Sky Harbour Group (SKYH) AI Stock Analysis

• Market Cap: $741.36M
• Dividend Yield: N/A
• Average Volume (3M): 147.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: 102.32%
• EPS Growth: 13.67%
• Country: US
• Employees: 84
• Sector: Industrials
• Sector Strength: 86
• Industry: Aerospace & Defense
• EPS (TTM): -0.19
• Shares Outstanding: 33,835,373
• 10 Day Avg. Volume: 117,198
• 30 Day Avg. Volume: 147,473
• PEG Ratio: -0.32
• Price to Book (P/B): 3.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -32.33
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 243.11
• Enterprise Value/Gross Profit: -2.06K
• Enterprise Value/Ebitda: -57.38
• 1Y Price Target: $19.13
• Price Target Upside: 95.80% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 45 Neutral
• Price Target: $10.00 ▲(2.35%Upside)

Sky Harbour Group's overall stock score is significantly impacted by its challenging financial performance, with negative profitability, high leverage, and cash flow issues being the biggest concerns. While technical indicators show neutral momentum, valuation remains pressured by the negative P/E ratio. The positive earnings call sentiment provides some optimism, but operational and financial risks persist, warranting a cautious outlook.

Positive Factors

Demand and Market Conditions

Sky Harbour should benefit from accelerating demand for private jet storage in the U.S., driven by a significant expansion in the executive aviation fleet and a structural imbalance between aircraft growth and available infrastructure.

Expansion and Growth Potential

Sky Harbour's model is built to scale efficiently as the company expands its network of hangar campuses, allowing each new campus to contribute incremental revenue with limited additional overhead.

Market Position

Sky Harbour offers scarcity value as the only publicly traded company focused exclusively on home-basing and hangar leasing, in a fragmented, infrastructure-constrained market.

Negative Factors

Competitive Pricing

The demand for private jet aviation hangar space continues to exceed supply, allowing the company to charge higher rental rates than initially forecasted.

Financial Milestones

The company is expected to reach free cash flow and adjusted EBITDA breakeven by the end of 2025, driven by campus-level cash flow exceeding corporate operating expenses, validating the strategy of scaling through disciplined development in high-demand markets.

Project Timelines

Management's confidence is bolstered by the fact that construction of new hangar campuses is on schedule, ensuring timely project completion.

Sky Harbour Group Business Overview & Revenue Model

Company Description

Sky Harbour Group (SKYH) is a company that specializes in the development and operation of private aviation infrastructure. The company primarily focuses on building and managing state-of-the-art hangar campuses for business and private jets, catering to the needs of aircraft owners, operators, and aviation service providers. With an emphasis on quality and customer service, Sky Harbour offers customized solutions to enhance the private aviation experience.

How the Company Makes Money

Sky Harbour Group makes money through the leasing and management of hangar spaces at its aviation campuses. The company's primary revenue stream comes from long-term lease agreements with aircraft owners and operators who require secure and convenient storage solutions for their private jets. Additionally, Sky Harbour generates income by offering ancillary services such as maintenance, fueling, and concierge services, which enhance the overall value proposition for its clients. The company's financial performance is further supported by strategic partnerships with airport authorities and aviation service providers, which help expand its operational footprint and attract a diverse client base.

Sky Harbour Group Financial Statement Overview

Summary

Sky Harbour Group has shown substantial revenue growth, but struggles with profitability, as evidenced by negative profit margins and cash flow challenges. The balance sheet is strengthened by a strong equity position and no debt, but poor returns on equity highlight inefficiencies.

Income Statement

Sky Harbour Group has shown a positive revenue growth rate of 94.89% from 2023 to 2024, reflecting an upward trajectory in sales. However, the company struggles with profitability, as indicated by a negative gross profit margin of 5.95% and a net profit margin of -306.38%. The negative EBIT and EBITDA margins further highlight challenges in operational efficiency.

Balance Sheet

The company has a strong equity position, with an equity ratio of 18.71% in 2024. The debt-to-equity ratio has improved to 0, indicating no debt, which is a positive sign of financial stability. Despite this, the return on equity is negative at -43.45%, signaling inefficiencies in generating returns on shareholder investments.

Cash Flow

Sky Harbour Group faces challenges with cash flow, as evidenced by a negative free cash flow. While operating cash flow to net income ratio is positive, indicating some alignment between reported income and cash generation, the company needs to improve its free cash flow management to ensure sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.76M	7.58M	1.84M	-2.55B	685.60K
Gross Profit	-10.95M	407.00K	-3.20M	-2.55B	-1.26M
EBITDA	-1.93M	-22.62M	-11.02M	-9.25M	-2.05M
Net Income	-45.23M	-16.18M	1.65M	9.04M	-2.93M
Balance Sheet
Total Assets	556.56M	402.20M	331.20M	139.11M	52.02M
Cash, Cash Equivalents and Short-Term Investments	61.43M	72.12M	2.17M	114.63K	-34.81M
Total Debt	322.95M	241.17M	215.74M	1.00M	57.49M
Total Liabilities	396.74M	269.95M	232.83M	18.84M	58.53M
Stockholders Equity	104.10M	69.16M	26.28M	120.27M	-6.51M
Cash Flow
Free Cash Flow	-87.64M	-63.88M	-73.46M	-17.96M	-12.94M
Operating Cash Flow	-9.10M	-7.74M	-27.49M	-1.97M	-1.04M
Investing Cash Flow	-43.91M	-16.27M	-187.84M	-42.28K	-11.90M
Financing Cash Flow	75.09M	54.87M	52.79M	1.00M	11.99M

Sky Harbour Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.77
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKYH, the sentiment is Negative. The current price of 9.77 is below the 20-day moving average (MA) of 10.17, below the 50-day MA of 10.14, and below the 200-day MA of 11.13, indicating a bearish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 46.74 is Neutral, neither overbought nor oversold. The STOCH value of 12.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SKYH.

Sky Harbour Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DCO	75 Outperform	$1.35B	39.24	5.25%	―	3.02%	95.76%
ATRO	67 Neutral	$1.21B	―	-1.35%	―	13.73%	86.81%
Sector *	61 Neutral	C$6.51B	7.64	2.76%	2.72%	6.06%	-10.89%
EH	51 Neutral	$1.28B	―	-43.18%	―	167.99%	22.75%
SKYH	45 Neutral	$741.36M	―	-42.87%	―	102.32%	13.67%
EVEX	43 Neutral	$1.96B	―	-148.98%	―	―	-2.94%
RDW	42 Neutral	$2.06B	―	-451.56%	―	1.36%	-213.86%

Sky Harbour Group Corporate Events

Sky Harbour Group Holds 2025 Annual Stockholder Meeting

On June 19, 2025, Sky Harbour Group Corporation held its 2025 Annual Meeting of Stockholders where stockholders voted on two proposals. The first proposal involved the election of seven directors, all of whom were elected to serve until the 2026 annual meeting. The second proposal, which was approved, ratified the appointment of EisnerAmper LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (SKYH) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.