Sky Harbour Group Corp. (SKYH) intrinsic value & 10-year financials
Sky Harbour Group Corp. (SKYH) has a Graham intrinsic value of $2.99 per share. At $9.10 on Oct 17, 2026, the stock trades 204% above that value. Over the last 6 fiscal years revenue grew 104.4% a year to $27.5M, with an average return on invested capital of -9.5%.
- Graham intrinsic value
- $2.99
- Share price (Oct 17, 2026)
- $9.10
- Price vs Graham value
- 204% above
- Market cap
- $707.7M
- Revenue (FY2025)
- $27.5M
- Revenue growth (6-yr CAGR)
- 104.4%
- ROIC (10-yr avg)
- -9.5%
- Free cash flow (FY2025)
- -$11.8M
SKYH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $27.5M | $18.8M | $0.09 | -$11.8M | -101.8% | -12.1% |
| FY2024 | $14.8M | -$45.2M | -$0.59 | -$11.4M | -138.3% | -19.8% |
| FY2023 | $7.6M | -$16.2M | -$0.33 | -$8.5M | -224.3% | -10.0% |
| FY2022 | $1.8M | -$3.2M | -$0.00 | -$28.5M | -1022.1% | -9.4% |
| FY2021 | $1.6M | $2.9M | $0.00 | -$2.1M | 184.4% | 4.0% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sky Harbour Group Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Sky Harbour Group Corp has historically struggled to out-earn its cost of capital, averaging just -9.5% ROIC.
Over the decade, Sky Harbour Group Corp shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sky Harbour Group Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.99 per share.