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SKYWEST INC (SKYW) Stock Fundamental Analysis

USA - NASDAQ:SKYW - US8308791024 - Common Stock

100.94 USD
+0.32 (+0.32%)
Last: 10/1/2025, 11:18:07 AM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to SKYW. SKYW was compared to 21 industry peers in the Passenger Airlines industry. SKYW has an excellent profitability rating, but there are some minor concerns on its financial health. SKYW scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, SKYW could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

SKYW had positive earnings in the past year.
SKYW had a positive operating cash flow in the past year.
SKYW had positive earnings in 4 of the past 5 years.
SKYW had a positive operating cash flow in each of the past 5 years.
SKYW Yearly Net Income VS EBIT VS OCF VS FCFSKYW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

SKYW's Return On Assets of 5.69% is amongst the best of the industry. SKYW outperforms 80.95% of its industry peers.
Looking at the Return On Equity, with a value of 15.80%, SKYW is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
SKYW has a better Return On Invested Capital (8.18%) than 71.43% of its industry peers.
SKYW had an Average Return On Invested Capital over the past 3 years of 3.59%. This is significantly below the industry average of 14.49%.
The last Return On Invested Capital (8.18%) for SKYW is above the 3 year average (3.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.69%
ROE 15.8%
ROIC 8.18%
ROA(3y)2%
ROA(5y)1.49%
ROE(3y)6.05%
ROE(5y)4.54%
ROIC(3y)3.59%
ROIC(5y)N/A
SKYW Yearly ROA, ROE, ROICSKYW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

The Profit Margin of SKYW (10.62%) is better than 90.48% of its industry peers.
SKYW's Profit Margin has declined in the last couple of years.
The Operating Margin of SKYW (15.23%) is better than 95.24% of its industry peers.
SKYW's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 73.08%, SKYW belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
SKYW's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 15.23%
PM (TTM) 10.62%
GM 73.08%
OM growth 3YN/A
OM growth 5Y-4.69%
PM growth 3Y30.45%
PM growth 5Y-4.37%
GM growth 3Y7.76%
GM growth 5Y0.68%
SKYW Yearly Profit, Operating, Gross MarginsSKYW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SKYW is destroying value.
Compared to 1 year ago, SKYW has more shares outstanding
Compared to 5 years ago, SKYW has less shares outstanding
SKYW has a better debt/assets ratio than last year.
SKYW Yearly Shares OutstandingSKYW Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
SKYW Yearly Total Debt VS Total AssetsSKYW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

An Altman-Z score of 1.82 indicates that SKYW is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SKYW (1.82) is better than 80.95% of its industry peers.
SKYW has a debt to FCF ratio of 9.85. This is a negative value and a sign of low solvency as SKYW would need 9.85 years to pay back of all of its debts.
SKYW has a Debt to FCF ratio of 9.85. This is in the better half of the industry: SKYW outperforms 66.67% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that SKYW is somewhat dependend on debt financing.
SKYW has a Debt to Equity ratio of 0.78. This is in the better half of the industry: SKYW outperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 9.85
Altman-Z 1.82
ROIC/WACC0.96
WACC8.56%
SKYW Yearly LT Debt VS Equity VS FCFSKYW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

A Current Ratio of 0.73 indicates that SKYW may have some problems paying its short term obligations.
The Current ratio of SKYW (0.73) is better than 76.19% of its industry peers.
A Quick Ratio of 0.63 indicates that SKYW may have some problems paying its short term obligations.
SKYW has a Quick ratio of 0.63. This is in the better half of the industry: SKYW outperforms 61.90% of its industry peers.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.63
SKYW Yearly Current Assets VS Current LiabilitesSKYW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

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6

3. Growth

3.1 Past

SKYW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 131.84%, which is quite impressive.
SKYW shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.42% yearly.
The Revenue has grown by 20.45% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 3.49% on average over the past years.
EPS 1Y (TTM)131.84%
EPS 3Y30.83%
EPS 5Y4.42%
EPS Q2Q%59.89%
Revenue 1Y (TTM)20.45%
Revenue growth 3Y9.14%
Revenue growth 5Y3.49%
Sales Q2Q%19.39%

3.2 Future

The Earnings Per Share is expected to grow by 16.19% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.81% on average over the next years.
EPS Next Y31.6%
EPS Next 2Y20.18%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue Next Year14.91%
Revenue Next 2Y9.96%
Revenue Next 3Y7.81%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SKYW Yearly Revenue VS EstimatesSKYW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B
SKYW Yearly EPS VS EstimatesSKYW Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 10

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7

4. Valuation

4.1 Price/Earnings Ratio

SKYW is valuated reasonably with a Price/Earnings ratio of 10.27.
Based on the Price/Earnings ratio, SKYW is valued a bit cheaper than 76.19% of the companies in the same industry.
SKYW's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.76.
A Price/Forward Earnings ratio of 8.99 indicates a reasonable valuation of SKYW.
SKYW's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SKYW is cheaper than 66.67% of the companies in the same industry.
SKYW's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.18.
Industry RankSector Rank
PE 10.27
Fwd PE 8.99
SKYW Price Earnings VS Forward Price EarningsSKYW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SKYW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SKYW is cheaper than 61.90% of the companies in the same industry.
SKYW's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 16.08
EV/EBITDA 5.32
SKYW Per share dataSKYW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

