Copa Holdings SA (CPA) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.38x

Copa Holdings SA (CPA) has a Cash Flow Reinvestment Rate of 0.38x as of December 2025, reinvesting $142.28 Million (capex $19.81 Million plus investments $-122.48 Million) from operating cash flow of $372.30 Million. Explore how much does Copa Holdings SA reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

0.38x
(Capex + Investments) / Operating CF

Total Reinvested

$142.28 Million
Capex + Investments

Operating Cash Flow

$372.30 Million
USD

Capital Expenditures

$19.81 Million
USD

Copa Holdings SA Cash Flow Reinvestment Rate (2001–2025)

Historical reinvestment intensity for Copa Holdings SA across 24 annual periods. Also explore balance sheet size of Copa Holdings SA for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for Copa Holdings SA (2001–2025)

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

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
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow