What is SkyWest's net debt?

SkyWest (SKYW) reported net debt of $2.41B in Q1 2026.

How has SkyWest's net debt changed year-over-year?

SkyWest's net debt decreased by 2.2% year-over-year, from $2.46B to $2.41B.

What is the long-term trend for SkyWest's net debt?

Over 5 years (2020 to 2025), SkyWest's net debt has grown at a -6.4% compound annual growth rate (CAGR), from $3.28B to $2.35B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

SkyWest SKYW Net debt

Discontinued — last reported Q1 '26

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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$3.72B+4.0%

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

See full

Return on equity16.5%+0.8pp

Debt / equity0.9×-0.2×

Current ratio0.6×-0.1×

Where this comes from

Calculated from SkyWest’s reported figures.

$2.5Btotal debt−$65.8Mcash and equivalents=$2.41B

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 net debt?: SkyWest (SKYW) reported net debt of $2.41B in Q1 2026.
How has SkyWest's net debt changed year-over-year?: SkyWest's net debt decreased by 2.2% year-over-year, from $2.46B to $2.41B.
What is the long-term trend for SkyWest's net debt?: Over 5 years (2020 to 2025), SkyWest's net debt has grown at a -6.4% compound annual growth rate (CAGR), from $3.28B to $2.35B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.