SkyWest (SKYW) Stock Fundamentals, Analysis & Risk Signals

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

SkyWest

NasdaqGS•Industrials•Airlines

$94.25+1.90(0.02%)Pre-market

Market Cap

$3.00B

P/E

7.3x

P/S

0.7x

P/B

1.1x

SkyWest, Inc., through its subsidiaries, engages in the operation of a regional airline in the United States. It operates through SkyWest Airlines and SWC; and SkyWest Leasing segments. The company is also involved in leasing regional jet aircraft and spare engines to third parties and provision of on-demand charter service, airport customer service, and ground handling services for other airlines. As of December 31, 2025, its fleet consisted of 637 aircraft, including 487 aircraft in scheduled service and air freight services with approximately 2,260 total daily departures to various destinations in the United States, Canada, and Mexico. SkyWest, Inc. was incorporated in 1972 and is headquartered in Saint George, Utah.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Cash & Earnings Quality (18/25); weakest: Growth (15/25).

Profitability15/25

Growth15/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality18/25

Strengths

Cash-backed earningsConsistent free cash flowImproving leverageConsistent growth

Valuation vs. 5-year range

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

P/E · 7.3x5y range 6.7x – 61.9x

Currently below its 18-quarter median.

P/S · 0.7x5y range 0.3x – 1.2x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.3x – 1.7x

Watch items

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

Some Concerns

Margin Pressure

Watch

Operating margins declined 12.4% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $3.00B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $4.26B
Q. Revenue: $1.12B
TTM EBITDA: $941.16M
TTM Op. Income: $589.74M
Q. Op. Income: $176.03M
TTM Net Income: $413.07M
Q. Net Income: $119.52M
EPS: $3.1
Shares Out.: $38.60M

$4.26B in TTM revenue grew 7.0% YoY, reaching $1.12B last quarter. TTM EBITDA of $941.16M and TTM operating income of $589.74M show growth is flowing through to the bottom line. TTM net income of $413.07M 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: 22.6%
Op. Margin: 15.8%
Net Margin: 10.7%

Op. margin of 15.8% is down 0.8% YoY — costs are rising relative to revenue. Net margin at 10.7% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 7.3x
P/S Ratio: 0.7x
P/B Ratio: 1.1x

At 7.3x P/E, the stock trades below typical market levels. P/S of 0.7x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 23% — an improving trend.

Assets & Liabilities

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

Total Assets: $7.51B
Cash: $71.75M
Long-Term Debt: $1.72B
Book Value: $2.81B
D/E Ratio: 0.6
Debt/EBITDA: 6.8

With $7.51B in assets and $1.72B in long-term debt, D/E is 0.6and book value is $2.81B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 12% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $131.28M
TTM Free Cash Flow: $763.42M
FCF Margin: 17.9%
FCF / Net Income: 1.8

TTM FCF of $763.42M on $131.28M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 10% — a weakening trend.