SkyWest, Inc. (SKYW) Income Statement
SKYW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSKYW revenue and net income
Where SKYW's revenue goes
2025Each bar shows an amount and its share of revenue. SKYW kept 10.6% of revenue as net income.
SKYW profit margins
SKYW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.0% | +10.5% | +13.8% | +2.7% |
| Gross profit | +216.7% | +71.1% | — | +16.4% |
| Operating income | +24.9% | +50.5% | +41.5% | +10.2% |
| Net income | +32.6% | +80.4% | — | +13.8% |
| EPS (diluted) | +33.2% | +92.5% | — | +17.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SKYW quarterly EPS vs estimates
SkyWest beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $3.13).
SKYW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.06B | $3.53B | $2.94B | $3.00B | $2.71B | $2.13B | $2.97B | $3.22B | $3.12B | $3.12B |
| Cost of revenue | $1.56B | $2.74B | $2.56B | $2.51B | $2.52B | $2.14B | $2.19B | $2.47B | $2.48B | $2.52B |
| Gross profit | $2.50B | $789.0M | $372.2M | $499.3M | $193.7M | −$13.9M | $777.9M | $747.1M | $639.0M | $598.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | $1.53B | $1.24B | — | $1.00B | $1.20B | $1.50B | $1.47B |
| Total operating expenses | $1.88B | $294.3M | $268.1M | $318.1M | −$82.1M | −$122.7M | $265.6M | $272.8M | $250.8M | $305.0M |
| Operating income | $617.8M | $494.7M | $104.1M | $181.2M | $275.9M | $108.8M | $512.3M | $474.3M | $388.2M | −$172.7M |
| Interest income | $43.3M | $48.0M | $40.0M | $17.6M | $1.1M | $5.9M | $14.1M | $8.8M | $4.5M | $2.1M |
| Interest expense | $104.4M | $114.3M | $130.9M | $127.1M | $123.1M | $123.2M | $127.8M | $120.4M | $104.9M | $78.2M |
| Income before taxes | $565.6M | $432.1M | $40.3M | $92.6M | $150.6M | −$7.3M | $446.3M | $366.3M | $288.2M | −$248.8M |
| Income taxes | $137.3M | $109.2M | $6.0M | $19.6M | $38.7M | $1.2M | $106.2M | $85.9M | −$140.7M | −$87.2M |
| Net income | $428.3M | $323.0M | $34.3M | $73.0M | $111.9M | −$8.5M | $340.1M | $280.4M | $428.9M | −$161.6M |
| EBITDA | $1.03B | $930.4M | $554.4M | $614.2M | $713.9M | $590.8M | $942.2M | $808.9M | $681.0M | $114.3M |
| EPS (diluted) | $10.35 | $7.77 | $0.87 | $1.45 | $3.47 | −$0.19 | $6.26 | $5.31 | $3.42 | $2.73 |
| Gross margin | 61.6% | 22.4% | 12.7% | 16.6% | 7.1% | −0.7% | 26.2% | 23.2% | 20.5% | 19.2% |
| Operating margin | 15.2% | 14.0% | 3.5% | 6.0% | 10.2% | 5.1% | 17.2% | 14.7% | 12.4% | −5.5% |
| Net margin | 10.6% | 9.2% | 1.2% | 2.4% | 4.1% | −0.4% | 11.4% | 8.7% | 13.7% | −5.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $1.01B | $1.02B | $1.05B | $1.04B | $948.5M | $944.4M | $912.8M | $867.1M | $803.6M | $751.8M | $766.2M |
| Cost of revenue | −$800.4M | $800.4M | $400.2M | $798.2M | $773.9M | $728.2M | $725.6M | $605.8M | $675.3M | $635.6M | $661.2M | $651.9M |
| Gross profit | $1.90B | $212.8M | $624.3M | $251.9M | $261.4M | $220.3M | $218.8M | $307.0M | $191.9M | $168.0M | $90.5M | $114.3M |
| Total operating expenses | $1.75B | $89.1M | $490.1M | $77.7M | $91.2M | $80.9M | $74.7M | $175.6M | $72.2M | $68.5M | $62.9M | $65.0M |
| Operating income | $155.8M | $123.7M | $134.2M | $174.1M | $170.1M | $139.4M | $144.1M | $131.4M | $119.6M | $99.5M | $27.6M | $49.3M |
| Interest income | $8.8M | $8.6M | $11.6M | $10.6M | $11.1M | $10.1M | $11.8M | $12.5M | $12.0M | $11.6M | $12.2M | $11.2M |
| Interest expense | $24.9M | $24.5M | $25.1M | $25.6M | $26.6M | $27.1M | $27.7M | $27.8M | $29.0M | $29.8M | $31.0M | $32.5M |
| Income before taxes | $138.9M | $107.8M | $124.6M | $157.2M | $163.1M | $120.7M | $133.6M | $116.2M | $102.2M | $80.2M | $24.4M | $24.4M |
| Income taxes | $38.2M | $6.1M | $33.4M | $40.8M | $42.8M | $20.2M | $36.2M | $26.5M | $26.6M | $19.9M | $6.9M | $873,000 |
| Net income | $100.7M | $101.7M | $91.2M | $116.4M | $120.3M | $100.6M | $97.4M | $89.7M | $75.6M | $60.3M | $17.5M | $23.5M |
| EBITDA | $239.8M | $222.5M | $242.2M | $275.3M | $279.8M | $183.0M | $255.9M | $240.7M | $227.9M | $205.9M | $150.7M | $153.5M |
| EPS (diluted) | $2.54 | $2.50 | $2.21 | $2.81 | $2.91 | $2.42 | $2.34 | $2.16 | $1.82 | $1.45 | $0.42 | $0.55 |
| Gross margin | 172.6% | 21.0% | 60.9% | 24.0% | 25.2% | 23.2% | 23.2% | 33.6% | 22.1% | 20.9% | 12.0% | 14.9% |
| Operating margin | 14.1% | 12.2% | 13.1% | 16.6% | 16.4% | 14.7% | 15.3% | 14.4% | 13.8% | 12.4% | 3.7% | 6.4% |
| Net margin | 9.1% | 10.0% | 8.9% | 11.1% | 11.6% | 10.6% | 10.3% | 9.8% | 8.7% | 7.5% | 2.3% | 3.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SKYW's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SKYW financial results
In fiscal year 2025 (ended December 31, 2025), SkyWest reported revenue of $4.1 billion, up 15.0% from the year before. It had net income of $428.3 million (up 32.6%), a net profit margin of 10.6%. Diluted earnings per share came to $10.35. Over five years revenue grew at an average rate of 13.8% a year.
See the SKYW stock overview for the latest quote and news, or the SKYW chart for price history and technical indicators.
SKYW income statement FAQ
What is SkyWest's annual revenue?
SkyWest reported total revenue of $4.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 15.0% from $3.5 billion the previous year.
Is SkyWest profitable?
Yes. SkyWest reported net income of $428.3 million in fiscal 2025, a net profit margin of 10.6%; its operating margin was 15.2%.
What is SkyWest's gross margin?
SkyWest's gross margin was 61.6% in fiscal 2025: for every $100 of revenue, SkyWest kept $62 after the direct cost of its products and services.
How fast is SkyWest growing?
Revenue grew 13.8% a year on average over the last five fiscal years, from $2.1 billion to $4.1 billion.
What are SkyWest's earnings per share?
SkyWest earned $10.35 per diluted share in fiscal 2025, compared with $7.77 a year earlier.
When will SkyWest report its next earnings?
SkyWest is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does SkyWest's fiscal year end?
SkyWest's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.