SkyWest, Inc. (SKYW) Stock

SkyWest, Inc. (SKYW) is a Industrials stock trading at $101.69 (as of 2026-08-24), with a market capitalization of $3.95B and a trailing P/E of 9.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SkyWest, Inc. operates a regional airline in the United States through its SkyWest Airlines and SkyWest Leasing segments. It provides scheduled passenger and air freight service and offers aircraft and spare engine leasing to third parties, as well as airport customer and ground handling services for other airlines.

Understand SkyWest, Inc.: how it makes money

SkyWest operates a regional airline in the United States, plus a leasing business, earning most of its money from flying agreements (contracted scheduled passenger and air freight flying) and also from leasing regional jet aircraft and spare engines, along with some airport and other services.

Because Flying Agreements Revenue is the dominant revenue source, SkyWest’s ability to reliably complete scheduled flying (as reflected in Adjusted Flight Completion Percentage) is a central driver of its contract-based profit model, with additional contribution from leasing aircraft and spare engines to third parties.

Business quality (Mixed): Contract flying appears to be the core of the business, so operating reliability and completion metrics matter, while the bear case centers on disruption risk and exposure to the contract flying model.

Valuation: At 10× earnings, SKYW trades 46% below the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

Revenue is heavily tied to flying agreements: Flying Agreements Revenue is the largest named revenue category (about 0.98B), indicating the core model is built around contracted flying.
Strong flight completion performance: Adjusted Flight Completion Percentage is 99.9 percent, supporting the idea that SkyWest is meeting reliability requirements tied to its scheduled operations.

Bear case

Disruption can directly reduce operations: The company lists Canceled Flights Due to Government Shutdown (Approximate) at 2,000 and Canceled Block Hours Due to Government Shutdown (Approximate) at 3,000, highlighting operational downside during external disruptions.
The contract-driven model may concentrate risk: With Flying Agreements Revenue comprising the majority of revenue among the provided categories, adverse changes to contract terms or required flying levels could pressure results.

Valuation — source: SEC EDGAR (first-party)
Price	$101.69
Market Cap	$3.95B
P/E Ratio	9.4
EV / EBITDA	6.5
Price / Book	1.43
Price / Sales	0.94
FCF Yield	33.6%
DCF Value (model)	$105.00
DCF Upside vs Price	3.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$4.06B
Net Margin	10.6%
Revenue Growth (YoY)	15.0%
EPS Growth (YoY)	32.4%
FCF Growth (YoY)	40.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.84 (grey)

Valuation vs Sector & Industry
Stock P/E	9.4
Sector P/E (Industrials)	26.0
Industry P/E (Transportation)	17.0
vs Sector	-63.9%
vs Industry	-44.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($618.36M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Transportation
CEO	Russell A. Childs
Employees	12,876
Country	US
IPO Date	1986-06-26

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.