Skywest Inc (SKYW) Financial Statements
Industry: Air Transportation, Scheduled
In fiscal 2025, Skywest reported revenue of $4.06B, up 15.0% from $3.53B the year before. Net income was $428.3M (a 10.6% net margin), or $10.35 per diluted share. Operating margin was 15.2%. Operating activities generated $940.4M of cash, leaving $908.3M of free cash flow. At fiscal year end, Skywest held $7.39B in total assets against $4.64B in total liabilities, including $122.7M of cash and equivalents.
Open the full interactive Skywest financials → Quarterly statements, key ratios, valuation history and price charts.
Skywest Key Stats
| Share Price | $94.52 |
|---|---|
| Market Cap | $3.74B |
| P/E Ratio | 9.1 |
| Revenue YoY Growth | +15.0% |
| 52-Week Range | $78.40 – $115.94 |
| Shares Outstanding | 39.4 million (basic, 2026 Q2) |
Skywest Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.13B | $2.71B | $3.00B | $2.94B | $3.53B | $4.06B |
| Cost of Goods Sold | $2.02B | — | — | — | — | — |
| Gross Profit | $108.8M | — | — | — | — | — |
| Operating Income | $108.8M | $275.9M | $181.2M | $104.1M | $494.7M | $617.8M |
| Pre-Tax Income | -$7.3M | $150.6M | $92.6M | $40.3M | $432.1M | $565.6M |
| Income Tax | $1.2M | $38.7M | $19.6M | $6.0M | $109.2M | $137.3M |
| Net Income | -$8.5M | $111.9M | $73.0M | $34.3M | $323.0M | $428.3M |
| Diluted EPS | -$0.17 | $2.20 | $1.44 | $0.77 | $7.77 | $10.35 |
Skywest Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.05B | $1.02B | $1.01B | $1.10B |
| Net Income | $116.4M | $91.2M | $101.7M | $100.7M |
| Diluted EPS | $2.81 | $2.20 | $2.50 | $2.54 |
Skywest Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $215.7M | $258.4M | $103.0M | $148.3M | $227.4M | $122.7M |
| Current Assets | $982.8M | $1.07B | $1.37B | $1.13B | $1.12B | $1.09B |
| Total Assets | $6.89B | $7.13B | $7.41B | $7.03B | $7.14B | $7.39B |
| Current Liabilities | $941.7M | $1.19B | $1.17B | $1.25B | $1.43B | $1.67B |
| Total Long-Term Debt | $3.20B | $3.11B | $3.38B | $3.01B | $2.67B | $2.39B |
| Total Liabilities | $4.75B | $4.86B | $5.07B | $4.91B | $4.73B | $4.64B |
| Shareholders' Equity | $2.14B | $2.27B | $2.35B | $2.11B | $2.41B | $2.75B |
Skywest Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $633.6M | $831.8M | $480.4M | $736.3M | $692.5M | $940.4M |
| Cash From Investing | -$683.5M | -$698.5M | -$904.9M | -$23.2M | -$228.6M | -$651.8M |
| Cash From Financing | $178.4M | -$90.6M | $269.1M | -$667.8M | -$384.8M | -$393.2M |
| Free Cash Flow | $620.9M | $813.7M | $467.3M | $723.1M | $647.6M | $908.3M |
Figures from Skywest's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Skywest financials page for every line item.
Skywest Company Profile
| Ticker | SKYW |
|---|---|
| Exchange | Nasdaq |
| Industry | Air Transportation, Scheduled |
| Headquarters | St George, Utah |
| Incorporated in | Utah |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000793733 |
Frequently Asked Questions
What was Skywest's revenue in fiscal 2025?
Skywest (SKYW) reported revenue of $4.06B for fiscal 2025.
What is Skywest's annual revenue history?
Skywest's annual revenue by fiscal year: 2020: $2.13B; 2021: $2.71B; 2022: $3.00B; 2023: $2.94B; 2024: $3.53B; 2025: $4.06B.
What was Skywest's net income in fiscal 2025?
Skywest reported net income of $428.3M for fiscal 2025.
What was Skywest's earnings per share (EPS) in fiscal 2025?
Skywest's diluted EPS was $10.35 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Skywest generate in fiscal 2025?
Skywest generated $908.3M of free cash flow in fiscal 2025.
What was Skywest's revenue last quarter?
In its most recent reported quarter (2026 Q2), Skywest reported revenue of $1.10B.
How much debt does Skywest have?
Skywest reported $2.39B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Skywest are outstanding?
Skywest reported a weighted average of 39.4 million basic shares outstanding in 2026 Q2.
What is Skywest's market cap?
Based on its latest closing price, Skywest (SKYW) has a market capitalization of about $3.74B.
When does Skywest's fiscal year end?
Skywest's fiscal year end, as registered with the SEC, is December 31.
Where is Skywest headquartered?
Skywest lists its business address in St George, Utah in its SEC filings.