Sky Harbour (SKYH)
Market Price (7/8/2026): $10.13 | Market Cap: $345.1 MilSector: Real Estate | Industry: Real Estate Development
Sky Harbour (SKYH)
Market Price (7/8/2026): $10.13Market Cap: $345.1 MilSector: Real EstateIndustry: Real Estate Development
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 71% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Smart Buildings & Proptech, and Experience Economy & Premiumization. Themes include Private Aviation Infrastructure, Show more. | Weak multi-year price returns2Y Excs Rtn is -34% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -92% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 158% Expensive valuation multiplesP/SPrice/Sales ratio is 11x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 20% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -306% Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 21.33 Key risksSKYH key risks include [1] executing its aggressive, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 71% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Smart Buildings & Proptech, and Experience Economy & Premiumization. Themes include Private Aviation Infrastructure, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -34% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -92% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 158% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 11x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -306% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 21.33 |
| Key risksSKYH key risks include [1] executing its aggressive, Show more. |
Qualitative Assessment
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Sky Harbour (SKYH) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Robust Forward Guidance and Operational Strength Despite Q1 2026 Earnings Miss.
Sky Harbour (SKYH) demonstrated underlying operational strength and provided optimistic future guidance, which overshadowed its fiscal Q1 2026 financial results. While the company reported a diluted loss per share of -$0.16 and revenue of $8.73 million for fiscal Q1 2026, missing analysts' consensus estimates of -$0.11 to -$0.14 EPS and $9.96 million in revenue, respectively, the stock still gained 2.25% on the day of the earnings release. This positive market reaction was likely driven by management's updated 2026 guidance, projecting an annualized revenue run-rate of $42 million to $46 million and adjusted EBITDA of $4 million to $6 million by year-end, a significant improvement from the negative $6 million adjusted EBITDA run-rate in fiscal Q1 2026.
2. Significant Growth in Assets and High Occupancy Rates.
The company continued to expand its infrastructure, reporting that consolidated assets under construction and completed exceeded $352 million in fiscal Q1 2026, marking a $75 million year-over-year increase. Sky Harbour also highlighted strong demand and effective pricing power, with economic occupancy rates at or above 100% across most stabilized campuses, including San Jose reaching 132%. The successful pre-leasing strategy for Miami Opa Locka Phase 2 resulted in it opening 68% leased, further indicating strong market penetration and demand for its facilities.
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Sky Harbour (SKYH) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Robust Forward Guidance and Operational Strength Despite Q1 2026 Earnings Miss.
Sky Harbour (SKYH) demonstrated underlying operational strength and provided optimistic future guidance, which overshadowed its fiscal Q1 2026 financial results. While the company reported a diluted loss per share of -$0.16 and revenue of $8.73 million for fiscal Q1 2026, missing analysts' consensus estimates of -$0.11 to -$0.14 EPS and $9.96 million in revenue, respectively, the stock still gained 2.25% on the day of the earnings release. This positive market reaction was likely driven by management's updated 2026 guidance, projecting an annualized revenue run-rate of $42 million to $46 million and adjusted EBITDA of $4 million to $6 million by year-end, a significant improvement from the negative $6 million adjusted EBITDA run-rate in fiscal Q1 2026.
2. Significant Growth in Assets and High Occupancy Rates.
The company continued to expand its infrastructure, reporting that consolidated assets under construction and completed exceeded $352 million in fiscal Q1 2026, marking a $75 million year-over-year increase. Sky Harbour also highlighted strong demand and effective pricing power, with economic occupancy rates at or above 100% across most stabilized campuses, including San Jose reaching 132%. The successful pre-leasing strategy for Miami Opa Locka Phase 2 resulted in it opening 68% leased, further indicating strong market penetration and demand for its facilities.
3. Favorable Analyst Sentiment and Price Targets.
SKYH maintained a positive outlook from Wall Street analysts during the period. Analysts provided a consensus rating of "Moderate Buy" or "Strong Buy". The average 12-month price targets for SKYH ranged from $13.00 to $16.66, suggesting a significant potential upside of 32.09% to 69.31% from the stock's closing price of $9.84 on June 30, 2026. Notably, BTIG reiterated a "Buy" rating with a $13 price target on June 18, 2026.
