Sky Harbour increases size of recent registered direct common stock placement. Updates investor conference calendar. Files construction reports. Capital raise secures funding for operations while construction filings indicate project progress.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | 2 | — | — | 2 | 1 |
| Sell | — | — | — | — | — | — | 1 | — | — | — | 1 | — |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 172.35 | 127.16 | 48.48 | 206.89 |
| Receivables | — | 8.62 | 14.15 | 16.75 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 178.35 | 135.79 | 62.63 | 223.64 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 16.74 | 27.66 | 37.36 | 43.62 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 257.91 | 350.61 | 410.94 | 651.67 |
| 10y | 5y | 3y | |
| Sales | — | — | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 8.73 | 9.86 | — | — |
—
|
| ’25 | 5.59 | 6.59 | 7.30 | 8.06 |
27.54
|
| ’24 | 2.40 | 3.62 | 4.10 | 4.64 |
14.76
|
| ’23 | 1.11 | 1.73 | 2.50 | 2.24 |
7.58
|
| ’22 | 0.40 | 0.41 | 0.43 | 0.61 |
1.85
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (3.92) | 0.49 | — | — |
—
|
| ’25 | (5.05) | (0.94) | (0.91) | 4.56 |
(2.34)
|
| ’24 | (4.43) | (1.04) | (1.16) | (2.46) |
(9.09)
|
| ’23 | (4.55) | (1.18) | (0.53) | (1.47) |
(7.73)
|
| ’22 | (10.16) | (14.14) | (0.98) | (2.21) |
(27.49)
|
| ’21 | (1.27) | (1.17) | (2.28) | (1.89) |
(6.61)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (5.54) | (0.32) | — | — |
—
|
| ’25 | (8.17) | (3.49) | (2.38) | 2.76 |
(11.28)
|
| ’24 | (4.76) | (1.40) | (1.79) | (3.39) |
(11.35)
|
| ’23 | (4.73) | (1.21) | (0.92) | (1.64) |
(8.50)
|
| ’22 | (10.17) | (14.62) | (1.14) | (2.61) |
(28.54)
|
| ’21 | (1.28) | (1.31) | (2.29) | (1.90) |
(6.78)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.16) | (0.04) | — | — |
—
|
| ’25 | (0.19) | 0.18 | (0.06) | 0.08 |
0.09
|
| ’24 | (0.78) | 0.06 | (0.74) | (0.47) |
(1.76)
|
| ’23 | (0.41) | (0.06) | (0.01) | (0.61) |
(0.98)
|
| ’22 | (1.44) | (0.09) | (0.04) | 0.04 |
(0.23)
|
| ’21 | 0.26 | 0.09 | (0.19) | 0.01 |
(0.91)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | ‡‡‡‡ | ‡‡‡‡ | 2.50 | 2.66 | 8.26 | 8.22 | — | — | — |
Low Price
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 43.41 | 11.90 | 14.52 | 14.20 | — | — | — |
High Price
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡ | 23 | 35 | 84 | 112 | — | — | — |
Employees
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 0.08 | 0.22 | 0.18 | 0.25 | — | — | — |
Revenue/Emp
|
| — | — | — | — | — | ‡‡‡‡‡ | 1.85 | 7.58 | 14.76 | 27.54 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | — | — | — | — | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.68) | (25.44) | (53.68) | 7.32 | — | — | — |
EBT
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | (741.36%) | (335.85%) | (363.68%) | 26.58% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| — | ‡‡‡ | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.68) | (25.44) | (53.68) | 7.32 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | — | — | — | ‡‡‡‡‡ | 0.70 | 2.28 | 2.71 | 6.73 | — | — | — |
Depreciation
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 0.13 | 0.46 | 0.57 | 0.81 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.23) | (0.98) | (1.76) | 0.56 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.97) | (0.47) | (0.35) | (0.07) | — | — | — |
Cash Flow/Sh
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | (0.08) | (0.05) | (0.09) | (0.26) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.04) | (0.52) | (0.44) | (0.33) | — | — | — |
Free CF/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.04 | 8.04 | 6.21 | 5.08 | — | — | — |
Book Value/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.97 | 16.46 | 25.74 | 33.83 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | — | — | — | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 16.02 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| — | — | — | — | — | ‡‡‡‡‡ | 21.57 | 21.77 | 20.81 | 11.02 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | — | — | — | ‡‡‡‡‡ | 0.40 | 1.25 | 1.92 | 1.76 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | — | — | — | ‡‡‡‡‡ | 40.43 | 29.38 | 27.77 | 17.61 | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | — | — | — | — | ‡‡‡‡‡ | (2.61) | (26.17) | (36.13) | (42.98) | — | — | — |
EV/FCF
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (27.49) | (7.73) | (9.09) | (2.34) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | — | — | — | ‡‡‡‡‡ | (1.05) | (0.77) | (2.25) | (8.95) | ‡‡‡‡‡ | — | — |
Capex
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (28.54) | (8.50) | (11.35) | (11.28) | — | — | — |
FCF
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (44.54) | (79.56) | (214.82) | (348.31) | — | — | — |
Working Cap'
|
| — | — | — | — | — | ‡‡‡‡‡ | 215.74 | — | — | — | — | — | — |
Total Debt
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 34.80 | (172.34) | (127.16) | (48.48) | — | — | — |
Net Debt
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 98.38 | 132.25 | 159.82 | 171.97 | — | — | — |
Sh' Equity
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.00%) | (4.41%) | (9.44%) | 3.27% | — | — | — |
ROA
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | (8.85%) | 0.00% | (39.07%) | (14.18%) | — | — | — |
ROIC
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.52%) | (14.03%) | (30.97%) | 11.34% | — | — | — |
ROE
|
Sky Harbour Group Corporation (SKYH) is riding the post-pandemic private jet boom with explosive revenue growth, surging from near-zero in 2020 to $14.76 million in 2024 at a staggering 150%+ CAGR, driven by premium hangar leasing at key U.S. airports. Projections forecast continued hockey-stick expansion to $87.67 million by 2027, fueled by new developments and 100% gross margins in this asset-light model once built. Employee headcount has ballooned 2,700% to support scaling, correlating with revenue per employee metrics that peaked amid rapid hangar activations.
Yet, this ascent masks deepening cracks: losses have widened dramatically to -$53.68 million in 2024, with EPS tanking to -$1.76, fueled by capex exploding 12x to -$128.9 million and free cash flow per share at -$0.44. Share dilution has surged 72% to fund the frenzy, working capital flipped negative, ROIC cratered to -39%, and insiders dumped $6.1 million in shares amid zero buys. Despite analyst targets implying 25-183% upside from recent lows, this contrarian analysis warns of a capital sinkhole in a cyclical sector prone to recessions and volatility—read on to uncover if the growth narrative survives the fundamentals dissection.
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