SkyWest Inc. Common Stock (SKYW)

FairStock Score: 67/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

SkyWest is a regional airline, not a glamorous franchise. It flies under agreements for major carriers, leases jets, and benefits from a fleet of 637 aircraft as of December 31, 2025. That scale and regulatory footprint offer some stability, but a true wide moat is hard to prove in a capital-intensive, cyclical industry. The numbers are mixed. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.1B and net income $100.7M, or $2.54 per diluted share. A year earlier, in fiscal Q2 2025, the quarter ended 2025-06-30, net income was $120.3M and EPS $2.91, so profits have slipped. For fiscal 2025, the year ended 2025-12-31, revenue was $4.1B, net income $428.3M and EPS $10.35; fiscal 2024, ended 2024-12-31, had $323.0M net income; fiscal 2023, ended 2023-12-31, had $34.3M. The recovery was real, but the latest quarter suggests peak margins may be cooling. At the 2026-10-13 close of $94.52, FairStock calculates a P/E of 9.39, P/B of 1.33, ROE of 15.34%, and FCF yield of 8.6%. The Graham Number is $126.77, offering a 25.44% margin of safety, and Piotroski is 7/9. Yet FairStock's Altman Z is 1.18, and the data show D/E is 0.86, so the balance sheet warrants caution; its ROCE is 5.04%. This is a cyclical airline with decent cash generation and an inexpensive-looking price, but not a set-and-forget compounder. I would want evidence that contract renewals, fleet utilization, and margins can hold before trusting the low multiple.

In plain English: SkyWest flies regional aircraft for bigger airlines and also leases planes. The business is profitable and produces cash, but recent quarterly profit fell from a year earlier, and its debt makes it riskier than many steadier companies. At the recent price, the shares look inexpensive compared with the company's annual profit, though airline earnings rise and fall with travel demand.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer