SkyWest Inc (SKYW) - Net Assets
Based on the latest financial reports, SkyWest Inc (SKYW) has net assets worth $2.73 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.35 Billion) and total liabilities ($4.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SkyWest Inc (SKYW) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.73 Billion |
| % of Total Assets | 37.19% |
| Annual Growth Rate | 12.93% |
| 5-Year Change | 21.12% |
| 10-Year Change | 103.3% |
| Growth Volatility | 31.44 |
SkyWest Inc - Net Assets Trend (1985–2025)
This chart illustrates how SkyWest Inc's net assets have evolved over time, based on quarterly financial data. See how many days can SkyWest Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SkyWest Inc (1985–2025)
The table below shows the annual net assets of SkyWest Inc from 1985 to 2025. For live valuation and market cap data, see SkyWest Inc (SKYW) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.75 Billion | +14.02% |
| 2024-12-31 | $2.41 Billion | +13.97% |
| 2023-12-31 | $2.11 Billion | -9.97% |
| 2022-12-31 | $2.35 Billion | +3.53% |
| 2021-12-31 | $2.27 Billion | +5.98% |
| 2020-12-31 | $2.14 Billion | -1.63% |
| 2019-12-31 | $2.18 Billion | +10.73% |
| 2018-12-31 | $1.96 Billion | +11.97% |
| 2017-12-31 | $1.75 Billion | +29.86% |
| 2016-12-31 | $1.35 Billion | -10.32% |
| 2015-12-31 | $1.51 Billion | +7.58% |
| 2014-12-31 | $1.40 Billion | -2.41% |
| 2013-12-31 | $1.43 Billion | +3.44% |
| 2012-12-31 | $1.39 Billion | +3.97% |
| 2011-12-31 | $1.33 Billion | -6.10% |
| 2010-12-31 | $1.42 Billion | +5.08% |
| 2009-12-31 | $1.35 Billion | +6.01% |
| 2008-12-31 | $1.28 Billion | +2.37% |
| 2007-12-31 | $1.25 Billion | +5.75% |
| 2006-12-31 | $1.18 Billion | +29.03% |
| 2005-12-31 | $913.20 Million | +17.22% |
| 2004-12-31 | $779.05 Million | +9.87% |
| 2003-12-31 | $709.06 Million | +11.02% |
| 2002-12-31 | $638.69 Million | +17.01% |
| 2001-12-31 | $545.84 Million | +9.60% |
| 2000-12-31 | $498.02 Million | +59.51% |
| 1999-12-31 | $312.22 Million | 0.00% |
| 1998-12-31 | $312.22 Million | +21.82% |
| 1997-12-31 | $256.30 Million | +21.41% |
| 1996-12-31 | $211.10 Million | +69.42% |
| 1995-12-31 | $124.60 Million | +7.60% |
| 1994-12-31 | $115.80 Million | -1.61% |
| 1993-12-31 | $117.70 Million | -4.15% |
| 1992-12-31 | $122.80 Million | +186.92% |
| 1991-12-31 | $42.80 Million | +21.25% |
| 1990-12-31 | $35.30 Million | +5.37% |
| 1989-12-31 | $33.50 Million | +3.08% |
| 1988-12-31 | $32.50 Million | +14.44% |
| 1987-12-31 | $28.40 Million | +14.06% |
| 1986-12-31 | $24.90 Million | +17.45% |
| 1985-12-31 | $21.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SkyWest Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 34246.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.02 Billion | 110.05% |
| Common Stock | $798.47 Million | 29.07% |
| Other Comprehensive Income | $278.00K | 0.01% |
| Total Equity | $2.75 Billion | 100.00% |
SkyWest Inc Competitors by Market Cap
The table below lists competitors of SkyWest Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Incitec Pivot Ltd
AU:IPL
|
$3.48 Billion |
|
Airoha Technology Corp
TW:6526
|
$3.48 Billion |
|
Aperam SA
AS:APAM
|
$3.48 Billion |
|
EASYJET PLC SP.ADR NEW/4
F:EJTS
|
$3.49 Billion |
|
KINGS.CLOUD HLD.SP.ADR/15
F:KS7
|
$3.48 Billion |
|
International Seaways Inc
NYSE:INSW
|
$3.48 Billion |
|
Zhejiang HangKe Technology Co Ltd
SHG:688006
|
$3.48 Billion |
|
Tel Aviv Stock Exchange
TA:TASE
|
$3.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SkyWest Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,408,781,000 to 2,746,433,000, a change of 337,652,000 (14.0%).
