Skywest Inc. (SKYW) intrinsic value & 10-year financials
Skywest Inc. (SKYW) has a Graham intrinsic value of $131.98 per share. At $91.51 on Oct 17, 2026, the stock trades 31% below that value. Over the last 10 fiscal years revenue grew 3.2% a year to $4.1B, with an average return on invested capital of 4.9%.
- Graham intrinsic value
- $131.98
- Share price (Oct 17, 2026)
- $91.51
- Price vs Graham value
- 31% below
- Market cap
- $3.8B
- Revenue (FY2025)
- $4.1B
- Revenue growth (10-yr CAGR)
- 3.2%
- ROIC (10-yr avg)
- 4.9%
- Free cash flow (FY2025)
- $908.3M
SKYW 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.1B | $428.3M | $10.35 | $908.3M | 15.2% | 9.4% |
| FY2024 | $3.5B | $323.0M | $7.77 | $647.6M | 14.0% | 7.4% |
| FY2023 | $2.9B | $34.3M | $0.77 | $723.1M | 3.5% | 1.6% |
| FY2022 | $3.0B | $73.0M | $1.44 | $467.3M | 6.0% | 2.6% |
| FY2021 | $2.7B | $111.9M | $2.20 | $813.7M | 10.2% | 3.9% |
| FY2020 | $2.1B | -$8.5M | -$0.17 | $620.9M | 5.1% | 2.0% |
| FY2019 | $3.0B | $340.1M | $6.62 | $640.4M | 17.2% | 7.7% |
| FY2018 | $3.2B | $280.4M | $5.30 | $768.1M | 14.7% | 8.0% |
| FY2017 | $3.1B | $428.9M | $8.08 | $656.7M | 12.4% | 9.7% |
| FY2016 | $3.1B | -$161.6M | -$3.14 | $492.3M | -5.6% | -3.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SKYWEST INC has demonstrated mature, steady growth, with revenue compounding at 3.2% annually over the past decade.
SKYWEST INC has historically struggled to out-earn its cost of capital, averaging just 4.9% ROIC.
Over the decade, SKYWEST INC shows that management has aggressively returned capital to shareholders by retiring 19.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SKYWEST INC is modeled at 3.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $131.98 per share.