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Stocks · Industrials · Air Transportation, Scheduled

SKYWEST INC

SKYW Clue Score58
United States Fiscal year ends December CIK 0000793733
$96.52 -0.22% Close, 9 Oct 2026
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Price $96.52 +89.48% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3,063.7Operating income−172.7Net income−161.6EPS, diluted−3.14Fiscal year 2017Revenue3,122.6 +1.9%Operating income388.2Net income428.9EPS, diluted8.08Fiscal year 2018Revenue3,221.7 +3.2%Operating income474.3Net income280.4 −34.6%EPS, diluted5.30 −34.4%Fiscal year 2019Revenue2,972.0 −7.8%Operating income512.3Net income340.1 +21.3%EPS, diluted6.62 +24.9%Fiscal year 2020Revenue2,127.1 −28.4%Operating income108.8Net income−8.5 −102.5%EPS, diluted−0.17 −102.6%Fiscal year 2021Revenue2,713.5 +27.6%Operating income275.9Net income111.9EPS, diluted2.20Fiscal year 2022Revenue3,004.9 +10.7%Operating income181.2Net income73.0 −34.8%EPS, diluted1.44 −34.5%Fiscal year 2023Revenue2,935.4 −2.3%Operating income104.1Net income34.3 −52.9%EPS, diluted0.77 −46.5%Fiscal year 2024Revenue3,527.9 +20.2%Operating income494.7Net income323.0 +840.4%EPS, diluted7.77 +909.1%Fiscal year 2025Revenue4,058.2 +15.0%Operating income617.8Net income428.3 +32.6%EPS, diluted10.35 +33.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,063.7 3,122.6 3,221.7 2,972.0 2,127.1 2,713.5 3,004.9 2,935.4 3,527.9 4,058.2
Growth +1.9% +3.2% −7.8% −28.4% +27.6% +10.7% −2.3% +20.2% +15.0%
Operating income −172.7 388.2 474.3 512.3 108.8 275.9 181.2 104.1 494.7 617.8
Net income −161.6 428.9 280.4 340.1 −8.5 111.9 73.0 34.3 323.0 428.3
Growth −34.6% +21.3% −102.5% −34.8% −52.9% +840.4% +32.6%
EPS, diluted −3.14 8.08 5.30 6.62 −0.17 2.20 1.44 0.77 7.77 10.35
Growth −34.4% +24.9% −102.6% −34.5% −46.5% +909.1% +33.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−5.6%Net margin−5.3%Free cash flow margin16.1%Fiscal year 2017Operating margin12.4%Net margin13.7%Free cash flow margin21.0%Fiscal year 2018Operating margin14.7%Net margin8.7%Free cash flow margin23.8%Fiscal year 2019Operating margin17.2%Net margin11.4%Free cash flow margin21.5%Fiscal year 2020Operating margin5.1%Net margin−0.4%Free cash flow margin29.2%Fiscal year 2021Operating margin10.2%Net margin4.1%Free cash flow margin30.0%Fiscal year 2022Operating margin6.0%Net margin2.4%Free cash flow margin15.6%Fiscal year 2023Operating margin3.5%Net margin1.2%Free cash flow margin24.6%Fiscal year 2024Operating margin14.0%Net margin9.2%Free cash flow margin18.4%Fiscal year 2025Operating margin15.2%Net margin10.6%Free cash flow margin22.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −5.6% 12.4% 14.7% 17.2% 5.1% 10.2% 6.0% 3.5% 14.0% 15.2%
Net margin −5.3% 13.7% 8.7% 11.4% −0.4% 4.1% 2.4% 1.2% 9.2% 10.6%
Free cash flow margin 16.1% 21.0% 23.8% 21.5% 29.2% 30.0% 15.6% 24.6% 18.4% 22.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow506.7Capital expenditure−14.4Free cash flow492.3Dividends paid−9.3Fiscal year 2017Operating cash flow684.1Capital expenditure−27.5Free cash flow656.7 +33.4%Buybacks−20.0Dividends paid−15.0Fiscal year 2018Operating cash flow802.5Capital expenditure−34.4Free cash flow768.1 +17.0%Buybacks−54.4Dividends paid−19.7Fiscal year 2019Operating cash flow721.0Capital expenditure−80.6Free cash flow640.4 −16.6%Buybacks−78.5Dividends paid−23.5Fiscal year 2020Operating