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Copa Holdings, S.A. logo

Copa Holdings, S.A.

CPA

NYSEIndustrialsAirlines, Airports & Air Services

Open in GoAI

Previous close

$129.95

+$1.66 · +1.29%

Aug 21, 4:00 PM ET

CPA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

94

Deep Value

Momentum

51

Neutral

Sentiment

68

Bullish

Risk resilience

68

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Airlines, Airports & Air Services
Sector
Industrials
Headquarters
PA
CEO
Pedro Heilbron
Listed since
Dec 14, 2005
Employees
8,565

Market position

Day range

Current $129.95

52-week range

Current $129.95

Open
$128.75
Previous close
$128.29
Volume
180.88K
0.52× average
Average volume
346.3K
Average daily volume
Market cap
5.36B USD
Beta
0.99
Market reference 1
50-day average
$143.54
-9.47% below average
200-day average
$130.77
-0.63% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.16B USD
EV / EBITDA
5.78×
Earnings yield
13.50%
Free cash flow yield
6.19%

Profitability & efficiency

Return on equity
24.20%
Return on assets
10.20%
Return on invested capital
13.18%

Financial health

Current ratio
1.23×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%27%13%-0%Gross margin, FY2021: 27.79%Gross margin, FY2022: 30.27%Gross margin, FY2023: 36.88%Gross margin, FY2024: 35.62%Gross margin, FY2025: 35.56%Operating margin, FY2021: 10.06%Operating margin, FY2022: 15.19%Operating margin, FY2023: 23.35%Operating margin, FY2024: 21.85%Operating margin, FY2025: 22.64%Net margin, FY2021: 2.90%Net margin, FY2022: 11.74%Net margin, FY2023: 14.87%Net margin, FY2024: 17.65%Net margin, FY2025: 18.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.79%. Gross margin FY2022 30.27%. Gross margin FY2023 36.88%. Gross margin FY2024 35.62%. Gross margin FY2025 35.56%. Operating margin FY2021 10.06%. Operating margin FY2022 15.19%. Operating margin FY2023 23.35%. Operating margin FY2024 21.85%. Operating margin FY2025 22.64%. Net margin FY2021 2.90%. Net margin FY2022 11.74%. Net margin FY2023 14.87%. Net margin FY2024 17.65%. Net margin FY2025 18.56%.

Income trends

Revenue

3.62B USD+4.98%

Operating income

818.96M USD+8.77%

Net income

671.65M USD+10.45%
Income trends across reported periods3.98B USD2.55B USD1.12B USD−313.55M USDRevenue, FY2021: 1.51B USDRevenue, FY2022: 2.97B USDRevenue, FY2023: 3.46B USDRevenue, FY2024: 3.45B USDRevenue, FY2025: 3.62B USDOperating income, FY2021: 151.96M USDOperating income, FY2022: 450.38M USDOperating income, FY2023: 807.23M USDOperating income, FY2024: 752.95M USDOperating income, FY2025: 818.96M USDNet income, FY2021: 43.84M USDNet income, FY2022: 348.05M USDNet income, FY2023: 514.1M USDNet income, FY2024: 608.11M USDNet income, FY2025: 671.65M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.51B USD. Revenue FY2022 2.97B USD. Revenue FY2023 3.46B USD. Revenue FY2024 3.45B USD. Revenue FY2025 3.62B USD. Operating income FY2021 151.96M USD. Operating income FY2022 450.38M USD. Operating income FY2023 807.23M USD. Operating income FY2024 752.95M USD. Operating income FY2025 818.96M USD. Net income FY2021 43.84M USD. Net income FY2022 348.05M USD. Net income FY2023 514.1M USD. Net income FY2024 608.11M USD. Net income FY2025 671.65M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.62B USD3.45B USD3.46B USD2.97B USD1.51B USD
Cost of goods sold2.33B USD2.22B USD2.18B USD2.07B USD1.09B USD
Gross profit1.29B USD1.23B USD1.27B USD897.53M USD419.59M USD
Selling, general, and administrative208.29M USD207.97M USD227.17M USD224.47M USD129.88M USD
Operating expenses467.48M USD474.61M USD467.72M USD447.15M USD267.63M USD
Interest income62.59M USD58.91M USD50.21M USD18.03M USD10.85M USD
Interest expense98.39M USD84.49M USD158.22M USD87.63M USD76.23M USD
Depreciation and amortization365.14M USD330.71M USD306.11M USD267.7M USD239.95M USD
Operating income818.96M USD752.95M USD807.23M USD450.38M USD151.96M USD
Net income671.65M USD608.11M USD514.1M USD348.05M USD43.84M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+7.24%
11 comparable reports
Latest EPS result
1.67
Estimate 1.88 · Miss by 11.17%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.444.12.761.42Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 3.99, estimate 3.84, surprise +3.91%, Beat. Q2 2025, reported May 7, 2025: actual 4.28, estimate 3.77, surprise +13.53%, Beat. Q3 2025, reported Aug 6, 2025: actual 3.61, estimate 3.25, surprise +11.08%, Beat. Q4 2025, reported Nov 19, 2025: actual 4.2, estimate 4.03, surprise +4.22%, Beat. Q1 2026, reported Feb 11, 2026: actual 4.18, estimate 4.44, surprise -5.86%, Miss. Q2 2026, reported May 13, 2026: actual 5.16, estimate 4.14, surprise +24.64%, Beat. Q3 2026, reported Aug 5, 2026: actual 1.67, estimate 1.88, surprise -11.17%, Miss. Q4 2026, reported Nov 18, 2026: actual —, estimate 4.34, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.21B1.07B932.55M796.25MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 878.62M USD, estimate 886.96M USD, surprise -0.94%, Miss. Q2 2025, reported May 7, 2025: actual 899.18M USD, estimate 887.86M USD, surprise +1.28%, Beat. Q3 2025, reported Aug 6, 2025: actual 842.6M USD, estimate 915.15M USD, surprise -7.93%, Miss. Q4 2025, reported Nov 19, 2025: actual 913.15M USD, estimate 915.8M USD, surprise -0.29%, Miss. Q1 2026, reported Feb 11, 2026: actual 962.89M USD, estimate 959.06M USD, surprise +0.40%, Beat. Q2 2026, reported May 13, 2026: actual 1.05B USD, estimate 1.04B USD, surprise +1.52%, Beat. Q3 2026, reported Aug 5, 2026: actual 1.06B USD, estimate 1.08B USD, surprise -1.90%, Miss. Q4 2026, reported Nov 18, 2026: actual —, estimate 1.16B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$181.2

