F
SkyWest, Inc. — Earnings Quality Grade F
SKYW · Industrials
Major red flags
Revenue
$4.1B
2025
Net Income
$428M
2025
Gross Margin
23.4%
Free Cash Flow
$287M
01
Screening Summary
12
Passed
1
Watch
2
Failed
—
M-Score
管理层信号
最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02
Financial Trends
Revenue & Net Income ($B)
Margins (%)
03
18-Point Screening
01
Revenue Quality
✓
A1DSO Change
DSO 14 days, change +2 days YoY
✗
A2AR vs Revenue Growth
AR outpaced revenue for 2 consecutive years
✓
A3Revenue vs CFFO
Revenue 15.0%, CFFO 35.8%. Cash follows revenue
02
Expense Quality
✓
B1Inventory vs COGS
Inventory 21.3% vs COGS 13.8%. Normal
!
B2CapEx vs Revenue
CapEx growth 99.0% is >2x revenue growth 15.0%
—
B3SG&A Ratio
Insufficient data
✓
B4Gross Margin
Gross margin 23.4%, change +0.9pp. Stable
03
Cash Flow Quality
✓
C1CFFO vs Net Income
CFFO/NI = 2.20. Profits backed by cash
✓
C2Free Cash Flow
FCF $0.3B, FCF/NI = 0.67
✓
C3Accruals Ratio
Accruals ratio = -6.9%. Low accruals
✗
C4Cash vs Debt
Cash $0.7B covers only 29% of debt $2.5B
04
Balance Sheet Health
✓
D1Goodwill + Intangibles
No goodwill. Clean balance sheet
✓
D2Leverage
Debt/EBITDA = 2.4x. Healthy
✓
D3Soft Asset Growth
Other assets 6.5% vs revenue 15.0%. Normal
—
D4Asset Impairment
No write-off data
05
Acquisition Risk
✓
E1Serial Acquirer FCF
FCF after acquisitions positive
✓
E2Goodwill Surge
No goodwill
06
Manipulation Score
—
F1Beneish M-Score
Insufficient data
05
Altman Z-Score
2.05
Grey Zone0 Distress1.102.605.0+ Safe
-0.078
Liquidity
0.4092
Cumulative profit
0.0907
Operating efficiency
0.5919
Leverage
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25