SkyWest (SKYW) Stock Fundamentals, Analysis & Risk Signals

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

SkyWest

NasdaqGS•Industrials•Airlines

$97.13+1.12(0.01%)Pre-market

Market Cap

$3.77B

P/E

9.2x

P/S

0.9x

P/B

1.4x

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: 74/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability16/25

Growth17/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowCash-backed earningsConsistent free cash flowImproving leverage

Valuation vs. 5-year range

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

P/E · 9.2x5y range 6.7x – 61.9x

Currently below its 18-quarter median.

P/S · 0.9x5y range 0.3x – 1.2x

Currently near its 20-quarter median.

P/B · 1.4x5y 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 7.8% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $3.77B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $4.19B
Q. Revenue: $1.10B
TTM EBITDA: $955.47M
TTM Op. Income: $587.86M
Q. Op. Income: $155.83M
TTM Net Income: $409.91M
Q. Net Income: $100.70M
EPS: $2.55
Shares Out.: $39.42M

$4.19B in TTM revenue grew 9.1% YoY, reaching $1.10B last quarter. TTM EBITDA of $955.47M and TTM operating income of $587.86M show growth is flowing through to the bottom line. TTM net income of $409.91M 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: 22.5%
Op. Margin: 14.1%
Net Margin: 9.1%

Op. margin of 14.1% is down 2.3% YoY — costs are rising relative to revenue. Net margin at 9.1% Over the past year, operating margin is down 14% — an improving trend.

Price Ratios

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

P/E Ratio: 9.2x
P/S Ratio: 0.9x
P/B Ratio: 1.4x

At 9.2x P/E, the stock trades below typical market levels. P/S of 0.9x and P/B of 1.4x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 10% — a weakening trend.

Assets & Liabilities

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

Total Assets: $7.41B
Cash: $81.41M
Long-Term Debt: $1.64B
Book Value: $2.76B
D/E Ratio: 0.6
Debt/EBITDA: 6.6

With $7.41B in assets and $1.64B in long-term debt, D/E is 0.6and book value is $2.76B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $291.86M
TTM Free Cash Flow: $908.53M
FCF Margin: 21.7%
FCF / Net Income: 2.2

TTM FCF of $908.53M on $291.86M in operating cash flow. The FCF / Net Income ratio of 2.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 21% — an improving trend.