SkyWest (SKYW) Financials

$102.35 +0.83 (+0.82%)

Closing price 05/29/2025 04:00 PM Eastern

Extended Trading

$102.35 0.00 (0.00%)

As of 05/29/2025 04:50 PM Eastern

Annual Income Statements for SkyWest

This table shows SkyWest's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	323	34	73	112	-8.52	340	-	863	118
Consolidated Net Income / (Loss)	323	34	73	112	-8.52	340	-	-162	118
Net Income / (Loss) Continuing Operations	323	34	73	112	-8.52	340	-	863	118
Total Pre-Tax Income	432	40	93	151	-7.33	446	-	-249	194
Total Operating Income	495	104	181	276	109	512	-	-173	235
Total Gross Profit	1,977	1,527	1,041	802	620	1,337	-	1,858	1,774
Total Revenue	3,528	2,935	3,005	2,713	2,127	2,972	-	3,064	3,096
Operating Revenue	3,528	2,935	3,005	2,713	2,127	2,972	-	3,064	3,030
Total Cost of Revenue	1,551	1,409	1,964	1,912	1,507	1,635	-	1,205	1,321
Operating Cost of Revenue	1,551	1,409	1,964	1,912	1,507	1,635	-	1,205	1,321
Total Operating Expenses	1,482	1,423	860	526	511	825	-	1,006	1,540
Selling, General & Admin Expense	294	268	318	256	223	244	-	256	314
Depreciation Expense	384	383	395	440	475	368	-	285	265
Other Operating Expenses / (Income)	804	772	147	-170	-186	213	-	466	961
Total Other Income / (Expense), net	-63	-64	-89	-125	-116	-66	-	-76	-40
Interest Expense	114	131	127	123	123	128	-	78	76
Interest & Investment Income	48	44	18	1.11	5.88	14	-	2.14	2.00
Other Income / (Expense), net	3.87	23	21	-3.25	1.17	48	-	-0.09	34
Income Tax Expense	109	5.97	20	39	1.19	106	-	-87	77
Basic Earnings per Share	$8.02	$0.78	$1.44	$2.22	($0.17)	$6.68	-	($3.14)	$2.31
Weighted Average Basic Shares Outstanding	40.26M	43.94M	50.55M	50.35M	50.20M	50.93M	51.80M	51.51M	51.08M
Diluted Earnings per Share	$7.77	$0.77	$1.44	$2.20	($0.17)	$6.62	-	($3.14)	$2.27
Weighted Average Diluted Shares Outstanding	41.55M	44.60M	50.64M	50.75M	50.20M	51.38M	51.80M	51.51M	51.83M
Weighted Average Basic & Diluted Shares Outstanding	40.33M	40.23M	50.44M	50.52M	50.20M	50.93M	51.80M	51.51M	51M

This table shows SkyWest's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	101	97	90	76	60	18	23	15	-22	-47	48
Consolidated Net Income / (Loss)	101	97	90	76	60	18	23	15	-22	-47	48
Net Income / (Loss) Continuing Operations	101	97	90	76	60	18	23	15	-22	-47	48
Total Pre-Tax Income	121	134	116	102	80	24	24	18	-26	-62	57
Total Operating Income	139	144	131	120	100	28	49	32	-4.70	-35	76
Total Gross Profit	338	1,052	331	308	286	880	231	222	193	57	270
Total Revenue	948	944	913	867	804	752	766	726	692	681	789
Operating Revenue	948	944	913	867	804	752	766	726	692	681	789
Total Cost of Revenue	611	-108	582	560	518	-128	535	503	498	625	519
Operating Cost of Revenue	611	-108	582	560	518	-128	535	503	498	625	519
Total Operating Expenses	198	908	200	188	187	852	182	191	198	92	195
Selling, General & Admin Expense	81	75	79	72	68	63	65	74	66	98	64
Depreciation Expense	89	95	97	97	96	95	97	97	94	97	97
Other Operating Expenses / (Income)	28	739	24	19	22	694	20	19	38	-104	34
Total Other Income / (Expense), net	-19	-10	-15	-17	-19	-3.18	-25	-14	-21	-27	-19
Interest Expense	27	28	28	29	30	31	33	34	34	35	33
Interest & Investment Income	10	12	12	12	12	12	11	10	10	8.27	6.35
Other Income / (Expense), net	-1.63	5.43	0.11	-0.55	-1.13	16	-3.63	9.00	2.17	-0.11	8.11
Income Tax Expense	20	36	26	27	20	6.92	0.87	2.22	-4.05	-15	8.38
Basic Earnings per Share	$2.48	$2.41	$2.23	$1.88	$1.50	$0.32	$0.56	$0.35	($0.45)	($0.94)	$0.96
Weighted Average Basic Shares Outstanding	40.49M	40.26M	40.25M	40.18M	40.30M	43.94M	41.83M	43.84M	49.39M	50.55M	50.59M
Diluted Earnings per Share	$2.42	$2.34	$2.16	$1.82	$1.45	$0.32	$0.55	$0.35	($0.45)	($0.94)	$0.96
Weighted Average Diluted Shares Outstanding	41.60M	41.55M	41.56M	41.43M	41.49M	44.60M	42.58M	44.22M	49.39M	50.64M	50.64M
Weighted Average Basic & Diluted Shares Outstanding	40.47M	40.33M	40.33M	40.10M	40.26M	40.23M	40.94M	42.06M	44.43M	50.44M	50.60M

This table details how cash moves in and out of SkyWest's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	79	45	-155	43	129	-241	147	35	-56	71
Net Cash From Operating Activities	692	736	480	832	634	721	803	684	507	417
Net Cash From Continuing Operating Activities	692	736	480	832	634	721	803	684	507	417
Net Income / (Loss) Continuing Operations	323	34	73	112	-8.52	340	280	429	-162	118
Consolidated Net Income / (Loss)	323	34	73	112	-8.52	340	280	429	-162	118
Depreciation Expense	384	383	395	440	475	368	335	293	285	265
Non-Cash Adjustments To Reconcile Net Income	1.77	44	112	120	81	-14	13	86	472	-28
Changes in Operating Assets and Liabilities, net	-16	275	-99	160	86	27	174	-123	-89	63
Net Cash From Investing Activities	-229	-23	-905	-699	-683	-657	-983	-751	-1,177	-570
Net Cash From Continuing Investing Activities	-229	-23	-905	-699	-683	-657	-983	-751	-1,177	-570
Purchase of Property, Plant & Equipment	-311	-251	-645	-556	-438	-662	-1,097	-689	-1,153	-711
Purchase of Investments	-1,431	-1,339	-1,834	-1,518	-1,348	-1,939	-2,309	-1,534	-2,511	-1,170
Sale of Property, Plant & Equipment	5.15	16	17	7.12	3.24	26	0.00	52	3.01	10
Sale and/or Maturity of Investments	1,543	1,601	1,488	1,526	1,171	1,867	2,451	1,440	2,388	1,299
Other Investing Activities, net	-36	-49	70	-158	-71	-2.34	-29	-21	96	2.22
Net Cash From Financing Activities	-385	-668	269	-91	178	-305	327	102	614	223
Net Cash From Continuing Financing Activities	-385	-668	269	-91	178	-305	327	102	614	223
Repayment of Debt	-454	-448	-417	-542	-192	-384	-375	-334	-311	-354
Issuance of Debt	116	70	685	450	406	200	785	472	926	595
Issuance of Common Equity	2.86	2.81	2.96	3.15	2.82	6.27	5.21	4.66	8.14	9.75
Other Financing Activities, net	-50	-293	-1.15	-1.58	-6.17	-25	-14	-5.08	-	-
Cash Interest Paid	114	128	125	125	125	132	118	106	77	81
Cash Income Taxes Paid	19	14	1.17	6.59	1.78	2.49	2.66	5.01	1.21	5.10

