Pinnacle West Capital Corporation (PNW)
NYSE: PNW · Real-Time Price · USD
101.32
-0.96 (-0.94%)
At close: Jul 30, 2026, 4:00 PM EDT
100.31
-1.01 (-1.00%)
Pre-market: Jul 31, 2026, 6:07 AM EDT

Pinnacle West Capital Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,4575,3405,1254,6964,3243,804
Revenue Growth
4.84%4.20%9.13%8.59%13.69%6.05%
Gross Profit
2,3062,2212,1371,8451,7081,697
Operating Income
1,1421,0681,012824.64731.91805.31
Net Income
654.1616.53608.81501.56483.6618.72
Earnings Per Share
5.375.055.244.414.265.47
EPS Growth
6.76%-3.63%18.82%3.52%-22.12%12.32%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Residential Retail Electric Service
2,5862,5412,5632,2892,0461,913
Non-Residential Retail Electric Service
2,6202,5432,3352,0481,7681,587
Wholesale Energy Sales
98.81108.6696.86208.99383.13187.64
Transmission Services for Others
136.15129.67119.04138.63116.6399.29
Other Sources
16.3917.3611.2710.7610.916.65
Revenue (Total)
5,4575,3405,1254,6964,3243,804

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
6.416.63.844.964.839.97
Total Debt
15,00714,11110,94810,2358,7728,084
Net Cash (Debt)
-15,000-14,104-10,944-10,230-8,767-8,074
Net Cash Growth
------
Net Cash Per Share
-122.48-115.64-94.16-89.89-77.30-71.33

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,6381,8051,6101,2081,241860.01
Capital Expenditures
-2,630-2,625-2,249-1,846-1,707-1,473
Free Cash Flow
-991.93-819.52-639.37-638.67-466.05-613.46
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
42.25%41.60%41.70%39.28%39.50%44.62%
Operating Margin
20.92%19.99%19.75%17.56%16.93%21.17%
Pretax Margin
14.31%13.83%14.37%12.69%13.31%19.61%
Profit Margin
12.22%11.83%12.22%11.05%11.58%16.72%
FCF Margin
-18.18%-15.35%-12.48%-13.60%-10.78%-16.13%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
3.6403.5953.5353.4753.4153.340
Dividend Per Share Growth
1.68%1.70%1.73%1.76%2.25%5.11%
Dividend Yield
3.59%3.98%4.09%4.74%4.40%4.64%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
19.0517.5616.1816.2917.8512.90
Forward PE
21.3118.9318.9415.0317.5817.16
PS Ratio
2.252.011.971.741.992.10