SkyWater Technology, Inc. (SKYT) intrinsic value & 10-year financials

SkyWater Technology, Inc. (SKYT) has a Graham intrinsic value of $81.05 per share. Over the last 6 fiscal years revenue grew 33.2% a year to $442.1M, with an average return on invested capital of -19.7%.

Graham intrinsic value
$81.05
Revenue (FY2025)
$442.1M
Revenue growth (6-yr CAGR)
33.2%
ROIC (10-yr avg)
-19.7%
Free cash flow (FY2025)
-$53.3M

SKYT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $442.1M $118.9M $2.44 -$53.3M -0.6% -1.6%
FY2024 $342.3M -$6.8M -$0.14 $10.5M 1.9% 8.3%
FY2023 $212.9M -$39.6M -$0.97 -$31.4M -14.0% -33.5%
FY2022 $162.8M -$50.7M -$1.76 -$86.4M -35.1% -58.3%
FY2021 $140.4M -$20.6M -$1.15 $10.4M -6.2% -13.3%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SkyWater Technology, Inc revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

SkyWater Technology, Inc has historically struggled to out-earn its cost of capital, averaging just -19.7% ROIC.

SkyWater Technology, Inc capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SkyWater Technology, Inc is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $81.05 per share.

SKYT stock: frequently asked questions

What is the intrinsic value of SkyWater Technology, Inc. (SKYT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SKYT's intrinsic value is about $81.05 per share.

Does SkyWater Technology, Inc. generate free cash flow?

SkyWater Technology, Inc. generated -$53.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 5 reported years.

What is SKYT's return on invested capital?

Average ROIC over the last 6 fiscal years was -19.7%, and average return on equity was -64.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SKYT data come from?

From SkyWater Technology, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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