SKYW Financials Skywest Inc

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 30 h ago 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

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	FCF	Total debt	Cash
2025	$4.1B	$428M	0.0%	15.2%	$908M	$2.4B	$123M
2024	$3.5B	$323M	0.0%	14.0%	$648M	$2.7B	$227M
2023	$2.9B	$34M	0.0%	3.5%	$723M	$3.0B	$148M
2022	$3.0B	—	0.0%	6.0%	$467M	$3.4B	$103M
2021	$2.7B	—	0.0%	10.2%	$814M	$3.1B	$258M
2020	$2.1B	—	5.1%	5.1%	$621M	$3.2B	$216M
2019	$3.0B	—	17.2%	17.2%	$640M	$3.0B	$87M
2018	$3.2B	—	14.7%	14.7%	$768M	$3.2B	$328M
2017	$3.1B	—	12.4%	12.4%	$657M	$2.7B	$182M
2016	$3.1B	—	-5.6%	-5.6%	$492M	$2.5B	$147M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$1.0B	$102M	0.0%	12.2%	$130M	$2.4B	$66M
Dec '25	$1.0B	$91M	0.0%	13.1%	$224M	$2.4B	$123M
Sep '25	$1.1B	$116M	0.0%	16.6%	$270M	$2.4B	$45M
Jun '25	$1.0B	$120M	0.0%	16.4%	$252M	$2.5B	$48M
Mar '25	$948M	$101M	0.0%	14.7%	$163M	$2.6B	$179M
Dec '24	$944M	$97M	0.0%	15.3%	$163M	$2.7B	$227M
Sep '24	$913M	$90M	0.0%	14.4%	$172M	$2.7B	$178M
Jun '24	$867M	$76M	0.0%	13.8%	$159M	$2.8B	$142M
Mar '24	$804M	$60M	0.0%	12.4%	$153M	$2.9B	$180M
Dec '23	$752M	—	0.0%	3.7%	$225M	$3.0B	$148M
Sep '23	$766M	—	0.0%	6.4%	$176M	$3.1B	$125M
Jun '23	$726M	—	0.0%	4.4%	$182M	$3.2B	$114M
Mar '23	$692M	—	0.0%	-0.7%	$140M	$3.3B	$75M
Dec '22	$681M	—	0.0%	-5.1%	$135M	$3.4B	$103M
Sep '22	$789M	—	0.0%	9.6%	$126M	$3.4B	$39M
Jun '22	$799M	—	0.0%	11.1%	$187M	$3.3B	$96M
Mar '22	$735M	—	0.0%	7.1%	$18M	$3.2B	$246M
Dec '21	$777M	—	0.0%	4.2%	$137M	$3.1B	$258M
Sep '21	$745M	—	0.0%	6.3%	$186M	$3.0B	$272M
Jun '21	$657M	—	17.5%	17.5%	$263M	$3.0B	$346M

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 61.5× (Jan '24) to 9.1× (Jun '26).
The price-to-sales ratio has risen from 0.3× (Mar '23) to 1.0× (Jun '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?

As of Jun '26, Skywest Inc traded at a price-to-earnings ratio of about 9.1× (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.