Skywest
SKYW on Nasdaq. SkyWest flies passengers for United, Delta, American and Alaska under contract. Market value $3.7bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Capital spending looks too small to be complete, so we leave free cash flow out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
You pay 10.1 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 4 cents a year. Above 10 is good.
Quality score: 69 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.
$96.06 a share, 23% above its 1-year low
Over the past year the price has ranged from $77.89 to $117.72.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $2.7bn | $3.0bn | $2.9bn | $3.5bn | $4.1bn |
| Operating margin | |||||
| Operating margin | 10.2% | 6.0% | 3.5% | 14.0% | 15.2% |
| Debt to equity | |||||
| Debt to equity | 1.37 | 1.44 | 1.42 | 1.11 | 0.87 |
| Shares outstanding | |||||
| Shares outstanding | 0.05bn | 0.04bn | 0.04bn | 0.04bn | 0.04bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)6 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- Debt0.87× equity
- Revenue growth, five yearsStrong, 13.8% a year
- Buying back its own sharesYes, 23% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.1 billion last quarter, up 7% on a year ago.
- Profit: $101 million, down 16% on a year ago.
- It keeps 14 cents of each $1 of sales as operating profit, down from 15 cents a year earlier.
- 4% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $2.2 billion more than cash, down from $2.4 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $913m |
| December 2024 | $944m |
| March 2025 | $948m |
| June 2025 | $1.0bn |
| September 2025 | $1.1bn |
| December 2025 | $1.0bn |
| March 2026 | $1.0bn |
| June 2026 | $1.1bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $90m |
| December 2024 | $97m |
| March 2025 | $101m |
| June 2025 | $120m |
| September 2025 | $116m |
| December 2025 | $91m |
| March 2026 | $102m |
| June 2026 | $101m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 17 February 2026
- Next quarterly (estimated, 10-Q)
- 23 October 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 351 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $17m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $17m | <0.1% | |
| Royce & AssociatesChuck Royce | $3m | <0.1% | Added |
| Gotham Asset ManagementJoel Greenblatt | $2m | <0.1% | Cut |
Largest holders overall
- BlackRock$683mAdded
- Vanguard Portfolio Management$295m
- Dimensional Fund Advisors LP$255m
- American Century Companies$224mAdded
- FMR$174m
- Vanguard Capital Management$174m
- State Street$165mAdded
- Fuller & Thaler Asset Management$116m
- Geode Capital Management$108mAdded
- SW Investment Management$99mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- BlackRock, Inc.Passive investor14.5%Since 31 March 2025
- Vanguard Portfolio ManagementPassive investor7.5%Since 31 March 2026
- Dimensional Fund Advisors LPPassive investor6.7%Since 31 March 2025
- American Century Investment Management, Inc.Passive investorat least 5.7%(filed with 3 related holders)Since 30 June 2026
- Vanguard Capital ManagementPassive investor5.1%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 14.5% | 31 March 2025 | |
Vanguard Portfolio Management Passive investor | 7.5% | 31 March 2026 | |
Dimensional Fund Advisors LP Passive investor | 6.7% | 31 March 2025 | |
American Century Investment Management, Inc. Passive investor | at least 5.7% (filed with 3 related holders) | 30 June 2026 | |
Vanguard Capital Management Passive investor | 5.1% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 5 sold $16m.
- Steel Wade JCHIEF COMMERCIAL OFFICERSold
- Date
- 3 August 2026
- Shares
- 22,000
- Price
- $111.44
- Value
- $2m
- Wooley GregEXEC VP OPERATIONSSold
- Date
- 30 July 2026
- Shares
- 17,726
- Price
- $108.55
- Value
- $2m
- SIMMONS ROBERT JCHIEF FINANCIAL OFFICERSold
- Date
- 29 July 2026
- Shares
- 25,000
- Price
- $110.49
- Value
- $3m
- Childs Russell APRESIDENT & CEO, DirectorSold
- Date
- 28 July 2026
- Shares
- 50,500
- Price
- $113.21
- Value
- $6m
- Steel Wade JCHIEF COMMERCIAL OFFICERSold
- Date
- 24 February 2026
- Shares
- 20,629
- Price
- $106.53
- Value
- $2m
- Steel Wade JCHIEF COMMERCIAL OFFICERSold
- Date
- 18 February 2026
- Shares
- 7,371
- Price
- $107.57
- Value
- $792,867
- Madden Meredith SiegfriedDirectorSold
- Date
- 11 December 2025
- Shares
- 4,725
- Price
- $106.54
- Value
- $503,402
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 3 August 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Sold | 22,000 | $111.44 | $2m |
| 30 July 2026 | Wooley Greg EXEC VP OPERATIONS | Sold | 17,726 | $108.55 | $2m |
| 29 July 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Sold | 25,000 | $110.49 | $3m |
| 28 July 2026 | Childs Russell A PRESIDENT & CEO, Director | Sold | 50,500 | $113.21 | $6m |
| 24 February 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Sold | 20,629 | $106.53 | $2m |
| 18 February 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Sold | 7,371 | $107.57 | $792,867 |
| 11 December 2025 | Madden Meredith Siegfried Director | Sold | 4,725 | $106.54 | $503,402 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.