Copa Holdings, S.A. - Understand $cpa stock

$CPA Market Cap: $3.738 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.485B

TTM

Gross Margin

61.41%

TTM

Net Earnings

$634.1M

TTM

Current Assets

$1.431B

Q3 2024

Current Liabilities

$1.318B

Q3 2024

Current Ratio

108.63%

Q3 2024

Total Assets

$5.508B

Q3 2024

Total Liabilities

$3.192B

Q3 2024

Book Value

$2.316B

Q3 2024

Cash

$275.2M

Q3 2024

P/E

5.894

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$3.461B	$2.965B	$1.510B	$801.0M	$2.707B	$2.678B	$2.522B	$2.219B	$2.254B	$2.705B	$2.608B	$2.249B	$1.831B	$1.415B	$1.256B	$1.289B	$1.027B	$851.2M	$608.6M	$399.8M	$341.8M	$300.6M
YoY Change	16.73%	96.37%	88.51%	-70.41%	1.11%	6.18%	13.64%	-1.53%	-16.69%	3.71%	15.96%	22.86%	29.41%	12.63%	-2.54%	25.46%	20.69%	39.86%	52.23%	16.97%	13.71%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$3.461B	$2.965B	$1.510B	$801.0M	$2.707B	$2.678B	$2.522B	$2.219B	$2.254B	$2.705B	$2.608B	$2.249B	$1.831B	$1.415B	$1.256B	$1.289B	$1.027B	$851.2M	$608.6M	$399.8M	$341.8M	$300.6M
Cost Of Revenue	$1.350B	$1.349B	$556.4M	$303.2M	$1.006B	$1.063B	$875.0M	$816.7M	$869.5M	$1.187B	$1.120B	$1.026B	$784.3M	$458.4M	$404.9M	$514.9M	$370.0M	$313.7M	$222.0M	$106.1M	$92.90M	$89.90M
Gross Profit	$2.111B	$1.616B	$953.5M	$497.8M	$1.702B	$1.615B	$1.647B	$1.403B	$1.384B	$1.518B	$1.488B	$1.223B	$1.047B	$956.4M	$851.2M	$773.9M	$657.3M	$537.5M	$386.6M	$293.8M	$248.9M	$210.7M
Gross Profit Margin	60.99%	54.49%	63.15%	62.15%	62.85%	60.3%	65.3%	63.2%	61.42%	56.12%	57.05%	54.39%	57.16%	67.6%	67.77%	60.05%	63.98%	63.15%	63.52%	73.49%	72.82%	70.09%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$862.7M	$772.2M	$479.6M	$384.3M	$866.0M	$866.2M	$816.5M	$877.3M	$875.6M	$793.9M	$748.5M	$654.5M	$528.0M	$504.3M	$455.1M	$416.1M	$343.1M	$277.8M	$207.0M	$150.7M	$136.5M	$125.2M
YoY Change	11.73%	60.99%	24.81%	-55.62%	-0.02%	6.09%	-6.93%	0.19%	10.29%	6.07%	14.36%	23.96%	4.7%	10.81%	9.37%	21.28%	23.51%	34.2%	37.36%	10.4%	9.03%
% of Gross Profit	40.87%	47.79%	50.3%	77.2%	50.89%	53.64%	49.58%	62.55%	63.26%	52.3%	50.3%	53.5%	50.45%	52.73%	53.47%	53.77%	52.2%	51.68%	53.54%	51.29%	54.84%	59.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$305.7M	$267.7M	$239.9M	$259.3M	$282.1M	$276.6M	$167.3M	$167.8M	$134.9M	$115.1M	$136.5M	$89.20M	$75.50M	$63.00M	$50.90M	$42.90M	$35.30M	$24.90M	$19.90M	$19.30M	$14.00M	$13.40M
YoY Change	14.18%	11.57%	-7.46%	-8.08%	1.99%	65.33%	-0.3%	24.39%	17.2%	-15.68%	53.03%	18.15%	19.84%	23.77%	18.65%	21.53%	41.77%	25.13%	3.11%	37.86%	4.48%
