SkyWest (SKYW) Financials

$94.07 -0.32 (-0.34%)

Closing price 04:00 PM Eastern

Extended Trading

$94.08 +0.01 (+0.01%)

As of 07:54 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	2015	2016	2017	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	118	863	-	340	-8.52	112	73	34	323
Consolidated Net Income / (Loss)	118	-162	-	340	-8.52	112	73	34	323
Net Income / (Loss) Continuing Operations	118	863	-	340	-8.52	112	73	34	323
Total Pre-Tax Income	194	-249	-	446	-7.33	151	93	40	432
Total Operating Income	235	-173	-	512	109	276	181	104	495
Total Gross Profit	1,774	1,858	-	1,337	620	802	1,041	1,527	1,977
Total Revenue	3,096	3,064	-	2,972	2,127	2,713	3,005	2,935	3,528
Operating Revenue	3,030	3,064	-	2,972	2,127	2,713	3,005	2,935	3,528
Total Cost of Revenue	1,321	1,205	-	1,635	1,507	1,912	1,964	1,409	1,551
Operating Cost of Revenue	1,321	1,205	-	1,635	1,507	1,912	1,964	1,409	1,551
Total Operating Expenses	1,540	1,006	-	825	511	526	860	1,423	1,482
Selling, General & Admin Expense	314	256	-	244	223	256	318	268	294
Depreciation Expense	265	285	-	368	475	440	395	383	384
Other Operating Expenses / (Income)	961	466	-	213	-186	-170	147	772	804
Total Other Income / (Expense), net	-40	-76	-	-66	-116	-125	-89	-64	-63
Interest Expense	76	78	-	128	123	123	127	131	114
Interest & Investment Income	2.00	2.14	-	14	5.88	1.11	18	44	48
Other Income / (Expense), net	34	-0.09	-	48	1.17	-3.25	21	23	3.87
Income Tax Expense	77	-87	-	106	1.19	39	20	5.97	109
Basic Earnings per Share	$2.31	($3.14)	-	$6.68	($0.17)	$2.22	$1.44	$0.78	$8.02
Weighted Average Basic Shares Outstanding	51.08M	51.51M	51.80M	50.93M	50.20M	50.35M	50.55M	43.94M	40.26M
Diluted Earnings per Share	$2.27	($3.14)	-	$6.62	($0.17)	$2.20	$1.44	$0.77	$7.77
Weighted Average Diluted Shares Outstanding	51.83M	51.51M	51.80M	51.38M	50.20M	50.75M	50.64M	44.60M	41.55M
Weighted Average Basic & Diluted Shares Outstanding	51M	51.51M	51.80M	50.93M	50.20M	50.52M	50.44M	40.23M	40.33M

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

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

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

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

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,782	5,008	5,474	6,313	6,657	6,888	7,126	7,415	7,026	7,140
Total Current Assets	1,018	918	995	1,021	760	983	1,069	1,371	1,132	1,117
Cash & Equivalents	203	147	182	328	87	216	258	103	148	227
Short-Term Investments	287	410	504	361	433	610	602	944	687	574
Accounts Receivable	62	47	43	64	83	34	65	101	83	123
Inventories, net	140	119	120	128	111	91	104	123	127	139
Other Current Assets	18	18	27	27	36	31	39	100	87	54
Plant, Property, & Equipment, net	3,471	3,822	4,183	5,006	5,395	5,362	5,499	5,548	5,483	5,587
Plant, Property & Equipment, gross	5,557	5,140	5,650	6,767	7,393	7,818	8,230	8,433	8,683	9,133
Accumulated Depreciation	2,086	1,318	1,467	1,762	1,998	2,456	2,731	2,884	3,200	3,545
Total Noncurrent Assets	294	268	296	287	502	543	559	495	411	435
Other Noncurrent Operating Assets	283	268	296	287	502	543	559	495	411	435
Total Liabilities & Shareholders' Equity	4,782	5,008	5,474	6,313	6,657	6,888	7,126	7,415	7,026	7,140
Total Liabilities	3,276	3,657	3,720	4,349	4,482	4,748	4,858	5,067	4,913	4,731
Total Current Liabilities	748	747	821	925	925	942	1,195	1,173	1,254	1,430
Short-Term Debt	269	305	310	350	364	402	392	439	444	536
Accounts Payable	280	241	289	332	284	279	496	422	470	527
Current Employee Benefit Liabilities	138	140	154	162	134	126	151	186	195	227
Other Taxes Payable	17	16	19	16	15	26	29	20	26	23
Other Current Liabilities	44	45	49	65	127	109	127	105	119	117
Total Noncurrent Liabilities	2,528	2,910	2,899	3,424	3,557	3,806	3,664	3,894	3,658	3,301
Long-Term Debt	1,659	2,240	2,377	2,810	2,629	2,802	2,717	2,942	2,562	2,137
Noncurrent Deferred & Payable Income Tax Liabilities	750	565	419	518	624	626	663	687	688	788
Other Noncurrent Operating Liabilities	119	104	103	96	305	173	283	266	409	377
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	1,506	1,351	1,754	1,964	2,175	2,140	2,268	2,348	2,114	2,409
Total Preferred & Common Equity	1,506	1,351	1,754	1,964	2,175	2,140	2,268	2,348	2,114	2,409
Total Common Equity	1,506	1,351	1,754	1,964	2,175	2,140	2,268	2,348	2,114	2,409
Common Stock	642	657	673	691	687	705	722	734	754	777
Retained Earnings	1,275	1,104	1,517	1,777	2,079	2,052	2,164	2,237	2,271	2,594
Treasury Stock	-410	-410	-435	-503	-591	-617	-619	-620	-912	-963
Accumulated Other Comprehensive Income / (Loss)	-0.26	-0.07	-0.05	-0.03	-	-	0.00	-3.80	0.33	0.17
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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	7,454	7,234	7,116	7,059	6,983	6,962	6,957	7,114
Total Current Assets	1,262	1,252	1,183	1,162	1,069	1,115	1,134	1,071
Cash & Equivalents	39	75	114	125	180	142	178	179
Short-Term Investments	965	861	748	694	641	693	658	572
Accounts Receivable	73	101	105	119	86	103	111	137
Inventories, net	119	122	124	127	130	134	136	140
Other Current Assets	66	93	93	97	32	44	50	43
Plant, Property, & Equipment, net	5,639	5,561	5,491	5,498	5,491	5,435	5,417	5,623
Plant, Property & Equipment, gross	8,572	8,519	8,531	8,620	8,775	8,804	8,878	9,254
Accumulated Depreciation	2,934	2,958	3,040	3,122	3,285	3,369	3,461	3,632
Total Noncurrent Assets	553	420	441	399	423	413	405	420
Noncurrent Note & Lease Receivables	361	-	-	313	337	330	320	337
Other Noncurrent Operating Assets	193	420	441	86	86	82	85	84
Total Liabilities & Shareholders' Equity	7,454	7,234	7,116	7,059	6,983	6,962	6,957	7,114
Total Liabilities	5,058	5,002	4,959	4,922	4,818	4,731	4,645	4,640
Total Current Liabilities	1,160	1,152	1,166	1,206	1,312	1,324	1,314	1,417
Short-Term Debt	429	443	442	443	507	498	497	486
Accounts Payable	381	452	457	487	481	480	460	576
Current Employee Benefit Liabilities	195	184	189	190	181	198	211	202
Other Taxes Payable	36	20	23	25	21	25	27	19
Other Current Liabilities	118	52	55	62	123	124	119	134
Total Noncurrent Liabilities	3,898	3,850	3,793	3,717	3,506	3,407	3,331	3,223
Long-Term Debt	2,982	2,856	2,744	2,634	2,389	2,284	2,197	2,073
Noncurrent Deferred & Payable Income Tax Liabilities	684	682	683	682	704	725	752	806
Other Noncurrent Operating Liabilities	232	313	366	401	413	398	382	344
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,396	2,232	2,157	2,137	2,165	2,231	2,311	2,474
Total Preferred & Common Equity	2,396	2,232	2,157	2,137	2,165	2,231	2,311	2,474
Total Common Equity	2,396	2,232	2,157	2,137	2,165	2,231	2,311	2,474
Common Stock	736	740	744	750	761	766	772	783
Retained Earnings	2,284	2,215	2,230	2,254	2,332	2,407	2,497	2,695
Treasury Stock	-620	-720	-816	-867	-928	-942	-958	-1,004
Accumulated Other Comprehensive Income / (Loss)	-4.57	-2.32	-0.81	-0.18	0.15	-0.51	0.38	0.09
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.38%	-1.03%	0.00%	0.00%	0.00%	-28.43%	27.57%	10.74%	-2.31%	20.18%
EBITDA Growth	74.54%	-78.94%	160.96%	19.24%	14.22%	-36.97%	21.86%	-16.30%	-14.45%	72.88%
EBIT Growth	488.67%	-164.43%	100.00%	22.98%	17.16%	-80.36%	147.91%	-25.88%	-36.99%	291.58%
NOPAT Growth	717.46%	-185.01%	100.00%	-37.17%	7.53%	-80.49%	169.14%	-30.36%	-37.89%	316.95%
Net Income Growth	587.77%	-237.15%	0.00%	-34.63%	21.30%	-102.50%	1,414.27%	-34.81%	-52.93%	840.43%
EPS Growth	582.98%	-238.33%	0.00%	-34.41%	24.91%	-102.57%	1,394.12%	-34.55%	-46.53%	909.09%
Operating Cash Flow Growth	43.84%	21.41%	35.02%	17.31%	-10.16%	-12.13%	31.29%	-42.25%	53.28%	-5.96%
Free Cash Flow Firm Growth	38.00%	-149.03%	17.73%	-306.10%	156.14%	-99.47%	43,693.87%	-105.25%	2,343.70%	-22.79%
Invested Capital Growth	13.51%	13.46%	12.74%	18.07%	4.80%	1.62%	-4.38%	3.64%	-8.47%	-0.11%
Revenue Q/Q Growth	-1.94%	-1.68%	0.00%	0.00%	1,665.69%	0.00%	0.00%	-3.09%	2.46%	5.78%
EBITDA Q/Q Growth	24.81%	-80.00%	0.00%	5.06%	1.19%	0.00%	9.56%	-12.17%	17.66%	13.58%
EBIT Q/Q Growth	64.93%	-160.84%	0.00%	6.30%	0.71%	0.00%	28.96%	-25.37%	160.80%	27.07%
NOPAT Q/Q Growth	62.63%	-169.41%	0.00%	-63.58%	52.04%	0.00%	34.28%	-26.63%	206.07%	29.86%
Net Income Q/Q Growth	138.04%	-208.37%	0.00%	-44.28%	1.62%	0.00%	0.00%	-41.35%	213.42%	32.85%
EPS Q/Q Growth	134.02%	-210.18%	0.00%	-44.21%	2.48%	0.00%	81.82%	-41.46%	257.14%	35.13%
Operating Cash Flow Q/Q Growth	43.84%	-37.96%	6.96%	10.70%	-11.19%	-7.81%	7.77%	-1.64%	13.50%	-5.27%
Free Cash Flow Firm Q/Q Growth	44.13%	-370.58%	-112.88%	-313.38%	194.14%	-99.04%	52.80%	92.66%	10.71%	-26.57%
Invested Capital Q/Q Growth	-2.16%	1.41%	7.79%	2.35%	2.61%	6.59%	4.68%	-2.55%	-2.50%	2.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.31%	60.65%	0.00%	0.00%	44.98%	29.16%	29.55%	34.64%	52.02%	56.03%
EBITDA Margin	17.21%	3.66%	0.00%	0.00%	31.23%	27.50%	26.27%	19.85%	17.39%	25.01%
Operating Margin	7.58%	-5.64%	0.00%	0.00%	17.24%	5.12%	10.17%	6.03%	3.55%	14.02%
EBIT Margin	8.66%	-5.64%	0.00%	0.00%	18.84%	5.17%	10.05%	6.72%	4.34%	14.13%
Profit (Net Income) Margin	3.81%	-5.27%	0.00%	0.00%	11.44%	-0.40%	4.12%	2.43%	1.17%	9.15%
Tax Burden Percent	60.63%	64.94%	0.00%	76.54%	76.20%	116.21%	74.30%	78.80%	85.20%	74.74%
Interest Burden Percent	72.46%	144.01%	0.00%	76.65%	79.71%	-6.66%	55.25%	45.82%	31.66%	86.68%
Effective Tax Rate	39.37%	0.00%	0.00%	23.46%	23.80%	0.00%	25.70%	21.20%	14.80%	25.27%
Return on Invested Capital (ROIC)	5.15%	-3.86%	0.00%	0.00%	8.60%	1.63%	4.44%	3.10%	1.98%	8.63%
ROIC Less NNEP Spread (ROIC-NNEP)	3.29%	-6.24%	0.00%	0.00%	6.56%	-1.72%	0.59%	0.06%	-0.43%	6.32%
Return on Net Nonoperating Assets (RNNOA)	2.96%	-7.45%	0.00%	0.00%	7.84%	-2.02%	0.64%	0.06%	-0.44%	5.65%
Return on Equity (ROE)	8.11%	-11.31%	0.00%	15.08%	16.43%	-0.39%	5.08%	3.16%	1.54%	14.28%
Cash Return on Invested Capital (CROIC)	-7.50%	-16.47%	-11.98%	-7.71%	3.90%	0.02%	8.91%	-0.47%	10.82%	8.75%
Operating Return on Assets (OROA)	5.84%	-3.53%	0.00%	0.00%	8.63%	1.62%	3.89%	2.78%	1.76%	7.04%
Return on Assets (ROA)	2.56%	-3.30%	0.00%	0.00%	5.24%	-0.13%	1.60%	1.00%	0.48%	4.56%
Return on Common Equity (ROCE)	8.11%	-11.31%	0.00%	15.08%	16.43%	-0.39%	5.08%	3.16%	1.54%	14.28%
Return on Equity Simple (ROE_SIMPLE)	7.82%	-11.96%	0.00%	14.27%	15.64%	-0.40%	4.94%	3.11%	1.62%	13.41%
Net Operating Profit after Tax (NOPAT)	142	-121	0.00	363	390	76	205	143	89	370
NOPAT Margin	4.59%	-3.95%	0.00%	0.00%	13.13%	3.58%	7.55%	4.75%	3.02%	10.48%
Net Nonoperating Expense Percent (NNEP)	1.86%	2.39%	0.00%	3.70%	2.03%	3.35%	3.85%	3.05%	2.41%	2.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.49%	1.73%	7.28%
Cost of Revenue to Revenue	42.69%	39.35%	0.00%	0.00%	55.02%	70.84%	70.45%	65.36%	47.98%	43.97%
SG&A Expenses to Revenue	10.14%	8.34%	0.00%	0.00%	8.20%	10.47%	9.43%	10.59%	9.13%	8.34%
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	49.74%	32.84%	0.00%	0.00%	27.74%	24.05%	19.39%	28.61%	48.47%	42.01%
Earnings before Interest and Taxes (EBIT)	268	-173	0.00	478	560	110	273	202	127	499
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	533	112	293	812	928	585	713	597	510	882
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.62	1.36	1.54	1.18	1.49	0.94	0.87	0.36	1.01	1.68
Price to Tangible Book Value (P/TBV)	0.62	1.36	1.54	1.18	1.49	0.94	0.87	0.36	1.01	1.68
Price to Revenue (P/Rev)	0.30	0.60	0.00	0.00	1.09	0.95	0.73	0.28	0.73	1.14
Price to Earnings (P/E)	7.90	2.12	0.00	0.00	9.53	0.00	17.69	11.45	62.23	12.50
Dividend Yield	0.87%	0.54%	0.62%	0.91%	0.75%	1.24%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	12.66%	47.11%	0.00%	0.00%	10.49%	0.00%	5.65%	8.73%	1.61%	8.00%
Enterprise Value to Invested Capital (EV/IC)	0.80	1.14	1.25	1.08	1.23	0.97	0.94	0.68	1.01	1.38
Enterprise Value to Revenue (EV/Rev)	0.76	1.24	0.00	0.00	1.92	2.16	1.56	1.05	1.47	1.67
Enterprise Value to EBITDA (EV/EBITDA)	4.43	33.98	16.04	5.90	6.16	7.87	5.93	5.31	8.44	6.70
Enterprise Value to EBIT (EV/EBIT)	8.80	0.00	0.00	10.02	10.21	41.87	15.51	15.68	33.84	11.85
Enterprise Value to NOPAT (EV/NOPAT)	16.60	0.00	0.00	13.20	14.64	60.46	20.63	22.20	48.59	15.98
Enterprise Value to Operating Cash Flow (EV/OCF)	5.66	7.53	6.87	5.97	7.93	7.27	5.08	6.60	5.85	8.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	32.23	4,896.62	10.27	0.00	8.88	15.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.28	1.88	1.53	1.61	1.38	1.59	1.37	1.44	1.42	1.11
Long-Term Debt to Equity	1.10	1.66	1.36	1.43	1.21	1.41	1.20	1.25	1.21	0.89
Financial Leverage	0.90	1.19	1.28	1.20	1.19	1.17	1.10	0.99	1.01	0.89
Leverage Ratio	3.16	3.43	3.38	3.17	3.13	3.14	3.18	3.15	3.24	3.13
Compound Leverage Factor	2.29	4.93	0.00	2.43	2.50	-0.21	1.76	1.44	1.02	2.72
Debt to Total Capital	56.14%	65.33%	60.50%	61.67%	57.91%	61.44%	57.83%	59.01%	58.72%	52.59%
Short-Term Debt to Total Capital	7.82%	7.84%	6.97%	6.83%	7.05%	7.25%	7.29%	7.66%	8.67%	10.54%
Long-Term Debt to Total Capital	48.31%	57.49%	53.53%	54.83%	50.87%	54.20%	50.54%	51.36%	50.05%	42.05%
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	43.86%	34.67%	39.50%	38.33%	42.09%	38.56%	42.17%	40.99%	41.28%	47.41%
Debt to EBITDA	3.62	22.69	9.18	3.89	3.23	5.83	4.36	5.67	5.89	3.03
Net Debt to EBITDA	2.68	17.65	6.84	3.04	2.66	4.42	3.15	3.91	4.25	2.12
Long-Term Debt to EBITDA	3.11	19.97	8.12	3.46	2.83	5.14	3.81	4.93	5.02	2.42
Debt to NOPAT	13.56	-21.06	0.00	8.71	7.67	44.77	15.17	23.68	33.90	7.23
Net Debt to NOPAT	10.06	-16.39	0.00	6.81	6.34	33.92	10.97	16.34	24.48	5.06
Long-Term Debt to NOPAT	11.67	-18.53	0.00	7.74	6.73	39.49	13.26	20.61	28.90	5.78
Altman Z-Score	1.44	1.15	0.86	0.98	1.57	1.04	1.16	1.05	1.17	1.69
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	1.36	1.23	1.21	1.10	0.82	1.04	0.89	1.17	0.90	0.78
Quick Ratio	0.74	0.81	0.89	0.81	0.65	0.91	0.77	0.98	0.73	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-207	-516	-425	-316	177	0.94	412	-22	485	374
Operating Cash Flow to CapEx	59.57%	44.05%	107.46%	73.17%	113.39%	145.63%	151.63%	76.43%	312.74%	226.59%
Free Cash Flow to Firm to Interest Expense	-2.73	-6.60	0.00	-2.62	1.39	0.01	3.35	-0.17	3.70	3.28
Operating Cash Flow to Interest Expense	5.50	6.48	0.00	6.67	5.64	5.14	6.76	3.78	5.62	6.06
Operating Cash Flow Less CapEx to Interest Expense	-3.73	-8.23	0.00	-2.44	0.67	1.61	2.30	-1.17	3.83	3.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.63	0.00	0.00	0.46	0.31	0.39	0.41	0.41	0.50
Accounts Receivable Turnover	42.62	56.17	0.00	0.00	40.39	36.22	54.37	36.23	32.02	34.31
Inventory Turnover	9.51	9.32	0.00	0.00	13.73	14.94	19.58	17.28	11.25	11.66
Fixed Asset Turnover	0.95	0.84	0.00	0.00	0.57	0.40	0.50	0.54	0.53	0.64
Accounts Payable Turnover	4.81	4.63	0.00	0.00	5.31	5.35	4.93	4.28	3.16	3.11
Days Sales Outstanding (DSO)	8.56	6.50	0.00	0.00	9.04	10.08	6.71	10.07	11.40	10.64
Days Inventory Outstanding (DIO)	38.36	39.18	0.00	0.00	26.58	24.43	18.64	21.12	32.43	31.31
Days Payable Outstanding (DPO)	75.95	78.89	0.00	0.00	68.80	68.21	73.99	85.33	115.61	117.36
Cash Conversion Cycle (CCC)	-29.03	-33.21	0.00	0.00	-33.18	-33.70	-48.64	-54.13	-71.77	-75.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,936	3,332	3,756	4,435	4,648	4,723	4,516	4,681	4,284	4,280
Invested Capital Turnover	1.12	0.98	0.00	0.00	0.65	0.45	0.59	0.65	0.65	0.82
Increase / (Decrease) in Invested Capital	349	395	425	679	213	75	-207	164	-396	-4.80
Enterprise Value (EV)	2,361	3,813	4,697	4,790	5,715	4,605	4,229	3,168	4,308	5,909
Market Capitalization	931	1,832	2,695	2,319	3,242	2,021	1,980	835	2,137	4,038
Book Value per Share	$29.68	$26.11	$33.84	$37.15	$43.14	$42.67	$45.01	$46.40	$51.62	$59.73
Tangible Book Value per Share	$29.48	$26.11	$33.84	$37.15	$43.14	$42.67	$45.01	$46.40	$51.62	$59.73
Total Capital	3,434	3,896	4,441	5,124	5,168	5,549	5,377	5,728	5,120	5,081
Total Debt	1,928	2,546	2,687	3,160	2,993	3,410	3,109	3,380	3,006	2,672
Total Long-Term Debt	1,659	2,240	2,377	2,810	2,629	3,007	2,717	2,942	2,562	2,137
Net Debt	1,430	1,981	2,002	2,471	2,473	2,584	2,249	2,333	2,171	1,871
Capital Expenditures (CapEx)	701	1,150	637	1,097	636	435	549	629	235	306
Debt-free, Cash-free Net Working Capital (DFCFNWC)	40	-89	-201	-243	-320	-383	-595	-410	-514	-579
Debt-free Net Working Capital (DFNWC)	538	476	484	446	200	443	266	637	321	223
Net Working Capital (NWC)	270	171	174	96	-164	41	-126	199	-122	-313
Net Nonoperating Expense (NNE)	24	41	0.00	83	50	85	93	70	54	47
Net Nonoperating Obligations (NNO)	1,430	1,981	2,002	2,471	2,473	2,584	2,249	2,333	2,171	1,871
Total Depreciation and Amortization (D&A)	265	285	293	335	368	475	440	395	383	384
Debt-free, Cash-free Net Working Capital to Revenue	1.30%	-2.90%	0.00%	0.00%	-10.78%	-17.99%	-21.91%	-13.64%	-17.50%	-16.40%
Debt-free Net Working Capital to Revenue	17.39%	15.54%	0.00%	0.00%	6.72%	20.84%	9.79%	21.21%	10.95%	6.32%
Net Working Capital to Revenue	8.71%	5.57%	0.00%	0.00%	-5.53%	1.93%	-4.64%	6.61%	-4.17%	-8.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.31	($3.14)	$8.28	$5.40	$0.00	$0.00	$2.22	$1.44	$0.78	$8.02
Adjusted Weighted Average Basic Shares Outstanding	51.08M	51.51M	51.80M	51.91M	50.93M	50.20M	50.35M	50.55M	43.94M	40.26M
Adjusted Diluted Earnings per Share	$2.27	($3.14)	$8.08	$5.30	$0.00	$0.00	$2.20	$1.44	$0.77	$7.77
Adjusted Weighted Average Diluted Shares Outstanding	51.83M	51.51M	53.10M	52.87M	50.93M	50.20M	50.75M	50.64M	44.60M	41.55M
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	51.13M	51.85M	51.78M	0.00	50.93M	50.20M	50.52M	50.44M	40.23M	40.33M
Normalized Net Operating Profit after Tax (NOPAT)	142	-121	0.00	363	390	76	205	143	89	370
Normalized NOPAT Margin	4.59%	-3.95%	0.00%	0.00%	13.13%	3.58%	7.55%	4.75%	3.02%	10.48%
Pre Tax Income Margin	6.28%	-8.12%	0.00%	0.00%	15.02%	-0.34%	5.55%	3.08%	1.37%	12.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.54	-2.21	0.00	3.97	4.38	0.89	2.21	1.59	0.97	4.36
NOPAT to Interest Expense	1.87	-1.55	0.00	3.01	3.06	0.62	1.66	1.12	0.68	3.23
EBIT Less CapEx to Interest Expense	-5.70	-16.92	0.00	-5.14	-0.59	-2.64	-2.24	-3.36	-0.83	1.69
NOPAT Less CapEx to Interest Expense	-7.36	-16.26	0.00	-6.09	-1.92	-2.91	-2.79	-3.82	-1.12	0.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.01%	-5.73%	0.00%	7.04%	6.90%	-153.36%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	22.91%	-5.73%	0.00%	26.46%	29.97%	-388.24%	0.00%	0.00%	0.00%	0.00%

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

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

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 5/6/2025 by MarketBeat.com Staff

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SkyWest (SKYW) Financials

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SkyWest (SKYW) Financials

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