Last 48 quarters of trend data · Utilities · Electric & Multi-Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.60 | 6.66 | 18.71 | 93.29 | 184.79 | 6.61 | 14.16 | — | — | 6.57 | 10.85 | 124.55 | — | 5.26 | 21.66 | — | — | 5.60 | 12.61 | 130.17 | 73.53 |
| — | +0.8% | +32.1% | — | — | +0.6% | +30.5% | — | — | +24.9% | -49.9% | — | — | -6.0% | +71.8% | — | — | -7.1% | +17.5% | +104.8% | — | |
| P/S Ratio | 2.21 | 1.47 | 2.29 | 2.71 | 2.40 | 1.50 | 2.01 | 2.76 | 2.21 | 1.47 | 1.69 | 2.24 | 2.07 | 1.28 | 2.06 | 2.38 | 2.13 | 1.24 | 1.95 | 2.82 | 2.50 |
| — | -2.4% | +14.0% | -1.7% | +8.4% | +2.4% | +18.8% | +23.0% | +7.1% | +14.5% | -18.2% | -5.6% | -3.2% | +2.8% | +5.8% | -15.8% | -14.7% | -20.5% | -15.8% | -14.5% | -18.0% | |
| P/B Ratio | 1.79 | 1.54 | 1.88 | 1.75 | 1.53 | 1.52 | 1.60 | 1.66 | 1.41 | 1.54 | 1.40 | 1.35 | 1.30 | 1.29 | 1.52 | 1.46 | 1.40 | 1.15 | 1.38 | 1.46 | 1.33 |
| — | +1.4% | +17.9% | +5.4% | +8.0% | -1.7% | +14.0% | +23.0% | +8.4% | +19.3% | -8.1% | -7.2% | -6.8% | +12.4% | +10.7% | -0.4% | +5.4% | -13.1% | -13.4% | -7.7% | -15.5% | |
| P/FCF | — | — | — | — | — | 65.16 | — | — | — | — | — | — | — | — | — | — | — | 183.24 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +104.7% | — | — | — | |
| EV / EBITDA | 13.89 | 8.10 | 10.96 | 17.65 | 19.96 | 7.66 | 11.33 | 19.09 | 15.75 | 6.82 | 9.07 | 16.23 | 15.82 | 6.29 | 12.37 | 18.07 | 18.09 | 6.36 | 9.94 | 16.62 | 17.07 |
| — | +5.8% | -3.3% | -7.6% | +26.7% | +12.2% | +25.0% | +17.7% | -0.4% | +8.5% | -26.7% | -10.2% | -12.6% | -1.2% | +24.5% | +8.7% | +6.0% | -1.6% | +6.4% | -8.7% | -13.5% | |
| EV / EBIT | 28.54 | 11.12 | 18.46 | 45.35 | 54.47 | 10.37 | 18.64 | 66.56 | 56.09 | 9.47 | 14.81 | 42.60 | 49.36 | 8.45 | 23.22 | 60.43 | 108.02 | 8.91 | 16.38 | 49.69 | 46.01 |
| — | +7.2% | -1.0% | -31.9% | -2.9% | +9.5% | +25.8% | +56.2% | +13.6% | +12.0% | -36.2% | -29.5% | -54.3% | -5.1% | +41.7% | +21.6% | +134.8% | +7.0% | +25.4% | +13.6% | -71.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.6% | 31.5% | 61.6% | 37.9% | 36.3% | 47.5% | 43.8% | 34.1% | 34.0% | 46.9% | 45.8% | 35.3% | 33.7% | 47.2% | 38.9% | 31.8% | 28.0% | 45.0% | 43.7% | 38.3% | 35.0% |
| — | -33.8% | +40.7% | +11.2% | +6.8% | +1.3% | -4.4% | -3.5% | +0.7% | -0.7% | +17.6% | +11.2% | +20.5% | +4.9% | -10.9% | -17.0% | -20.2% | -9.2% | -12.7% | -0.6% | +5.4% | |
| Operating Margin | 20.0% | 31.5% | 21.0% | 11.4% | 10.7% | 32.0% | 22.6% | 5.5% | 7.7% | 30.9% | 24.0% | 7.0% | 7.5% | 31.5% | 16.3% | 5.4% | 3.6% | 28.4% | 21.0% | 7.0% | 6.3% |
| — | -1.5% | -7.2% | +105.8% | +39.0% | +3.3% | -5.6% | -21.0% | +2.9% | -1.9% | +46.7% | +30.8% | +106.0% | +11.0% | -22.2% | -22.8% | -41.8% | -13.4% | -24.5% | +1.9% | +50.4% | |
| Net Margin | 11.5% | 22.0% | 12.3% | 2.9% | 1.4% | 22.7% | 14.2% | -0.4% | -0.6% | 22.3% | 15.6% | 1.8% | -0.0% | 24.3% | 9.5% | -0.3% | -2.4% | 22.2% | 15.5% | 2.2% | 3.5% |
| — | -3.0% | -13.4% | +736.5% | +319.1% | +1.6% | -9.0% | -125.4% | -26995.7% | -8.2% | +63.7% | +607.8% | +99.9% | +9.5% | -38.6% | -116.1% | -168.8% | -14.5% | -28.2% | -57.7% | +231.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 5.9% | 2.5% | 0.5% | 0.2% | 5.9% | 2.8% | -0.1% | -0.1% | 6.1% | 3.2% | 0.3% | -0.0% | 6.3% | 1.7% | -0.1% | -0.4% | 5.3% | 2.7% | 0.3% | 0.5% |
| — | +1.1% | -10.6% | +783.9% | +314.4% | -2.8% | -12.8% | -125.3% | -25025.0% | -4.5% | +85.2% | +600.4% | +99.9% | +20.3% | -36.0% | -119.0% | -184.8% | -6.8% | -26.5% | -54.5% | +236.6% | |
| ROA | 2.1% | 1.3% | 0.6% | 0.1% | 0.1% | 1.4% | 0.7% | -0.0% | -0.0% | 1.5% | 0.8% | 0.1% | -0.0% | 1.6% | 0.4% | -0.0% | -0.1% | 1.4% | 0.7% | 0.1% | 0.1% |
| — | -5.9% | -17.2% | +706.9% | +291.6% | -8.0% | -15.4% | -125.6% | -26000.0% | -7.7% | +79.8% | +579.6% | +99.9% | +14.3% | -39.0% | -118.5% | -183.1% | -9.8% | -29.7% | -56.7% | +229.9% | |
| ROIC | 3.7% | 2.2% | 1.1% | 0.4% | 0.4% | 2.1% | 1.2% | 0.2% | 0.4% | 2.3% | 1.4% | 0.3% | 0.3% | 2.4% | 0.9% | 0.2% | 0.2% | 2.1% | 1.2% | 0.3% | 0.3% |
| — | +5.0% | -2.8% | +79.2% | +10.8% | -10.6% | -15.4% | -22.4% | +5.1% | -2.2% | +60.1% | +22.2% | +82.9% | +11.6% | -25.9% | -14.2% | -31.4% | -10.3% | -27.1% | +2.4% | +46.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.52 | 2.26 | 1.61 | 2.13 | 2.52 | 1.98 | 2.05 | 1.77 | 1.61 | 1.68 | 1.77 | 1.66 | 1.64 | 1.56 | 1.66 | 1.59 | 1.44 | 1.35 | 1.43 | 1.38 | 1.36 |
| — | +14.2% | -21.7% | +20.2% | +56.3% | +17.4% | +15.6% | +6.5% | -1.7% | +7.7% | +6.8% | +4.9% | +13.8% | +15.4% | +16.2% | +15.3% | +6.0% | +9.5% | +9.2% | +12.3% | +13.0% | |
| Debt / EBITDA | 8.76 | 19.27 | 20.19 | 38.73 | 49.72 | 17.35 | 25.50 | 39.41 | 33.57 | 14.27 | 20.28 | 35.83 | 35.25 | 13.77 | 25.82 | 37.69 | 36.74 | 13.77 | 20.30 | 32.26 | 34.56 |
| — | +11.1% | -20.8% | -1.7% | +48.1% | +21.6% | +25.8% | +10.0% | -4.8% | +3.6% | -21.5% | -4.9% | -4.1% | +0.0% | +27.2% | +16.9% | +6.3% | +10.0% | +20.1% | +1.5% | +0.6% | |
| Current Ratio | 0.49 | 0.71 | 0.59 | 0.60 | 0.49 | 0.67 | 0.52 | 0.50 | 0.59 | 0.71 | 0.66 | 0.58 | 0.67 | 1.10 | 0.96 | 1.01 | 0.99 | 0.98 | 0.89 | 1.00 | 0.88 |
| — | +5.7% | +13.9% | +19.4% | -17.2% | -4.7% | -20.8% | -14.0% | -10.9% | -35.5% | -31.3% | -42.5% | -32.9% | +12.3% | +7.8% | +1.5% | +12.5% | -5.6% | +18.1% | +13.6% | +0.2% | |
| Quick Ratio | 0.31 | 0.50 | 0.41 | 0.39 | 0.31 | 0.49 | 0.37 | 0.34 | 0.42 | 0.54 | 0.48 | 0.42 | 0.50 | 0.85 | 0.70 | 0.74 | 0.74 | 0.77 | 0.69 | 0.76 | 0.67 |
| — | +1.5% | +11.1% | +13.9% | -25.1% | -9.2% | -23.6% | -19.0% | -15.8% | -35.9% | -31.5% | -43.2% | -32.7% | +10.8% | +1.8% | -2.2% | +9.5% | -5.0% | +20.7% | +21.9% | +6.1% | |
| Interest Coverage | 2.75 | 5.14 | 2.74 | 1.31 | 1.15 | 5.46 | 3.27 | 0.93 | 0.97 | 5.83 | 3.46 | 1.29 | 1.08 | 6.23 | 2.56 | 1.03 | 0.59 | 7.04 | 4.14 | 1.42 | 1.47 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying PNW stock.
Pinnacle West Capital Corporation's current P/E is 19.6x. The average P/E over the last 4 quarters is 75.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Pinnacle West Capital Corporation's current operating margin is 20.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Pinnacle West Capital Corporation's business trajectory between earnings reports.