# SkyWater Technology Inc. (SKYT) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $32.46, market value $1.6 billion.

## Valuation
- **P/E (trailing): 13.9×** (5-yr avg 7.5×, 3-yr avg 7.5×). SkyWater Technology Inc. trades at 13.9× trailing earnings, well above its own five-year average of 7.5×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 2.5×**. Each dollar of revenue is priced at 2.5×.
- **Price / book: 8.8×**. The shares trade at 8.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 26.5×**. Enterprise value is 26.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -6.0%** (5-yr avg -6.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 7.2%**. The inverse of the P/E: 7.2% of the price is earned each year.

## Profitability
- **Gross margin: 20.2%**. SkyWater Technology Inc. keeps 20.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 0.7%**. 0.7% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 26.9%**. 26.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 63.3%**. A 63.3% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 1.8%**. Return on all capital, debt included, is 1.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 16.0%**. Each dollar of assets produces 16.0% of profit.

## Growth
- **Revenue growth (1 yr): 29.2%** (3-yr 27.6%/yr, 5-yr 25.8%/yr). Revenue grew 29.2% over the last year, against 25.8% a year compounded over five years.
- **EPS growth (1 yr): 1842.9%**. Earnings per share rose 1842.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.21**. Debt is 0.21 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.3×**. It would take 0.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.73**. A Z-score of 2.73 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. SkyWater Technology Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (1 analyst). 1 analysts cover SkyWater Technology Inc.; the consensus is hold, with an average price target of $35.00 (+8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -18.7%** (240.3% above the low). Trading 19% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 2.60** (volatility 96%). Beta of 2.60 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SKYT · Page: https://foliofundamentals.com/stocks/skyt

Not investment advice.