SKYW
SkyWest, Inc.
SKYW's fundamentals are mixed, but it looks cheap: trading at 8.0x earnings, below its usual 12x. Analysts expect earnings growth.
SKYW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Stable |
SKYW's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
SKYW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.8x | $82.50 | — |
| Current | 8x | $82.50 | — |
| Cheap | 8.7x | $89.40 | +8.4% |
| Fair | 12x | $122 | +48% |
| Expensive | 28x | $292 | +254% |
Historical ranges are pointers, not guarantees.
SKYW's PE is in its cheap range at 8.0x. On analysts' estimates for next year's earnings, today's price would be 7.8x.
SKYW Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SKYW, with profitability holding steady.
SKYW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.56 | +2.2% |
| Q3 2026 | $10.33 | -1.4% |
| Q2 2026 | $10.06 | +2.3% |
| Q1 2026 | $10.43 | +19% |
| Q4 2025 | $10.35 | +33% |
| Q3 2025 | $10.48 | +82% |
| Q2 2025 | $9.83 | +137% |
| Q1 2025 | $8.74 | +227% |
| Q4 2024 | $7.77 | +909% |
SKYW earned $10.33 per share over the past year, down 1.4% from the year before.
SKYW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +6.4% |
| Q2 2026 | $1.1B | +6.5% |
| Q1 2026 | $1B | +6.8% |
| Q4 2025 | $1B | +8.5% |
| Q3 2025 | $1.1B | +15% |
| Q2 2025 | $1B | +19% |
| Q1 2025 | $948.5M | +18% |
| Q4 2024 | $944.4M | +26% |
SKYW's revenue has grown year over year for 12 quarters in a row: $1.1B last quarter, up 6.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -0.8 points |
| Q2 2026 | 14% | -2.3 points |
| Q1 2026 | 12% | -2.5 points |
| Q4 2025 | 13% | -2.2 points |
| Q3 2025 | 17% | +2.2 points |
| Q2 2025 | 16% | +2.6 points |
| Q1 2025 | 15% | +2.3 points |
| Q4 2024 | 15% | +12 points |
SKYW's operating margin was 16% last quarter, down 0.8 points from the same quarter a year ago.
SKYW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $124.8M | -45% |
| Q2 2026 | $283.9M | +141% |
| Q1 2026 | $130.4M | -20% |
| Q4 2025 | $224.3M | +38% |
| Q3 2025 | $225.4M | +127% |
| Q2 2025 | $117.6M | -5.5% |
| Q1 2025 | $162.6M | +6% |
| Q4 2024 | $162.7M | -28% |
SKYW generated $763M in free cash flow over the past year, up 14% from the year before.
SKYW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -793K shares |
| 1 year | -6.2% | -2.6M shares |
| 3 years | -8.8% | -3.8M shares |
| 5 years | -23% | -11.9M shares |
| Available history | -24% | -12M shares |
SKYW has 39M diluted shares, down 6.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | $8.8M |
| Q3 2023 | $50.5M |
| Q2 2023 | $96M |
| Q1 2023 | $100M |
| Q4 2020 | $6.2M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $26.2M |
SKYW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.3x | Moderate |
| Q3 2025 | 2.4x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.8x | Moderate |
SKYW's net debt is about 2.4 years of its operating earnings (EBITDA), about the same as a year ago.
SKYW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.4 | Neutral |
| Stochastic | 6.7 | Oversold |
SKYW's weekly RSI is 38 (neutral) and its Stochastic is 7 (oversold).
SKYW PE vs Industrials Sector
| Metric | SKYW | Sector median | Relative |
|---|---|---|---|
| PE | 8x | 24x | 67% below |
| PE % | 12 | 58 | 46 pts below |
SKYW is trading at 8.0x earnings, a 67% discount to the Industrials sector's median of 24x.
SKYW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.5 | 8.8% below |
| 20 week MA | $97.0 | 15% below |
| 50 week MA | $95.9 | 14% below |
| 100 week MA | $99.1 | 17% below |
| 200 week MA | $77.8 | 6% above |
SKYW has fallen below most of its moving averages, though it's still 6% above its 200-week average.
SKYW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.9 | $40.4 | -38% |
| 2021 | $40.4 | $41.3 | +2.1% |
| 2022 | $41.3 | $15.6 | -62% |
| 2023 | $15.6 | $52.2 | +235% |
| 2024 | $52.2 | $101.3 | +94% |
| 2025 | $101.3 | $102.8 | +1.5% |
| 2026 YTD | $102.8 | $82.5 | -20% |
SKYW's yearly returns have swung widely, from +235% in 2023 to −62% in 2022. It's down 20% so far in 2026.