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SKYH Financials Sky Harbour Group Corp

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
-$45M -$9M $28M $0 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-1022% -419% 184% 0% 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-80% -35% 11% 0% 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-$29M -$14M $0 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $102M $204M 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$188M $19M $226M $0 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 9.8 19.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 92.2 184.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.