SKYW SkyWest, Inc. - Common Stock
About SkyWest, Inc. - Common Stock Company overview from Wikipedia
SkyWest, Inc. is the holding company for SkyWest Airlines, a North American regional airline, as well as an aircraft leasing company. It is headquartered in St. George, Utah, United States.
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SkyWest, Inc. is the holding company for SkyWest Airlines, a North American regional airline, as well as an aircraft leasing company. It is headquartered in St. George, Utah, United States.
## History
SkyWest, Inc. was established on September 8, 2005 as the holding company of SkyWest Airlines and Atlantic Southeast Airlines (ASA). The leadership of SkyWest Airlines had agreed to purchase ASA from Delta Air Lines amidst Delta's bankruptcy proceedings for US$425 million. The bankruptcy judge approved the all-cash transaction, which helped Delta improve its liquidity; the deal closed on September 8, 2005, the day the holding company was established. SkyWest Airlines and ASA never merged and both airlines maintained separate operations at their respective hubs.
On August 4, 2010, SkyWest, Inc. announced that it would acquire ExpressJet Airlines for US$133 million and merge it into ASA. The combined airline would operate primarily on the East Coast, the South and Midwest, compared to SkyWest Airlines, which would continue to operate primarily on the West Coast. The deal closed on November 12, 2010; ASA and ExpressJet integrated their operations and were granted a single operating certificate on December 31, 2011. The combined airline took the ExpressJet name.
On December 18, 2018, SkyWest, Inc. announced that it would sell ExpressJet to ManaAir, LLC, another airline holding company with ties to United Airlines, ExpressJet's sole client. The US$70 million deal closed on January 23, 2019. The deal made SkyWest Airlines the only subsidiary of SkyWest, Inc.
In early 2024, SkyWest, Inc. purchased a 25% ownership stake of Contour Airlines to gain access to its infrastructure, personnel, and operational expertise as it launches its own Part 135 public charter operation, SkyWest Charter. SkyWest also plans to supply Contour with CRJ200 aircraft and partner with the airline to both recruit young pilots and provide opportunities to pilots who would otherwise need to retire due to age.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
SKYW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
SKYW Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| March 30, 2020 | $0.1400 |
| Dec. 30, 2019 | $0.1200 |
| Sept. 27, 2019 | $0.1200 |
| June 27, 2019 | $0.1200 |
| March 28, 2019 | $0.1200 |
| Dec. 28, 2018 | $0.1000 |
| Sept. 27, 2018 | $0.1000 |
| June 28, 2018 | $0.1000 |
| March 28, 2018 | $0.1000 |
| Dec. 28, 2017 | $0.0800 |
| Sept. 28, 2017 | $0.0800 |
| June 28, 2017 | $0.0800 |
| March 29, 2017 | $0.0800 |
| Dec. 28, 2016 | $0.0500 |
| Sept. 28, 2016 | $0.0500 |
| June 28, 2016 | $0.0500 |
| March 29, 2016 | $0.0400 |
| Dec. 29, 2015 | $0.0400 |
| Sept. 28, 2015 | $0.0400 |
| June 26, 2015 | $0.0400 |
SKYW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 23.1%
- Buy 6 46.2%
- Hold 4 30.8%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-08-16Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $2.54 | $2.72 | -0.18% |
| March 31, 2026 | $2.50 | $2.21 | 0.29% |
| Dec. 31, 2025 | $2.21 | $2.18 | 0.03% |
| Sept. 30, 2025 | $2.81 | $2.55 | 0.26% |
| June 30, 2025 | $2.91 | $2.43 | 0.48% |
| March 31, 2025 | $2.42 | $2.08 | 0.34% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SKYW | $8.46B | 9.7 | 15.0% | 10.5% | 16.1% | — |
| UAL | $36.17B | 11.0 | 3.5% | 5.7% | 23.4% | — |
| LUV | — | 52.3 | 2.1% | — | — | — |
| AAL | $10.12B | 90.2 | 0.78% | 0.20% | -2.9% | — |
| JOBY | $12.08B | -11.7 | 39183.1% | -1740.5% | -80.6% | — |
| ALK | $5.81B | 60.6 | 21.3% | 0.70% | 2.5% | — |
| ALGT | — | -34.4 | 3.7% | — | — | — |
| JBLU | $1.68B | -2.7 | -2.3% | -6.6% | -26.6% | — |
| ULCC | $1.08B | -7.8 | -1.4% | -3.7% | -27.5% | — |
| RJET | $840M | 9.8 | 251.9% | 4.5% | 11.8% | — |
| DAL | $45.80B | 9.1 | 2.8% | 7.9% | 26.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.06B | $3.53B | $2.94B | $3.00B | $2.71B | $2.13B | $2.97B | $3.22B | $3.12B | $3.06B | $3.10B | $3.24B | |
| Cost of Revenue | · | · | · | · | · | $2.02B | $2.46B | $2.75B | $2.73B | $3.24B | · | · | |
| Operating Expenses | $3.44B | $3.03B | $2.83B | $2.82B | $2.44B | $2.02B | $2.46B | · | $2.82B | $3.29B | $2.86B | $3.21B | |
| Operating Income | $618M | $495M | $104M | $181M | $276M | $109M | $512M | $474M | $388M | $-173M | $235M | $25M | |
| Interest Expense | · | · | $131M | $127M | $123M | $123M | $128M | $120M | $105M | $78M | $76M | $66M | |
| Interest Income | $43M | $48M | $44M | $18M | $1M | $6M | $14M | $9M | $5M | $2M | $2M | $4M | |
| Other Non-op | $9M | $4M | $23M | $21M | $-3M | $1M | $48M | $4M | $400.0K | $-94.0K | $34M | $21M | |
| Pretax Income | $566M | $432M | $40M | $93M | $151M | $-7M | $446M | $366M | $288M | $-249M | $194M | $-16M | |
| Income Tax | $137M | $109M | $6M | $20M | $39M | $1M | $106M | $86M | $-141M | $-87M | $77M | $8M | |
| Net Income | $428M | $323M | $34M | $73M | $112M | $-9M | $340M | $280M | $429M | $-162M | $118M | · | |
| EPS (Basic) | $10.62 | $8.02 | $0.78 | $1.44 | $2.22 | $-0.17 | $6.68 | $5.40 | $8.28 | $-3.14 | $2.31 | $-0.47 | |
| EPS (Diluted) | $10.35 | $7.77 | $0.77 | $1.44 | $2.20 | $-0.17 | $6.62 | $5.30 | $8.08 | $-3.14 | $2.27 | $-0.47 | |
| Shares (Basic) | 40,314,000 | 40,262,000 | 43,940,000 | 50,548,000 | 50,348,000 | 50,195,000 | 50,932,000 | 51,914,000 | 51,804,000 | 51,505,000 | 51,077,000 | 51,237,000 | |
| Shares (Diluted) | 41,403,000 | 41,547,000 | 44,599,000 | 50,644,000 | 50,753,000 | 50,195,000 | 51,375,000 | 52,871,000 | 53,100,000 | 51,505,000 | 51,825,000 | 51,237,000 | |
| EBITDA | $982M | $879M | $487M | $576M | $716M | $584M | $880M | $809M | $681M | $112M | $499M | $284M |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $123M | $227M | $148M | $103M | $258M | $216M | $87M | $328M | $182M | $147M | $203M | $132M | |
| Short-term Investments | · | · | · | · | · | · | · | $361M | $504M | $410M | $287M | $415M | |
| Receivables | · | $123M | $83M | $100M | $65M | $34M | $83M | $64M | $43M | $47M | $62M | $83M | |
| Other Current Assets | $56M | $54M | $87M | $100M | $39M | $31M | $36M | $27M | $27M | $18M | $18M | $16M | |
| Current Assets | $1.09B | $1.12B | $1.13B | $1.37B | $1.07B | $983M | $760M | $1.02B | $995M | $918M | $1.02B | $1.09B | |
| PP&E (Net) | $5.84B | $5.59B | $5.48B | $5.55B | $5.50B | $5.36B | $5.39B | $5.01B | $4.18B | $3.82B | $3.47B | $3.02B | |
| PP&E (Gross) | $9.73B | $9.13B | $8.68B | $8.43B | $8.23B | $7.82B | $7.39B | $6.77B | $5.65B | $5.14B | $5.56B | $4.92B | |
| Accum. Depreciation | $3.89B | $3.55B | $3.20B | $2.88B | $2.73B | $2.46B | $2.00B | $1.76B | $1.47B | $1.32B | $2.09B | $1.90B | |
| Intangibles | · | · | · | · | · | · | · | · | $5M | $8M | $10M | $13M | |
| Other Non-current Assets | $452M | $435M | $325M | $343M | $320M | $260M | $166M | $105M | $65M | $50M | $54M | $85M | |
| Total Assets | $7.39B | $7.14B | $7.03B | $7.41B | $7.13B | $6.89B | $6.66B | $6.31B | $5.47B | $5.01B | $4.78B | $4.39B | |
| Accounts Payable | $634M | $527M | $470M | $422M | $496M | $279M | $284M | $332M | $289M | $241M | $280M | $270M | |
| Current Liabilities | $1.67B | $1.43B | $1.25B | $1.17B | $1.19B | $942M | $925M | $925M | $821M | $747M | $748M | $684M | |
| Capital Leases | $62M | $67M | $67M | $89M | $158M | $206M | $259M | · | · | · | · | · | |
| Deferred Tax | $911M | $788M | $688M | $687M | $663M | $626M | $624M | $518M | $419M | $565M | $750M | $669M | |
| Other Non-current Liabilities | $154M | $309M | $341M | $177M | $125M | $173M | $46M | $67M | $59M | $51M | $56M | $50M | |
| Long-term Debt | $2.39B | $2.67B | $3.01B | $3.38B | $3.11B | $3.20B | $2.99B | $3.16B | $2.69B | $2.55B | $1.93B | $1.75B | |
| Total Debt | $2.39B | $2.67B | $3.01B | $3.38B | $3.11B | $3.20B | $2.99B | $3.16B | $2.69B | $2.55B | $1.95B | $1.75B | |
| Retained Earnings | $3.02B | $2.59B | $2.27B | $2.24B | $2.16B | $2.05B | $2.08B | $1.78B | $1.52B | $1.10B | $1.28B | $1.17B | |
| Treasury Stock | $1.07B | $963M | $912M | $620M | $619M | $617M | $591M | $503M | $435M | $410M | $410M | $391M | |
| AOCI | $278.0K | $168.0K | $325.0K | $-4M | · | · | · | $-32.0K | $-50.0K | $-71.0K | $-260.0K | $-289.0K | |
| Stockholders' Equity | $2.75B | $2.41B | $2.11B | $2.35B | $2.27B | $2.14B | $2.18B | $1.96B | $1.75B | $1.35B | $1.51B | $1.40B | |
| Liabilities + Equity | $7.39B | $7.14B | $7.03B | $7.41B | $7.13B | $6.89B | $6.66B | $6.31B | $5.47B | $5.01B | $4.78B | $4.41B | |
| Shares Outstanding | 84,271,000 | 83,639,000 | 82,840,000 | 82,593,000 | 82,336,000 | 82,095,000 | 81,743,000 | 81,239,000 | 80,398,000 | 79,781,000 | 79,020,000 | 77,951,000 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $364M | $384M | $383M | $395M | $440M | $475M | $368M | $335M | $293M | $285M | $265M | $260M | |
| Stock-based Comp | $19M | $20M | $17M | $9M | $9M | $7M | $10M | $13M | $11M | $8M | $5M | $5M | |
| Deferred Tax | $123M | $100M | $539.0K | $24M | $37M | $6M | $110M | $99M | $-146M | $-83M | $74M | $5M | |
| Other Non-cash | $6M | $-135M | $301M | $-20M | $234M | $154M | $-107M | $75M | $97M | · | · | · | |
| Operating Cash Flow | $940M | $692M | $736M | $480M | $832M | $634M | $721M | $803M | $684M | $507M | $417M | $290M | |
