Saker Aviation Financials
This page shows Saker Aviation (SKAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Saker Aviation has an operating margin of 28.7%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 39.8% the prior year.
Saker Aviation's revenue grew a modest 3.8% year-over-year to $9.2M. This slow but positive growth earns a score of 39/100.
Saker Aviation carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.92, Saker Aviation holds $8.92 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Saker Aviation generated -$600K in operating cash flow, capex of $68K consumed most of it, leaving -$668K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Saker Aviation's ROE of 13.0% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 29.4% the prior year.
Saker Aviation scores 5.33, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($8.0M) relative to total liabilities ($1.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Saker Aviation passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Saker Aviation generates $-0.48 in operating cash flow (-$600K OCF vs $1.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Saker Aviation generated $9.2M in revenue in fiscal year 2024. This represents an increase of 3.8% from the prior year.
Saker Aviation's EBITDA was $2.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 25.0% from the prior year.
Saker Aviation generated -$668K in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 120.1% from the prior year.
Saker Aviation reported $1.3M in net income in fiscal year 2024. This represents a decrease of 48.7% from the prior year.
Saker Aviation earned $1.24 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 49.8% from the prior year.
Saker Aviation held $5.3M in cash against $0 in long-term debt as of fiscal year 2024.
Saker Aviation had 995,939 shares outstanding in fiscal year 2024. This represents an increase of 2.0% from the prior year.
Saker Aviation's gross margin was 51.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 20.1 percentage points from the prior year.
Saker Aviation's operating margin was 28.7% in fiscal year 2024, reflecting core business profitability. This is down 11.0 percentage points from the prior year.
Saker Aviation's net profit margin was 13.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 14.0 percentage points from the prior year.
Saker Aviation's ROE was 13.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 16.4 percentage points from the prior year.
Saker Aviation invested $68K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 196.4% from the prior year.
SKAS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0-100.0% | $1.3M-53.3% | $2.7M+7.9% | $2.5M-4.5% | $2.6M+96.0% | $1.3M-46.9% | $2.5M |
| Cost of Revenue | $0 | $0-100.0% | $749K-42.6% | $1.3M+4.9% | $1.2M+1.2% | $1.2M+74.4% | $706K+3.9% | $680K |
| Gross Profit | $0 | $0-100.0% | $511K-63.4% | $1.4M+10.8% | $1.3M-9.5% | $1.4M+120.1% | $632K-65.6% | $1.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $264K-28.3% | $369K-63.4% | $1.0M+51.9% | $663K+45.4% | $456K-8.0% | $496K+15.1% | $431K-41.6% | $738K |
| Operating Income | -$264K+28.3% | -$369K+25.6% | -$496K-167.7% | $733K-8.8% | $803K-10.3% | $896K+345.5% | $201K-81.7% | $1.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0 | $0-100.0% | $303K-11.6% | $343K+1905.3% | -$19K-118.1% | $105K-79.2% | $504K |
| Net Income | -$164K+38.4% | -$266K+48.3% | -$515K-199.4% | $518K-10.8% | $581K+1955.4% | -$31K-116.7% | $187K-72.5% | $682K |
| EPS (Diluted) | $-0.16+38.5% | $-0.26+49.0% | $-0.51 | N/A | $0.57+2000.0% | $-0.03-116.7% | $0.18 | N/A |
SKAS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1M-2.7% | $9.3M-8.1% | $10.2M-6.6% | $10.9M+9.6% | $9.9M-6.3% | $10.6M-0.6% | $10.7M+0.5% | $10.6M |
| Current Assets | $9.1M-2.7% | $9.3M-8.1% | $10.2M-5.7% | $10.8M+9.0% | $9.9M-6.3% | $10.6M-0.5% | $10.6M+0.5% | $10.6M |
| Cash & Equivalents | $4.8M-5.6% | $5.1M-4.3% | $5.3M+0.1% | $5.3M+4.3% | $5.1M-15.8% | $6.0M-2.7% | $6.2M-10.5% | $6.9M |
| Inventory | $0 | $0 | $0-100.0% | $7K+44.5% | $5K-47.4% | $9K+61.2% | $5K+374.7% | $1K |
| Accounts Receivable | $0 | $0-100.0% | $188K-40.6% | $316K+34.1% | $236K-7.2% | $254K+6.4% | $239K-19.0% | $295K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $274K-30.2% | $393K-59.7% | $975K-19.3% | $1.2M+50.6% | $802K-61.4% | $2.1M-2.5% | $2.1M-7.0% | $2.3M |
| Current Liabilities | $274K-24.3% | $363K-59.6% | $898K-25.7% | $1.2M+50.6% | $802K-61.4% | $2.1M-2.5% | $2.1M-7.0% | $2.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.8M-1.5% | $8.9M-2.6% | $9.2M-5.0% | $9.7M+6.0% | $9.1M+7.1% | $8.5M-0.1% | $8.5M+2.6% | $8.3M |
| Retained Earnings | -$11.3M-1.5% | -$11.1M-2.4% | -$10.9M-5.0% | -$10.4M+4.8% | -$10.9M+5.1% | -$11.5M-0.3% | -$11.4M+1.6% | -$11.6M |
SKAS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$252K-21.8% | -$207K-693.8% | $35K-88.9% | $313K+133.9% | -$922K-401.4% | -$184K-195.0% | $193K-72.9% | $715K |
| Capital Expenditures | $0 | $0-100.0% | $6K-90.7% | $66K | $0-100.0% | $1-100.0% | $2K | $0 |
| Free Cash Flow | -$252K-21.8% | -$207K-821.2% | $29K-88.4% | $247K+126.8% | -$922K-401.4% | -$184K-196.1% | $191K-73.3% | $715K |
| Investing Cash Flow | -$31K-30.1% | -$24K+19.8% | -$30K+67.9% | -$93K-173.4% | -$34K-311.5% | $16K+101.7% | -$923K-1663.9% | $59K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SKAS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 40.6%-11.1pp | 51.6%+1.4pp | 50.3%-2.8pp | 53.1%+5.8pp | 47.2%-25.8pp | 73.0% |
| Operating Margin | N/A | N/A | -39.4%-66.5pp | 27.1%-5.0pp | 32.1%-2.1pp | 34.2%+19.1pp | 15.0%-28.7pp | 43.7% |
| Net Margin | N/A | N/A | -40.8%-60.0pp | 19.2%-4.0pp | 23.2%+24.4pp | -1.2%-15.2pp | 14.0%-13.1pp | 27.1% |
| Return on Equity | N/A | N/A | N/A | 5.3%-1.0pp | 6.4% | N/A | 2.2%-6.0pp | 8.2% |
| Return on Assets | -1.8%+1.1pp | -2.9%+2.2pp | -5.1%-9.8pp | 4.8%-1.1pp | 5.9%+6.2pp | -0.3%-2.1pp | 1.8%-4.7pp | 6.4% |
| Current Ratio | 33.12+7.3 | 25.77+14.5 | 11.31+2.4 | 8.92-3.4 | 12.34+7.3 | 5.08+0.1 | 4.98+0.4 | 4.61 |
| Debt-to-Equity | 0.03-0.0 | 0.04-0.1 | 0.11-0.0 | 0.12+0.0 | 0.09-0.2 | 0.240.0 | 0.25-0.0 | 0.28 |
| FCF Margin | N/A | N/A | 2.3%-6.9pp | 9.1%+45.9pp | -36.8%-29.8pp | -7.0%-21.3pp | 14.3%-14.1pp | 28.4% |
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Frequently Asked Questions
What is Saker Aviation's annual revenue?
Saker Aviation (SKAS) reported $9.2M in total revenue for fiscal year 2024. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Saker Aviation's revenue growing?
Saker Aviation (SKAS) revenue grew by 3.8% year-over-year, from $8.8M to $9.2M in fiscal year 2024.
Is Saker Aviation profitable?
Yes, Saker Aviation (SKAS) reported a net income of $1.3M in fiscal year 2024, with a net profit margin of 13.7%.
What is Saker Aviation's earnings per share (EPS)?
Saker Aviation (SKAS) reported diluted earnings per share of $1.24 for fiscal year 2024. This represents a -49.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Saker Aviation's EBITDA?
Saker Aviation (SKAS) had EBITDA of $2.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Saker Aviation's gross margin?
Saker Aviation (SKAS) had a gross margin of 51.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Saker Aviation's operating margin?
Saker Aviation (SKAS) had an operating margin of 28.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Saker Aviation's net profit margin?
Saker Aviation (SKAS) had a net profit margin of 13.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Saker Aviation's return on equity (ROE)?
Saker Aviation (SKAS) has a return on equity of 13.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Saker Aviation's free cash flow?
Saker Aviation (SKAS) generated -$668K in free cash flow during fiscal year 2024. This represents a -120.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Saker Aviation's operating cash flow?
Saker Aviation (SKAS) generated -$600K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Saker Aviation's total assets?
Saker Aviation (SKAS) had $10.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Saker Aviation's capital expenditures?
Saker Aviation (SKAS) invested $68K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Saker Aviation have outstanding?
Saker Aviation (SKAS) had 995,939 shares outstanding as of fiscal year 2024.
What is Saker Aviation's current ratio?
Saker Aviation (SKAS) had a current ratio of 8.92 as of fiscal year 2024, which is generally considered healthy.
What is Saker Aviation's debt-to-equity ratio?
Saker Aviation (SKAS) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Saker Aviation's return on assets (ROA)?
Saker Aviation (SKAS) had a return on assets of 11.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Saker Aviation's cash runway?
Based on fiscal year 2024 data, Saker Aviation (SKAS) had $5.3M in cash against an annual operating cash burn of $600K. This gives an estimated cash runway of approximately 106 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Saker Aviation's Altman Z-Score?
Saker Aviation (SKAS) has an Altman Z-Score of 5.33, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Saker Aviation's Piotroski F-Score?
Saker Aviation (SKAS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Saker Aviation's earnings high quality?
Saker Aviation (SKAS) has an earnings quality ratio of -0.48x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Saker Aviation?
Saker Aviation (SKAS) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.