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SkyWest, Inc.

SKYW Industrials Airlines

SkyWest, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 15.0% from fiscal 2024. In the quarter to June 2026, revenue grew 6.52%, EPS fell 14.4%, free cash flow grew 122.5% and total debt fell 8.02%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

91.47 1.79 −1.92%
Market cap
$3.6B
P/E
8.9×
Fwd P/E
7.8×
Dividend yield
—
F-score
6/9
Altman Z
1.83
Beneish M
−2.48
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 16.35
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 — 2 — — — — 3 1 — —
Insider Ownership 3.43%

Capital & Financial Ratios $m

Market Cap 3,620.00
Revenue 4,190.45
Net Income 428.33
Free Cash Flow 327.23
Net Debt 1,695.48
Current Ratio 0.57 (below 1: weak)
Debt/Equity 0.83
P/E ratio 8.92
Fwd P/E 7.75
P/S ratio 0.86
P/B ratio 1.31
Past 5Y EPS Growth —
This Y EPS Growth 2.13%
Next Y EPS Growth 14.61%
Next Y revenue growth 7.71%
Next 5Y EPS Growth 9.16%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 1.5×; over the ten years it ranged from 0.7× in 2016 to 2.6× in 2021.
P/E against its own 10 years 29.81%
10-year low 10-year high
P/S against its own 10 years 49.35%
10-year low 10-year high
P/B against its own 10 years 50.87%
10-year low 10-year high
EV/Sales against its own 10 years 24.25%
10-year low 10-year high
EV/FCF against its own 10 years 36.78%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 0.14
0.14
2019 0.48
0.12
0.12
0.12
0.12
2018 0.40
0.10
0.10
0.10
0.10
2017 0.32
0.08
0.08
0.08
0.08
2016 0.19
0.04
0.05
0.05
0.05
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 835 802 707 601
Receivables 83 123 160 189
Inventory 127 139 169 194
Other 87 54 56 41
1,132 1,117 1,091 1,024
2023 2024 2025 Q'26
Payables 470 527 634 753
ST’ Debt 444 536 547 654
Other 100 97 204 118
1,254 1,430 1,668 1,800

Compound Annual Growth %

10y 5y 3y
Sales 2.74% 13.79% 10.54%
Cash Flow 8.46% 8.22% 25.09%
Earnings 13.78% 0.00% 80.40%
Book Value 6.19% 5.12% 5.37%

Revenue $m

Mar Jun Sep Dec Year
’26 1,013 1,103 — — —
’25 948 1,035 1,050 1,024 4,058
’24 804 867 913 944 3,528
’23 692 726 766 752 2,935
’22 735 799 789 681 3,005
’21 535 657 745 777 2,713
’20 730 350 457 590 2,127
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 144 292 — — —
’25 171 257 281 232 940
’24 158 165 184 186 692
’23 150 183 179 224 736
’22 21 195 128 137 480
’21 232 267 188 145 832
’20 269 223 56 85 634
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 36 148 — — —
’25 93 66 160 (17) 303
’24 122 147 94 6 369
’23 49 154 94 139 436
’22 (119) (7) (93) 34 (185)
’21 173 198 (11) (202) 158
’20 194 129 47 (181) 189
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 2.50 2.54 — — —
’25 2.42 2.91 2.81 2.21 10.35
’24 1.45 1.82 2.16 2.34 7.77
’23 (0.45) 0.35 0.55 0.42 0.77
’22 0.35 1.07 0.96 (0.93) 1.44
’21 0.71 1.22 0.19 0.09 2.20
’20 0.59 (0.51) 0.66 (0.93) (0.17)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 13.23 30.40 42.38 42.72 10.58 36.35 14.76 16.15 48.28 74.70

