Skywest vs Wheels Up Experience
Skywest is the larger business, with $4.06bn of revenue in fiscal 2025 against $736m for Wheels Up Experience (5.5 times as much). Skywest grew faster (15.0% against -7.0%). Skywest kept more of each dollar of sales as profit: a net margin of 10.6% against -39.9%.
| Latest fiscal year | SkywestSKYW, 2025 | Wheels Up ExperienceUP, 2025 |
|---|---|---|
| Revenue | $4.06bn | $736m |
| Revenue growth | 15.0% | -7.0% |
| Net income | $428m | −$294m |
| Operating margin | 15.2% | -27.6% |
| Net margin | 10.6% | -39.9% |
| Return on equity | 16.6% | — |
| Free cash flow | $908m | −$260m |
| Cash | $123m | $134m |
| Total debt | $2.41bn | $671m |
| Debt to equity | 87.7% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $1.6m |
| Employees | 15,775 | 1,250 |
| Market value | $3.17bn | $120m |
| Price vs our value range | Below our value range | — |
| Moat score | 53 (Moderate) | 22 (Weak) |
| Insider trades, 12 months | 0 buys, 13 sales | 4 buys, 12 sales |