SkyWest, Inc. (SKYW) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
↓
6.22
↓-21% vs avg
5yr avg: 7.93
30Y Low1.1·High38.1
P/FCF
↑
12.97
+16% vs avg
5yr avg: 11.18
30Y Low2.9·High105.1
P/B Ratio
↑
1.40
↑+25% vs avg
5yr avg: 1.12
30Y Low0.4·High2.7
ROE
↑
16.6%
↓+104% vs avg
5yr avg: 8.1%
30Y Low-11%·High28%
Debt/EBITDA
↓
2.44
↓-46% vs avg
5yr avg: 4.55
30Y Low0.7·High22.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SKYW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SkyWest, Inc. trades at 8.9x earnings, 63% below its 5-year average of 23.9x, sitting at the 15th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 65%. On a free-cash-flow basis, the stock trades at 13.0x P/FCF, 16% above the 5-year average of 11.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $4.2B | $4.2B | $2.3B | $836M | $2.0B | $2.0B | $3.3B | $2.4B | $2.8B | $1.9B |
| Enterprise Value | $6.1B | $6.5B | $6.7B | $5.3B | $4.3B | $5.1B | $5.3B | $6.6B | $5.2B | $5.3B | $4.3B |
| P/E Ratio → | 8.95 | 9.70 | 12.89 | 67.79 | 11.47 | 17.78 | — | 9.76 | 8.39 | 6.57 | — |
| P/S Ratio | 0.92 | 1.02 | 1.18 | 0.79 | 0.28 | 0.74 | 0.95 | 1.12 | 0.73 | 0.90 | 0.60 |
| P/B Ratio | 1.40 | 1.51 | 1.73 | 1.10 | 0.36 | 0.88 | 0.95 | 1.53 | 1.20 | 1.61 | 1.39 |
| P/FCF | 12.97 | 14.49 | 11.42 | 5.54 | — | 13.26 | 10.90 | 527.21 | — | — | — |
| P/OCF | 3.96 | 4.42 | 6.01 | 3.16 | 1.74 | 2.40 | 3.19 | 4.61 | 2.93 | 4.12 | 3.71 |
P/E links to full P/E history page with 30-year chart
SKYW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SkyWest, Inc.'s enterprise value stands at 6.2x EBITDA, 21% below its 5-year average of 7.9x. The Industrials sector median is 13.9x, placing the stock at a 55% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.61 | 1.90 | 1.80 | 1.42 | 1.87 | 2.49 | 2.21 | 1.61 | 1.71 | 1.37 |
| EV / EBITDA | 6.22 | 6.67 | 7.62 | 10.82 | 7.42 | 7.10 | 9.08 | 7.47 | 6.41 | 7.82 | 38.08 |
| EV / EBIT | 9.90 | 9.77 | 12.25 | 30.79 | 19.46 | 18.57 | 45.75 | 11.46 | 10.93 | 13.72 | — |
| EV / FCF | — | 22.82 | 18.38 | 12.55 | — | 33.79 | 28.55 | 1044.83 | — | — | — |
SKYW Profitability
Margins and return-on-capital ratios measuring operating efficiency
SkyWest, Inc. earns an operating margin of 15.2%, above the Industrials sector average of 4.3%. Operating margins have expanded from 3.5% to 15.2% over the past 3 years, signaling improving operational efficiency. ROE of 16.6% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 9.2% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.6% | 61.6% | 22.4% | 12.7% | 16.6% | 7.1% | -0.7% | 26.2% | 23.2% | 20.5% | 19.2% |
| Operating Margin | 15.2% | 15.2% | 14.0% | 3.5% | 6.0% | 10.2% | 5.1% | 17.2% | 14.7% | 12.4% | -5.5% |
| Net Profit Margin | 10.6% | 10.6% | 9.2% | 1.2% | 2.4% | 4.1% | -0.4% | 11.4% | 8.7% | 13.7% | -5.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.6% | 16.6% | 14.3% | 1.5% | 3.2% | 5.1% | -0.4% | 16.4% | 15.1% | 27.6% | -11.3% |
| ROA | 5.9% | 5.9% | 4.6% | 0.5% | 1.0% | 1.6% | -0.1% | 5.2% | 4.8% | 8.2% | -3.3% |
| ROIC | 9.2% | 9.2% | 7.4% | 1.4% | 2.4% | 3.8% | 1.5% | 7.5% | 7.9% | 7.3% | -3.7% |
| ROCE | 10.8% | 10.8% | 8.6% | 1.7% | 2.9% | 4.5% | 1.8% | 9.2% | 9.4% | 8.7% | -4.2% |
SKYW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SkyWest, Inc. carries a Debt/EBITDA ratio of 2.4x, which is manageable (25% below the sector average of 3.2x). Interest coverage of 6.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 1.15 | 1.46 | 1.51 | 1.48 | 1.63 | 1.54 | 1.61 | 1.53 | 1.88 |
| Debt / EBITDA | 2.44 | 2.44 | 3.14 | 6.35 | 6.15 | 4.67 | 5.98 | 3.80 | 3.91 | 3.95 | 22.67 |
| Net Debt / Equity | — | 0.87 | 1.05 | 1.39 | 1.46 | 1.36 | 1.53 | 1.50 | 1.44 | 1.43 | 1.78 |
| Net Debt / EBITDA | 2.44 | 2.44 | 2.88 | 6.04 | 5.97 | 4.31 | 5.61 | 3.70 | 3.50 | 3.68 | 21.36 |
| Debt / FCF | — | 8.33 | 6.95 | 7.01 | — | 20.53 | 17.65 | 517.62 | — | — | — |
| Interest Coverage | 6.42 | 6.42 | 4.78 | 1.31 | 1.73 | 2.22 | 0.94 | 4.49 | 3.94 | 3.70 | -2.18 |
SKYW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.65x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.90x to 0.65x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.65 | 0.65 | 0.78 | 0.90 | 1.17 | 0.89 | 1.04 | 0.82 | 1.10 | 1.21 | 1.23 |
| Quick Ratio | 0.65 | 0.65 | 0.68 | 0.80 | 1.06 | 0.81 | 0.95 | 0.70 | 0.97 | 1.07 | 1.07 |
| Cash Ratio | 0.42 | 0.42 | 0.56 | 0.67 | 0.89 | 0.72 | 0.88 | 0.56 | 0.75 | 0.83 | 0.74 |
| Asset Turnover | — | 0.55 | 0.49 | 0.42 | 0.38 | 0.38 | 0.29 | 0.45 | 0.51 | 0.57 | 0.62 |
| Inventory Turnover | — | — | 19.70 | 20.16 | 20.34 | 24.21 | 23.48 | 19.86 | 19.38 | 20.74 | 21.29 |
| Days Sales Outstanding | — | — | 12.82 | 10.45 | 13.41 | 8.79 | 6.59 | 11.56 | 10.21 | 5.62 | 6.30 |
SKYW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SkyWest, Inc. returns 2.3% to shareholders annually primarily through share buybacks. The earnings yield of 11.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 0.6% | 0.7% | 0.8% | 0.5% | 0.5% |
| Payout Ratio | — | — | — | — | — | — | — | 6.9% | 7.0% | 3.5% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.2% | 10.3% | 7.8% | 1.5% | 8.7% | 5.6% | — | 10.2% | 11.9% | 15.2% | — |
| FCF Yield | 7.7% | 6.9% | 8.8% | 18.0% | — | 7.5% | 9.2% | 0.2% | — | — | — |
| Buyback Yield | 2.3% | 2.0% | 1.0% | 12.5% | 0.0% | 0.0% | 1.0% | 2.8% | 2.3% | 0.7% | 0.0% |
| Total Shareholder Yield | 2.3% | 2.0% | 1.0% | 12.5% | 0.0% | 0.0% | 1.6% | 3.6% | 3.2% | 1.2% | 0.5% |
| Shares Outstanding | — | $41M | $42M | $45M | $51M | $51M | $50M | $51M | $53M | $53M | $52M |
Peer Comparison
Compare SKYW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SKYWYou | $4B | 8.9 | 6.2 | 13.0 | 61.6% | 15.2% | 16.6% | 9.2% | 2.4 |
 MESA | $879M | -0.0 | — | 63.1 | 99.1% | -46.5% | -528.9% | -62.9% | — |
 ULCC | $2B | -12.0 | — | — | 35.5% | -4.0% | -25.0% | -2.3% | — |
 ALK | $6B | 56.6 | 10.8 | — | 59.7% | 2.1% | 2.4% | 2.3% | 6.3 |
 SNCY | $876M | 16.8 | 6.6 | 10.4 | 66.9% | 8.9% | 8.8% | 6.9% | 3.0 |
 UAL | $38B | 11.6 | 8.3 | 15.0 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 DAL | $55B | 11.0 | 8.7 | 14.3 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 AAL | $11B | 94.1 | 13.0 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 ERJ | $12B | 34.1 | 14.3 | 29.6 | 18.0% | 10.4% | 11.0% | 11.4% | 2.9 |
 GE | $374B | 43.8 | 38.2 | 51.4 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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SKYW — Frequently Asked Questions
Quick answers to the most common questions about buying SKYW stock.
What is SkyWest, Inc.'s P/E ratio?
SkyWest, Inc.'s current P/E ratio is 8.9x. The historical average is 15.8x. This places it at the 15th percentile of its historical range.
What is SkyWest, Inc.'s EV/EBITDA?
SkyWest, Inc.'s current EV/EBITDA is 6.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
What is SkyWest, Inc.'s ROE?
SkyWest, Inc.'s return on equity (ROE) is 16.6%. The historical average is 8.5%.
Is SKYW stock overvalued?
Based on historical data, SkyWest, Inc. is trading at a P/E of 8.9x. This is at the 15th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are SkyWest, Inc.'s profit margins?
SkyWest, Inc. has 61.6% gross margin and 15.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does SkyWest, Inc. have?
SkyWest, Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.