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 16.4× (Dec '25) to 18.6× (Nov '26).
The price-to-sales ratio has fallen from 134.0× (Mar '23) to 12.7× (Nov '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?
Sky Harbour Group Corp's P/E (TTM) is 378.56 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SKYH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 18.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.