(SKYW) SkyWest - Overview
Sector: Industrials | Industry: Airlines | Exchange: NASDAQ (USA) | Market Cap: 3.364m USD | Total Return: -15.1% in 12m
Avg Turnover: 29.5M
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 4
Warnings
No concerns identified
Tailwinds
No distinct edge detected
SkyWest, Inc. operates as a major regional airline carrier in North America, providing scheduled passenger and air freight services through its primary subsidiaries, SkyWest Airlines and SWC. The company utilizes a business model centered on capacity purchase agreements, where it operates flights on behalf of major network carriers such as United Airlines, Delta Air Lines, American Airlines, and Alaska Airlines. This structure mitigates direct ticket price volatility for the regional operator, as the major partners typically cover fuel costs and marketing.
Beyond scheduled flight operations, SkyWest engages in aircraft and engine leasing to third parties and provides comprehensive ground handling and airport customer services. The regional airline sector is characterized by high capital intensity and reliance on pilot labor supply to maintain flight frequencies across secondary and tertiary markets. As of late 2025, the company managed a fleet of 637 aircraft, facilitating over 2,200 daily departures throughout the United States, Canada, and Mexico. Investors may find additional fundamental insights by reviewing the latest valuation metrics on ValueRay. Headquartered in Saint George, Utah, the firm remains a critical infrastructure link for the hub-and-spoke systems of the largest U.S. legacy carriers.
- Fixed-fee capacity purchase agreements insulate revenue from fluctuating passenger ticket prices
- Pilot labor availability and wage inflation pressure regional flight operational capacity
- Fleet modernization toward E175 aircraft improves segment margins and contract efficiency
- Major carrier partner demand dictates long-term flying schedules and revenue stability
- Corporate travel recovery trends influence flying volume from United, Delta, and American
| Net Income: 429.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.53 > 1.0 |
| NWC/Revenue: -15.06% < 20% (prev -9.42%; Δ -5.65% < -1%) |
| CFO/TA 0.12 > 3% & CFO 913.8m > Net Income 429.5m |
| Net Debt (1.87b) to EBITDA (1.01b): 1.85 < 3 |
| Current Ratio: 0.62 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.7m) vs 12m ago -2.24% < -2% |
| Gross Margin: 32.75% > 18% (prev 0.26%; Δ 3.25k% > 0.5%) |
| Asset Turnover: 57.02% > 50% (prev 51.63%; Δ 5.40% > 0%) |
| Interest Coverage Ratio: 6.35 > 6 (EBITDA TTM 1.01b / Interest Expense TTM 101.8m) |
| A: -0.08 (Total Current Assets 1.01b - Total Current Liabilities 1.63b) / Total Assets 7.35b |
| B: 0.43 (Retained Earnings 3.12b / Total Assets 7.35b) |
| C: 0.09 (EBIT TTM 645.9m / Avg Total Assets 7.23b) |
| D: 0.85 (Book Value of Equity 3.93b / Total Liabilities 4.61b) |
| Altman-Z'' = 2.33 = BBB |
| DSRI: 1.11 (Receivables 172.8m/138.3m, Revenue 4.12b/3.67b) |
| GMI: 0.78 (GM 32.75% / 25.54%) |
| AQI: 1.56 (AQ_t 0.07 / AQ_t-1 0.05) |
| SGI: 1.12 (Revenue 4.12b / 3.67b) |
| TATA: -0.07 (NI 429.5m - CFO 913.8m) / TA 7.35b) |
| Beneish M = -2.78 (Cap -4..+1) = A |
As of May 29, 2026, the stock is trading at USD 86.22 with a total of 294,293 shares traded.
Over the past week, the price has changed by +3.52%,
over one month by +4.06%,
over three months by -17.16% and
over the past year by -15.07%.
SkyWest has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy SKYW.
- StrongBuy: 2
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 121.5 | 40.9% |
P/E Trailing = 8.1323
P/E Forward = 9.5238
P/S = 0.8159
P/B = 1.2305
P/EG = 1.6624
Revenue TTM = 4.12b USD
EBIT TTM = 645.9m USD
EBITDA TTM = 1.01b USD
Long Term Debt = 1.80b USD (from longTermDebt, last quarter)
Short Term Debt = 619.3m USD (from shortTermDebt, last quarter)
Debt = 2.50b USD (corrected: LT Debt 1.80b + ST Debt 619.3m) + Leases 83.0m
Net Debt = 1.87b USD (calculated: Debt 2.50b - CCE 627.3m)
Enterprise Value = 5.23b USD (3.36b + Debt 2.50b - CCE 627.3m)
Interest Coverage Ratio = 6.35 (Ebit TTM 645.9m / Interest Expense TTM 101.8m)
EV/FCF = 22.73x (Enterprise Value 5.23b / FCF TTM 230.3m)
FCF Yield = 4.40% (FCF TTM 230.3m / Enterprise Value 5.23b)
FCF Margin = 5.59% (FCF TTM 230.3m / Revenue TTM 4.12b)
Net Margin = 10.42% (Net Income TTM 429.5m / Revenue TTM 4.12b)
Gross Margin = 32.75% ((Revenue TTM 4.12b - Cost of Revenue TTM 2.77b) / Revenue TTM)
Gross Margin QoQ = 21.00% (prev 60.94%)
Tobins Q-Ratio = 0.71 (Enterprise Value 5.23b / Total Assets 7.35b)
Interest Expense / Debt = 4.08% (Interest Expense 101.8m / Debt 2.50b)
Taxrate = 5.64% (6.08m / 107.8m)
NOPAT = 609.5m (EBIT 645.9m * (1 - 5.64%))
Current Ratio = 0.62 (Total Current Assets 1.01b / Total Current Liabilities 1.63b)
Debt / Equity = 0.91 (Debt 2.50b / totalStockholderEquity, last quarter 2.73b)
Debt / EBITDA = 1.85 (Net Debt 1.87b / EBITDA 1.01b)
Debt / FCF = 8.12 (Net Debt 1.87b / FCF TTM 230.3m)
Total Stockholder Equity = 2.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.94% (Net Income 429.5m / Total Assets 7.35b)
RoE = 16.00% (Net Income TTM 429.5m / Total Stockholder Equity 2.68b)
RoCE = 14.42% (EBIT 645.9m / Capital Employed (Equity 2.68b + L.T.Debt 1.80b))
RoIC = 9.67% (NOPAT 609.5m / Invested Capital 6.30b)
WACC = 7.78% (E(3.36b)/V(5.86b) * Re(10.70%) + D(2.50b)/V(5.86b) * Rd(4.08%) * (1-Tc(0.06)))
Discount Rate = 10.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -43.03 | Cagr: -4.05%
[DCF] Terminal Value 73.10% ; FCFF base≈270.9m ; Y1≈237.6m ; Y5≈192.0m
[DCF] Fair Price = 30.53 (EV 3.08b - Net Debt 1.87b = Equity 1.21b / Shares 39.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.11 | # QB: 0
Revenue Correlation: 98.98 | Revenue CAGR: 16.33% | SUE: 1.18 | # QB: 4
EPS current Quarter (2026-06-30): EPS=2.80 | Chg30d=-14.40% | Revisions=-50% | Analysts=5
EPS next Quarter (2026-09-30): EPS=3.14 | Chg30d=-8.43% | Revisions=-50% | Analysts=5
EPS current Year (2026-12-31): EPS=10.91 | Chg30d=-3.39% | Revisions=-56% | GrowthEPS=+5.4% | GrowthRev=+7.0%
EPS next Year (2027-12-31): EPS=11.99 | Chg30d=-1.40% | Revisions=-11% | GrowthEPS=+9.9% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -56%