- Net income of 428,334,000 contributed positively to equity growth.
- Share repurchases of 84,930,000 reduced equity.
- New share issuances of 2,651,000 increased equity.
- Other comprehensive income increased equity by 110,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $428.33 Million | +15.6% |
| Share Repurchases | $84.93 Million | -3.09% |
| Share Issuances | $2.65 Million | +0.1% |
| Other Comprehensive Income | $110.00K | +0.0% |
| Other Changes | $-8.51 Million | -0.31% |
| Total Change | $- | 14.02% |
Book Value vs Market Value Analysis
This analysis compares SkyWest Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 69.45x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.33 | $92.02 | x |
| 1986-12-31 | $1.12 | $92.02 | x |
| 1987-12-31 | $1.12 | $92.02 | x |
| 1988-12-31 | $1.11 | $92.02 | x |
| 1989-12-31 | $1.14 | $92.02 | x |
| 1990-12-31 | $1.24 | $92.02 | x |
| 1991-12-31 | $1.50 | $92.02 | x |
| 1992-12-31 | $4.03 | $92.02 | x |
| 1993-12-31 | $2.94 | $92.02 | x |
| 1994-12-31 | $2.55 | $92.02 | x |
| 1995-12-31 | $3.12 | $92.02 | x |
| 1996-12-31 | $5.23 | $92.02 | x |
| 1997-12-31 | $6.05 | $92.02 | x |
| 1998-12-31 | $6.30 | $92.02 | x |
| 1999-12-31 | $6.25 | $92.02 | x |
| 2000-12-31 | $9.98 | $92.02 | x |
| 2001-12-31 | $9.54 | $92.02 | x |
| 2002-12-31 | $11.10 | $92.02 | x |
| 2003-12-31 | $12.20 | $92.02 | x |
| 2004-12-31 | $13.35 | $92.02 | x |
| 2005-12-31 | $15.50 | $92.02 | x |
| 2006-12-31 | $18.59 | $92.02 | x |
| 2007-12-31 | $19.46 | $92.02 | x |
| 2008-12-31 | $21.75 | $92.02 | x |
| 2009-12-31 | $23.80 | $92.02 | x |
| 2010-12-31 | $25.14 | $92.02 | x |
| 2011-12-31 | $25.56 | $92.02 | x |
| 2012-12-31 | $26.81 | $92.02 | x |
| 2013-12-31 | $27.37 | $92.02 | x |
| 2014-12-31 | $27.33 | $92.02 | x |
| 2015-12-31 | $29.07 | $92.02 | x |
| 2016-12-31 | $26.23 | $92.02 | x |
| 2017-12-31 | $33.04 | $92.02 | x |
| 2018-12-31 | $37.15 | $92.02 | x |
| 2019-12-31 | $42.34 | $92.02 | x |
| 2020-12-31 | $42.62 | $92.02 | x |
| 2021-12-31 | $44.68 | $92.02 | x |
| 2022-12-31 | $46.36 | $92.02 | x |
| 2023-12-31 | $47.39 | $92.02 | x |
| 2024-12-31 | $57.98 | $92.02 | x |
| 2025-12-31 | $66.33 | $92.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SkyWest Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.55%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.69x
- Recent ROE (15.60%) is above the historical average (8.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 11.32% | 4.88% | 1.00x | 2.31x | $280.00K |
| 1986 | 12.45% | 5.54% | 0.94x | 2.39x | $610.00K |
| 1987 | -9.86% | -4.06% | 1.07x | 2.26x | $-5.64 Million |
| 1988 | 11.69% | 4.51% | 1.22x | 2.13x | $550.00K |
| 1989 | 14.03% | 4.71% | 1.36x | 2.19x | $1.35 Million |
| 1990 | 5.67% | 1.77% | 1.56x | 2.05x | $-1.53 Million |
| 1991 | 4.67% | 1.60% | 1.44x | 2.03x | $-2.28 Million |
| 1992 | 5.46% | 4.56% | 0.80x | 1.50x | $-5.58 Million |
| 1993 | 12.23% | 7.66% | 1.00x | 1.60x | $2.63 Million |
| 1994 | 11.83% | 6.08% | 0.99x | 1.97x | $2.12 Million |
| 1995 | 3.53% | 1.75% | 1.08x | 1.87x | $-8.06 Million |
| 1996 | 4.78% | 3.57% | 0.89x | 1.51x | $-11.01 Million |
| 1997 | 8.54% | 7.37% | 0.71x | 1.63x | $-3.73 Million |
