SkyWest Inc (SKYW)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 322,962 | 34,342 | 72,953 | 111,910 | -8,515 |
| Revenue | US$ in thousands | 3,629,780 | 2,890,360 | 2,963,230 | 2,652,290 | 2,033,210 |
| Net profit margin | 8.90% | 1.19% | 2.46% | 4.22% | -0.42% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $322,962K ÷ $3,629,780K
= 8.90%
SkyWest Inc's net profit margin has shown fluctuations over the past five years. In December 2020, the net profit margin was negative at -0.42%, indicating that the company's expenses exceeded its revenue, resulting in a loss. However, there has been a significant improvement in profitability since then. By December 2024, the net profit margin had increased substantially to 8.90%, reflecting that SkyWest Inc's profitability has significantly improved. Despite some fluctuations in between, the trend overall shows an upward trajectory in profitability over the years, indicating effective cost management and revenue generation strategies implemented by the company.
Peer comparison
Dec 31, 2024