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Copa Airlines Valuation Multiples
Discover revenue and EBITDA valuation multiples for Copa Airlines and similar public comparables like Alaska Air, Eva Airways, Korean Air, Air Canada and more.
Copa Airlines Overview
About Copa Airlines
Copa Holdings SA is a provider of airline passenger and cargo services through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama, and domestic and international air transportation for passengers, cargo, and mail with a point-to-point route network through Copa Colombia, a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and the Caribbean. It derives the maximum revenue from North America.
Founded
1998
HQ
Employees
7.9K
Website
Sectors
Financials (LTM)
EV
$6B
Copa Airlines Financials
Copa Airlines reported last 12-month revenue of $4B and EBITDA of $1B.
In the same LTM period, Copa Airlines generated $1B in gross profit, $1B in EBITDA, and $647M in net income.
Revenue (LTM)
Copa Airlines P&L
In the most recent fiscal year, Copa Airlines reported revenue of $4B and EBITDA of $1B.
Copa Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 34% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $647M | XXX | $672M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Copa Airlines Stock Performance
Copa Airlines has current market cap of $5B, and enterprise value of $6B.
Market Cap Evolution
Copa Airlines' stock price is $125.58.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $5B | 0.0% | XXX | XXX | XXX | $16.33 |
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Start Free TrialCopa Airlines Valuation Multiples
Copa Airlines trades at 1.6x EV/Revenue multiple, and 5.3x EV/EBITDA.
EV / Revenue (LTM)
Copa Airlines Financial Valuation Multiples
As of April 20, 2026, Copa Airlines has market cap of $5B and EV of $6B.
Equity research analysts estimate Copa Airlines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Copa Airlines has a P/E ratio of 8.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 5.3x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBIT | 7.8x | XXX | 7.5x | XXX | XXX | XXX |
| EV/Gross Profit | 5.0x | XXX | 4.8x | XXX | XXX | XXX |
| P/E | 8.0x | XXX | 7.7x | XXX | XXX | XXX |
| EV/FCF | (44.8x) | XXX | 117.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Copa Airlines Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Copa Airlines Margins & Growth Rates
Copa Airlines' revenue in the last 12 month grew by 12%.
Copa Airlines' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Copa Airlines' rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Copa Airlines' rule of X is 64% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Copa Airlines Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (9%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 13% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Copa Airlines Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Copa Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Alaska Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Eva Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Korean Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Air Canada | XXX | XXX | XXX | XXX | XXX | XXX |
| VietJet Air | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Copa Airlines M&A Activity
Copa Airlines acquired XXX companies to date.
Last acquisition by Copa Airlines was on XXXXXXXX, XXXXX. Copa Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Copa Airlines
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCopa Airlines Investment Activity
Copa Airlines invested in XXX companies to date.
Copa Airlines made its latest investment on XXXXXXXX, XXXXX. Copa Airlines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Copa Airlines
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Copa Airlines
| When was Copa Airlines founded? | Copa Airlines was founded in 1998. |
| Where is Copa Airlines headquartered? | Copa Airlines is headquartered in United States. |
| How many employees does Copa Airlines have? | As of today, Copa Airlines has over 7K employees. |
| Who is the CEO of Copa Airlines? | Copa Airlines' CEO is Pedro Heilbron. |
| Is Copa Airlines publicly listed? | Yes, Copa Airlines is a public company listed on NYSE. |
| What is the stock symbol of Copa Airlines? | Copa Airlines trades under CPA ticker. |
| When did Copa Airlines go public? | Copa Airlines went public in 2005. |
| Who are competitors of Copa Airlines? | Copa Airlines main competitors are Alaska Air, Eva Airways, Korean Air, Air Canada. |
| What is the current market cap of Copa Airlines? | Copa Airlines' current market cap is $5B. |
| What is the current revenue of Copa Airlines? | Copa Airlines' last 12 months revenue is $4B. |
| What is the current revenue growth of Copa Airlines? | Copa Airlines revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Copa Airlines? | Current revenue multiple of Copa Airlines is 1.6x. |
| Is Copa Airlines profitable? | Yes, Copa Airlines is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Copa Airlines? | Copa Airlines' last 12 months EBITDA is $1B. |
| What is Copa Airlines' EBITDA margin? | Copa Airlines' last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of Copa Airlines? | Current EBITDA multiple of Copa Airlines is 5.3x. |
| What is the current FCF of Copa Airlines? | Copa Airlines' last 12 months FCF is ($137M). |
| What is Copa Airlines' FCF margin? | Copa Airlines' last 12 months FCF margin is (4%). |
| What is the current EV/FCF multiple of Copa Airlines? | Current FCF multiple of Copa Airlines is (44.8x). |
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