diff --git a/CHANGELOG.md b/CHANGELOG.md
index a2a83ff..dcc27c5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -60,6 +60,13 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Works with both `sqlalchemy` and `sqlalchemy_v2` model types
 - For `sqlalchemy_v2`: uses `Mapped[List[T]]` for one-to-many and `Mapped[T]` for many-to-one
 
+**Schema-Separated Model Files (issue #40)**
+- New `split_by_schema` parameter for `create_models()` to generate separate files per database schema
+- Each schema gets its own file with a schema-specific Base class (e.g., `Schema1Base`)
+- Tables without explicit schema go to a file with the default `Base` class
+- Works with both `sqlalchemy` and `sqlalchemy_v2` model types
+- File naming: `{schema_name}_{base_filename}.py` (e.g., `schema1_models.py`)
+
 **SQLModel Improvements**
 - Fixed array type generation (issue #66)
 - Arrays now properly generate `List[T]` with correct SQLAlchemy ARRAY type
diff --git a/omymodels/from_ddl.py b/omymodels/from_ddl.py
index 9353ef6..18ac39e 100644
--- a/omymodels/from_ddl.py
+++ b/omymodels/from_ddl.py
@@ -45,6 +45,7 @@ def create_models(
     table_prefix: Optional[str] = "",
     table_suffix: Optional[str] = "",
     relationships: Optional[bool] = False,
+    split_by_schema: Optional[bool] = False,
 ):
     """models_type can be: "gino", "dataclass", "pydantic" """
     # extract data from ddl file
@@ -56,7 +57,28 @@ def create_models(
             sys.exit(0)
         else:
             raise NoTablesError()
-    # generate code
+
+    # Handle split_by_schema mode
+    if split_by_schema:
+        output = generate_models_by_schema(
+            data,
+            singular,
+            naming_exceptions,
+            models_type,
+            defaults_off,
+            table_prefix=table_prefix,
+            table_suffix=table_suffix,
+            relationships=relationships,
+        )
+        if dump:
+            save_models_by_schema(output, dump_path)
+        else:
+            for schema_name, code in output.items():
+                print(f"# === {schema_name} ===")
+                print(code)
+        return {"metadata": data, "code": output}
+
+    # generate code (single file mode)
     output = generate_models_file(
         data,
         singular,
@@ -140,6 +162,104 @@ def save_models_to_file(models: str, dump_path: str) -> None:
         f.write(models)
 
 
+def save_models_by_schema(models_by_schema: Dict[str, str], dump_path: str) -> None:
+    """Save models split by schema to separate files."""
+    folder = os.path.dirname(dump_path)
+    base_name = os.path.basename(dump_path)
+    name_without_ext = os.path.splitext(base_name)[0]
+
+    if folder:
+        os.makedirs(folder, exist_ok=True)
+
+    for schema_name, code in models_by_schema.items():
+        file_name = f"{schema_name}_{name_without_ext}.py" if schema_name else f"{name_without_ext}.py"
+        file_path = os.path.join(folder, file_name) if folder else file_name
+        with open(file_path, "w+") as f:
+            f.write(code)
+
+
+def group_tables_by_schema(tables: List) -> Dict[str, List]:
+    """Group tables by their schema attribute."""
+    grouped = {}
+    for table in tables:
+        schema = table.table_schema or ""
+        grouped.setdefault(schema, []).append(table)
+    return grouped
+
+
+def _schema_to_base_name(schema: str) -> str:
+    """Convert schema name to Base class name (e.g., 'my_schema' -> 'MySchemaBase')."""
+    if not schema:
+        return "Base"
+    # Convert snake_case or kebab-case to PascalCase
+    parts = schema.replace("-", "_").split("_")
+    pascal = "".join(part.capitalize() for part in parts)
+    return f"{pascal}Base"
+
+
+def generate_models_by_schema(
+    data: Dict[str, List],
+    singular: bool = False,
+    exceptions: Optional[List] = None,
+    models_type: str = "gino",
+    defaults_off: Optional[bool] = False,
+    table_prefix: Optional[str] = "",
+    table_suffix: Optional[str] = "",
+    relationships: Optional[bool] = False,
+) -> Dict[str, str]:
+    """Generate models split by schema, each with its own Base class."""
+    from omymodels.generators import get_generator_by_type, render_jinja2_template
+
+    results = {}
+    tables_by_schema = group_tables_by_schema(data["tables"])
+
+    # Collect relationships across all tables if enabled
+    relationships_map = {}
+    if relationships:
+        relationships_map = collect_relationships(data["tables"])
+
+    for schema_name, tables in tables_by_schema.items():
+        generator = get_generator_by_type(models_type)
+        add_custom_types_to_generator(data["types"], generator)
+
+        models_str = ""
+        header = ""
+
+        # Include types only in the first (or default) schema file
+        if data["types"] and schema_name == "":
+            types_generator = enum.ModelGenerator(data["types"])
+            models_str += types_generator.create_types()
+            header += types_generator.create_header()
+
+        for table in tables:
+            models_str += generator.generate_model(
+                table,
+                singular,
+                exceptions,
+                schema_global=False,  # Always include schema in __table_args__
+                defaults_off=defaults_off,
+                table_prefix=table_prefix,
+                table_suffix=table_suffix,
+                relationships=relationships_map.get(table.name, []) if relationships else [],
+            )
+
+        header += generator.create_header(tables, schema=False, models_str=models_str)
+
+        # Generate code with schema-specific Base name
+        base_name = _schema_to_base_name(schema_name)
+        output = render_jinja2_template(
+            models_type, models_str, header, base_name=base_name
+        )
+
+        # Replace class inheritance from Base to custom base name
+        if base_name != "Base":
+            output = output.replace("(Base):", f"({base_name}):")
+
+        results[schema_name] = output
+
+    return results
+
+
 def _add_relationship(
     relationships: Dict, table_name: str, fk_column: str, ref_table: str, ref_column: str
 ):
diff --git a/omymodels/generators.py b/omymodels/generators.py
index 937634b..1df9557 100644
--- a/omymodels/generators.py
+++ b/omymodels/generators.py
@@ -85,13 +85,16 @@ def get_supported_models() -> List[str]:
     return list(list_generators().keys())
 
 
-def render_jinja2_template(models_type: str, models: str, headers: str) -> str:
+def render_jinja2_template(
+    models_type: str, models: str, headers: str, base_name: str = "Base"
+) -> str:
     """Render Jinja2 template for model output.
 
     Args:
         models_type: Generator type name
         models: Generated model code
         headers: Generated header/imports code
+        base_name: Name for the Base class (default: "Base")
 
     Returns:
         Rendered template as string
@@ -107,5 +110,5 @@ def render_jinja2_template(models_type: str, models: str, headers: str) -> str:
     with open(template_file) as t:
         template = t.read()
         template = Template(template)
-        params = {"models": models, "headers": headers}
+        params = {"models": models, "headers": headers, "base_name": base_name}
         return template.render(**params)
diff --git a/omymodels/models/sqlalchemy/sqlalchemy.jinja2 b/omymodels/models/sqlalchemy/sqlalchemy.jinja2
index 4094d3a..19cf646 100644
--- a/omymodels/models/sqlalchemy/sqlalchemy.jinja2
+++ b/omymodels/models/sqlalchemy/sqlalchemy.jinja2
@@ -2,5 +2,5 @@ import sqlalchemy as sa
 from sqlalchemy.ext.declarative import declarative_base
 {{ headers }}
 
-Base = declarative_base()
+{{ base_name }} = declarative_base()
 {{ models }}
\ No newline at end of file
diff --git a/omymodels/models/sqlalchemy_v2/sqlalchemy_v2.jinja2 b/omymodels/models/sqlalchemy_v2/sqlalchemy_v2.jinja2
index 000d7b5..bd7deb1 100644
--- a/omymodels/models/sqlalchemy_v2/sqlalchemy_v2.jinja2
+++ b/omymodels/models/sqlalchemy_v2/sqlalchemy_v2.jinja2
@@ -5,6 +5,6 @@ from sqlalchemy import (
 from sqlalchemy.orm import DeclarativeBase, Mapped, mapped_column
 {{ headers }}
 
-class Base(DeclarativeBase):
+class {{ base_name }}(DeclarativeBase):
     pass
 {{ models }}
\ No newline at end of file
diff --git a/tests/functional/generator/test_sqlalchemy.py b/tests/functional/generator/test_sqlalchemy.py
index 2e50ddb..794716c 100644
--- a/tests/functional/generator/test_sqlalchemy.py
+++ b/tests/functional/generator/test_sqlalchemy.py
@@ -476,3 +476,68 @@ class Comments(Base):
 """
     result = create_models(ddl, models_type="sqlalchemy", relationships=True)["code"]
     assert result == expected
+
+
+def test_split_by_schema():
+    """Test that split_by_schema generates separate files per schema with custom Base."""
+    ddl = """
+CREATE SCHEMA schema1;
+CREATE SCHEMA schema2;
+
+CREATE TABLE schema1.users (
+    id int PRIMARY KEY,
+    name varchar NOT NULL
+);
+
+CREATE TABLE schema2.orders (
+    id int PRIMARY KEY,
+    total decimal(10,2)
+);
+"""
+    result = create_models(ddl, models_type="sqlalchemy", split_by_schema=True, dump=False)
+    code = result["code"]
+
+    # Should have two schemas
+    assert "schema1" in code
+    assert "schema2" in code
+
+    # Check schema1 output
+    schema1_code = code["schema1"]
+    assert "Schema1Base = declarative_base()" in schema1_code
+    assert "class Users(Schema1Base):" in schema1_code
+    assert 'dict(schema="schema1")' in schema1_code
+
+    # Check schema2 output
+    schema2_code = code["schema2"]
+    assert "Schema2Base = declarative_base()" in schema2_code
+    assert "class Orders(Schema2Base):" in schema2_code
+    assert 'dict(schema="schema2")' in schema2_code
+
+
+def test_split_by_schema_with_no_schema_tables():
+    """Test split_by_schema handles tables without explicit schema."""
+    ddl = """
+CREATE SCHEMA myschema;
+
+CREATE TABLE myschema.users (
+    id int PRIMARY KEY
+);
+
+CREATE TABLE public_table (
+    id int PRIMARY KEY
+);
+"""
+    result = create_models(ddl, models_type="sqlalchemy", split_by_schema=True, dump=False)
+    code = result["code"]
+
+    # Should have myschema and empty string for tables without schema
+    assert "myschema" in code
+    assert "" in code
+
+    # Check myschema output
+    assert "MyschemaBase = declarative_base()" in code["myschema"]
+    assert "class Users(MyschemaBase):" in code["myschema"]
+
+    # Check default schema output (no schema)
+    assert "Base = declarative_base()" in code[""]
+    assert "class PublicTable(Base):" in code[""]
diff --git a/tests/functional/generator/test_sqlalchemy_v2.py b/tests/functional/generator/test_sqlalchemy_v2.py
index eb9cdda..b87f22d 100644
--- a/tests/functional/generator/test_sqlalchemy_v2.py
+++ b/tests/functional/generator/test_sqlalchemy_v2.py
@@ -250,3 +250,27 @@ def test_relationships_multiple_foreign_keys():
     # Check child relationships
     assert 'user: Mapped["Users"] = relationship("Users", back_populates="comments")' in code
     assert 'post: Mapped["Posts"] = relationship("Posts", back_populates="comments")' in code
+
+
+def test_split_by_schema():
+    """Test split_by_schema with SQLAlchemy 2.0 style models."""
+    ddl = """
+CREATE SCHEMA schema1;
+
+CREATE TABLE schema1.users (
+    id int PRIMARY KEY,
+    name varchar NOT NULL
+);
+"""
+    result = create_models(ddl, models_type="sqlalchemy_v2", split_by_schema=True, dump=False)
+    code = result["code"]
+
+    # Should have schema1
+    assert "schema1" in code
+
+    # Check schema1 output has SQLAlchemy 2.0 style with custom Base
+    schema1_code = code["schema1"]
+    assert "class Schema1Base(DeclarativeBase):" in schema1_code
+    assert "class Users(Schema1Base):" in schema1_code
+    assert "id: Mapped[int]" in schema1_code
+    assert 'dict(schema="schema1")' in schema1_code