SkyWest, Inc.(SKYW)Earnings, Financials & Key Ratios

SKYW•NASDAQ

$87.82

$3.53B mkt cap·8.5× P/E·Price updated May 6, 2026

SectorIndustrials IndustryAirlines & Airports Sub-IndustryCommercial passenger airlines

AboutSkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.Show more

Revenue$4.06B+15.0%
EBITDA$982M+11.8%
Net Income$428M+32.6%
EPS (Diluted)10.35+33.2%
Gross Margin61.58%+175.3%
EBITDA Margin24.21%-2.8%
Operating Margin15.22%+8.6%
Net Margin10.55%+15.3%
ROE16.62%+16.3%
ROIC9.19%+23.9%
Debt/Equity0.87-24.0%
Interest Coverage6.42+34.2%

Technical→

SKYW Key Insights

SkyWest, Inc. (SKYW) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.8%
✓Trading at only 1.3x book value

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SKYW Price & Volume

SkyWest, Inc. (SKYW) stock price & volume — 10-year historical chart

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SKYW Growth Metrics

SkyWest, Inc. (SKYW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.74%

5 Years13.79%

3 Years10.54%

TTM12.26%

Profit CAGR

10 Years13.78%

5 Years-

3 Years80.4%

TTM18.24%

EPS CAGR

10 Years16.38%

5 Years-

3 Years92.99%

TTM19.34%

Return on Capital

10 Years5.35%

5 Years5.7%

3 Years7.03%

Last Year10.81%

SKYW Recent Earnings

SkyWest, Inc. (SKYW) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)

Q2 2026Latest

Apr 23, 2026

EPS

$2.21

Est $2.15

+2.8%

Revenue

$1.0B

Est $992M

+2.1%

Q1 2026

Jan 29, 2026

EPS

$2.21

Est $2.25

-1.8%

Revenue

$1.0B

Est $992M

+3.3%

Q4 2025

Oct 30, 2025

EPS

$2.81

Est $2.56

+9.8%

Revenue

$1.1B

Est $1.0B

+4.5%

Q3 2025

Jul 24, 2025

EPS

$2.91

Est $2.34

+24.4%

Revenue

$1.0B

Est $1.0B

+0.8%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 23, 2026	$2.21vs $2.15+2.8%	$1.0Bvs $992M+2.1%
Q1 2026	Jan 29, 2026	$2.21vs $2.25-1.8%	$1.0Bvs $992M+3.3%
Q4 2025	Oct 30, 2025	$2.81vs $2.56+9.8%	$1.1Bvs $1.0B+4.5%
Q3 2025	Jul 24, 2025	$2.91vs $2.34+24.4%	$1.0Bvs $1.0B+0.8%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
MESAMesa Air Group, Inc.Direct Competitor	879.48M	21.00	-0.04	-19.93%	-43.64%	-5.29%	1.58%
ULCCFrontier Group Holdings, Inc.Direct Competitor	1.1B	4.78	-7.97	-1.35%	-9.62%	-88.57%		11.13
ALKAlaska Air Group, Inc.Product Competitor	4.64B	40.51	46.56	21.34%	0.7%	2.43%		1.67
SNCYSun Country Airlines Holdings, Inc.Product Competitor	897.49M	16.56	17.25	4.74%	3.55%	6.44%	9.36%	0.95
UALUnited Airlines Holdings, Inc.Supply Chain	32.48B	100.03	9.79	3.52%	6.06%	24.91%	7.87%	2.03
DALDelta Air Lines, Inc.Supply Chain	47.89B	73.32	9.57	2.79%	7.9%	24.12%	8.02%	1.02
AALAmerican Airlines Group Inc.Supply Chain	8.54B	12.94	76.12	0.78%	0.36%
BAThe Boeing CompanySupply Chain	181.25B	229.93	92.71	34.49%	2.46%	289.7%		9.97

Compare SKYW vs Peers

SkyWest, Inc. (SKYW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MESA

Most directly comparable listed peer for SKYW.

Scale Benchmark

vs GE

Larger-name benchmark to compare SKYW against a more recognizable public peer.

Peer Set

Compare Top 5

vs MESA, ULCC, ALK, SNCY

SKYW Income Statement

SkyWest, Inc. (SKYW) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	3.12B	3.22B	2.97B	2.13B	2.71B	3B	2.94B	3.53B	4.06B	4.12B
Revenue Growth %	0.04%	3.17%	-7.75%	-28.43%	27.57%	10.74%	-2.31%	20.18%	15.03%	12.26%
Cost of Goods Sold	2.48B	2.47B	2.19B	2.14B	2.52B	2.51B	2.56B	2.74B	1.56B	2.39B
COGS % of Revenue	79.54%	76.81%	73.83%	100.65%	92.86%	83.38%	87.32%	77.64%	38.42%	-
Gross Profit	638.98M▲ 0%	747.11M▲ 16.9%	777.86M▲ 4.1%	-13.89M▼ 101.8%	193.72M▲ 1494.5%	499.31M▲ 157.7%	372.19M▼ 25.5%	788.96M▲ 112.0%	2.5B▲ 216.7%	1.73B▲ 0%
Gross Margin %	20.46%	23.19%	26.17%	-0.65%	7.14%	16.62%	12.68%	22.36%	61.58%	41.93%
Gross Profit Growth %	6.85%	16.92%	4.12%	-101.79%	1494.49%	157.74%	-25.46%	111.98%	216.73%	-
Operating Expenses	250.78M	272.83M	265.6M	-122.69M	-82.14M	318.14M	268.12M	294.31M	1.88B	1.55B
OpEx % of Revenue	8.03%	8.47%	8.94%	-5.77%	-3.03%	10.59%	9.13%	8.34%	46.35%	-
Selling, General & Admin	250.78M	272.83M	0	0	0	0	0	0	0	77.71M
SG&A % of Revenue	8.03%	8.47%	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	400K	0	265.6M	-122.69M	-82.14M	318.14M	268.12M	294.31M	1.88B	3M
Operating Income	388.2M▲ 0%	474.28M▲ 22.2%	512.26M▲ 8.0%	108.8M▼ 78.8%	275.87M▲ 153.5%	181.16M▼ 34.3%	104.07M▼ 42.6%	494.66M▲ 375.3%	617.85M▲ 24.9%	602.15M▲ 0%
Operating Margin %	12.43%	14.72%	17.24%	5.12%	10.17%	6.03%	3.55%	14.02%	15.22%	14.61%
Operating Income Growth %	324.8%	22.17%	8.01%	-78.76%	153.55%	-34.33%	-42.55%	375.32%	24.9%	-
EBITDA	680.97M	808.87M	880.36M	583.76M	716.07M	575.71M	487.18M	878.54M	982.34M	967.42M
EBITDA Margin %	21.81%	25.11%	29.62%	27.44%	26.39%	19.16%	16.6%	24.9%	24.21%	23.46%
EBITDA Growth %	506.46%	18.78%	8.84%	-33.69%	22.66%	-19.6%	-15.38%	80.33%	11.82%	6.08%
D&A (Non-Cash Add-back)	292.77M	334.59M	368.1M	474.96M	440.2M	394.55M	383.12M	383.88M	364.5M	365.27M
EBIT	388.2M	474.28M	574.06M	115.85M	273.73M	219.67M	171.24M	546.48M	670.04M	522.2M
Net Interest Income	-100.42M	-111.59M	-113.62M	-117.29M	-122.01M	-109.48M	-87M	-66.38M	-61.12M	-44.09M
Interest Income	4.51M	8.82M	14.13M	5.88M	1.11M	17.61M	43.93M	47.96M	43.33M	41.84M
Interest Expense	104.92M	120.41M	127.75M	123.17M	123.12M	127.08M	130.93M	114.34M	104.44M	52.86M
Other Income/Expense	-100.02M	-107.97M	-65.95M	-116.13M	-125.26M	-88.58M	-63.76M	-62.51M	-52.26M	-49.51M
Pretax Income	288.18M▲ 0%	366.31M▲ 27.1%	446.31M▲ 21.8%	-7.33M▼ 101.6%	150.61M▲ 2155.5%	92.58M▼ 38.5%	40.31M▼ 56.5%	432.14M▲ 972.1%	565.59M▲ 30.9%	552.64M▲ 0%
Pretax Margin %	9.23%	11.37%	15.02%	-0.34%	5.55%	3.08%	1.37%	12.25%	13.94%	13.4%
Income Tax	-140.72M	85.94M	106.21M	1.19M	38.7M	19.63M	5.97M	109.18M	137.26M	123.17M
Effective Tax Rate %	-48.83%	23.46%	23.8%	-16.21%	25.7%	21.2%	14.8%	25.27%	24.27%	22.29%
Net Income	428.91M▲ 0%	280.37M▼ 34.6%	340.1M▲ 21.3%	-8.52M▼ 102.5%	111.91M▲ 1414.3%	72.95M▼ 34.8%	34.34M▼ 52.9%	322.96M▲ 840.4%	428.33M▲ 32.6%	429.48M▲ 0%
Net Margin %	13.74%	8.7%	11.44%	-0.4%	4.12%	2.43%	1.17%	9.15%	10.55%	10.42%
Net Income Growth %	365.44%	-34.63%	21.3%	-102.5%	1414.27%	-34.81%	-52.93%	840.43%	32.63%	18.24%
Net Income (Continuing)	428.91M	280.37M	340.1M	-8.52M	111.91M	72.95M	34.34M	322.96M	428.33M	429.48M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	8.08▲ 0%	5.30▼ 34.4%	6.62▲ 24.9%	-0.17▼ 102.6%	2.21▲ 1400.0%	1.44▼ 34.8%	0.77▼ 46.5%	7.77▲ 909.1%	10.35▲ 33.2%	10.56▲ 0%
EPS Growth %	357.32%	-34.41%	24.91%	-102.57%	1400%	-34.84%	-46.53%	909.09%	33.2%	19.34%
EPS (Basic)	8.28	5.40	6.68	-0.17	2.22	1.44	0.78	8.02	10.62	-
Diluted Shares Outstanding	53.1M	52.87M	51.38M	50.2M	50.75M	50.64M	44.6M	41.55M	41.4M	40.67M
Basic Shares Outstanding	51.8M	51.91M	50.93M	50.2M	50.35M	50.55M	43.94M	40.26M	40.31M	40M
Dividend Payout Ratio	3.5%	7.04%	6.9%	-	-	-	-	-	-	-

SKYW Balance Sheet

SkyWest, Inc. (SKYW) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	995.13M	1.02B	760.35M	982.8M	1.07B	1.37B	1.13B	1.12B	1.09B	1.01B
Cash & Short-Term Investments	685.29M	689.33M	520.17M	825.91M	860.41M	1.05B	835.22M	801.63M	706.91M	627.25M
Cash Only	181.79M	328.38M	87.21M	215.72M	258.42M	102.98M	148.28M	227.36M	0	0
Short-Term Investments	503.5M	360.94M	432.97M	610.18M	601.99M	944.23M	686.95M	574.27M	706.91M	627.25M
Accounts Receivable	48.05M	90.13M	94.12M	38.38M	65.35M	110.42M	84.05M	123.88M	0	0
Days Sales Outstanding	5.62	10.21	11.56	6.59	8.79	13.41	10.45	12.82	-	6.6
Inventory	119.75M	127.69M	110.5M	91.2M	104.09M	123.21M	127.11M	139M	0	0
Days Inventory Outstanding	17.6	18.83	18.38	15.55	15.08	17.95	18.1	18.52	-	11.46
Other Current Assets	26.94M	26.61M	35.55M	27.32M	38.74M	90.43M	85.5M	53.66M	384.29M	385.39M
Total Non-Current Assets	4.48B	5.29B	5.9B	6.23B	6.06B	6.49B	5.89B	6.02B	6.3B	6.33B
Property, Plant & Equipment	4.18B	5.01B	5.73B	5.64B	5.74B	5.7B	5.57B	5.68B	5.74B	5.79B
Fixed Asset Turnover	0.75x	0.64x	0.52x	0.38x	0.47x	0.53x	0.53x	0.62x	0.71x	0.72x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	25.5M	0	36.6M	0	0	0	0
Other Non-Current Assets	296.26M	286.67M	166.09M	234.91M	320.24M	306.26M	324.7M	347.66M	552.09M	1.81B
Total Assets	5.47B▲ 0%	6.31B▲ 15.3%	6.66B▲ 5.4%	7.21B▲ 8.3%	7.13B▼ 1.2%	7.86B▲ 10.3%	7.03B▼ 10.6%	7.14B▲ 1.6%	7.39B▲ 3.5%	7.35B▲ 0%
Asset Turnover	0.57x	0.51x	0.45x	0.29x	0.38x	0.38x	0.42x	0.49x	0.55x	0.57x
Asset Growth %	9.31%	15.32%	5.45%	8.33%	-1.19%	10.27%	-10.58%	1.62%	3.45%	13.46%
Total Current Liabilities	820.83M	924.83M	924.68M	941.72M	1.19B	1.17B	1.25B	1.43B	1.67B	1.63B
Accounts Payable	288.9M	331.98M	284.47M	278.68M	496.33M	422M	470.25M	527.35M	0	0
Days Payables Outstanding	42.46	48.97	47.32	47.51	71.9	61.47	66.96	70.28	-	43.33
Short-Term Debt	309.68M	350.21M	364.13M	484.8M	391.8M	510.23M	443.87M	535.59M	546.81M	619.27M
Deferred Revenue (Current)	0	0	0	0	0	5.2M	0	0	0	0
Other Current Liabilities	48.65M	65.01M	32.41M	52.3M	48.15M	48.83M	99.88M	96.83M	1.12B	1.01B
Current Ratio	1.21x	1.10x	0.82x	1.04x	0.89x	1.17x	0.90x	0.78x	0.65x	0.65x
Quick Ratio	1.07x	0.97x	0.70x	0.95x	0.81x	1.06x	0.80x	0.68x	0.65x	0.65x
Cash Conversion Cycle	-19.24	-19.92	-17.38	-25.38	-48.03	-30.11	-38.41	-38.94	-	-25.27
Total Non-Current Liabilities	2.9B	3.42B	3.56B	4.13B	3.66B	4.34B	3.66B	3.3B	2.97B	2.98B
Long-Term Debt	2.38B	2.81B	2.63B	2.8B	2.72B	2.94B	2.56B	2.14B	1.85B	62.13M
Capital Lease Obligations	0	0	259.24M	205.84M	158.27M	88.62M	67.39M	67.26M	0	124.63M
Deferred Tax Liabilities	419.02M	518.16M	623.58M	950.07M	663.24M	1.13B	0	787.97M	0	1.7B
Other Non-Current Liabilities	102.89M	96.18M	45.63M	62.34M	124.88M	37.42M	1.03B	309.48M	1.13B	4.46B
Total Liabilities	3.72B	4.35B	4.48B	5.07B	4.86B	5.51B	4.91B	4.73B	4.64B	4.61B
Total Debt	2.69B	3.16B	3.35B	3.49B	3.35B	3.54B	3.09B	2.76B	2.39B	681.4M
Net Debt	2.51B	2.83B	3.26B	3.28B	3.09B	3.44B	2.94B	2.53B	2.39B	681.4M
Debt / Equity	1.53x	1.61x	1.54x	1.63x	1.48x	1.51x	1.46x	1.15x	0.87x	0.87x
Debt / EBITDA	3.95x	3.91x	3.80x	5.98x	4.67x	6.15x	6.35x	3.14x	2.44x	0.70x
Net Debt / EBITDA	3.68x	3.50x	3.70x	5.61x	4.31x	5.97x	6.04x	2.88x	2.44x	2.44x
Interest Coverage	3.70x	3.94x	4.49x	0.94x	2.22x	1.73x	1.31x	4.78x	6.42x	9.88x
Total Equity	1.75B▲ 0%	1.96B▲ 12.0%	2.18B▲ 10.7%	2.14B▼ 1.6%	2.27B▲ 6.0%	2.35B▲ 3.5%	2.11B▼ 10.0%	2.41B▲ 14.0%	2.75B▲ 14.0%	2.73B▲ 0%
Equity Growth %	29.86%	11.97%	10.73%	-1.63%	5.98%	3.53%	-9.97%	13.97%	14.02%	56.05%
Book Value per Share	33.04	37.15	42.34	42.62	44.68	46.36	47.39	57.98	66.33	67.18
Total Shareholders' Equity	1.75B	1.96B	2.18B	2.14B	2.27B	2.35B	2.11B	2.41B	2.75B	2.73B
Common Stock	672.59M	690.91M	686.81M	704.67M	722.31M	734.43M	754.36M	777.09M	2.75B	804.23M
Retained Earnings	1.52B	1.78B	2.08B	2.05B	2.16B	2.24B	2.27B	2.59B	0	3.12B
Treasury Stock	-435.18M	-503.18M	-590.97M	-617.14M	-618.71M	-619.86M	-912.4M	-962.65M	0	0
Accumulated OCI	-50K	-32K	0	0	0	-3.8M	325K	168K	0	-366K
Minority Interest	0	0	0	0	0	0	0	0	0	0

SKYW Cash Flow Statement

SkyWest, Inc. (SKYW) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	684.12M	802.53M	721.03M	633.56M	831.82M	480.38M	736.33M	692.46M	940.36M	940.36M
Operating CF Margin %	21.91%	24.91%	24.26%	29.79%	30.65%	15.99%	25.08%	19.63%	23.17%	-
Operating CF Growth %	35.02%	17.31%	-10.16%	-12.13%	31.29%	-42.25%	53.28%	-5.96%	35.8%	117.44%
Net Income	428.91M	280.37M	340.1M	-8.52M	111.91M	72.95M	34.34M	322.96M	428.33M	429.48M
Depreciation & Amortization	292.77M	334.59M	368.1M	474.96M	440.2M	394.55M	383.12M	383.88M	364.5M	275.05M
Stock-Based Compensation	10.58M	13.11M	10.27M	6.8M	8.69M	9.16M	17.13M	19.86M	18.73M	0
Deferred Taxes	-145.52M	99.14M	109.65M	6.1M	37.3M	23.82M	539K	0	122.76M	0
Other Non-Cash Items	0	0	-24.66M	20.79M	75.76M	27.46M	-11.68M	91.15M	494K	209.29M
Working Capital Changes	97.39M	75.33M	-82.44M	133.43M	157.97M	-47.58M	312.9M	-125.4M	5.55M	0
Change in Receivables	4.2M	-21.46M	-40.7M	26.83M	-30.09M	-32.96M	33.42M	-56.55M	-68.5M	0
Change in Inventory	-1.25M	-7.93M	-4.3M	19.31M	-12.9M	-16.63M	-3.9M	-11.89M	-29.55M	0
Change in Payables	46.93M	118.97M	-54.04M	-26.98M	231.18M	-42.03M	80.96M	-3.14M	152.08M	0
Cash from Investing	-751.34M	-983.4M	-657.03M	-683.47M	-698.52M	-904.89M	-23.23M	-228.63M	-651.83M	-668.55M
Capital Expenditures	-735.38M	-1.14B	-714.73M	-447.92M	-681.4M	-682.59M	-316.33M	-346.3M	-653.37M	-574.92M
CapEx % of Revenue	23.55%	35.35%	24.05%	21.06%	25.11%	22.72%	10.78%	9.82%	16.1%	-
Acquisitions	88.53M	49.55M	53.2M	31.1M	40.08M	155.37M	0	0	0	1.68M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10.9M	-36.82M	76.49M	-89.43M	-65.39M	-31.63M	31.69M	5.15M	11.39M	-105.36M
Cash from Financing	102.24M	327.46M	-305.17M	178.43M	-90.6M	269.08M	-667.81M	-384.75M	-393.22M	-358.4M
Debt Issued (Net)	141.42M	413.89M	-182.4M	218.96M	-90.5M	269.45M	-377.92M	-336.69M	-283.06M	-169.83M
Equity Issued (Net)	-15.35M	-49.24M	-103.93M	-17.18M	3.15M	2.96M	-289.14M	-40.46M	-82.28M	-69.89M
Dividends Paid	-15.02M	-19.74M	-23.47M	-13.06M	0	0	0	0	0	0
Share Repurchases	-20.01M	-54.45M	-94.62M	-20M	0	0	-291.95M	-43.32M	-84.93M	-71.25M
Other Financing	-8.82M	-17.45M	4.63M	-10.29M	-3.24M	-3.33M	-760K	-7.6M	-27.88M	-118.67M
Net Change in Cash	35.03M▲ 0%	146.59M▲ 318.5%	-241.18M▼ 264.5%	128.52M▲ 153.3%	42.7M▼ 66.8%	-155.44M▼ 464.0%	45.29M▲ 129.1%	79.08M▲ 74.6%	-104.69M▼ 232.4%	-113.13M▲ 0%
Free Cash Flow	-51.25M▲ 0%	-336.18M▼ 555.9%	6.3M▲ 101.9%	185.64M▲ 2847.6%	150.42M▼ 19.0%	-202.22M▼ 234.4%	420.01M▲ 307.7%	364.18M▼ 13.3%	287M▼ 21.2%	338.9M▲ 0%
FCF Margin %	-1.64%	-10.43%	0.21%	8.73%	5.54%	-6.73%	14.31%	10.32%	7.07%	8.22%
FCF Growth %	92.08%	-555.94%	101.87%	2847.63%	-18.97%	-234.44%	307.7%	-13.29%	-21.19%	2.11%
FCF per Share	-0.97	-6.36	0.12	3.70	2.96	-3.99	9.42	8.77	6.93	6.93
FCF Conversion (FCF/Net Income)	1.60x	2.86x	2.12x	-74.41x	7.43x	6.58x	21.44x	2.14x	2.20x	0.79x
Interest Paid	105.64M	118.27M	131.73M	125.44M	124.92M	125.32M	128.29M	113.57M	0	54.34M
Taxes Paid	5.01M	2.66M	2.49M	1.78M	6.59M	1.17M	13.61M	18.59M	0	4.13M

SKYW Key Ratios

SkyWest, Inc. (SKYW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	27.62%	15.08%	16.43%	-0.39%	5.08%	3.16%	1.54%	14.28%	16.62%	16%
Return on Invested Capital (ROIC)	7.27%	7.86%	7.51%	1.5%	3.84%	2.44%	1.44%	7.42%	9.19%	9.19%
Gross Margin	20.46%	23.19%	26.17%	-0.65%	7.14%	16.62%	12.68%	22.36%	61.58%	41.93%
Net Margin	13.74%	8.7%	11.44%	-0.4%	4.12%	2.43%	1.17%	9.15%	10.55%	10.42%
Debt / Equity	1.53x	1.61x	1.54x	1.63x	1.48x	1.51x	1.46x	1.15x	0.87x	0.87x
Interest Coverage	3.70x	3.94x	4.49x	0.94x	2.22x	1.73x	1.31x	4.78x	6.42x	9.88x
FCF Conversion	1.60x	2.86x	2.12x	-74.41x	7.43x	6.58x	21.44x	2.14x	2.20x	0.79x
Revenue Growth	0.04%	3.17%	-7.75%	-28.43%	27.57%	10.74%	-2.31%	20.18%	15.03%	12.26%

SKYW SEC Filings & Documents

SkyWest, Inc. (SKYW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 23, 2026·SEC

Material company update

Jan 29, 2026·SEC

Material company update

Oct 30, 2025·SEC

10-K Annual Reports

FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

Jul 25, 2025·SEC

SKYW Frequently Asked Questions

SkyWest, Inc. (SKYW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

SkyWest, Inc. (SKYW) reported $4.12B in revenue for fiscal year 2025. This represents a 1538% increase from $251.7M in 1996.

SkyWest, Inc. (SKYW) grew revenue by 15.0% over the past year. This is strong growth.

Yes, SkyWest, Inc. (SKYW) is profitable, generating $429.5M in net income for fiscal year 2025 (10.6% net margin).

Dividend & Returns

SkyWest, Inc. (SKYW) has a return on equity (ROE) of 16.6%. This is reasonable for most industries.

SkyWest, Inc. (SKYW) generated $338.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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SkyWest, Inc.(SKYW)Earnings, Financials & Key Ratios

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