Sky Harbour Group (SKYH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Sky Harbour Group

NYSE•Real Estate•Real Estate - Development

$10.48+0.09(0.01%)Market closed

Market Cap

$347.67M

P/E

375.5x

P/S

10.2x

P/B

2.8x

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company's home basing hangar campuses includes private and semi-private hangars, as well as a suite of services for home based and transient aircraft. The company is based in White Plains, New York.

How this company scores

WeakMetricSide Score: 45/100

Grade capped at D — Interest coverage below 1× (-5.1x) — earnings cannot cover interest. Strongest: Growth (22/25); weakest: Cash & Earnings Quality (5/25).

Profitability11/25

Growth22/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality5/25

Strengths

Growing revenueRising earningsProfit converts from growthConsistent growth

Grade capped at D

Interest coverage below 1× (-5.1x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 375.5x5y range 0.0x – 375.5x

Currently above its 4-quarter median.

P/S · 10.2x5y range 0.0x – 571.4x

Currently below its 18-quarter median.

P/B · 2.8x5y range 0.0x – 17.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $347.67M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $33.94M
Q. Revenue: $9.86M
TTM EBITDA: $-19.61M
TTM Op. Income: $-27.41M
Q. Op. Income: $-6.77M
TTM Net Income: $926,000
Q. Net Income: $-1.24M
EPS: $-0.04
Shares Out.: $34.46M

$33.94M in TTM revenue grew 62.2% YoY, reaching $9.86M last quarter. TTM EBITDA of $-19.61M and TTM operating income of $-27.41M show growth is flowing through to the bottom line. TTM net income of $926,000 means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -47.2%
Op. Margin: -68.7%
Net Margin: -12.6%

Op. margin of -68.7% is up 45.6% YoY — cost efficiency is improving. Net margin at -12.6% Over the past year, operating margin is up 40% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 375.5x
P/S Ratio: 10.2x
P/B Ratio: 2.8x

At 375.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 10.2x and P/B of 2.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 3 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $822.93M
Cash: $164.03M
Long-Term Debt: N/A
Book Value: $126.30M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $485,000
TTM Free Cash Flow: $-5.49M
FCF Margin: -16.2%
FCF / Net Income: -5.9

TTM FCF of $-5.49M on $485,000 in operating cash flow. The FCF / Net Income ratio of -5.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.