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SkyWest Income Statement 2025-2008 | SKYW
Brief overview of revenue and earnings at SkyWest
The conclusions below are based on five years of reported results. The revenue attributed to SkyWest moved from $2.1 billion to $4.1 billion between the two endpoints. Overall revenue changed by +90.8%, equal to an annualized rate of about 13.8%. Revenue followed a strong upward trend without signs of stagnation.
The five-year change in gross profit reached +92.1%: from $1.3 billion to $2.5 billion. Cost of revenue moved broadly in line with sales. At the margin level, the figure shifted from 61.2% to 61.6%. The gross margin stayed within a similar range.
EBITDA changed from $584 million to $982 million (+68.3%). Operating performance weakened relative to revenue. The EBITDA share of revenue changed from 27.4% to 24.2%. Operating return per unit of revenue declined.
Comparing the endpoints shows a move from −$8.5 million to $428 million. A negative result turned positive over the five years.
The five-year change in capitalization reached +52.7%: from $2.8 billion to $4.3 billion. The valuation did not keep pace with the reported progress.
Financial takeaway
The financial profile remains mixed, with strengths and risks moving in different directions. The positive side is supported by steady gross profitability, sales growth and net-income growth. Caution is warranted because of weaker operating efficiency. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement SkyWest
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
4.32 B | 4.4 B | 2.58 B | 1.04 B | 1.42 B | 2.83 B | 3.13 B | 2.65 B | 2.89 B | 1.8 B | 767 M | 643 M | 698 M | 645 M | 666 M | 761 M | 603 M | - |
Shares |
40.3 M | 40.3 M | 43.9 M | 50.5 M | 50.3 M | 50.2 M | 50.9 M | 51.9 M | 51.8 M | 51.5 M | 51.1 M | 51.2 M | 51.7 M | 51.1 M | 52.2 M | 55.6 M | 55.9 M | - |
Historical Prices |
107 | 109 | 58.8 | 20.6 | 28.1 | 56.4 | 45.1 | 53.2 | 53.6 | 34.1 | 17.3 | 13.9 | 11.9 | 13 | 10.4 | 13.7 | 10.8 | 15.4 |
Net Income |
428 M | 323 M | 34.3 M | 73 M | 112 M | -8.52 M | 340 M | 280 M | 429 M | -162 M | 118 M | -24.2 M | 59 M | 51.2 M | -27.3 M | 96.4 M | 83.7 M | - |
Revenue |
4.06 B | 3.53 B | 2.94 B | 3 B | 2.71 B | 2.13 B | 2.97 B | 3.22 B | 3.2 B | 3.12 B | 3.1 B | 3.24 B | 3.3 B | 3.53 B | 3.65 B | 2.77 B | 2.61 B | - |
Cost of Revenue |
1.56 B | 1.46 B | 1.32 B | 1.21 B | 987 M | 826 M | 2.46 B | 2.75 B | 2.73 B | 3.24 B | 1.2 B | 1.26 B | 1.21 B | 1.17 B | 1.16 B | 765 M | 698 M | - |
Gross Profit |
- | - | - | - | - | - | 778 M | 747 M | 688 M | 549 M | 494 M | 363 M | 392 M | 396 M | 2.04 B | - | - | - |
Operating Income |
618 M | 495 M | 104 M | 181 M | 276 M | 109 M | 512 M | 474 M | 388 M | -173 M | 235 M | 24.8 M | 153 M | 166 M | 41.1 M | 202 M | 212 M | - |
Interest Expense |
8.86 M | 3.86 M | 131 M | 127 M | 123 M | 123 M | 128 M | 120 M | 105 M | 78.2 M | 75.8 M | 66 M | 68.7 M | 77.4 M | 80.4 M | 86.5 M | 86.3 M | - |
EBITDA |
982 M | 879 M | 487 M | 576 M | 716 M | 584 M | 902 M | 809 M | 681 M | 578 M | 499 M | 359 M | 398 M | 418 M | 301 M | 438 M | 434 M | - |
Operating Expenses |
3.44 B | 3.03 B | 2.83 B | 2.82 B | 2.44 B | 2.02 B | 244 M | 273 M | 299 M | 256 M | 260 M | 264 M | 239 M | 230 M | 2 B | - | - | - |
General and Administrative Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.5 B | - | - | - |
All numbers in USD currency
Quarterly Income Statement SkyWest
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
39.4 M | 40 M | 40.3 M | 40.4 M | 40.5 M | 40.3 M | 40.2 M | 40.3 M | 41.8 M | 43.8 M | 49.4 M | - | 50.6 M | 50.5 M | 50.5 M | - | 50.4 M | 50.3 M | 50.3 M | 50.2 M | 50.2 M | 50.1 M | 50.3 M | 50.4 M | 50.7 M | 51.1 M | 51.4 M | 51.9 M | 52 M | 52 M | 51.6 M | 51.8 M | 51.8 M | 51.8 M | 51.8 M | 51.8 M | 51.6 M | 51.4 M | 51.2 M | 50.9 M | 50.6 M | 51.4 M | 51.5 M | 51.2 M | 51.1 M | 51.2 M | 51.5 M | 51.2 M | 51.9 M | 51.9 M | 51.8 M | 51.3 M | 51.2 M | 50.9 M | 50.9 M | 50.7 M | 51.6 M | 52.7 M | 53.8 M |
Net Income |
101 M | 102 M | 116 M | 120 M | 101 M | 89.7 M | 75.6 M | 60.3 M | 23.5 M | 15.4 M | -22.1 M | - | 48.4 M | 54 M | 17.7 M | - | 9.68 M | 62 M | 35.9 M | -46.4 M | 33.7 M | -25.7 M | 30 M | 72.5 M | 91.3 M | 88.1 M | 88.2 M | 54.4 M | 75.9 M | 83 M | 67.1 M | 290 M | 53.7 M | 50.5 M | 34.8 M | -270 M | 41.3 M | 40.2 M | 27.1 M | 40.5 M | 36.3 M | 31.5 M | 9.62 M | -27.9 M | 41.3 M | -14.7 M | -22.9 M | 8.61 M | 26.4 M | 20.7 M | 3.23 M | 13.9 M | 20.9 M | 17 M | -682 K | -18 M | 116 K | 1.58 M | -11.1 M |
Revenue |
1.1 B | 1.01 B | 1.05 B | 1.04 B | 948 M | 913 M | 867 M | 804 M | 766 M | 726 M | 692 M | - | 789 M | 799 M | 735 M | - | 745 M | 657 M | 535 M | 590 M | 457 M | 350 M | 730 M | 744 M | 760 M | 744 M | 724 M | 783 M | 806 M | 829 M | 803 M | 797 M | 832 M | 810 M | 765 M | 758 M | 800 M | 801 M | 762 M | 753 M | 794 M | 788 M | 760 M | 814 M | 835 M | 817 M | 772 M | 804 M | 851 M | 839 M | 803 M | 811 M | 865 M | 937 M | 921 M | 900 M | 955 M | 934 M | 866 M |
Cost of Revenue |
427 M | 422 M | 392 M | 390 M | 377 M | 377 M | 355 M | 351 M | 333 M | 322 M | 335 M | - | 308 M | 289 M | 300 M | - | 266 M | 542 M | 454 M | - | 383 M | 354 M | 664 M | - | 614 M | 600 M | 627 M | - | 691 M | 679 M | 695 M | - | 700 M | 685 M | 671 M | - | 306 M | 304 M | 306 M | - | 305 M | 299 M | 303 M | - | 316 M | 311 M | 318 M | - | 307 M | 300 M | 297 M | - | 297 M | 291 M | 291 M | - | 288 M | 290 M | 286 M |
Operating Income |
156 M | 124 M | 174 M | 170 M | 139 M | 131 M | 120 M | 99.5 M | 49.3 M | 31.9 M | -4.7 M | - | 75.6 M | 88.6 M | 52 M | - | 47 M | 115 M | 80.8 M | -27.7 M | 74.6 M | -4.4 M | 66.3 M | 125 M | 146 M | 144 M | 96.4 M | 88.2 M | 127 M | 138 M | 122 M | 92.9 M | 112 M | 107 M | 76.3 M | -404 M | 85.8 M | 84.1 M | 61.8 M | 52.2 M | 78.3 M | 69.9 M | 34.1 M | -19.7 M | 59.1 M | 13.2 M | -27.8 M | 30.8 M | 56.2 M | 50.6 M | 15.6 M | 43.8 M | 55 M | 46.8 M | 20.5 M | -4.99 M | 26.8 M | 19 M | 227 K |
Interest Expense |
-844 K | -48 K | -1.93 M | 8.5 M | -1.63 M | 109 K | -548 K | -1.13 M | -3.63 M | 9 M | 33.6 M | - | 33.3 M | 30.4 M | 28.6 M | - | 29 M | 33.9 M | 31.4 M | - | 30.2 M | 30.9 M | 30.2 M | - | 31.6 M | 32.8 M | 32.5 M | - | 31.4 M | 28.8 M | 26.2 M | - | 27.1 M | 27.1 M | 24.5 M | - | 19.9 M | 18.3 M | 17.7 M | - | 19.9 M | 18.1 M | 18.5 M | - | 16.9 M | 16.1 M | 15.7 M | - | 17 M | 17.5 M | 18 M | - | 19.5 M | 19.4 M | 19.8 M | - | 20.1 M | 20.1 M | 20.2 M |
EBITDA |
248 M | 214 M | 267 M | 260 M | 229 M | 228 M | 216 M | 195 M | 146 M | 129 M | 89.4 M | - | 173 M | 186 M | 155 M | - | 157 M | 225 M | 190 M | -27.7 M | 196 M | 127 M | 178 M | 125 M | 239 M | 234 M | 186 M | 88.2 M | 213 M | 221 M | 199 M | 92.9 M | 186 M | 178 M | 146 M | -404 M | 158 M | 154 M | 130 M | 52.2 M | 145 M | 135 M | 99.8 M | -19.7 M | 125 M | 77.5 M | 34.5 M | 30.8 M | 117 M | 112 M | 76.6 M | 43.8 M | 118 M | 111 M | 84.8 M | -4.99 M | 90.2 M | 82.7 M | 63.4 M |
Operating Expenses |
947 M | 889 M | 876 M | 865 M | 809 M | 781 M | 747 M | 704 M | 717 M | 694 M | 697 M | - | 714 M | 710 M | 683 M | - | 698 M | - | 454 M | - | 383 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company SkyWest (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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