Analyst estimates 2026–2028

Powerpack
High 39.60 54.85 65.80 66.04 66.52 61.16 42.97 53.76 117.51 135.57
People
People Employees 16,900 16,300 15,900 13,700 12,502 15,205 13,582 13,121 14,610 15,775
Revenue/emp, $m 0.18 0.19 0.20 0.22 0.17 0.18 0.22 0.22 0.24 0.26
Income, $m
Income, $m Revenue 3,064 3,123 3,222 2,972 2,127 2,713 3,005 2,935 3,528 4,058
Gross margin, % 66.55 68.01 70.87 72.27 60.51 59.72 70.07 71.66 74.89 70.78
EBT (249) 288 366 446 (7) 151 93 40 432 566
EBT margin, % (8.12) 9.23 11.37 15.02 (0.34) 5.55 3.08 1.37 12.25 13.94
Net income (162) 429 280 340 (9) 112 73 34 323 428
Depreciation 285 293 335 368 475 440 395 383 384 364
Per share, $
Per share, $ Revenue 59.48 60.28 62.06 58.35 42.38 53.89 59.45 66.81 87.62 100.66
Earnings (3.14) 8.28 5.40 6.68 (0.17) 2.22 1.44 0.78 8.02 10.62
Cash flow 9.84 13.21 15.46 14.16 12.62 16.52 9.50 16.76 17.20 23.33
Capex (22.35) (13.19) (21.93) (13.52) (8.86) (13.39) (13.17) (6.84) (8.03) (15.82)
Free cash flow (12.51) 0.01 (6.48) 0.63 3.76 3.13 (3.66) 9.92 9.17 7.51
Book value 26.23 33.86 37.84 42.70 42.62 45.04 46.44 48.10 59.83 68.13
Shares, m 52 52 52 51 50 50 51 44 40 40
Valuation, ×
Valuation, × P/E 0.00 6.39 8.22 9.69 0.00 17.70 11.33 58.08 12.47 9.45
P/S 0.61 0.88 0.72 1.11 0.95 0.73 0.28 0.77 1.14 1.00
P/B 1.39 1.57 1.18 1.51 0.95 0.87 0.35 1.07 1.67 1.47
EV/Sales 1.26 1.52 1.48 1.94 2.07 1.56 1.05 1.51 1.67 1.41
EV/FCF (6.00) 6,398.03 (14.22) 178.44 23.30 26.84 (17.08) 10.19 15.98 18.95
Cash, $m
Cash, $m Operating cash flow 507 684 803 721 634 832 480 736 692 940
Capex (1,151) (683) (1,139) (689) (445) (674) (666) (300) (323) (638)
Free cash flow (644) 1 (336) 32 189 158 (185) 436 369 303
Balance, $m
Balance, $m Working capital 171 174 96 (164) 41 (126) 199 (122) (313) (576)
Total debt 2,546 2,687 3,160 2,993 3,204 3,109 3,380 3,006 2,672 2,392
Net debt 1,981 2,002 2,471 2,473 2,378 2,249 2,333 2,171 1,871 1,685
Shareholders’ equity 1,351 1,754 1,964 2,175 2,140 2,268 2,348 2,114 2,409 2,746
Returns, %
Returns, % ROA (3.30) 8.18 4.76 5.24 (0.13) 1.60 1.00 0.48 4.56 5.90
ROIC (3.24) 6.46 6.68 6.89 1.51 3.82 2.42 1.52 7.22 8.71
ROE (11.31) 27.62 15.08 16.43 (0.39) 5.08 3.16 1.54 14.28 16.62
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

SkyWest, Inc. vs peers in Airlines (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
LTM LATAM Airlines Group S.A. $13.9B 8.7× 8.8× +27.15% (above 0%: growing) −45.68% (below 0%: shrinking) −20.71% (below 0%: shrinking) 16.27% 5.29% Compare
AAL American Airlines Group Inc. $8.1B — (loss-making) — (loss-making) +16.28% (above 0%: growing) −87.91% (below 0%: shrinking) −175.65% (below 0%: shrinking) 20.73% 2.67% Compare
CPA Copa Holdings, S.A. $5.5B 8.7× 8.2× +25.72% (above 0%: growing) −53.74% (below 0%: shrinking) +207.63% (above 0%: growing) 50.85% 8.65% Compare
ALK Alaska Air Group, Inc. $4.1B — (loss-making) — (loss-making) +9.75% (above 0%: growing) n/m −14.61% (below 0%: shrinking) 100.00% (4.13%) Compare
SKYW SkyWest, Inc. $3.6B 8.9× 7.8× +6.52% (above 0%: growing) −14.43% (below 0%: shrinking) +122.47% (above 0%: growing) 69.52% 14.13%
AERO Grupo Aeromexico SAB DE CV - Sponsored ADR $2.2B 8.4× 9.1× +6.26% (above 0%: growing) n/m +81.61% (above 0%: growing) 66.60% 4.53% Compare
ALGT Allegiant Travel Company $1.9B 47.2× 32.8× +36.86% (above 0%: growing) n/m −610.56% (below 0%: shrinking) 24.77% 2.24% Compare
JBLU JetBlue Airways Corporation $1.2B — (loss-making) — (loss-making) +14.47% (above 0%: growing) n/m −4.95% (below 0%: shrinking) 51.32% (5.23%) Compare
ULCC Frontier Group Holdings, Inc. $1.2B — (loss-making) — (loss-making) +37.67% (above 0%: growing) n/m +183.13% (above 0%: growing) 24.71% (7.58%) Compare
Median of peers $3.2B 8.7× 9.0× +21.00% −53.74% −9.78% 37.81% 2.46%

All 19 Airlines stocks →

SkyWest, Inc. (SKYW) key facts

  • Strength: SkyWest, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 15.0% from fiscal 2024.
  • Strength: Net income was $428.3 million, or $10.62 per share (basic), a net margin of 10.6%.
  • SkyWest, Inc. (SKYW) is an Airlines company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, SKYW traded at $91.47, a market capitalization of $3.6 billion.
  • At that price the stock trades at 8.9× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 30% of its own readings over the past ten years.
  • Return on equity was 16.6% and debt-to-equity 0.83.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.83 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

SkyWest, Inc. (SKYW) Latest News

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stockrow.com/SKYW · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com