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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Copa Holdings, S.A.

Ticker: CPA | Industry: Airlines, Airports & Air Services | Sector: Industrials
$137.22 +0.21 (0.15%)
As of: 2026-01-27

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Stock Price 107.08 94.80 99.59 74.30 80.04 55.86 96.72 94.72 122.90 74.69 68.44 124.67 138.38 86.09 59.87 54.44 42.11 32.27 49.02 31.60 25.01
Market Capitalization 4,413.90M 3,962.98M 4,009.27M 3,016.88M 3,409.69M 2,374.33M 4,108.73M 4,021.28M 5,213.36M 3,159.78M 3,005.64M 5,534.79M 6,141.72M 3,820.52M 2,652.27M 2,385.29M 1,838.15M 1,389.83M 2,099.99M 1,350.57M 1,070.04M
(-) Cash & Equivalents 216.60M 314.93M 241.86M 176.08M 237.97M 247.14M 205.61M 186.50M 250.48M 242.77M 183.73M 216.85M 316.75M 230.85M 231.99M 217.94M 282.25M 219.79M 235.89M 128.83M 49.15M
(+) Total Debt 2,054.72M 1,844.41M 1,732.91M 1,672.07M 1,627.96M 1,486.81M 1,528.90M 1,195.15M 1,175.95M 1,224.57M 1,224.37M 1,083.23M 1,115.69M 1,167.90M 1,046.42M 954.40M 905.38M 882.64M 769.38M 545.34M 225.17M
Enterprise Value 6,252.02M 5,492.46M 5,500.32M 4,512.88M 4,799.68M 3,614.00M 5,432.02M 5,029.92M 6,138.82M 4,141.59M 4,046.28M 6,401.17M 6,940.66M 4,757.58M 3,466.70M 3,121.75M 2,461.28M 2,052.67M 2,633.48M 1,767.08M 1,246.06M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31
Revenue 3,532M 3,485M 3,446M 3,457M 2,965M 1,510M 801M 2,707M 2,678M 2,522M 2,222M 2,250M 2,705M 2,608M 2,249M 1,831M 1,415M 1,256M 1,289M 1,027M 851M 609M 400M 342M 301M 290M
Cost of Revenue 2,384M 2,367M 2,348M 2,293M 2,165M 1,146M 876M 1,943M 1,996M 1,801M 1,660M 1,707M 1,903M 1,782M 1,595M 1,244M 949M 831M 884M 661M 541M 393M 222M 0M 0M 0M
Gross Profit 1,148M 1,118M 1,098M 1,164M 800M 364M -75M 764M 682M 720M 562M 544M 802M 827M 654M 587M 465M 425M 405M 366M 310M 216M 178M 342M 301M 290M
Gross Profit Margin 32.5% 32.1% 31.9% 33.7% 27.0% 24.1% -9.4% 28.2% 25.5% 28.6% 25.3% 24.2% 29.6% 31.7% 29.1% 32.0% 32.9% 33.9% 31.4% 35.6% 36.4% 35.5% 44.5% 100.0% 100.0% 100.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 341M 350M 345M 358M 350M 217M 142M 329M 334M 296M 286M 177M 193M 204M 174M 143M 104M 104M 122M 114M 96M 74M 49M 0M 0M 0M
Operating Expenses 341M 350M 345M 358M 350M 217M 142M 329M 334M 296M 286M 277M 281M 288M 251M 202M 176M 166M 181M 169M 141M 106M 344M 283M 270M 0M
Operating Income (EBIT) 807M 768M 753M 806M 450M 147M -218M 435M 348M 424M 276M 266M 521M 539M 403M 385M 290M 260M 224M 197M 169M 110M -166M 58M 31M 290M
Operating Income Margin 22.8% 22.0% 21.8% 23.3% 15.2% 9.7% -27.2% 16.1% 13.0% 16.8% 12.4% 11.8% 19.3% 20.6% 17.9% 21.0% 20.5% 20.7% 17.4% 19.2% 19.9% 18.1% -41.6% 17.1% 10.3% 100.0%
Interest Income 62M 57M 59M 50M 18M 11M 20M 24M 24M 18M 13M 26M 18M 13M 12M 7M 5M 9M 11M 12M 0M 0M 0M 0M 0M 0M
Interest Expense 92M 83M 84M 157M 86M 76M 73M 57M 51M 35M 37M 33M 30M 30M 33M 33M 30M 32M 40M 42M 27M 21M 0M 0M 0M 0M
Net Interest Income -30M -26M -26M -107M -68M -65M -53M -33M -27M -17M -24M -7M -11M -18M -21M -26M -25M -23M -29M -30M -27M -21M 0M 0M 0M 0M
Unusual Items -4M -9M -22M -88M 6M -27M -360M -109M -198M 7M 121M -451M -111M -33M -15M -13M -4M 40M -59M 12M 4M 3M 240M -6M -7M -274M