% of Gross Profit	14.48%	16.57%	25.16%	52.09%	16.58%	17.13%	10.16%	11.96%	9.75%	7.58%	9.17%	7.29%	7.21%	6.59%	5.98%	5.54%	5.37%	4.63%	5.15%	6.57%	5.62%	6.36%
Operating Expenses	$1.299B	$1.165B	$807.0M	$715.6M	$1.266B	$1.267B	$1.208B	$1.132B	$1.116B	$996.9M	$970.5M	$820.9M	$661.6M	$666.8M	$591.7M	$549.9M	$460.5M	$371.3M	$277.4M	$211.4M	$187.0M	$166.2M
YoY Change	11.48%	44.4%	12.77%	-43.48%	-0.03%	4.82%	6.79%	1.41%	11.94%	2.72%	18.22%	24.08%	-0.78%	12.69%	7.6%	19.41%	24.02%	33.85%	31.22%	13.05%	12.52%
Operating Profit	$811.8M	$450.4M	$146.5M	-$217.8M	$435.4M	$348.1M	$438.4M	$270.9M	$268.3M	$521.1M	$517.5M	$402.5M	$385.0M	$289.6M	$259.5M	$224.0M	$196.8M	$166.2M	$109.2M	$82.40M	$61.90M	$44.50M
YoY Change	80.24%	207.39%	-167.27%	-150.02%	25.08%	-20.6%	61.83%	0.97%	-48.51%	0.7%	28.57%	4.55%	32.94%	11.6%	15.85%	13.82%	18.41%	52.2%	32.52%	33.12%	39.1%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	-$203.3M	-$62.22M	-$92.45M	-$159.9M	-$42.30M	-$35.80M	-$23.40M	$100.7M	-$458.9M	-$136.0M	-$36.60M	-$41.00M	-$35.50M	-$34.10M	$35.20M	-$29.00M	-$29.60M	-$20.20M	-$17.00M	-$14.10M	-$8.700M	-$5.700M
YoY Change	226.69%	-32.7%	-42.18%	278.01%	18.16%	52.99%	-123.24%	-121.94%	237.43%	271.58%	-10.73%	15.49%	4.11%	-196.88%	-221.38%	-2.03%	46.53%	18.82%	20.57%	62.07%	52.63%
% of Operating Profit	-25.04%	-13.82%	-63.1%		-9.72%	-10.28%	-5.34%	37.17%	-171.04%	-26.1%	-7.07%	-10.19%	-9.22%	-11.77%	13.56%	-12.95%	-15.04%	-12.15%	-15.57%	-17.11%	-14.05%	-12.81%
Other Income/Expense, Net	$7.152M	$69.00K	-$5.174M	-$9.900M	-$10.40M	-$1.000M	-$3.100M	-$4.000M	-$1.600M	$13.20M	$7.600M	$4.800M	-$3.400M	$4.500M	$700.0K	-$58.80M	$11.00M	$200.0K	$400.0K	$6.100M	$2.600M	-$1.500M
YoY Change	10265.22%	-101.33%	-47.74%	-4.81%	940.0%	-67.74%	-22.5%	150.0%	-112.12%	73.68%	58.33%	-241.18%	-175.56%	542.86%	-101.19%	-634.55%	5400.0%	-50.0%	-93.44%	134.62%	-273.33%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$615.6M	$388.2M	$54.33M	-$630.8M	$293.4M	$122.7M	$411.9M	$361.7M	-$192.2M	$398.3M	$488.6M	$366.3M	$346.0M	$260.0M	$276.0M	$136.1M	$178.9M	$146.1M	$92.60M	$74.30M	$52.10M	$23.70M
YoY Change	58.58%	614.58%	-108.61%	-315.0%	139.12%	-70.21%	13.88%	-288.19%	-148.26%	-18.48%	33.39%	5.87%	33.08%	-5.8%	102.79%	-23.92%	22.45%	57.78%	24.63%	42.61%	119.83%
Income Tax	$97.46M	$40.18M	$10.49M	-$23.70M	$46.40M	$34.50M	$49.30M	$38.30M	$32.80M	$36.60M	$61.10M	$39.90M	$35.60M	$19.00M	$26.90M	$17.50M	$17.10M	$12.30M	$9.600M	$5.700M	$3.600M	$3.000M
% Of Pretax Income	15.83%	10.35%	19.3%		15.81%	28.12%	11.97%	10.59%		9.19%	12.51%	10.89%	10.29%	7.31%	9.75%	12.86%	9.56%	8.42%	10.37%	7.67%	6.91%	12.66%
