JetBlue Airways Corporation (JBLU) vs SkyWest, Inc. (SKYW)

JetBlue Airways Corporation and SkyWest, Inc. are both Airlines companies. SkyWest, Inc. is the larger, with a market value of $3.9B against $1.7B — 2.4× the size. JetBlue Airways Corporation has negative trailing earnings, so its P/E is not meaningful; SkyWest, Inc. trades at 10.0×. SkyWest, Inc. grew revenue faster over the last twelve months: 9.10% against 3.99%. SkyWest, Inc. has the higher net margin (9.78% vs −9.32%) and the higher return on invested capital (8.24% vs −4.40%). Across the 19 metrics below, SkyWest, Inc. leads on 14 and JetBlue Airways Corporation on 5.

Valuation

Metric JBLU SKYW Airlines median
P/E n/m 9.97 10.32
P/S 0.17 0.96 0.57
P/B 1.04 1.46 2.06
Price to free cash flow n/m 12.32 13.20
EV/EBITDA 55.48 9.74 9.68
EV/Sales 0.85 1.37 0.89
Earnings yield (54.32%) 10.03% 2.85%
Free cash flow yield (71.28%) 8.11% 3.17%

Profitability

Metric JBLU SKYW Airlines median
Gross margin 57.16% 70.05% 42.57%
Operating margin (5.95%) 14.03% 4.18%
Net margin (9.32%) 9.78% 1.85%
Free cash flow margin (12.41%) 7.81% 4.31%
Return on equity (44.36%) 15.34% 10.75%
Return on assets (5.33%) 5.62% 1.67%
Return on invested capital (4.40%) 8.24% 3.19%

Growth

Metric JBLU SKYW Airlines median
Revenue growth (TTM) 3.99% 9.10% 9.79%
EPS growth (last fiscal year) 27.83% 33.20% —
Revenue growth, 5-year CAGR 25.10% 13.79% 25.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric JBLU SKYW Airlines median
Debt to equity 5.34 0.83 0.81
Current ratio 0.70 0.57 0.60
Net debt to EBITDA 19.50 1.72 1.42

Dividend

Metric JBLU SKYW Airlines median
Dividend yield — 0.17% 0.82%
Payout ratio 0.00 0.00 0.00

Size

Metric JBLU SKYW Airlines median
Market cap 1.66b 3.91b 3.91b

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