SkyWest, Inc.
IndustrialsNASDAQ:SKYW · NASDAQ Global Select
+$2.04 today
Vol 0.33M · Avg 0.40M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$4.1B of revenue converted into $429.5M of net income for the selected period. Gross margin is 32.8% and net margin is 10.4%, showing how much revenue survives after costs and taxes. EPS is $10.43, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1B +15.0% | $3.5B +20.2% | $2.9B -2.3% | $3.0B +10.7% | $2.7B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.6B -43.1% | $2.7B +6.9% | $2.6B +2.3% | $2.5B -0.6% | $2.5B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $2.5B +216.7% | $789.0M +112.0% | $372.2M -25.5% | $499.3M +157.7% | $193.7M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 61.6% +39.2pp | 22.4% +9.7pp | 12.7% -3.9pp | 16.6% +9.5pp | 7.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 | $0 | $0 | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.9B +539.1% | $294.3M +9.8% | $268.1M -15.7% | $318.1M +487.3% | -$82.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $364.5M -5.0% | $383.9M +0.2% | $383.1M -2.9% | $394.6M -10.4% | $440.2M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.0B +11.2% | $930.4M +67.8% | $554.4M -9.7% | $614.2M -14.0% | $713.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 25.5% -0.9pp | 26.4% +7.5pp | 18.9% -1.6pp | 20.4% -5.9pp | 26.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $617.8M +24.9% | $494.7M +375.3% | $104.1M -42.6% | $181.2M -34.3% | $275.9M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 15.2% +1.2pp | 14.0% +10.5pp | 3.5% -2.5pp | 6.0% -4.1pp | 10.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $43.3M -9.7% | $48.0M +9.2% | $43.9M +149.5% | $17.6M +1480.3% | $1.1M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $104.4M -8.7% | $114.3M -12.7% | $130.9M +3.0% | $127.1M +3.2% | $123.1M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$52.3M +16.4% | -$62.5M +2.0% | -$63.8M +28.0% | -$88.6M +29.3% | -$125.3M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $565.6M +30.9% | $432.1M +972.1% | $40.3M -56.5% | $92.6M -38.5% | $150.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 13.9% +1.7pp | 12.2% +10.9pp | 1.4% -1.7pp | 3.1% -2.5pp | 5.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $137.3M +25.7% | $109.2M +1729.7% | $6.0M -69.6% | $19.6M -49.3% | $38.7M | $1.3B | -$1.6B | $745.2M |
| Net Income | $428.3M +32.6% | $323.0M +840.4% | $34.3M -52.9% | $73.0M -34.8% | $111.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.6% +1.4pp | 9.2% +8.0pp | 1.2% -1.3pp | 2.4% -1.7pp | 4.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $11 +32.4% | $8 +928.2% | $1 -45.8% | $1 -35.1% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $10 +33.2% | $8 +909.1% | $1 -46.5% | $1 -34.8% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $40.3M +0.1% | $40.3M -8.4% | $43.9M -13.1% | $50.5M +0.4% | $50.3M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $41.4M -0.3% | $41.5M -6.8% | $44.6M -11.9% | $50.6M -0.2% | $50.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Planet Labs PBC
NYSE:PL
$10.37B
Copa Holdings, S.A.
NYSE:CPA
$5.84B
Alaska Air Group, Inc.
NYSE:ALK
$5.27B
WillScot Holdings Corporation
NASDAQ:WSC
$5.09B
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
NASDAQ:OMAB
$4.91B
Spirit AeroSystems Holdings, Inc.
SPR
$4.64B
MDU Resources Group, Inc.
NYSE:MDU
$4.41B
Corporación América Airports S.A.
NYSE:CAAP
$4.31B
Mueller Water Products, Inc.
NYSE:MWA
$4.04B
Eos Energy Enterprises, Inc.
NASDAQ:EOSE
$1.58B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does SKYW generate?
SkyWest, Inc. (SKYW) reported $4.06B of revenue in fiscal 2025.
Is SKYW profitable?
SkyWest, Inc. (SKYW) reported $428.33M of net income, with a net margin of 10.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.