10 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 13.8% per year over the past 5 years.
Net income has grown faster than revenue (253.2% vs 13.8% per year).
Operating margin has expanded, at 15.2% in the latest year.
Free cash flow has grown 7.9% per year over the past 5 years.
Financial health
Total debt ($2.4B) exceeds cash ($123M); net debt is $2.3B.
Total debt has grown slower than revenue (-5.7% vs 13.8% per year).
Operating income covered interest expense 5.9× in the latest year.
Total debt is 2.4× EBITDA.
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
$4.1B
$428M
0.0%
15.2%
15.6%
5.8%
$908M
$2.4B
$123M
2024
$3.5B
$323M
0.0%
14.0%
13.4%
4.5%
$648M
$2.7B
$227M
2023
$2.9B
$34M
0.0%
3.5%
1.6%
0.5%
$723M
$3.0B
$148M
2022
$3.0B
—
0.0%
6.0%
0.0%
0.0%
$467M
$3.4B
$103M
2021
$2.7B
—
0.0%
10.2%
0.0%
0.0%
$814M
$3.1B
$258M
2020
$2.1B
—
5.1%
5.1%
0.0%
0.0%
$621M
$3.2B
$216M
2019
$3.0B
—
17.2%
17.2%
0.0%
0.0%
$640M
$3.0B
$87M
2018
$3.2B
—
14.7%
14.7%
0.0%
0.0%
$768M
$3.2B
$328M
2017
$3.1B
—
12.4%
12.4%
0.0%
0.0%
$657M
$2.7B
$182M
2016
$3.1B
—
-5.6%
-5.6%
0.0%
0.0%
$492M
$2.5B
$147M
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
Sep '26
$1.1B
$120M
0.0%
15.8%
4.3%
1.6%
$125M
$2.4B
$72M
Jun '26
$1.1B
$101M
0.0%
14.1%
3.6%
1.4%
$284M
$2.3B
$81M
Mar '26
$1.0B
$102M
0.0%
12.2%
3.7%
1.4%
$130M
$2.4B
$66M
Dec '25
$1.0B
$91M
0.0%
13.1%
3.3%
1.2%
$224M
$2.4B
$123M
Sep '25
$1.1B
$116M
0.0%
16.6%
4.3%
1.6%
$270M
$2.4B
$45M
Jun '25
$1.0B
$120M
0.0%
16.4%
4.7%
1.7%
$252M
$2.5B
$48M
Mar '25
$948M
$101M
0.0%
14.7%
4.1%
1.4%
$163M
$2.6B
$179M
Dec '24
$944M
$97M
0.0%
15.3%
4.0%
1.4%
$163M
$2.7B
$227M
Sep '24
$913M
$90M
0.0%
14.4%
3.9%
1.3%
$172M
$2.7B
$178M
Jun '24
$867M
$76M
0.0%
13.8%
3.4%
1.1%
$159M
$2.8B
$142M
Mar '24
$804M
$60M
0.0%
12.4%
2.8%
0.9%
$153M
$2.9B
$180M
Dec '23
$752M
—
0.0%
3.7%
0.0%
0.0%
$225M
$3.0B
$148M
Sep '23
$766M
—
0.0%
6.4%
0.0%
0.0%
$176M
$3.1B
$125M
Jun '23
$726M
—
0.0%
4.4%
0.0%
0.0%
$182M
$3.2B
$114M
Mar '23
$692M
—
0.0%
-0.7%
0.0%
0.0%
$140M
$3.3B
$75M
Dec '22
$681M
—
0.0%
-5.1%
0.0%
0.0%
$135M
$3.4B
$103M
Sep '22
$789M
—
0.0%
9.6%
0.0%
0.0%
$126M
$3.4B
$39M
Jun '22
$799M
—
0.0%
11.1%
0.0%
0.0%
$187M
$3.3B
$96M
Mar '22
$735M
—
0.0%
7.1%
0.0%
0.0%
$18M
$3.2B
$246M
Dec '21
$777M
—
0.0%
4.2%
0.0%
0.0%
$137M
$3.1B
$258M
Valuation over time
How the market has priced SKYW 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 fallen from 58.9× (Jan '24) to 7.2× (Nov '26).
The price-to-sales ratio has risen from 0.3× (Mar '23) to 0.8× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SKYW growing its revenue and profit?
Over the past 5 years, Skywest Inc's revenue has grown 13.8% per year, and net income grown 253.2% per year. These are computed facts, not advice.
How much debt does SKYW have?
As of FY2025, Skywest Inc reported $2.4B of total debt against $123M of cash; operating income covered interest expense 5.9×.
What is SKYW's profit margin?
In FY2025, gross margin was —, operating margin 15.2%, and net margin 10.6%.
What is SKYW's P/E ratio?
Skywest Inc's P/E (TTM) is 7.51 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 SKYW stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 7.2× 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.