Net Earnings	$518.2M	$348.1M	$43.84M	-$607.1M	$247.0M	$88.20M	$362.6M	$323.4M	-$225.0M	$361.7M	$427.5M	$326.5M	$310.4M	$241.1M	$249.1M	$118.7M	$161.8M	$133.8M	$83.00M	$68.60M	$48.50M	$20.70M
YoY Change	48.88%	693.85%	-107.22%	-345.79%	180.05%	-75.68%	12.12%	-243.73%	-162.21%	-15.39%	30.93%	5.19%	28.74%	-3.21%	109.86%	-26.64%	20.93%	61.2%	20.99%	41.44%	134.3%
Net Earnings / Revenue	14.97%	11.74%	2.9%	-75.79%	9.12%	3.29%	14.38%	14.57%	-9.98%	13.37%	16.39%	14.51%	16.95%	17.04%	19.83%	9.21%	15.75%	15.72%	13.64%	17.16%	14.19%	6.89%
Basic Earnings Per Share
Diluted Earnings Per Share	$12.89	$8.58	$1.033M	-$14.28M	$5.812M	$2.075M	$8.552M	$7.627M	-$5.125M	$8.146M	$9.628M	$7.354M	$6.975M	$5.480M	$5.674M	$2.710M	$3.694M	$3.076M	$1.939M	$1.603M	$1.133M	$483.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments	$915.2M	$934.7M	$1.017B	$889.9M	$851.1M	$722.4M	$943.9M	$814.7M	$684.9M	$766.6M	$1.132B	$660.1M	$524.8M	$402.6M	$352.1M	$396.8M	$308.4M	$197.4M	$114.5M	$110.9M	$61.40M
YoY Change	-2.09%	-8.13%	14.33%	4.56%	17.82%	-23.47%	15.86%	18.95%	-10.66%	-32.26%	71.44%	25.78%	30.35%	14.34%	-11.27%	28.66%	56.23%	72.4%	3.25%	80.62%
Cash & Equivalents	$206.4M	$122.4M					$238.8M	$92.90M						$117.8M	$262.7M	$220.8M	$285.9M	$169.9M	$94.10M	$99.70M	$57.60M
Short-Term Investments	$708.8M	$812.3M	$806.3M	$790.3M	$732.4M	$600.2M	$705.1M	$576.2M	$564.5M	$591.3M	$1.034B	$615.1M	$419.1M	$194.9M	$89.40M	$176.0M	$22.50M	$27.50M	$20.40M	$11.30M	$3.800M
Other Short-Term Assets	$76.93M	$61.77M	$49.35M	$189.2M	$171.6M	$122.5M	$53.30M	$66.10M	$54.60M	$62.70M	$77.60M	$70.40M	$44.20M	$56.40M	$43.10M	$32.00M	$39.10M	$22.50M	$19.20M	$11.10M	$13.80M
YoY Change	24.53%	25.18%	-73.92%	10.26%	40.08%	129.83%	-19.36%	21.06%	-12.92%	-19.2%	10.23%	59.28%	-21.63%	30.86%	34.69%	-18.16%	73.78%	17.19%	72.97%	-19.57%
Inventory	$116.6M	$93.33M	$74.78M	$74.30M	$69.10M	$86.50M	$81.80M	$74.50M	$62.20M	$60.00M	$56.80M	$50.60M	$42.40M	$46.00M	$27.10M	$18.40M	$14.10M	$8.700M	$4.100M	$2.300M	$1.800M
Prepaid Expenses
Receivables	$159.2M	$137.6M	$92.45M	$64.60M	$129.8M	$116.1M	$115.6M	$114.1M	$105.8M	$122.2M	$135.1M	$136.3M	$143.0M	$74.10M	$69.40M	$75.20M	$74.20M	$62.10M	$46.50M	$27.70M	$31.00M
Other Receivables	$0.00	$0.00	$4.791M	$1.400M	$12.80M	$12.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$15.30M	$11.40M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.268B	$1.227B	$1.239B	$1.219B	$1.234B	$1.060B	$1.195B	$1.069B	$907.6M	$1.011B	$1.401B	$917.5M	$754.2M	$594.4M	$503.0M	$522.5M	$435.7M	$290.7M	$184.4M	$152.1M	$108.1M
