Skywest Inc is a US-listed company in the passenger airlines industry. Its financial year ends in December.
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Under review: our cash-flow value ($456.62) was left out of our combined valuation (it is 5.60x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.
Under review: our cash-flow value ($456.62) was left out of our combined valuation (it is 5.60x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.
Skywest Inc valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to September 2026 was $4.26bn, up 7.0% on a year earlier, slower than the 9.1% growth a quarter earlier. Free-cash-flow margin rose to 17.9% from 16.8% a year earlier. The diluted share count is down 3.4% on a year earlier, which lifts each remaining share.
Our model value for Skywest is under review, so past values are not shown until it is resolved.
Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation
Revenue for the twelve months to June 2026 was $4.19bn, up 9.1% on a year earlier, slower than the 12.3% growth a quarter earlier. That puts it 9 of 9 for growth among the passenger airlines companies we cover. Free-cash-flow margin rose to 20.6% from 14.1% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 6 financial-health checks.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Skywest Inc's trailing-twelve-month revenue grew 7.0% year on year, with a free-cash-flow margin of 17.9%. Where it stands out: free-cash-flow margin of 17.9% ranks 1 of 16 passenger airlines companies we cover. Where it lags: change in growth rate of -2.1pp ranks 13 of 16 passenger airlines companies we cover.
Our discounted-cash-flow model values the business at ~$460 per share in the base case (~$330–$620 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 14.2% while net income fell 4.9%: a 19pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
Our value per share comes from a discounted-cash-flow model of Skywest Inc's free cash flow after stock-based pay ( $757M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Skywest Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.18 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$460 ~$330–$620 | Left out: out of range vs price (5.59x) |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$140 ~$120–$150 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$67 ~$49–$92 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$65 ~$57–$75 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Skywest Inc with Passenger Airlines in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Now |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $18.34 | $35.41 | $51.99 | $43.88 | $64.30 | $40.31 | $39.30 | $16.51 | $52.20 | $100.13 | $100.41 | $81.68 |
| Market value | $951m | $1.8bn | $2.8bn | $2.3bn | $3.3bn | $2.0bn | $2.0bn | $836m | $2.3bn | $4.2bn | $4.2bn | $3.3bn |
| + Net debt (− = net cash) | $1.7bn | $2.4bn | $2.5bn | $2.9bn | $2.9bn | $3.0bn | $2.9bn | $3.3bn | $2.9bn | $2.5bn | $2.3bn | $2.3bn |
| Enterprise value | $2.7bn | $4.2bn | $5.3bn | $5.2bn | $6.2bn | $5.0bn | $4.9bn | $4.1bn | $5.2bn | $6.6bn | $6.4bn | $5.6bn |
| Multiples | ||||||||||||
| Price / sales | 0.3x | 0.6x | 0.9x | 0.7x | 1.1x | 1.0x | 0.7x | 0.3x | 0.8x | 1.2x | 1.0x | 0.8x |
| Price / earnings | 8.1x | — | 6.4x | 8.3x | 9.7x | — | 17.8x | 11.5x | 67.8x | 12.9x | 9.7x | 7.9x |
| Price / free cash flow | — | 3.7x | 4.2x | 3.0x | 5.2x | 3.3x | 2.5x | 1.8x | 3.2x | 6.4x | 4.6x | 4.3x |
| EV / EBITDA | 5.4x | 37.8x | 7.8x | 6.4x | 7.1x | 8.6x | 6.8x | 7.2x | 10.7x | 7.5x | 6.6x | 5.9x |
Moderate moat
How hard Skywest's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median 2.6% of total assets over 10 years.
Operating margin has been a median 11.4%; its worst year was -3.5%.
Free cash flow was positive in 10 of 10 years, at a median 18.0% of revenue.
The diluted share count fell 20.7% over five years; stock-based pay has been a median 0.4% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
Next results: January 28, 2027, after the close. Analysts expect revenue of $1.1bn and EPS of $2.50 (range $2.36 to $2.65) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $10.57 | +2% | $4.4bn | +8% |
| Next | $12.12 | +15% | $4.6bn | +6% |
Next year's EPS estimate has moved +1.1% in 90 days, across 6 analysts.