4. Strategic Financing Supporting Expansion.
Although the $150 million private activity tax-exempt financing (2026 Series Bonds) at a fixed interest rate of 6.00% was secured in February 2026, prior to the start of fiscal Q2 2026, the availability of this capital continued to provide a stable financial foundation for Sky Harbour's ongoing expansion projects. This favorable financing, with proceeds invested in short and medium US Treasury bills and notes, ensures liquidity for future capital expenditures and interest payments, thus bolstering investor confidence in the company's ability to fund its growth strategy.
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Stock Movement Drivers
Fundamental Drivers
The 5.1% change in SKYH stock from 3/31/2026 to 7/7/2026 was primarily driven by a 11.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.63 | 10.12 | 5.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 28 | 31 | 11.4% |
| Net Income Margin (%) | 68.3% | 64.0% | -6.4% |
| P/E Multiple | 17.4 | 17.6 | 1.2% |
| Shares Outstanding (Mil) | 34 | 34 | -0.4% |
| Cumulative Contribution | 5.1% |
Market Drivers
3/31/2026 to 7/7/2026| Return | Correlation | |
|---|---|---|
| SKYH | 5.1% | |
| Market (SPY) | 15.0% | 43.6% |
| Sector (XLRE) | 9.9% | 25.3% |
Fundamental Drivers
The 12.8% change in SKYH stock from 12/31/2025 to 7/7/2026 was primarily driven by a 27.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.97 | 10.12 | 12.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 31 | 27.1% |
| P/S Multiple | 12.6 | 11.2 | -10.8% |
| Shares Outstanding (Mil) | 34 | 34 | -0.6% |
| Cumulative Contribution | 12.8% |
Market Drivers
12/31/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| SKYH | 12.8% | |
| Market (SPY) | 9.9% | 40.5% |
| Sector (XLRE) | 12.0% | 24.0% |
Fundamental Drivers
The 3.6% change in SKYH stock from 6/30/2025 to 7/7/2026 was primarily driven by a 70.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.77 | 10.12 | 3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18 | 31 | 70.9% |
| P/S Multiple | 18.3 | 11.2 | -38.6% |
| Shares Outstanding (Mil) | 34 | 34 | -1.2% |
| Cumulative Contribution | 3.6% |
Market Drivers
6/30/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| SKYH | 3.6% | |
| Market (SPY) | 22.0% | 38.1% |
| Sector (XLRE) | 11.1% | 27.0% |
Fundamental Drivers
The 114.0% change in SKYH stock from 6/30/2023 to 7/7/2026 was primarily driven by a 1100.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.73 | 10.12 | 114.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 31 | 1100.0% |
| Net Income Margin (%) | 249.7% | 64.0% | -74.4% |
| P/E Multiple | 11.1 | 17.6 | 58.3% |
| Shares Outstanding (Mil) | 15 | 34 | -56.0% |
| Cumulative Contribution | 114.0% |
Market Drivers
6/30/2023 to 7/7/2026| Return | Correlation | |
|---|---|---|
| SKYH | 114.0% | |
| Market (SPY) | 74.6% | 26.1% |
| Sector (XLRE) | 30.8% | 17.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SKYH Return | 0% | -74% | 263% | 23% | -25% | 15% | 2% |
| Peers Return | 63% | -31% | 19% | -14% | 12% | 10% | 42% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| SKYH Win Rate | 75% | 25% | 50% | 67% | 33% | 71% | |
| Peers Win Rate | 72% | 33% | 53% | 45% | 67% | 69% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| SKYH Max Drawdown | -9% | -93% | -53% | -38% | -39% | -21% | |
| Peers Max Drawdown | -10% | -40% | -23% | -22% | -23% | -11% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PLD, REXR, EGP, STAG, TRNO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)
How Low Can It Go
| Event | SKYH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.0% | -18.8% |
| % Gain to Breakeven | 13.6% | 23.1% |
| Time to Breakeven | 67 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.2% | -6.7% |
| % Gain to Breakeven | 26.8% | 7.1% |
| Time to Breakeven | 98 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -71.3% | -24.5% |
| % Gain to Breakeven | 247.9% | 32.4% |
| Time to Breakeven | 422 days | 427 days |
In The Past
Sky Harbour's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.
