Copa Holdings SA (CPA) — Cash Flow Reinvestment Rate
Copa Holdings SA (CPA) has a Cash Flow Reinvestment Rate of 1.30x as of March 2026, reinvesting $468.57 Million (capex $414.07 Million plus investments $54.50 Million) from operating cash flow of $359.71 Million. See CPA cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Copa Holdings SA Cash Flow Reinvestment Rate (2001–2025)
Historical reinvestment intensity for Copa Holdings SA across 24 annual periods. For the full cash flow conversion analysis, see how efficiently does Copa Holdings SA generate cash.
Annual Cash Flow Reinvestment Rate for Copa Holdings SA (2001–2025)
Year-by-year capital reinvestment analysis for Copa Holdings SA. See CPA financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.05x | $1.18 Billion | $1.12 Billion | $815.73 Million | ▲ +4.8% |
| 2024 | 1.00x | $999.48 Million | $996.85 Million | $656.34 Million | ▼ -17.4% |
| 2023 | 1.21x | $1.27 Billion | $1.04 Billion | $829.87 Million | ▼ -22.2% |
| 2022 | 1.56x | $1.18 Billion | $758.54 Million | $632.23 Million | ▼ -7.6% |
| 2021 | 1.69x | $856.77 Million | $507.29 Million | $483.73 Million | ▲ +271.3% |
| 2019 | 0.45x | $356.16 Million | $782.98 Million | $163.29 Million | ▼ -69.9% |
| 2018 | 1.51x | $515.51 Million | $341.53 Million | $365.91 Million | ▲ +22.2% |
| 2017 | 1.23x | $898.10 Million | $727.33 Million | $319.94 Million | ▲ +119.4% |
| 2016 | 0.56x | $330.21 Million | $586.59 Million | $150.30 Million | ▼ -21.4% |
| 2015 | 0.72x | $236.38 Million | $329.93 Million | $184.27 Million | ▼ -57.4% |
| 2014 | 1.68x | $644.99 Million | $383.56 Million | $504.36 Million | ▲ +107.8% |
| 2013 | 0.81x | $671.77 Million | $830.26 Million | $285.20 Million | ▲ +16.9% |
| 2012 | 0.69x | $372.44 Million | $538.03 Million | $372.44 Million | ▲ +12.6% |
| 2011 | 0.61x | $306.33 Million | $498.29 Million | $306.33 Million | ▼ -48.4% |
| 2010 | 1.19x | $348.73 Million | $292.80 Million | $348.73 Million | ▲ +66.0% |
| 2009 | 0.72x | $202.67 Million | $282.44 Million | $202.67 Million | ▼ -34.2% |
| 2008 | 1.09x | $215.91 Million | $198.10 Million | $215.91 Million | ▼ -20.4% |
| 2007 | 1.37x | $304.01 Million | $221.94 Million | $304.01 Million | ▲ +37.1% |
| 2006 | 1.00x | $193.33 Million | $193.47 Million | $193.33 Million | ▲ +88.0% |
| 2005 | 0.53x | $63.30 Million | $119.09 Million | $63.30 Million | ▼ -20.3% |
| 2004 | 0.67x | $65.76 Million | $98.63 Million | $65.76 Million | ▼ -68.1% |
| 2003 | 2.09x | $153.41 Million | $73.48 Million | $153.41 Million | ▼ -21.8% |
| 2002 | 2.67x | $148.22 Million | $55.54 Million | $148.22 Million | — |
| 2001 | 0.00x | $0.00 | $33.00 Million | $0.00 | — |