Copa (CPA) Financials

$136.99 -0.08 (-0.06%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$137.34 +0.35 (+0.26%)

As of 05/22/2026 06:33 PM Eastern

Annual Income Statements for Copa

This table shows Copa's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	323	363	88	247	-607	178	467	804	767	848
Consolidated Net Income / (Loss)	323	363	88	247	-607	44	348	514	608	672
Net Income / (Loss) Continuing Operations	323	464	197	350	-577	178	467	804	767	848
Total Pre-Tax Income	362	514	231	396	-601	189	507	901	864	952
Total Operating Income	241	507	241	416	-484	189	507	901	864	952
Total Gross Profit	871	1,314	1,273	1,356	347	1,547	3,022	3,551	3,557	3,751
Total Revenue	1,653	2,069	2,200	2,237	663	1,547	3,022	3,551	3,557	3,751
Operating Revenue	1,637	2,047	2,173	2,205	644	1,521	2,983	3,507	3,505	3,680
Other Revenue	17	22	28	32	19	26	39	44	52	71
Total Cost of Revenue	782	755	927	881	317	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	630	807	1,032	940	831	1,358	2,515	2,650	2,693	2,799
Other Operating Expenses / (Income)	-	415	443	450	256	1,358	2,515	2,650	2,693	2,799
Total Other Income / (Expense), net	121	6.68	-9.64	-20	-117	0.00	0.00	0.00	0.00	0.00
Income Tax Expense	38	49	35	46	-24	10	40	97	98	104
Weighted Average Basic Shares Outstanding	-	42.12M	42.20M	42.28M	42.36M	41.93M	39.42M	84.08M	82.35M	82.28M
Weighted Average Diluted Shares Outstanding	-	42.12M	42.20M	42.28M	42.36M	41.93M	39.42M	84.08M	82.35M	82.28M
Weighted Average Basic & Diluted Shares Outstanding	-	42.12M	42.20M	42.28M	42.36M	41.93M	39.42M	84.08M	82.35M	82.28M

No quarterly income statements for Copa are available.

This table details how cash moves in and out of Copa's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-8.22	166	-56	638	-60	618	137	-67	108	434	-204
Net Cash From Operating Activities	-9.05	-4.38	-309	264	488	-298	-926	-364	-47	472	-119
Net Cash From Continuing Operating Activities	-9.05	-4.38	-309	264	488	-298	-926	-364	-47	472	-119
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	88	247	-607	0.00	0.00	0.00	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	1,001	1,259	-257	-113	-79	65	-922	-338	8.10	587	-45
Changes in Operating Assets and Liabilities, net	39	33	-51	12	38	-16	-3.90	-26	-55	-116	-74
Net Cash From Investing Activities	357	406	457	776	-121	841	876	502	104	97	-120
Net Cash From Continuing Investing Activities	357	406	457	776	-121	841	876	502	104	97	-120
Purchase of Property, Plant & Equipment	-	-	-110	-	-	-	-207	-255	-600	-626	-816
Sale of Property, Plant & Equipment	85	97	0.01	-	-	-	81	7.43	5.10	13	0.16
Sale and/or Maturity of Investments	435	486	567	776	590	841	1,001	750	699	710	695
Net Cash From Financing Activities	-357	-249	-205	-401	-427	76	89	-195	36	-159	23
Net Cash From Continuing Financing Activities	-357	-249	-205	-401	-427	76	170	-195	36	-159	23
Repayment of Debt	-	-	-246	-401	-427	-267	-142	-250	-152	-217	-255
Repurchase of Common Equity	-	-	-	-	-	-	-41	-168	-106	-87	-8.71
Payment of Dividends	148	86	-107	-	-	-	0.00	0.00	-134	-269	-266
Issuance of Debt	352	491	148	0.00	0.00	343	352	222	428	415	552
Cash Interest Paid	32	37	50	-	-	-	40	45	51	61	68
Cash Interest Received	25	12	14	22	24	26	13	12	43	58	54

No quarterly cash flow statements for Copa are available.