| CapEx | $32M | $45M | $13M | $13M | $18M | $13M | $81M | $34M | $27M | $14M | $715M | $697M | |
| Investing Cash Flow | $-652M | $-229M | $-23M | $-905M | $-699M | $-683M | $-657M | $-983M | $-751M | $-1.18B | $-570M | · | |
| Debt Issued | $209M | $116M | $70M | $685M | $450M | $406M | $200M | $785M | $472M | $926M | $592M | $461M | |
| Net Debt Issued | $-283M | $-337M | $-378M | $269M | $-91M | $219M | $-182M | $414M | $141M | $624M | $238M | $275M | |
| Stock Issued | $3M | $3M | $3M | $3M | $3M | $3M | $6M | $5M | $5M | $8M | $10M | $3M | |
| Stock Repurchased | · | · | · | · | · | $20M | $78M | $54M | $20M | · | $19M | $8M | |
| Net Stock Activity | $3M | $3M | $3M | $3M | $3M | $-17M | $-72M | $-49M | $-15M | $8M | $-9M | $-6M | |
| Dividends Paid | · | · | · | · | · | $13M | $23M | $20M | $15M | $9M | $8M | $8M | |
| Financing Cash Flow | $-393M | $-385M | $-668M | $269M | $-91M | $178M | $-305M | $327M | $102M | $614M | $223M | · | |
| Net Change in Cash | · | · | · | · | · | · | · | $147M | $35M | $-56M | $71M | $-38M | |
| Taxes Paid | $17M | $19M | $14M | $1M | $7M | $2M | $2M | $3M | $5M | $1M | $5M | $2M | |
| Free Cash Flow | $908M | $648M | $723M | $467M | $814M | $621M | $640M | $768M | $-5M | $-652M | $-295M | $-411M | |
| Levered FCF | · | · | $612M | $367M | $722M | $478M | $543M | $676M | $-161M | $-703M | $-341M | $-490M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 15.2% | 14.0% | 3.5% | 6.0% | 10.2% | 5.1% | 17.2% | 14.7% | 12.1% | -5.5% | 7.6% | 0.77% | |
| Net Margin | 10.5% | 9.2% | 1.2% | 2.4% | 4.1% | -0.40% | 11.4% | 8.7% | 13.4% | · | · | · | |
| Pretax Margin | 13.9% | 12.2% | 1.4% | 3.1% | 5.5% | -0.34% | 15.0% | 11.4% | 9.0% | -8.0% | 6.3% | -1.3% | |
| EBITDA Margin | 24.2% | 24.9% | 16.6% | 19.2% | 26.4% | 27.4% | 29.6% | 25.1% | 21.2% | 3.6% | 16.1% | 8.8% | |
| ROA | 5.9% | 4.6% | 0.49% | 0.98% | 1.6% | -0.12% | 5.1% | 4.5% | 7.9% | · | · | · | |
| ROE | 16.1% | 13.7% | 1.6% | 3.1% | 4.9% | -0.39% | 15.8% | 14.4% | 27.6% | · | · | · | |
| ROIC | 9.1% | 7.3% | 1.7% | 2.5% | 3.8% | 2.4% | 7.5% | 7.1% | 13.0% | -2.9% | 4.1% | 0.94% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.8 | 0.9 | 1.2 | 0.9 | 1.0 | 0.8 | 1.1 | 1.2 | 1.4 | 1.4 | 1.9 | |
| Quick Ratio | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.4 | 0.9 | 0.8 | 0.7 | 0.9 | |
| Debt / Equity | 0.9 | 1.1 | 1.4 | 1.4 | 1.4 | 1.5 | 1.4 | 1.6 | 1.5 | 1.9 | 1.3 | 1.2 | |
| LT Debt / Equity | 0.7 | 0.9 | 1.2 | 1.3 | 1.2 | 1.3 | 1.2 | 1.4 | 1.4 | 1.7 | 1.1 | 1.1 | |
| Interest Coverage | · | · | 0.8 | 1.4 | 2.2 | 0.9 | 4.0 | 3.9 | 3.7 | -2.2 | 3.1 | 0.4 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.5 | 0.6 | 0.6 | 0.6 | 0.7 | |
| Receivables Turnover | · | 34.3 | 32.0 | 36.2 | 54.4 | 36.2 | 40.4 | 60.3 | 71.5 | 57.2 | 42.6 | 33.3 |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 15.0% | 20.2% | -2.3% | 10.7% | 27.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 10.5% | 9.1% | 11.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 13.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 33.2% | 909.1% | -46.5% | -34.5% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 93.0% | 52.3% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 32.6% | 840.4% | -52.9% | -34.8% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 80.4% | 42.4% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.06B | $3.53B | $2.94B | $3.00B | $2.71B | $2.13B | $2.97B | $3.22B | $3.12B | $3.06B | $3.10B | $3.24B | |
| Net Income TTM | $428M | $323M | $34M | $73M | $112M | $-9M | $340M | $280M | $429M | $-162M | $118M | · | |
| Market Cap | $8.46B | $8.37B | $4.32B | $1.36B | $3.24B | $3.31B | $5.28B | $3.61B | $4.27B | $2.91B | · | · | |
| Enterprise Value | $10.73B | $10.82B | $7.18B | $4.64B | $6.09B | $6.30B | $8.19B | $6.44B | $6.27B | $4.90B | · | · | |
| P/E | 9.7 | 12.9 | 67.8 | 11.5 | 17.9 | -237.1 | 9.8 | 8.4 | 6.6 | -11.6 | 8.4 | -28.3 | |
| P/S | 2.1 | 2.4 | 1.5 | 0.5 | 1.2 | 1.6 | 1.8 | 1.1 | 1.4 | 0.9 | · | · | |
| P/B | 3.1 | 3.5 | 2.0 | 0.6 | 1.4 | 1.5 | 2.4 | 1.8 | 2.4 | 2.2 | · | · | |
| P / Tangible Book | 3.1 | 3.5 | 2.0 | 0.6 | 1.4 | 1.5 | · | · | · | · | · | · | |
| P / Cash Flow | 9.0 | 12.1 | 5.9 | 2.8 | 3.9 | 5.2 | 7.3 | 4.5 | 6.2 | 5.7 | · | · | |
| P / FCF | 9.3 | 12.9 | 6.0 | 2.9 | 4.0 | 5.3 | 8.2 | 4.7 | -809.5 | -4.5 | · | · | |
| EV / EBITDA | 10.9 | 12.3 | 14.7 | 8.1 | 8.5 | 10.8 | 9.3 | 8.0 | 9.2 | 43.6 | · | · | |
| EV / FCF | 11.8 | 16.7 | 9.9 | 9.9 | 7.5 | 10.1 | 12.8 | 8.4 | -1189.0 | -7.5 | · | · | |
| EV / Revenue | 2.6 | 3.1 | 2.4 | 1.5 | 2.2 | 3.0 | 2.8 | 2.0 | 2.0 | 1.6 | · | · | |
| Dividend Yield | · | · | · | · | · | 0.39% | 0.44% | 0.55% | 0.35% | 0.32% | · | · | |
| Earnings Yield | 10.3% | 7.8% | 1.5% | 8.7% | 5.6% | -0.42% | 10.2% | 11.9% | 15.2% | -8.6% | 11.9% | -3.5% | |
| Payout Ratio | · | · | · | · | · | -153.4% | 6.9% | 7.0% | 3.5% | · | · | · | |
| Annual Payout | · | · | · | · | · | $13M | $23M | $20M | $15M | $9M | $8M | $8M |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $1.01B | $1.02B | $1.05B | $1.04B | $948M | $944M | $913M | $867M | $804M | $752M | $766M | $726M | $692M | $681M | $789M | |
| Operating Expenses | $947M | $889M | $890M | $876M | $865M | $809M | $800M | $781M | $747M | $704M | $724M | $717M | $694M | $697M | $716M | $714M | |
| Operating Income | $156M | $124M | $134M | $174M | $170M | $139M | $144M | $131M | $120M | $100M | $28M | $49M | $32M | $-5M | $-35M | $76M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $30M | · | $33M | $34M | $34M | · | $33M | |
| Interest Income | $9M | $9M | $12M | $11M | $11M | $10M | $12M | $12M | $12M | $12M | $12M | $11M | $10M | $10M | $8M | $6M | |
| Other Non-op | $-844.0K | $-48.0K | $4M | $-2M | $9M | $-2M | $5M | $109.0K | $-548.0K | $-1M | $16M | $-4M | $9M | $2M | $-112.0K | $8M | |
| Pretax Income | $139M | $108M | $125M | $157M | $163M | $121M | $134M | $116M | $102M | $80M | $24M | $24M | $18M | $-26M | $-62M | $57M | |
| Income Tax | $38M | $6M | $33M | $41M | $43M | $20M | $36M | $26M | $27M | $20M | $7M | $873.0K | $2M | $-4M | $-15M | $8M | |
| Net Income | $101M | $102M | $91M | $116M | $120M | $101M | $97M | $90M | $76M | $60M | · | · | · | · | · | · | |
| EPS (Basic) | $2.55 | $2.54 | $2.27 | $2.89 | $2.98 | $2.48 | $2.41 | $2.23 | $1.88 | $1.50 | $0.32 | $0.56 | $0.35 | $-0.45 | $-0.94 | $0.96 | |
| EPS (Diluted) | $2.54 | $2.50 | $2.21 | $2.81 | $2.91 | $2.42 | $2.34 | $2.16 | $1.82 | $1.45 | $0.32 | $0.55 | $0.35 | $-0.45 | $-0.94 | $0.96 | |
| Shares (Basic) | 39,424,000 | 39,999,000 | -80,915,000 | 40,323,000 | 40,416,000 | 40,490,000 | -80,469,000 | 40,253,000 | 40,179,000 | 40,299,000 | -91,114,000 | 41,826,000 | 43,837,000 | 49,391,000 | -101,047,000 | 50,593,000 | |
| Shares (Diluted) | 39,617,000 | 40,668,000 | -82,939,000 | 41,392,000 | 41,351,000 | 41,599,000 | -82,937,000 | 41,561,000 | 41,431,000 | 41,492,000 | -91,591,000 | 42,580,000 | 44,219,000 | 49,391,000 | -101,266,000 | 50,636,000 | |
| EBITDA | $248M | $214M | · | $267M | $260M | $229M | · | $228M | $216M | $195M | · | $146M | $129M | $89M | · | $173M |
Balance Sheet 21
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $81M | $66M | $123M | $45M | $48M | $179M | $227M | $178M | $142M | $180M | · | $125M | $114M | $75M | · | $39M | |
| Other Current Assets | $41M | $39M | $56M | $45M | $37M | $43M | $54M | $50M | $44M | $32M | · | $97M | $93M | $93M | · | $66M | |
| Current Assets | $1.02B | $1.01B | $1.09B | $1.10B | $1.06B | $1.07B | $1.12B | $1.13B | $1.12B | $1.07B | · | $1.16B | $1.18B | $1.25B | · | $1.26B | |
| PP&E (Net) | $5.95B | $5.89B | $5.84B | $5.66B | $5.68B | $5.62B | $5.59B | $5.42B | $5.43B | $5.49B | · | $5.50B | $5.49B | $5.56B | · | $5.64B | |
| PP&E (Gross) | $10.00B | $9.86B | $9.73B | $9.47B | $9.40B | $9.25B | $9.13B | $8.88B | $8.80B | $8.78B | · | $8.62B | $8.53B | $8.52B | · | $8.57B | |
| Accum. Depreciation | $4.06B | $3.97B | $3.89B | $3.80B | $3.71B | $3.63B | $3.55B | $3.46B | $3.37B | $3.28B | · | $3.12B | $3.04B | $2.96B | · | $2.93B | |
| Other Non-current Assets | $443M | $444M | $452M | $452M | $431M | $420M | $435M | $405M | $413M | $423M | · | $399M | $349M | $324M | · | · | |
| Total Assets | $7.41B | $7.35B | $7.39B | $7.21B | $7.17B | $7.11B | $7.14B | $6.96B | $6.96B | $6.98B | $7.03B | $7.06B | $7.12B | $7.23B | $7.41B | $7.45B | |
| Accounts Payable | $753M | $652M | $634M | $580M | $557M | $576M | $527M | $460M | $480M | $481M | · | $487M | $457M | $452M | · | $381M | |
| Current Liabilities | $1.80B | $1.63B | $1.67B | $1.55B | $1.46B | $1.42B | $1.43B | $1.31B | $1.32B | $1.31B | · | $1.21B | $1.17B | $1.15B | · | $1.16B | |
| Capital Leases | $66M | $62M | $62M | $65M | $60M | $63M | $67M | $67M | $64M | $66M | · | $67M | $74M | $76M | · | $118M | |
| Deferred Tax | $953M | $915M | $911M | $864M | $838M | $806M | $788M | $752M | $725M | $704M | · | $682M | $683M | $682M | · | $684M | |
| Other Non-current Liabilities | $189M | $208M | $154M | $189M | $230M | $280M | $309M | $316M | $334M | $346M | · | $335M | $292M | $236M | · | $115M | |
| Long-term Debt | $2.30B | $2.39B | $2.39B | $2.38B | $2.50B | $2.56B | $2.67B | $2.69B | $2.78B | $2.90B | · | $3.08B | $3.19B | $3.30B | · | $3.41B | |
| Total Debt | $2.30B | $2.39B | · | $2.38B | $2.50B | $2.56B | · | $2.69B | $2.78B | $2.90B | · | $3.08B | $3.19B | $3.30B | · | $3.41B | |
| Retained Earnings | $3.22B | $3.12B | $3.02B | $2.93B | $2.81B | $2.69B | $2.59B | $2.50B | $2.41B | $2.33B | · | $2.25B | $2.23B | $2.21B | · | $2.28B | |