This table details how cash moves in and out of SkyWest's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-219	556	-148	-204	-126	535	-168	-143	-179	408	-185
Net Cash From Operating Activities	171	186	184	165	158	224	179	183	150	137	128
Net Cash From Continuing Operating Activities	0.00	692	-	-	0.00	736	-	-	0.00	480	-
Net Income / (Loss) Continuing Operations	0.00	323	-	-	0.00	34	-	-	0.00	73	-
Net Cash From Investing Activities	-66	-110	-43	-75	-0.55	-84	-8.99	67	3.03	-40	-308
Net Cash From Continuing Investing Activities	-66	-110	-43	-75	-0.55	-84	-8.99	67	3.03	-40	-308
Purchase of Property, Plant & Equipment	-73	-157	-97	-19	-38	-86	-32	-31	-103	-111	-224
Purchase of Investments	-349	-219	-490	-385	-338	-357	-449	-244	-289	-76	-504
Sale of Property, Plant & Equipment	0.12	1.04	1.16	0.75	2.21	9.31	2.76	1.65	2.16	8.49	2.22
Sale and/or Maturity of Investments	352	302	525	333	383	365	503	359	373	98	415
Other Investing Activities, net	4.80	-37	17	-4.96	-11	-16	-34	-19	20	41	2.68
Net Cash From Financing Activities	-153	-27	-105	-128	-125	-117	-159	-210	-182	-32	123
Net Cash From Continuing Financing Activities	-153	-27	-105	-128	-125	-117	-159	-210	-182	-32	123
Repayment of Debt	-114	-115	-113	-115	-111	-116	-110	-114	-107	-115	-104
Repurchase of Common Equity	-14	-	-	-	-8.75	-	-	-	-100	-	-
Issuance of Common Equity	1.29	-	1.42	-	1.45	-	1.54	-	1.28	-0.00	1.44
Other Financing Activities, net	-27	-4.66	-16	-22	-6.93	-45	-51	-196	-0.59	-	-0.03
Cash Interest Paid	28	26	28	28	30	30	32	32	34	33	32
Cash Income Taxes Paid	-0.02	3.66	0.66	14	0.04	4.43	6.28	2.37	0.53	0.81	0.14

This table presents SkyWest's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,140	7,026	7,415	7,126	6,888	6,657	6,313	5,474	5,008	4,782
Total Current Assets	1,117	1,132	1,371	1,069	983	760	1,021	995	918	1,018
Cash & Equivalents	227	148	103	258	216	87	328	182	147	203
Short-Term Investments	574	687	944	602	610	433	361	504	410	287
Accounts Receivable	123	83	101	65	34	83	64	43	47	62
Inventories, net	139	127	123	104	91	111	128	120	119	140
Other Current Assets	54	87	100	39	31	36	27	27	18	18
Plant, Property, & Equipment, net	5,587	5,483	5,548	5,499	5,362	5,395	5,006	4,183	3,822	3,471
Plant, Property & Equipment, gross	9,133	8,683	8,433	8,230	7,818	7,393	6,767	5,650	5,140	5,557
Accumulated Depreciation	3,545	3,200	2,884	2,731	2,456	1,998	1,762	1,467	1,318	2,086
Total Noncurrent Assets	435	411	495	559	543	502	287	296	268	294
Other Noncurrent Operating Assets	435	411	495	559	543	502	287	296	268	283
Total Liabilities & Shareholders' Equity	7,140	7,026	7,415	7,126	6,888	6,657	6,313	5,474	5,008	4,782
Total Liabilities	4,731	4,913	5,067	4,858	4,748	4,482	4,349	3,720	3,657	3,276
Total Current Liabilities	1,430	1,254	1,173	1,195	942	925	925	821	747	748
Short-Term Debt	536	444	439	392	402	364	350	310	305	269
Accounts Payable	527	470	422	496	279	284	332	289	241	280
Current Employee Benefit Liabilities	227	195	186	151	126	134	162	154	140	138
Other Taxes Payable	23	26	20	29	26	15	16	19	16	17
Other Current Liabilities	117	119	105	127	109	127	65	49	45	44
Total Noncurrent Liabilities	3,301	3,658	3,894	3,664	3,806	3,557	3,424	2,899	2,910	2,528
Long-Term Debt	2,137	2,562	2,942	2,717	2,802	2,629	2,810	2,377	2,240	1,659
Noncurrent Deferred & Payable Income Tax Liabilities	788	688	687	663	626	624	518	419	565	750
Other Noncurrent Operating Liabilities	377	409	266	283	173	305	96	103	104	119
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,409	2,114	2,348	2,268	2,140	2,175	1,964	1,754	1,351	1,506
Total Preferred & Common Equity	2,409	2,114	2,348	2,268	2,140	2,175	1,964	1,754	1,351	1,506
Total Common Equity	2,409	2,114	2,348	2,268	2,140	2,175	1,964	1,754	1,351	1,506
Common Stock	777	754	734	722	705	687	691	673	657	642
Retained Earnings	2,594	2,271	2,237	2,164	2,052	2,079	1,777	1,517	1,104	1,275
Treasury Stock	-963	-912	-620	-619	-617	-591	-503	-435	-410	-410
Accumulated Other Comprehensive Income / (Loss)	0.17	0.33	-3.80	0.00	-	-	-0.03	-0.05	-0.07	-0.26
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table presents SkyWest's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,114	6,957	6,962	6,983	7,059	7,116	7,234	7,454
Total Current Assets	1,071	1,134	1,115	1,069	1,162	1,183	1,252	1,262
Cash & Equivalents	179	178	142	180	125	114	75	39
Short-Term Investments	572	658	693	641	694	748	861	965
Accounts Receivable	137	111	103	86	119	105	101	73
Inventories, net	140	136	134	130	127	124	122	119
Other Current Assets	43	50	44	32	97	93	93	66
Plant, Property, & Equipment, net	5,623	5,417	5,435	5,491	5,498	5,491	5,561	5,639
Plant, Property & Equipment, gross	9,254	8,878	8,804	8,775	8,620	8,531	8,519	8,572
Accumulated Depreciation	3,632	3,461	3,369	3,285	3,122	3,040	2,958	2,934
Total Noncurrent Assets	420	405	413	423	399	441	420	553
Noncurrent Note & Lease Receivables	337	320	330	337	313	-	-	361
Other Noncurrent Operating Assets	84	85	82	86	86	441	420	193
Total Liabilities & Shareholders' Equity	7,114	6,957	6,962	6,983	7,059	7,116	7,234	7,454
Total Liabilities	4,640	4,645	4,731	4,818	4,922	4,959	5,002	5,058
Total Current Liabilities	1,417	1,314	1,324	1,312	1,206	1,166	1,152	1,160
Short-Term Debt	486	497	498	507	443	442	443	429
Accounts Payable	576	460	480	481	487	457	452	381
Current Employee Benefit Liabilities	202	211	198	181	190	189	184	195
Other Taxes Payable	19	27	25	21	25	23	20	36
Other Current Liabilities	134	119	124	123	62	55	52	118
Total Noncurrent Liabilities	3,223	3,331	3,407	3,506	3,717	3,793	3,850	3,898
Long-Term Debt	2,073	2,197	2,284	2,389	2,634	2,744	2,856	2,982
Noncurrent Deferred & Payable Income Tax Liabilities	806	752	725	704	682	683	682	684
Other Noncurrent Operating Liabilities	344	382	398	413	401	366	313	232
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,474	2,311	2,231	2,165	2,137	2,157	2,232	2,396
Total Preferred & Common Equity	2,474	2,311	2,231	2,165	2,137	2,157	2,232	2,396
Total Common Equity	2,474	2,311	2,231	2,165	2,137	2,157	2,232	2,396
Common Stock	783	772	766	761	750	744	740	736
Retained Earnings	2,695	2,497	2,407	2,332	2,254	2,230	2,215	2,284
Treasury Stock	-1,004	-958	-942	-928	-867	-816	-720	-620
Accumulated Other Comprehensive Income / (Loss)	0.09	0.38	-0.51	0.15	-0.18	-0.81	-2.32	-4.57
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from SkyWest's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.18%	-2.31%	10.74%	27.57%	-28.43%	0.00%	0.00%	0.00%	-1.03%	-4.38%
EBITDA Growth	72.88%	-14.45%	-16.30%	21.86%	-36.97%	14.22%	19.24%	160.96%	-78.94%	74.54%
EBIT Growth	291.58%	-36.99%	-25.88%	147.91%	-80.36%	17.16%	22.98%	100.00%	-164.43%	488.67%
NOPAT Growth	316.95%	-37.89%	-30.36%	169.14%	-80.49%	7.53%	-37.17%	100.00%	-185.01%	717.46%
Net Income Growth	840.43%	-52.93%	-34.81%	1,414.27%	-102.50%	21.30%	-34.63%	0.00%	-237.15%	587.77%
EPS Growth	909.09%	-46.53%	-34.55%	1,394.12%	-102.57%	24.91%	-34.41%	0.00%	-238.33%	582.98%
Operating Cash Flow Growth	-5.96%	53.28%	-42.25%	31.29%	-12.13%	-10.16%	17.31%	35.02%	21.41%	43.84%
Free Cash Flow Firm Growth	-22.79%	2,343.70%	-105.25%	43,693.87%	-99.47%	156.14%	-306.10%	17.73%	-149.03%	38.00%
Invested Capital Growth	-0.11%	-8.47%	3.64%	-4.38%	1.62%	4.80%	18.07%	12.74%	13.46%	13.51%
Revenue Q/Q Growth	5.78%	2.46%	-3.09%	0.00%	0.00%	1,665.69%	0.00%	0.00%	-1.68%	-1.94%
EBITDA Q/Q Growth	13.58%	17.66%	-12.17%	9.56%	0.00%	1.19%	5.06%	0.00%	-80.00%	24.81%
EBIT Q/Q Growth	27.07%	160.80%	-25.37%	28.96%	0.00%	0.71%	6.30%	0.00%	-160.84%	64.93%
NOPAT Q/Q Growth	29.86%	206.07%	-26.63%	34.28%	0.00%	52.04%	-63.58%	0.00%	-169.41%	62.63%
Net Income Q/Q Growth	32.85%	213.42%	-41.35%	0.00%	0.00%	1.62%	-44.28%	0.00%	-208.37%	138.04%
EPS Q/Q Growth	35.13%	257.14%	-41.46%	81.82%	0.00%	2.48%	-44.21%	0.00%	-210.18%	134.02%
Operating Cash Flow Q/Q Growth	-5.27%	13.50%	-1.64%	7.77%	-7.81%	-11.19%	10.70%	6.96%	-37.96%	43.84%
Free Cash Flow Firm Q/Q Growth	-26.57%	10.71%	92.66%	52.80%	-99.04%	194.14%	-313.38%	-112.88%	-370.58%	44.13%
Invested Capital Q/Q Growth	2.66%	-2.50%	-2.55%	4.68%	6.59%	2.61%	2.35%	7.79%	1.41%	-2.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.03%	52.02%	34.64%	29.55%	29.16%	44.98%	0.00%	0.00%	60.65%	57.31%
EBITDA Margin	25.01%	17.39%	19.85%	26.27%	27.50%	31.23%	0.00%	0.00%	3.66%	17.21%
Operating Margin	14.02%	3.55%	6.03%	10.17%	5.12%	17.24%	0.00%	0.00%	-5.64%	7.58%
EBIT Margin	14.13%	4.34%	6.72%	10.05%	5.17%	18.84%	0.00%	0.00%	-5.64%	8.66%
Profit (Net Income) Margin	9.15%	1.17%	2.43%	4.12%	-0.40%	11.44%	0.00%	0.00%	-5.27%	3.81%
Tax Burden Percent	74.74%	85.20%	78.80%	74.30%	116.21%	76.20%	76.54%	0.00%	64.94%	60.63%
Interest Burden Percent	86.68%	31.66%	45.82%	55.25%	-6.66%	79.71%	76.65%	0.00%	144.01%	72.46%
Effective Tax Rate	25.27%	14.80%	21.20%	25.70%	0.00%	23.80%	23.46%	0.00%	0.00%	39.37%
Return on Invested Capital (ROIC)	8.63%	1.98%	3.10%	4.44%	1.63%	8.60%	0.00%	0.00%	-3.86%	5.15%
ROIC Less NNEP Spread (ROIC-NNEP)	6.32%	-0.43%	0.06%	0.59%	-1.72%	6.56%	0.00%	0.00%	-6.24%	3.29%
Return on Net Nonoperating Assets (RNNOA)	5.65%	-0.44%	0.06%	0.64%	-2.02%	7.84%	0.00%	0.00%	-7.45%	2.96%
Return on Equity (ROE)	14.28%	1.54%	3.16%	5.08%	-0.39%	16.43%	15.08%	0.00%	-11.31%	8.11%
Cash Return on Invested Capital (CROIC)	8.75%	10.82%	-0.47%	8.91%	0.02%	3.90%	-7.71%	-11.98%	-16.47%	-7.50%
Operating Return on Assets (OROA)	7.04%	1.76%	2.78%	3.89%	1.62%	8.63%	0.00%	0.00%	-3.53%	5.84%
Return on Assets (ROA)	4.56%	0.48%	1.00%	1.60%	-0.13%	5.24%	0.00%	0.00%	-3.30%	2.56%
Return on Common Equity (ROCE)	14.28%	1.54%	3.16%	5.08%	-0.39%	16.43%	15.08%	0.00%	-11.31%	8.11%
Return on Equity Simple (ROE_SIMPLE)	13.41%	1.62%	3.11%	4.94%	-0.40%	15.64%	14.27%	0.00%	-11.96%	7.82%
Net Operating Profit after Tax (NOPAT)	370	89	143	205	76	390	363	0.00	-121	142
NOPAT Margin	10.48%	3.02%	4.75%	7.55%	3.58%	13.13%	0.00%	0.00%	-3.95%	4.59%
Net Nonoperating Expense Percent (NNEP)	2.31%	2.41%	3.05%	3.85%	3.35%	2.03%	3.70%	0.00%	2.39%	1.86%
Return On Investment Capital (ROIC_SIMPLE)	7.28%	1.73%	2.49%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	43.97%	47.98%	65.36%	70.45%	70.84%	55.02%	0.00%	0.00%	39.35%	42.69%
SG&A Expenses to Revenue	8.34%	9.13%	10.59%	9.43%	10.47%	8.20%	0.00%	0.00%	8.34%	10.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.01%	48.47%	28.61%	19.39%	24.05%	27.74%	0.00%	0.00%	32.84%	49.74%
Earnings before Interest and Taxes (EBIT)	499	127	202	273	110	560	478	0.00	-173	268
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	882	510	597	713	585	928	812	293	112	533
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.68	1.01	0.36	0.87	0.94	1.49	1.18	1.54	1.36	0.62
Price to Tangible Book Value (P/TBV)	1.68	1.01	0.36	0.87	0.94	1.49	1.18	1.54	1.36	0.62
Price to Revenue (P/Rev)	1.14	0.73	0.28	0.73	0.95	1.09	0.00	0.00	0.60	0.30
Price to Earnings (P/E)	12.50	62.23	11.45	17.69	0.00	9.53	0.00	0.00	2.12	7.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	1.24%	0.75%	0.91%	0.62%	0.54%	0.87%
Earnings Yield	8.00%	1.61%	8.73%	5.65%	0.00%	10.49%	0.00%	0.00%	47.11%	12.66%
Enterprise Value to Invested Capital (EV/IC)	1.38	1.01	0.68	0.94	0.97	1.23	1.08	1.25	1.14	0.80
Enterprise Value to Revenue (EV/Rev)	1.67	1.47	1.05	1.56	2.16	1.92	0.00	0.00	1.24	0.76
Enterprise Value to EBITDA (EV/EBITDA)	6.70	8.44	5.31	5.93	7.87	6.16	5.90	16.04	33.98	4.43
Enterprise Value to EBIT (EV/EBIT)	11.85	33.84	15.68	15.51	41.87	10.21	10.02	0.00	0.00	8.80
Enterprise Value to NOPAT (EV/NOPAT)	15.98	48.59	22.20	20.63	60.46	14.64	13.20	0.00	0.00	16.60
Enterprise Value to Operating Cash Flow (EV/OCF)	8.53	5.85	6.60	5.08	7.27	7.93	5.97	6.87	7.53	5.66
Enterprise Value to Free Cash Flow (EV/FCFF)	15.78	8.88	0.00	10.27	4,896.62	32.23	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.11	1.42	1.44	1.37	1.59	1.38	1.61	1.53	1.88	1.28
Long-Term Debt to Equity	0.89	1.21	1.25	1.20	1.41	1.21	1.43	1.36	1.66	1.10
Financial Leverage	0.89	1.01	0.99	1.10	1.17	1.19	1.20	1.28	1.19	0.90
Leverage Ratio	3.13	3.24	3.15	3.18	3.14	3.13	3.17	3.38	3.43	3.16
Compound Leverage Factor	2.72	1.02	1.44	1.76	-0.21	2.50	2.43	0.00	4.93	2.29
Debt to Total Capital	52.59%	58.72%	59.01%	57.83%	61.44%	57.91%	61.67%	60.50%	65.33%	56.14%
Short-Term Debt to Total Capital	10.54%	8.67%	7.66%	7.29%	7.25%	7.05%	6.83%	6.97%	7.84%	7.82%