This table presents Copa's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,519	3,641	4,422	4,442	4,357	3,853	4,248	4,690	5,197	5,742	6,583
Total Current Assets	421	607	506	466	428	306	433	414	1,268	977	795
Cash & Equivalents	205	332	239	156	159	119	211	122	206	613	383
Accounts Receivable	106	116	118	117	132	66	92	138	159	169	198
Inventories, net	62	75	82	87	69	74	75	93	117	132	148
Prepaid Expenses	49	85	68	106	68	30	55	61	45	63	67
Plant, Property, & Equipment, net	2,454	2,418	2,614	2,698	2,532	2,147	2,513	2,884	3,239	3,458	4,120
Plant, Property & Equipment, gross	2,454	2,418	2,614	2,698	2,532	2,147	2,513	2,884	3,239	3,458	4,120
Total Noncurrent Assets	643	615	1,302	1,237	1,277	1,385	1,302	1,393	690	1,307	1,668
Long-Term Investments	481	484	771	705	827	890	1,006	1,014	259	835	1,204
Intangible Assets	69	70	81	101	108	96	82	79	88	97	104
Noncurrent Deferred & Refundable Income Taxes	13	18	19	16	19	36	28	31	30	21	20
Employee Benefit Assets	6.05	8.83	3.19	5.09	0.25	-	0.00	0.50	-	1.06	3.22
Other Noncurrent Operating Assets	74	35	427	410	323	228	186	268	313	353	336
Total Liabilities & Shareholders' Equity	3,655	3,777	4,422	4,442	4,357	4,024	4,248	4,690	5,197	5,742	6,583
Total Liabilities	2,128	2,004	2,571	2,645	2,422	2,570	2,916	3,154	3,075	3,314	3,745
Total Current Liabilities	967	854	1,148	1,118	963	81	1,289	1,401	1,278	1,300	1,296
Short-Term Debt	246	223	298	312	123	-	197	142	222	255	173
Accounts Payable	219	120	130	140	134	67	121	169	185	232	167
Accrued Expenses	83	44	61	47	55	-	33	45	65	63	66
Current Deferred Revenue	-	-	-	-	-	-	35	55	55	59	74
Current Deferred & Payable Income Tax Liabilities	24	1.40	3.70	0.00	9.68	1.02	3.84	6.28	-	9.80	12
Other Current Liabilities	352	396	584	574	595	-	631	732	68	681	804
Total Noncurrent Liabilities	1,161	1,150	1,424	1,527	1,460	3,851	1,627	1,754	1,796	2,014	2,449
Long-Term Debt	1,055	961	876	975	938	1,164	1,229	1,302	1,240	1,416	1,808
Capital Lease Obligations	-	-	290	273	207	84	105	158	215	271	258
Noncurrent Deferred Revenue	-	-	-	-	-	-	60	56	70	73	81
Noncurrent Deferred & Payable Income Tax Liabilities	33	45	52	49	43	22	19	17	36	37	59
Other Noncurrent Operating Liabilities	73	144	205	229	272	2,581	207	221	234	218	242
Total Equity & Noncontrolling Interests	1,527	1,773	1,851	1,797	1,935	91	1,337	1,492	2,153	2,373	2,775
Total Preferred & Common Equity	1,527	1,773	1,851	1,797	1,935	91	1,337	1,492	2,122	2,373	2,775
Total Common Equity	1,527	1,773	1,851	1,797	1,935	91	1,337	1,492	2,122	2,373	2,775
Common Stock	86	93	101	109	115	91	127	132	240	245	251
Retained Earnings	1,442	1,682	1,890	1,829	1,965	-	1,368	1,716	2,096	2,435	2,841
Treasury Stock	-	-	-136	-136	-136	-	-177	-345	-204	-291	-300
Accumulated Other Comprehensive Income / (Loss)	-0.77	-1.87	-3.89	-4.23	-8.63	-	19	-11	-9.33	-16	-16
Other Equity Adjustments	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

No quarterly balance sheets for Copa are available.

This table displays calculated financial ratios and metrics derived from Copa's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	25.14%	6.35%	1.67%	-70.34%	133.13%	95.35%	17.51%	0.19%	5.45%
EBITDA Growth	0.00%	49.38%	-35.82%	33.60%	-150.33%	155.29%	168.56%	138.10%	-4.08%	10.21%
EBIT Growth	0.00%	41.99%	-54.99%	71.41%	-251.61%	131.42%	168.56%	77.72%	-4.08%	10.21%
NOPAT Growth	0.00%	112.65%	-55.30%	79.26%	-192.27%	152.62%	161.82%	72.23%	-4.66%	10.69%
Net Income Growth	0.00%	12.12%	-75.68%	180.05%	-345.77%	107.22%	693.85%	47.71%	18.29%	10.45%
EPS Growth	0.00%	12.06%	-75.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	51.56%	-6,937.25%	185.42%	85.20%	-161.11%	-210.35%	60.68%	337.06%	1,096.92%	-125.22%
Free Cash Flow Firm Growth	0.00%	0.00%	-65.12%	1,219.10%	141.00%	-198.69%	107.39%	203.29%	329.55%	-75.20%
Invested Capital Growth	0.00%	14.98%	6.50%	-14.60%	-99.56%	20,578.74%	17.73%	18.53%	7.61%	19.48%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.70%	63.51%	57.86%	60.61%	52.26%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	32.03%	38.24%	23.08%	30.32%	-51.46%	12.20%	16.78%	34.00%	24.29%	25.39%
Operating Margin	14.58%	24.50%	10.94%	18.59%	-72.95%	12.20%	16.78%	25.37%	24.29%	25.39%
EBIT Margin	21.88%	24.82%	10.51%	17.71%	-90.55%	12.20%	16.78%	25.37%	24.29%	25.39%
Profit (Net Income) Margin	19.56%	17.53%	4.01%	11.04%	-91.50%	2.83%	11.52%	14.48%	17.09%	17.90%
Tax Burden Percent	89.42%	70.61%	38.15%	62.34%	101.05%	23.23%	68.65%	57.06%	70.37%	70.52%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	10.58%	9.60%	14.94%	11.72%	0.00%	5.55%	7.92%	10.77%	11.30%	10.92%
Return on Invested Capital (ROIC)	10.75%	21.26%	8.60%	16.13%	-32.17%	18.54%	22.41%	32.66%	22.50%	26.46%
ROIC Less NNEP Spread (ROIC-NNEP)	57.25%	-6.58%	-12.34%	-13.14%	-702.67%	-35.80%	4.65%	-11.63%	8.47%	-1.51%
Return on Net Nonoperating Assets (RNNOA)	7.49%	-1.25%	-3.77%	-2.89%	-27.75%	-12.40%	2.20%	-4.21%	4.19%	-0.37%
Return on Equity (ROE)	18.24%	20.01%	4.84%	13.24%	-59.92%	6.14%	24.61%	28.45%	26.69%	26.09%
Cash Return on Invested Capital (CROIC)	0.00%	7.32%	2.31%	31.88%	166.07%	-179.53%	6.12%	15.71%	15.17%	8.72%
Operating Return on Assets (OROA)	10.10%	12.74%	5.22%	9.01%	-14.63%	4.66%	11.34%	18.23%	15.80%	15.45%
Return on Assets (ROA)	9.03%	8.99%	1.99%	5.61%	-14.79%	1.08%	7.79%	10.40%	11.12%	10.90%
Return on Common Equity (ROCE)	18.24%	20.01%	4.84%	13.24%	-59.92%	6.14%	24.61%	28.45%	26.33%	26.09%
Return on Equity Simple (ROE_SIMPLE)	18.24%	19.59%	4.91%	12.77%	-664.61%	3.28%	23.33%	24.23%	25.63%	0.00%
Net Operating Profit after Tax (NOPAT)	215	458	205	367	-339	178	467	804	767	848
NOPAT Margin	13.03%	22.15%	9.31%	16.41%	-51.06%	11.53%	15.45%	22.64%	21.55%	22.62%
Net Nonoperating Expense Percent (NNEP)	-46.50%	27.84%	20.94%	29.28%	670.50%	54.34%	17.75%	44.29%	14.03%	27.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	17.64%	16.92%
Cost of Revenue to Revenue	47.30%	36.49%	42.14%	39.39%	47.74%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	27.97%	5.53%	5.62%	5.28%	10.85%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.12%	39.01%	46.91%	42.02%	125.21%	87.80%	83.22%	74.63%	75.71%	74.61%
Earnings before Interest and Taxes (EBIT)	362	514	231	396	-601	189	507	901	864	952
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	530	791	508	678	-341	189	507	1,207	864	952
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.66	2.18	33.41	2.45	2.18	1.91	3.06	3.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.76	2.31	0.00	2.61	2.31	1.99	3.19	3.72
Price to Revenue (P/Rev)	0.00	0.00	1.36	1.89	4.60	2.12	1.08	1.14	2.04	2.65
Price to Earnings (P/E)	0.00	0.00	33.89	17.10	0.00	18.36	6.98	5.05	9.47	11.71
Dividend Yield	2.64%	2.16%	4.90%	2.60%	3.81%	0.00%	0.00%	3.19%	7.46%	5.34%
Earnings Yield	0.00%	0.00%	2.95%	5.85%	0.00%	5.45%	14.32%	19.82%	10.56%	8.54%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.50	2.15	355.48	1.87	1.65	1.71	2.20	3.03
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.68	2.01	4.96	2.32	1.23	1.28	2.18	2.82
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	7.26	6.64	0.00	19.00	7.35	3.78	8.97	11.11
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	15.96	11.37	0.00	19.00	7.35	5.06	8.97	11.11
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	18.01	12.27	0.00	20.11	7.98	5.67	10.12	12.47
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	14.00	9.23	0.00	0.00	0.00	5.29	16.44	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	67.04	6.21	1.88	0.00	29.23	11.79	15.00	37.87
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.79	0.87	0.66	13.66	1.14	1.07	0.79	0.81	0.81
Long-Term Debt to Equity	0.54	0.63	0.69	0.59	13.66	1.00	0.98	0.69	0.70	0.74
Financial Leverage	0.13	0.19	0.31	0.22	0.04	0.35	0.47	0.36	0.50	0.25
Leverage Ratio	2.17	2.22	2.43	2.36	4.05	5.67	3.16	2.74	2.40	2.39
Compound Leverage Factor	2.17	2.22	2.43	2.36	4.05	5.67	3.16	2.74	2.40	2.39
