SkyWest Inc (SKYW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 104,069 | 181,162 | 275,867 | 108,802 | 512,258 |
| Revenue | US$ in thousands | 2,890,360 | 2,963,230 | 2,652,290 | 2,033,210 | 2,971,960 |
| Operating profit margin | 3.60% | 6.11% | 10.40% | 5.35% | 17.24% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $104,069K ÷ $2,890,360K
= 3.60%
The operating profit margin of Skywest Inc. has shown fluctuation over the past five years. In 2023, the operating profit margin decreased to 3.55%, down from 6.03% in 2022 but significantly higher than the negative margins reported in 2021 and 2020. The negative margins in 2021 (-2.29%) and 2020 (-11.13%) indicate challenges in generating profits from core operations during those periods. The substantial increase in the operating profit margin in 2019 (17.97%) suggests a strong performance in that year. Overall, the company's operating profit margin performance has been inconsistent, signaling potential volatility in its ability to generate profits from its operations.
Peer comparison
Dec 31, 2023