Long-Term Debt to Total Capital	42.05%	50.05%	51.36%	50.54%	54.20%	50.87%	54.83%	53.53%	57.49%	48.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	47.41%	41.28%	40.99%	42.17%	38.56%	42.09%	38.33%	39.50%	34.67%	43.86%
Debt to EBITDA	3.03	5.89	5.67	4.36	5.83	3.23	3.89	9.18	22.69	3.62
Net Debt to EBITDA	2.12	4.25	3.91	3.15	4.42	2.66	3.04	6.84	17.65	2.68
Long-Term Debt to EBITDA	2.42	5.02	4.93	3.81	5.14	2.83	3.46	8.12	19.97	3.11
Debt to NOPAT	7.23	33.90	23.68	15.17	44.77	7.67	8.71	0.00	-21.06	13.56
Net Debt to NOPAT	5.06	24.48	16.34	10.97	33.92	6.34	6.81	0.00	-16.39	10.06
Long-Term Debt to NOPAT	5.78	28.90	20.61	13.26	39.49	6.73	7.74	0.00	-18.53	11.67
Altman Z-Score	1.69	1.17	1.05	1.16	1.04	1.57	0.98	0.86	1.15	1.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.90	1.17	0.89	1.04	0.82	1.10	1.21	1.23	1.36
Quick Ratio	0.65	0.73	0.98	0.77	0.91	0.65	0.81	0.89	0.81	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	374	485	-22	412	0.94	177	-316	-425	-516	-207
Operating Cash Flow to CapEx	226.59%	312.74%	76.43%	151.63%	145.63%	113.39%	73.17%	107.46%	44.05%	59.57%
Free Cash Flow to Firm to Interest Expense	3.28	3.70	-0.17	3.35	0.01	1.39	-2.62	0.00	-6.60	-2.73
Operating Cash Flow to Interest Expense	6.06	5.62	3.78	6.76	5.14	5.64	6.67	0.00	6.48	5.50
Operating Cash Flow Less CapEx to Interest Expense	3.38	3.83	-1.17	2.30	1.61	0.67	-2.44	0.00	-8.23	-3.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.41	0.41	0.39	0.31	0.46	0.00	0.00	0.63	0.67
Accounts Receivable Turnover	34.31	32.02	36.23	54.37	36.22	40.39	0.00	0.00	56.17	42.62
Inventory Turnover	11.66	11.25	17.28	19.58	14.94	13.73	0.00	0.00	9.32	9.51
Fixed Asset Turnover	0.64	0.53	0.54	0.50	0.40	0.57	0.00	0.00	0.84	0.95
Accounts Payable Turnover	3.11	3.16	4.28	4.93	5.35	5.31	0.00	0.00	4.63	4.81
Days Sales Outstanding (DSO)	10.64	11.40	10.07	6.71	10.08	9.04	0.00	0.00	6.50	8.56
Days Inventory Outstanding (DIO)	31.31	32.43	21.12	18.64	24.43	26.58	0.00	0.00	39.18	38.36
Days Payable Outstanding (DPO)	117.36	115.61	85.33	73.99	68.21	68.80	0.00	0.00	78.89	75.95
Cash Conversion Cycle (CCC)	-75.41	-71.77	-54.13	-48.64	-33.70	-33.18	0.00	0.00	-33.21	-29.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,280	4,284	4,681	4,516	4,723	4,648	4,435	3,756	3,332	2,936
Invested Capital Turnover	0.82	0.65	0.65	0.59	0.45	0.65	0.00	0.00	0.98	1.12
Increase / (Decrease) in Invested Capital	-4.80	-396	164	-207	75	213	679	425	395	349
Enterprise Value (EV)	5,909	4,308	3,168	4,229	4,605	5,715	4,790	4,697	3,813	2,361
Market Capitalization	4,038	2,137	835	1,980	2,021	3,242	2,319	2,695	1,832	931
Book Value per Share	$59.73	$51.62	$46.40	$45.01	$42.67	$43.14	$37.15	$33.84	$26.11	$29.68
Tangible Book Value per Share	$59.73	$51.62	$46.40	$45.01	$42.67	$43.14	$37.15	$33.84	$26.11	$29.48
Total Capital	5,081	5,120	5,728	5,377	5,549	5,168	5,124	4,441	3,896	3,434
Total Debt	2,672	3,006	3,380	3,109	3,410	2,993	3,160	2,687	2,546	1,928
Total Long-Term Debt	2,137	2,562	2,942	2,717	3,007	2,629	2,810	2,377	2,240	1,659
Net Debt	1,871	2,171	2,333	2,249	2,584	2,473	2,471	2,002	1,981	1,430
Capital Expenditures (CapEx)	306	235	629	549	435	636	1,097	637	1,150	701
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-579	-514	-410	-595	-383	-320	-243	-201	-89	40
Debt-free Net Working Capital (DFNWC)	223	321	637	266	443	200	446	484	476	538
Net Working Capital (NWC)	-313	-122	199	-126	41	-164	96	174	171	270
Net Nonoperating Expense (NNE)	47	54	70	93	85	50	83	0.00	41	24
Net Nonoperating Obligations (NNO)	1,871	2,171	2,333	2,249	2,584	2,473	2,471	2,002	1,981	1,430
Total Depreciation and Amortization (D&A)	384	383	395	440	475	368	335	293	285	265
Debt-free, Cash-free Net Working Capital to Revenue	-16.40%	-17.50%	-13.64%	-21.91%	-17.99%	-10.78%	0.00%	0.00%	-2.90%	1.30%
Debt-free Net Working Capital to Revenue	6.32%	10.95%	21.21%	9.79%	20.84%	6.72%	0.00%	0.00%	15.54%	17.39%
Net Working Capital to Revenue	-8.86%	-4.17%	6.61%	-4.64%	1.93%	-5.53%	0.00%	0.00%	5.57%	8.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.02	$0.78	$1.44	$2.22	$0.00	$0.00	$5.40	$8.28	($3.14)	$2.31
Adjusted Weighted Average Basic Shares Outstanding	40.26M	43.94M	50.55M	50.35M	50.20M	50.93M	51.91M	51.80M	51.51M	51.08M
Adjusted Diluted Earnings per Share	$7.77	$0.77	$1.44	$2.20	$0.00	$0.00	$5.30	$8.08	($3.14)	$2.27
Adjusted Weighted Average Diluted Shares Outstanding	41.55M	44.60M	50.64M	50.75M	50.20M	50.93M	52.87M	53.10M	51.51M	51.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.33M	40.23M	50.44M	50.52M	50.20M	50.93M	0.00	51.78M	51.85M	51.13M
Normalized Net Operating Profit after Tax (NOPAT)	370	89	143	205	76	390	363	0.00	-121	142
Normalized NOPAT Margin	10.48%	3.02%	4.75%	7.55%	3.58%	13.13%	0.00%	0.00%	-3.95%	4.59%
Pre Tax Income Margin	12.25%	1.37%	3.08%	5.55%	-0.34%	15.02%	0.00%	0.00%	-8.12%	6.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.36	0.97	1.59	2.21	0.89	4.38	3.97	0.00	-2.21	3.54
NOPAT to Interest Expense	3.23	0.68	1.12	1.66	0.62	3.06	3.01	0.00	-1.55	1.87
EBIT Less CapEx to Interest Expense	1.69	-0.83	-3.36	-2.24	-2.64	-0.59	-5.14	0.00	-16.92	-5.70
NOPAT Less CapEx to Interest Expense	0.56	-1.12	-3.82	-2.79	-2.91	-1.92	-6.09	0.00	-16.26	-7.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-153.36%	6.90%	7.04%	0.00%	-5.73%	7.01%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-388.24%	29.97%	26.46%	0.00%	-5.73%	22.91%