SKYW's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SKYW has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SKYW's earnings are expected to grow with 16.19% in the coming years.
PEG (NY)0.32
PEG (5Y)2.33
EPS Next 2Y20.18%
EPS Next 3Y16.19%

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0

5. Dividend

5.1 Amount

No dividends for SKYW!.
Industry RankSector Rank
Dividend Yield N/A

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SKYWEST INC

NASDAQ:SKYW (10/1/2025, 11:18:07 AM)

100.94

+0.32 (+0.32%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)07-24 2025-07-24/amc
Earnings (Next)10-23 2025-10-23/amc
Inst Owners92.54%
Inst Owner Change-1.18%
Ins Owners0.85%
Ins Owner Change-9.21%
Market Cap4.08B
Analysts81.82
Price Target134.44 (33.19%)
Short Float %2.7%
Short Ratio2.9
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.97%
Min EPS beat(2)16.19%
Max EPS beat(2)19.75%
EPS beat(4)4
Avg EPS beat(4)18.53%
Min EPS beat(4)10.29%
Max EPS beat(4)27.88%
EPS beat(8)8
Avg EPS beat(8)36.93%
EPS beat(12)11
Avg EPS beat(12)-57.69%
EPS beat(16)15
Avg EPS beat(16)226.14%
Revenue beat(2)1
Avg Revenue beat(2)0.97%
Min Revenue beat(2)-1.48%
Max Revenue beat(2)3.42%
Revenue beat(4)3
Avg Revenue beat(4)0.93%
Min Revenue beat(4)-1.48%
Max Revenue beat(4)3.42%
Revenue beat(8)4
Avg Revenue beat(8)0.19%
Revenue beat(12)5
Avg Revenue beat(12)-0.68%
Revenue beat(16)9
Avg Revenue beat(16)0.92%
PT rev (1m)0.15%
PT rev (3m)13.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.54%
EPS NY rev (1m)0%
EPS NY rev (3m)7.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.78%
Revenue NY rev (1m)0.59%
Revenue NY rev (3m)3.67%
Valuation
Industry RankSector Rank
PE 10.27
Fwd PE 8.99
P/S 1.06
P/FCF 16.08
P/OCF 5.11
P/B 1.58
P/tB 1.58
EV/EBITDA 5.32
EPS(TTM)9.83
EY9.74%
EPS(NY)11.22
Fwd EY11.12%
FCF(TTM)6.28
FCFY6.22%
OCF(TTM)19.75
OCFY19.57%
SpS95.12
BVpS63.95
TBVpS63.95
PEG (NY)0.32
PEG (5Y)2.33
Profitability
Industry RankSector Rank
ROA 5.69%
ROE 15.8%
ROCE 10.23%
ROIC 8.18%
ROICexc 9.38%
ROICexgc 9.38%
OM 15.23%
PM (TTM) 10.62%
GM 73.08%
FCFM 6.6%
ROA(3y)2%
ROA(5y)1.49%
ROE(3y)6.05%
ROE(5y)4.54%
ROIC(3y)3.59%
ROIC(5y)N/A
ROICexc(3y)4.66%
ROICexc(5y)N/A
ROICexgc(3y)4.66%
ROICexgc(5y)N/A
ROCE(3y)4.49%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y2.35%
ROICexc growth 3YN/A
ROICexc growth 5Y2.35%
OM growth 3YN/A
OM growth 5Y-4.69%
PM growth 3Y30.45%
PM growth 5Y-4.37%
GM growth 3Y7.76%
GM growth 5Y0.68%
F-Score8
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 9.85
Debt/EBITDA 2.07
Cap/Depr 141.75%
Cap/Sales 14.17%
Interest Coverage 5.41
Cash Conversion 82.32%
Profit Quality 62.13%
Current Ratio 0.73
Quick Ratio 0.63
Altman-Z 1.82
F-Score8
WACC8.56%
ROIC/WACC0.96
Cap/Depr(3y)113.69%
Cap/Depr(5y)118.03%
Cap/Sales(3y)14.27%
Cap/Sales(5y)17.79%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)131.84%
EPS 3Y30.83%
EPS 5Y4.42%
EPS Q2Q%59.89%
EPS Next Y31.6%
EPS Next 2Y20.18%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue 1Y (TTM)20.45%
Revenue growth 3Y9.14%
Revenue growth 5Y3.49%
Sales Q2Q%19.39%
Revenue Next Year14.91%
Revenue Next 2Y9.96%
Revenue Next 3Y7.81%
Revenue Next 5YN/A
EBIT growth 1Y97.6%
EBIT growth 3YN/A
EBIT growth 5Y-1.36%
EBIT Next Year110.3%
EBIT Next 3Y33.14%
EBIT Next 5YN/A
FCF growth 1Y96%
FCF growth 3Y34.28%
FCF growth 5Y125.11%
OCF growth 1Y33.35%
OCF growth 3Y-5.93%
OCF growth 5Y-0.8%