What is SkyWest's current ratio?

SkyWest (SKYW) reported current ratio of 0.6× in Q1 2026.

How has SkyWest's current ratio changed year-over-year?

SkyWest's current ratio decreased by 18.0% year-over-year, from 0.8× to 0.6×.

What is the long-term trend for SkyWest's current ratio?

Over 5 years (2020 to 2025), SkyWest's current ratio has grown at a -8.9% compound annual growth rate (CAGR), from 1× to 0.7×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

SkyWest SKYW Current ratio

Current ratio at other companies

Delta Air LinesDAL

0.4×0.0×

Alaska Air GroupALK

0.4×-0.1×

Southwest AirlinesLUV

0.5×-0.3×

United Airlines HoldingsUAL

0.7×-0.1×

FTAI Aviation Ltd.FTAI

5.2×+1.3×

Other financials

Income statement

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Revenue$1.0B+6.8%

Gross profit$115.0M—

Operating income$123.7M-11.3%

Net income$101.7M+1.1%

EPS (diluted)$2.50+3.3%

Balance sheet

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Cash & equivalents$65.8M-63.2%

Total debt$2.5B-6.3%

Total equity$2.7B+10.4%

Total assets$7.3B+3.3%

Cash flow

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Operating cash flow$144.5M-15.5%

CapEx$14.0M+66.2%

Free cash flow$130.4M-19.8%

Valuation

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Market cap$3.67B+4.0%

Enterprise value$6.08B+1.5%

P/E8.6×-1.2×

P/S0.9×-0.1×

Profitability

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Gross margin11.5%—

Operating margin14.6%+0.1pp

Net margin10.4%+0.5pp

FCF margin21.3%+3.4pp

Returns & leverage

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Return on equity16.5%+0.8pp

Debt / equity0.9×-0.2×

Where this comes from

Calculated from SkyWest’s reported figures.

total current assets/total current liabilities=0.6×

Based on the most recent quarter.

The official record: SkyWest’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SkyWest's current ratio?: SkyWest (SKYW) reported current ratio of 0.6× in Q1 2026.
How has SkyWest's current ratio changed year-over-year?: SkyWest's current ratio decreased by 18.0% year-over-year, from 0.8× to 0.6×.
What is the long-term trend for SkyWest's current ratio?: Over 5 years (2020 to 2025), SkyWest's current ratio has grown at a -8.9% compound annual growth rate (CAGR), from 1× to 0.7×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.