SkyWest, Inc. (SKYW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SKYW Revenue Growth
Revenue Breakdown (FY 2025)
SKYW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
SKYW Revenue Analysis (2014–2025)
As of May 8, 2026, SkyWest, Inc. (SKYW) generated trailing twelve-month (TTM) revenue of $4.12 billion, reflecting solid growth of +6.8% year-over-year. The most recent quarter (Q1 2026) recorded $1.01 billion in revenue, down 1.1% sequentially.
Looking at the longer-term picture, SKYW's 5-year compound annual growth rate (CAGR) stands at +13.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $4.06 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SKYW's business is primarily driven by Flying agreements (94%), Lease, airport services and other. (4%), and Airport customer service and other revenue (2%). With over half of revenue concentrated in Flying agreements, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including MESA (-19.9% YoY), ULCC (-0.5% YoY), and ALK (+21.3% YoY), SKYW has underperformed the peer group in terms of revenue growth. Compare SKYW vs MESA →
SKYW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SKYWCurrent | $4.1B | +6.8% | +13.8% | 15.2% | |
 MESA | $381M | -19.9% | -6.9% | -46.5% | |
 ULCC | $3.7B | -0.5% | +24.4% | -4.0% | |
 ALK | $14.2B | +21.3% | +31.9% | 2.1% | |
 SNCY | $1.1B | +4.4% | +22.9% | 8.9% | |
 UAL | $59.1B | +4.7% | +30.9% | 8.0% |
SKYW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.06B | +15.0% | $2.50B | 61.6% | $617.8M | 15.2% |
| 2024 | $3.53B | +20.2% | $789.0M | 22.4% | $494.7M | 14.0% |
| 2023 | $2.94B | -2.3% | $372.2M | 12.7% | $104.1M | 3.5% |
| 2022 | $3.00B | +10.7% | $499.3M | 16.6% | $181.2M | 6.0% |
| 2021 | $2.71B | +27.6% | $193.7M | 7.1% | $275.9M | 10.2% |
| 2020 | $2.13B | -28.4% | $-13,892,000 | -0.7% | $108.8M | 5.1% |
| 2019 | $2.97B | -7.8% | $777.9M | 26.2% | $512.3M | 17.2% |
| 2018 | $3.22B | +3.2% | $747.1M | 23.2% | $474.3M | 14.7% |
| 2017 | $3.12B | +0.0% | $639.0M | 20.5% | $388.2M | 12.4% |
| 2016 | $3.12B | +0.8% | $598.0M | 19.2% | $-172,684,000 | -5.5% |
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Start ComparisonSKYW — Frequently Asked Questions
Quick answers to the most common questions about buying SKYW stock.
Is SKYW's revenue growth accelerating or slowing?
SKYW maintains +6.8% revenue growth, in line with its 5-year CAGR of +13.8%. TTM revenue stands at $4.1B. Growth rate remains consistent with historical average.
What is SKYW's long-term revenue growth rate?
SkyWest, Inc.'s 5-year revenue CAGR of +13.8% reflects the sustained expansion pattern. Current YoY growth of +6.8% is near this long-term average.
How is SKYW's revenue distributed by segment?
SKYW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.