SkyWest (SKYW) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
3.5B
Gross Profit
789.0M
22.36%
Operating Income
494.7M
14.02%
Net Income
323.0M
9.15%
EPS (Diluted)
$7.77
Balance Sheet Metrics
Total Assets
7.1B
Total Liabilities
4.7B
Shareholders Equity
2.4B
Debt to Equity
1.96
Cash Flow Metrics
Operating Cash Flow
701.7M
Free Cash Flow
364.2M
Revenue & Profitability Trend
SkyWest Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 3.5B | 2.9B | 3.0B | 2.7B | 2.1B |
| Cost of Goods Sold | 2.7B | 2.6B | 2.5B | 2.5B | 2.1B |
| Gross Profit | 789.0M | 372.2M | 499.3M | 193.7M | -13.9M |
| Operating Expenses | 294.3M | 268.1M | 318.1M | -166.7M | -122.7M |
| Operating Income | 494.7M | 104.1M | 181.2M | 360.5M | 108.8M |
| Pre-tax Income | 432.1M | 40.3M | 92.6M | 150.6M | -7.3M |
| Income Tax | 109.2M | 6.0M | 19.6M | 38.7M | 1.2M |
| Net Income | 323.0M | 34.3M | 73.0M | 111.9M | -8.5M |
| EPS (Diluted) | $7.77 | $0.77 | $1.44 | $2.20 | -$0.17 |
Income Statement Trend
SkyWest Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.1B | 1.1B | 1.4B | 1.1B | 982.8M |
| Non-Current Assets | 6.0B | 5.9B | 6.0B | 6.1B | 5.9B |
| Total Assets | 7.1B | 7.0B | 7.4B | 7.1B | 6.9B |
| Liabilities | |||||
| Current Liabilities | 1.4B | 1.3B | 1.2B | 1.2B | 941.7M |
| Non-Current Liabilities | 3.3B | 3.7B | 3.9B | 3.7B | 3.8B |
| Total Liabilities | 4.7B | 4.9B | 5.1B | 4.9B | 4.7B |
| Equity | |||||
| Total Shareholders Equity | 2.4B | 2.1B | 2.3B | 2.3B | 2.1B |
Balance Sheet Composition
SkyWest Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 323.0M | 34.3M | 73.0M | 111.9M | -8.5M |
| Operating Cash Flow | 701.7M | 748.0M | 452.9M | 840.7M | 612.8M |
| Investing Activities | |||||
| Capital Expenditures | -323.1M | -288.8M | -527.2M | -641.3M | -416.8M |
| Investing Cash Flow | -228.6M | -23.2M | -904.9M | -698.5M | -683.5M |
| Financing Activities | |||||
| Dividends Paid | - | - | 0 | 0 | -13.1M |
| Financing Cash Flow | -384.8M | -667.8M | 269.1M | -90.6M | 178.4M |
| Free Cash Flow | 364.2M | 420.0M | -202.2M | 150.4M | 185.6M |
Cash Flow Trend
SkyWest Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
11.19
Forward P/E
11.71
Price to Book
1.60
Price to Sales
1.08
PEG Ratio
11.71
Profitability Ratios
Profit Margin
9.89%
Operating Margin
14.69%
Return on Equity
15.66%
Return on Assets
4.70%
Financial Health
Current Ratio
0.76
Debt to Equity
106.83
Beta
1.91
Per Share Data
EPS (TTM)
$8.74
Book Value per Share
$61.00
Revenue per Share
$91.11
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| skyw | 4.0B | 11.19 | 1.60 | 15.66% | 9.89% | 106.83 |
| Delta Air Lines | 32.1B | 8.72 | 2.06 | 27.52% | 5.91% | 151.36 |
| United Airlines | 25.8B | 7.19 | 2.05 | 33.57% | 6.34% | 260.98 |
| American Airlines | 7.3B | 11.06 | -1.59 | -21.27% | 1.26% | -8.12 |
| Alaska Air | 5.8B | 17.17 | 1.42 | 8.90% | 2.86% | 151.70 |
| Copa Holdings S.A | 4.2B | 7.01 | 1.71 | 26.06% | 17.64% | 78.15 |
Financial data is updated regularly. All figures are in the company's reporting currency.