SkyWest Inc (SKYW)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 59.82% | 58.17% | 57.14% | 55.65% | 54.46% | 49.51% | 50.80% | 53.26% | 55.23% | 62.67% | 60.78% | 41.74% | 23.21% | 27.51% | 7.19% | 5.18% | 2.47% | 9.16% | 8.30% | 9.35% |
| Operating profit margin | 13.74% | 11.22% | 9.29% | 6.93% | 3.60% | 1.47% | 2.38% | 4.27% | 6.11% | 8.19% | 7.35% | 8.65% | 10.40% | 8.66% | 11.10% | 6.58% | 5.26% | 11.69% | 13.18% | 16.55% |
| 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% |
| 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% |
Based on the provided data, SkyWest Inc's profitability ratios have displayed significant fluctuations over the past few years. The gross profit margin, which indicates the company's ability to generate profit from its revenue after accounting for the cost of goods sold, has shown an increasing trend from around 9% in early 2020 to approximately 60% by mid-2022, before stabilizing around 55-60% towards the end of 2024.
The operating profit margin, which reflects the proportion of revenue that translates into operating profit, has been more volatile, peaking at around 16-17% in early 2020, dropping to single digits in mid-2023, and then recovering to about 14% by the end of 2024.
The pretax margin, representing the percentage of revenue retained as profit before taxes, has also exhibited fluctuations, with a notable decline in mid-2023 before improving to about 12% by the end of 2024.
Lastly, the net profit margin, which shows the final percentage of revenue that converts into net profit, has followed a similar pattern, with a substantial drop in mid-2023 to negative levels before rebounding to approximately 9% by the end of 2024.
Overall, while there have been fluctuations in profitability ratios, SkyWest Inc has shown resilience and the ability to recover and improve its profitability margins towards the end of the observed period.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.93% | 5.44% | 4.25% | 2.98% | 1.48% | 0.59% | 0.95% | 1.72% | 2.44% | 3.34% | 3.01% | 3.46% | 3.87% | 3.10% | 3.47% | 1.79% | 1.58% | 3.87% | 4.93% | 7.24% |
| Return on assets (ROA) | 4.52% | 3.49% | 2.54% | 1.67% | 0.49% | -0.43% | -0.08% | 0.46% | 0.98% | 1.67% | 1.17% | 1.31% | 1.57% | 1.15% | 1.49% | 0.23% | 0.15% | 2.42% | 3.26% | 5.02% |
| Return on total capital | 10.88% | 8.39% | 6.56% | 4.57% | 2.23% | 0.87% | 1.38% | 2.45% | 3.43% | 4.63% | 4.24% | 4.86% | 5.53% | 4.42% | 4.95% | 2.50% | 2.20% | 5.35% | 6.94% | 10.26% |
| Return on equity (ROE) | 13.41% | 10.52% | 7.93% | 5.39% | 1.62% | -1.42% | -0.25% | 1.49% | 3.11% | 5.19% | 3.65% | 4.09% | 4.94% | 3.53% | 4.62% | 0.74% | 0.48% | 7.47% | 10.31% | 15.47% |
SkyWest Inc's profitability ratios have shown variability over the past few years. The Operating Return on Assets (Operating ROA) has fluctuated between 0.59% and 7.24%, showing a downward trend in recent periods, indicating a decreasing operating efficiency in generating profits from its assets.
The Return on Assets (ROA) has also exhibited fluctuations, ranging from -0.43% to 5.02%, with the trend showing improvement in recent periods. This ratio indicates that the company's ability to generate profits from its total assets has been on a positive trajectory.
Return on Total Capital has varied between 0.87% and 10.88%, with an improving trend in recent periods. This metric reflects the company's efficiency in generating returns from both debt and equity capital employed.
Lastly, the Return on Equity (ROE) has shown fluctuations between -1.42% and 15.47%, with a noticeable increasing trend in recent years. This ratio signifies the company's ability to generate profits for its shareholders from the equity invested in the business.
Overall, while there have been fluctuations in profitability ratios, SkyWest Inc has shown a positive trend in improving its return metrics, particularly in ROE and ROA in recent periods.