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Pinnacle West Capital Corporation(PNW)Earnings, Financials & Key Ratios
PNW•NYSE•Utilities
$100.17
$12.14B mkt cap·19.8× P/E·Price updated May 6, 2026
AboutPinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.Show more
- Revenue$5.34B+4.2%
- EBITDA$2.09B+6.1%
- Net Income$617M+1.3%
- Free Cash Flow-$820M-28.2%
- EBITDA Margin39.1%+1.8%
- Net Margin11.55%-2.8%
- ROE8.84%-4.6%
- Interest Coverage2.75-6.8%
- Debt/Equity2.52+56.3%
- Net Debt/EBITDA8.55+52.3%
- CapEx / Revenue49.15%+12.0%
- CapEx Coverage0.69-3.9%
PNW Key Insights
Pinnacle West Capital Corporation (PNW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Healthy dividend yield of 3.5%
- ✓Trading near 52-week high
✗Weaknesses
- ✗High debt to equity ratio of 2.5x
- ✗Weak Piotroski F-Score: 3/9
- ✗High leverage: 8.5x Debt/EBITDA
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PNW Price & Volume
Pinnacle West Capital Corporation (PNW) stock price & volume — 10-year historical chart
Loading chart...
PNW Growth Metrics
Pinnacle West Capital Corporation (PNW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.33%
5 Years8.28%
3 Years7.28%
TTM4.84%
Profit CAGR
10 Years3.5%
5 Years2.29%
3 Years8.43%
TTM11.37%
EPS CAGR
10 Years2.57%
5 Years0.73%
3 Years5.83%
TTM6.56%
Return on Capital
10 Years4.57%
5 Years4.07%
3 Years4.22%
Last Year4.32%
PNW Recent Earnings
Pinnacle West Capital Corporation (PNW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026EPS
$0.27
Est $0.03
+1000.0%
Revenue
$1.1B
Est $1.1B
+6.0%
Q1 2026
Feb 25, 2026EPS
$0.13
Est $0.05
+160.0%
Revenue
$1.1B
Est $1.2B
-3.6%
Q4 2025
Nov 3, 2025EPS
$3.39
Est $3.04
+11.5%
Revenue
$1.8B
Est $1.2B
+55.7%
Q3 2025
Aug 6, 2025EPS
$1.58
Est $1.58
+0.0%
Revenue
$1.4B
Est $1.8B
-23.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.27vs $0.03+1000.0% | $1.1Bvs $1.1B+6.0% |
| Q1 2026 | Feb 25, 2026 | $0.13vs $0.05+160.0% | $1.1Bvs $1.2B-3.6% |
| Q4 2025 | Nov 3, 2025 | $3.39vs $3.04+11.5% | $1.8Bvs $1.2B+55.7% |
| Q3 2025 | Aug 6, 2025 | $1.58vs $1.58+0.0% | $1.4Bvs $1.8B-23.7% |
Based on last 12 quarters of dataView full earnings history →
PNW Peer Comparison
Pinnacle West Capital Corporation (PNW) competitors in Vertically integrated electric utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AEE | 30.32B | 109.59 | 20.48 | 15.43% | 17.17% | 11.6% | 1.47 | |
 WEC | 37.11B | 113.94 | 23.59 | 13.96% | 16.25% | 11.64% | 1.59 | |
 EVRG | 18.65B | 80.99 | 22.13 | 2.37% | 14.63% | 8.22% | 0.07 | |
 NWE | 4.37B | 71.08 | 24.18 | 6.38% | 10.21% | 5.8% | 1.14 | |
 IDA | 7.98B | 144.08 | 24.42 | -0.75% | 18.61% | 9.4% | 1.02 | |
 POR | 5.65B | 48.82 | 17.69 | -1.95% | 7.22% | 6.25% | 1.34 | |
 AVA | 3.35B | 40.58 | 17.05 | 1.34% | 9.83% | 7.25% | 1.25 | |
 AES | 10.23B | 14.34 | 11.38 | -0.37% | 8.42% | 10.65% | 2.54 |
Compare PNW vs Peers
Pinnacle West Capital Corporation (PNW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PNW Income Statement
Pinnacle West Capital Corporation (PNW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.57B | 3.69B | 3.47B | 3.59B | 3.8B | 4.32B | 4.7B | 5.12B | 5.34B | 5.46B |
| Revenue Growth % | 1.9% | 3.53% | -5.96% | 3.34% | 6.05% | 13.68% | 8.59% | 9.13% | 4.2% | 4.84% |
| Cost of Revenue | 1.93B | 2.11B | 1.98B | 1.95B | 2.11B | 2.62B | 2.85B | 2.99B | 3.98B | 3.24B |
| Gross Profit | 1.63B▲ 0% | 1.58B▼ 3.5% | 1.49B▼ 5.8% | 1.63B▲ 9.9% | 1.7B▲ 3.8% | 1.71B▲ 0.6% | 1.84B▲ 8.0% | 2.14B▲ 15.9% | 1.36B▼ 36.5% | 2.22B▲ 0% |
| Gross Margin % | 45.86% | 42.76% | 42.85% | 45.57% | 44.62% | 39.5% | 39.28% | 41.7% | 25.41% | 40.72% |
| Gross Profit Growth % | 9.62% | -3.46% | -5.77% | 9.9% | 3.83% | 0.63% | 8% | 15.86% | -36.52% | - |
| Operating Expenses | 725.13M | 804.7M | 815.4M | 846.5M | 891.91M | 976.06M | 1.02B | 1.13B | 238.48M | 718.94M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 1.52B | 1.42B | 1.34B | 1.47B | 1.52B | 1.55B | 1.68B | 1.97B | 2.09B | 2.46B |
| EBITDA Margin % | 42.64% | 38.6% | 38.49% | 41.1% | 40.08% | 35.84% | 35.75% | 38.41% | 39.1% | 45.11% |
| EBITDA Growth % | 8.55% | -6.3% | -6.21% | 10.35% | 3.39% | 1.66% | 8.33% | 17.24% | 6.07% | 24.16% |
| Depreciation & Amortization | 610.63M | 650.96M | 664.14M | 686.25M | 719.14M | 817.81M | 854.14M | 956.18M | 969.62M | 958.82M |
| D&A / Revenue % | 17.13% | 17.64% | 19.13% | 19.13% | 18.91% | 18.91% | 18.19% | 18.66% | 18.16% | 17.57% |
| Operating Income (EBIT) | 909.76M▲ 0% | 773.69M▼ 15.0% | 671.96M▼ 13.1% | 788.15M▲ 17.3% | 805.31M▲ 2.2% | 731.91M▼ 9.1% | 824.64M▲ 12.7% | 1.01B▲ 22.7% | 1.12B▲ 10.5% | 1.5B▲ 0% |
| Operating Margin % | 25.52% | 20.96% | 19.36% | 21.97% | 21.17% | 16.93% | 17.56% | 19.75% | 20.94% | 27.54% |
| Operating Income Growth % | 8.87% | -14.96% | -13.15% | 17.29% | 2.18% | -9.11% | 12.67% | 22.73% | 10.49% | - |
| Interest Expense | 197.68M | 218.28M | 216.72M | 228.97M | 233.26M | 255.54M | 331.32M | 377.47M | 421.97M | 4M |
| Interest Coverage | 4.88x | 4.04x | 3.50x | 3.83x | 4.20x | 3.25x | 2.80x | 2.95x | 2.75x | - |
| Interest / Revenue % | 5.54% | 5.91% | 6.24% | 6.38% | 6.13% | 5.91% | 7.06% | 7.37% | 7.9% | 0.07% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 766.22M▲ 0% | 664.44M▼ 13.3% | 542.04M▼ 18.4% | 648.23M▲ 19.6% | 746.03M▲ 15.1% | 575.65M▼ 22.8% | 595.69M▲ 3.5% | 736.56M▲ 23.6% | 738.37M▲ 0.2% | 781.17M▲ 0% |
| Pretax Margin % | 21.49% | 18% | 15.62% | 18.07% | 19.61% | 13.31% | 12.69% | 14.37% | 13.83% | 14.31% |
| Income Tax | 258.27M | 133.9M | -15.77M | 78.17M | 110.09M | 74.83M | 76.91M | 110.53M | 106.73M | 114.08M |
| Effective Tax Rate % | 33.71% | 20.15% | -2.91% | 12.06% | 14.76% | 13% | 12.91% | 15.01% | 14.45% | 14.6% |
| Net Income | 488.46M▲ 0% | 511.05M▲ 4.6% | 538.32M▲ 5.3% | 550.56M▲ 2.3% | 618.72M▲ 12.4% | 483.6M▼ 21.8% | 501.56M▲ 3.7% | 608.81M▲ 21.4% | 616.53M▲ 1.3% | 654.1M▲ 0% |
| Net Margin % | 13.7% | 13.84% | 15.51% | 15.35% | 16.27% | 11.18% | 10.68% | 11.88% | 11.55% | 11.99% |
| Net Income Growth % | 10.5% | 4.63% | 5.34% | 2.27% | 12.38% | -21.84% | 3.71% | 21.38% | 1.27% | 11.37% |
| EPS (Diluted) | 4.35▲ 0% | 4.54▲ 4.4% | 4.77▲ 5.1% | 4.87▲ 2.1% | 5.47▲ 12.3% | 4.26▼ 22.1% | 4.41▲ 3.5% | 5.24▲ 18.8% | 5.05▼ 3.6% | 5.28▲ 0% |
| EPS Growth % | 10.13% | 4.37% | 5.07% | 2.1% | 12.32% | -22.12% | 3.52% | 18.82% | -3.63% | 6.56% |
| EPS (Basic) | 4.37 | 4.56 | 4.79 | 4.89 | 5.48 | 4.27 | 4.42 | 5.35 | 5.15 | - |
| Diluted Shares Outstanding | 112.37M | 112.55M | 112.76M | 112.94M | 113.19M | 113.42M | 113.8M | 116.23M | 121.97M | 123.78M |
PNW Balance Sheet
Pinnacle West Capital Corporation (PNW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 17.02B | 17.66B | 18.48B | 20.02B | 22B | 22.72B | 24.66B | 26.1B | 31.68B | 30.69B |
| Asset Growth % | 6.34% | 3.79% | 4.61% | 8.34% | 9.9% | 3.27% | 8.53% | 5.85% | 21.38% | 61.43% |
| PP&E (Net) | 13.19B | 13.77B | 14.38B | 15.38B | 16.6B | 17.4B | 19.02B | 20.21B | 23.79B | 20.51B |
| PP&E / Total Assets % | 77.49% | 77.94% | 77.81% | 76.83% | 75.46% | 76.56% | 77.14% | 77.43% | 75.1% | 66.82% |
| Total Current Assets | 1.02B | 924.99M | 1.03B | 1.2B | 1.55B | 1.75B | 1.93B | 1.69B | 1.55B | 1.61B |
| Cash & Equivalents | 13.89M | 5.77M | 10.28M | 59.97M | 9.97M | 4.83M | 4.96M | 3.84M | 6.6M | 6.41M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 289.27M | 294.09M | 345.92M | 334.3M | 367.17M | 450.64M | 493.55M | 501.44M | 565.15M | 563.15M |
| Other Current Assets | 298.06M | 224.14M | 265.68M | 371.27M | 665.9M | 686.8M | 769.12M | 506.46M | 245.63M | 357.52M |
| Long-Term Investments | 903.54M | 1.09B | 1.26B | 1.39B | 1.65B | 1.42B | 1.56B | 1.69B | 1.85B | 7.27B |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 257.19M | 262.9M | 290.56M | 282.57M | 273.69M | 258.88M | 267.11M | 591.31M | 575.98M | 539.94M |
| Other Assets | 1.65B | 1.62B | 1.52B | 1.76B | 1.92B | 1.9B | 1.88B | 1.92B | 2.25B | 6.2B |
| Total Liabilities | 11.88B | 12.32B | 12.93B | 14.27B | 15.98B | 16.56B | 18.38B | 19.25B | 24.6B | 23.58B |
| Total Debt | 4.97B | 5.21B | 5.81B | 6.92B | 8.18B | 8.88B | 10.3B | 11.05B | 17.85B | 15.14B |
| Net Debt | 4.95B | 5.21B | 5.8B | 6.86B | 8.17B | 8.87B | 10.3B | 11.04B | 17.84B | 15.14B |
| Long-Term Debt | 4.79B | 4.64B | 4.83B | 6.31B | 6.91B | 7.74B | 7.54B | 8.06B | 12.75B | 9.8B |
| Short-Term Borrowings | 177.4M | 576.4M | 914.67M | 169M | 442M | 391.4M | 1.48B | 1.37B | 1.55B | 1.19B |
| Capital Lease Obligations | 0 | 0 | 64.58M | 436.12M | 828.84M | 744.46M | 1.28B | 1.62B | 3.55B | 15.21B |
| Total Current Liabilities | 1.2B | 1.65B | 2.08B | 1.36B | 1.76B | 1.76B | 2.89B | 2.84B | 3.16B | 2.7B |
| Accounts Payable | 256.44M | 277.34M | 346.45M | 318.58M | 393.08M | 430.43M | 442.45M | 485.43M | 680.2M | 601.65M |
| Accrued Expenses | 56.4M | 61.11M | 53.53M | 56.96M | 57.33M | 61.22M | 72.92M | 81.8M | 0 | 524.45M |
| Deferred Revenue | 70.39M | 91.17M | 64.91M | 48.34M | 42.29M | 41.77M | 42.04M | 44.34M | 632.17M | 0 |
| Other Current Liabilities | 410.61M | 405.45M | 453.21M | 439.68M | 457.08M | 469.78M | 512.91M | 480.95M | 638.61M | 423.1M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 12.35B |
| Other Liabilities | 3.87B | 3.86B | 3.55B | 3.68B | 3.83B | 3.43B | 3.53B | 3.56B | 69.73M | 4.59B |
| Total Equity | 5.14B▲ 0% | 5.35B▲ 4.1% | 5.55B▲ 3.8% | 5.75B▲ 3.6% | 6.02B▲ 4.7% | 6.16B▲ 2.3% | 6.28B▲ 2.0% | 6.86B▲ 9.1% | 7.09B▲ 3.3% | 7.11B▲ 0% |
| Equity Growth % | 4.05% | 4.15% | 3.82% | 3.59% | 4.67% | 2.3% | 2.03% | 9.11% | 3.35% | 22.53% |
| Shareholders Equity | 5.01B | 5.22B | 5.43B | 5.63B | 5.91B | 6.05B | 6.18B | 6.75B | 7.05B | 7.07B |
| Minority Interest | 129.04M | 125.79M | 122.54M | 119.29M | 115.26M | 111.23M | 107.2M | 103.17M | 40.62M | 42.81M |
| Common Stock | 2.61B | 2.63B | 2.66B | 2.68B | 2.7B | 2.72B | 2.75B | 3.12B | 3.23B | 3.22B |
| Additional Paid-in Capital | 2.61B | 2.63B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 2.44B | 2.64B | 2.84B | 3.03B | 3.26B | 3.36B | 3.47B | 3.67B | 3.85B | 3.88B |
| Accumulated OCI | -45M | -47.71M | -57.1M | -62.8M | -54.86M | -31.43M | -33.14M | -30.94M | -32.41M | -31.95M |
| Return on Assets (ROA) | 2.96% | 2.95% | 2.98% | 2.86% | 2.94% | 2.16% | 2.12% | 2.4% | 2.13% | 2.15% |
| Return on Equity (ROE) | 9.7% | 9.75% | 9.88% | 9.74% | 10.51% | 7.94% | 8.06% | 9.26% | 8.84% | 9.27% |
| Debt / Equity | 0.97x | 0.97x | 1.05x | 1.20x | 1.36x | 1.44x | 1.64x | 1.61x | 2.52x | 2.52x |
| Debt / Assets | 29.19% | 29.52% | 31.45% | 34.56% | 37.2% | 39.07% | 41.78% | 42.33% | 56.33% | 49.34% |
| Net Debt / EBITDA | 3.26x | 3.66x | 4.34x | 4.65x | 5.36x | 5.73x | 6.13x | 5.61x | 8.55x | 8.55x |
| Book Value per Share | 45.7 | 47.52 | 49.25 | 50.94 | 53.2 | 54.31 | 55.23 | 59 | 58.1 | 57.45 |
PNW Cash Flow Statement
Pinnacle West Capital Corporation (PNW) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.12B | 1.28B | 956.73M | 966.37M | 860.01M | 1.24B | 1.21B | 1.61B | 1.81B | 1.81B |
| Operating CF Growth % | 9.25% | 14.23% | -25.09% | 1.01% | -11.01% | 44.35% | -2.72% | 33.3% | 12.13% | 9.8% |
| Operating CF / Revenue % | 31.36% | 34.6% | 27.56% | 26.94% | 22.61% | 28.71% | 25.72% | 31.41% | 33.8% | 33.08% |
| Net Income | 507.95M | 530.54M | 557.81M | 570.05M | 635.94M | 500.83M | 518.78M | 626.03M | 616.53M | 654.1M |
| Depreciation & Amortization | 610.63M | 650.96M | 664.14M | 686.25M | 719.14M | 817.81M | 854.14M | 956.18M | 969.62M | 978.8M |
| Deferred Taxes | 243.58M | 112.19M | -5.42M | 64.37M | 112.67M | 37.31M | 52.76M | -29.18M | 7.92M | 10.34M |
| Other Non-Cash Items | -110.56M | -13.85M | -64.4M | -139.47M | -254.05M | -116.9M | -62.95M | 113.99M | 119.95M | 70.47M |
| Working Capital Changes | -154.06M | -22.24M | -213.78M | -233.13M | -372.15M | -13.55M | -172.36M | -80.74M | 91.08M | -85.66M |
| Capital Expenditures | -1.41B | -1.18B | -1.19B | -1.33B | -1.47B | -1.71B | -1.85B | -2.25B | -2.62B | -2.63B |
| CapEx / Revenue % | 39.51% | 31.92% | 34.32% | 36.98% | 38.74% | 39.49% | 39.32% | 43.89% | 49.15% | 48.2% |
| CapEx / D&A | 2.31x | 1.81x | 1.79x | 1.93x | 2.05x | 2.09x | 2.16x | 2.35x | 2.71x | 2.69x |
| CapEx Coverage (OCF/CapEx) | 0.79x | 1.08x | 0.80x | 0.73x | 0.58x | 0.73x | 0.65x | 0.72x | 0.69x | 0.69x |
| Cash from Investing | -1.43B | -1.19B | -1.13B | -1.28B | -1.39B | -1.62B | -1.69B | -1.93B | -2.58B | -2.54B |
| Acquisitions | -26.84M | 1.18B | 1.19B | 1.33B | 1.47B | 0 | 23.4M | 84.32M | -198.74M | -198.74M |
| Purchase of Investments | -544.53M | -672.16M | -722.18M | -822.61M | -1.73B | -1.21B | -1.68B | -1.71B | -1.86B | -1.89B |
| Sale of Investments | 542.25M | 653.03M | 719.03M | 819.52M | 1.72B | 1.21B | 1.68B | 1.69B | 1.86B | 1.88B |
| Other Investing | 9.36M | -1.17B | -1.13B | -1.27B | -1.38B | 93.79M | 130.84M | 254.68M | 249.74M | 290.31M |
| Cash from Financing | 315.51M | -92.45M | 178.77M | 361.14M | 476.92M | 371.47M | 486.68M | 322.69M | 775.09M | 900.72M |
| Dividends Paid | -289.79M | -308.89M | -329.64M | -350.58M | -369.48M | -378.88M | -386.49M | -394.66M | -422.79M | -426.32M |
| Dividend Payout Ratio % | 59.33% | 60.44% | 61.24% | 63.68% | 59.72% | 78.35% | 77.06% | 64.83% | 68.58% | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 341.43M | 84.61M | 84.61M |
| Share Repurchases | -13.39M | -5.05M | 692K | -1.39M | -2.35M | -2.65M | -4.09M | 0 | 0 | -1.03M |
| Other Financing | -22.74M | -22.74M | -22.74M | -22.74M | -21.25M | -21.25M | -21.25M | -21.25M | -18.04M | -18.04M |
| Net Change in Cash | 5.01M▲ 0% | -8.13M▼ 262.2% | 4.52M▲ 155.6% | 49.69M▲ 1000.0% | -50M▼ 200.6% | -5.14M▲ 89.7% | 123K▲ 102.4% | -1.12M▼ 1008.1% | 2.77M▲ 347.6% | -3.64M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 8.88M | 13.89M | 5.77M | 10.28M | 59.97M | 9.97M | 4.83M | 4.96M | 3.84M | 6.6M |
| Cash at End | 13.89M | 5.77M | 10.28M | 59.97M | 9.97M | 4.83M | 4.96M | 3.84M | 6.6M | 6.41M |
| Free Cash Flow | -290.74M▲ 0% | 98.97M▲ 134.0% | -234.72M▼ 337.2% | -360.22M▼ 53.5% | -613.46M▼ 70.3% | -466.05M▲ 24.0% | -638.67M▼ 37.0% | -639.37M▼ 0.1% | -819.52M▼ 28.2% | -991.93M▲ 0% |
| FCF Growth % | -15.33% | 134.04% | -337.15% | -53.47% | -70.3% | 24.03% | -37.04% | -0.11% | -28.18% | -43.84% |
| FCF Margin % | -8.15% | 2.68% | -6.76% | -10.04% | -16.13% | -10.78% | -13.6% | -12.48% | -15.35% | -18.18% |
| FCF / Net Income % | -59.52% | 19.37% | -43.6% | -65.43% | -99.15% | -96.37% | -127.34% | -105.02% | -132.92% | -151.65% |
PNW Key Ratios
Pinnacle West Capital Corporation (PNW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 9.7% | 9.75% | 9.88% | 9.74% | 10.51% | 7.94% | 8.06% | 9.26% | 8.84% | 9.27% |
| EBITDA Margin | 42.64% | 38.6% | 38.49% | 41.1% | 40.08% | 35.84% | 35.75% | 38.41% | 39.1% | 45.11% |
| Net Debt / EBITDA | 3.26x | 3.66x | 4.34x | 4.65x | 5.36x | 5.73x | 6.13x | 5.61x | 8.55x | 8.55x |
| Interest Coverage | 4.88x | 4.04x | 3.50x | 3.83x | 4.20x | 3.25x | 2.80x | 2.95x | 2.75x | - |
| CapEx / Revenue | 39.51% | 31.92% | 34.32% | 36.98% | 38.74% | 39.49% | 39.32% | 43.89% | 49.15% | 48.2% |
| Dividend Payout Ratio | 59.33% | 60.44% | 61.24% | 63.68% | 59.72% | 78.35% | 77.06% | 64.83% | 68.58% | 65.18% |
| Debt / Equity | 0.97x | 0.97x | 1.05x | 1.20x | 1.36x | 1.44x | 1.64x | 1.61x | 2.52x | 2.52x |
| EPS Growth | 10.13% | 4.37% | 5.07% | 2.1% | 12.32% | -22.12% | 3.52% | 18.82% | -3.63% | 6.56% |
PNW SEC Filings & Documents
Pinnacle West Capital Corporation (PNW) SEC filings — annual & quarterly reports (10-K, 10-Q)
PNW Frequently Asked Questions
Pinnacle West Capital Corporation (PNW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Pinnacle West Capital Corporation (PNW) reported $5.46B in revenue for fiscal year 2025. This represents a 200% increase from $1.82B in 1996.
Pinnacle West Capital Corporation (PNW) grew revenue by 4.2% over the past year. Growth has been modest.
Yes, Pinnacle West Capital Corporation (PNW) is profitable, generating $654.1M in net income for fiscal year 2025 (11.5% net margin).
Dividend & Returns
Yes, Pinnacle West Capital Corporation (PNW) pays a dividend with a yield of 3.46%. This makes it attractive for income-focused investors.
Pinnacle West Capital Corporation (PNW) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
Pinnacle West Capital Corporation (PNW) had negative free cash flow of $991.9M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Pinnacle West Capital Corporation (PNW) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.
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