cash flow633.6Capital expenditure−12.7Free cash flow620.9 −3.1%Buybacks−20.0Dividends paid−13.1Fiscal year 2021Operating cash flow831.8Capital expenditure−18.1Free cash flow813.7 +31.1%Fiscal year 2022Operating cash flow480.4Capital expenditure−13.0Free cash flow467.3 −42.6%Fiscal year 2023Operating cash flow736.3Capital expenditure−13.3Free cash flow723.1 +54.7%Fiscal year 2024Operating cash flow692.5Capital expenditure−44.9Free cash flow647.6 −10.4%Fiscal year 2025Operating cash flow940.4Capital expenditure−32.0Free cash flow908.3 +40.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 506.7 684.1 802.5 721.0 633.6 831.8 480.4 736.3 692.5 940.4
Capital expenditure −14.4 −27.5 −34.4 −80.6 −12.7 −18.1 −13.0 −13.3 −44.9 −32.0
Free cash flow 492.3 656.7 768.1 640.4 620.9 813.7 467.3 723.1 647.6 908.3
Growth +33.4% +17.0% −16.6% −3.1% +31.1% −42.6% +54.7% −10.4% +40.3%
Buybacks n/a −20.0 −54.4 −78.5 −20.0 n/a n/a n/a n/a n/a
Dividends paid −9.3 −15.0 −19.7 −23.5 −13.1 n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash146.8Total debt2,545.5Net cash (debt)−2,398.7Shareholders’ equity1,350.9Debt to equity1.88Fiscal year 2017Cash181.8Total debt2,687.0Net cash (debt)−2,505.2Shareholders’ equity1,754.3Debt to equity1.53Fiscal year 2018Cash328.4Total debt3,160.0Net cash (debt)−2,831.6Shareholders’ equity1,964.3Debt to equity1.61Fiscal year 2019Cash87.2Total debt2,993.1Net cash (debt)−2,905.9Shareholders’ equity2,175.0Debt to equity1.38Fiscal year 2020Cash215.7Total debt3,203.7Net cash (debt)−2,988.0Shareholders’ equity2,139.5Debt to equity1.50Fiscal year 2021Cash258.4Total debt3,109.2Net cash (debt)−2,850.8Shareholders’ equity2,267.5Debt to equity1.37Fiscal year 2022Cash103.0Total debt3,380.3Net cash (debt)−3,277.3Shareholders’ equity2,347.6Debt to equity1.44Fiscal year 2023Cash148.3Total debt3,006.1Net cash (debt)−2,857.8Shareholders’ equity2,113.5Debt to equity1.42Fiscal year 2024Cash227.4Total debt2,672.4Net cash (debt)−2,445.0Shareholders’ equity2,408.8Debt to equity1.11Fiscal year 2025Cash122.7Total debt2,392.1Net cash (debt)−2,269.4Shareholders’ equity2,746.4Debt to equity0.87
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 146.8 181.8 328.4 87.2 215.7 258.4 103.0 148.3 227.4 122.7
Total debt 2,545.5 2,687.0 3,160.0 2,993.1 3,203.7 3,109.2 3,380.3 3,006.1 2,672.4 2,392.1
Net cash (debt) −2,398.7 −2,505.2 −2,831.6 −2,905.9 −2,988.0 −2,850.8 −3,277.3 −2,857.8 −2,445.0 −2,269.4
Shareholders’ equity 1,350.9 1,754.3 1,964.3 2,175.0 2,139.5 2,267.5 2,347.6 2,113.5 2,408.8 2,746.4
Debt to equity 1.88 1.53 1.61 1.38 1.50 1.37 1.44 1.42 1.11 0.87

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
506.7 684.1 802.5 721.0 633.6 831.8 480.4 736.3 692.5 940.4
Growth +35.0% +17.3% −10.2% −12.1% +31.3% −42.3% +53.3% −6.0% +35.8%
285.0 292.8 334.6 368.1 475.0 440.2 394.6 383.1 383.9 364.5
Investment
−14.4 −27.5 −34.4 −80.6 −12.7 −18.1 −13.0 −13.3 −44.9 −32.0
calc 492.3 656.7 768.1 640.4 620.9 813.7 467.3 723.1 647.6 908.3
Growth +33.4% +17.0% −16.6% −3.1% +31.1% −42.6% +54.7% −10.4% +40.3%
calc 9.56 12.37 14.53 12.47 12.37 16.03 9.23 16.21 15.59 21.94
−1,177.1 −751.3 −983.4 −657.0 −683.5 −698.5 −904.9 −23.2 −228.6 −651.8
Financing
614.1 102.2 327.5 −305.2 178.4 −90.6 269.1 −667.8 −384.8 −393.2
−9.3 −15.0 −19.7 −23.5 −13.1 n/a n/a n/a n/a n/a
n/a −20.0 −54.4 −78.5 −20.0 n/a n/a n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.