EBT Excluding Unusual Items 777M 742M 727M 699M 383M 81M -271M 402M 321M 407M 252M 259M 510M 521M 381M 359M 264M 236M 195M 167M 142M 90M -166M 58M 31M 290M
Pre-Tax Income 773M 732M 706M 611M 388M 54M -631M 293M 123M 413M 373M -192M 398M 489M 366M 346M 260M 276M 136M 179M 146M 93M 74M 52M 24M 17M
Pre-Tax Margin 21.9% 21.0% 20.5% 17.7% 13.1% 3.6% -78.7% 10.8% 4.6% 16.4% 16.8% -8.5% 14.7% 18.7% 16.3% 18.9% 18.4% 22.0% 10.6% 17.4% 17.2% 15.2% 18.6% 15.3% 7.9% 5.7%
Income Tax Expense 108M 98M 98M 97M 40M 10M -24M 46M 35M 49M 38M 33M 37M 61M 40M 36M 19M 27M 17M 17M 12M 10M 6M 4M 3M 2M
Net Income 665M 634M 608M 514M 348M 44M -607M 247M 88M 364M 335M -225M 362M 427M 326M 310M 241M 249M 119M 162M 134M 83M 69M 48M 21M 15M
Net Income Margin 18.8% 18.2% 17.6% 14.9% 11.7% 2.9% -75.8% 9.1% 3.3% 14.4% 15.1% -10.0% 13.4% 16.4% 14.5% 17.0% 17.0% 19.8% 9.2% 15.8% 15.7% 13.6% 17.1% 14.2% 6.9% 5.1%
Depreciation & Amortization 353M 325M 331M 307M 268M 240M 259M 282M 277M 167M 159M 135M 115M 116M 89M 75M 63M 51M 43M 35M 25M 20M 19M 14M 13M 13M
EBITDA 1,160M 1,094M 1,084M 1,113M 718M 386M 41M 718M 625M 591M 435M 401M 636M 655M 492M 460M 353M 310M 267M 232M 194M 130M -147M 72M 44M 304M
EBITDA Margin 32.8% 31.4% 31.4% 32.2% 24.2% 25.6% 5.2% 26.5% 23.3% 23.4% 19.6% 17.8% 23.5% 25.1% 21.9% 25.1% 24.9% 24.7% 20.7% 22.6% 22.8% 21.4% -36.7% 21.2% 14.7% 104.6%
NOPAT 694M 665M 649M 678M 404M 118M -172M 367M 250M 373M 248M 210M 473M 471M 359M 345M 269M 234M 195M 178M 155M 99M -153M 54M 27M 259M
NOPAT Margin 19.7% 19.1% 18.8% 19.6% 13.6% 7.8% -21.5% 13.5% 9.3% 14.8% 11.2% 9.3% 17.5% 18.1% 15.9% 18.9% 19.0% 18.6% 15.1% 17.3% 18.2% 16.3% -38.4% 15.9% 9.0% 89.1%
Owner's Earnings -344M 159M 282M -9M -35M -212M -408M 366M -1M 211M 344M -274M -28M 259M 43M 80M -45M 97M -54M -107M -35M 40M 22M 63M 34M 28M
Owner's Earnings Margin -9.7% 4.6% 8.2% -0.2% -1.2% -14.0% -51.0% 13.5% 0.0% 8.4% 15.5% -12.2% -1.0% 9.9% 1.9% 4.3% -3.2% 7.7% -4.2% -10.4% -4.1% 6.5% 5.5% 18.3% 11.3% 9.7%
EPS (Basic) 16.09 15.12 14.55 12.78 8.58 1.03 -14.28 5.84 2.09 8.55 7.63 -5.49 8.15 9.63 7.35 6.98 5.48 5.67 2.71 3.77 3.13 1.94 1.60 1.13 0.48 0.35
EPS (Diluted) 16.09 15.31 14.55 12.79 7.35 1.03 -14.28 5.84 2.09 8.58 7.90 -5.13 8.15 9.63 7.35 6.98 5.48 5.67 2.71 3.72 3.10 1.94 1.60 1.13 0.48 0.35
Shares (Basic) 41M 42M 42M 40M 44M 43M 43M 42M 42M 42M 42M 44M 44M 44M 44M 44M 44M 43M 44M 43M 43M 43M 43M 43M 43M 43M
Shares (Diluted) 41M 41M 42M 40M 47M 43M 43M 42M 42M 42M 42M 44M 44M 44M 44M 44M 44M 44M 44M 43M 43M 43M 43M 43M 43M 43M

Product Segments

Metric TTM TTM-1 2024-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Cargo and mail revenue 0.00M 0.00M 0.00M 0.00M 71.58M 21.00M 62.46M 62.48M
Cargo and mail revenue net 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 62.48M
Frequent Flyer Program Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 16.29M
Frequent flyer program marketing services revenue 0.00M 0.00M 47.84M 28.40M 0.00M 0.00M 0.00M 0.00M
Miles redeemed 0.00M 0.00M 0.00M 0.00M 24.30M 8.54M 31.43M 20.07M
Passenger revenue 0.00M 0.00M 0.00M 0.00M 1,412.39M 760.59M 2,612.61M 2,587.39M
Passenger revenue excluding miles redeemed 0.00M 0.00M 0.00M 0.00M 1,388.09M 752.05M 2,581.18M 2,567.32M

Geographic Segments

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
