SkyWest Inc (SKYW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 432,143 | 322,975 | 231,130 | 146,601 | 40,309 | -45,807 | -13,405 | 41,705 | 92,583 | 159,300 | 116,757 | 125,383 | 150,610 | 104,977 | 136,978 | 22,363 | 11,454 | 202,614 | 275,141 | 423,718 |
| 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 |
| Pretax margin | 12.00% | 9.58% | 7.25% | 4.88% | 1.39% | -1.63% | -0.47% | 1.43% | 3.12% | 5.24% | 3.89% | 4.39% | 5.68% | 4.22% | 6.27% | 1.19% | 0.55% | 9.05% | 10.87% | 14.55% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $432,143K ÷ $3,599,954K
= 12.00%
The pretax margin of SkyWest Inc has shown fluctuations over the periods analyzed. From March 31, 2020, to December 31, 2020, the pretax margin decreased from 14.55% to 0.55%. Subsequently, there was a slight increase in the pretax margin to 6.27% by June 30, 2021. However, the pretax margin declined again to 1.19% by March 31, 2021.
From September 30, 2021, to December 31, 2021, there was a gradual improvement in the pretax margin, reaching 5.68% by the end of December 2021. The pretax margin continued to show variability throughout 2022, ranging between 3.12% and 5.24%.
The pretax margin experienced significant declines in the first half of 2023, with negative margins recorded for June 30, 2023, and September 30, 2023. However, there was a rebound in the pretax margin by December 31, 2023, reaching 1.39%.
From March 31, 2024, to December 31, 2024, the pretax margin demonstrated a consistent upward trend, increasing from 4.88% to 12.00%. Overall, the pretax margin of SkyWest Inc reflects varying levels of profitability over the analyzed periods, with both positive and negative fluctuations observed.
Peer comparison
Dec 31, 2024