| Treasury Stock | $1.27B | $1.20B | $1.07B | $1.05B | $1.02B | $1.00B | $963M | $958M | $942M | $928M | · | $867M | $816M | $720M | · | $620M | |
| AOCI | $-370.0K | $-366.0K | $278.0K | $341.0K | $17.0K | $93.0K | $168.0K | $375.0K | $-508.0K | $152.0K | · | $-184.0K | $-808.0K | $-2M | · | $-5M | |
| Stockholders' Equity | $2.76B | $2.73B | $2.75B | $2.68B | $2.58B | $2.47B | $2.41B | $2.31B | $2.23B | $2.16B | $2.11B | $2.14B | $2.16B | $2.23B | $2.35B | $2.40B | |
| Liabilities + Equity | $7.41B | $7.35B | $7.39B | $7.21B | $7.17B | $7.11B | $7.14B | $6.96B | $6.96B | $6.98B | · | $7.06B | $7.12B | $7.23B | · | $7.45B | |
| Shares Outstanding | 85,380,000 | 85,374,000 | 84,271,000 | 84,271,000 | 84,257,000 | 84,251,000 | 83,639,000 | 83,601,000 | 83,139,000 | 83,138,000 | 82,840,000 | 82,840,000 | 82,801,000 | 82,801,000 | 82,593,000 | 82,592,000 |
Cash Flow 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $92M | $90M | $92M | $92M | $90M | $89M | $95M | $97M | $97M | $96M | $95M | $97M | $97M | $94M | $97M | $97M | |
| Other Non-cash | · | $-47M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $292M | $144M | $232M | $281M | $257M | $171M | $186M | $184M | $165M | $158M | $224M | $179M | $183M | $150M | $137M | $128M | |
| CapEx | $8M | $14M | $7M | $11M | $6M | $8M | $23M | $12M | $6M | $4M | $-720.0K | $3M | $1M | $10M | $2M | $2M | |
| Investing Cash Flow | $-102M | $-83M | $-133M | $-147M | $-307M | $-66M | $-110M | $-43M | $-75M | $-554.0K | $-84M | $-9M | $67M | $3M | $-40M | $-308M | |
| Debt Issued | $24M | $118M | $162M | $0 | · | · | $93M | · | · | · | $45M | $0 | $0 | $25M | $83M | $225M | |
| Net Debt Issued | · | $1M | · | · | · | $-114M | · | · | · | $-111M | · | · | · | $-82M | · | · | |
| Stock Issued | $0 | $1M | $0 | $1M | $0 | $1M | $0 | $1M | $0 | $1M | $0 | $2M | $0 | $1M | $-1.0K | $1M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | $9M | · | $50M | $96M | $100M | · | · | |
| Net Stock Activity | · | $1M | · | · | · | $1M | · | · | · | $-7M | · | · | · | $-99M | · | · | |
| Financing Cash Flow | $-174M | $-118M | $-21M | $-138M | $-81M | $-153M | $-27M | $-105M | $-128M | $-125M | $-117M | $-159M | $-210M | $-182M | $-32M | $123M | |
| Taxes Paid | $3M | $1M | $4M | $4M | $9M | $-18.0K | $4M | $662.0K | $14M | $42.0K | $4M | $6M | $2M | $533.0K | $810.0K | $139.0K | |
| Free Cash Flow | · | $130M | · | · | · | $163M | · | · | · | $153M | · | · | · | $140M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $131M | · | · | · | $111M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 14.1% | 12.2% | · | 16.6% | 16.4% | 14.7% | · | 14.4% | 13.8% | 12.4% | · | 6.4% | 4.4% | -0.68% | · | 9.6% | |
| Net Margin | 9.1% | 10.0% | · | 11.1% | 11.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Pretax Margin | 12.6% | 10.6% | · | 15.0% | 15.8% | 12.7% | · | 12.7% | 11.8% | 10.0% | · | 3.2% | 2.4% | -3.8% | · | 7.2% | |
| EBITDA Margin | 22.5% | 21.1% | · | 25.4% | 25.1% | 24.1% | · | 25.0% | 25.0% | 24.3% | · | 19.0% | 17.8% | 12.9% | · | 21.9% | |
| ROA | 1.4% | 1.4% | · | 1.6% | 1.7% | · | · | · | · | · | · | · | · | · | · | · | |
| ROE | 3.8% | 3.9% | · | 4.7% | 5.0% | · | · | · | · | · | · | · | · | · | · | · | |
| ROIC | 2.2% | 2.3% | · | 2.5% | 2.5% | 2.3% | · | 2.0% | 1.8% | 1.5% | · | 0.91% | 0.52% | -0.07% | · | 1.1% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 1.0 | 1.0 | 1.1 | · | 1.1 | |
| Quick Ratio | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | |
| Debt / Equity | 0.8 | 0.9 | · | 0.9 | 1.0 | 1.0 | · | 1.2 | 1.2 | 1.3 | · | 1.4 | 1.5 | 1.5 | · | 1.4 | |
| LT Debt / Equity | 0.6 | 0.7 | · | 0.7 | 0.8 | 0.8 | · | 1.0 | 1.0 | 1.1 | · | 1.2 | 1.3 | 1.3 | · | 1.2 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 3.3 | · | 1.5 | 0.9 | -0.1 | · | 2.3 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.20B | $4.05B | · | $3.95B | $3.76B | $3.53B | · | $3.35B | $3.16B | $2.99B | · | $2.97B | $3.01B | $3.02B | · | $3.07B | |
| Net Income TTM | $439M | $439M | · | $427M | $386M | $326M | · | · | · | · | · | · | · | · | · | · | |
| Market Cap | $8.48B | $7.84B | · | $8.48B | $8.68B | $7.36B | · | $7.11B | $6.82B | $5.74B | · | $3.47B | $3.37B | $1.84B | · | $1.34B | |
| Enterprise Value | $10.70B | $10.17B | · | $10.82B | $11.12B | $9.74B | · | $9.62B | $9.46B | $8.46B | · | $6.43B | $6.44B | $5.06B | · | $4.72B | |
| P/E | 9.2 | 8.6 | · | 9.8 | 11.1 | 11.1 | · | 14.2 | 19.7 | 36.4 | · | 29.7 | 21.1 | 11.5 | · | 6.3 | |
| P/S | 2.0 | 1.9 | · | 2.1 | 2.3 | 2.1 | · | 2.1 | 2.2 | 1.9 | · | 1.2 | 1.1 | 0.6 | · | 0.4 | |
| P/B | 3.1 | 2.9 | · | 3.2 | 3.4 | 3.0 | · | 3.1 | 3.1 | 2.7 | · | 1.6 | 1.6 | 0.8 | · | 0.6 | |
| P / Tangible Book | 3.1 | 2.9 | · | 3.2 | 3.4 | 3.0 | · | 3.1 | 3.1 | 2.7 | · | 1.6 | 1.6 | 0.8 | · | 0.6 | |
| P / Cash Flow | · | 54.3 | · | · | · | 43.0 | · | · | · | 36.4 | · | · | · | 12.2 | · | · | |
| P / FCF | · | 60.1 | · | · | · | 45.3 | · | · | · | 37.4 | · | · | · | 13.1 | · | · | |
| EV / EBITDA | 43.1 | 47.5 | · | 40.6 | 42.7 | 42.6 | · | 42.2 | 43.7 | 43.3 | · | 44.1 | 49.9 | 56.6 | · | 27.3 | |
| EV / FCF | · | 78.0 | · | · | · | 59.9 | · | · | · | 55.1 | · | · | · | 36.2 | · | · | |
| EV / Revenue | 2.5 | 2.5 | · | 2.7 | 3.0 | 2.8 | · | 2.9 | 3.0 | 2.8 | · | 2.2 | 2.1 | 1.7 | · | 1.5 | |
| Earnings Yield | 10.8% | 11.6% | · | 10.2% | 9.0% | 9.0% | · | 7.0% | 5.1% | 2.8% | · | 3.4% | 4.7% | 8.7% | · | 15.8% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Revenue | $4.06B | — | — | $3.53B | — |
| Operating Margin % | 15.2% | — | — | 14.0% | — |
| Net Income | $428M | — | — | $323M | — |
| Diluted EPS | $10.35 | — | — | $7.77 | — |
Balance Sheet
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | — | — | 1.1 | — |
| Current Ratio | 0.7 | — | — | 0.8 | — |
| Quick Ratio | 0.1 | — | — | 0.2 | — |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $908M | — | — | $648M | — |
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Institutional owners (13F) 386 filers · $2.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 62 (+17 vs prior Q) | 52 (-5 vs prior Q) | 114 (-22 vs prior Q) | 140 (+10 vs prior Q) | -714K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $295,312,659 | 2,973,046 | 11.66% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $244,931,440 | 2,465,836 | 9.67% | Shares |
| AMERICAN CENTURY COMPANIES INC | $223,739,037 | 2,252,482 | 8.83% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $174,199,888 | 1,753,749 | 6.88% | Shares |
| STATE STREET CORP | $164,652,686 | 1,657,633 | 6.50% | Shares |
| FMR LLC | $153,245,894 | 1,542,796 | 6.05% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $116,387,431 | 1,171,725 | 4.60% | Shares |
| SW Investment Management LLC | $99,330,000 | 1,000,000 | 3.92% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $93,179,694 | 937,852 | 3.68% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $56,751,997 | 571,348 | 2.24% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $52,917,361 | 532,743 | 2.09% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $46,866,874 | 471,830 | 1.85% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $38,122,755 | 383,799 | 1.51% | Shares |
| U S GLOBAL INVESTORS INC | $33,085,532 | 333,087 | 1.31% | Shares |
| Allspring Global Investments Holdings, LLC | $30,929,993 | 314,489 | 1.22% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $26,337,945 | 265,156 | 1.04% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $26,201,764 | 263,785 | 1.03% | Shares |
| VANGUARD GROUP INC | $25,572,318 | 254,679 | 1.01% | Shares |
| MORGAN STANLEY | $20,325,167 | 204,622 | 0.80% | Shares |
| MILLENNIUM MANAGEMENT LLC | $19,666,943 | 197,996 | 0.78% | Shares |
| Owl Creek Asset Management, L.P. | $18,256,159 | 183,793 | 0.72% | Shares |
| Bandera Partners LLC | $17,790,698 | 179,107 | 0.70% | Shares |
| FIRST TRUST ADVISORS LP | $17,404,006 | 175,214 | 0.69% | Shares |
| BANK OF AMERICA CORP /DE/ | $17,174,455 | 172,903 | 0.68% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $16,103,678 | 162,123 | 0.64% | Shares |
| Public Sector Pension Investment Board | $15,796,251 | 159,028 | 0.62% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $15,300,893 | 154,041 | 0.60% | Shares |
| Cubist Systematic Strategies, LLC | $15,092,725 | 149,997 | 0.60% | Shares |
| AMERIPRISE FINANCIAL INC | $14,834,239 | 149,343 | 0.59% | Shares |
| CITADEL ADVISORS LLC | $14,780,701 | 148,804 | 0.58% | Shares |
| GOLDMAN SACHS GROUP INC | $14,133,467 | 142,288 | 0.56% | Shares |
| MACKENZIE FINANCIAL CORP | $13,669,795 | 137,620 | 0.54% | Shares |
| Brandywine Global Investment Management, LLC | $13,227,813 | 131,738 | 0.52% | Shares |
| J. Goldman & Co LP | $12,991,569 | 130,792 | 0.51% | Shares |
| BlackRock, Inc. | $12,399,265 | 124,829 | 0.49% | Shares |
| PRUDENTIAL FINANCIAL INC | $12,161,965 | 122,440 | 0.48% | Shares |
| D. E. Shaw & Co., Inc. | $11,814,906 | 118,946 | 0.47% | Shares |
| TWO SIGMA ADVISERS, LP | $10,623,378 | 105,800 | 0.42% | Shares |
| Phocas Financial Corp. | $10,297,541 | 103,670 | 0.41% | Shares |
| RHUMBLINE ADVISERS | $10,004,392 | 100,719 | 0.40% | Shares |
| Clearbridge Investments, LLC | $9,936,549 | 100,036 | 0.39% | Shares |
| ASSETMARK, INC | $8,234,954 | 82,905 | 0.33% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $8,173,667 | 82,288 | 0.32% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $8,126,882 | 81,817 | 0.32% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,885,411 | 79,386 | 0.31% | Shares |
| Squarepoint Ops LLC | $7,829,787 | 78,826 | 0.31% | Shares |
