Stocktoria

SKYWEST INC SKYW

Nasdaq · stock · Air Transportation, Scheduled · website · IPO 1986-06-26 · LEI

SKYWEST INC statistics & valuation

Market cap$3.9B
P / E9.2×
P / S1.0×
P / B1.4×
P / FCF4.3×
Net margin10.6%
Return on equity15.6%
FCF margin22.4%
Net debt$2.3B
Net debt / EBITDA2.3×
Enterprise value USD$6.2B
EV / EBITDA6.3×
Earnings yield EBIT/EV10%
Return on capital10.8%
Graham number +15.9%$124.29

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($124.29); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.20% 9.20% 10.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-5.50% 12.10% 14.70% 17.20% 5.10% 10.20% 6.00% 3.50% 14.00% 15.20% 2016201720182019202020212022202320242025
Return on equity (%)
1.60% 13.40% 15.60% 2016201720182019202020212022202320242025
Shares outstanding
51.5M 53.1M 52.9M 51.4M 50.2M 50.8M 50.6M 44.6M 41.5M 41.4M 2016201720182019202020212022202320242025
Net debt ($)
$2.40B $2.51B $2.83B $2.91B $2.99B $2.85B $3.28B $2.86B $2.45B $2.27B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.50% 4.50% 5.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
15.80% 20.50% 23.80% 21.50% 29.20% 30.00% 15.60% 24.60% 18.40% 22.40% 2016201720182019202020212022202320242025
Debt / equity (×)
1.88× 1.53× 1.61× 1.38× 1.50× 1.37× 1.44× 1.42× 1.11× 0.87× 2016201720182019202020212022202320242025
EPS ($)
-$3.14 $8.08 $5.30 $6.62 -$0.17 $2.20 $1.44 $0.77 $7.77 $10.35 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

SKYWEST INC trades at about 10.4× earnings — below its 10-year norm (10-year range 6.6×–69.2×, median 11.6×).

6.6× 69.2×

Shaded band = 10-year range (6.6×–69.2×); dot = today's 10.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin15.2%14.0%3.5%6.0%10.2%5.1%17.2%14.7%12.1%-5.5%
Net margin10.6%9.2%1.2%———————
FCF margin22.4%18.4%24.6%15.6%30.0%29.2%21.5%23.8%20.5%15.8%
Return on assets5.8%4.5%0.5%———————
Return on equity15.6%13.4%1.6%———————
Debt / equity0.87×1.11×1.42×1.44×1.37×1.50×1.38×1.61×1.53×1.88×
Current ratio0.650.780.901.170.891.040.821.101.211.23

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.