ARGENTINA 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 156.15M 266.30M 0.00M
BRAZIL 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 279.72M 319.50M 363.77M
COLOMBIA 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 201.89M 214.40M 197.82M
Carribean 0.00M 0.00M 51.09M 54.92M 54.77M 22.09M 20.82M 0.00M 0.00M 0.00M
Central America 0.00M 0.00M 747.87M 796.68M 819.53M 475.59M 246.73M 0.00M 0.00M 0.00M
North America 0.00M 0.00M 1,375.02M 1,328.50M 957.73M 428.46M 233.04M 857.00M 707.20M 609.95M
PANAMA 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 630.97M 432.60M 413.50M
South America 0.00M 0.00M 1,219.89M 1,233.36M 1,094.45M 557.83M 281.01M 0.00M 0.00M 0.00M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31
Cash & Cash Equivalents 248.82M 236.17M 613.31M 206.38M 122.42M 211.08M 119.07M 158.73M 153.35M 238.79M 331.69M 202.66M 271.23M 139.24M 166.27M 243.80M 207.69M 262.66M 220.81M 285.86M 169.88M 94.11M 95.72M 0.00M 0.00M 0.00M
Short-Term Investments 742.69M 764.14M 585.92M 708.81M 812.32M 806.34M 770.82M 692.40M 566.20M 705.11M 483.00M 416.01M 492.74M 930.40M 484.84M 262.35M 194.91M 89.41M 176.02M 22.50M 27.50M 20.38M 15.23M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 991.51M 1,000.31M 1,199.23M 915.18M 934.75M 1,017.42M 889.88M 851.14M 719.55M 943.90M 814.69M 618.67M 763.97M 1,069.64M 651.10M 506.15M 402.60M 352.07M 396.83M 308.36M 197.38M 114.49M 110.94M 0.00M 0.00M 0.00M
Net Receivables 228.70M 186.37M 187.68M 177.28M 148.14M 97.24M 71.09M 109.64M 96.36M 115.64M 107.41M 87.89M 126.75M 139.30M 136.34M 143.00M 89.39M 80.79M 75.20M 81.37M 62.14M 49.79M 27.71M 31.02M 0.00M 30.21M
Inventory 145.91M 141.19M 132.34M 116.60M 93.33M 74.78M 74.32M 69.10M 86.53M 81.83M 74.50M 62.25M 59.43M 56.81M 50.60M 42.38M 43.96M 23.33M 18.41M 14.09M 8.67M 4.07M 2.33M 0.00M 0.00M 0.00M
Other Current Assets 30.96M 26.03M 3.02M 14.19M 6.49M 44.01M 174.79M 188.96M 144.98M 11.70M 47.14M 88.06M 202.69M 516.40M 7.34M 4.05M 2.68M 2.59M 4.04M 6.35M 5.88M 2.94M 6.65M 72.50M 68.94M 38.83M
Total Current Assets 1,397.07M 1,353.89M 1,522.27M 1,223.26M 1,182.71M 1,233.45M 1,210.08M 1,218.83M 1,047.41M 1,153.07M 1,043.74M 856.86M 1,152.84M 1,782.16M 845.38M 695.58M 538.63M 458.78M 494.47M 410.16M 274.06M 171.29M 147.63M 103.52M 68.94M 69.04M
Property, Plant & Equipment 4,334.98M 4,064.55M 3,767.56M 3,519.78M 3,117.90M 2,679.03M 2,361.77M 2,823.25M 2,701.32M 2,825.90M 2,623.68M 2,650.65M 2,505.34M 2,348.51M 2,284.63M 2,000.19M 1,748.76M 1,481.69M 1,337.67M 1,166.26M 862.28M 637.54M 541.21M 480.49M 345.41M 227.72M
Goodwill 0.00M 0.00M 20.38M 20.38M 20.38M 20.38M 20.38M 20.38M 20.38M 20.38M 20.38M 20.38M 20.38M 25.31M 27.58M 25.10M 25.48M 23.85M 21.73M 24.20M 21.78M 20.51M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 101.54M 98.90M 76.37M 67.61M 58.18M 61.37M 75.19M 87.74M 80.79M 60.74M 49.12M 49.05M 36.92M 28.21M 59.38M 47.05M 37.35M 34.97M 31.87M 35.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 337.60M 368.33M 248.94M 258.93M 202.06M 199.67M 119.62M 134.35M 138.85M 65.95M 0.95M 423.47M 396.80M 99.77M 69.45M 104.83M 6.22M 6.41M 11.15M 17.04M 29.03M 26.18M 0.00M 0.00M 0.00M 0.00M
