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. Check cash flow quality index of Copa Holdings SA to evaluate the quality of earnings relative to operating cash generation.

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. Explore CPA long-term investment intensity to see how much of total assets are deployed in long-term investments.

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) total market value.

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