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SkyWest Inc (SKYW) Fair Value & Analysis

Industrials · US · Market cap $3.9B · ISIN US8308791024

What is SkyWest Inc really worth?

SI SkyWest Inc logo SkyWest Inc SKYW · US
Price$96.24
Fair Value$59.88
Upside−37.8%
Quality61/100

A solid business, but trading 61% above our fair value of $59.88.

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Strengths

✓Healthy Growth (revenue 5y +13.8 %/yr)
✓Solidly profitable · 10.4% net margin
✓Moderate debt · generates free cash flow

Risks

!Mixed vs. peers (7/15)
!Moderate moat 52/100
!The models disagree: range $30.07 to $109.32
!Weak on dividend: 1 out of 100
Evidence: High Range $30.07 – $109.32

Fair value as of: Aug 27, 2026

From 26 valuation models · updated 8 days ago

Fair value updated Aug 27, 2026, revised from $131.88 to $59.88 (−54.6%) since Aug 13, 2026. Share price −16.3% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide ($30.07 to $109.32). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

$123.72 $14.87 Fair Value $59.88 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range $14.87 – $123.72 · fair‑value band $30.07 – $109.32 · the $96.24 price screens above the $59.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

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Analysis

SkyWest Inc (SKYW) currently trades at $96.24, while our model-based Fair Value estimate is $59.88, implying the stock looks roughly 60.7% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $209.31 per share, and 15 of the 26 models we run sit above the $96.24 price. Bear case: the Asset-Based group reads lowest at $46.40, and 11 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, SkyWest Inc generated revenue of $4.1B at a net margin of 10.4%. Revenue grew 6.8% year over year. It earns a return on equity of 16.5%. Net debt stands at $2.4B. Fundamentals as of Aug 27, 2026

Our scenario range runs from $30.07 (bear case) to $109.32 (bull case); at $96.24, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 45% fair-value upside, at −38%, SKYW screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $7.09 per share, which is 11.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $37.10 $83.86 $154.66 76
Growth DCF $37.75 $78.00 $134.68 75
EPV $66.73 $84.12 $99.13 74
All 26 models by family
DCF Models
FCF DCF $37.10 $83.86 $154.66 76
Owner Earnings — $18.42 $52.83 73
5Y Revenue Exit $64.98 $142.01 $242.71 69
5Y EBITDA Exit $124.73 $256.51 $414.55 73
5Y P/E Exit $83.46 $177.42 $278.65 68
10Y Revenue Exit $49.96 $117.28 $212.11 63
10Y EBITDA Exit $91.42 $196.02 $343.25 65
10Y P/E Exit $65.45 $141.63 $239.54 61
Earnings-Based
Graham-Dodd $73.44 $256.19 $344.38 64
Lynch FV $59.57 $85.10 $110.64 61
PEG = 1.0 $59.57 $85.10 $110.64 57
EPV $66.73 $84.12 $99.13 74
Dividend Discount
Gordon GGM $0.2500 $0.5100 $0.7700 66
DDM Multi-Stage $0.2500 $0.4400 $0.5400 67
Multiples
P/E Multiple $170.10 $226.80 $283.50 63
P/S Multiple $137.70 $183.60 $229.50 58
P/B Multiple $137.70 $183.60 $229.50 55
EV/EBIT $155.19 $221.40 $287.61 65
EV/EBITDA $198.06 $278.56 $359.06 67
EV/Revenue $85.49 $140.75 $196.00 52
Asset-Based
NCAV (Graham) $34.62 $46.40 $69.25 54
Growth DCF
Growth DCF $37.75 $78.00 $134.68 75
Rev-Margin DCF $64.98 $140.70 $230.12 70
Economic Profit
Residual Income $69.20 $95.31 $320.03 64
ROIC Compounder $66.73 $93.73 $130.14 71
Growth Earnings
Growth-Adj P/E $146.52 $209.31 $272.11 67

Widest divergence: Growth Earnings ($209.31) versus Dividend Discount ($0.4400). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 9.2
P/S ratio 0.97 P/E × margin
EPS (TTM) $10.43 price ÷ EPS = P/E 9.2
Dividend yield 0.0% payout 0.3%
Net margin 10.6% FY2025
Return on equity 16.5% TTM
More key figures
Profitability
Return on assets (EBIT) 4.6% avg 5y
Operating margin 12.2% TTM
Growth
Revenue (TTM) $4.1B TTM
Revenue growth (YoY) +6.8% 3y avg +10.5%
EPS growth (YoY) +3.3%
Balance sheet & cash flow
Free cash flow $287M FY2025
Net debt $2.4B FY2025 · ≈ 8.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 38

Profitability 50
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

SkyWest, Inc., through its subsidiaries, engages in the operation of a regional airline in the United States. It operates through SkyWest Airlines and SWC; and SkyWest Leasing segments.