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| Event | SKYH | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.2% | -6.7% |
| % Gain to Breakeven | 26.8% | 7.1% |
| Time to Breakeven | 98 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -71.3% | -24.5% |
| % Gain to Breakeven | 247.9% | 32.4% |
| Time to Breakeven | 422 days | 427 days |
In The Past
Sky Harbour's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Sky Harbour (SKYH)
Sky Harbour Group Corporation (SKYH) is an aviation infrastructure development company operating within the United States. The company's core business involves identifying, developing, and operating modern infrastructure solutions to meet the growing demand in the general aviation sector. Essentially, Sky Harbour builds the specialized facilities required for the secure housing and operation of business aircraft.
The primary products and services offered by Sky Harbour center on purpose-built general aviation hangars. These facilities are specifically designed for business aircraft, providing state-of-the-art, secure, and climate-controlled environments for storage and operational support. Sky Harbour develops these hangars, then leases and manages them, offering comprehensive, long-term infrastructure solutions for its clientele.
Sky Harbour's main customers are operators and owners of business aircraft, including corporations, private jet owners, and fractional aircraft ownership programs. The company targets the sophisticated end of the general aviation market, serving clients who require premium, dedicated facilities for their corporate and private jet fleets. Its market is primarily focused on providing critical infrastructure at strategic airports across the United States.
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1. Prologis for business aircraft hangars
2. Digital Realty for private jet hangars
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Hangar Development
The design, construction, and establishment of new general aviation hangars for business aircraft.
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Hangar Leasing
Providing business aircraft operators with access to general aviation hangars through rental agreements.
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Hangar Management
Overseeing the operations, maintenance, and facility services for general aviation hangars.
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Sky Harbour (SKYH) operates in the aviation infrastructure sector, developing, leasing, and managing general aviation hangars for business aircraft. As such, its customers are primarily owners and operators of these aircraft. Given the nature of its business, Sky Harbour primarily serves the following categories of customers:
- Corporations: Companies that own and operate business jets for executive travel, corporate transportation, and other business purposes.
- High Net Worth Individuals (HNWIs): Wealthy individuals who own private aircraft for personal use and require secure, managed hangar space.
- Aircraft Management and Charter Companies: Firms that manage private aircraft on behalf of owners, offer fractional ownership programs, or provide private jet charter services, and therefore require hangar facilities for their fleets.
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Tal Keinan, Chairman of the Board and Chief Executive Officer
Mr. Keinan assembled and has led the Sky Harbour team since its inception in October 2017. He has served as Co-Founder and Executive Chairman of Clarity Capital KCPS Ltd., a global asset-management firm, since September 2005. Additionally, he has been the chairman of Koret Israel Economic Development Funds, Israel's largest nonprofit lender to small and micro businesses, since 2010. Mr. Keinan is a veteran of the Israel Air Force, where he served for eighteen years as an operational F-16 pilot and air combat instructor, retiring with the rank of Lieutenant Colonel. He holds a Master's degree in Business Administration from the Harvard Business School.
Francisco Gonzalez, Chief Financial Officer
Mr. Gonzalez's career in finance spans three decades, beginning at Goldman Sachs, where he led or participated in more than $25 billion in municipal bond financings, interest rate swaps, and public-private partnerships for infrastructure and municipal clients, with an emphasis on airports. He continued his career at the Royal Bank of Canada and Fortress Investment Group, an investment management firm known for its private equity activities. Mr. Gonzalez joined Sky Harbour at the company's inception, overseeing its financial, capital markets, treasury, tax, and accounting functions. He holds an MBA from Harvard Business School and a Bachelor of Arts in Economics from Harvard College.
Will Whitesell, Chief Operating Officer
Mr. Whitesell joined Sky Harbour as Chief Operating Officer in January 2024. He brings over 20 years of experience in construction, development, and senior management from his previous roles at Turner Construction, The Related Companies, and Suffolk Construction. Prior to joining Sky Harbour, he served for five years as Suffolk's COO for the New York region.
Michael Schmitt, Chief Accounting Officer
Mr. Schmitt serves as the Chief Accounting Officer for Sky Harbour Group Corporation.
Gerald Adler, General Counsel & Company Secretary
Mr. Adler serves as the General Counsel and Company Secretary for Sky Harbour Group Corporation.
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The key risks to Sky Harbour Group Corporation (SKYH) largely revolve around its capital-intensive growth strategy and market dependency:
- Execution and Construction Risks: Sky Harbour's business model relies heavily on the timely and cost-effective development of new hangar campuses across various airports. Key challenges include securing scarce airport land, managing rapid campus rollouts, and mitigating the potential for construction delays, cost overruns, and design flaws. These factors directly impact the company's operating expenses, its ability to achieve projected revenue growth, and ultimately, its path to profitability.
- Financial Risks and High Leverage: As a development company, Sky Harbour is capital-intensive and has operated with high leverage, reporting a Debt/Equity ratio exceeding 200% as of March 2025. The company remains unprofitable due to heavy development costs, with a trailing twelve-month net loss of $32.7 million through Q1 2025. While recent financing efforts have addressed immediate equity dilution concerns through 2027, the company's ongoing expansion requires significant capital, and its near-term success depends on continued access to favorable financing and effective debt management.
- Dependence on Sustained Business Aviation Demand: Sky Harbour's growth is fundamentally driven by the increasing demand for high-quality hangar space for business aircraft, catering to ultra-high-net-worth clients. Although the business aviation sector has shown steady growth, particularly since the COVID-19 pandemic, any future shifts in economic conditions, regulatory environments, or preferences for private air travel could impact the long-term utilization rates and rental income from its hangar facilities, thereby affecting earnings stability.
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The addressable market for Sky Harbour's main products and services, which involve developing, leasing, and managing general aviation hangars for business aircraft, is primarily within the United States.
The North American aircraft hangar market was valued at approximately USD 356.6 million in 2025. North America is a dominant region in the aircraft hangar market, driven by a high concentration of airports, major aerospace players, and significant investments in airport infrastructure and maintenance, repair, and overhaul (MRO) facilities across the U.S. and Canada. The United States specifically accounted for over 88.50% of the North American aircraft hangar market in 2024. Based on this, the addressable market for aircraft hangars in the United States is estimated to be approximately USD 315.6 million in 2025.
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Here are 3-5 expected drivers of future revenue growth for Sky Harbour (SKYH) over the next 2-3 years:
- Expansion through New Campus Development and Ground Leases: Sky Harbour is actively pursuing and executing a strategy of expanding its network by securing new ground leases and developing additional hangar campuses across the United States. The company's pipeline includes numerous projects, with plans for new leases and construction in various locations, significantly contributing to future revenue streams as these facilities become operational.
- Increasing Demand for Business Aviation and Hangar Scarcity: The business aviation sector continues to experience growth, driven by factors such as rising corporate profits, globalization, and a preference for private air travel. This increasing demand, coupled with a structural shortage of high-quality general aviation hangar space at key airports, creates a favorable market for Sky Harbour, allowing it to attract tenants and maintain strong pricing power for its facilities.
- Ramp-up and Full Utilization of Recently Opened Campuses with Premium Rental Pricing: Revenue growth is expected to accelerate as recently opened campuses, such as those in Phoenix, Dallas, and Denver, continue to ramp up and achieve full occupancy. Sky Harbour has demonstrated the ability to achieve high occupancy rates, sometimes exceeding 100% through the use of semi-private hangars, and to command premium rents for its high-end infrastructure and services.
- Deployment of Larger, More Efficient Hangar Prototypes: The company's transition to newer, larger hangar prototypes, specifically the Sky Harbour 37 model (37,000 square feet), for all its new campuses is a driver for increased revenue. These larger designs allow for more aircraft to be housed within a given hangar footprint, maximizing the revenue-generating potential per facility and catering to the evolving needs of business aircraft operators.
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Share Issuance
- On February 3, 2026, Sky Harbour Group issued 40,000 shares of Class A common stock to Yorkville under a $10 million promissory note agreement.
- As of August 5, 2025, 33,876,773 shares of Class A common stock and 42,046,356 shares of Class B common stock were issued and outstanding.
- The company's primary sources of cash include the potential issuance of equity and debt securities.
Inbound Investments
- On September 4, 2025, Sky Harbour Capital II LLC, a wholly-owned subsidiary of Sky Harbour Group Corporation, secured a $200 million term loan facility with JPMorgan Chase Bank, N.A. to finance hangar projects, with the potential to increase to $300 million.
- In September 2021, a series of bonds was issued through the Public Finance Authority (Wisconsin) with a principal amount of $166.3 million.