This table displays calculated financial ratios and metrics derived from SkyWest's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.02%	25.62%	19.14%	19.50%	16.16%	10.35%	-2.95%	-9.19%	-5.89%	-12.34%	6.00%
EBITDA Growth	16.96%	76.13%	60.46%	56.42%	112.02%	123.66%	-21.48%	-30.24%	-41.15%	-57.16%	18.73%
EBIT Growth	40.02%	245.12%	188.09%	191.46%	3,988.46%	223.15%	-45.44%	-59.39%	-104.78%	-204.99%	94.84%
NOPAT Growth	55.13%	430.39%	113.52%	217.75%	2,372.73%	180.66%	-26.22%	-57.61%	-108.83%	-186.64%	100.89%
Net Income Growth	66.76%	455.93%	282.10%	390.16%	373.20%	137.19%	-51.46%	-71.42%	-224.46%	-1,187.35%	399.50%
EPS Growth	66.90%	631.25%	292.73%	420.00%	422.22%	134.04%	-42.71%	-67.29%	-228.57%	-1,275.00%	405.26%
Operating Cash Flow Growth	8.48%	-17.17%	2.64%	-9.58%	4.96%	64.01%	39.47%	-6.14%	632.41%	-5.54%	-31.88%
Free Cash Flow Firm Growth	-83.11%	-73.61%	-28.44%	14.32%	133.47%	320.29%	207.56%	180.86%	162.67%	-180.33%	-385.03%
Invested Capital Growth	1.02%	-0.11%	-5.13%	-6.74%	-7.74%	-8.47%	-8.52%	-6.54%	-3.92%	3.64%	11.33%
Revenue Q/Q Growth	0.43%	3.46%	5.27%	7.90%	6.89%	-1.88%	5.59%	4.89%	1.55%	-13.71%	-1.21%
EBITDA Q/Q Growth	-6.90%	6.94%	5.70%	11.15%	40.19%	-2.58%	3.04%	50.66%	47.89%	-65.80%	-8.46%
EBIT Q/Q Growth	-7.86%	13.66%	10.46%	21.06%	127.10%	-5.12%	11.74%	1,715.06%	92.81%	-142.03%	-16.83%
NOPAT Q/Q Growth	10.56%	3.48%	14.65%	18.26%	278.00%	-58.34%	70.62%	945.89%	86.58%	-138.10%	-1.97%
Net Income Q/Q Growth	3.26%	8.55%	18.70%	25.34%	244.25%	-25.39%	52.27%	169.86%	53.14%	-197.38%	-10.34%
EPS Q/Q Growth	3.42%	8.33%	18.68%	25.52%	353.13%	-41.82%	57.14%	177.78%	52.13%	-197.92%	-10.28%
Operating Cash Flow Q/Q Growth	-8.00%	1.25%	11.06%	4.86%	-29.76%	25.46%	-2.15%	21.72%	9.76%	6.69%	-34.15%
Free Cash Flow Firm Q/Q Growth	-33.82%	-66.40%	-16.28%	-9.29%	3.40%	-8.87%	33.74%	85.25%	197.56%	55.50%	-0.54%
Invested Capital Q/Q Growth	0.08%	2.66%	-0.25%	-1.43%	-1.04%	-2.50%	-1.94%	-2.49%	-1.83%	-2.55%	0.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.59%	111.40%	36.26%	35.46%	35.59%	117.01%	30.20%	30.65%	27.96%	8.31%	34.25%
EBITDA Margin	23.95%	25.84%	25.00%	24.90%	24.17%	18.43%	18.56%	19.02%	13.24%	9.09%	22.94%
Operating Margin	14.70%	15.26%	14.40%	13.80%	12.38%	3.67%	6.43%	4.39%	-0.68%	-5.15%	9.57%
EBIT Margin	14.52%	15.83%	14.41%	13.73%	12.24%	5.76%	5.96%	5.63%	-0.37%	-5.16%	10.60%
Profit (Net Income) Margin	10.60%	10.31%	9.83%	8.72%	7.50%	2.33%	3.06%	2.12%	-3.19%	-6.91%	6.13%
Tax Burden Percent	83.29%	72.88%	77.20%	73.98%	75.21%	71.68%	96.41%	87.42%	84.51%	76.37%	85.23%
Interest Burden Percent	87.64%	89.36%	88.33%	85.79%	81.50%	56.41%	53.33%	43.16%	1,032.29%	175.34%	67.82%
Effective Tax Rate	16.71%	27.12%	22.80%	26.02%	24.79%	28.32%	3.59%	12.58%	0.00%	0.00%	14.77%
Return on Invested Capital (ROIC)	10.55%	9.16%	8.66%	7.52%	6.42%	1.72%	3.86%	2.39%	-0.30%	-2.35%	5.55%
ROIC Less NNEP Spread (ROIC-NNEP)	9.75%	8.78%	8.09%	6.91%	5.77%	1.62%	2.83%	1.87%	-1.07%	-3.34%	4.83%
Return on Net Nonoperating Assets (RNNOA)	8.16%	7.85%	7.48%	6.73%	5.82%	1.64%	2.92%	1.98%	-1.15%	-3.32%	4.63%
Return on Equity (ROE)	18.71%	17.01%	16.14%	14.24%	12.25%	3.36%	6.78%	4.37%	-1.45%	-5.67%	10.18%
Cash Return on Invested Capital (CROIC)	8.62%	8.75%	11.91%	12.20%	11.80%	10.82%	9.53%	7.78%	6.11%	-0.47%	-6.46%
Operating Return on Assets (OROA)	7.57%	7.89%	6.86%	6.22%	5.25%	2.34%	2.35%	2.25%	-0.15%	-2.13%	4.57%
Return on Assets (ROA)	5.52%	5.14%	4.68%	3.95%	3.22%	0.95%	1.21%	0.85%	-1.31%	-2.86%	2.64%
Return on Common Equity (ROCE)	18.71%	17.01%	16.14%	14.24%	12.25%	3.36%	6.78%	4.37%	-1.45%	-5.67%	10.18%
Return on Equity Simple (ROE_SIMPLE)	14.68%	0.00%	10.52%	7.93%	5.39%	0.00%	-1.42%	-0.25%	1.49%	0.00%	5.19%
Net Operating Profit after Tax (NOPAT)	116	105	101	89	75	20	48	28	-3.29	-25	64
NOPAT Margin	12.24%	11.12%	11.12%	10.21%	9.31%	2.63%	6.20%	3.84%	-0.48%	-3.60%	8.16%
Net Nonoperating Expense Percent (NNEP)	0.80%	0.38%	0.57%	0.61%	0.66%	0.10%	1.03%	0.52%	0.77%	0.98%	0.72%
Return On Investment Capital (ROIC_SIMPLE)	2.31%	2.07%	-	-	-	0.39%	-	-	-	-0.43%	-
Cost of Revenue to Revenue	64.41%	-11.40%	63.74%	64.54%	64.41%	-17.01%	69.80%	69.35%	72.04%	91.69%	65.75%
SG&A Expenses to Revenue	8.53%	7.91%	8.64%	8.33%	8.52%	8.37%	8.49%	10.20%	9.56%	14.43%	8.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.89%	96.14%	21.86%	21.67%	23.21%	113.34%	23.76%	26.26%	28.64%	13.45%	24.67%
Earnings before Interest and Taxes (EBIT)	138	150	132	119	98	43	46	41	-2.53	-35	84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	227	244	228	216	194	139	142	138	92	62	181
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.42	1.68	1.48	1.48	1.31	1.01	0.83	0.84	0.50	0.36	0.34
Price to Tangible Book Value (P/TBV)	1.42	1.68	1.48	1.48	1.31	1.01	0.83	0.84	0.50	0.36	0.34
Price to Revenue (P/Rev)	0.96	1.14	1.02	1.04	0.93	0.73	0.62	0.63	0.38	0.28	0.27
Price to Earnings (P/E)	9.70	12.50	14.03	18.68	24.23	62.23	0.00	0.00	33.74	11.45	6.61
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.31%	8.00%	7.13%	5.35%	4.13%	1.61%	0.00%	0.00%	2.96%	8.73%	15.12%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.38	1.26	1.26	1.16	1.01	0.92	0.92	0.76	0.68	0.67
Enterprise Value to Revenue (EV/Rev)	1.45	1.67	1.58	1.65	1.61	1.47	1.40	1.43	1.18	1.05	1.04
Enterprise Value to EBITDA (EV/EBITDA)	5.83	6.70	6.78	7.60	8.00	8.44	9.27	8.74	6.54	5.31	4.75
Enterprise Value to EBIT (EV/EBIT)	9.91	11.85	13.42	17.14	21.48	33.84	82.38	47.59	23.75	15.68	11.93
Enterprise Value to NOPAT (EV/NOPAT)	12.98	15.98	18.50	23.18	29.57	48.59	138.83	87.25	35.21	22.20	16.60
Enterprise Value to Operating Cash Flow (EV/OCF)	7.55	8.53	7.21	7.23	6.59	5.85	6.20	6.91	5.71	6.60	6.61
Enterprise Value to Free Cash Flow (EV/FCFF)	14.52	15.78	10.33	9.94	9.41	8.88	9.18	11.45	12.15	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.03	1.11	1.17	1.25	1.34	1.42	1.44	1.48	1.48	1.44	1.42
Long-Term Debt to Equity	0.84	0.89	0.95	1.02	1.10	1.21	1.23	1.27	1.28	1.25	1.24
Financial Leverage	0.84	0.89	0.93	0.97	1.01	1.01	1.03	1.06	1.07	0.99	0.96