YoY Change	3.3%	-0.92%	1.59%	-1.22%	16.46%	-11.28%	11.71%	17.83%	-10.26%	-27.82%	52.72%	21.65%	26.88%	18.17%	-3.73%	19.92%	49.88%	57.65%	21.24%	40.7%
Property, Plant & Equipment	$3.520B	$3.118B	$2.679B	$2.362B	$2.823B	$3.060B	$2.999B	$2.624B	$2.651B	$2.505B	$2.349B	$2.285B	$2.000B	$1.773B	$1.480B	$1.338B	$1.166B	$862.3M	$637.5M	$541.2M	$480.5M
YoY Change	12.9%	16.38%	13.43%	-16.34%	-7.74%	2.05%	14.29%	-1.02%	5.8%	6.68%	2.8%	14.22%	12.85%	19.75%	10.65%	14.7%	35.25%	35.26%	17.79%	12.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$258.9M	$202.1M	$199.7M	$122.6M	$138.5M	$158.9M	$66.00M	$11.40M	$13.60M	$423.0M	$56.10M	$87.90M	$121.9M			$11.10M	$17.00M	$29.00M	$26.20M	$3.900M
YoY Change	28.15%	1.19%	62.86%	-11.48%	-12.84%	140.76%	478.95%	-16.18%	-96.78%	654.01%	-36.18%	-27.89%				-34.71%	-41.38%	10.69%	571.79%
Other Assets	$62.16M	$56.02M	$49.02M	$53.00M	$51.00M	$60.70M	$79.60M	$70.20M	$74.30M	$82.50M	$93.50M	$102.6M	$117.3M	$120.1M	$111.6M	$29.40M	$28.50M	$19.30M	$17.00M	$4.800M	$3.400M
YoY Change	10.96%	14.29%	-7.51%	3.92%	-15.98%	-23.74%	13.39%	-5.52%	-9.94%	-11.76%	-8.87%	-12.53%	-2.33%	7.62%	279.59%	3.16%	47.67%	13.53%	254.17%	41.18%
Total Long-Term Assets	$3.929B	$3.455B	$3.009B	$2.634B	$3.123B	$3.382B	$3.228B	$2.777B	$2.808B	$3.068B	$2.552B	$2.562B	$2.312B	$1.962B	$1.658B	$1.432B	$1.272B	$964.3M	$732.5M	$550.0M	$483.8M
YoY Change	13.74%	14.79%	14.25%	-15.66%	-7.66%	4.78%	16.24%	-1.11%	-8.48%	20.25%	-0.41%	10.83%	17.84%	18.3%	15.82%	12.59%	31.87%	31.65%	33.18%	13.68%
Total Assets	$5.197B	$4.682B	$4.248B	$3.853B	$4.357B	$4.442B	$4.422B	$3.846B	$3.716B	$4.080B	$3.953B	$3.480B	$3.066B	$2.556B	$2.161B	$1.954B	$1.707B	$1.255B	$916.9M	$702.1M	$591.9M
YoY Change
Accounts Payable	$183.5M	$167.7M	$120.5M	$66.40M	$133.4M	$139.6M	$130.0M	$112.9M	$100.3M	$132.2M	$109.5M	$125.2M	$114.9M	$79.90M	$65.00M	$65.60M	$68.30M	$56.40M	$52.60M	$29.10M	$28.00M
YoY Change	9.46%	39.09%	81.54%	-50.22%	-4.44%	7.38%	15.15%	12.56%	-24.13%	20.73%	-12.54%	8.96%	43.8%	22.92%	-0.91%	-3.95%	21.1%	7.22%	80.76%	3.93%
Accrued Expenses	$64.94M	$6.323M	$5.043M	$3.300M	$5.600M	$5.000M	$61.30M	$1.000M						$47.60M	$49.10M	$40.60M	$52.20M	$32.10M	$14.80M	$12.80M	$7.100M
YoY Change	927.04%	25.38%	52.82%	-41.07%	12.0%	-91.84%	6030.0%							-3.05%	20.94%	-22.22%	62.62%	116.89%	15.63%	80.28%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$290.7M	$222.6M	$270.5M	$211.6M	$215.0M	$414.4M	$405.4M	$222.7M	$245.5M	$187.6M	$156.3M	$136.3M	$131.1M	$100.9M	$94.60M	$115.8M	$110.7M	$91.50M	$67.90M	$30.60M	$59.70M
YoY Change	30.63%	-17.73%	27.84%	-1.58%	-48.12%	2.22%	82.04%	-9.29%	30.86%	20.03%	14.67%	3.97%	29.93%	6.66%	-18.31%	4.61%	20.98%	34.76%	121.9%	-48.74%
