SKYWEST INC SKYW

Industrials SIC 4512 - Air Transportation, Scheduled NAICS Transportation and Warehousing › Air Transportation › Scheduled Air Transportation derived Nasdaq

Through SkyWest Airlines, our primary operating entity, we offer scheduled passenger service to destinations in the United States, Canada and Mexico. Substantially all of our flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share agreements with United, Delta, American or Alaska, respectively. Code-share agreements are commercial agreements between airlines that, among other things, allow one airline to use another airline's flight designator codes on its flights. As of December 31, 2025, we offered approximately 2,260 daily departures, of which approximately 940 were United Express flights, 680 were Delta Connection flights, 420 were American Eagle flights and 210 were Alaska Airlines flights.

Last close 93.03 2026-10-23
Market cap $3.61B 2026-06-30 share count
52-week range 77.89 - 117.72

Valuation FY2025 figures against the last close

P/S0.9x
P/E9.0x
P/FCF4.0x
EV/EBITDA5.4x
Dividend yield—
Diluted EPS10.35

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.06B$3.53B$2.94B$3.00B$2.71B$2.13B$2.97B$3.22B$3.12B$3.06B
Cost of revenue —————$2.02B$2.46B$2.75B$2.73B$3.24B
Gross profit —————$108.8M$512.3M$474.3M$388.2M-$172.7M
Total operating expenses $3.44B$3.03B$2.83B$2.82B$2.44B$2.02B$2.46B—$2.82B$3.29B
Operating income $617.8M$494.7M$104.1M$181.2M$275.9M$108.8M$512.3M$474.3M$388.2M-$172.7M
Interest expense $104.4M$114.3M$130.9M$127.1M$123.1M$123.2M$127.8M$120.4M$104.9M$78.2M
Pre-tax income $565.6M$432.1M$40.3M$92.6M$150.6M-$7.3M$446.3M$366.3M$288.2M-$248.8M
Income tax $137.3M$109.2M$6.0M$19.6M$38.7M$1.2M$106.2M$85.9M$140.7M$87.2M
Net income $428.3M$323.0M$34.3M$73.0M$111.9M-$8.5M$340.1M$280.4M$428.9M-$161.6M
EPS, basic 10.628.020.781.442.22-0.176.685.408.28-3.14
EPS, diluted 10.357.770.771.442.20-0.176.625.308.08-3.14
Shares, diluted (wtd. avg.) 41.4M41.5M44.6M50.6M50.8M50.2M51.4M52.9M53.1M51.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $122.7M$227.4M$148.3M$103.0M$258.4M$215.7M$87.2M$328.4M$181.8M$146.8M
Short-term investments $584.2M$574.3M$686.9M$944.2M$602.0M$610.2M$433.0M$360.9M$503.5M—
Receivables —$122.8M$82.9M$100.5M$65.3M$34.5M$83.0M$64.2M$42.7M$46.9M
Total current assets $1.09B$1.12B$1.13B$1.37B$1.07B$982.8M$760.3M$1.02B$995.1M$917.8M
Property, plant and equipment $5.84B$5.59B$5.48B$5.55B$5.50B$5.36B$5.39B$5.01B$4.18B$3.82B
Other intangibles ————————$4.9M$8.2M
Total assets $7.39B$7.14B$7.03B$7.41B$7.13B$6.89B$6.66B$6.31B$5.47B$5.01B
Accounts payable $633.6M$527.4M$470.3M$422.0M$496.3M$278.7M$284.5M$332.0M$288.9M$241.2M
Short-term debt $546.8M$535.6M$443.9M$438.5M$391.8M$402.2M$364.1M$350.2M$309.7M$305.5M
Total current liabilities $1.67B$1.43B$1.25B$1.17B$1.19B$941.7M$924.7M$924.8M$820.8M$747.3M
Long-term debt $1.85B$2.14B$2.56B$2.94B$2.72B$2.80B$2.63B$2.81B$2.38B$2.24B
Retained earnings $3.02B$2.59B$2.27B$2.24B$2.16B$2.05B$2.08B$1.78B$1.52B$1.10B
Total equity $2.75B$2.41B$2.11B$2.35B$2.27B$2.14B$2.18B$1.96B$1.75B$1.35B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $940.4M$692.5M$736.3M$480.4M$831.8M$633.6M$721.0M$802.5M$684.1M$506.7M
Depreciation and amortisation $364.5M$383.9M$383.1M$394.6M$440.2M$475.0M$368.1M$334.6M$292.8M$285.0M
Stock-based compensation $18.7M$19.9M$17.1M$9.2M$8.7M$6.8M$10.3M$13.1M$10.6M$7.6M
Capital expenditure $32.0M$44.9M$13.3M$13.0M$18.1M$12.7M$80.6M$34.4M$27.5M$14.3M
Investing cash flow -$651.8M-$228.6M-$23.2M-$904.9M-$698.5M-$683.5M-$657.0M-$983.4M-$751.3M-$1.18B
Financing cash flow -$393.2M-$384.8M-$667.8M$269.1M-$90.6M$178.4M-$305.2M$327.5M$102.2M$614.1M
Dividends paid —————$13.1M$23.5M$19.7M$15.0M$9.3M
Buybacks —————$20.0M$78.5M$54.4M$20.0M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-016358.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 3.1B Gross profit, FY2016: -172.7M Net income, FY2016: -161.6M Revenue, FY2017: 3.1B Gross profit, FY2017: 388.2M Net income, FY2017: 428.9M Revenue, FY2018: 3.2B Gross profit, FY2018: 474.3M Net income, FY2018: 280.4M Revenue, FY2019: 3B Gross profit, FY2019: 512.3M Net income, FY2019: 340.1M Revenue, FY2020: 2.1B Gross profit, FY2020: 108.8M Net income, FY2020: -8.5M Revenue, FY2021: 2.7B Net income, FY2021: 111.9M Revenue, FY2022: 3B Net income, FY2022: 73M Revenue, FY2023: 2.9B Net income, FY2023: 34.3M Revenue, FY2024: 3.5B Net income, FY2024: 323M Revenue, FY2025: 4.1B Net income, FY2025: 428.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.06B $3.12B $3.22B $2.97B $2.13B $2.71B $3.00B $2.94B $3.53B $4.06B
Gross profit -$172.7M $388.2M $474.3M $512.3M $108.8M — — — — —
Net income -$161.6M $428.9M $280.4M $340.1M -$8.5M $111.9M $73.0M $34.3M $323.0M $428.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4512

TickerCompanyMarket capP/ERevenue growth
DAL DELTA AIR LINES, INC. $50.49B 10.0x 2.8%
UAL United Airlines Holdings, Inc. $31.79B 9.6x 3.5%
LUV SOUTHWEST AIRLINES CO $20.42B 52.8x 2.1%
AAL American Airlines Group Inc. $8.02B 71.2x 0.8%
ALK ALASKA AIR GROUP, INC. $3.84B 41.4x 21.3%
ALGT Allegiant Travel CO $1.85B — 4.8%
ULCC Frontier Group Holdings, Inc. $1.14B — -1.4%
JBLU JETBLUE AIRWAYS CORP $990.4M — -2.3%