Sky Harbour Group (SKYH) AI Stock Analysis

• Market Cap: $688.89M
• Dividend Yield: N/A
• Average Volume (3M): 108.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.29
• Revenue Growth: 95.23%
• EPS Growth: 89.44%
• Country: US
• Employees: 84
• Sector: Real Estate
• Sector Strength: 53
• Industry: Aerospace & Defense
• EPS (TTM): -0.06
• Shares Outstanding: 33,989,674
• 10 Day Avg. Volume: 82,621
• 30 Day Avg. Volume: 108,478
• PEG Ratio: -0.09
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 20.80
• P/FCF Ratio: -3.50
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 28.63
• Enterprise Value/Gross Profit: 66.20
• Enterprise Value/Ebitda: 391.57
• 1Y Price Target: $17.33
• Price Target Upside: 91.28% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): -0.3
• Revenue Forecast (FY): $47.04M

• Rating: 47 Neutral
• Price Target: $9.00 ▼(-0.66% Downside)

Sky Harbour Group's overall stock score is driven by its financial challenges, including high leverage and negative profitability, which weigh heavily on the score. Despite positive sentiment from the earnings call and strategic growth initiatives, technical indicators and valuation metrics are weak, limiting the overall score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Sky Harbour's services and successful expansion efforts, enhancing long-term market position.

Strategic Expansion

Expanding to more airports strengthens market presence and revenue potential, supporting long-term growth and competitive advantage.

Financing Developments

Securing favorable financing ensures capital availability for future projects, aiding sustainable growth and operational stability.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting flexibility and impacting long-term financial health if not managed carefully.

Profitability Challenges

Ongoing profitability issues may hinder reinvestment and growth, posing a risk to long-term sustainability and shareholder returns.

Cash Flow Issues

Weak cash flow position can strain operations and limit strategic initiatives, impacting long-term viability and growth prospects.

Sky Harbour Group Business Overview & Revenue Model

Company Description

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company was founded in 2017 and is based in White Plains, New York.

How the Company Makes Money

Sky Harbour Group generates revenue primarily through several key streams: the sale of fuel to private aircraft, leasing hangar space to aircraft owners, and providing various FBO services such as maintenance and repair, ground handling, and concierge services. The company also benefits from a growing demand for private aviation, particularly in the wake of increased travel preferences for safety and convenience. Significant partnerships with aircraft manufacturers and private jet management companies enhance its market presence and customer base, contributing to consistent earnings. Additionally, the company's expansion into new markets and the addition of new facilities further bolster its revenue potential.

Sky Harbour Group Financial Statement Overview

Summary

Sky Harbour Group is experiencing growth in revenue, but profitability and cash flow remain significant challenges. The high leverage and negative returns on equity indicate financial instability. While there are improvements in revenue and gross profit margins, the company needs to address its cash flow and debt management to enhance financial health.

Income Statement

Sky Harbour Group shows a significant improvement in revenue growth with a 15.32% increase in the TTM period. However, the company continues to face challenges with profitability, as indicated by negative net profit and EBIT margins. The gross profit margin has improved to 44.07%, suggesting better cost management, but overall profitability remains a concern.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio, indicating significant leverage, which poses a risk. The return on equity is negative, reflecting ongoing losses. However, the equity ratio is relatively stable, suggesting some level of asset backing.

Cash Flow

Sky Harbour Group's cash flow position is weak, with negative operating and free cash flows. The free cash flow to net income ratio is high, indicating that cash flow issues are more severe than income statement losses suggest. The negative growth in free cash flow further highlights liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.13M	14.76M	7.58M	1.84M	1.58M	685.60K
Gross Profit	10.43M	5.64M	407.00K	-3.90M	-3.46M	-1.26M
EBITDA	1.76M	-50.26M	-22.62M	-11.02M	-9.25M	-2.05M
Net Income	-4.30M	-45.23M	-16.18M	-3.18M	-13.61M	-2.54M
Balance Sheet
Total Assets	558.03M	556.56M	402.20M	331.20M	303.89M	140.24M
Cash, Cash Equivalents and Short-Term Investments	23.50M	42.44M	72.12M	27.07M	6.80M	1.12M
Total Debt	345.71M	322.95M	241.17M	215.74M	221.97M	57.49M
Total Liabilities	394.18M	396.74M	269.95M	232.83M	232.93M	22.92M
Stockholders Equity	116.76M	104.10M	69.16M	26.28M	70.96M	117.32M
Cash Flow
Free Cash Flow	-98.71M	-87.64M	-63.88M	-73.46M	-22.61M	-12.94M
Operating Cash Flow	-9.36M	-9.10M	-7.74M	-27.49M	-6.62M	-1.04M
Investing Cash Flow	-96.57M	-43.91M	-16.27M	-187.84M	-15.99M	-11.90M
Financing Cash Flow	68.23M	75.09M	54.87M	52.79M	226.47M	11.99M

Sky Harbour Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKYH, the sentiment is Neutral. The current price of 9.06 is below the 20-day moving average (MA) of 9.12, below the 50-day MA of 9.33, and below the 200-day MA of 10.26, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 50.97 is Neutral, neither overbought nor oversold. The STOCH value of 67.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SKYH.

Sky Harbour Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AIRO	56 Neutral	$316.79M	-131.80	―	―	―	―
EVEX	49 Neutral	$1.57B	-7.06	-115.63%	―	―	-33.69%
RDW	49 Neutral	$1.69B	-3.35	-50.08%	―	-0.63%	-163.11%
SKYH	47 Neutral	$688.89M	-17.23	-5.40%	―	95.23%	89.44%
EVTL	45 Neutral	$600.03M	-0.67	―	―	―	―
EH	43 Neutral	$1.02B	-33.14	-24.60%	―	23.58%	20.74%

Sky Harbour Group Corporate Events

Sky Harbour updates at-the-market equity offering program

On December 31, 2025, Sky Harbour Group Corporation amended and restated its existing at-the-market equity offering arrangement by adding Yorkville Securities as an additional sales agent alongside B. Riley Securities. Under the updated agreement, the company may sell up to $100 million of its Class A common stock over time, with approximately $98.6 million of capacity remaining as of the amendment date, while all other material terms of the prior sales agreement remain unchanged, preserving Sky Harbour’s flexibility to raise equity capital as needed.

The most recent analyst rating on (SKYH) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.

Walter Jackson Resigns from Sky Harbour Board

On December 10, 2025, Walter Jackson announced his resignation from the Sky Harbour Group Corporation’s Board of Directors, effective December 31, 2025, without any disagreements with the company’s operations. Subsequently, Andrew Jody Gessow was appointed to the Board and the Audit Committee, bringing extensive experience from his roles in real estate investment and cybersecurity sectors, while Jordan Moelis was named Chairman of the Audit Committee.

The most recent analyst rating on (SKYH) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.

Sky Harbour Issues Shares to Enhance Liquidity

On December 8, 2025, Sky Harbour LLC, a subsidiary of Sky Harbour Group Corporation, issued a non-convertible, unsecured promissory note worth $15 million to YA II PN, Ltd. The note, which matures on June 8, 2027, will be used for working capital and general corporate purposes. On December 15, 2025, the company also issued 50,000 shares of its Class A common stock to Yorkville in a registered direct offering. This financial maneuver is part of Sky Harbour’s strategy to bolster its liquidity and support its operations in the private aviation infrastructure sector.

The most recent analyst rating on (SKYH) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.