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. See Copa Holdings S.A free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.

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. For the full cash flow conversion analysis, see C2H cash flow conversion.

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

Year-by-year capital reinvestment analysis for Copa Holdings S.A. See Copa Holdings S.A (C2H) flexibility index to measure the company's free cash flow as a share of total liabilities.

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