| 1998 | 13.39% | 10.76% | 0.83x | 1.51x | $10.58 Million |
| 1999 | 18.29% | 12.03% | 1.01x | 1.51x | $25.88 Million |
| 2000 | 11.47% | 12.03% | 0.68x | 1.40x | $7.30 Million |
| 2001 | 9.25% | 8.39% | 0.72x | 1.52x | $-4.07 Million |
| 2002 | 13.60% | 11.22% | 0.77x | 1.56x | $23.00 Million |
| 2003 | 9.42% | 7.52% | 0.58x | 2.16x | $-4.12 Million |
| 2004 | 10.52% | 7.09% | 0.70x | 2.13x | $4.05 Million |
| 2005 | 12.29% | 5.72% | 0.59x | 3.64x | $20.95 Million |
| 2006 | 12.37% | 4.68% | 0.83x | 3.17x | $27.98 Million |
| 2007 | 12.78% | 4.72% | 0.85x | 3.20x | $34.59 Million |
| 2008 | 8.85% | 3.23% | 0.87x | 3.15x | $-14.62 Million |
| 2009 | 6.19% | 3.20% | 0.61x | 3.19x | $-51.56 Million |
| 2010 | 6.78% | 3.48% | 0.62x | 3.13x | $-45.74 Million |
| 2011 | -2.05% | -0.75% | 0.85x | 3.21x | $-160.76 Million |
| 2012 | 3.69% | 1.45% | 0.83x | 3.07x | $-87.56 Million |
| 2013 | 4.11% | 1.79% | 0.78x | 2.95x | $-84.54 Million |
| 2014 | -1.72% | -0.75% | 0.73x | 3.15x | $-164.19 Million |
| 2015 | 7.82% | 3.81% | 0.65x | 3.17x | $-32.83 Million |
| 2016 | -11.96% | -5.18% | 0.62x | 3.71x | $-296.68 Million |
| 2017 | 24.45% | 13.74% | 0.57x | 3.12x | $253.47 Million |
| 2018 | 14.27% | 8.70% | 0.51x | 3.21x | $83.94 Million |
| 2019 | 15.64% | 11.44% | 0.45x | 3.06x | $122.60 Million |
| 2020 | -0.40% | -0.40% | 0.29x | 3.37x | $-222.47 Million |
| 2021 | 4.94% | 4.12% | 0.38x | 3.14x | $-114.84 Million |
| 2022 | 3.11% | 2.43% | 0.38x | 3.35x | $-161.81 Million |
| 2023 | 1.62% | 1.17% | 0.42x | 3.32x | $-177.01 Million |
| 2024 | 13.41% | 9.15% | 0.49x | 2.96x | $82.08 Million |
| 2025 | 15.60% | 10.55% | 0.55x | 2.69x | $153.69 Million |
Industry Comparison
This section compares SkyWest Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $404,012,354
- Average return on equity (ROE) among peers: -269.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SkyWest Inc (SKYW) | $2.73 Billion | 11.32% | 1.69x | $3.48 Billion |
| American Airlines Group (AAL) | $46.00 Million | -2669.57% | 636.61x | $9.91 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-899.91 Million | 0.00% | 0.00x | $235.19 Million |
| Allegiant Travel Company (ALGT) | $690.32 Million | 23.44% | 2.62x | $2.31 Billion |
| Alaska Air Group Inc (ALK) | $2.03 Billion | 25.04% | 1.88x | $4.35 Billion |
| Copa Holdings SA (CPA) | $115.58 Million | 41.95% | 4.12x | $4.33 Billion |
| Delta Air Lines Inc (DAL) | $-242.00 Million | 0.00% | 0.00x | $48.18 Billion |
| flyExclusive, Inc. (FLYX) | $35.33 Million | -132.56% | 13.75x | $51.37 Million |
| flyExclusive, Inc. (FLYX) | $-11.67 Million | 0.00% | 0.00x | $112.53 Million |
| Gol Linhas Aéreas Inteligentes S.A (GOLLQ) | $-932.52 Million | 0.00% | 0.00x | $33.88 Million |
| JetBlue Airways Corp (JBLU) | $3.21 Billion | 21.09% | 1.70x | $1.85 Billion |
About SkyWest Inc
SkyWest, Inc., through its subsidiaries, engages in the operation of a regional airline in the United States. It operates through SkyWest Airlines and SWC; and SkyWest Leasing segments. The company is also involved in leasing regional jet aircraft and spare engines to third parties and provision of on-demand charter service, airport customer service, and ground handling services for other airline… Read more