Company Analysis

Sky Harbour Group Corporation (SKYH)

NYSE: SKYH · Real Estate · Omaha, NE · filing with the SEC since 2020
Grade5.0
◀ Past 2.8● Present 5.2▶ Future 6.4
2 est.

The grade of Sky Harbour Group Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past2.825% of the headline
● Present5.245% of the headline
▶ Future6.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.8/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.8/10

Has it survived what it has been through?

7 warning events since 2020; the latest 2024-12-17.

weight 45% of this tense · 8th percentile among 32 sector filers · read for itself

From the record

Sky Harbour Group Corporation's filings since 2020 show 7 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-12-17); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2023-10-10); an auditor change (8-K item 4.01, the latest 2022-01-31); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.1/10

What has it actually done, year after year?

+104.4% a year over 5 filed years; profitable in 1 of 5.

weight 33% of this tense · 71st percentile among 29 sector filers · read for its customers

From the record

Sky Harbour Group Corporation's 5 filed years say what it did: revenue went from $2 million in fiscal 2021 to $28 million in fiscal 2025, up 104.4% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span104.4%top 5% of its family
  • the share of years revenue rosetop 14% of its family
  • the share of filed years with a profitbottom 17% of its family
  • the deepest fall from a revenue peak0.0%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.5/10

How has it treated the people who own it?

SI estimate 0.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 5th percentile among 31 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 5% of 31 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 31 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sky Harbour Group Corporation's shareholder treatment is put at 0.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 5% of 31 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.2/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.6/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 71%: owes 71¢ per asset dollar.

weight 45% of this tense · 36th percentile among 31 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Sky Harbour Group Corporation earned about 11 cents of profit for every dollar of shareholders' money. Leverage: it owed about 71 cents per dollar of assets, and net share issuance: its share count grew 202.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 21% of its family
  • return on equitytop 18% of its family
  • the share count against the year beforebottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.0/10

How strong is its position in its industry?

top 30% of 30 in its family; net margin 68.3%.

weight 33% of this tense · 70th percentile among 30 sector filers · read for its customers

From the record

Sky Harbour Group Corporation's standing among 30 graded names in its industry family: revenue of $28 million in fiscal 2025 ranks in the bottom 20% by size; a net margin of 68.3% ranks in the top 8%; revenue growth of 146.2% a year over the last 3 filed years ranks in the top 2% (its annual reports).

What it rests on

  • revenue against the family$27.5Mbottom 20% of its family
  • net margin68.3%top 8% of its family
  • three-year revenue growth146.2%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.6/10

What are the people in charge doing?

SI estimate 5.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 56th percentile among 26 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 44% of 26 in its family; the record of its people begins on 2022-01-25 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.8 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2022-01-25 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.8 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 26 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sky Harbour Group Corporation's leadership is put at 5.6 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 44% of 26 in its family; the record of its people begins on 2022-01-25 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.8 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.2/10

How much room does it have to grow?

bottom 22% of 29 in its family for room to expand.

weight 22% of this tense · 22nd percentile among 29 sector filers · read for itself

From the record

Sky Harbour Group Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $37 million against debt of $187 million leaves -25.4% of its assets as net cash, bottom 21% of its family; cash from operations less capital spending is -43% of revenue (bottom 22%) (its annual report).

What it rests on

  • cash less debt against assets-25.4%bottom 21% of its family
  • cash from operations less capital spending against revenue-43.0%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
9.1/10

What could actually drive growth from here?

top 9% of 29 in its family for growth drivers.

weight 33% of this tense · 91st percentile among 29 sector filers · read for its customers

From the record

Sky Harbour Group Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 146.2% a year over the last three filed years against 104.4% over all 5, speeding up (top 2% of its family); the newest year grew 86.7% (top 5%); capital spending grew 108.4% a year (top 21%) (its annual reports). Sky Harbour Group Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+41.8 points a yeartop 2% of its family
  • the newest year's revenue growth86.7%top 5% of its family
  • three-year growth of capital spending108.4%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.6/10

Did its newest year beat what its own record pointed to?

top 34% of 29 in its family for expectations against reality.

weight 45% of this tense · 66th percentile among 29 sector filers · read for its shareholders

From the record

Sky Harbour Group Corporation's newest year against its own record: revenue of $28 million in fiscal 2025 came in 34% below the $42 million its prior three years' pace pointed to (bottom 12% of its family); net income of $19 million against a prior three-year average of $22 million (top 9%); a net margin of 68.3% against losses larger than its revenue before (top 5%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-34.0%bottom 12% of its family
  • net income against the prior three years' average+187%top 9% of its family
  • net margin against its prior averageup more than 100 pointstop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SKYH · research, not advice