Is the business good?
How good a business is CPA?
Copa Holdings, S.A. earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
15%
Return on invested capital · cost of capital 9.0% · 5.8 points above what the capital costs: growth creates value
- Operating margin
- 23%
Operating margin · Airlines median 6.3% · fiscal year to FY2025
- Share count, year on year
- −1.3%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −58% |
| FY2021 | 10% |
| FY2022 | 15% |
| FY2023 | 23% |
| FY2024 | 22% |
| FY2025 | 23% |
Details›
- Operating marginfiscal year to FY2025
- 23%
- Net marginfiscal year to FY2025
- 19%
- Revenue, trailing twelve months
- $3.62B
- Net income, trailing twelve months
- $672M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.