SKYWEST INC (SKYW) Fundamental Analysis & Valuation

NASDAQ:SKYW • US8308791024

90.125 USD
-1.84 (-2.01%)
Last: Mar 11, 2026, 11:51 AM

This SKYW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to SKYW. SKYW was compared to 22 industry peers in the Passenger Airlines industry. While SKYW has a great profitability rating, there are some minor concerns on its financial health. SKYW is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

8

1. SKYW Profitability Analysis

1.1 Basic Checks

  • SKYW had positive earnings in the past year.
  • SKYW had a positive operating cash flow in the past year.
  • Each year in the past 5 years SKYW has been profitable.
  • In the past 5 years SKYW always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

1.2 Ratios

  • SKYW's Return On Assets of 5.80% is amongst the best of the industry. SKYW outperforms 81.82% of its industry peers.
  • SKYW has a better Return On Equity (15.60%) than 77.27% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.13%, SKYW is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SKYW is significantly below the industry average of 20.69%.
  • The last Return On Invested Capital (8.13%) for SKYW is above the 3 year average (5.36%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.8%
ROE 15.6%
ROIC 8.13%
ROA(3y)3.6%
ROA(5y)2.67%
ROE(3y)10.21%
ROE(5y)7.73%
ROIC(3y)5.36%
ROIC(5y)N/A
SKYW Yearly ROA, ROE, ROICSKYW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 10.55%, SKYW belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SKYW has grown nicely.
  • The Operating Margin of SKYW (15.22%) is better than 86.36% of its industry peers.
  • SKYW's Operating Margin has improved in the last couple of years.
  • SKYW has a Gross Margin of 70.78%. This is amongst the best in the industry. SKYW outperforms 95.45% of its industry peers.
  • In the last couple of years the Gross Margin of SKYW has grown nicely.
Industry RankSector Rank
OM 15.22%
PM (TTM) 10.55%
GM 70.78%
OM growth 3Y36.17%
OM growth 5YN/A
PM growth 3Y63.17%
PM growth 5YN/A
GM growth 3Y0.34%
GM growth 5Y3.18%
SKYW Yearly Profit, Operating, Gross MarginsSKYW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

4

2. SKYW Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SKYW is destroying value.
  • SKYW has less shares outstanding than it did 1 year ago.
  • SKYW has less shares outstanding than it did 5 years ago.
  • SKYW has a better debt/assets ratio than last year.
SKYW Yearly Shares OutstandingSKYW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
SKYW Yearly Total Debt VS Total AssetsSKYW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • SKYW has an Altman-Z score of 1.79. This is a bad value and indicates that SKYW is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.79, SKYW is doing good in the industry, outperforming 77.27% of the companies in the same industry.
  • SKYW has a debt to FCF ratio of 8.33. This is a slightly negative value and a sign of low solvency as SKYW would need 8.33 years to pay back of all of its debts.
  • SKYW has a better Debt to FCF ratio (8.33) than 77.27% of its industry peers.
  • SKYW has a Debt/Equity ratio of 0.67. This is a neutral value indicating SKYW is somewhat dependend on debt financing.
  • SKYW has a Debt to Equity ratio of 0.67. This is in the better half of the industry: SKYW outperforms 77.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 8.33
Altman-Z 1.79
ROIC/WACC0.92
WACC8.8%
SKYW Yearly LT Debt VS Equity VS FCFSKYW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 0.65 indicates that SKYW may have some problems paying its short term obligations.
  • SKYW's Current ratio of 0.65 is fine compared to the rest of the industry. SKYW outperforms 63.64% of its industry peers.
  • A Quick Ratio of 0.55 indicates that SKYW may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.55, SKYW is in line with its industry, outperforming 59.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.55
SKYW Yearly Current Assets VS Current LiabilitesSKYW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

5

3. SKYW Growth Analysis

3.1 Past

  • SKYW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.20%, which is quite impressive.
  • The Earnings Per Share has been growing by 92.54% on average over the past years. This is a very strong growth
  • Looking at the last year, SKYW shows a quite strong growth in Revenue. The Revenue has grown by 15.03% in the last year.
  • The Revenue has been growing by 13.79% on average over the past years. This is quite good.
EPS 1Y (TTM)33.2%
EPS 3Y92.54%
EPS 5YN/A
EPS Q2Q%-5.56%
Revenue 1Y (TTM)15.03%
Revenue growth 3Y10.54%
Revenue growth 5Y13.79%
Sales Q2Q%8.48%

3.2 Future

  • SKYW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.20% yearly.
  • Based on estimates for the next years, SKYW will show a small growth in Revenue. The Revenue will grow by 4.30% on average per year.
EPS Next Y12.64%
EPS Next 2Y9.88%
EPS Next 3Y7.2%
EPS Next 5YN/A
Revenue Next Year6.94%
Revenue Next 2Y5.36%
Revenue Next 3Y4.3%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SKYW Yearly Revenue VS EstimatesSKYW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
SKYW Yearly EPS VS EstimatesSKYW Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 10

8

4. SKYW Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.71, the valuation of SKYW can be described as reasonable.
  • Based on the Price/Earnings ratio, SKYW is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.25. SKYW is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 7.73, which indicates a rather cheap valuation of SKYW.
  • SKYW's Price/Forward Earnings ratio is rather cheap when compared to the industry. SKYW is cheaper than 81.82% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.39. SKYW is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.71
Fwd PE 7.73
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SKYW indicates a rather cheap valuation: SKYW is cheaper than 95.45% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SKYW indicates a somewhat cheap valuation: SKYW is cheaper than 72.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.69
EV/EBITDA 4.31
SKYW Per share dataSKYW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

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.
  • The excellent profitability rating of SKYW may justify a higher PE ratio.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y9.88%
EPS Next 3Y7.2%

0

5. SKYW Dividend Analysis

5.1 Amount

  • No dividends for SKYW!.
Industry RankSector Rank
Dividend Yield 0%

SKYW Fundamentals: All Metrics, Ratios and Statistics

SKYWEST INC

NASDAQ:SKYW (3/11/2026, 11:51:10 AM)

90.125

-1.84 (-2.01%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners93.55%
Inst Owner Change-2.22%
Ins Owners0.83%
Ins Owner Change-1.99%
Market Cap3.64B
Revenue(TTM)4.06B
Net Income(TTM)428.33M
Analysts81.67
Price Target130.9 (45.24%)
Short Float %3.19%
Short Ratio4.57
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)5.88%
Min EPS beat(2)1.38%
Max EPS beat(2)10.37%
EPS beat(4)4
Avg EPS beat(4)11.92%
Min EPS beat(4)1.38%
Max EPS beat(4)19.75%
EPS beat(8)8
Avg EPS beat(8)13.08%
EPS beat(12)12
Avg EPS beat(12)42.11%
EPS beat(16)15
Avg EPS beat(16)174.11%
Revenue beat(2)1
Avg Revenue beat(2)0.82%
Min Revenue beat(2)-0.09%
Max Revenue beat(2)1.74%
Revenue beat(4)2
Avg Revenue beat(4)0.9%
Min Revenue beat(4)-1.48%
Max Revenue beat(4)3.42%
Revenue beat(8)5
Avg Revenue beat(8)0.83%
Revenue beat(12)6
Avg Revenue beat(12)0.31%
Revenue beat(16)8
Avg Revenue beat(16)0.33%
PT rev (1m)0%
PT rev (3m)-1.28%
EPS NQ rev (1m)-4.76%
EPS NQ rev (3m)-9.88%
EPS NY rev (1m)0.64%
EPS NY rev (3m)2.66%
Revenue NQ rev (1m)-0.49%
Revenue NQ rev (3m)-1.65%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)2.55%
Valuation
Industry RankSector Rank
PE 8.71
Fwd PE 7.73
P/S 0.9
P/FCF 12.69
P/OCF 3.87
P/B 1.33
P/tB 1.33
EV/EBITDA 4.31
EPS(TTM)10.35
EY11.48%
EPS(NY)11.66
Fwd EY12.94%
FCF(TTM)7.1
FCFY7.88%
OCF(TTM)23.27
OCFY25.82%
SpS100.43
BVpS67.96
TBVpS67.96
PEG (NY)0.69
PEG (5Y)N/A
Graham Number125.81
Profitability
Industry RankSector Rank
ROA 5.8%
ROE 15.6%
ROCE 10.8%
ROIC 8.13%
ROICexc 10.5%
ROICexgc 10.5%
OM 15.22%
PM (TTM) 10.55%
GM 70.78%
FCFM 7.07%
ROA(3y)3.6%
ROA(5y)2.67%
ROE(3y)10.21%
ROE(5y)7.73%
ROIC(3y)5.36%
ROIC(5y)N/A
ROICexc(3y)7.01%
ROICexc(5y)N/A
ROICexgc(3y)7.01%
ROICexgc(5y)N/A
ROCE(3y)7.13%
ROCE(5y)N/A
ROICexgc growth 3Y58.75%
ROICexgc growth 5YN/A
ROICexc growth 3Y58.75%
ROICexc growth 5YN/A
OM growth 3Y36.17%
OM growth 5YN/A
PM growth 3Y63.17%
PM growth 5YN/A
GM growth 3Y0.34%
GM growth 5Y3.18%
F-Score7
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 8.33
Debt/EBITDA 1.88
Cap/Depr 179.25%
Cap/Sales 16.1%
Interest Coverage 5.84
Cash Conversion 95.73%
Profit Quality 67%
Current Ratio 0.65
Quick Ratio 0.55
Altman-Z 1.79
F-Score7
WACC8.8%
ROIC/WACC0.92
Cap/Depr(3y)115.78%
Cap/Depr(5y)135.02%
Cap/Sales(3y)12.06%
Cap/Sales(5y)16.8%
Profit Quality(3y)467.59%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.2%
EPS 3Y92.54%
EPS 5YN/A
EPS Q2Q%-5.56%
EPS Next Y12.64%
EPS Next 2Y9.88%
EPS Next 3Y7.2%
EPS Next 5YN/A
Revenue 1Y (TTM)15.03%
Revenue growth 3Y10.54%
Revenue growth 5Y13.79%
Sales Q2Q%8.48%
Revenue Next Year6.94%
Revenue Next 2Y5.36%
Revenue Next 3Y4.3%
Revenue Next 5YN/A
EBIT growth 1Y24.9%
EBIT growth 3Y50.51%
EBIT growth 5YN/A
EBIT Next Year71.57%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-21.19%
FCF growth 3YN/A
FCF growth 5Y9.1%
OCF growth 1Y35.8%
OCF growth 3Y25.09%
OCF growth 5Y8.22%

SKYWEST INC / SKYW FAQ

What is the fundamental rating for SKYW stock?

ChartMill assigns a fundamental rating of 6 / 10 to SKYW.


What is the valuation status of SKYWEST INC (SKYW) stock?

ChartMill assigns a valuation rating of 8 / 10 to SKYWEST INC (SKYW). This can be considered as Undervalued.


Can you provide the profitability details for SKYWEST INC?

SKYWEST INC (SKYW) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for SKYW stock?

The Price/Earnings (PE) ratio for SKYWEST INC (SKYW) is 8.71 and the Price/Book (PB) ratio is 1.33.


Is the dividend of SKYWEST INC sustainable?

The dividend rating of SKYWEST INC (SKYW) is 0 / 10 and the dividend payout ratio is 0%.