What are SkyWest's profit margins?

Gross margin is 11.5% and operating margin is 14.6%, with a 10.4% net margin.

Where does SkyWest's income statement data come from?

Every line is extracted from SkyWest's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

SkyWest SKYW Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Total revenue	$4.06B+15.0%	$3.53B+20.2%	$2.94B-2.3%	$3B+10.7%
Rental income	$4.01M-20.5%	$5.05M-6.5%	$5.4M-23.8%	$7.09M+8.2%
Compensation and benefits	$1.56B+6.5%	$1.46B+10.7%	$1.32B+9.2%	$1.21B+22.8%
Occupancy and equipment	$36.79M+30.2%	$28.26M-41.3%	$48.17M-50.8%	$98M+9.0%
Depreciation and amortization	$364.5M-5.0%	$383.88M+0.2%	$383.12M-2.9%	$394.55M-10.4%
Other operating expenses	$3.44B+13.4%	$3.03B+7.1%	$2.83B+0.3%	$2.82B+15.8%
Total operating expenses	$3.44B+13.4%	$3.03B+7.1%	$2.83B+0.3%	$2.82B+15.8%
Operating income	$617.85M+24.9%	$494.66M+375%	$104.07M—	——
Operating margin	15.2%+1.2pp	14%+10.5pp	3.5%—	——
Interest expense	$104.45M-8.7%	$114.34M-12.7%	$130.93M+3.0%	$127.08M+3.2%
Interest income	$43.33M-9.7%	$47.96M+9.2%	$43.93M+150%	$17.61M+1,480%
Other income (expense), net	-$52.26M+16.4%	-$62.51M+2.0%	-$63.76M+28.0%	-$88.58M+29.3%
Income from equity method investments	——	$3.7M—	——	——
Gain (loss) on disposal of assets	-$1.05M+84.6%	-$6.82M-1,323%	-$479K-104%	$11.38M+148%
Income before income taxes	$565.59M+30.9%	$432.14M+972%	$40.31M—	——
Income tax expense	$137.26M+25.7%	$109.18M+1,730%	$5.97M—	——
Net income	$428.33M+32.6%	$322.96M+840%	$34.34M-75.2%	$138.3M+23.6%
Net margin	10.6%+1.4pp	9.2%+8.0pp	1.2%-3.4pp	4.6%+0.5pp
Diluted earnings per share	$10.35+33.4%	$7.76+813%	$0.85—	——
Basic earnings per share	$10.63+32.5%	$8.02+822%	$0.87—	——
Weighted-average shares, diluted	165.7M-0.2%	166M-8.2%	180.8M-10.7%	202.6M-0.2%
Weighted-average shares, basic	161.5M+0.3%	161M-10.1%	179M-11.5%	202.1M+0.4%
Aircraft maintenance materials and outside repairs	$943.78M+32.4%	$712.64M+5.8%	$673.45M+4.5%	$644.16M-21.2%
Fuel Cost	$120.37M+37.7%	$87.41M—	——	$108.46M—
Impairment of assets held for sale	——	-$4.16M-279%	$2.32M-95.5%	$51.38M—
Landing Fee And Other Rental	$121.59M+41.7%	$85.84M—	——	$71.55M—
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	——	——	——	——
Pre-tax stock-based compensation cost	——	——	——	——
Additions / (Releases)	$7.52M+307%	-$3.63M-1,861%	-$185K+96.0%	-$4.59M-8.0%
Accounts Receivable, Allowance for Credit Loss, Writeoff	——	——	——	——
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect	——	$79.09M+74.6%	$45.29M—	——
Change In Accrued Capital Expenditure	——	——	$12.58M—	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$428.44M+32.7%	$322.81M+739%	$38.47M—	——
Federal	$4.84M-18.2%	$5.92M+19.2%	$4.96M+168%	-$7.32M—
Current State And Local Tax Expense Benefit	$9.35M+237%	$2.78M+54.7%	$1.79M-1.0%	$1.81M+114%
Debt Instrument Basis Spread On Variable Rate1	——	——	——	——
Federal	$105.69M+22.5%	$86.3M+12,829%	-$678K-103%	$21.59M-33.6%
Deferred taxes	$122.76M+22.3%	$100.37M+18,521%	$539K-97.7%	$23.83M-36.1%
Deferred Income Tax Expense Benefit Provision	$123.07M+22.5%	$100.49M+12,836%	-$789K-103%	$25.14M-33.6%
State	$17.38M+22.5%	$14.19M+12,881%	-$111K-103%	$3.55M-33.6%
Effective tax rates	$0.24-8.0%	$0.26+78.4%	$0.15—	——
Income taxes at U.S. statutory rate of 21%	——	——	——	84%0.0%
Effective Income Tax Rate Reconciliation Nondeductible Expense Other Employee Expenses Percent	——	——	——	——
Other	$0—	$0—	$0—	——
Effective Income Tax Rate Reconciliation Nondeductible Expense Other Employee Expenses Amount	$2.65M+23.7%	$2.14M+14.8%	$1.86M—	——
Effective Income Tax Rate Reconciliation Nondeductible Expense Limit On Compensation Paid To Covered Employee Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Nondeductible Expense Limit On Compensation Paid To Covered Employee Amount	$8.91M+122%	$4.01M+131%	$1.73M—	——
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent	——	——	——	——
Excess tax benefits associated with employee equity plans (in percent)	——	——	——	——
Excess tax benefits associated with employee equity plans	-$11.78M-1,191%	-$913K-197%	$939K—	——
State income taxes – net of federal income tax benefit	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Percent	——	——	——	——
Effective Income Tax Reconciliation Change In Prior Year Unrecognized Tax Benefits Amount	——	-$654K+91.3%	-$7.56M—	——
Effective Income Tax Reconciliation Change In Prior Year Unrecognized Tax Benefits Percent	——	——	——	——
Employee Stock Purchase Plan Maximum Ownership Percentage In Common Stock To Disqualify For Participation In Plan	——	——	——	——
Gain Loss On Sale Of Property Plant Equipment	$8.08M-2.0%	$8.25M-42.3%	$14.3M+79.9%	$7.95M+73.3%
Federal taxes	$5M-60.0%	$12.5M+4.2%	$12M—	——
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$118.77M+30.9%	$90.75M+972%	$8.47M-56.5%	$19.44M-38.5%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	$5K+225%	-$4K+73.3%	-$15K—	——
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$20.14M+39.0%	$14.49M+922%	$1.42M-67.0%	$4.3M-31.2%
Income Taxes Paid, Net	$16.86M-9.3%	$18.59M+36.6%	$13.61M+1,067%	$1.17M-82.3%
Increase Decrease In Accounts Payable And Other Current Liabilities	$152.08M+4,946%	-$3.14M-104%	$80.96M+293%	-$42.03M-118%
Increase (Decrease) in Accounts Receivable	$52.48M+27.5%	$41.17M+308%	-$19.82M-160%	$32.96M+9.5%
Increase (decrease) in contract liabilities and current deferred income	-$48.47M-21.1%	-$40.01M-117%	$229.86M+463%	$40.81M+697%
Increase (Decrease) in Income Taxes Receivable	$2.25M-70.0%	$7.5M+853%	-$997K+87.2%	-$7.82M-240%
Increase (Decrease) in Inventories	$29.55M+149%	$11.89M+204%	$3.91M-76.5%	$16.63M+28.9%
Increase Decrease In Operating Lease Liabilities	$5.79M+676%	-$1M-102%	$54.98M-28.4%	$76.81M+49.7%
Increase Decrease In Operating Lease Right Of Use Asset	-$5.79M-676%	$1M+104%	-$25.95M+70.0%	-$86.59M-97.5%
Increase Decrease In Other Assets Net Investing Activities	$4.2M—	——	-$4.16M—	——
Increase (Decrease) in Prepaid Expense and Other Assets	$21K-99.8%	$13.81M+967%	-$1.59M-155%	$2.87M+48.3%
Interest Costs Incurred Capitalized	$3.5M+6.1%	$3.3M+120%	$1.5M-21.1%	$1.9M0.0%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$105.88M-6.8%	$113.57M-11.5%	$128.29M+2.4%	$125.32M+0.3%
Lease Cost	$35M+36.0%	$25.74M-43.6%	$45.61M-50.8%	$92.74M+5.6%
Maximum Benefit Plan Percentage Of Participants Compensation Eligible For Employer Matching Contribution Based On Position And Years Of Service	——	——	——	——
Minimum Benefit Plan Percentage Of Participants Compensation Eligible For Employer Matching Contribution Based On Position And Years Of Service	——	——	——	——
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$393.22M-2.2%	-$384.75M+42.4%	-$667.81M—	——
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$651.83M-185%	-$228.63M-884%	-$23.23M+97.4%	-$904.89M-29.5%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$940.36M+35.8%	$692.46M-6.0%	$736.33M+53.3%	$480.38M-42.3%
Number Of Aircraft Held By Entity	637+2.1%	6240.0%	624—	——
Number of reportable segments	——	——	——	——
Operating lease income	$66.32M+18.3%	$56.06M+13.4%	$49.44M+1.0%	$48.93M-0.4%
Operating Lease Payments	$34.1M+18.0%	$28.9M-8.8%	$31.7M-59.3%	$77.9M-8.0%
Operating Lease Variable Lease Income	$32.56M+12.7%	$28.88M+56.8%	$18.42M+8.0%	$17.05M-14.7%
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held	——	——	$1.33M—	——
Net unrealized gains (losses) on securities still held	——	-$157K-104%	$4.13M—	——
Other income, net (Note 6)	$8.86M+129%	$3.87M-83.4%	$23.24M+10.6%	$21.01M—
Payments For Deposits On Aircraft	$75.3M+329%	$17.54M—	——	——
Payments For Flight Equipment	$546.04M+105%	$265.85M+11.7%	$238.07M-62.4%	$632.46M+17.7%
Payments For Repurchase Of Treasury Stock	——	——	——	——
Payments of Debt Issuance Costs	——	——	——	$2.18M—
Payment, Tax Withholding, Share-Based Payment Arrangement	——	$6.9M+1,050%	$600K-50.0%	$1.2M—
Payments to Acquire Debt Securities, Available-for-Sale	$1.11B-22.2%	$1.43B+6.8%	$1.34B-27.0%	$1.83B+20.9%
Payments to Acquire Productive Assets	$548.98M+25.0%	$439.22M+66.4%	$263.91M-60.2%	$662.32M+16.8%
Payments to Acquire Property, Plant, and Equipment	$32.02M-28.7%	$44.9M+221%	$13.98M+7.3%	$13.03M-28.1%
Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements	——	——	——	——
Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements	——	——	——	——
Proceeds from Issuance of Common Stock	——	——	——	——
Debt issued (Note 13)	——	——	——	$684.5M+52.1%
Sale of investments	$1.1B-28.5%	$1.54B-3.6%	$1.6B+7.6%	$1.49B-2.5%
Dispositions of property, plant, and equipment	$15.59M+202%	$5.15M-67.5%	$15.88M-6.5%	$16.98M+139%
Total provisions for credit losses	$7.52M+307%	-$3.63M-1,861%	-$185K+96.0%	-$4.59M-8.0%
Repayments of Long-Term Debt	$491.9M+8.6%	$452.86M+1.2%	$447.6M+7.8%	$415.05M-23.2%
Segment Profit Loss	——	——	——	——
Segment Reporting, Other Segment Item, Amount	——	——	——	——
Stock-based compensation	$18.73M-5.7%	$19.86M+16.0%	$17.13M+87.0%	$9.16M+5.5%
Granted (in shares)	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period	——	——	——	——
Stock purchase discount percentage	——	——	——	——
Forfeited or expired (in shares)	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Amount	$25K0.0%	$25K0.0%	$25K0.0%	$25K0.0%
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Replacement With Common Stock Shares Ratio	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award	——	——	——	——
Exercised (in shares)	——	——	——	——
Share Repurchase Program, Excise Tax	——	——	$2.9M—	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	——	——	——	——
Stock issued for employee stock purchase plan	——	——	——	——
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$18.73M-5.7%	$19.86M+16.0%	$17.13M—	——
Treasury Stock, Retired, Cost Method, Amount	——	——	——	——
Treasury stock, value, acquired	——	——	——	——
Additions for tax positions of prior years	——	——	$191K-44.3%	$343K-37.5%
Valuation Allowances And Reserves Charged To Cost And Expense	$10.96M+312%	$2.66M+41.3%	$1.88M+50.6%	$1.25M-61.9%
Valuation Allowances And Reserves Deductions	——	$3.63M-80.6%	$18.69M+307%	$4.59M+8.0%
Variable And Short Term Lease Cost	$2.22M-12.4%	$2.53M-10.8%	$2.84M—	——
Weighted Average Number of Shares, Restricted Stock	4.2M-16.6%	5M—	——	411K-73.8%
EBIT	$617.85M+24.9%	$494.66M+375%	$104.07M—	——
EBITDA	$982.34M+11.8%	$878.54M+80.3%	$487.18M—	——
EBITDA	$982.34M+11.8%	$878.54M+80.3%	$487.18M—	——
EBITDA margin	24.2%-0.7pp	24.9%+8.3pp	16.6%—	——
EBIT	$617.85M+24.9%	$494.66M+375%	$104.07M—	——

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Questions, answered.

What are SkyWest's profit margins?: Gross margin is 11.5% and operating margin is 14.6%, with a 10.4% net margin.
Where does SkyWest's income statement data come from?: Every line is extracted from SkyWest's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.