Target$168.91Add to WatchlistCopa Holdings NYSE: CPA is an airline stock with structural advantages, placement, and capital returns that make it a nearly perfect investment.

GuruFocus·Jun 18, 2026
Copa Holdings SA (CPA) Shares Surge 5.5% -- What GF Score of 86 Tells Investors

On June 18, 2026, Copa Holdings SA (CPA) shares rose 5.5%, bringing the current price to $151.04. Over the past year, the stock has shown strong performance, wi

MarketBeat·Jun 16, 2026
5 High-Yield Stocks With Analyst Support and Room to Run

High-yield stocks are attractive for easy-to-understand reasons. When they outpace the S&P 500's average yield and inflation, they can provide substantial income.

Peers Comparison

Key metrics vs top competitors for Copa Holdings, S.A. (CPA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CPA logoCPACopa Holdings, S.A.Current
$154.78$6.38B9.514.98%18.57%26.09%4.16%
VLRS logoVLRSControladora Vuela Compañía de Aviación, S.A.B. de C.V.
$9.33$1.07B-1.04-3.32%-3.96%-50.25%—
OMAB logoOMABGrupo Aeroportuario del Centro Norte, S.A.B. de C.V.
$113.04$5.46B17.855.91%32.63%49.18%—
UAL logoUALUnited Airlines Holdings, Inc.
$132.50$43.01B12.963.52%6.06%24.91%—
AAL logoAALAmerican Airlines Group Inc.
$17.75$11.72B104.410.78%0.36%——
DAL logoDALDelta Air Lines, Inc.
$91.68$60.23B11.972.79%6.87%23.14%—

Compare CPA vs Peers

Copa Holdings, S.A. (CPA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VLRS

Most directly comparable listed peer for CPA.

Scale Benchmark

vs GE

Larger-name benchmark to compare CPA against a more recognizable public peer.

Peer Set

Compare Top 5

vs VLRS, OMAB, UAL, AAL

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CPA Frequently Asked Questions

Copa Holdings, S.A. (CPA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Copa Holdings, S.A.'s revenue?

Copa Holdings, S.A. (CPA) reported $3.77B in revenue for fiscal year 2025. This represents a 1199% increase from $290.4M in 2001.

How fast is Copa Holdings, S.A. growing?

Copa Holdings, S.A. (CPA) grew revenue by 5.0% over the past year. Growth has been modest.

Is CPA profitable?

Yes, Copa Holdings, S.A. (CPA) is profitable, generating $707.3M in net income for fiscal year 2025 (18.6% net margin).

Dividend & Returns
Does CPA pay dividends?

Yes, Copa Holdings, S.A. (CPA) pays a dividend with a yield of 4.16%. This makes it attractive for income-focused investors.

What is CPA's return on equity?

Copa Holdings, S.A. (CPA) has a return on equity (ROE) of 26.1%. This is excellent, indicating efficient use of shareholder capital.

What is Copa Holdings, S.A.'s free cash flow?

Copa Holdings, S.A. (CPA) generated $108.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CPA back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →