Skywest Inc (SKYW) financials
Skywest revenue and earnings by year
Skywest's revenue was $4.06 billion in the fiscal year to December 31, 2025, up 15.0% from the year before. Net income was $428 million, 10.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 3.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.06 | 3.53 | 2.94 | 3.00 | 2.71 | 2.13 | 2.97 | 3.22 | 3.12 | 3.06 |
| Revenue growth | 15.0% | 20.2% | -2.3% | 10.7% | 27.6% | -28.4% | -7.8% | 3.2% | 1.9% | — |
| Gross profit | 2.87 | 2.64 | 2.10 | 2.11 | 1.62 | 1.29 | 2.15 | 2.29 | 2.12 | 2.04 |
| Gross margin | 70.8% | 74.9% | 71.7% | 70.1% | 59.7% | 60.5% | 72.3% | 71.0% | 68.0% | 66.5% |
| Operating income | 0.62 | 0.49 | 0.10 | 0.18 | 0.28 | 0.11 | 0.51 | 0.48 | 0.39 | -0.17 |
| Operating margin | 15.2% | 14.0% | 3.5% | 6.0% | 10.2% | 5.1% | 17.2% | 14.8% | 12.4% | -5.6% |
| Net income | 0.43 | 0.32 | 0.03 | 0.07 | 0.11 | -0.01 | 0.34 | 0.28 | 0.43 | -0.16 |
| Net margin | 10.6% | 9.2% | 1.2% | 2.4% | 4.1% | -0.4% | 11.4% | 8.7% | 13.7% | -5.3% |
| Diluted EPS | $10.35 | $7.77 | $0.77 | $1.44 | $2.20 | -$0.19 | $6.62 | $5.31 | $8.07 | -$3.14 |
| Free cash flow | 0.30 | 0.37 | 0.45 | -0.05 | 0.19 | 0.22 | 0.08 | -0.29 | 0.04 | -0.64 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SKYW in Markets.
How Skywest makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Sky West Airlines | $941M | 85.3% |
| Skywest Leasing | $162M | 14.7% |
See also: SKYW valuation and P/E history · SKYW returns
No forecast, no recommendation. This page describes Skywest Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.