Last 48 quarters of trend data · Utilities · Regulated Electric
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Pinnacle West Capital Corporation's quarterly P/E stands at 93.3x. EV/EBITDA has compressed 43.6% YoY to 10.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.84 | 93.29 | 184.79 | 6.61 | 14.16 | — | — | 6.57 | 10.85 | 124.55 | — | 5.26 | 21.66 |
| — | — | — | +0.6% | +30.5% | — | — | +24.9% | -49.9% | — | — | -6.0% | +71.8% | |
| P/S Ratio | 2.27 | 2.71 | 2.40 | 1.50 | 2.01 | 2.76 | 2.21 | 1.47 | 1.69 | 2.24 | 2.07 | 1.28 | 2.06 |
| — | -1.7% | +8.4% | +2.4% | +18.8% | +23.0% | +7.1% | +14.5% | -18.2% | -5.6% | -3.2% | +2.8% | +5.8% | |
| P/B Ratio | 1.72 | 1.75 | 1.53 | 1.52 | 1.60 | 1.66 | 1.41 | 1.54 | 1.40 | 1.35 | 1.30 | 1.29 | 1.52 |
| — | +5.4% | +8.0% | -1.7% | +14.0% | +23.0% | +8.4% | +19.3% | -8.1% | -7.2% | -6.8% | +12.4% | +10.7% | |
| P/FCF | — | — | — | 65.16 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 14.36 | 10.76 | 18.71 | 7.08 | 11.33 | 19.09 | 15.75 | 6.82 | 9.07 | 16.23 | 15.82 | 6.29 | 12.37 |
| — | -43.6% | +18.8% | +3.7% | +25.0% | +17.7% | -0.4% | +8.5% | -26.7% | -10.2% | -12.6% | -1.2% | +24.5% | |
| EV / EBIT | 26.81 | 45.35 | 54.47 | 10.37 | 18.64 | 66.56 | 56.09 | 9.47 | 14.81 | 42.60 | 49.36 | 8.45 | 23.22 |
| — | -31.9% | -2.9% | +9.5% | +25.8% | +56.2% | +13.6% | +12.0% | -36.2% | -29.5% | -54.3% | -5.1% | +41.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Pinnacle West Capital Corporation's operating margin was 34.9% in Q1 2026, up 22.1 pp QoQ and up 29.4 pp YoY. The trailing four-quarter average of 26.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 81.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.4% | 62.0% | 18.3% | 38.9% | 43.8% | 34.1% | 34.0% | 46.9% | 45.8% | 35.3% | 33.7% | 47.2% | 38.9% |
| — | +81.8% | -46.2% | -17.1% | -4.4% | -3.5% | +0.7% | -0.7% | +17.6% | +11.2% | +20.5% | +4.9% | -10.9% | |
| Operating Margin | 20.9% | 34.9% | 12.9% | 35.7% | 22.6% | 5.5% | 7.7% | 30.9% | 24.0% | 7.0% | 7.5% | 31.5% | 16.3% |
| — | +529.8% | +66.5% | +15.3% | -5.6% | -21.0% | +2.9% | -1.9% | +46.7% | +30.8% | +106.0% | +11.0% | -22.2% | |
| Net Margin | 11.5% | 2.9% | 1.4% | 22.7% | 14.2% | -0.4% | -0.6% | 22.3% | 15.6% | 1.8% | -0.0% | 24.3% | 9.5% |
| — | +736.5% | +319.1% | +1.6% | -9.0% | -125.4% | -26995.7% | -8.2% | +63.7% | +607.8% | +99.9% | +9.5% | -38.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 0.5% | 0.2% | 5.9% | 2.8% | -0.1% | -0.1% | 6.1% | 3.2% | 0.3% | -0.0% | 6.3% | 1.7% |
| — | +783.9% | +314.4% | -2.8% | -12.8% | -125.3% | -25025.0% | -4.5% | +85.2% | +600.4% | +99.9% | +20.3% | -36.0% | |
| ROA | 2.1% | 0.1% | 0.1% | 1.4% | 0.7% | -0.0% | -0.0% | 1.5% | 0.8% | 0.1% | -0.0% | 1.6% | 0.4% |
| — | +706.9% | +291.6% | -8.0% | -15.4% | -125.6% | -26000.0% | -7.7% | +79.8% | +579.6% | +99.9% | +14.3% | -39.0% | |
| ROIC | 3.9% | 1.3% | 0.5% | 2.3% | 1.2% | 0.2% | 0.4% | 2.3% | 1.4% | 0.3% | 0.3% | 2.4% | 0.9% |
| — | +448.2% | +32.8% | -0.2% | -15.4% | -22.4% | +5.1% | -2.2% | +60.1% | +22.2% | +82.9% | +11.6% | -25.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Pinnacle West Capital Corporation's Debt/EBITDA ratio is 23.6x, down from 46.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 19.4% YoY to 0.60x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.52 | 2.13 | 2.52 | 1.98 | 2.05 | 1.77 | 1.61 | 1.68 | 1.77 | 1.66 | 1.64 | 1.56 | 1.66 |
| — | +20.2% | +56.3% | +17.4% | +15.6% | +6.5% | -1.7% | +7.7% | +6.8% | +4.9% | +13.8% | +15.4% | +16.2% | |
| Debt / EBITDA | 8.55 | 23.62 | 46.61 | 16.03 | 25.50 | 39.41 | 33.57 | 14.27 | 20.28 | 35.83 | 35.25 | 13.77 | 25.82 |
| — | -40.1% | +38.8% | +12.4% | +25.8% | +10.0% | -4.8% | +3.6% | -21.5% | -4.9% | -4.1% | +0.0% | +27.2% | |
| Current Ratio | 0.49 | 0.60 | 0.49 | 0.67 | 0.52 | 0.50 | 0.59 | 0.71 | 0.66 | 0.58 | 0.67 | 1.10 | 0.96 |
| — | +19.4% | -17.2% | -4.7% | -20.8% | -14.0% | -10.9% | -35.5% | -31.3% | -42.5% | -32.9% | +12.3% | +7.8% | |
| Quick Ratio | 0.31 | 0.39 | 0.31 | 0.49 | 0.37 | 0.34 | 0.42 | 0.54 | 0.48 | 0.42 | 0.50 | 0.85 | 0.70 |
| — | +13.9% | -25.1% | -9.2% | -23.6% | -19.0% | -15.8% | -35.9% | -31.5% | -43.2% | -32.7% | +10.8% | +1.8% | |
| Interest Coverage | 2.75 | 1.31 | 1.15 | 5.46 | 3.27 | 0.93 | 0.97 | 5.83 | 3.46 | 1.29 | 1.08 | 6.23 | 2.56 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Pinnacle West Capital Corporation's current P/E is 19.8x. The average P/E over the last 4 quarters is 74.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Pinnacle West Capital Corporation's current operating margin is 20.9%. 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.