Sky Harbour Group (SKYH) AI Stock Analysis

• Market Cap: $750.88M
• Dividend Yield: N/A
• Average Volume (3M): 105.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.44
• Revenue Growth: 94.39%
• EPS Growth: 24.44%
• Country: US
• Employees: 84
• Sector: Real Estate
• Sector Strength: 53
• Industry: Aerospace & Defense
• EPS (TTM): 0.18
• Shares Outstanding: 33,876,774
• 10 Day Avg. Volume: 79,082
• 30 Day Avg. Volume: 105,434
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 52.21
• Enterprise Value/Gross Profit: 97.49
• Enterprise Value/Ebitda: -59.73
• 1Y Price Target: $18.00
• Price Target Upside: 82.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 50 Neutral
• Price Target: $10.00 ▲(1.11% Upside)

Sky Harbour Group's overall stock score reflects strong revenue growth and positive future guidance from the earnings call, but is offset by financial instability due to high leverage, negative margins, and cash flow challenges. Technical indicators are neutral, and valuation metrics suggest potential overvaluation.

Positive Factors

Revenue Growth

Sky Harbour's strong revenue growth reflects successful expansion and increased demand for its aviation infrastructure solutions, supporting long-term market positioning.

Cash Flow Improvement

Improved cash flow indicates better operational efficiency and financial management, enhancing the company's ability to sustain growth and invest in future projects.

Pre-Leasing Success

Successful pre-leasing of hangars at new campuses demonstrates strong market demand and effective business strategy, securing future revenue streams.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns.

Negative Cash Flow

Negative cash flow growth highlights ongoing financial challenges, impacting the company's ability to fund operations and strategic initiatives without external financing.

Increased Operating Expenses

Rising operating expenses can erode profit margins and strain financial resources, necessitating improved cost management to maintain profitability.

Sky Harbour Group Business Overview & Revenue Model

Company Description

Sky Harbour Group (SKYH) is a leading developer and operator of purpose-built private aviation facilities across the United States. The company focuses on creating high-quality, modern FBO (Fixed Base Operator) services that cater to the needs of private and corporate aircraft owners. Sky Harbour Group is dedicated to enhancing the private aviation experience by offering premium services, including fuel sales, hangar space, concierge services, and maintenance support. With strategically located facilities, the company aims to provide unparalleled accessibility and convenience for its clientele in the growing private aviation sector.

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's financial performance is challenged by high leverage and negative margins, despite strong revenue growth. The company faces profitability and cash flow issues, with a high debt-to-equity ratio and negative operating cash flows.

Income Statement

Sky Harbour Group's income statement shows a mixed performance. The company has achieved a significant revenue growth rate of 16.55% TTM, indicating strong top-line expansion. However, profitability remains a concern with negative net profit margins and EBIT margins, suggesting ongoing operational challenges. The gross profit margin has improved to 53.56% TTM, which is a positive sign, but the negative EBITDA margin highlights issues with operational efficiency.

Balance Sheet

The balance sheet reflects high leverage with a debt-to-equity ratio of 2.94 TTM, which poses financial risk. The return on equity is negative, indicating that the company is not generating profits from shareholders' equity. The equity ratio stands at 20.63%, suggesting a moderate level of equity financing relative to total assets. Overall, the balance sheet shows financial instability due to high debt levels.

Cash Flow

Cash flow analysis reveals challenges with negative operating and free cash flows, indicating cash burn. The free cash flow to net income ratio is high at 3.94 TTM, suggesting that the company is generating cash relative to its net losses. However, the negative free cash flow growth rate of -19.74% TTM indicates deteriorating cash flow conditions. The operating cash flow to net income ratio is negative, highlighting inefficiencies in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	20.92M	14.76M	7.58M	1.84M	1.58M	685.60K
Gross Profit	11.20M	879.00K	407.00K	-3.90M	-3.46M	-1.26M
EBITDA	-18.29M	-50.26M	-22.62M	-11.02M	-9.25M	-2.05M
Net Income	-20.98M	-45.23M	-16.18M	-3.18M	-13.61M	-2.54M
Balance Sheet
Total Assets	568.14M	556.56M	402.20M	331.20M	303.89M	140.24M
Cash, Cash Equivalents and Short-Term Investments	8.61M	42.44M	72.12M	27.07M	6.80M	1.12M
Total Debt	344.75M	322.95M	241.17M	215.74M	222.97M	57.49M
Total Liabilities	401.09M	396.74M	269.95M	232.83M	232.93M	22.92M
Stockholders Equity	117.18M	104.10M	69.16M	26.28M	70.96M	-6.51M
Cash Flow
Free Cash Flow	-37.88M	-87.64M	-63.88M	-73.46M	-17.96M	-12.94M
Operating Cash Flow	-9.62M	-9.10M	-7.74M	-27.49M	-1.97M	-1.04M
Investing Cash Flow	-153.25M	-43.91M	-16.27M	-187.84M	-15.99M	-11.90M
Financing Cash Flow	72.66M	75.09M	54.87M	52.79M	226.47M	11.99M

Sky Harbour Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.89
• 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 9.89 is below the 20-day moving average (MA) of 10.16, below the 50-day MA of 10.18, and below the 200-day MA of 10.64, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 43.15 is Neutral, neither overbought nor oversold. The STOCH value of 19.18 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
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AIRO	―	$553.37M	―	―	―	―	―
EH	―	$1.36B	―	-30.69%	―	87.67%	18.33%
SKYH	―	$750.88M	―	-23.63%	―	94.39%	24.44%
EVEX	―	$1.31B	―	-320.52%	―	―	-30.78%
RDW	―	$1.30B	―	-45.35%	―	-10.50%	-230.68%
EVTL	―	$433.52M	―	―	―	―	―

Sky Harbour Group Corporate Events

Sky Harbour Group Secures $200M Credit Agreement

On September 4, 2025, Sky Harbour Capital II LLC, a subsidiary of Sky Harbour Group Corporation, entered into a Credit Agreement with JPMorgan Chase Bank and other lenders for a term loan facility of up to $200 million, which may be increased to $300 million. The facility will fund the construction and operation of hangar projects, with loans secured by real estate, equity interests, and certain revenues. The agreement includes various covenants and prepayment conditions, impacting the company’s financial strategy and stakeholder obligations.

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’s Earnings Call Highlights Robust Growth

The recent earnings call for Sky Harbour Group Corporation painted a picture of robust performance, marked by substantial revenue growth and enhanced cash flow. The introduction of a new bank debt facility and successful pre-leasing initiatives were notable achievements. However, these positive developments were slightly overshadowed by rising operating expenses and challenges associated with ground lease expenses.

Sky Harbour Group Reports Strong Revenue Growth

Sky Harbour Group Corporation is an aviation infrastructure development company that specializes in developing, leasing, and managing general aviation hangars for business aircraft across the United States. The company operates under an Up-C structure, with its main operating assets held by Sky Harbour LLC.

Sky Harbour Group Announces New Head of Construction

On August 8, 2025, Sky Harbour Group announced the amicable departure of its COO, Willard Whitesell, who led the construction division, and the appointment of Phil Amos as the new Head of Construction. The company reported significant financial growth in Q2 2025, with an 82% increase in consolidated revenues year-over-year and strong liquidity of nearly $75 million. Sky Harbour is expanding its operations with new campuses and pre-leasing initiatives, and it plans to secure a $200 million tax-exempt bank debt facility to fund future airport projects.

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.