The consensus EPS forecast for the current fiscal year is −2.6% on 90 days ago. In the last 30 days, 0 analysts raised Skywest Inc's forecast and 6 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $10.85 | $11.99 |
| 60 days ago | $10.91 | $12.10 |
| 30 days ago | $10.85 | $12.22 |
| 7 days ago | $10.79 | $12.21 |
| Now | $10.57 | $12.12 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | $3.07 | $3.08 | +0.4% |
| Jun 2026 | $2.55 | $2.54 | −0.3% |
| Mar 2026 | $2.17 | $2.50 | +15.4% |
| Dec 2025 | $2.24 | $2.21 | −1.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
Our cash-flow model grows Skywest Inc's revenue by +8.3% next year and +9.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.0%, weight 65%) and the company's own record (+10.6%, weight 35%) . How the weights are set.
Last 12 months −18.7%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $3.8bn | $4.2bn | +9.1% |
| Net margin | 10.6% | 9.8% | −7.9% |
| P/E multiple | 10.2x | 8.1x | −20.7% |
| Share count | 42m | 41m | +2.0% |
Biggest factor: p/e multiple.
Last 3 years +83.5%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $2.9bn | $4.2bn | +45.1% |
| P/S multiple | 0.8x | 0.8x | +5.7% |
| Share count | 49m | 41m | +19.6% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| SKYW | −3% | −58% | +216% | +92% | +0% | −19% |
| Industry peers (median) | −2% | −24% | −13% | +18% | −17% | −19% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| SKYW | 33% | 42% | 83% | 75% | 58% | 46% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| SKYW | −39% | −65% | −18% | −22% | −34% | −30% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since October 29, 2015: 82% from January 17, 2020 to March 18, 2020. Getting back needed a 449% gain, reached on March 5, 2024, 1448 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 29, 2026 | −13.6% | −2.1% | — | — |
| July 23, 2026 | +8.3% | −1.1% | +13.1% | +5.6% |
| April 23, 2026 | −6.0% | +0.4% | −10.4% | −7.4% |
| January 29, 2026 | −1.0% | −0.5% | +4.4% | +4.3% |
| October 30, 2025 | +4.0% | −0.8% | +0.3% | +2.8% |
| July 24, 2025 | −1.0% | +0.5% | +2.2% | +5.0% |
| April 24, 2025 | +1.1% | +2.8% | +3.7% | +12.6% |
| January 30, 2025 | +4.4% | 0.0% | +0.3% | −16.7% |
| October 31, 2024 | +5.0% | −1.5% | +15.6% | +18.5% |
| July 25, 2024 | −7.7% | +0.6% | −8.3% | −8.2% |
| April 25, 2024 | +3.2% | +0.6% | +5.1% | +5.2% |
| February 1, 2024 | +9.9% | +2.4% | +12.1% | +22.7% |
Source: SEC EDGAR filings. Retrieved October 30, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $2.9B |
| FY24 Q1 | $3B |
| FY24 Q2 | $3.2B |
| FY24 Q3 | $3.3B |
| FY24 Q4 | $3.5B |
| FY25 Q1 | $3.7B |
| FY25 Q2 | $3.8B |
| FY25 Q3 | $4B |
| FY25 Q4 | $4.1B |
| FY26 Q1 | $4.1B |
| FY26 Q2 | $4.2B |
| FY26 Q3 | $4.3B |
Source: SEC EDGAR filings. Retrieved October 30, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q4 | -2.3% |
| FY24 Q1 | 2.9% |
| FY24 Q2 | 10.4% |
| FY24 Q3 | 16.4% |
| FY24 Q4 | 20.2% |
| FY25 Q1 | 20.5% |
| FY25 Q2 | 20.5% |
| FY25 Q3 | 19.3% |
| FY25 Q4 | 15.0% |
| FY26 Q1 | 12.3% |