Tax Assets 18.50M 16.77M 20.74M 30.15M 30.74M 28.20M 35.60M 19.22M 16.04M 18.57M 18.34M 21.92M 17.24M 7.45M 3.66M 8.97M 2.51M 2.23M 1.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 11.36M 28.46M 31.41M 32.03M 25.28M 20.83M 21.47M 38.01M 66.87M 62.90M 64.25M 90.47M 91.80M 100.61M 121.29M 125.32M 40.87M 41.57M 27.86M 28.53M 51.27M 47.89M 4.80M 7.90M 7.58M 3.36M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 4,803.99M 4,577.01M 4,165.40M 3,928.87M 3,454.54M 3,009.47M 2,634.01M 3,122.93M 3,024.25M 3,054.44M 2,776.72M 3,255.94M 3,068.47M 2,609.87M 2,565.98M 2,311.46M 1,861.18M 1,590.72M 1,431.76M 1,271.52M 964.36M 732.12M 546.02M 488.39M 353.00M 231.08M
Total Assets 6,201.06M 5,930.90M 5,687.67M 5,152.14M 4,637.24M 4,242.92M 3,844.09M 4,341.77M 4,071.66M 4,207.51M 3,820.46M 4,112.80M 4,221.31M 4,392.03M 3,411.35M 3,007.04M 2,399.80M 2,049.49M 1,926.23M 1,681.68M 1,238.43M 903.41M 693.65M 591.92M 421.94M 300.12M
Accounts Payable 164.69M 188.17M 229.10M 182.30M 166.66M 112.60M 63.46M 119.33M 124.96M 129.96M 104.18M 218.97M 125.41M 95.05M 125.23M 114.92M 66.01M 50.88M 65.58M 68.29M 56.45M 52.60M 29.07M 0.00M 0.00M 0.00M
Short-Term Debt 269.35M 219.89M 254.85M 222.43M 142.48M 196.60M 127.95M 122.58M 311.97M 298.46M 222.72M 245.51M 187.65M 156.46M 136.27M 131.28M 100.86M 94.55M 115.83M 110.66M 91.45M 67.91M 30.57M 0.00M 0.00M 0.00M
Tax Payables 0.00M 71.74M 65.31M 26.74M 50.15M 36.43M 14.42M 61.29M 44.75M 85.14M 69.88M 60.24M 60.62M 113.52M 85.44M 70.55M 49.85M 43.23M 37.19M 36.64M 31.49M 27.45M 16.27M 0.00M 0.00M 0.00M
Deferred Revenue 151.16M 789.24M 681.34M 666.92M 707.10M 592.05M 486.74M 532.49M 502.02M 494.37M 405.28M 370.99M 408.01M 578.44M 382.81M 297.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 751.06M 1.68M 59.49M 61.93M 41.92M 28.99M 10.07M 50.10M 42.51M -61.28M 45.07M -82.95M 147.50M 40.68M 39.70M 12.39M 219.67M 191.79M 242.84M 157.16M 159.57M 118.70M 67.10M 0.00M 0.00M 0.00M
Total Current Liabilities 1,336.25M 1,270.72M 1,290.09M 1,160.32M 1,108.32M 966.67M 702.63M 885.80M 1,026.21M 946.65M 847.12M 812.77M 929.19M 984.15M 769.44M 626.27M 436.39M 380.46M 461.44M 372.76M 338.96M 266.65M 143.01M 0.00M 0.00M 0.00M
Long-Term Debt 1,631.82M 1,497.59M 1,415.95M 1,240.26M 1,301.82M 1,229.03M 1,035.95M 938.18M 975.28M 876.12M 961.41M 1,055.18M 928.96M 913.51M 1,069.84M 936.66M 888.68M 750.97M 800.20M 732.21M 529.80M 402.95M 380.83M 311.99M 211.70M 111.13M
Capital Lease Obligations 0.00M 333.84M 329.70M 283.66M 238.37M 178.65M 230.51M 304.56M 273.23M 397.01M 461.70M 437.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 75.82M 60.61M 37.48M 36.37M 16.57M 18.78M 22.19M 43.40M 48.94M 50.63M 39.67M 46.55M 31.34M 38.74M 38.33M 30.19M 21.66M 13.41M 8.75M 6.75M 4.56M 4.04M 1.59M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 233.23M 236.09M 217.63M 234.47M 471.77M 482.82M 476.22M 191.22M 161.57M -168.71M -413.01M 87.20M 94.04M 60.54M 43.73M 50.50M 39.44M 13.91M 8.69M 11.67M 9.41M 8.79M 1.31M -311.99M -211.70M -111.13M
Total Non-Current Liabilities 1,940.87M 2,128.13M 2,000.75M 1,794.76M 2,028.53M 1,909.29M 1,764.87M 1,477.37M 1,459.03M 1,155.04M 1,049.78M 1,626.53M 1,054.35M 1,012.79M 1,151.89M 1,017.35M 949.78M 778.29M 817.64M 750.63M 543.77M 415.78M 383.73M 0.00M 0.00M 0.00M
Total Liabilities 3,277.12M 3,398.86M 3,290.85M 2,955.08M 3,136.85M 2,875.96M 2,467.51M 2,363.17M 2,485.23M 2,101.69M 1,896.90M 2,439.30M 1,983.53M 1,996.94M 1,921.33M 1,643.62M 1,386.17M 1,158.74M 1,279.08M 1,123.38M 882.73M 682.43M 526.74M 0.00M 0.00M 0.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 30.76M 30.75M 30.71M 30.67M 28.79M 28.76M 28.67M 28.61M 28.55M 28.50M 28.45M 28.39M 28.33M 30.09M 30.06M 29.96M 29.76M 0.00M 0.00M 29.31M 29.22M 29.22M 29.22M 0.00M 0.00M 0.00M
Retained Earnings 2,734.41M 2,627.47M 2,435.09M 2,095.84M 1,715.84M 1,367.87M 1,324.02M 1,965.18M 1,872.70M 2,150.32M 1,892.39M 2,049.13M 2,021.21M 1,821.24M 1,458.26M 1,325.68M 982.70M 817.65M 594.00M 491.60M 343.39M 217.86M 144.93M 0.00M 0.00M 0.00M
Accumulated OCI -15.75M -15.75M -15.75M -9.33M -11.45M -18.67M -24.08M -8.63M -4.23M -3.89M -1.87M 3.60M -9.02M 3.37M 7.57M 1.61M 0.94M -0.27M -4.54M 2.67M -4.28M -1.22M -87.04M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 2,749.41M 2,642.47M 2,450.05M 2,117.18M 1,733.19M 1,377.95M 1,328.61M 1,985.16M 1,897.03M 2,174.94M 1,918.97M 2,081.12M 2,040.52M 1,854.71M 1,495.88M 1,357.25M 1,013.40M 817.38M 589.47M 523.57M 368.33M 245.87M 87.12M 0.00M 0.00M 0.00M
Total Equity 2,749.41M 2,642.47M 2,450.05M 2,117.18M 1,733.19M 1,377.95M 1,328.61M 1,985.16M 1,897.03M 2,174.94M 1,918.97M 2,081.12M 2,040.52M 1,854.71M 1,495.88M 1,357.25M 1,013.40M 817.38M 589.47M 523.57M 368.33M 245.87M 87.12M 0.00M 0.00M 0.00M
Total Liabilities & Equity 6,026.53M 6,041.33M 5,740.90M 5,072.26M 4,870.03M 4,253.91M 3,796.11M 4,348.33M 4,382.26M 4,276.63M 3,815.88M 4,520.42M 4,024.05M 3,851.65M 3,417.21M 3,000.87M 2,399.56M 1,976.13M 1,868.55M 1,646.95M 1,251.06M 928.30M 613.86M 0.00M 0.00M 0.00M
Tangible Assets 6,099.52M 5,832.01M 5,590.92M 5,064.15M 4,558.69M 4,161.17M 3,748.52M 4,233.65M 3,970.50M 4,126.39M 3,750.96M 4,043.38M 4,164.02M 4,338.51M 3,324.40M 2,934.89M 2,336.98M 1,990.67M 1,872.63M 1,621.99M 1,216.65M 882.90M 693.65M 591.92M 421.94M 300.12M
Tangible Equity 2,647.87M 2,543.58M 2,353.30M 2,029.19M 1,654.63M 1,296.20M 1,233.04M 1,877.04M 1,795.86M 2,093.82M 1,849.47M 2,011.69M 1,983.22M 1,801.19M 1,408.93M 1,285.10M 950.57M 758.56M 535.87M 463.89M 346.55M 225.36M 87.12M 0.00M 0.00M 0.00M
Tangible Book Value 2,647.87M 2,543.58M 2,353.30M 2,029.19M 1,654.63M 1,296.20M 1,233.04M 1,877.04M 1,795.86M 2,093.82M 1,849.47M 2,011.69M 1,983.22M 1,801.19M 1,408.93M 1,285.10M 950.57M 758.56M 535.87M 463.89M 346.55M 225.36M 87.12M 0.00M 0.00M 0.00M
Total Investments 1,080.29M 1,132.47M 834.86M 967.74M 1,014.38M 1,006.01M 890.43M 826.75M 705.05M 771.06M 483.96M 481.09M 941.96M 1,030.17M 644.45M 367.18M 201.14M 95.82M 187.16M 39.54M 56.53M 46.56M 15.23M 0.00M 0.00M 0.00M
Net Debt 1,652.35M 1,481.31M 1,057.49M 1,256.32M 1,321.88M 1,214.55M 1,044.84M 902.03M 1,133.90M 935.79M 852.45M 1,098.04M 845.38M 930.73M 1,039.84M 824.13M 781.85M 582.87M 695.22M 557.01M 451.38M 376.75M 315.68M 311.99M 211.70M 111.13M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31
Working Capital 77.7M 49.2M 221.6M -10.5M 42.3M 185.7M 406.0M 226.7M 20.4M 140.1M 147.0M -69.4M 33.3M 301.6M 128.8M 96.7M 107.6M 55.6M 20.4M 10.7M -48.9M -69.2M 13.0M 103.5M 68.9M 69.0M
Total Capital 4,841.9M 4,611.4M 4,373.7M 3,868.5M 3,174.8M 2,903.7M 2,678.0M 3,294.9M 3,127.9M 3,286.1M 3,031.7M 3,302.9M 3,192.2M 2,971.7M 2,742.6M 2,458.7M 2,027.3M 1,711.1M 1,548.5M 1,374.5M 992.9M 716.7M 585.6M 427.6M 278.8M 157.6M
