CPA
Copa Holdings SA
NYSE: CPA · INDUSTRIALS · AIRLINES
$112.28
-2.00% today
Updated 2026-04-29
Market cap
$4.62B
P/E ratio
6.90
P/S ratio
1.28x
EPS (TTM)
$16.28
Dividend yield
5.97%
52W range
$88 – $155
Volume
0.5M
Copa Holdings SA (CPA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $851.16M | $1.03B | $1.29B | $1.26B | $1.41B | $1.83B | $2.25B | $2.61B | $2.71B | $2.25B | $2.22B | $2.52B | $2.68B | $2.71B | $801.00M | $1.51B | $2.97B | $3.46B | $3.45B | $3.62B |
| Revenue growth (YoY) | — | +20.7% | +25.5% | -2.5% | +12.6% | +29.4% | +22.9% | +16.0% | +3.7% | -16.8% | -1.3% | +13.5% | +6.2% | +1.1% | -70.4% | +88.5% | +96.4% | +16.6% | -0.3% | +5.0% |
| Cost of revenue | $534.86M | $661.19M | $884.10M | $830.65M | $949.48M | $1.24B | $1.60B | $1.78B | $1.90B | $1.71B | $1.66B | $1.80B | $2.00B | $1.94B | $876.46M | $1.15B | $2.16B | $2.29B | $2.35B | $2.47B |
| Gross profit | $316.30M | $366.07M | $404.69M | $425.43M | $465.32M | $586.53M | $654.01M | $826.72M | $801.88M | $543.55M | $562.34M | $720.37M | $682.08M | $764.21M | $-75.46M | $363.82M | $800.27M | $1.16B | $1.10B | $1.15B |
| Gross margin | 37.2% | 35.6% | 31.4% | 33.9% | 32.9% | 32.0% | 29.1% | 31.7% | 29.6% | 24.2% | 25.3% | 28.6% | 25.5% | 28.2% | -9.4% | 24.1% | 27.0% | 33.7% | 31.9% | 31.7% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $158.12M | $179.81M | $283.32M | $308.66M | $350.85M | $368.39M | $72.47M | $90.23M | $112.08M | $122.22M | $92.22M | $134.54M | $132.53M | $118.09M | $72.47M | $88.72M | $125.42M | $130.66M | $137.12M | $956.78M |
| Operating income | $-430.84M | $196.82M | $223.99M | $259.50M | $289.65M | $384.99M | $402.54M | $538.62M | $521.09M | $266.09M | $276.14M | $424.03M | $348.19M | $435.50M | $-217.84M | $146.52M | $450.38M | $806.12M | $752.95M | $818.96M |
| Operating margin | -50.6% | 19.2% | 17.4% | 20.7% | 20.5% | 21.0% | 17.9% | 20.6% | 19.3% | 11.8% | 12.4% | 16.8% | 13.0% | 16.1% | -27.2% | 9.7% | 15.2% | 23.3% | 21.8% | 22.6% |
| EBITDA | $-405.96M | $256.02M | $219.17M | $359.10M | $352.97M | $454.15M | $488.36M | $635.10M | $542.98M | $-24.17M | $569.12M | $615.90M | $450.12M | $632.95M | $-298.40M | $370.51M | $741.68M | $1.08B | $1.12B | $1.24B |
| EBITDA margin | -47.7% | 24.9% | 17.0% | 28.6% | 24.9% | 24.8% | 21.7% | 24.3% | 20.1% | -1.1% | 25.6% | 24.4% | 16.8% | 23.4% | -37.3% | 24.5% | 25.0% | 31.1% | 32.5% | 34.3% |
| EBIT | $-430.84M | $220.69M | $176.28M | $308.23M | $290.00M | $378.69M | $399.14M | $518.75M | $427.84M | $-159.06M | $409.84M | $448.58M | $173.55M | $350.87M | $-557.73M | $130.56M | $473.97M | $768.21M | $790.28M | $874.00M |
| Interest expense | $0.00 | $41.76M | $40.15M | $32.24M | $29.98M | $32.68M | $32.80M | $30.18M | $29.53M | $33.16M | $37.02M | $35.22M | $50.83M | $57.43M | $73.05M | $76.23M | $85.74M | $157.11M | $84.49M | $98.39M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $133.84M | $161.82M | $118.66M | $249.09M | $241.06M | $310.43M | $326.48M | $427.47M | $361.67M | $-224.97M | $334.54M | $364.05M | $88.20M | $247.00M | $-607.06M | $43.84M | $348.05M | $514.10M | $608.11M | $671.65M |
| Net income growth (YoY) | — | +20.9% | -26.7% | +109.9% | -3.2% | +28.8% | +5.2% | +30.9% | -15.4% | -162.2% | +248.7% | +8.8% | -75.8% | +180.1% | -345.8% | +107.2% | +693.8% | +47.7% | +18.3% | +10.4% |
| Profit margin | 15.7% | 15.8% | 9.2% | 19.8% | 17.0% | 17.0% | 14.5% | 16.4% | 13.4% | -10.0% | 15.1% | 14.4% | 3.3% | 9.1% | -75.8% | 2.9% | 11.7% | 14.9% | 17.6% | 18.6% |