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Sky Harbour Group Corp key statistics and ratios

In fiscal 2025, Sky Harbour Group Corp had return on equity of 11.3%, an operating margin of -101.8% and debt equal to 109.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Operating margin184.4%<−999%−224.3%−138.3%−101.8%−80.8%
Net margin−862.5%−172.6%−213.6%−306.4%68.3%2.7%
Free-cash-flow margin−429.5%<−999%−112.2%−76.9%−43.0%−16.2%
Return on equity—−8.0%−14.0%−31.0%11.3%0.6%
Return on assets−4.5%−1.0%−4.4%−9.4%3.3%0.1%
Asset turnover0.010.010.020.030.050.05
Debt to equity—164.9%122.8%101.8%109.0%114.3%
Interest cover (operating income ÷ interest)2.5x—n/mn/mn/mn/m
Effective tax rate0.0%—————
Capital spending as % of revenue10.3%56.9%10.1%15.3%34.5%16.8%
Free cash flow ÷ net income————−62.9%−592.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 1 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$27m against $4m of interest.

From Sky Harbour Group Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

12 /100

Weak moat

How hard Sky Harbour Group's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -3.5% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -169.5%; its worst year was -863.0%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -83.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (17 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: AXR vs SKYHLPA vs SKYHSKYH vs TRCMLP vs SKYH

More: Real Estate Development stocks compared, Real Estate sector, rankings of US companies

Figures from Sky Harbour Group Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Sky Harbour Group Corp.