SkyWest Inc (SKYW)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	322,962	243,101	176,870	116,711	34,342	-30,278	-5,384	33,148	72,953	124,389	85,701	93,744	111,910	79,909	103,887	16,178	10,266	163,240	220,917	334,684
Revenue (ttm)	US$ in thousands	3,599,954	3,371,490	3,186,371	3,005,936	2,890,358	2,814,694	2,837,558	2,914,438	2,963,235	3,042,161	3,003,665	2,857,719	2,652,287	2,485,562	2,186,191	1,875,348	2,067,711	2,238,559	2,531,539	2,912,994
Net profit margin		8.97%	7.21%	5.55%	3.88%	1.19%	-1.08%	-0.19%	1.14%	2.46%	4.09%	2.85%	3.28%	4.22%	3.21%	4.75%	0.86%	0.50%	7.29%	8.73%	11.49%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $322,962K ÷ $3,599,954K
= 8.97%

SkyWest Inc's net profit margin has shown fluctuating trends over the past few years based on the provided data. Initially, the company displayed a solid net profit margin of around 11.49% in March 2020, but this figure gradually decreased to 0.50% by December 2020.

From December 2020 to September 2021, the net profit margin remained relatively low, ranging between 0.50% to 4.75%. However, there was a slight improvement in the margin in the following quarters, reaching 4.22% by December 2021.

Subsequently, the net profit margin experienced some volatility with fluctuations around the 3% to 5% range in 2022 and early 2023. Interestingly, by the mid of 2023, the company's net profit margin turned negative, indicating a period of losses.

However, starting from March 2024, there was a significant rebound, with the net profit margin surging to 8.97% by December 2024, showcasing a marked improvement in profitability for SkyWest Inc. Overall, it is evident that the company's net profit margin has displayed varying patterns, reflecting changes in its financial performance and profitability over the analyzed period.