The Filing Desk

JetBlue vs SkyWest

JetBlue JBLU · SkyWest SKYW · Passenger Airlines

JetBlue reported revenue of $9.1 billion in fiscal 2025, 2.2 times SkyWest's $4.1 billion in fiscal 2025. JetBlue's revenue fell 2.3% in its latest year, and SkyWest's grew 15.0%. JetBlue had an operating margin of -4.1%, against 15.2% at SkyWest. Free cash flow was −$1.2 billion at JetBlue and $908 million at SkyWest.

Side by side

JetBlueSkyWest
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$9.1B$4.1B
Revenue growth−2.3%15.0%
Revenue growth a year, last 5 years25.1%13.8%
Gross margin——
Operating margin−4.1%15.2%
Net margin−6.6%10.6%
Free cash flow−$1.2B$908M
Free cash flow margin−12.9%22.4%
Return on capital−3.6%10.7%
Net debt to EBITDA19.8x1.7x
Dividends and buybacks$0M$0M
Change in diluted share count4.7%−0.3%
Last close$3.67$79.38
P/E at the last close—7.7×
Insider trades, last 12 monthsbought $623,844, sold $917,386sold $16.3 million
Piotroski F-score3 of 87 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
JetBlueSkyWest
Operating margin
Percent of revenue
JetBlueSkyWest
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
JetBlueSkyWest

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the JetBlue and SkyWest pages.