Total Short-Term Liabilities	$1.344B	$1.241B	$1.053B	$813.4M	$997.6M	$1.149B	$1.165B	$862.7M	$985.7M	$981.5M	$1.039B	$788.7M	$658.7M	$460.6M	$443.6M	$502.1M	$425.0M	$339.6M	$254.0M	$143.0M	$156.7M
YoY Change	8.29%	17.88%	29.47%	-18.46%	-13.16%	-1.37%	35.02%	-12.48%	0.43%	-5.52%	31.71%	19.74%	43.01%	3.83%	-11.65%	18.14%	25.15%	33.7%	77.62%	-8.74%
Long-Term Debt	$1.456B	$1.460B	$1.334B	$1.183B	$1.145B	$1.249B	$1.166B	$961.4M	$1.055B	$929.0M	$913.5M	$1.070B	$936.7M	$888.7M	$751.0M	$800.2M	$732.2M	$529.8M	$403.0M	$380.8M	$312.0M
YoY Change	-0.31%	9.47%	12.75%	3.31%	-8.29%	7.06%	21.3%	-8.89%	13.58%	1.7%	-14.61%	14.21%	5.4%	18.34%	-6.15%	9.29%	38.2%	31.46%	5.83%	22.05%
Other Long-Term Liabilities	$234.5M	$471.8M	$543.2M	$551.4M	$236.4M	$199.0M	$187.9M	$134.8M	$54.30M	$57.70M	$60.50M	$50.10M	$50.50M	$39.40M	$31.60M	$10.80M	$11.70M	$9.400M	$10.10M	$2.500M	$5.500M
YoY Change	-50.3%	-13.15%	-1.48%	133.25%	18.79%	5.91%	39.39%	148.25%	-5.89%	-4.63%	20.76%	-0.79%	28.17%	24.68%	192.59%	-7.69%	24.47%	-6.93%	304.0%	-54.55%
Total Long-Term Liabilities	$1.690B	$1.932B	$1.877B	$1.734B	$1.381B	$1.448B	$1.354B	$1.096B	$1.110B	$986.7M	$974.0M	$1.120B	$987.2M	$928.1M	$782.6M	$811.0M	$743.9M	$539.2M	$413.1M	$383.3M	$317.5M
YoY Change	-12.52%	2.92%	8.23%	25.55%	-4.57%	6.9%	23.53%	-1.2%	12.45%	1.3%	-13.03%	13.44%	6.37%	18.59%	-3.5%	9.02%	37.96%	30.53%	7.77%	20.72%
Total Liabilities	$3.071B	$3.190B	$2.949B	$2.570B	$2.423B	$2.645B	$2.571B	$2.004B	$2.128B	$2.005B	$2.051B	$1.943B	$1.676B	$1.411B	$1.250B	$1.322B	$1.176B	$883.3M	$671.0M	$527.9M	$476.3M
YoY Change	-3.73%	8.17%	14.75%	6.08%	-8.42%	2.88%	28.32%	-5.84%	6.17%	-2.26%	5.55%	15.91%	18.78%	12.89%	-5.42%	12.44%	33.09%	31.64%	27.11%	10.83%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.7375 Billion

About Copa Holdings, S.A.

Copa Holdings SA engages in the provision of air transportation. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The firm operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama. Copa Airlines provides international air transportation for passengers, cargo and mail, operating from its Panama City hub in the Republic of Panama. Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. Copa Colombia provides domestic and international air transportation for passengers, cargo and mail with a point-to-point route network. Its subsidiary, Oval Financial Leasing, Ltd., controls the special purpose entities that have a beneficial interest in the majority of its fleet.

Industry: Air Transportation, Scheduled Peers: