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Operates regional airline flights on behalf of major US carriers (United, Delta, American) under capacity purchase agreements.
Operates regional airline flights on behalf of major US carriers (United, Delta, American) under capacity purchase agreements.
Flies regional routes for United, Delta, American and Alaska under capacity purchase agreements: the major airline sells the tickets and pays SkyWest a fixed fee per flight or block hour, so SkyWest does not bear fuel or ticket-price risk. Earnings depend on keeping aircraft and pilots in service and meeting each partner's completion targets.
Moat: narrow (scale, customer qualification). Large regional fleet and pilot base under long-term capacity-purchase contracts with major carriers.
Headquarters: St. George, Utah, US · Founded: 1972 · Employees: 15,800
Size SkyWest (SKYW) is a United States Industrials company (Airlines) with a market value of $3.02B, the 1548th largest of 3,117 United States companies the cockpit tracks. Shares closed at $79.38 on 6 Nov 2026.
Performance Over six months the shares fell 10.0%, against +9.3% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 7.0% over the last twelve months (peer median +9.9%); the operating margin is 13.8% (peer median 6.1%).
Valuation It trades at 7.5× forward earnings against a peer median of 23.3× (3rd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points above its cost of capital (9.6% WACC).
Short interest Short interest is 4.2% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.26B | $4.06B | $3.53B | $2.94B | $3.00B |
| Revenue growth | — | +15% | +20% | -2% | — |
| Gross profit | $943M | $949M | $789M | $372M | $499M |
| EBITDA | $941M | $982M | $879M | $487M | $576M |
| Net income | $413M | $428M | $323M | $34.3M | $73.0M |
| Free cash flow | $94.0M | $287M | $364M | $420M | -$202M |
| Capital expenditure | $705M | $658M | $346M | $316M | $714M |
| Total debt | $2.45B | $2.47B | $2.76B | $3.09B | $3.54B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| SkyWest SKYW | $3.02B | -10% | +7% | 14% | 7.5× | 2.2% |
| Republic Airways RJET | $942M | -12% | +438% | 11% | n/a | 2.8% |
| American Airlines AAL | $8.73B | -1% | +12% | 2% | n/a | n/a |
| Chorus Aviation CHR.TO | $505M | +30% | -4% | 7% | 13.2× | 2.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SKYW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.9% | +5.6% | lowest of 21 |
| 6-month return | -10.0% | +9.3% | 5th lowest of 21 |
| Distance from 52-week high | -32.6% | -26.1% | 6th lowest of 21 |
| Revenue growth (TTM) | +7.0% | +9.9% | 5th lowest of 21 |
| Operating margin | 13.8% | 6.1% | 2nd highest of 21 |
| Forward P/E | 7.5× | 23.3× | 3rd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 2.2% | 1.1% | 5th most demanding of 11 |
| Growth delivered (Del g) | +13.8% | +25.9% | 3rd lowest of 11 |
| Hurdle (Req g minus delivered) | -11.6 pp | -20.5 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | +0.4 pp | -0.2 pp | 9th highest of 21 |
| EV / EBITDA | 5.2× | 4.9× | 7th most expensive of 14 |
| Net debt / EBITDA | 2.0× | 2.2× | 7th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SkyWest SKYW | United States | $3.02B | -10% | +7% | 14% | 7.5× | 2.2% | +13.8% |
| Juneyao Airlines 603885.SS | China | $3.42B | -8% | +8% | 1% | 69.5× | 0.4% | +17.4% |
| Allegiant Travel ALGT | United States | $2.51B | +11% | +12% | 9% | 12.7× | n/a | n/a |
| Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR AERO | United States | $2.32B | +1% | +10% | 11% | 10.4× | -6.6% | +32.3% |
| China Airlines 2610.TW | Taiwan | $3.94B | +17% | +8% | 8% | 9.9× | n/a | n/a |
| Air Canada AC.TO | Canada | $3.95B | +10% | +13% | 2% | n/a | 14.3% | +30.8% |
| Air France-KLM AF.PA | France | $3.99B | +34% | +5% | 6% | 4.7× | -6.3% | +24.4% |
| Alaska Air ALK | United States | $4.35B | -5% | +8% | -1% | n/a | n/a | n/a |
| Exchange Income EIF.TO | Canada | $4.77B | +13% | +33% | 11% | 24.6× | n/a | n/a |
| Milkyway Intelligent Supply Chain Service 603713.SS | China | $1.90B | +29% | +15% | 8% | 16.8× | n/a | n/a |
| Starlux Airlines 2646.TW | Taiwan | $1.76B | -6% | +23% | 1% | 52.3× | n/a | n/a |
| Frontier ULCC | United States | $1.71B | +40% | +24% | -15% | 1,818.4× | 31.6% | +24.4% |
| Copa CPA | United States | $5.87B | +16% | +15% | 19% | 9.0× | n/a | n/a |
| Virgin Australia VGN.AX | Australia | $1.48B | +18% | +9% | 11% | 6.6× | -13.4% | +4.9% |
| Wizz Air WIZZ.L | United Kingdom | $1.48B | +8% | +11% | -2% | n/a | 3.4% | +49.5% |
| Norwegian Air Shuttle NAS.OL | Norway | $1.47B | -11% | +3% | 6% | 22.0× | -16.5% | +35.8% |
| CITIC Offshore Helicopter 000099.SZ | China | $1.41B | -31% | -9% | 12% | 30.3× | 1.8% | +7.5% |
| Spring Airlines 601021.SS | China | $6.51B | -6% | +16% | 6% | 26.0× | n/a | n/a |
| JetBlue Airways JBLU | United States | $1.38B | -28% | +10% | -6% | n/a | n/a | n/a |
| China Express Airlines 002928.SZ | China | $1.34B | -12% | +4% | -17% | 155.2× | n/a | n/a |
| easyJet EZJ.L | United Kingdom | $6.96B | +90% | +10% | 5% | 68.9× | 4.8% | +27.4% |