Copa Holdings S.A (C2H) — Cash Flow Reinvestment Rate

Latest as of December 2025: 1.01x

Copa Holdings S.A (C2H) has a Cash Flow Reinvestment Rate of 1.01x as of December 2025, reinvesting €401.81 Million (capex €279.33 Million plus investments €-122.48 Million) from operating cash flow of €398.96 Million. Check C2H operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

1.01x
(Capex + Investments) / Operating CF

Total Reinvested

€401.81 Million
Capex + Investments

Operating Cash Flow

€398.96 Million
EUR

Capital Expenditures

€279.33 Million
EUR

Copa Holdings S.A Cash Flow Reinvestment Rate (2013–2025)

Historical reinvestment intensity for Copa Holdings S.A across 13 annual periods. Explore long-term investment intensity of Copa Holdings S.A to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Copa Holdings S.A (2013–2025)

Year-by-year capital reinvestment analysis for Copa Holdings S.A. For live market cap and broader valuation context, see Copa Holdings S.A (C2H) market capitalisation.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2025 1.27x €1.46 Billion €1.15 Billion €1.10 Billion ▲ +59.3%
2024 0.80x €796.28 Million €996.85 Million €656.34 Million ▼ -38.3%
2023 1.30x €1.27 Billion €979.66 Million €829.87 Million ▼ -20.5%
2022 1.63x €1.21 Billion €740.95 Million €650.69 Million ▲ +37.8%
2021 1.18x €599.68 Million €507.29 Million €483.73 Million ▼ -94.2%
2020 20.47x €108.01 Million €5.28 Million €44.06 Million ▲ +6096.2%
2019 0.33x €259.27 Million €784.88 Million €137.82 Million ▼ -55.1%
2018 0.74x €399.39 Million €543.01 Million €335.73 Million ▲ +4.4%
2017 0.70x €588.37 Million €835.51 Million €301.26 Million ▲ +48.1%
2016 0.48x €282.73 Million €594.59 Million €102.82 Million ▼ -30.6%
2015 0.68x €216.96 Million €316.86 Million €164.85 Million ▼ -41.6%
2014 1.17x €451.02 Million €384.89 Million €310.39 Million ▲ +44.8%
2013 0.81x €671.77 Million €830.26 Million €285.20 Million —
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow