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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Sky Harbour Group's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was -4.34%.
As of today (2026-07-27), Sky Harbour Group's WACC % is 4.29%. Sky Harbour Group's ROIC % is -5.00% (calculated using TTM income statement data).
Sky Harbour Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Sky Harbour Group (NYSE:SKYH) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Sky Harbour Group's WACC % is 4.29%. Sky Harbour Group's ROIC % is -5.00% (calculated using TTM income statement data).
Sky Harbour Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Sky Harbour Group ROIC % Related Terms
Sky Harbour Group ROIC % Historical Data
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The historical data trend for Sky Harbour Group's ROIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Real Estate - Development subindustry, Sky Harbour Group's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sky Harbour Group ROIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sky Harbour Group's ROIC % distribution charts can be found below:
* The bar in red indicates where Sky Harbour Group's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sky Harbour Group (SKYH) has a ROIC % of -4.34% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Sky Harbour Group and its competitors.
Is Sky Harbour Group's ROIC % too high?
Sky Harbour Group's current ROIC % is -4.34%. Overall, Sky Harbour Group has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sky Harbour Group's ROIC % compare to FPH and OZ?
Sky Harbour Group's ROIC % of -4.34% can be compared against companies in the Real Estate industry. The industry median ROIC % is 2.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Real Estate company?
The median ROIC % among Real Estate companies is 2.15, based on 1,757 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Sky Harbour Group and its competitors. For the Real Estate industry, the median ROIC % is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sky Harbour Group's current ROIC % is -4.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sky Harbour Group stock overvalued right now?
Based on GuruFocus' analysis, Sky Harbour Group (SKYH) is currently considered Possible Value Trap. The stock's GF Value™ is $22.56, compared to a current price of $10.18 — trading 54.9% below its estimated fair value. The current ROIC % is -4.34%. Sky Harbour Group's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Sky Harbour Group (SKYH), the current ROIC % is -4.34% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sky Harbour Group (SKYH) Overvalued in 2026?
Based on GuruFocus' analysis, Sky Harbour Group stock appears to be undervalued.
The current stock price of $10.18 is trading 54.9% below its estimated GF Value™ of $22.56.
GuruFocus considers Sky Harbour Group to be Possible Value Trap.
Key valuation signals for SKYH:
ROIC %: -4.34%
GF Value™: $22.56 vs. price of $10.18 (54.9% below fair value)
No single metric tells the full story. See the SKYH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sky Harbour Group Corp is an aviation infrastructure company focused on building the first nationwide network of Home Base Operator (HBO) campuses designed exclusively for business aircraft. The company develops, leases, and manages general aviation hangars across the United States, targeting airfields in markets with aircraft populations and high hangar demand. Its HBS campuses include private hangars and offer a range of services tailored to aircraft owners operating from these facilities. The majority of the company's revenue is derived from the leasing of home-based aircraft hangars and through services and products ancillary to its leasing activities.
63GF Score
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