- Management indicated preparations for a new debt issuance of $150 million to $175 million in 2025 to fund ongoing development.
Capital Expenditures
- In Q3 2025, Sky Harbour Group invested $1.5 million in capital expenditures, which was a decrease of 46.4% from the prior quarter.
- Constructed assets and construction in progress increased to more than $308.0 million as of Q3 2025.
- Long-term liquidity requirements include funding the construction costs of hangar campus development projects.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Sky Harbour Earnings Notes | 12/16/2025 | |
| With Sky Harbour Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.94 |
| Mkt Cap | 7.7 |
| Rev LTM | 800 |
| Op Inc LTM | 313 |
| FCF LTM | 312 |
| FCF 3Y Avg | 286 |
| CFO LTM | 483 |
| CFO 3Y Avg | 438 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.8% |
| Rev Chg 3Y Avg | 13.6% |
| Rev Chg Q | 9.1% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 9.2% |
| Op Inc Chg 3Y Avg | 15.1% |
| Op Mgn LTM | 38.8% |
| Op Mgn 3Y Avg | 38.5% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 55.4% |
| CFO/Rev 3Y Avg | 57.1% |
| FCF/Rev LTM | 45.6% |
| FCF/Rev 3Y Avg | 46.9% |
Price Behavior
| Market Price | $10.12 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 12/08/2020 | |
| Distance from 52W High | -7.7% | |
| 50 Days | 200 Days | |
| DMA Price | $9.60 | $9.56 |
| DMA Trend | down | down |
| Distance from DMA | 5.4% | 5.9% |
| 3M | 1YR | |
| Volatility | 38.8% | 37.8% |
| Downside Capture | 165.27 | 131.74 |
| Upside Capture | 94.20 | 104.79 |
| Correlation (SPY) | 44.5% | 37.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.02 | 1.19 | 1.10 | 1.04 | 1.13 | 0.88 |
| Up Beta | 0.65 | 0.45 | 0.40 | 0.64 | 0.73 | 0.89 |
| Down Beta | 1.73 | 2.19 | 1.95 | 1.31 | 1.40 | 1.08 |
| Up Capture | 126% | 63% | 88% | 115% | 105% | 62% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 12 | 18 | 30 | 64 | 119 | 364 |
| Down Capture | 60% | 139% | 163% | 107% | 121% | 89% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 22 | 31 | 59 | 127 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SKYH | |
|---|---|---|---|---|
| SKYH | 2.9% | 37.8% | 0.15 | - |
| Sector ETF (XLRE) | 10.2% | 14.1% | 0.45 | 27.2% |
| Equity (SPY) | 20.7% | 12.5% | 1.22 | 38.0% |
| Gold (GLD) | 23.0% | 27.8% | 0.73 | 7.6% |
| Commodities (DBC) | 22.9% | 18.6% | 0.97 | -0.9% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 29.9% |
| Bitcoin (BTCUSD) | -41.8% | 42.8% | -1.14 | 26.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SKYH | |
|---|---|---|---|---|
| SKYH | 0.1% | 80.8% | 0.34 | - |
| Sector ETF (XLRE) | 3.3% | 19.1% | 0.08 | 5.8% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 7.1% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 5.4% |
| Commodities (DBC) | 7.6% | 19.5% | 0.29 | 3.3% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 6.2% |
| Bitcoin (BTCUSD) | 13.2% | 53.5% | 0.43 | 8.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SKYH | |
|---|---|---|---|---|
| SKYH | -0.1% | 76.9% | 0.32 | - |
| Sector ETF (XLRE) | 6.9% | 20.4% | 0.29 | 5.6% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 7.1% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 5.2% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 3.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 6.1% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 7.5% |
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Returns Analyses
Earnings Returns History
Updated 7/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | -8.4% | -7.3% | -0.6% |
| 3/19/2026 | -0.2% | 1.3% | 15.8% |
| 11/12/2025 | -1.3% | -11.0% | -4.9% |
| 8/12/2025 | -3.7% | -6.2% | -7.4% |
| 5/13/2025 | 3.2% | -4.4% | -17.0% |
| 3/27/2025 | 6.4% | -9.2% | -15.2% |
| 11/12/2024 | -2.9% | -2.0% | 19.6% |
| 8/13/2024 | 12.6% | 24.9% | 43.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 3 | 5 |
| # Negative | 7 | 9 | 7 |
| Median Positive | 3.2% | 4.2% | 19.6% |
| Median Negative | -3.6% | -7.3% | -15.2% |
| Max Positive | 12.6% | 24.9% | 43.2% |
| Max Negative | -10.9% | -18.6% | -32.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | -8.4% | -7.3% | -0.6% |
| 3/19/2026 | -0.2% | 1.3% | 15.8% |
| 11/12/2025 | -1.3% | -11.0% | -4.9% |
| 8/12/2025 | -3.7% | -6.2% | -7.4% |
| 5/13/2025 | 3.2% | -4.4% | -17.0% |
| 3/27/2025 | 6.4% | -9.2% | -15.2% |
| 11/12/2024 | -2.9% | -2.0% | 19.6% |
| 8/13/2024 | 12.6% | 24.9% | 43.2% |
| 5/15/2024 | -10.9% | -18.6% | -32.6% |
| 3/27/2024 | -3.6% | -14.0% | -32.3% |
| 11/14/2023 | 0.0% | -1.4% | 26.4% |
| 8/15/2023 | 2.8% | 4.2% | 4.2% |
| SUMMARY STATS | |||
| # Positive | 5 | 3 | 5 |
| # Negative | 7 | 9 | 7 |
| Median Positive | 3.2% | 4.2% | 19.6% |
| Median Negative | -3.6% | -7.3% | -15.2% |
| Max Positive | 12.6% | 24.9% | 43.2% |
| Max Negative | -10.9% | -18.6% | -32.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/19/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/27/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/19/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/27/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/28/2022 | 10-K |
Insider Activity
Updated 5/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gessow, Andrew J | Direct | Buy | 5222026 | 8.95 | 5,000 | 44,750 | 160,294 | Form | |
| 2 | Keinan, Tal | Chief Executive Officer | Direct | Buy | 5182026 | 8.76 | 100 | 876 | 2,364,727 | Form |
| 3 | Boston, Omaha Corp | Direct | Sell | 4082026 | 9.05 | 331,500 | 3,000,075 | 78,428,775 | Form | |
| 4 | Boston, Omaha Corp | Direct | Sell | 5302025 | 10.30 | 52,839 | 544,369 | 92,697,523 | Form | |
| 5 | Boston, Omaha Corp | Direct | Sell | 5302025 | 10.79 | 18,291 | 197,303 | 97,626,860 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gessow, Andrew J | Direct | Buy | 5222026 | 8.95 | 5,000 | 44,750 | 160,294 | Form | |
| 2 | Keinan, Tal | Chief Executive Officer | Direct | Buy | 5182026 | 8.76 | 100 | 876 | 2,364,727 | Form |
| 3 | Boston, Omaha Corp | Direct | Sell | 4082026 | 9.05 | 331,500 | 3,000,075 | 78,428,775 | Form | |
| 4 | Boston, Omaha Corp | Direct | Sell | 5302025 | 10.30 | 52,839 | 544,369 | 92,697,523 | Form | |
| 5 | Boston, Omaha Corp | Direct | Sell | 5302025 | 10.79 | 18,291 | 197,303 | 97,626,860 | Form | |
| 6 | Boston, Omaha Corp | Direct | Sell | 5302025 | 10.69 | 12,136 | 129,759 | 96,964,442 | Form | |
| 7 | Boston, Omaha Corp | Direct | Sell | 5272025 | 10.07 | 11,198 | 112,765 | 91,445,863 | Form | |
| 8 | Boston, Omaha Corp | Direct | Sell | 5272025 | 10.81 | 24,322 | 262,843 | 98,256,798 | Form | |
| 9 | Boston, Omaha Corp | Direct | Sell | 5272025 | 10.87 | 19,024 | 206,861 | 99,129,531 | Form | |
| 10 | Boston, Omaha Corp | Direct | Sell | 5212025 | 11.28 | 701 | 7,908 | 103,060,925 | Form | |
| 11 | Boston, Omaha Corp | Direct | Sell | 5212025 | 11.68 | 3,842 | 44,874 | 106,708,685 | Form | |
| 12 | Boston, Omaha Corp | Direct | Sell | 5212025 | 11.85 | 31,197 | 369,672 | 108,305,534 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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