Debt to Total Capital	40.04%	44.17%	46.48%	39.58%	93.18%	53.38%	51.79%	44.16%	44.68%	44.65%
Short-Term Debt to Total Capital	7.53%	9.00%	9.29%	3.83%	0.00%	6.86%	4.60%	5.85%	5.87%	3.45%
Long-Term Debt to Total Capital	32.51%	35.17%	37.19%	35.75%	93.18%	46.52%	47.18%	38.30%	38.82%	41.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.96%	55.83%	53.52%	60.42%	6.82%	46.62%	48.22%	55.84%	54.61%	55.35%
Debt to EBITDA	2.24	1.85	3.07	1.87	-3.65	8.11	3.16	1.39	2.25	2.35
Net Debt to EBITDA	0.70	0.57	1.38	0.42	-0.70	1.66	0.92	0.42	0.57	0.68
Long-Term Debt to EBITDA	1.82	1.47	2.46	1.69	-3.65	7.07	2.88	1.21	1.95	2.17
Debt to NOPAT	5.50	3.20	7.62	3.45	-3.68	8.58	3.43	2.09	2.53	2.64
Net Debt to NOPAT	1.71	0.99	3.41	0.77	-0.70	1.76	1.00	0.63	0.64	0.77
Long-Term Debt to NOPAT	4.46	2.55	6.10	3.12	-3.68	7.48	3.13	1.81	2.20	2.44
Altman Z-Score	0.00	0.00	1.75	2.34	0.44	1.39	1.88	2.46	3.05	3.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.35%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.71	0.44	0.42	0.44	3.78	0.34	0.30	0.43	1.16	0.61
Quick Ratio	0.52	0.31	0.24	0.30	2.28	0.24	0.19	0.30	1.01	0.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	158	55	726	1,749	-1,726	127	387	517	279
Operating Cash Flow to CapEx	0.00%	-280.62%	0.00%	0.00%	0.00%	-737.83%	-147.26%	0.00%	76.92%	-14.59%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.51	0.50	0.51	0.16	0.38	0.68	0.72	0.65	0.61
Accounts Receivable Turnover	14.90	17.67	18.70	17.96	6.72	19.56	26.27	23.92	21.68	20.46
Inventory Turnover	11.44	9.66	11.02	11.32	4.42	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.68	0.82	0.83	0.86	0.28	0.66	1.12	1.16	1.06	0.99
Accounts Payable Turnover	4.61	6.03	6.86	6.44	3.16	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	24.49	20.66	19.52	20.33	54.36	18.66	13.89	15.26	16.84	17.84
Days Inventory Outstanding (DIO)	31.91	37.79	33.13	32.23	82.64	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	79.20	60.52	53.18	56.69	115.35	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-22.80	-2.08	-0.53	-4.13	21.65	18.66	13.89	15.26	16.84	17.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,005	2,306	2,456	2,097	9.25	1,914	2,253	2,670	3,532	3,490
Invested Capital Turnover	0.82	0.96	0.92	0.98	0.63	1.61	1.45	1.44	1.04	1.17
Increase / (Decrease) in Invested Capital	0.00	300	150	-359	-2,088	1,904	339	417	250	569
Enterprise Value (EV)	0.00	0.00	3,688	4,507	3,290	3,586	3,726	4,560	7,754	10,584
Market Capitalization	0.00	0.00	2,989	4,225	3,052	3,273	3,260	4,056	7,261	9,932
Book Value per Share	$0.00	$43.94	$42.65	$45.86	$2.16	$31.56	$35.58	$53.84	$28.22	$33.70
Tangible Book Value per Share	$0.00	$42.01	$40.25	$43.29	($0.10)	$29.63	$33.71	$51.61	$27.07	$32.44
Total Capital	2,957	3,316	3,357	3,203	1,339	2,867	3,095	3,800	4,345	5,014
Total Debt	1,184	1,465	1,560	1,268	1,248	1,530	1,603	1,678	1,941	2,239
Total Long-Term Debt	961	1,166	1,249	1,145	1,248	1,334	1,460	1,456	1,687	2,066
Net Debt	368	455	699	282	238	313	466	504	493	652
Capital Expenditures (CapEx)	-97	110	0.00	0.00	0.00	125	247	0.00	613	816
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-356	-582	-497	-571	106	-870	-967	-682	-723	-710
Debt-free Net Working Capital (DFNWC)	-24	-343	-340	-412	225	-659	-844	-475	476	-328
Net Working Capital (NWC)	-247	-641	-652	-535	225	-856	-987	-698	222	-501
Net Nonoperating Expense (NNE)	-108	96	117	120	268	134	119	290	158	177
Net Nonoperating Obligations (NNO)	232	455	659	162	-82	577	761	548	1,128	715
Total Depreciation and Amortization (D&A)	168	278	277	282	259	0.00	0.00	306	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-21.50%	-28.11%	-22.57%	-25.52%	15.99%	-56.26%	-31.99%	-19.20%	-20.32%	-18.94%
Debt-free Net Working Capital to Revenue	-1.44%	-16.57%	-15.47%	-18.43%	33.94%	-42.61%	-27.94%	-13.39%	13.39%	-8.74%
Net Working Capital to Revenue	-14.91%	-30.99%	-29.65%	-23.91%	33.94%	-55.32%	-32.65%	-19.65%	6.23%	-13.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$2.07	$5.81	($14.28)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	42.20M	42.28M	42.36M	41.93M	39.42M	84.08M	82.35M	82.28M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.07	$5.81	($14.28)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	42.20M	42.28M	42.36M	41.93M	39.42M	84.08M	82.35M	82.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$2.07	$5.81	($14.28)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	42.20M	42.28M	42.36M	41.93M	39.42M	84.08M	82.35M	82.28M
Normalized Net Operating Profit after Tax (NOPAT)	215	458	365	446	-169	178	467	804	767	848
Normalized NOPAT Margin	13.03%	22.15%	16.60%	19.94%	-25.42%	11.53%	15.45%	22.64%	21.55%	22.62%
Pre Tax Income Margin	21.88%	24.82%	10.51%	17.71%	-90.55%	12.20%	16.78%	25.37%	24.29%	25.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-26.63%	29.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	44.26%	39.58%
Augmented Payout Ratio	-26.63%	29.45%	0.00%	0.00%	0.00%	92.40%	48.16%	0.00%	58.62%	40.88%

