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Saturday 7 November 2026
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Sky Harbour Group Corporation
SKYH Real Estate Real Estate Development
Sky Harbour Group Corporation’s revenue for fiscal 2025 (year ended December 2025) was $27.5 million, up 86.6% from fiscal 2024.
- Revenue
- +49.6%
- EPS
- −107.7%
- Free cash flow
- +90.9%
Quarter to June 2026, against a year earlier
10.26
0.26
+2.60%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 2 | 2 | 8 | 15 | 28 | 34 | +104.4% | 41 | 68 | 116 | +61.3% | |
| Gross margin, % | — | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | — | — | — | — | (3) | (14) | (14) | (25) | (54) | 7 | (11) | n/m | ||||||
| EBT margin, % | — | — | — | — | 0.00 | (862.48) | (741.36) | (335.85) | (363.68) | 26.58 | (33.14) | +26.6 pt | ||||||
| Net income | — | 0 | — | — | (3) | (14) | (14) | (25) | (54) | 7 | (11) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 0.11 | 0.13 | 0.46 | 0.57 | 0.81 | 0.99 | n/m | |||||
| Earnings | — | — | — | — | (0.70) | — | (0.23) | (0.98) | (1.76) | 0.56 | 0.03 | n/m | ||||||
| Cash flow | — | — | — | — | (0.16) | (0.44) | (1.97) | (0.47) | (0.35) | (0.07) | 0.01 | (15.9%) | ||||||
| Capex | — | — | — | — | 0.00 | (0.01) | (0.08) | (0.05) | (0.09) | (0.26) | (0.17) | n/m | ||||||
| Free cash flow | — | — | — | — | (0.16) | (0.45) | (2.04) | (0.52) | (0.44) | (0.33) | (0.16) | +15.3% | ||||||
| Book value | — | — | — | — | (4.95) | 1.13 | 7.04 | 8.04 | 6.21 | 5.08 | 4.76 | n/m | ||||||
| Shares, m | — | — | — | — | 4 | 15 | 14 | 16 | 26 | 34 | 34 | +50.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 169.50 | 0.00 | 0.00 | 0.00 | 16.02 | 342.00 | 37.1 | |||||
| P/S | — | — | — | — | — | 109.55 | 21.57 | 21.77 | 20.81 | 11.02 | 10.42 | 36.9 | ||||||
| P/B | — | — | — | — | — | 10.21 | 0.40 | 1.25 | 1.92 | 1.76 | 2.16 | 3.1 | ||||||
| EV/Sales | — | — | — | — | — | (19.68) | (76.50) | (0.98) | 12.19 | 9.26 | 4.32 | (15.1) | ||||||
| EV/FCF | — | — | — | — | — | 4.58 | 4.95 | 0.88 | (15.86) | (22.60) | (26.76) | (5.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (1) | (7) | (27) | (8) | (9) | (2) | 0 | +27.0% | |||||
| Capex | — | — | — | — | — | 0 | (1) | (1) | (2) | (9) | (6) | +172.6% | ||||||
| Free cash flow | — | — | — | — | (1) | (7) | (29) | (9) | (11) | (11) | (5) | +74.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 135 | (26) | (45) | (80) | (215) | (348) | (428) | n/m | |||||
| Net debt | — | — | — | — | (1) | (204) | (181) | (172) | (127) | (48) | (207) | +112.4% | ||||||
| Shareholders’ equity | — | — | — | — | (21) | 17 | 98 | 132 | 160 | 172 | 164 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (4.31) | (6.13) | (1.00) | (4.41) | (9.44) | 3.27 | 0.13 | +7.6 pt | |||||
| ROIC | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | (39.07) | (14.18) | 0.00 | (14.2) pt | ||||||
| ROE | — | — | — | — | (2.55) | 611.20 | (5.52) | (14.03) | (30.97) | 11.34 | 0.56 | +13.9 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 3 | 11 | 23 | 35 | 84 | 112 | — | +106.3% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.14 | 0.08 | 0.22 | 0.18 | 0.25 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Sky Harbour Group Corporation vs peers in Real Estate Development (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CCS Century Communities, Inc. | $1.6B | 14.7× | 10.3× | −11.81% (below 0%: shrinking) | −64.70% (below 0%: shrinking) | −669.34% (below 0%: shrinking) | 17.16% | 3.42% | Compare |
| FOR Forestar Group Inc | $1.3B | 8.6× | 9.1× | −13.38% (below 0%: shrinking) | −32.02% (below 0%: shrinking) | +118.00% (above 0%: growing) | 17.75% | 12.86% | Compare |
| SKYH Sky Harbour Group Corporation | $816.3M | 342× | — (loss-making) | +49.59% (above 0%: growing) | n/m | +90.92% (above 0%: growing) | 100.00% | (68.68%) | |
| SDHC Smith Douglas Homes Corp. | $524.6M | 18.0× | 43.6× | +0.18% (above 0%: growing) | −70.83% (below 0%: shrinking) | −263.00% (below 0%: shrinking) | 16.27% | 0.00% | Compare |
| FPH Five Point Holdings, LLC | $470.0M | 10.4× | 38.8× | +8.36% (above 0%: growing) | n/m | −146.39% (below 0%: shrinking) | 51.05% | (34.73%) | Compare |
| OZ Belpointe PREP, LLC | $132.2M | — (loss-making) | — (loss-making) | +165.62% (above 0%: growing) | n/m | +86.19% (above 0%: growing) | 19.96% | (140.87%) | Compare |
| AXR AMREP Corporation | $112.5M | 19.4× | 27.1× | −66.10% (below 0%: shrinking) | −94.32% (below 0%: shrinking) | −138.27% (below 0%: shrinking) | 37.10% | (2.69%) | Compare |
| LPA Logistic Properties of the Americas | $72.3M | 4.3× | 8.4× | +26.09% (above 0%: growing) | n/m | +225.63% (above 0%: growing) | 100.00% | 189.88% | Compare |
| AEI Alset Inc. | $19.5M | — (loss-making) | — (loss-making) | −10.05% (below 0%: shrinking) | n/m | −187.23% (below 0%: shrinking) | 8.49% | (181.43%) | Compare |
| Median of peers | $301.1M | 12.5× | 18.7× | −4.94% | −67.77% | −142.33% | 18.86% | (1.34%) |
Pay and ownership Proxy statement filed 30 April 2026
Ownership
Directors and executive officers, together
33.70% of the votes
Boston Omaha Corporation
20.60% of the votes
Tal Keinan
19.50% of the votes
Nick Wellmon
15.30% of the votes
Due West Partners LLC
12.60% of the votes
Center Sky Harbour LLC
12.60% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement