Sky Harbour Group Corporation (SKYH) Key Metrics
SKYH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $742.8M
- Enterprise value
- $982.9M
- P/E (TTM)
- —
- Forward P/E
- 12.4
- PEG ratio
- —
- Price / sales
- 21.9 10-yr median 20.8
- Price / book
- 3.1 10-yr median 2.3
- EV / EBITDA
- 55.9
- Dividend yield
- —
- Beta
- 1.34
SKYH key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSKYH valuation Price multiples at each fiscal year-end price.
SKYH returns How much profit the business earns on the capital it uses.
SKYH per-share figures Results divided by the shares outstanding at year-end.
SKYH financial health Debt, liquidity and how easily interest is covered.
SKYH efficiency & capital use Working capital cycle and where the cash goes.
SKYH valuation history
SKYH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SKYH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SKYH cash returned to shareholders
SKYH price vs earnings per share
SKYH key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $305.3M | $307.1M | $159.0M | $37.1M | $152.2M | $172.0M | — |
| Enterprise value | $658.1M | $587.6M | $328.0M | $225.8M | $367.3M | $264.3M | — |
| P/E ratio | 16.2 | — | — | — | 16.8 | — | — |
| Price / sales | 11.1 | 20.8 | 21.0 | 20.1 | — | 250.9 | — |
| Price / book | 2.4 | 3.0 | 2.3 | 1.4 | 2.1 | — | — |
| EV / sales | 23.9 | 39.8 | 43.3 | 122.4 | — | 385.5 | — |
| EV / EBITDA | 44.8 | — | — | — | — | — | — |
| Earnings yield | 6.2% | −14.7% | −10.2% | −8.6% | 5.9% | −1.5% | — |
| Free cash flow yield | −28.3% | −28.5% | −40.2% | −197.8% | −14.9% | −7.5% | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.2% | — | — | — | — |
| Share price at fiscal year-end | $8.97 | $11.93 | $9.66 | $2.66 | $10.17 | $10.12 | — |
| Per share | |||||||
| Revenue per share | $0.81 | $0.57 | $0.46 | $0.13 | $0.00 | $0.04 | $0.00 |
| Earnings per share | $0.55 | −$1.76 | −$0.98 | −$0.23 | $0.60 | −$0.15 | −$0.14 |
| Operating cash flow per share | −$0.07 | −$0.35 | −$0.47 | −$1.97 | −$0.44 | −$0.06 | −$0.10 |
| Free cash flow per share | −$2.54 | −$3.40 | −$3.88 | −$5.26 | −$1.51 | −$0.76 | −$0.40 |
| Cash per share | $0.61 | $1.65 | $4.38 | $1.94 | $0.45 | −$2.05 | $0.07 |
| Book value per share | $3.75 | $4.04 | $4.20 | $1.88 | $4.74 | −$0.38 | −$0.29 |
| Tangible book value per share | $3.67 | $3.93 | $4.20 | $1.88 | $4.74 | −$0.38 | −$0.29 |
| Capex per share | $2.47 | $3.05 | $3.41 | $3.29 | $1.07 | $0.70 | $0.30 |
| Debt per share | $10.98 | $12.55 | $14.66 | $15.45 | $14.83 | $3.38 | $2.17 |
| Shares outstanding | 34.0M | 25.7M | 16.5M | 14.0M | 15.0M | 17.0M | 13.6M |
| Change in shares outstanding | +32.2% | +56.4% | +17.8% | −6.7% | −12.0% | +25.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 16.2% | −52.2% | −33.9% | −6.5% | 28.1% | — | — |
| Return on invested capital (ROIC) | −5.1% | −5.2% | −5.9% | −5.9% | −5.0% | −3.0% | −5.0% |
| Return on assets (ROA) | 3.3% | −9.4% | −4.4% | −1.0% | 5.1% | −6.3% | −6.9% |
| Return on tangible assets | 3.2% | −8.2% | −4.0% | −1.0% | 3.0% | −4.9% | −6.9% |
| Free cash flow margin | −314.1% | −593.8% | −843.2% | — | — | — | — |
| Income quality (OCF / net income) | −0.12 | — | — | — | −0.73 | — | — |
| Financial health | |||||||
| Total debt | $373.6M | $323.0M | $241.2M | $215.7M | $222.0M | $57.5M | $29.5M |
| Cash & short-term investments | $20.7M | $42.4M | $72.1M | $27.1M | $6.8M | −$34.8M | $1.0M |
| Net debt | $352.9M | $280.5M | $169.0M | $188.7M | $215.2M | $92.3M | $28.5M |
| Debt / equity | 2.92 | 3.10 | 3.49 | 8.21 | 3.13 | — | — |
| Debt / assets | 0.63 | 0.58 | 0.60 | 0.65 | 0.73 | 1.11 | 1.04 |
| Net debt / EBITDA | 24.00 | — | — | — | — | — | — |
| Current ratio | 1.51 | 5.63 | 8.73 | 4.99 | 18.65 | 0.26 | 0.36 |
| Quick ratio | 1.51 | 5.63 | 9.46 | −5.86 | 18.65 | −33.07 | 0.36 |
| Interest coverage | -20.6 | -28.6 | -31.4 | -3.8 | -1.6 | -5.3 | -7.8 |
| Working capital | $16.3M | $104.6M | $145.7M | $56.6M | $193.4M | −$767,126 | −$1.8M |
| Invested capital | $480.6M | $384.6M | $238.2M | $215.0M | $286.1M | $85.8M | $24.5M |
| Tangible asset value | $169.3M | $156.8M | $132.2M | $98.4M | $71.0M | −$6.5M | −$4.0M |
| Net current asset value | −$372.7M | −$269.6M | −$105.4M | −$162.1M | −$28.5M | −$58.3M | −$31.3M |
| Graham number | $6.83 | — | — | — | $8.03 | — | — |
| Graham net-net per share | −$11.71 | −$13.51 | −$12.43 | −$9.22 | −$15.11 | −$4.47 | −$2.30 |
| Capital allocation | |||||||
| Share buybacks (net) | — | — | $377,000 | — | — | — | — |
| Capex / revenue | 305.6% | 532.1% | 741.1% | 2,491.4% | — | 1,735.3% | — |
| Capex / depreciation | 13.19 | 29.03 | 24.64 | 66.14 | 15.85 | 127.29 | 23.71 |
| Stock-based compensation / revenue | 20.9% | 26.5% | 29.8% | 66.0% | — | 13.7% | — |
| R&D / revenue | — | — | — | 13.4% | — | — | — |
| SG&A / revenue | 23.8% | 131.4% | 199.6% | 797.5% | — | 122.1% | — |
| Efficiency | |||||||
| Days sales outstanding | 74.4 | 111.2 | 10.8 | 18.4 | — | 1.5 | — |
| Days of inventory on hand | — | — | 3,563.5 | 4,888.7 | 1,255.6 | 6,520.8 | — |
| Days payables outstanding | — | — | 91.7 | 58.8 | 38.2 | 28.9 | — |
| Cash conversion cycle (days) | — | — | 3,482.7 | 4,848.3 | — | 6,493.3 | — |
| Receivables turnover | 4.91 | 3.28 | 33.67 | 19.84 | 0.00 | 242.52 | — |
| Payables turnover | — | — | 3.98 | 6.21 | 9.56 | 12.61 | — |
| Inventory turnover | — | — | — | 0.07 | 0.29 | 0.06 | — |
| Asset turnover | 0.05 | 0.03 | 0.02 | 0.01 | 0.00 | 0.02 | 0.00 |
| Average receivables | $5.6M | $4.5M | $225,000 | $93,000 | $52,914 | $2,827 | — |
| Average payables | — | — | $1.8M | $924,500 | $527,464 | $153,928 | — |
| Average inventory | — | — | $70.0M | $76.9M | $17.3M | $34.7M | — |
| Intangibles / total assets | 0.5% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from SKYH's annual financial statements (latest annual report filed March 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SKYH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Sky Harbour traded at 16.2 times earnings. Sky Harbour earned a return on equity of 16.2% and a return on invested capital of −5.1% in fiscal 2025. It ended the year with $373.6 million of debt and $20.7 million in cash and short-term investments, net debt of $352.9 million. The share count rose 150.2% from 13.6M to 34.0M over 6 years.
See the SKYH income statement, the SKYH chart for price history, or the SKYH stock overview for the latest quote and news.
SKYH key metrics FAQ
What is Sky Harbour's P/E ratio?
Sky Harbour traded at 16.2 times earnings at the end of fiscal 2025.
What is Sky Harbour's EV/EBITDA?
Sky Harbour's enterprise value was 44.8 times EBITDA at the end of fiscal 2025 (enterprise value $658.1 million, EBITDA $14.7 million); the current EV/EBITDA is 55.9.
What is Sky Harbour's return on equity?
Sky Harbour's return on equity (ROE) was 16.2% in fiscal 2025: net income of $18.8 million on average shareholders' equity of $115.9 million.
What is Sky Harbour's ROIC?
Sky Harbour's return on invested capital was −5.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sky Harbour have?
Sky Harbour had total debt of $373.6 million at the end of fiscal 2025, a debt-to-equity ratio of 2.92 and $352.9 million of net debt (24.00 times EBITDA).
What is Sky Harbour's free cash flow yield?
Sky Harbour generated -$86.5 million of free cash flow in fiscal 2025, a free cash flow yield of −28.3% on its market value at year-end ($305.3 million).
What is Sky Harbour's current ratio?
Sky Harbour's current ratio was 1.51 at the end of fiscal 2025: current assets were 1.51 times current liabilities.