| FY26 Q2 | 9.1% |
| FY26 Q3 | 7.0% |
Source: SEC EDGAR filings. Retrieved October 30, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q4 | 3.5% |
| FY24 Q1 | 6.8% |
| FY24 Q2 | 9.3% |
| FY24 Q3 | 11.3% |
| FY24 Q4 | 14.0% |
| FY25 Q1 | 14.6% |
| FY25 Q2 | 15.2% |
| FY25 Q3 | 15.8% |
| FY25 Q4 | 15.2% |
| FY26 Q1 | 14.6% |
| FY26 Q2 | 14.0% |
| FY26 Q3 | 13.9% |
Source: SEC EDGAR filings. Retrieved October 30, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q4 | 22.2% |
| FY24 Q1 | 21.9% |
| FY24 Q2 | 19.9% |
| FY24 Q3 | 18.1% |
| FY24 Q4 | 15.3% |
| FY25 Q1 | 14.9% |
| FY25 Q2 | 14.1% |
| FY25 Q3 | 16.8% |
| FY25 Q4 | 18.0% |
| FY26 Q1 | 16.9% |
| FY26 Q2 | 20.6% |
| FY26 Q3 | 17.9% |
Each dollar Skywest took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
| Revenue | $4.1B | |
|---|---|---|
| Other operating costs | $3.4B | 84.8% of revenue |
| Operating income | $618M | 15.2% of revenue |
| Income tax | $137M | 3.4% of revenue |
| Interest and other | $52.3M | 1.3% of revenue |
| Net income | $428M | 10.6% of revenue |
| Fiscal year | 2009 Dec 2009 | 2010 Dec 2010 | 2011 Dec 2011 | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||||||||
| Revenue | 2,614 | 2,765 | 3,655 | 3,534 | 3,298 | 3,237 | 3,096 | 3,064 | 3,123 | 3,222 | 2,972 | 2,127 | 2,713 | 3,005 | 2,935 | 3,528 | 4,058 | 4,258 |
| Gross profit | — | — | — | — | — | — | — | −173 | 388 | 474 | 512 | 109 | — | — | — | — | — | — |
| EBITDA | 434 | 438 | 295 | 418 | 398 | 284 | 499 | 112 | 681 | 809 | 880 | 584 | 716 | 576 | 487 | 879 | 982 | 941 |
| Operating income | 212 | 202 | 41 | 166 | 153 | 25 | 235 | −173 | 388 | 474 | 512 | 109 | 276 | 181 | 104 | 495 | 618 | 590 |
| Net income | 84 | 96 | −27 | 51 | 59 | −24 | 118 | −162 | 429 | 280 | 340 | −9 | 112 | 73 | 34 | 323 | 428 | 413 |
| Diluted EPS | $1.47 | $1.70 | −$0.52 | $0.99 | $1.12 | −$0.47 | $2.27 | −$3.14 | $8.08 | $5.30 | $6.62 | −$0.17 | $2.20 | $1.44 | $0.77 | $7.77 | $10.35 | $10.30 |
| Growth (year on year) | ||||||||||||||||||
| Revenue | — | +5.8% | +32.2% | −3.3% | −6.7% | −1.8% | −4.4% | −1.0% | +1.9% | +3.2% | −7.8% | −28.4% | +27.6% | +10.7% | −2.3% | +20.2% | +15.0% | +7.0% |
| EBITDA | — | +1.1% | −32.6% | +41.5% | −4.7% | −28.5% | +75.4% | −77.5% | +506.5% | +18.8% | +8.8% | −33.7% | +22.7% | −19.6% | −15.4% | +80.3% | +11.8% | −5.3% |
| Operating income | — | −4.9% | −79.6% | — | −7.8% | −83.8% | — | −173.6% | — | +22.2% | +8.0% | −78.8% | +153.5% | −34.3% | −42.6% | +375.3% | +24.9% | −6.1% |
| Net income | — | +15.2% | −128.4% | — | — | — | — | −237.2% | — | −34.6% | +21.3% | −102.5% | — | −34.8% | −52.9% | — | +32.6% | −4.9% |
| Diluted EPS | — | +15.6% | −130.6% | — | — | — | — | −238.3% | — | −34.4% | +24.9% | −102.6% | — | −34.5% | −46.5% | — | +33.2% | −1.6% |
| Margins | ||||||||||||||||||
| Gross margin | — | — | — | — | — | — | — | −5.6% | 12.4% | 14.7% | 17.2% | 5.1% | — | — | — | — | — | — |
| EBITDA margin | 16.6% | 15.9% | 8.1% | 11.8% | 12.1% | 8.8% | 16.1% | 3.7% | 21.8% | 25.1% | 29.6% | 27.4% | 26.4% | 19.2% | 16.6% | 24.9% | 24.2% | 22.1% |
| Operating margin | 8.1% | 7.3% | 1.1% | 4.7% | 4.6% | 0.8% | 7.6% | −5.6% | 12.4% | 14.7% | 17.2% | 5.1% | 10.2% | 6.0% | 3.5% | 14.0% | 15.2% | 13.9% |
| Net margin | 3.2% | 3.5% | −0.7% | 1.4% | 1.8% | −0.7% | 3.8% | −5.3% | 13.7% | 8.7% | 11.4% | −0.4% | 4.1% | 2.4% | 1.2% | 9.2% | 10.6% | 9.7% |
| Free-cash-flow margin | — | — | −1.0% | 5.5% | 4.5% | −12.6% | −9.6% | 16.1% | 21.0% | 23.8% | 21.5% | 29.2% | 30.0% | 15.6% | 24.6% | 18.4% | 22.4% | 17.9% |
| Cash flow | ||||||||||||||||||
| Cash from operations | 363 | 347 | 162 | 289 | 290 | 290 | 417 | 507 | 684 | 803 | 721 | 634 | 832 | 480 | 736 | 692 | 940 | 799 |
| Capital spending | — | — | 200 | 95 | 142 | 697 | 715 | 14 | 27 | 34 | 81 | 13 | 18 | 13 | 13 | 45 | 32 | 36 |
| Free cash flow | — | — | −38 | 194 | 148 | −407 | −298 | 492 | 657 | 768 | 640 | 621 | 814 | 467 | 723 | 648 | 908 | 763 |
| Stock-based pay | 8 | 6 | 5 | 5 | 4 | 5 | 5 | 8 | 11 | 13 | 10 | 7 | 9 | 9 | 17 | 20 | 19 | 16 |
| Free cash flow after stock pay | — | — | −43 | 189 | 143 | −412 | −303 | 485 | 646 | 755 | 630 | 614 | 805 | 458 | 706 | 628 | 890 | 747 |
| Balance sheet | ||||||||||||||||||
| Cash | 76 | 112 | 130 | 134 | 171 | 132 | 203 | 147 | 182 | 328 | 87 | 216 | 258 | 103 | 148 | 227 | 123 | 72 |
| Total debt | 0 | 1,898 | 1,815 | 1,642 | 1,471 | 1,746 | 1,949 | 2,571 | 2,712 | 3,185 | 3,018 | 3,236 | 3,141 | 3,409 | 3,030 | 2,693 | 2,408 | 2,379 |
| Net debt (negative = net cash) | −76 | 1,786 | 1,686 | 1,508 | 1,300 | 1,614 | 1,746 | 2,424 | 2,531 | 2,857 | 2,930 | 3,020 | 2,883 | 3,306 | 2,882 | 2,465 | 2,286 | 2,307 |
| Diluted shares | 57m | 57m | 52m | 52m | 52m | 51m | 52m | 52m | 53m | 53m | 51m | 50m | 51m | 51m | 45m | 42m | 41m | 40m |
| Returned to shareholders | ||||||||||||||||||
| Dividends | 9 | 9 | 8 | 8 | 8 | 8 | 8 | 9 | 15 | 20 | 23 | 13 | — | — | — | — | — | — |
| Buybacks | 18 | 30 | 61 | 1 | 12 | 8 | 19 | — | 20 | 54 | 78 | 20 | — | — | — | — | — | — |
| Total returned | 27 | 39 | 69 | 9 | 20 | 17 | 27 | 9 | 35 | 74 | 102 | 33 | — | — | — | — | — | — |
| Quarter | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 | 2026 Q3 Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 944 | 948 | 1,035 | 1,050 | 1,024 | 1,013 | 1,103 | 1,117 |
| EBITDA | 239 | 229 | 260 | 267 | 227 | 214 | 248 | 252 |
| Operating income | 144 | 139 | 170 | 174 | 134 | 124 | 156 | 176 |
| Net income | 97 | 101 | 120 | 116 | 91 | 102 | 101 | 120 |
| Diluted EPS | $2.33 | $2.42 | $2.91 | $2.81 | $2.21 | $2.50 | $2.54 | $3.08 |
| Growth (year on year) | ||||||||
| Revenue | +25.6% | +18.0% | +19.4% | +15.0% | +8.5% | +6.8% | +6.5% | +6.4% |
| EBITDA | +94.2% | +17.1% | +20.2% | +16.9% | −5.0% | −6.5% | −4.6% | −5.4% |
| Operating income | +421.6% | +40.1% | +42.2% | +32.5% | −6.9% | −11.3% | −8.4% | +1.1% |
| Net income | +455.9% | +66.8% | +59.1% | +29.7% | −6.4% | +1.1% | −16.3% | +2.7% |
| Diluted EPS | +482.5% | +66.9% | +59.9% | +30.1% | −5.2% | +3.3% | −12.7% | +9.6% |
| Margins | ||||||||
| EBITDA margin | 25.3% | 24.1% | 25.1% | 25.4% | 22.1% | 21.1% | 22.5% | 22.6% |
| Operating margin | 15.3% | 14.7% | 16.4% | 16.6% | 13.1% | 12.2% | 14.1% | 15.8% |
| Net margin | 10.3% | 10.6% | 11.6% | 11.1% | 8.9% | 10.0% | 9.1% | 10.7% |
| Free-cash-flow margin | 17.2% | 17.1% | 11.4% | 21.5% | 21.9% | 12.9% | 25.7% | 11.2% |
| Cash flow | ||||||||
| Cash from operations | 186 | 171 | 257 | 281 | 232 | 144 | 292 | 131 |
| Capital spending | 23 | 8 | 139 | 55 | 7 | 14 | 8 | 6 |
| Free cash flow | 163 | 163 | 118 | 225 | 224 | 130 | 284 | 125 |
| Stock-based pay | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 |
| Free cash flow after stock pay | 158 | 158 | 112 | 221 | 220 | 126 | 280 | 121 |
| Last 12 months unless stated | SKYW | ULCC | AERO | ALGT | JBLU | ALK | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $4.3bn | $4.6bn | $5.4bn | $2.9bn | $10.0bn | $14.8bn | $5.0bn |
| Revenue growth, last 12 months | 7.0% | 24.0% | −4.6% | 12.2% | 9.9% | 9.8% | 11.1% |
| Revenue growth, 3-year average | 14.1% | 8.7% | — | 4.9% | 1.0% | 12.6% | 7.6% |
| Revenue growth, latest quarter | 6.4% | 52.9% | — | 36.9% | 21.1% | 9.7% | 20.2% |
| Operating margin | 13.9% | −9.5% | 17.3% | 4.9% | −6.1% | −1.5% | 0.0% |
| Operating margin, 3-year average | 13.7% | −4.4% | — | −1.6% | −5.7% | 2.0% | −1.6% |
| Net margin | 9.7% | −8.9% | 6.6% | 0.9% | −10.0% | −1.2% | 0.1% |
| Cash from operations / revenue | 18.8% | 1.3% | 17.0% | 14.5% | −2.2% | 6.9% | 7.0% |
| Free-cash-flow margin | 17.9% | 0.0% | 10.8% | 3.6% | −11.4% | 5.0% | −0.1% |
| Free-cash-flow margin, 3-year average | 17.6% | −6.4% | — | −0.8% | −13.5% | 4.8% | −3.2% |
| Stock pay / revenue | 0.4% | 0.4% | 0.0% | 0.7% | 0.4% | 0.5% | 0.4% |
| Change in share count | −3.4% | 0.5% | — | 7.5% | 4.7% | −8.4% | −1.3% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 7.0% | 12.2% | 11 of 16 |
| Change in growth rate Growth | -2.1pp | +4.8pp | 13 of 16 |
| Operating margin Profitability | 13.9% | 1.6% | 3 of 16 |
| Net margin Profitability | 9.7% | 0.9% | 3 of 16 |
| Free-cash-flow margin Cash generation | 17.9% | 0.0% | 1 of 16 |
| Stock pay as % of revenue Cash generation | 0.4% | 0.4% | 6 of 13 |
| Long-term debt as % of assets Balance sheet | 22.9% | 26.9% | 6 of 14 |
| Change in share count Balance sheet | -3.4% | -1.3% | 5 of 10 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Sky West Airlines | $3.4B | 84.2% | ▲ 17.5% |
| Skywest Leasing | $643M | 15.8% | ▲ 3.3% |
| Line of business | Revenue | YoY |
|---|---|---|
| Flying Agreements | $3.9B | ▲ 13.8% |
| Capacity Purchase Agreements Flight Operations Revenue Non Lease Component | $2.6B | ▲ 7.3% |
| Prorate Agreements | $610M | ▲ 33.5% |
| Capacity Purchase Agreements Fixed Aircraft Lease Revenue | $441M | ▲ 45.6% |
| Capacity Purchase Agreements Variable Aircraft Lease Revenue | $243M | ▲ 2.6% |
| Lease Airport Services and Other | $173M | ▲ 50.3% |
| Lease Airport Service and Other | $173M | ▲ 50.3% |
| Airport Customer Service and Other Revenue | $74.2M | ▲ 145.8% |
These categories overlap or exclude eliminations, so shares aren't shown.
From Skywest Inc's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $683M | 6.9M | 18.9% | ▲ 2.0% |
| Vanguard Portfolio Management LLC | $295M | 3.0M | 8.2% | ▼ 0.7% |
| Dimensional Fund Advisors LP | $255M | 2.6M | 7.1% | ▲ 1.5% |
| American Century Companies Inc | $224M | 2.3M | 6.2% | ▲ 17.0% |
| FMR LLC | $174M | 1.8M | 4.8% | ▲ 0.1% |
| Vanguard Capital Management LLC | $174M | 1.8M | 4.8% | ▼ 1.1% |
| State Street Corp | $165M | 1.7M | 4.6% | ▲ 5.4% |
| Fuller & Thaler Asset Management, Inc. | $116M | 1.2M | 3.2% | ▼ 0.9% |
| Geode Capital Management, LLC | $108M | 1.1M | 3.0% | ▲ 4.3% |
| Sw Investment Management LLC | $99.3M | 1.0M | 2.7% | ▲ 11.1% |
| Goldman Sachs Group Inc | $71.6M | 721K | 2.0% | ▼ 3.4% |
| Charles Schwab Investment Management Inc | $56.8M | 571K | 1.6% | ▼ 2.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Skywest Inc's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Steel Wade J CHIEF COMMERCIAL OFFICER | August 3, 2026 | Sell | 22,000 | $111.44 | $2.5M |
| Wooley Greg EXEC VP OPERATIONS | July 30, 2026 | Sell | 17,726 | $108.55 | $1.9M |
| Simmons Robert J CHIEF FINANCIAL OFFICER | July 29, 2026 | Sell | 2,442 | $110.71 | $270,354 |
| Simmons Robert J CHIEF FINANCIAL OFFICER | July 29, 2026 | Sell | 7,570 | $112.04 | $848,143 |
| Simmons Robert J CHIEF FINANCIAL OFFICER | July 29, 2026 | Sell | 14,988 | $109.67 | $1.6M |
| Childs Russell A PRESIDENT & CEO | July 28, 2026 | Sell | 9,902 | $112.63 | $1.1M |
| Childs Russell A PRESIDENT & CEO | July 28, 2026 | Sell | 2,600 | $111.46 | $289,796 |
| Childs Russell A PRESIDENT & CEO | July 28, 2026 | Sell | 36,170 | $113.46 | $4.1M |
| Childs Russell A PRESIDENT & CEO | July 28, 2026 | Sell | 1,828 | $114.11 | $208,593 |
| Steel Wade J CHIEF COMMERCIAL OFFICER | February 24, 2026 | Sell | 20,629 | $106.53 | $2.2M |
| Steel Wade J CHIEF COMMERCIAL OFFICER | February 18, 2026 | Sell | 4,258 | $106.89 | $455,138 |
| Steel Wade J CHIEF COMMERCIAL OFFICER | February 18, 2026 | Sell | 3,113 | $108.49 | $337,729 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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