Copa Holdings S.A (C2H) — Capital Reinvestment Ratio
Copa Holdings S.A (C2H) has a Capital Reinvestment Ratio of 0.70x as of December 2025, meaning it reinvests 1% of its operating cash flow (€398.96 Million) in capital expenditures (€279.33 Million). Check C2H intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Copa Holdings S.A Capital Reinvestment Ratio (2013–2025)
This chart tracks Copa Holdings S.A's Capital Reinvestment Ratio across 13 annual periods. For the full cash flow conversion analysis, see C2H operating cash flow.
Annual Capital Reinvestment Ratio for Copa Holdings S.A (2013–2025)
Year-by-year Capital Reinvestment Ratio for Copa Holdings S.A from 2013 to 2025. See Copa Holdings S.A free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.95x | €1.15 Billion | €1.10 Billion | ▲ +45.0% |
| 2024 | 0.66x | €996.85 Million | €656.34 Million | ▼ -22.3% |
| 2023 | 0.85x | €979.66 Million | €829.87 Million | ▼ -3.5% |
| 2022 | 0.88x | €740.95 Million | €650.69 Million | ▼ -7.9% |
| 2021 | 0.95x | €507.29 Million | €483.73 Million | ▼ -88.6% |
| 2020 | 8.35x | €5.28 Million | €44.06 Million | ▲ +4655.4% |
| 2019 | 0.18x | €784.88 Million | €137.82 Million | ▼ -71.6% |
| 2018 | 0.62x | €543.01 Million | €335.73 Million | ▲ +71.5% |
| 2017 | 0.36x | €835.51 Million | €301.26 Million | ▲ +108.5% |
| 2016 | 0.17x | €594.59 Million | €102.82 Million | ▼ -66.8% |
| 2015 | 0.52x | €316.86 Million | €164.85 Million | ▼ -35.5% |
| 2014 | 0.81x | €384.89 Million | €310.39 Million | ▲ +134.8% |
| 2013 | 0.34x | €830.26 Million | €285.20 Million | — |