CPA - NYSE

Copa Holdings, S.A.

CPA·NYSE

$135.84

+0.11%

IndustrialsAirlines, Airports & Air Services

Copa 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$5.60B

EPS16.2800

P/E Ratio8.34

Earnings Date08/05/2026

6.58B

Assets

15%

3Y+40.0%

5Y+71.0%

10Y+71.0%

3.81B

Total Liabilities

13%

3Y+19.0%

5Y+48.0%

10Y+91.0%

2.78B

Total Equity

17%

3Y+86.0%

5Y+116.0%

10Y+50.0%

Copa Holdings, S.A. Funding & Solvency Profile

CPA · NYSE

Current Assets

Cash & Cash Equivalents382.55M

Net Receivables197.64M

Inventory148.13M

Other Current Assets32.77M

Total Current Assets2 B

Non-Current Assets

Property, Plant & Equipment4.42B

Goodwill & Intangible Assets104.07M

Long-Term Investments248.58M

Other Non-Current Assets15.61M

Total Non-Current Assets5 B

Total Assets

6.58B

Financial Health Analysis

Current Ratio

1.23x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.37x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

338 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

27% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Copa Holdings, S.A. Balance Sheet

CPA • NYSE

Copa Holdings, S.A. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	382.6M	613.3M	206.4M	122.4M	211.1M	119.1M	158.7M	153.3M	238.8M	331.7M	202.7M	271.2M	139.2M	166.3M	243.8M	207.7M	262.7M	220.8M	285.9M	169.9M
Short-Term Investments	955.6M	585.9M	708.8M	812.3M	806.3M	770.8M	692.4M	566.2M	705.1M	483M	416M	492.7M	930.4M	484.8M	262.3M	194.9M	89.4M	176M	22.5M	27.5M
Cash & Short-Term Investments	1.3B	1.2B	915.2M	934.7M	1B	889.9M	851.1M	719.5M	943.9M	814.7M	618.7M	764M	1.1B	651.1M	506.1M	402.6M	352.1M	396.8M	308.4M	197.4M
Net Receivables	197.6M	187.7M	177.3M	148.1M	97.2M	71.1M	109.6M	96.4M	115.6M	107.4M	87.9M	126.8M	139.3M	136.3M	143M	89.4M	80.8M	75.2M	81.4M	62.1M
Accounts Receivables	194.4M	169M	138.3M	123.8M	92.5M	64.6M	109.6M	83.8M	115.6M	107.4M	87.9M	113.6M	124.7M	122.8M	126.5M	89.4M	80.8M	75.2M	74.2M	62.1M
Other Receivables	3.2M	18.7M	39M	24.4M	4.8M	6.5M	0.0	12.5M	0.0	0.0	0.0	13.2M	14.6M	13.5M	16.5M	0.0	0.0	0.0	7.2M	0.0
Inventory	148.1M	132.3M	116.6M	93.3M	74.8M	74.3M	69.1M	86.5M	81.8M	74.5M	62.2M	59.4M	56.8M	50.6M	42.4M	44M	23.3M	18.4M	14.1M	8.7M
Prepaids	61.4M	54.6M	44.7M	53.1M	5.3M	9.3M	5.5M	9.7M	41.6M	25.7M	48.7M	56.8M	54.8M	63.1M	40.1M	31.8M	30.5M	26.7M	25.6M	16.6M
Other Current Assets	32.8M	3M	14.2M	6.5M	44M	174.8M	189M	145M	11.7M	47.1M	88.1M	202.7M	516.4M	7.3M	4.1M	2.7M	2.6M	4M	6.3M	5.9M
Total Current Assets	1.8B	1.6B	1.3B	1.2B	1.2B	1.2B	1.2B	1.1B	1.2B	1.1B	910.2M	1B	1.3B	917.5M	754.7M	614.3M	502.2M	522.5M	435.7M	290.7M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	4.4B	3.8B	3.5B	3.1B	2.7B	2.4B	2.8B	2.7B	2.8B	2.6B	2.7B	2.5B	2.3B	2.3B	2B	1.7B	1.5B	1.3B	1.2B	862.3M
Goodwill	0.0	20.4M	20.4M	20.4M	20.4M	20.4M	20.4M	20.4M	20.4M	20.4M	20.4M	20.4M	25.3M	27.6M	25.1M	25.5M	23.9M	21.7M	24.2M	21.8M
Intangible Assets	104.1M	76.4M	67.6M	58.2M	61.4M	75.2M	87.7M	80.8M	60.7M	49.1M	49M	36.9M	28.2M	59.4M	47M	37.4M	35M	31.9M	35.5M	0.0
Goodwill & Intangible Assets	104.1M	96.8M	88M	78.6M	81.7M	95.6M	108.1M	101.2M	81.1M	69.5M	69.4M	57.3M	53.5M	87M	72.1M	62.8M	58.8M	53.6M	59.7M	21.8M
Long-Term Investments	248.6M	248.9M	258.9M	202.1M	199.7M	119.6M	134.3M	138.8M	66M	953K	423.5M	396.8M	99.8M	69.4M	104.8M	6.2M	6.4M	11.1M	17M	29M
Tax Assets	19.9M	20.7M	30.1M	30.7M	28.2M	35.6M	19.2M	16M	18.6M	18.3M	21.9M	17.2M	7.5M	3.7M	9M	2.5M	2.2M	1.5M	0.0	0.0
Other Non-Current Assets	15.6M	31.4M	32M	25.3M	20.8M	21.5M	38M	66.9M	62.9M	64.2M	90.5M	91.8M	100.6M	121.3M	125.3M	40.9M	41.6M	27.9M	28.5M	51.3M
Total Non-Current Assets	4.8B	4.2B	3.9B	3.5B	3B	2.6B	3.1B	3B	3.1B	2.8B	3.3B	3.1B	2.6B	2.6B	2.3B	1.9B	1.6B	1.4B	1.3B	964.4M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1K	2K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	6.6B	5.7B	5.2B	4.7B	4.2B	3.9B	4.3B	4.1B	4.3B	3.8B	4.2B	4.1B	4B	3.5B	3.1B	2.5B	2.1B	2B	1.7B	1.3B
LIABILITIES
CURRENT LIABILITIES
Total Payables	176.2M	296.2M	254.7M	217.8M	157.3M	81.4M	190.1M	185.4M	265M	183.8M	369.2M	196.5M	232.6M	211.9M	187.6M	129.8M	108.2M	102.8M	104.9M	56.4M
Accounts Payable	164.3M	229.1M	182.3M	166.7M	112.6M	63.5M	119.3M	125M	130M	104.2M	219M	125.4M	95M	125.2M	114.9M	66M	50.9M	65.6M	68.3M	56.4M
Other Payables	11.9M	67.1M	72.4M	51.2M	44.7M	18M	70.8M	60.4M	135.1M	79.6M	150.2M	71.1M	137.5M	86.7M	72.7M	63.7M	57.3M	37.2M	36.6M	0.0
Accrued Expenses	66M	4.3M	4.2M	4.2M	4.3M	23.6M	4.6M	4.5M	61.3M	5.8M	82.9M	41.8M	30.8M	18M	30.5M	47.6M	49.1M	40.6M	52.2M	32.1M
Short Term Debt	239M	254.9M	222.4M	142.5M	196.6M	127.9M	122.6M	312M	298.5M	222.7M	245.5M	187.6M	156.5M	136.3M	131.3M	100.9M	94.6M	115.8M	110.7M	91.5M
Capital Lease Obligations (Current)	0.0	59.1M	68.3M	80.1M	73.9M	83.6M	97.7M	102.5M	107M	0.0	25.5M	0.0	-131K	0.0	-207K	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	65.3M	26.7M	50.2M	36.4M	14.4M	61.3M	44.7M	85.1M	69.9M	60.2M	60.6M	113.5M	85.4M	70.6M	49.9M	43.2M	37.2M	36.6M	31.5M
Deferred Revenue	155.6M	681.3M	666.9M	707.1M	592.1M	486.7M	532.5M	502M	494.4M	405.3M	371M	408M	578.4M	382.8M	297.1M	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	803.2M	59.5M	61.9M	41.9M	29M	10.1M	50.1M	42.5M	-61.3M	45.1M	-82.9M	147.5M	40.7M	39.7M	12.4M	219.7M	191.8M	242.8M	157.2M	159.6M
Total Current Liabilities	1.4B	1.4B	1.3B	1.2B	1.1B	813.4M	997.6M	1B	1.1B	922.4M	979.6M	970.5M	1B	788.7M	658M	506.8M	446.6M	502.1M	425M	339.6M
NON-CURRENT LIABILITIES
Long Term Debt	2.1B	1.4B	1.2B	1.3B	1.2B	1B	938.2M	975.3M	876.1M	961.4M	1.1B	929M	913.5M	1.1B	936.7M	888.7M	751M	800.2M	732.2M	529.8M
Deferred Revenue (Non-Current)	0.0	72.6M	69.8M	56.2M	60.4M	75.2M	45.2M	37.5M	33.1M	26.3M	17.2M	6.1M	6.2M	6.3M	5.8M	2.6M	2.4M	2.1M	1.9M	1.7M
Deferred Tax Liabilities (Non-Current)	59.2M	37.5M	36.4M	16.6M	18.8M	22.2M	43.4M	48.9M	50.6M	39.7M	46.5M	31.3M	38.7M	38.3M	30.2M	21.7M	13.4M	8.7M	6.7M	4.6M
Other Non-Current Liabilities	-16M	217.6M	234.5M	471.8M	482.8M	476.2M	191.2M	161.6M	-168.7M	-413M	87.2M	94M	60.5M	43.7M	50.5M	39.4M	13.9M	8.7M	11.7M	9.4M
Total Non-Current Liabilities	2.4B	2B	1.8B	2B	1.9B	1.8B	1.4B	1.2B	1.1B	1.1B	1.2B	1B	1B	1.2B	1B	931M	780.7M	819.7M	750.6M	543.8M
Capital Lease Obligations	258.4M	329.7M	283.7M	238.4M	178.7M	230.5M	304.6M	375.7M	397M	461.7M	25.5M	0.0	-131K	0.0	-207K	0.0	-2.4M	-2.1M	0.0	0.0
Total Liabilities	3.8B	3.4B	3.1B	3.2B	2.9B	2.6B	2.4B	2.2B	2.1B	2B	2.2B	2B	2.1B	1.9B	1.7B	1.4B	1.2B	1.3B	1.2B	883.3M
SHAREHOLDERS' EQUITY
Treasury Stock	-300.1M	-291.4M	-204.1M	-344.5M	-176.9M	-136.4M	-136.4M	-136.4M	-136.4M	-136.4M	-136.4M	-18.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	8K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	30.8M	30.7M	30.7M	28.8M	28.8M	28.7M	28.6M	28.6M	28.5M	28.5M	28.4M	28.3M	30.1M	30.1M	30M	29.8M	0.0	0.0	29.3M	29.2M
Additional Paid-In Capital	220.2M	214.5M	209.1M	103.5M	98.3M	91.3M	86.1M	80M	72.9M	65M	57.5M	53.5M	47M	40.7M	33.6M	26.1M	22.2M	13.5M	8.1M	3.3M
Retained Earnings	2.8B	2.4B	2.1B	1.7B	1.4B	1.3B	2B	1.9B	2.2B	1.9B	2B	2B	1.8B	1.5B	1.3B	982.7M	817.6M	594M	491.6M	343.4M
Accumulated Other Comprehensive Income/Loss	-15.9M	-15.7M	-9.3M	-11.4M	-18.7M	-24.1M	-8.6M	-4.2M	-3.9M	-1.9M	3.6M	-9M	3.4M	7.6M	1.6M	939K	-265K	-4.5M	2.7M	-4.3M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	4.2M	7.6M	0.0	29.8M	70.5M	29.5M	0.0	0.0
Total Stockholders' Equity	2.8B	2.4B	2.1B	1.5B	1.3B	1.3B	1.9B	1.8B	2.1B	1.8B	2B	2.1B	1.9B	1.5B	1.4B	1B	865.6M	632.4M	531.6M	371.7M
Total Equity	2.8B	2.4B	2.1B	1.5B	1.3B	1.3B	1.9B	1.8B	2.1B	1.8B	2B	2.1B	1.9B	1.5B	1.4B	1B	865.6M	632.4M	531.6M	371.7M
SUMMARY
Total Liabilities & Equity	6.6B	5.7B	5.2B	4.7B	4.2B	3.9B	4.3B	4.1B	4.3B	3.8B	4.2B	4.1B	4B	3.5B	3.1B	2.5B	2.1B	2B	1.7B	1.3B
Total Investments	1.2B	834.9M	967.7M	1B	1B	890.4M	826.8M	705M	771.1M	484M	481.1M	942M	1B	644.5M	367.2M	201.1M	95.8M	187.2M	39.5M	56.5M
Total Debt	2.6B	2B	1.7B	1.7B	1.6B	1.4B	1.4B	1.3B	1.2B	1.2B	1.3B	1.1B	1.1B	1.2B	1.1B	989.5M	845.5M	916M	842.9M	621.3M
Net Debt	2.2B	1.4B	1.5B	1.6B	1.4B	1.3B	1.2B	1.1B	935.8M	852.4M	1.1B	845.4M	930.7M	1B	824.1M	781.9M	582.9M	695.2M	557M	451.4M
Shares Outstanding	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938	41,230,938

SEC Filings

CPA - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
6-K 6-K 2025 Q4 Q4	May 18, 2026	December 31, 2025	2025	View Filing
6-K 6-K 2026 Q1 Q1	May 14, 2026	March 31, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 13, 2026	April 30, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	April 14, 2026	March 31, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	April 13, 2026	March 31, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	March 24, 2026	March 24, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	March 16, 2026	February 28, 2026	2026	View Filing
6-K 6-K 2025 Q4 Q4	February 27, 2026	December 31, 2025	2025	View Filing
20-F 20-F 2025 FY FY	February 26, 2026	December 31, 2025	2025	View Filing
6-K 6-K 2025 Q4 Q4	February 13, 2026	December 31, 2025	2025	View Filing

Showing 1 to 10 of 641 filings

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