39.44% upside
Past 12 months12-month forecastHigh $195Average $181.2Low $156

Rating distribution

30 ratings
Strong buy13%
Buy2273%
Hold723%
Sell00%
Strong sell00%

Recent analyst actions

11 institutions
B of A SecuritiesmaintainBuy

CPA news

zacks.com

Zacks Industry Outlook Delta Air, American Airlines, and Copa

Delta Air, American Airlines, and Copa have been highlighted in this Industry Outlook article.

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zacks.com

3 Airline Stocks to Monitor as the Industry Grapples With Challenges

Following a careful analysis of the Zacks Transportation Airline industry, we advise focusing on stocks like DAL, AAL and CPA.

Read source
globenewswire.com

NRC Commences Readiness Assessment of Terra Innovatum's SOLO™ Construction Permit Application (CPA)

NRC establishes scope, schedule, and multidisciplinary review team for the first phase of the readiness assessment of Terra Innovatum's planned SOLO™ Construction Permit Application

Read source
businesswire.com

LibertyStream Appoints Lisa Paulk Bohls, CPA, to Board of Directors

DALLAS--(BUSINESS WIRE)---- $LIB.v #criticalminerals--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce the appointment of Lisa…

Read source
marketbeat.com

Copa Q2 Earnings Call Highlights

Copa NYSE: CPA reported second-quarter operating profit of $91.7 million and an operating margin of 8.7%, as sharply higher fuel costs weighed on results despite continued demand strength and a 16.5% increase in…

Read source
seekingalpha.com

Copa Holdings: Q2 Turbulence Is Transitory, Second Half May Be Record-Setting.

Copa Holdings S.A. remains a Latin American airline outlier, boasting a 20% cost advantage and a fortress balance sheet. Q2 EPS declined due to fuel price spikes, but demand is robust, yields are up 9%, and capacity…

Read source

Corporate actions

Corporate action history

Stock split

Effective May 16, 2013

1:2

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ETFs holding CPA

Funds reporting this stock among their holdings, ordered by reported position size.

Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
25.77M
Weight
0.18%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
15.72M
Weight
0.19%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.29+0.72%
Global X - SuperDividend U.S. ETF logoGlobal X - SuperDividend U.S. ETFDIV
Market value
13.79M
Weight
1.74%
AUM
790.81M USD
Expense ratio
0.45%
Price / 1D
$19.77-0.15%
Dimensional - US Small Cap ETF logoDimensional - US Small Cap ETFDFAS
Market value
13.04M
Weight
0.08%
AUM
15.92B USD
Expense ratio
0.26%
Price / 1D
$83.02+0.73%
Capital Group New Geography Equity ETF logoCapital Group New Geography Equity ETFCGNG
Market value
12.61M
Weight
0.43%
AUM
2.95B USD
Expense ratio
0.64%
Price / 1D
$36.92+1.10%
Dimensional - US Core Equity 2 ETF logoDimensional - US Core Equity 2 ETFDFAC
Market value
8.97M
Weight
0.02%
AUM
49.31B USD
Expense ratio
0.17%
Price / 1D
$45.61+0.46%
Opus Small Cap Value Plus ETF logoOpus Small Cap Value Plus ETFOSCV
Market value
8.83M
Weight
1.30%
AUM
697.02M USD
Expense ratio
0.79%
Price / 1D
$42.30+0.28%
Capital Group International Core Equity ETF logoCapital Group International Core Equity ETFCGIC
Market value
6.54M
Weight
0.26%
AUM
2.48B USD
Expense ratio
0.54%
Price / 1D
$37.15+0.95%

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