SkyWest Inc (SKYW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,173,640 | 1,565,610 | 1,629,490 | 1,606,470 | -893,594 |
| Revenue | US$ in thousands | 3,629,780 | 2,890,360 | 2,963,230 | 2,652,290 | 2,033,210 |
| Gross profit margin | 59.88% | 54.17% | 54.99% | 60.57% | -43.95% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,173,640K ÷ $3,629,780K
= 59.88%
The gross profit margin of SkyWest Inc has shown variability over the years, as per the provided data. In December 2020, the company had a negative gross profit margin of -43.95%, indicating that its cost of goods sold exceeded its revenue from sales. However, there was a significant improvement in December 2021, with the gross profit margin increasing to 60.57%, reflecting better cost management and increased revenue generation.
In the following years, SkyWest Inc maintained a relatively stable gross profit margin, ranging from 54.17% in December 2023 to 59.88% in December 2024. This consistency suggests that the company has been able to sustain its profitability by effectively controlling production costs and optimizing pricing strategies.
Overall, the trend in SkyWest Inc's gross profit margin demonstrates a positive trajectory, showcasing the company's ability to enhance operational efficiency and drive revenue growth over the years.
Peer comparison
Dec 31, 2024