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Nasdaq · Industrials

SKYWEST INC (SKYW)

As-reported financials and SEC filings for SKYWEST INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About SKYWEST INC

SkyWest Inc operates as a regional airline providing scheduled air transportation services. It offers passenger flights primarily through capacity purchase agreements with major airlines such as United, Delta, American, and Alaska Airlines. The company serves travelers by connecting smaller markets to larger airline networks across the United States.

Snapshot

Revenue
$4.06B
Revenue growth (YoY)
15.0%
Net income
$428.3M
Diluted EPS
$10.35
Gross margin
Operating margin
15.2%
Net margin
10.6%
FCF margin
22.4%
ROE
15.6%
net income / fiscal-year-end equity
P/E
9.8×
trailing when available, otherwise FY EPS
Market cap
$3.84B
Long-term debt / equity
0.67×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Skywest

  • Revenue grew 15.0% to $4.1B in FY2025, slower than the 20.2% the year before.
  • Operating margin is 15.2% in FY2025, +5.1 pp against 10.2% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.1B, up 6.5% from Q2 FY2025.
  • Free cash flow was $908M in FY2025, 22.4% of revenue.
  • Net income rose 32.6% to $428M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Skywest’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin15.2%
79th percentile of 605
Net margin10.6%
76th percentile of 645
FCF margin22.4%
94th percentile of 562
Revenue growth (YoY)+15.0%
76th percentile of 668
ROE15.6%
73rd percentile of 600
P/E9.8×
13th percentile of 434
Long-term debt / equity0.67×
64th percentile of 409
Short interest4.81d
72nd percentile of 676

Skywest’s FCF margin of 22.4% ranks in the 94th percentile of the 562 Industrials companies reporting it. Skywest’s P/E of 9.8 ranks in the 13th percentile of the 434 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $12.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
6
6 trimmed, 0 exited
Combined position
$98.6M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$26.3M265.2KReduced
Millennium ManagementquantQ2 2026$19.7M198.0KReduced
Citadel AdvisorsquantQ2 2026$15.5M155.8KAdded
AQR Capital ManagementquantQ2 2026$13.7M138.2KReduced
D. E. ShawquantQ2 2026$11.8M118.9KAdded
Two Sigma InvestmentsquantQ2 2026$7.9M79.4KReduced
Bridgewater AssociatesQ2 2026$2.1M21.0KReduced
Gotham Asset ManagementQ2 2026$1.6M16.5KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
9
$12.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-03
filed 2026-08-05
Steel Wade JCHIEF COMMERCIAL OFFICERSell22.0K$111.44$2.5M
2026-07-30
filed 2026-07-31
Wooley GregEXEC VP OPERATIONSSell17.7K$108.55$1.9M
2026-07-29
filed 2026-07-31
SIMMONS ROBERT JCHIEF FINANCIAL OFFICERSell15.0K$109.67$1.6M
2026-07-29
filed 2026-07-31
SIMMONS ROBERT JCHIEF FINANCIAL OFFICERSell7.6K$112.04$848K
2026-07-29
filed 2026-07-31
SIMMONS ROBERT JCHIEF FINANCIAL OFFICERSell2.4K$110.71$270K
2026-07-28
filed 2026-07-30
Childs Russell APRESIDENT & CEOSell36.2K$113.46$4.1M
2026-07-28
filed 2026-07-30
Childs Russell APRESIDENT & CEOSell9.9K$112.63$1.1M
2026-07-28
filed 2026-07-30
Childs Russell APRESIDENT & CEOSell2.6K$111.46$290K
2026-07-28
filed 2026-07-30
Childs Russell APRESIDENT & CEOSell1.8K$114.11$209K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.6M
settled 2026-08-14
Change vs prior
+1.5%
vs previous settlement
Days to cover
4.81
at avg daily volume
Avg daily volume
329.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.6M+1.5%4.81
2026-07-311.6M-17.6%2.97
2026-07-151.9M+12.2%5.08
2026-06-301.7M+6.3%3.20
2026-06-151.6M+31.9%3.85
2026-05-291.2M-4.8%3.36
2026-05-151.3M+4.1%3.60
2026-04-301.2M+2.0%2.71

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.06B$3.53B$2.94B$3.00B$2.71B
Gross profit
Operating income$617.8M$494.7M$104.1M$181.2M$275.9M
Net income$428.3M$323.0M$34.3M$73.0M$111.9M
Diluted EPS$10.35$7.77$0.77$1.44$2.20

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$122.7M$227.4M$148.3M$103.0M$258.4M
Current assets$1.09B$1.12B$1.13B$1.37B$1.07B
Total assets$7.39B$7.14B$7.03B$7.41B$7.13B
Current liabilities$1.67B$1.43B$1.25B$1.17B$1.19B
Long-term debt$1.85B$2.14B$2.56B$2.94B$2.72B
Total liabilities$4.64B$4.73B$4.91B$5.07B$4.86B
Total equity$2.75B$2.41B$2.11B$2.35B$2.27B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$940.4M$692.5M$736.3M$480.4M$831.8M
Capital expenditure$32.0M$44.9M$13.3M$13.0M$18.1M
Free cash flow$908.3M$647.6M$723.1M$467.3M$813.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.10B6.5%$100.7M$2.54
Q1 FY2026$1.01B6.8%$101.7M$2.50
Q4 FY2025$1.02B8.5%$91.2M$2.21
Q3 FY2025$1.05B15.0%$116.4M$2.81
Q2 FY2025$1.04B19.4%$120.3M$2.91
Q1 FY2025$948.5M18.0%$100.6M$2.42
Q4 FY2024$944.4M$97.4M$2.34
Q3 FY2024$912.8M$89.7M$2.16

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryAir Transportation, Scheduled
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2009
SEC CIK793733

Selected SEC filings

10-K2026-02-17
View on EDGAR →
10-Q2026-07-24
View on EDGAR →
10-Q2026-04-24
View on EDGAR →
10-Q2025-10-31
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-04-23
View on EDGAR →
8-K2026-01-29
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.