Capital Employed 4,881.6M 4,626.2M 4,387.0M 3,918.4M 3,496.8M 3,195.2M 3,040.0M 3,349.7M 3,044.7M 3,194.5M 2,923.7M 3,186.6M 3,101.8M 2,911.4M 2,694.8M 2,408.2M 1,968.7M 1,646.3M 1,452.1M 1,282.3M 915.4M 662.9M 559.0M 591.9M 421.9M 300.1M
Invested Capital 4,593.1M 4,375.3M 3,760.3M 3,662.1M 3,052.4M 2,692.6M 2,558.9M 3,136.2M 2,974.6M 3,047.3M 2,700.0M 3,100.2M 2,921.0M 2,832.5M 2,576.4M 2,214.9M 1,819.6M 1,448.5M 1,327.7M 1,088.6M 823.0M 622.6M 489.8M 427.6M 278.8M 157.6M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31
Net Income 488.44M 634.13M 608.11M 514.10M 348.05M 43.84M -607.06M 247.00M 88.10M 370.02M 334.54M -224.97M 361.67M 427.47M 326.48M 310.43M 241.06M 240.36M 118.66M 161.82M 133.84M 83.00M 68.57M 48.49M 20.67M 14.82M
Depreciation & Amortization 266.55M 79.82M 330.71M 306.11M 267.70M 239.95M 259.34M 282.08M 169.44M 164.35M 159.19M 134.89M 115.15M 137.41M 90.19M 75.46M 62.96M 47.08M 42.89M 35.33M 24.87M 19.86M 19.28M 0.00M 13.38M 13.33M
Deferred Income Tax 10.51M 0.00M 97.67M 97.01M 40.18M 10.85M -23.72M 46.44M 34.53M 48.00M 38.27M 32.76M 36.64M 61.10M 39.87M -25.83M -21.93M 3.82M 4.65M 2.35M -0.33M -0.89M -0.52M 0.00M 0.00M 0.00M
Stock-Based Compensation 5.48M 4.36M 5.48M 4.36M 5.16M 7.10M 5.26M 6.15M 7.15M 7.42M 7.54M 4.03M 4.69M 5.97M 7.01M 7.66M 4.03M 5.28M 5.59M 4.81M 3.34M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -22.56M -17.66M 41.52M -24.95M 74.28M 103.82M -29.22M 102.39M -59.39M 152.82M 160.05M -43.76M -228.62M 223.55M 103.44M 89.62M -10.95M 35.91M -30.43M 22.91M 15.42M 1.78M 3.58M 0.00M 0.00M 0.00M
Accounts Receivable -15.46M -27.56M -15.46M -27.56M -51.65M -36.05M 70.34M -16.98M -3.06M -3.35M -9.82M 17.15M 11.05M -2.09M -0.16M -53.96M -6.14M -3.76M -7.64M -13.55M -16.98M -11.70M 2.29M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 81.70M -43.61M 110.43M -85.24M 120.10M 69.70M -34.28M -209.88M 243.97M 88.41M 120.68M -5.34M -13.03M 25.74M 21.07M 21.97M 28.04M 2.88M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 46.78M 19.37M 40.04M 54.26M -66.83M -3.57M 11.40M 25.14M 19.46M -33.71M 22.63M -19.19M 10.31M 35.02M 11.38M 3.78M -0.39M 9.28M 3.67M -0.31M 1.11M 0.00M 0.00M 0.00M
Other Working Capital -7.10M 9.90M 10.19M -16.76M 85.89M 85.60M 10.89M 12.51M 17.50M 10.93M 80.71M 7.08M -52.43M 0.86M 4.89M -12.12M -10.84M 48.92M -48.14M 6.12M 6.76M -14.24M -2.70M 0.00M 0.00M 0.00M
Other Non-Cash Items 340.50M 238.95M -86.65M 148.16M 23.18M 101.74M 400.67M 98.92M 101.71M -15.28M -113.01M 426.98M 94.04M -25.24M -28.96M 40.96M 17.63M -50.01M 56.74M -5.28M 16.32M 16.84M 6.87M 24.99M 21.50M 4.85M
Net Cash from Operating Activities 1,088.93M 939.59M 996.85M 1,044.79M 758.54M 507.29M 5.28M 782.98M 341.53M 727.33M 586.59M 329.93M 383.56M 830.27M 538.03M 498.29M 292.80M 282.44M 198.11M 221.94M 193.47M 119.09M 98.63M 73.48M 55.54M 33.00M
Capital Expenditures (PPE) -744.20M -800.18M -626.16M -800.18M -650.69M -495.33M -60.48M -163.29M -365.91M -319.94M -150.30M -184.27M -504.36M -285.20M -372.44M -306.33M -348.73M -202.67M -215.91M -304.01M -193.33M -63.30M -65.76M 0.00M 0.00M 0.00M
Acquisitions (Net) 16.00M 0.00M 0.00M 0.00M 112.81M 11.59M 16.42M 51.36M 30.18M 172.64M 49.34M -210.95M 184.54M 191.03M 194.89M 0.00M 0.00M 0.00M 0.00M 2.35M 3.13M -22.28M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 51.69M 0.00M -569.79M -644.91M -763.84M -1,117.21M -904.57M -711.05M -711.84M -854.12M -553.04M -383.01M -464.38M -989.67M -399.73M -319.65M -340.27M -217.91M -240.41M -18.00M -55.89M -48.29M -11.39M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 709.73M 698.58M 749.58M 1,001.27M 840.63M 589.60M 775.50M 567.01M 485.94M 435.11M 605.02M 603.11M 117.57M 153.72M 234.77M 268.31M 132.59M 17.50M 22.91M 2.80M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -363.36M 208.77M 143.08M 203.51M 0.00M 140.55M 14.25M -1.70M 169.03M -143.75M -3.86M 97.52M 26.33M -88.66M -194.89M 4.01M 8.80M 0.81M 0.95M -32.60M -35.79M -32.50M -13.11M -151.80M -150.20M -39.47M
Net Cash from Investing Activities -1,039.88M -591.40M -343.14M -543.00M -552.15M -459.14M -93.76M -235.07M -103.04M -578.16M -171.91M -245.60M -152.85M -569.41M -654.61M -468.25M -445.43M -151.45M -322.78M -334.76M -258.98M -163.57M -90.27M -151.80M -150.20M -39.47M
Net Debt Issuance 112.82M 0.00M 136.80M -73.95M -106.06M 129.05M 127.60M -434.90M -282.59M -206.73M -162.57M -91.91M -127.23M -137.02M 138.14M 78.19M 143.38M -71.59M 75.73M 241.86M 149.81M 48.99M 39.76M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 136.80M -153.94M -106.06M 129.05M 127.60M -434.90M -282.59M -206.73M -162.57M -91.91M -127.23M -137.02M 138.14M 78.19M 143.38M -71.59M 75.73M 241.86M 149.81M 49.00M 39.76M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 112.82M 0.00M 0.00M 80.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.01M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -96.01M -105.93M -87.31M -105.93M -167.64M -40.51M 0.00M 0.00M 0.00M 0.00M 0.00M -117.96M -18.43M 0.00M 0.00M 0.00M 0.05M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.59M 0.06M 0.00M 0.00M 0.00M 0.00M 0.00M 0.05M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -96.01M -105.93M -87.31M -105.93M -167.64M -40.51M 0.00M 0.00M 0.00M 0.00M 0.00M -117.96M -18.43M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -468.58M -134.15M -269.14M -134.15M 0.00M 0.00M -33.99M -110.44M -147.60M -106.79M -86.12M -147.59M -170.77M -64.70M -192.61M -72.41M -47.91M -16.26M -16.21M -13.56M -8.31M -10.07M -10.00M 0.00M 0.00M 0.00M
Common Dividends Paid -468.58M -134.15M -269.14M -134.15M 0.00M 0.00M -33.99M -110.44M -147.60M -106.79M -86.12M -147.59M -170.77M -64.70M -192.61M -72.41M -47.91M -16.26M -16.21M -13.56M -8.31M -10.07M -10.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 403.42M -45.93M 0.00M -80.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.59M 0.06M 0.00M 0.00M 4.13M 0.18M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 105.30M 100.40M 14.47M
Net Cash from Financing Activities -48.36M -286.01M -219.65M -394.03M -273.69M 88.54M 93.61M -545.33M -323.94M -204.76M -248.63M -91.65M -142.42M -197.58M -54.30M 5.78M 95.52M -87.85M 59.52M 228.30M 141.50M 38.92M 29.76M 105.30M 100.40M 14.47M
Effect of FX on Cash -27.12M -23.81M -27.12M -23.81M -21.36M -44.67M -44.79M -44.11M -45.86M -37.31M -39.08M -11.47M -7.29M -0.26M 3.17M 0.30M 2.15M -1.29M 0.11M 0.50M -0.21M 0.00M 0.00M 78.32M 94.66M 6.48M
Net Change in Cash -26.42M 38.37M 406.94M 83.95M -88.66M 92.02M -39.67M 2.57M -85.44M -92.90M 126.97M -18.78M 82.33M 63.02M -167.71M 36.11M -54.97M 41.85M -65.05M 115.98M 75.77M -5.56M 38.12M 105.30M 100.40M 14.47M
Cash at Beginning of Period 1,289.55M 814.41M 206.38M 122.42M 211.08M 119.07M 158.73M 156.16M 238.79M 331.69M 204.72M 221.44M 139.11M 76.09M 243.80M 207.69M 262.66M 220.81M 285.86M 169.88M 94.11M 99.67M 57.60M 0.00M 0.00M 0.00M
Cash at End of Period 1,263.13M 852.78M 613.31M 206.38M 122.42M 211.08M 119.07M 158.73M 153.35M 238.79M 331.69M 202.66M 221.44M 139.11M 76.09M 243.80M 207.69M 262.66M 220.81M 285.86M 169.88M 94.11M 95.72M 105.30M 100.40M 14.47M
Operating Cash Flow 1,088.93M 939.59M 996.85M 1,044.79M 740.95M 462.61M -39.52M 782.98M 341.53M 727.33M 586.59M 329.93M 383.56M 830.27M 538.03M 498.29M 292.80M 282.44M 198.11M 221.94M 193.47M 119.09M 98.63M 73.48M 55.54M 33.00M
Capital Expenditure -1,361.88M -800.18M -656.34M -829.87M -650.69M -495.33M -60.48M -163.29M -365.91M -319.94M -150.30M -184.27M -504.36M -285.20M -372.44M -306.33M -348.73M -202.67M -215.91M -304.01M -193.33M -63.30M -65.76M 0.00M 0.00M 0.00M
Free Cash Flow -272.94M 139.42M 340.51M 214.91M 90.26M -32.71M -100.00M 619.69M -24.38M 407.39M 436.29M 145.66M -120.79M 545.06M 165.59M 191.96M -55.93M 79.77M -17.81M -82.07M 0.14M 55.79M 32.87M 73.48M 55.54M 33.00M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31
EBITDA 1,159.77M 1,093.52M 1,083.66M 1,113.34M 718.09M 386.46M 41.50M 717.58M 624.75M 591.35M 435.41M 501.83M 724.14M 739.56M 568.85M 518.68M 424.14M 372.57M 325.40M 287.24M 238.85M 161.63M 148.48M 355.83M 314.01M 303.70M
(-) Tax Adjustment 161.89M 146.69M 149.97M 176.73M 74.31M 74.59M 1.56M 113.56M 175.78M 70.54M 44.70M 0.00M 66.61M 92.49M 61.90M 53.34M 30.94M 36.31M 41.76M 27.46M 20.08M 16.74M 11.45M 24.87M 39.79M 33.25M
(-) Change In Working Capital -22.56M -17.66M 41.52M -24.95M 74.28M 103.82M -29.22M 102.39M -59.39M 152.82M 160.05M -43.76M -228.62M 223.55M 103.44M 89.62M -10.95M 35.91M -30.43M 22.91M 15.42M 1.78M 3.58M 0.00M 0.00M 0.00M
(-) Capital Expenditure -1,361.88M -800.18M -656.34M -829.87M -650.69M -495.33M -60.48M -163.29M -365.91M -319.94M -150.30M -184.27M -504.36M -285.20M -372.44M -306.33M -348.73M -202.67M -215.91M -304.01M -193.33M -63.30M -65.76M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow -341.44M 164.31M 235.84M 131.69M -81.19M -287.27M 8.67M 338.34M 142.45M 48.05M 80.37M 361.32M 381.80M 138.32M 31.06M 69.39M 55.43M 97.68M 98.16M -67.15M 10.02M 79.81M 67.67M 330.96M 274.22M 270.44M
(-) Net Interest Income After Taxes -26.07M -22.74M -22.04M -89.93M -60.71M -52.77M -51.09M -27.80M -19.55M -15.22M -21.56M -7.21M -10.42M -15.35M -18.81M -23.24M -23.38M -20.81M -25.30M -26.74M -25.13M -18.41M 0.00M 0.00M 0.00M 0.00M
Net Debt Issuance 112.82M 0.00M 136.80M -73.95M -106.06M 129.05M 127.60M -434.90M -282.59M -206.73M -162.57M -91.91M -127.23M -137.02M 138.14M 78.19M 143.38M -71.59M 75.73M 241.86M 149.81M 48.99M 39.76M 0.00M 0.00M 0.00M
Levered Free Cash Flow -202.56M 187.05M 394.68M 147.68M -126.54M -105.45M 187.36M -68.76M -120.59M -143.45M -60.64M 276.62M 265.00M 16.65M 188.01M 170.82M 222.18M 46.90M 199.18M 201.45M 184.96M 147.21M 107.43M 330.96M 274.22M 270.44M