Leverage Ratio	3.04	3.13	3.15	3.21	3.23	3.24	3.20	3.21	3.18	3.15	3.09
Compound Leverage Factor	2.66	2.80	2.78	2.75	2.64	1.83	1.71	1.39	32.83	5.52	2.10
Debt to Total Capital	50.85%	52.59%	53.81%	55.49%	57.22%	58.72%	59.02%	59.63%	59.64%	59.01%	58.74%
Short-Term Debt to Total Capital	9.66%	10.54%	9.93%	9.93%	10.01%	8.67%	8.50%	8.28%	8.02%	7.66%	7.39%
Long-Term Debt to Total Capital	41.19%	42.05%	43.89%	45.57%	47.21%	50.05%	50.52%	51.35%	51.63%	51.36%	51.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.15%	47.41%	46.19%	44.51%	42.78%	41.28%	40.98%	40.37%	40.36%	40.99%	41.26%
Debt to EBITDA	2.80	3.03	3.47	4.03	4.72	5.89	7.09	6.74	6.19	5.67	5.02
Net Debt to EBITDA	1.98	2.12	2.39	2.82	3.38	4.25	5.20	4.92	4.44	3.91	3.54
Long-Term Debt to EBITDA	2.27	2.42	2.83	3.31	3.90	5.02	6.07	5.80	5.36	4.93	4.39
Debt to NOPAT	6.23	7.23	9.46	12.28	17.46	33.90	106.22	67.26	33.36	23.68	17.53
Net Debt to NOPAT	4.40	5.06	6.52	8.60	12.51	24.48	77.93	49.05	23.90	16.34	12.37
Long-Term Debt to NOPAT	5.05	5.78	7.72	10.08	14.41	28.90	90.92	57.93	28.88	20.61	15.33
Altman Z-Score	1.51	1.53	1.45	1.38	1.26	1.13	1.08	1.09	0.99	0.94	1.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.78	0.86	0.84	0.81	0.90	0.96	1.01	1.09	1.17	1.09
Quick Ratio	0.63	0.65	0.72	0.71	0.69	0.73	0.78	0.83	0.90	0.98	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	73	110	327	390	430	416	457	341	184	-189	-425
Operating Cash Flow to CapEx	233.66%	119.05%	192.47%	893.98%	443.29%	293.59%	617.86%	631.68%	148.55%	132.91%	57.96%
Free Cash Flow to Firm to Interest Expense	2.68	3.96	11.75	13.48	14.43	13.40	14.03	10.13	5.48	-5.43	-12.76
Operating Cash Flow to Interest Expense	6.31	6.70	6.60	5.71	5.29	7.23	5.50	5.42	4.47	3.94	3.85
Operating Cash Flow Less CapEx to Interest Expense	3.61	1.07	3.17	5.07	4.09	4.77	4.61	4.56	1.46	0.97	-2.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.50	0.48	0.45	0.43	0.41	0.39	0.40	0.41	0.41	0.43
Accounts Receivable Turnover	32.93	34.31	29.00	30.74	32.60	32.02	29.89	31.97	35.03	36.23	48.02
Inventory Turnover	12.18	11.66	16.73	16.73	16.66	11.25	17.58	17.97	18.39	17.28	17.01
Fixed Asset Turnover	0.66	0.64	0.61	0.58	0.55	0.53	0.51	0.52	0.53	0.54	0.57
Accounts Payable Turnover	3.11	3.11	4.66	4.61	4.50	3.16	4.98	4.79	4.94	4.28	4.57
Days Sales Outstanding (DSO)	11.08	10.64	12.59	11.87	11.19	11.40	12.21	11.42	10.42	10.07	7.60
Days Inventory Outstanding (DIO)	29.96	31.31	21.82	21.82	21.91	32.43	20.76	20.31	19.85	21.12	21.45
Days Payable Outstanding (DPO)	117.26	117.36	78.40	79.25	81.03	115.61	73.31	76.15	73.85	85.33	79.84
Cash Conversion Cycle (CCC)	-76.21	-75.41	-43.99	-45.56	-47.92	-71.77	-40.34	-44.43	-43.59	-54.13	-50.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,283	4,280	4,169	4,179	4,240	4,284	4,394	4,481	4,595	4,681	4,803
Invested Capital Turnover	0.86	0.82	0.78	0.74	0.69	0.65	0.62	0.62	0.63	0.65	0.68
Increase / (Decrease) in Invested Capital	43	-4.80	-225	-302	-355	-396	-409	-314	-188	164	489
Enterprise Value (EV)	5,332	5,909	5,267	5,252	4,903	4,308	4,022	4,133	3,481	3,168	3,230
Market Capitalization	3,524	4,038	3,410	3,304	2,828	2,137	1,764	1,809	1,118	835	823
Book Value per Share	$61.35	$59.73	$57.64	$55.42	$53.72	$51.62	$50.80	$48.55	$44.25	$46.40	$47.36
Tangible Book Value per Share	$61.35	$59.73	$57.64	$55.42	$53.72	$51.62	$50.80	$48.55	$44.25	$46.40	$47.36
Total Capital	5,034	5,081	5,005	5,013	5,061	5,120	5,214	5,343	5,531	5,728	5,807
Total Debt	2,560	2,672	2,693	2,782	2,896	3,006	3,077	3,186	3,299	3,380	3,411
Total Long-Term Debt	2,073	2,137	2,197	2,284	2,389	2,562	2,634	2,744	2,856	2,942	2,982
Net Debt	1,809	1,871	1,857	1,948	2,075	2,171	2,257	2,324	2,363	2,333	2,407
Capital Expenditures (CapEx)	73	156	95	18	36	76	29	29	101	103	221
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-611	-579	-519	-545	-557	-514	-420	-403	-393	-410	-472
Debt-free Net Working Capital (DFNWC)	140	223	317	289	264	321	400	459	543	637	532
Net Working Capital (NWC)	-346	-313	-180	-209	-243	-122	-44	17	100	199	102
Net Nonoperating Expense (NNE)	16	7.63	12	13	15	2.28	24	12	19	23	16
Net Nonoperating Obligations (NNO)	1,809	1,871	1,857	1,948	2,075	2,171	2,257	2,324	2,363	2,333	2,407
Total Depreciation and Amortization (D&A)	89	95	97	97	96	95	97	97	94	97	97
Debt-free, Cash-free Net Working Capital to Revenue	-16.62%	-16.40%	-15.57%	-17.10%	-18.30%	-17.50%	-14.66%	-13.96%	-13.26%	-13.64%	-15.24%
Debt-free Net Working Capital to Revenue	3.82%	6.32%	9.50%	9.06%	8.65%	10.95%	13.95%	15.90%	18.34%	21.21%	17.15%
Net Working Capital to Revenue	-9.42%	-8.86%	-5.40%	-6.55%	-7.97%	-4.17%	-1.52%	0.59%	3.37%	6.61%	3.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.48	$2.41	$2.23	$1.88	$1.50	$0.32	$0.56	$0.35	($0.45)	($0.94)	$0.96
Adjusted Weighted Average Basic Shares Outstanding	40.49M	40.26M	40.25M	40.18M	40.30M	43.94M	41.83M	43.84M	49.39M	50.55M	50.59M
Adjusted Diluted Earnings per Share	$2.42	$2.34	$2.16	$1.82	$1.45	$0.32	$0.55	$0.35	($0.45)	($0.94)	$0.96
Adjusted Weighted Average Diluted Shares Outstanding	41.60M	41.55M	41.56M	41.43M	41.49M	44.60M	42.58M	44.22M	49.39M	50.64M	50.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.47M	40.33M	40.33M	40.10M	40.26M	40.23M	40.94M	42.06M	44.43M	50.44M	50.60M
Normalized Net Operating Profit after Tax (NOPAT)	116	105	101	89	75	20	48	28	-3.29	-25	64
Normalized NOPAT Margin	12.24%	11.12%	11.12%	10.21%	9.31%	2.63%	6.20%	3.84%	-0.48%	-3.60%	8.16%
Pre Tax Income Margin	12.73%	14.15%	12.73%	11.78%	9.98%	3.25%	3.18%	2.43%	-3.78%	-9.05%	7.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.08	5.39	4.73	4.11	3.30	1.40	1.40	1.21	-0.08	-1.01	2.51
NOPAT to Interest Expense	4.28	3.79	3.65	3.06	2.51	0.64	1.46	0.83	-0.10	-0.71	1.94
EBIT Less CapEx to Interest Expense	2.38	-0.24	1.30	3.47	2.11	-1.07	0.51	0.35	-3.08	-3.97	-4.13
NOPAT Less CapEx to Interest Expense	1.58	-1.84	0.22	2.42	1.32	-1.82	0.57	-0.03	-3.11	-3.67	-4.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About SkyWest's Financials

When does SkyWest's fiscal year end?

According to the most recent income statement we have on file, SkyWest's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has SkyWest's net income changed over the last 8 years?

SkyWest's net income appears to be on an upward trend, with a most recent value of $322.96 million in 2024, rising from $117.82 million in 2015. The previous period was $34.34 million in 2023. See SkyWest's forecast for analyst expectations on what’s next for the company.

What is SkyWest's operating income?

SkyWest's total operating income in 2024 was $494.66 million, based on the following breakdown:

Total Gross Profit: $1.98 billion
Total Operating Expenses: $1.48 billion

How has SkyWest revenue changed over the last 8 years?

Over the last 8 years, SkyWest's total revenue changed from $3.10 billion in 2015 to $3.53 billion in 2024, a change of 14.0%.

How much debt does SkyWest have?

SkyWest's total liabilities were at $4.73 billion at the end of 2024, a 3.7% decrease from 2023, and a 44.4% increase since 2015.

How much cash does SkyWest have?

In the past 9 years, SkyWest's cash and equivalents has ranged from $87.21 million in 2019 to $328.38 million in 2018, and is currently $227.36 million as of their latest financial filing in 2024.

How has SkyWest's book value per share changed over the last 9 years?

Over the last 9 years, SkyWest's book value per share changed from 29.68 in 2015 to 59.73 in 2024, a change of 101.2%.

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This page (NASDAQ:SKYW) was last updated on 5/30/2025 by MarketBeat.com Staff

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SkyWest (SKYW) Financials

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SkyWest (SKYW) Financials

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