Is the business good?
How good a business is SKYW?
SkyWest, Inc. earns 10% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
10%
Return on invested capital · cost of capital 9.0% · 1.4 points above what the capital costs: growth creates value
- Operating margin
- 14%
Operating margin · Airlines median 6.3% · 12 months to Q2 2026
- Share count, year on year
- −4.2%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 5.1% |
| FY2021 | 10% |
| FY2022 | 6.0% |
| FY2023 | 3.5% |
| FY2024 | 14% |
| FY2025 | 15% |
Details›
- Operating margin12 months to Q2 2026
- 14%
- Free cash flow margin
- 10%
- Revenue, trailing twelve months
- $4.19B
- Free cash flow, trailing twelve months
- $425M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 10%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.