No quarterly metrics and ratios for Copa are available.

Financials Breakdown Chart

Copa Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Copa's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Copa's net income appears to be on an upward trend, with a most recent value of $671.65 million in 2025, rising from $323.41 million in 2016. The previous period was $608.11 million in 2024. Check out Copa's forecast to explore projected trends and price targets.

Copa's total operating income in 2025 was $952.40 million, based on the following breakdown:

Total Gross Profit: $3.75 billion
Total Operating Expenses: $2.80 billion

Over the last 9 years, Copa's total revenue changed from $1.65 billion in 2016 to $3.75 billion in 2025, a change of 126.9%.

Copa's total liabilities were at $3.74 billion at the end of 2025, a 13.0% increase from 2024, and a 76.0% increase since 2015.

In the past 10 years, Copa's cash and equivalents has ranged from $119.07 million in 2020 to $613.31 million in 2024, and is currently $382.55 million as of their latest financial filing in 2025.

Over the last 9 years, Copa's book value per share changed from 0.00 in 2016 to 33.70 in 2025, a change of 3,370.4%.

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Financial statements for NYSE:CPA last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Copa (CPA) Financials

Financials Breakdown Chart

Copa Financials - Frequently Asked Questions

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Copa (CPA) Financials

Annual Income Statements for Copa

Quarterly Income Statements for Copa

Annual Cash Flow Statements for Copa

Quarterly Cash Flow Statements for Copa

Annual Balance Sheets for Copa

Quarterly Balance Sheets for Copa

Annual Metrics And Ratios for Copa

Quarterly Metrics And Ratios for Copa

Financials Breakdown Chart

Copa Financials - Frequently Asked Questions

When does Copa's financial year end?

How has Copa's net income changed over the last 9 years?

What is Copa's operating income?

How has Copa's revenue changed over the last 9 years?

How much debt does Copa have?

How much cash does Copa have?

How has Copa's book value per share changed over the last 9 years?

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