5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 104.4% per year over the past 4 years.
Operating margin has contracted, at -101.8% in the latest year.
Financial health
Total debt ($187M) exceeds cash ($37M); net debt is $150M.
Total debt has grown slower than revenue (3.9% vs 104.4% per year).
Operating income covered interest expense -20.6× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$28M
$19M
0.0%
-101.8%
10.9%
3.2%
-$12M
$187M
$37M
2024
$15M
-$45M
0.0%
-138.3%
-28.3%
-8.1%
-$11M
$163M
$94M
2023
$8M
-$16M
0.0%
-224.3%
-12.2%
-4.0%
-$9M
$162M
$72M
2022
$2M
-$3M
0.0%
-1022.1%
-3.2%
-1.0%
-$29M
$162M
$41M
2021
$2M
-$14M
0.0%
184.4%
-80.4%
-4.5%
-$7M
$161M
$204M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$10M
-$1M
0.0%
-68.7%
-0.8%
-0.2%
-$317000
—
$164M
Mar '26
$9M
-$6M
0.0%
-79.9%
-3.4%
-0.7%
-$6M
—
$81M
Dec '25
$8M
$10M
0.0%
-74.4%
5.6%
1.6%
$3M
$187M
$37M
Sep '25
$7M
-$2M
0.0%
-105.2%
-1.1%
-0.3%
-$2M
$163M
$36M
Jun '25
$7M
$17M
0.0%
-114.3%
10.4%
3.1%
-$4M
$163M
$32M
Mar '25
$6M
-$6M
0.0%
-122.0%
-4.2%
-1.2%
-$9M
$163M
$84M
Dec '24
$5M
-$13M
0.0%
-115.6%
-8.4%
-2.4%
-$3M
$163M
$94M
Sep '24
$4M
-$19M
0.0%
-118.7%
-18.6%
-4.1%
-$2M
$163M
$74M
Jun '24
$4M
$6M
0.0%
-137.0%
4.8%
1.2%
-$1M
$163M
$122M
Mar '24
$2M
-$19M
0.0%
-217.3%
-16.5%
-4.3%
-$5M
$162M
$102M
Dec '23
$2M
-$11M
0.0%
-208.4%
-8.0%
-2.6%
-$2M
$162M
$72M
Sep '23
$3M
-$189000
0.0%
-135.9%
-0.2%
-0.1%
-$920000
$162M
$37M
Jun '23
$2M
$778000
0.0%
-245.7%
0.9%
0.2%
-$1M
$162M
$19M
Mar '23
$1M
-$6M
0.0%
-423.1%
-6.9%
-1.9%
-$5M
$162M
$73M
Dec '22
$609000
$527000
0.0%
-592.9%
0.5%
0.2%
-$3M
$162M
$41M
Sep '22
$431000
-$613000
0.0%
-1054.3%
-0.6%
-0.2%
-$1M
$162M
$42M
Jun '22
$409000
$13M
0.0%
-1253.5%
12.4%
3.7%
-$15M
$161M
$42M
Mar '22
$397000
-$16M
0.0%
-1404.5%
-17.2%
-4.5%
-$10M
$161M
$67M
Dec '21
$391000
-$5M
0.0%
33.4%
-31.0%
-1.7%
-$2M
$161M
$204M
Sep '21
$402000
-$4M
0.0%
-802.9%
-16.0%
-2.5%
-$2M
—
$217M
Valuation over time
How the market has priced SKYH against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 16.3× (Dec '25) to 18.9× (Sep '26).
The price-to-sales ratio has fallen from 132.8× (Mar '23) to 12.9× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SKYH growing its revenue and profit?
Over the past 4 years, Sky Harbour Group Corp's revenue has grown 104.4% per year. These are computed facts, not advice.
How much debt does SKYH have?
As of FY2025, Sky Harbour Group Corp reported $187M of total debt against $37M of cash; operating income covered interest expense -20.6×.
What is SKYH's profit margin?
In FY2025, gross margin was —, operating margin -101.8%, and net margin 68.3%.
What is SKYH's P/E ratio?
As of Sep '26, Sky Harbour Group Corp traded at a price-to-earnings ratio of about 18.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.