Copa Holdings S.A (C2H) — Free Cash Flow Generation Index

Latest as of December 2025: 0.30x

Copa Holdings S.A (C2H) has a Free Cash Flow Generation Index of 0.30x as of December 2025. Free cash flow of €119.63 Million represents 0% of operating cash flow (€398.96 Million). Read C2H current and long-term liabilities for a breakdown of total debt and financial obligations.

FCF Generation Index

0.30x
Free Cash Flow / Operating CF

Free Cash Flow

€119.63 Million
EUR

Operating Cash Flow

€398.96 Million
EUR

Capital Expenditures

€279.33 Million
EUR

Copa Holdings S.A Free Cash Flow Generation Index (2013–2025)

Historical FCF Generation Index trend for Copa Holdings S.A across 13 annual periods. Explore C2H capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Copa Holdings S.A (2013–2025)

Year-by-year Free Cash Flow Generation Index for Copa Holdings S.A. For the full company profile including market capitalisation, see C2H company net worth.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.05x €52.36 Million €1.15 Billion €1.10 Billion ▼ -86.7%
2024 0.34x €340.51 Million €996.85 Million €656.34 Million ▲ +1.7%
2023 0.34x €328.97 Million €979.66 Million €829.87 Million ▼ -66.4%
2022 1.00x €740.95 Million €740.95 Million €650.69 Million ▲ +9.7%
2021 0.91x €462.61 Million €507.29 Million €483.73 Million ▲ +112.2%
2020 -7.49x €-39.52 Million €5.28 Million €44.06 Million ▼ -943.2%
2019 0.89x €697.02 Million €784.88 Million €137.82 Million ▲ +67.7%
2018 0.53x €287.58 Million €543.01 Million €335.73 Million ▼ -26.1%
2017 0.72x €598.71 Million €835.51 Million €301.26 Million ▼ -38.9%
2016 1.17x €697.41 Million €594.59 Million €102.82 Million ▼ -22.8%
2015 1.52x €481.71 Million €316.86 Million €164.85 Million ▼ -15.8%
2014 1.81x €695.28 Million €384.89 Million €310.39 Million ▲ +34.5%
2013 1.34x €1.12 Billion €830.26 Million €285.20 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).