Sky Harbour Group Corporation (SKYH) - Net Assets
Based on the latest financial reports, Sky Harbour Group Corporation (SKYH) has net assets worth $165.01 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($764.47 Million) and total liabilities ($599.45 Million). 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. Also explore Sky Harbour Group Corporation (SKYH) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $165.01 Million |
| % of Total Assets | 21.59% |
| Annual Growth Rate | 29.95% |
| 5-Year Change | 142.34% |
| 10-Year Change | N/A |
| Growth Volatility | 56.66 |
Sky Harbour Group Corporation - Net Assets Trend (2009–2025)
This chart illustrates how Sky Harbour Group Corporation's net assets have evolved over time, based on quarterly financial data. Check Sky Harbour Group Corporation tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sky Harbour Group Corporation (2009–2025)
The table below shows the annual net assets of Sky Harbour Group Corporation from 2009 to 2025. For live valuation and market cap data, see market value of Sky Harbour Group Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $171.97 Million | +7.60% |
| 2024-12-31 | $159.82 Million | +20.85% |
| 2023-12-31 | $132.25 Million | +34.43% |
| 2022-12-31 | $98.37 Million | +38.63% |
| 2021-12-31 | $70.96 Million | +1190.25% |
| 2020-12-31 | $-6.51 Million | -63.83% |
| 2019-12-31 | $-3.97 Million | -1334.24% |
| 2012-12-31 | $-277.00K | -290.14% |
| 2011-12-31 | $-71.00K | +79.94% |
| 2010-12-31 | $-354.00K | -113.62% |
| 2009-12-31 | $2.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sky Harbour Group Corporation'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 decreased by 4577400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.00K | 0.01% |
| Other Components | $173.51 Million | 135.83% |
| Total Equity | $127.75 Million | 100.00% |
Sky Harbour Group Corporation Competitors by Market Cap
The table below lists competitors of Sky Harbour Group Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinjiang Chalkis Co Ltd
SHE:000972
|
$380.35 Million |
|
Taiwan Steel Union Co Ltd
TW:6581
|
$380.36 Million |
|
CellaVision AB
ST:CEVI
|
$380.40 Million |
|
Shandong Gold Phoenix Co Ltd
SHG:603586
|
$380.41 Million |
|
Autocanada Inc
TO:ACQ
|
$380.29 Million |
|
Panoro Energy ASA
OL:PEN
|
$380.28 Million |
|
Dufu Tech Corp Bhd
KLSE:7233
|
$380.28 Million |
|
I.C.C. International Public Company Limited
BK:ICC
|
$380.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sky Harbour Group Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 104,102,000 to 127,747,000, a change of 23,645,000 (22.7%).
- Net income of 18,818,000 contributed positively to equity growth.
- New share issuances of 281,000 increased equity.
- Other comprehensive income decreased equity by 53,000.
- Other factors increased equity by 4,599,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.82 Million | +14.73% |
| Share Issuances | $281.00K | +0.22% |
| Other Comprehensive Income | $-53.00K | -0.04% |
| Other Changes | $4.60 Million | +3.6% |
| Total Change | $- | 22.71% |
Book Value vs Market Value Analysis
This analysis compares Sky Harbour Group Corporation'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: 2.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.29 | $11.03 | x |
| 2020-12-31 | $-0.38 | $11.03 | x |
| 2021-12-31 | $4.74 | $11.03 | x |
| 2022-12-31 | $1.88 | $11.03 | x |
| 2023-12-31 | $4.20 | $11.03 | x |
| 2024-12-31 | $4.04 | $11.03 | x |
| 2025-12-31 | $3.75 | $11.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sky Harbour Group Corporation 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): 14.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 68.33%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 4.64x
- Recent ROE (14.73%) is above the historical average (-7.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.56 Million |
| 2020 | 0.00% | -369.86% | 0.01x | 0.00x | $-1.88 Million |
| 2021 | 12.74% | 0.00% | -8.38x | 4.28x | $1.95 Million |
| 2022 | -12.12% | -172.57% | 0.01x | 12.60x | $-5.81 Million |
| 2023 | -23.39% | -213.56% | 0.02x | 5.82x | $-23.09 Million |
| 2024 | -43.45% | -306.42% | 0.03x | 5.35x | $-55.64 Million |
| 2025 | 14.73% | 68.33% | 0.05x | 4.64x | $6.04 Million |
Industry Comparison
This section compares Sky Harbour Group Corporation's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $800,723,919
- Average return on equity (ROE) among peers: 5.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sky Harbour Group Corporation (SKYH) | $165.01 Million | 0.00% | 3.63x | $380.33 Million |
| Alset Ehome International Inc (AEI) | $34.75 Million | -12.40% | 0.73x | $42.40 Million |
| AMREP Corporation (AXR) | $65.90 Million | 6.07% | 1.82x | $119.37 Million |
| Century Communities Inc (CCS) | $1.76 Billion | 28.25% | 0.98x | $1.67 Billion |
| Forestar Group Inc (FOR) | $425.80 Million | 12.18% | 0.46x | $1.40 Billion |
| Five Point Holdings LLC (FPH) | $462.05 Million | 3.57% | 0.03x | $373.62 Million |
| Howard Hughes Holdings Inc. (HHH) | $2.84 Billion | 6.96% | 2.24x | $3.88 Billion |
| JFB Construction Holdings Class A Common Stock (JFB) | $6.33 Million | 1.88% | 0.42x | $27.64 Million |
| Logistic Properties of the Americas (LPA) | $238.32 Million | -2.56% | 0.72x | $98.02 Million |
| Lead Real Estate Co., Ltd American Depositary Shares (LRE) | $1.64 Billion | 17.06% | 4.75x | $17.35 Million |
| Landsea Homes Corp (LSEA) | $529.49 Million | -1.69% | 0.69x | $411.79 Million |
About Sky Harbour Group Corporation
Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company's home basing hangar campuses includes private and semi-private hangars, as well as a suite of services for home based and transient aircraft. The company is based in White Plains, New York.