Full company description

SkyWest, Inc., through its subsidiaries, engages in the operation of a regional airline in the United States. It operates through SkyWest Airlines and SWC; and SkyWest Leasing segments. The company is also involved in leasing regional jet aircraft and spare engines to third parties and provision of on-demand charter service, airport customer service, and ground handling services for other airlines. As of December 31, 2025, its fleet consisted of 637 aircraft, including 487 aircraft in scheduled service and air freight services with approximately 2,260 total daily departures to various destinations in the United States, Canada, and Mexico. SkyWest, Inc. was incorporated in 1972 and is headquartered in Saint George, Utah.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SkyWest Inc reported revenue of $4.1B in FY2025 versus $2.7B in FY2021, a compound +10.6%/yr. Reported net income was $428M in FY2025, compounding +39.9%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$4.1B
Latest YoY
+15.0%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.8%
Avg. revenue growth/yr (40Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.7%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+18.6% (18.6 + 0.0)
Revenue +10.6%/yr
FY21 $2.7B
FY22 $3.0B
FY23 $2.9B
FY24 $3.5B
FY25 $4.1B
Net income +39.9%/yr
FY21 $112M
FY22 $73.0M
FY23 $34.3M
FY24 $323M
FY25 $428M

SKYW screens 61% overvalued. Compare with Delta Air Lines, Inc →

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SkyWest Inc · Fair Value
$59.88 −61%Fair Value
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Cite: Fair Value Calculator (2026). "SkyWest Inc Fair Value". https://www.fairvalue-calculator.com/stock/SKYW

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Airlines · 57 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Top 25%
Fair Value upside −38% · Bottom 25%
Return on equity (TTM) 17% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 7% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.67× · Higher than median

Valuation Multiples vs Airlines median · lower = cheaper

P/E (TTM) 9.2× · Cheaper than median
P/B 1.40× · Cheaper than median
P/S (TTM) 0.94× · Pricier than 75% of peers
P/FCF 13.4× · Pricier than 75% of peers
EV/EBITDA 5.8× · Pricier than median
PEG 1.66× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 53
FUTURE34 · sector 51
PAST66 · sector 48
HEALTH66 · sector 69
DIVIDEND1 · sector 48

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Airlines stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Delta Air Lines, Inc DAL $80.07 $115.82 +45%
United Airlines Holdings UAL $110.60 $175.62 +59%
Ryanair Holdings RYA €25.47 €41.26 +62%
Southwest Airlines Co LUV $38.73 $14.76 −62%
InterGlobe Aviation Limited INDIGO ₹5,166 ₹3,073 −41%
Singapore Airlines Limited C6L 7.09 SGD 7.89 SGD +11%
Air China Limited 601111 ¥5.94 ¥7.16 +21%
LATAM Airlines Group LTM $52.50 $106.79 +103%
China Southern Airlines Company 600029 ¥5.08 ¥1.28 −75%
Deutsche Lufthansa AG LHA €7.99 €18.94 +137%

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Frequently asked questions

Is SkyWest Inc (SKYW) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of $59.88 versus a price of $96.24, about −38% upside (overvalued).
What is the fair value of SKYW?
Our model-based fair value for SkyWest Inc is $59.88 (as of Aug 27, 2026), built from audited fundamentals. The current price: $96.24.
What is the quality score of SKYW?
SkyWest Inc has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of SkyWest Inc (SKYW)?
SkyWest Inc reported trailing-twelve-month revenue of about $4.1B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of SKYW?
The net profit margin of SkyWest Inc is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.
Does SkyWest Inc pay a dividend?
SkyWest Inc currently shows a dividend yield of about 0.03% relative to its recent price (as of Aug 27, 2026).
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