SKYW
SKYWEST INC
Next earnings Jul 22, 2026 · consensus $2.86 EPS, $1.12B rev
Last earnings +1.2% on 2026-04-23
$99.31
▲ +1.04%$99.31▲ +1.55%
over 1Y
L $78.40EODHDH $123.72
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.0%
1W+6.7%
1M+14.6%
3M+10.8%
YTD-1.9%
1Y+1.6%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 12 analysts
Buy
Largest US regional airline compounding earnings at 33% on a 9x P/E with $940M operating cash flow — cheap and improving.
Revenue $4.06B · FY2025
The read
Quality fundamentals and an attractive price line up (~296% below fair value) — the rarer case where both the business and the entry look good.
SkyWest is firing on all cylinders and the market is paying a regional-airline multiple for what is now a high-quality cash machine. FY2025 revenue grew 15.0% to $4.06B and net income jumped 32.6% to $428M, with operating income up 24.9% to $618M — operating margin expanded to 15.2% and ROE reached 15.6%, exceptional results for a capacity-purchase airline business. Diluted EPS of $10.35 against a $96.70 share price puts the P/E at just 9.3x and P/S at 1.0x, a discount that looks unwarranted given the trajectory from $34M net income in FY2023 to $323M in FY2024 to $428M in FY2025. Operating cash flow of $940M (+35.8%) dwarfs the $32M of capex, giving the company enormous discretionary firepower.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.71B | $3.00B | $2.94B | $3.53B | $4.06B |
| Gross profit | — | — | — | — | — |
| Operating income | $276M | $181M | $104M | $495M | $618M |
| Net income | — | — | $34.3M | $323M | $428M |
| Diluted EPS | $2.20 | $1.44 | $0.77 | $7.77 | $10.35 |
| Net margin | — | — | 1.2% | 9.2% | 10.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.28B
EV / EBITDA6.4
EV / Sales1.5
EV / FCF6.9
P / FCF4.4
PEG (trailing)0.29
Earnings yield10.7%
FCF yield22.6%
Quality & risk
ROIC (est.)9.5%
Free cash flow$908M
Total debt$2.39B
Net cash-$2.27B
Piotroski F-Score6/8
Capital returns
Buyback yield0.5%
Dividend yield (est.)0.3%
Shareholder yield0.8%
Shares Δ YoY+0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-05-07
Annual meeting results: routine shareholder votes on directors/auditor.
- 10-Q Quarterly report2026-04-24
Q1 2026 10-Q: fleet growth on track with 8 new E175s + 23 CRJ550s in 2026.
- 8-K Earnings results2026-04-23
Q1 2026 earnings release; continued momentum off record FY2025 results.
- DEF 14A Proxy statement2026-03-25
2026 proxy: routine director/comp votes; no governance red flags noted.
- 10-K Annual report2026-02-17
FY25 10-K: rev $4.06B (+15%), NI $428M (+33%), LT debt down 14%, OCF $940M.
- 8-K Earnings results2026-01-29
Q4 2025 earnings: capped FY revenue +15%, net income +33%, EPS $10.35.
- 10-Q Quarterly report2025-10-31
Q3 2025 10-Q showing sustained capacity-purchase revenue strength.
- 8-K Earnings results2025-10-30
Q3 2025 earnings release reinforcing strong margin expansion trend.
- 10-Q Quarterly report2025-07-25
Q2 2025 10-Q: continued fleet utilization gains under major-carrier contracts.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-05open ↗4Period ending 2026-05-052026-05-07open ↗4Period ending 2026-05-052026-05-07open ↗4Period ending 2026-05-052026-05-07open ↗4Period ending 2026-05-052026-05-07open ↗4Period ending 2026-05-052026-05-07open ↗4Period ending 2026-05-052026-05-07open ↗8-KPeriod ending 2026-05-052026-05-07open ↗SCHEDULE 13GFiling2026-04-30open ↗SCHEDULE 13GFiling2026-04-29open ↗10-QPeriod ending 2026-03-312026-04-24open ↗8-KPeriod ending 2026-04-232026-04-23open ↗
Frequently asked
- Is SKYWEST INC (SKYW) a buy?
- SKYW currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Largest US regional airline compounding earnings at 33% on a 9x P/E with $940M operating cash flow — cheap and improving.
- What is SKYW's fair value?
- A Modified-Graham model based on SKYW's SEC fundamentals estimates a fair value of about $393.30. It is an estimate from reported earnings, not a price target.
- Is SKYW overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SKYW currently appears undervalued relative to its SEC-grounded earnings power.
- What is SKYWEST INC's quality score?
- SKYW scores 83.17647058823529/100 (grade A) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000793733, latest 10-Q filed 2026-04-24) · EODHD · analysis by claude-code · as of 6/25/2026, 1:15:43 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.