Sky Harbour Group Corporation (SKYH) AI Stock Analysis

Sky Harbour Group Corporation, headquartered in White Plains, New York, develops, leases, and manages general aviation hangars tailored for business aircraft across the United States. Founded in 2017, the company focuses on creating modern hangar infrastructure designed to accommodate various sizes and types of business aircraft. Its operations combine facility development with long-term leasing and on-site management to provide business aviation tenants with efficient and high-standard operational environments. Sky Harbour continues to expand its aviation infrastructure footprint by pursuing growth opportunities across key markets nationwide.

Sky Harbour increased annual revenue from $1.8M in FY2022 to $7.6M in FY2023, reaching $14.8M in FY2024 and $27.5M in FY2025, which represented 86.6% annual revenue growth. Its 5-year revenue CAGR from FY2020 to FY2025 was 109.3%. Gross margin stood at -15.3% in FY2025, while operating margin was -101.8% and net income was $18.8M. For the trailing twelve months, revenue was $33.9M with an operating margin of -68.7% and a profit margin of 2.7%. In the latest quarter ended June 30, 2026, quarterly revenue grew 49.6% year-over-year, and quarterly earnings grew 198.2%.

As of June 30, 2026, Sky Harbour held $61.8M in cash and short-term investments compared to total debt of $608.1M, yielding net debt of $546.2M. Shareholders' equity was $126.3M against total assets of $822.9M, with a current ratio of 5.13 and a debt-to-equity ratio of 4.81. In FY2025, operating cash flow was -$2.3M, and free cash flow was -$86.5M following capital expenditures of $84.2M. The company's share count increased 130.7% over 5 years.

Sky Harbour carries a market capitalization of $742.8M and an enterprise value of $982.9M. The stock trades at a price-to-sales ratio of 21.9x, which is above the 3.7x median for its US-listed Real Estate peers. Its EV-to-EBITDA multiple is 55.9x versus the peer median of 14.7x, while its forward P/E is 12.4x against the peer median of 23.5x. Over the past year, SKYH shares fell 7.7%, underperforming the S&P 500 return of 16.8%. Over 5 years, the stock returned -10.2% compared to an 83.0% gain for the S&P 500.

Wall Street coverage consists of 7 Strong Buy and 1 Buy ratings, with 0 Hold, 0 Sell, and 0 Strong Sell recommendations. The mean price target is $16.19, implying 77.9% upside from the October 16, 2026 close of $9.10. For the fiscal year ending December 31, 2026, analysts forecast revenue of $40.6M and an EPS of -$0.40. For the next fiscal year, 7 analysts project revenue of $68.2M, representing 68.0% growth, with EPS estimated at -$0.29. Sky Harbour exceeded EPS estimates in 2 of the past 4 quarters, with next earnings scheduled for November 11, 2026.

This page is an AI-written research summary of Sky Harbour Group Corporation (SKYH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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