SkyWest, Inc. (SKYW) Key Metrics
SKYW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.55B
- Enterprise value
- $5.64B
- P/E (TTM)
- 9.1 10-yr median 10.6
- Forward P/E
- 9.5
- PEG ratio
- 1.66
- Price / sales
- 0.9 10-yr median 0.8
- Price / book
- 1.4 10-yr median 1.3
- EV / EBITDA
- 8.8 10-yr median 6.6
- Dividend yield
- —
- Beta
- 1.48
SKYW key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSKYW valuation Price multiples at each fiscal year-end price.
SKYW returns How much profit the business earns on the capital it uses.
SKYW per-share figures Results divided by the shares outstanding at year-end.
SKYW financial health Debt, liquidity and how easily interest is covered.
SKYW efficiency & capital use Working capital cycle and where the cash goes.
SKYW valuation history
SKYW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SKYW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SKYW cash returned to shareholders
SKYW price vs earnings per share
SKYW key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.16B | $4.16B | $2.33B | $836.1M | $1.99B | $2.02B | $3.32B | $2.35B | $2.82B | $1.88B |
| Enterprise value | $5.84B | $6.12B | $4.59B | $3.33B | $4.48B | $4.69B | $6.15B | $4.82B | $4.82B | $3.87B |
| P/E ratio | 9.7 | 12.9 | 67.8 | 11.5 | 17.8 | — | 9.8 | 8.4 | 6.6 | — |
| Price / sales | 1.0 | 1.2 | 0.8 | 0.3 | 0.7 | 1.0 | 1.1 | 0.7 | 0.9 | 0.6 |
| Price / book | 1.5 | 1.7 | 1.1 | 0.4 | 0.9 | 0.9 | 1.5 | 1.2 | 1.6 | 1.4 |
| Price / free cash flow | 14.5 | 11.4 | 5.5 | — | 13.3 | 10.9 | 527.2 | — | — | — |
| Price / operating cash flow | 4.4 | 6.0 | 3.2 | 1.7 | 2.4 | 3.2 | 4.6 | 2.9 | 4.1 | 3.7 |
| EV / sales | 1.4 | 1.7 | 1.6 | 1.1 | 1.7 | 2.2 | 2.1 | 1.5 | 1.5 | 1.2 |
| EV / EBITDA | 5.6 | 6.6 | 8.3 | 5.4 | 6.3 | 7.9 | 6.5 | 6.0 | 7.1 | 33.8 |
| EV / free cash flow | 20.4 | 16.8 | 10.9 | — | 29.8 | 25.3 | 976.1 | — | — | — |
| Earnings yield | 10.3% | 7.8% | 1.5% | 8.7% | 5.6% | −0.4% | 10.2% | 11.9% | 15.2% | −8.6% |
| Free cash flow yield | 6.9% | 8.8% | 18.0% | −24.2% | 7.5% | 9.2% | 0.2% | −14.3% | −1.8% | −34.5% |
| Dividend yield | — | — | — | 0.1% | 0.1% | 0.6% | 0.7% | 0.8% | 0.5% | 0.5% |
| Shareholder yield (dividends + buybacks) | 2.0% | 1.0% | 12.5% | 0.3% | 0.2% | 1.6% | 3.6% | 3.2% | 1.2% | 0.5% |
| Share price at fiscal year-end | $100.41 | $100.13 | $52.20 | $16.51 | $39.30 | $40.31 | $64.63 | $44.47 | $53.10 | $36.45 |
| Per share | ||||||||||
| Revenue per share | $98.02 | $84.91 | $65.82 | $59.33 | $53.46 | $42.38 | $57.85 | $60.93 | $58.81 | $60.60 |
| Earnings per share | $10.35 | $7.77 | $0.77 | $1.44 | $2.20 | −$0.17 | $6.62 | $5.30 | $8.08 | −$3.14 |
| Operating cash flow per share | $22.71 | $16.67 | $16.51 | $9.49 | $16.39 | $12.62 | $14.03 | $15.18 | $12.88 | $9.84 |
| Free cash flow per share | $6.93 | $8.77 | $9.42 | −$3.99 | $2.96 | $3.70 | $0.12 | −$6.36 | −$0.97 | −$12.57 |
| Cash per share | $17.07 | $19.29 | $18.73 | $20.68 | $16.95 | $16.45 | $10.13 | $13.04 | $12.91 | $10.81 |
| Book value per share | $66.33 | $57.98 | $47.39 | $46.36 | $44.68 | $42.62 | $42.34 | $37.15 | $33.04 | $26.23 |
| Tangible book value per share | $66.33 | $57.98 | $47.39 | $46.36 | $44.68 | $42.62 | $42.34 | $37.15 | $32.95 | $26.07 |
| Dividends per share | — | — | — | $0.02 | $0.03 | $0.26 | $0.46 | $0.37 | $0.28 | $0.18 |
| Capex per share | $15.78 | $7.90 | $7.09 | $13.48 | $13.43 | $8.92 | $13.91 | $21.54 | $13.85 | $22.40 |
| Debt per share | $57.78 | $66.43 | $69.35 | $69.91 | $65.93 | $69.57 | $65.15 | $59.77 | $50.60 | $49.42 |
| Shares outstanding | 41.4M | 41.5M | 44.6M | 50.6M | 50.8M | 50.2M | 51.4M | 52.9M | 53.1M | 51.5M |
| Change in shares outstanding | −0.3% | −6.8% | −11.9% | −0.2% | +1.1% | −2.3% | −2.8% | −0.4% | +3.1% | −0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.6% | 14.3% | 1.5% | 3.2% | 5.1% | −0.4% | 16.4% | 15.1% | 27.6% | −11.3% |
| Return on invested capital (ROIC) | 10.6% | 8.5% | 1.9% | 3.0% | 4.3% | 1.8% | 8.3% | 8.9% | 10.9% | −4.3% |
| Return on assets (ROA) | 5.9% | 4.6% | 0.5% | 1.0% | 1.6% | −0.1% | 5.2% | 4.8% | 8.2% | −3.3% |
| Return on tangible assets | 5.8% | 4.5% | 0.5% | 0.9% | 1.6% | −0.1% | 5.1% | 4.4% | 7.8% | −3.2% |
| Free cash flow margin | 7.1% | 10.3% | 14.3% | −6.7% | 5.5% | 8.7% | 0.2% | −10.4% | −1.6% | −20.7% |
| Income quality (OCF / net income) | 2.20 | 2.14 | 21.44 | 6.58 | 7.43 | — | 2.12 | 2.86 | 1.60 | — |
| Financial health | ||||||||||
| Total debt | $2.39B | $2.76B | $3.09B | $3.54B | $3.35B | $3.49B | $3.35B | $3.16B | $2.69B | $2.55B |
| Cash & short-term investments | $706.9M | $801.6M | $835.2M | $1.05B | $860.4M | $825.9M | $520.2M | $689.3M | $685.3M | $556.7M |
| Net debt | $1.69B | $1.96B | $2.26B | $2.49B | $2.49B | $2.67B | $2.83B | $2.47B | $2.00B | $1.99B |
| Debt / equity | 0.87 | 1.15 | 1.46 | 1.51 | 1.48 | 1.63 | 1.54 | 1.61 | 1.53 | 1.88 |
| Debt / assets | 0.32 | 0.39 | 0.44 | 0.45 | 0.47 | 0.48 | 0.50 | 0.50 | 0.49 | 0.51 |
| Net debt / EBITDA | 1.63 | 2.11 | 4.07 | 4.06 | 3.48 | 4.51 | 3.00 | 3.05 | 2.94 | 17.40 |
| Current ratio | 0.65 | 0.78 | 0.90 | 1.17 | 0.89 | 1.04 | 0.82 | 1.10 | 1.21 | 1.23 |
| Quick ratio | 0.55 | 0.68 | 0.80 | 1.06 | 0.81 | 0.95 | 0.70 | 0.97 | 1.07 | 1.07 |
| Interest coverage | 5.9 | 4.3 | 0.8 | 1.4 | 2.2 | 0.9 | 4.0 | 3.9 | 3.7 | -2.2 |
| Working capital | −$576.4M | −$312.5M | −$122.4M | $198.7M | −$126.0M | $41.1M | −$164.3M | $96.0M | $174.3M | $170.5M |
| Invested capital | $4.43B | $4.37B | $4.37B | $4.84B | $4.75B | $4.81B | $5.00B | $4.43B | $3.76B | $3.34B |
| Tangible asset value | $2.75B | $2.41B | $2.11B | $2.35B | $2.27B | $2.14B | $2.18B | $1.96B | $1.75B | $1.34B |
| Net current asset value | −$3.55B | −$3.61B | −$3.78B | −$4.14B | −$3.79B | −$4.09B | −$3.72B | −$3.33B | −$2.72B | −$2.74B |
| Graham number | $124.26 | $100.70 | $28.65 | $38.76 | $47.08 | — | $79.41 | $66.58 | $77.49 | — |
| Graham net-net per share | −$90.06 | −$90.67 | −$88.59 | −$85.27 | −$76.78 | −$83.11 | −$74.67 | −$66.73 | −$55.35 | −$58.26 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $1.1M | $1.6M | $13.1M | $23.5M | $19.7M | $15.0M | $9.3M |
| Share buybacks (net) | $84.9M | $43.3M | $291.9M | $1.1M | $1.6M | $20.0M | $94.6M | $54.4M | $20.0M | $0 |
| Dividend payout ratio | — | — | — | 1.6% | 1.4% | — | 6.9% | 7.0% | 3.5% | — |
| Dividends + buybacks / free cash flow | 29.6% | 11.9% | 69.5% | — | 2.1% | 17.8% | — | — | — | — |
| Capex / revenue | 16.1% | 9.3% | 10.8% | 22.7% | 25.1% | 21.1% | 24.0% | 35.3% | 23.6% | 37.0% |
| Capex / operating cash flow | 69.5% | 47.4% | 43.0% | 142.1% | 81.9% | 70.7% | 99.1% | 141.9% | 107.5% | 227.8% |
| Capex / depreciation | 1.79 | 0.86 | 0.83 | 1.73 | 1.55 | 0.94 | 1.94 | 3.40 | 2.51 | 4.05 |
| Stock-based compensation / revenue | 0.5% | 0.6% | 0.6% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.2% |
| SG&A / revenue | — | — | — | 50.9% | 45.8% | — | 33.7% | 37.3% | 47.9% | 47.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 12.8 | 10.8 | 12.1 | 10.7 | 7.0 | 11.4 | 11.3 | 7.8 | 6.0 | 7.0 |
| Days of inventory on hand | 36.0 | 17.7 | 17.8 | 16.6 | 14.1 | 17.2 | 19.8 | 18.2 | 17.5 | 18.7 |
| Days payables outstanding | 135.9 | 66.5 | 63.5 | 66.9 | 56.1 | 48.0 | 51.3 | 45.8 | 39.0 | 37.7 |
| Cash conversion cycle (days) | -87.1 | -38.0 | -33.6 | -39.7 | -35.0 | -19.4 | -20.1 | -19.7 | -15.5 | -12.0 |
| Receivables turnover | 28.61 | 33.93 | 30.19 | 34.19 | 52.32 | 32.11 | 32.26 | 46.63 | 61.26 | 52.48 |
| Payables turnover | 2.69 | 5.49 | 5.75 | 5.46 | 6.50 | 7.60 | 7.12 | 7.97 | 9.37 | 9.68 |
| Inventory turnover | 10.14 | 20.58 | 20.48 | 22.05 | 25.81 | 21.23 | 18.42 | 20.00 | 20.85 | 19.50 |
| Asset turnover | 0.56 | 0.50 | 0.39 | 0.40 | 0.38 | 0.31 | 0.46 | 0.55 | 0.60 | 0.64 |
| Average receivables | $141.8M | $104.0M | $97.2M | $87.9M | $51.9M | $66.2M | $92.1M | $69.1M | $51.0M | $59.5M |
| Average payables | $580.5M | $498.8M | $446.1M | $459.2M | $387.5M | $281.6M | $308.2M | $310.4M | $265.1M | $260.5M |
| Average inventory | $153.8M | $133.1M | $125.2M | $113.7M | $97.6M | $100.8M | $119.1M | $123.7M | $119.1M | $129.4M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% |
Computed from SKYW's annual financial statements (latest annual report filed February 17, 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.
SKYW valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), SkyWest traded at 9.7 times earnings, against a 10-year median of 10.6. Based on the latest twelve months, the trailing P/E is 9.1 and the forward P/E is 9.5. SkyWest earned a return on equity of 16.6% and a return on invested capital of 10.6% in fiscal 2025. It ended the year with $2.4 billion of debt and $706.9 million in cash and short-term investments, net debt of $1.7 billion. It returned $84.9 million to shareholders: $0 in dividends and $84.9 million in share buybacks, 30% of free cash flow. The share count fell 19.6% from 51.5M to 41.4M over 9 years.
See the SKYW income statement, the SKYW chart for price history, or the SKYW stock overview for the latest quote and news.
SKYW key metrics FAQ
What is SkyWest's P/E ratio?
SkyWest's trailing P/E ratio is 9.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.5. At the end of fiscal 2025 it was 9.7, compared with a 10-year median of 10.6.
What is SkyWest's EV/EBITDA?
SkyWest's enterprise value was 5.6 times EBITDA at the end of fiscal 2025 (enterprise value $5.8 billion, EBITDA $1.0 billion); the current EV/EBITDA is 8.8.
What is SkyWest's return on equity?
SkyWest's return on equity (ROE) was 16.6% in fiscal 2025: net income of $428.3 million on average shareholders' equity of $2.6 billion.
What is SkyWest's ROIC?
SkyWest's return on invested capital was 10.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does SkyWest have?
SkyWest had total debt of $2.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.87 and $1.7 billion of net debt (1.63 times EBITDA).
Does SkyWest buy back its shares?
Yes. SkyWest spent $84.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 41.4M..
What is SkyWest's free cash flow yield?
SkyWest generated $287.0 million of free cash flow in fiscal 2025, a free cash flow yield of 6.9% on its market value at year-end ($4.2 billion).
What is SkyWest's current ratio?
SkyWest's current ratio was 0.65 at the end of fiscal 2025: current assets were 0.65 times current liabilities.