Stocks · Industrials · Airlines, Airports & Air Services
SkyWest, Inc. SKYW
$96.43 -1.29% Close, Oct 2, 2026 · NASDAQ · Market cap $3.82B
High qualityInexpensive vs sector
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 9.6× trailing earnings, lower than 89% of the company's own readings over the past five years.
- Revenue over the last four quarters was $4.19B, up 9.1% from a year earlier, slowing from 12.3% a quarter earlier.
- The diluted share count fell 3.2% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 45%
- EPS growth (TTM, YoY)Bottom 41%
- FCF growth (TTM, YoY)Top 39%
- Revenue growth, 3-year CAGRTop 28%
- Revenue growth accelerationBottom 14%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 41%
- Gross marginTop 2%
- Operating marginTop 25%
- Cash conversion (OCF / net income)Top 24%
- Accruals (lower is better)Top 27%
- Net debt / EBITDA (lower is better)Bottom 45%
- Interest coverTop 38%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 3%
- Free-cash-flow yieldTop 14%
- EBITDA / enterprise valueTop 4%
- Sales / enterprise valueTop 35%
- P/E vs own 5-year history (lower is better)Top 17%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 35%
- 6-month returnTop 49%
- 1-year return vs S&P 500Bottom 39%
- Distance from 52-week highTop 35%
- Trend checklist (0–4)Bottom 40%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 48%
- Consecutive EPS beatsBottom 16%
- Share of analysts rating BuyTop 49%
- Upside to consensus price targetBottom 26%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 40%
- Maximum drawdown, 3 yearsTop 25%
- Beta vs S&P 500 (lower is better)Bottom 49%
- Net debt / EBITDA (lower is better)Bottom 45%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 12.3% | 9.1% | ↓ |
| EPS growth (YoY) | 19.3% | 2.5% | ↓ |
| Gross margin | 26.2% | 71.4% | ↑ |
| Operating margin | 15.2% | 14.0% | ↓ |
| FCF margin | 6.6% | 7.5% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 9.1% | 12.3% | ↓ | Top 45% |
| EPS growth (TTM, YoY) | 2.5% | 19.3% | ↓ | Bottom 41% |
| Gross margin | 71.4% | 26.2% | ↑ | Top 2% |
| Operating margin | 14.0% | 15.2% | ↓ | Top 25% |
| Net margin | 9.8% | 10.6% | ↓ | — |
| Free-cash-flow margin | 7.5% | 6.6% | ↑ | — |
| Return on invested capital | 7.3% | — | Top 41% | |
| Revenue growth, 3-year CAGR | 10.5% | — | Top 28% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.31×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -7.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +15.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.26×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 5.28%
- Shareholder yield
- 5.28%
- Share count change, 1 year
- -3.2%
- Share count change, 3-year CAGR
- -3.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 24, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +4.6%
- Average 2-day reaction, last 8
- +0.5%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $112.00
- Target vs current price
- +16.1%
- Analysts with a rating
- 17
- Share rating Buy or Strong Buy
- 59%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -5.9% | +0.6% | +14.6% | +7.0% | — |
| Apr 23, 2026 | +16.3% | +1.2% | -12.1% | -9.1% | +8.4% |
| Jan 29, 2026 | -1.8% | +4.2% | +5.8% | +11.5% | -11.7% |
| Oct 30, 2025 | +9.8% | -1.5% | +2.2% | +4.8% | +1.6% |
| Jul 24, 2025 | +24.4% | -2.0% | +2.8% | -0.0% | -11.5% |
| Apr 24, 2025 | +18.6% | +2.4% | +2.5% | +13.0% | +29.3% |
| Jan 30, 2025 | +33.7% | +0.8% | +2.1% | -15.4% | -24.1% |
| Oct 31, 2024 | +12.5% | -1.4% | +16.5% | +18.1% | +20.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $2.54 | $2.70 | -5.9% | $1.10B |
| Apr 23, 2026 | $2.50 | $2.15 | +16.3% | $1.01B |
| Jan 29, 2026 | $2.21 | $2.25 | -1.8% | $1.02B |
| Oct 30, 2025 | $2.81 | $2.56 | +9.8% | $1.05B |
| Jul 24, 2025 | $2.91 | $2.34 | +24.4% | $1.04B |
| Apr 24, 2025 | $2.42 | $2.04 | +18.6% | $948.5M |
| Jan 30, 2025 | $2.34 | $1.75 | +33.7% | $944.4M |
| Oct 31, 2024 | $2.16 | $1.92 | +12.5% | $912.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 9.6× | 14.0× | 11th | Top 3% |
| P/E (forward) | 9.0× | — | — | — |
| EV / EBITDA | 6.2× | — | — | Top 4% |
| EV / Sales | 1.44× | — | — | Top 35% |
| Free-cash-flow yield | 8.24% | — | — | Top 14% |
| Earnings yield | 10.44% | — | — | Top 3% |
P/E over the past five years
Range 7.1× – 67.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -4.4%
- Earnings per share growth (TTM)
- +2.5%
- Change in P/E multiple
- -10.1%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -0.1%
- 200-day average slope (20 days)
- -0.2%
- Distance from 50-day average
- -5.7%
- Distance from 200-day average
- -0.3%
- RSI (14)
- 44.0
- Relative volume
- 0.69×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 37.9%
- Volatility vs own 5-year history
- 37th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.08
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -16.8%
- Maximum drawdown, 3 years
- -36.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 15, 2021 | Dec 28, 2022 | -75.6% | 452 days | 288 days (Feb 22, 2024) |
| Aug 26, 2025 | May 19, 2026 | -36.6% | 183 days | Not yet recovered |
| Jan 31, 2025 | Apr 8, 2025 | -34.3% | 46 days | 95 days (Aug 25, 2025) |
| Jul 16, 2024 | Aug 5, 2024 | -22.3% | 14 days | 47 days (Oct 10, 2024) |
| Oct 23, 2020 | Oct 28, 2020 | -17.6% | 3 days | 8 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.82B
- P/E (TTM)
- 9.6
- EPS, diluted (TTM)
- $10.07
- Revenue (TTM)
- $4.19B
- 52-week range
- $77.89 – $117.72
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.71B | $3.00B | $2.94B | $3.53B | $4.06B |
| Gross profit | $193.7M | $499.3M | $372.2M | $789.0M | $2.50B |
| Operating income | $275.9M | $181.2M | $104.1M | $494.7M | $617.8M |
| Net income | $111.9M | $73.0M | $34.3M | $323.0M | $428.3M |
| EPS (diluted) | $2.21 | $1.44 | $0.77 | $7.77 | $10.35 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $912.8M | $944.4M | $948.5M | $1.04B | $1.05B | $1.02B | $1.01B | $1.10B |
| Net income | $89.7M | $97.4M | $100.6M | $120.3M | $116.4M | $91.2M | $101.7M | $100.7M |
| EPS (diluted) | $2.16 | $2.34 | $2.42 | $2.90 | $2.82 | $2.21 | $2.50 | $2.54 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $831.8M | $480.4M | $736.3M | $692.5M | $940.4M |
| Capital expenditure | -$681.4M | -$682.6M | -$316.3M | -$328.3M | -$653.4M |
| Free cash flow | $150.4M | -$202.2M | $420.0M | $364.2M | $287.0M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $3.1M | $3.0M | -$289.1M | -$40.5M | -$82.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $601.0M
- Total assets
- $7.41B
- Total liabilities
- $4.65B
- Total debt
- $2.30B
- Net debt
- $2.22B
- Shareholders’ equity
- $2.76B
As of Jun 30, 2026 (filed Jul 24, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Mar 30, 2020 | $0.14 | Apr 6, 2020 |
| Dec 30, 2019 | $0.12 | Jan 7, 2020 |
| Sep 27, 2019 | $0.12 | Oct 4, 2019 |
| Jun 27, 2019 | $0.12 | Jul 5, 2019 |
| Mar 28, 2019 | $0.12 | Apr 4, 2019 |
| Dec 28, 2018 | $0.10 | Jan 7, 2019 |
| Sep 27, 2018 | $0.10 | Oct 4, 2018 |
| Jun 28, 2018 | $0.10 | Jul 5, 2018 |
Short interest
- Shares sold short
- 1,803,680
- Days to cover
- 6.21
- Change vs previous report
- +5.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Dec 18, 2000
- 2-for-1
- Jun 9, 1998
- 2-for-1
- May 11, 1993
- 3-for-2