| Edgestream Partners, L.P. | $7,297,576 | 73,468 | 0.29% | Shares |
| NORGES BANK | $7,271,552 | 73,206 | 0.29% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $6,791,425 | 68,377 | 0.27% | Shares |
| BARCLAYS PLC | $6,734,276 | 67,797 | 0.27% | Shares |
| Legal & General Group Plc | $6,037,973 | 60,787 | 0.24% | Shares |
| RAYMOND JAMES FINANCIAL INC | $5,968,740 | 60,090 | 0.24% | Shares |
| PAR CAPITAL MANAGEMENT INC | $5,451,330 | 54,881 | 0.22% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $4,463,493 | 44,936 | 0.18% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $4,440,647 | 44,706 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,408,299 | 48,005 | 0.17% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $4,382,936 | 44,125 | 0.17% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $4,052,763 | 40,801 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $3,993,066 | 40,200 | 0.16% | Call option |
| SEI INVESTMENTS CO | $3,726,170 | 37,513 | 0.15% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $3,655,642 | 36,803 | 0.14% | Shares |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $3,655,344 | 36,800 | 0.14% | Shares |
| Quadrature Capital Ltd | $3,565,252 | 35,893 | 0.14% | Shares |
| XTX Topco Ltd | $3,518,368 | 35,421 | 0.14% | Shares |
| Freestone Grove Partners LP | $3,491,549 | 35,151 | 0.14% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $3,375,234 | 33,980 | 0.13% | Shares |
| Ruffer LLP | $3,344,161 | 33,704 | 0.13% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $3,290,569 | 33,128 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,960,431 | 29,804 | 0.12% | Shares |
| Vanguard Global Advisers, LLC | $2,853,056 | 28,723 | 0.11% | Shares |
| ROYCE & ASSOCIATES LP | $2,838,851 | 28,580 | 0.11% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $2,793,656 | 28,125 | 0.11% | Shares |
| ALGERT GLOBAL LLC | $2,770,512 | 27,892 | 0.11% | Shares |
| Campbell & CO Investment Adviser LLC | $2,647,939 | 26,658 | 0.10% | Shares |
| CAXTON ASSOCIATES LP | $2,635,121 | 26,317 | 0.10% | Shares |
| SOROS CAPITAL MANAGEMENT LLC | $2,586,454 | 26,039 | 0.10% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $2,468,549 | 24,852 | 0.10% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $2,407,660 | 24,239 | 0.10% | Shares |
| MetLife Investment Management, LLC | $2,319,256 | 23,349 | 0.09% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $2,313,694 | 23,293 | 0.09% | Shares |
| ANCHOR CAPITAL ADVISORS LLC | $2,275,551 | 22,909 | 0.09% | Shares |
| Qube Research & Technologies Ltd | $2,248,235 | 22,634 | 0.09% | Shares |
| Knights of Columbus Asset Advisors LLC | $2,233,336 | 22,484 | 0.09% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,228,965 | 22,440 | 0.09% | Shares |
| Soltis Investment Advisors LLC | $2,128,816 | 21,432 | 0.08% | Shares |
| Illinois Municipal Retirement Fund | $2,113,941 | 21,282 | 0.08% | Shares |
| Bridgewater Associates, LP | $2,085,135 | 20,992 | 0.08% | Shares |
| Swiss National Bank | $2,006,466 | 20,200 | 0.08% | Shares |
| FEDERATED HERMES, INC. | $1,944,782 | 19,579 | 0.08% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,943,789 | 19,569 | 0.08% | Shares |
| State of Tennessee, Department of Treasury | $1,882,701 | 18,954 | 0.07% | Shares |
| Dana Investment Advisors, Inc. | $1,860,649 | 18,732 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,834,128 | 18,465 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $1,728,342 | 17,400 | 0.07% | Shares |
| QUADRANT CAPITAL GROUP LLC | $1,725,759 | 17,374 | 0.07% | Shares |
| Inspire Investing, LLC | $1,676,632 | 18,258 | 0.07% | Shares |
| DENALI ADVISORS LLC | $1,652,951 | 16,641 | 0.07% | Shares |
| Gotham Asset Management, LLC | $1,635,468 | 16,465 | 0.06% | Shares |
| Invesco Ltd. | $1,588,187 | 15,989 | 0.06% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $1,571,825 | 15,827 | 0.06% | Shares |
Company insiders 31 insiders · 12 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Russell A Childs | PRESIDENT & CEO | July 28, 2026 S | 346,190 | 0 | 4 | $-5,717,499 |
| Robert J Simmons | CHIEF FINANCIAL OFFICER | July 29, 2026 S | 93,902 | 0 | 3 | $-2,762,231 |
| Michael J. Kraupp | Chief Financial Officer | Feb. 18, 2014 A | 26,679 | 0 | 0 | $0 |
| Bradford R Holt | President of Subsidiary | Feb. 18, 2014 A | 59,013 | 0 | 0 | $0 |
| Bradford R Rich | President SkyWest, Inc. | Feb. 18, 2014 A | 84,858 | 0 | 0 | $0 |
| Bryan T Labrecque | President, ASA | Feb. 6, 2007 A | 4,582 | 0 | 0 | $0 |
| Ron B Reber | President, SkyWest Airlines | Feb. 6, 2007 A | 5,783 | 0 | 0 | $0 |
| Michael B Thompson | Chief Operating Officer of Sub | Feb. 9, 2020 F | 40,299 | 0 | 0 | $0 |
| Terry Vais | Chief Operating Officer - Sub | Sept. 8, 2018 F | 34,995 | 0 | 0 | $0 |
| Alexandria Panot Marren | Chief Operating Officer of Sub | Feb. 17, 2015 A | 42,892 | 0 | 0 | $0 |
| Greg Wooley | EXEC VP OPERATIONS | July 30, 2026 S | 53,323 | 0 | 1 | $-1,924,157 |
| Eric Woodward | Chief Accounting Officer | Feb. 8, 2022 F | 25,423 | 0 | 0 | $0 |
| Keith Smith | Director | May 5, 2026 A | 23,757 | 0 | 0 | $0 |
| James L Welch | Director | May 5, 2026 A | 28,936 | 0 | 0 | $0 |
| Ronald J Mittelstaedt | Director | May 5, 2026 A | 8,257 | 0 | 0 | $0 |
| Smita Conjeevaram | Director | Feb. 10, 2022 A | 5,282 | 0 | 0 | $0 |
| Meredith R. Siegfried | Director | Feb. 10, 2022 A | 20,838 | 0 | 0 | $0 |
| Andrew C Roberts | Director | Feb. 10, 2022 A | 20,838 | 0 | 0 | $0 |
| Steven F Udvar-Hazy | Director | Feb. 10, 2022 A | 56,163 | 0 | 0 | $0 |
| Steve W Albrecht | Director | Feb. 10, 2022 A | 63,905 | 0 | 0 | $0 |
| Jerry C Atkin | Director | Feb. 10, 2022 A | 256,184 | 0 | 0 | $0 |
| Henry J Eyring | Director | Feb. 25, 2021 S | 2,600 | 0 | 0 | $0 |
| Margaret S Billson | Director | Feb. 17, 2015 A | 28,500 | 0 | 0 | $0 |
| Robert Gary Sarver | Director | Feb. 17, 2015 A | 58,300 | 0 | 0 | $0 |
| Ralph J Atkin | Director | Feb. 18, 2014 A | 31,097 | 0 | 0 | $0 |
| Ian M. Cumming | Director | Dec. 11, 2012 M | 37,193 | 0 | 0 | $0 |
| Michael K. Young | Director | Feb. 2, 2011 A | 6,804 | 0 | 0 | $0 |
| Mervyn K Cox | Director | Feb. 11, 2006 S | 29,392 | 0 | 0 | $0 |
| Sidney J Atkin | Director | June 12, 2002 G | 1,258 | 0 | 0 | $0 |
| Wade J Steel | — | Aug. 3, 2026 S | 55,438 | 0 | 1 | $-2,451,680 |
| Derek J Leathers | — | May 5, 2026 A | 4,019 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 74 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| EVNT · AltShares Trust | 1.19% | 1,700 NS | May 31, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.60% | 1,896,954 NS | May 31, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.57% | 18,422 NS | May 31, 2026 | N-PORT |
| AKAF · ETF Series Solutions | 0.54% | 187 NS | May 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.38% | 5,809 NS | April 30, 2026 | N-PORT |
| TPOR · Direxion Shares ETF Trust | 0.34% | 737 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.29% | 37,429 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.23% | 212,177 NS | April 30, 2026 | N-PORT |
| BFOR · ALPS ETF Trust | 0.22% | 5,529 NS | May 31, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 14,580 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.18% | 244 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.17% | 288,494 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 15,029 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.15% | 480 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.15% | 47,863 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.14% | 1,388 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.12% | 127,432 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.11% | 12,757 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.10% | 15,079 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.10% | 17,567 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.09% | 1,904 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.08% | 24,342 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.08% | 130,601 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.07% | 192,936 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.07% | 5,332 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.06% | 3,492 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.05% | 1,490 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.04% | 1,511 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.04% | 1,719 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.03% | 7,392 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.02% | 35,401 NS | May 31, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.02% | 2,462 NS | May 29, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.02% | 33,073 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 1,603 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.02% | 83,204 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.02% | 38 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.01% | 3,018 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 3,874 NS | April 30, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.01% | 295 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 12,555 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 1,465 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 9,040 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 12,016 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 23,397 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |