Copa Holdings SA (CPA) — Capital Reinvestment Ratio
Copa Holdings SA (CPA) has a Capital Reinvestment Ratio of 1.15x as of March 2026, meaning it reinvests 1% of its operating cash flow ($359.71 Million) in capital expenditures ($414.07 Million). Check CPA tangible net assets 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 SA Capital Reinvestment Ratio (2002–2025)
This chart tracks Copa Holdings SA's Capital Reinvestment Ratio across 23 annual periods. For the full cash flow conversion analysis, see Copa Holdings SA cash flow conversion.
Annual Capital Reinvestment Ratio for Copa Holdings SA (2002–2025)
Year-by-year Capital Reinvestment Ratio for Copa Holdings SA from 2002 to 2025. See CPA FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.73x | $1.12 Billion | $815.73 Million | ▲ +10.2% |
| 2024 | 0.66x | $996.85 Million | $656.34 Million | ▼ -17.1% |
| 2023 | 0.79x | $1.04 Billion | $829.87 Million | ▼ -4.7% |
| 2022 | 0.83x | $758.54 Million | $632.23 Million | ▼ -12.6% |
| 2021 | 0.95x | $507.29 Million | $483.73 Million | ▲ +357.2% |
| 2019 | 0.21x | $782.98 Million | $163.29 Million | ▼ -80.5% |
| 2018 | 1.07x | $341.53 Million | $365.91 Million | ▲ +143.6% |
| 2017 | 0.44x | $727.33 Million | $319.94 Million | ▲ +71.7% |
| 2016 | 0.26x | $586.59 Million | $150.30 Million | ▼ -54.1% |
| 2015 | 0.56x | $329.93 Million | $184.27 Million | ▼ -57.5% |
| 2014 | 1.31x | $383.56 Million | $504.36 Million | ▲ +282.8% |
| 2013 | 0.34x | $830.26 Million | $285.20 Million | ▼ -50.4% |
| 2012 | 0.69x | $538.03 Million | $372.44 Million | ▲ +12.6% |
| 2011 | 0.61x | $498.29 Million | $306.33 Million | ▼ -48.4% |
| 2010 | 1.19x | $292.80 Million | $348.73 Million | ▲ +66.0% |
| 2009 | 0.72x | $282.44 Million | $202.67 Million | ▼ -34.2% |
| 2008 | 1.09x | $198.10 Million | $215.91 Million | ▼ -20.4% |
| 2007 | 1.37x | $221.94 Million | $304.01 Million | ▲ +37.1% |
| 2006 | 1.00x | $193.47 Million | $193.33 Million | ▲ +88.0% |
| 2005 | 0.53x | $119.09 Million | $63.30 Million | ▼ -20.3% |
| 2004 | 0.67x | $98.63 Million | $65.76 Million | ▼ -68.1% |
| 2003 | 2.09x | $73.48 Million | $153.41 Million | ▼ -21.8% |
| 2002 | 2.67x | $55.54 Million | $148.22 Million | — |