Pinnacle West Capital Corporation PNW SPX

Utilities · Utilities - Regulated Electric · United States

https://www.pinnaclewest.com

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

Market & Price

Market Cap

$12.09B

Current Price

$99.74

High / Low (52W)

$103.53 / $83.42

Beta

0.46

Valuation

Stock P/E

18.61

Industry PE

19.80

Forward P/E

17.91

PEG Ratio

3.00

Book Value

$58.33

Price to Book

1.71

P/S

2.21

EV/EBITDA

12.78

Dividend Yield

3.65%

Profitability & Returns

ROCE

4.32%

ROE

9.56%

ROA

2.49%

Profit Margin

11.99%

Op Margin

11.76%

EPS (Latest Qtr)

$0.27

EPS (TTM)

$5.36

Balance Sheet & Liquidity

Debt/Equity

2.13

Quick Ratio

0.26

Current Ratio

0.60

Debt

$15.14B

Total Assets

$30.03B

Current Assets

$1.70B

Working Capital

$-1.46B

Ownership

Promoter Holding

0.15%

Chg in Prom Hold

FII / Inst Holding

108.43%

Chg in FII Hold

0.01%

Financial Snapshot

Enterprise Value

$27.27B

Total Revenue (TTM)

$5.46B

EBITDA

$2.13B

Free Cash Flow

$-831.10M

Operating Cash Flow

$1.64B

Shares Outstanding

121.19M

Gross Margin

43.01%

Payout Ratio

67.35%

Growth (CAGR)

Revenue 5Y

7.28%

Profit 5Y

8.43%

Revenue (YoY)

11.40%

Earnings (YoY)

PROS

Attractive dividend yield of 3.65%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Utilities).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PNW Pinnacle West Capital Corporation SPX	99.74	18.61	$12.09B	3.65%	4.32%	9.56%	7.28%	8.43%
2	NEE NextEra Energy, Inc. SPX	87.01	22.08	$181.47B	2.86%	4.79%	10.32%	9.36%	18.12%
3	SO The Southern Company SPX	92.05	23.54	$103.77B	3.30%	5.93%	10.99%	0.31%	7.09%
4	DUK Duke Energy Corporation SPX	122.73	18.88	$95.68B	3.47%	5.35%	9.66%	3.87%	24.90%
5	AEP American Electric Power Company, Inc. NDXSPX	126.67	18.74	$68.92B	3.00%	5.68%	12.58%	3.66%	15.77%
6	D Dominion Energy, Inc. SPX	66.94	19.75	$58.87B	3.99%	5.34%	9.79%	5.80%	36.03%
7	SRE Sempra SPX	89.13	30.32	$58.26B	2.95%	3.04%	5.69%	-1.73%	-4.95%
8	VST Vistra Corp. SPXAI	160.23	26.79	$54.03B	0.57%	7.08%	42.90%	8.92%	58.98%
9	ETR Entergy Corporation SPX	109.05	27.89	$49.93B	2.35%	5.63%	10.75%	-2.02%	17.36%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	692.71M	974.12M	1.27B	-	740.53M	869.50M	1.19B	-	661.93M	929.59M	1.25B	696.48M	1.00B	1.31B	783.53M	1.06B	1.47B	944.96M	1.12B	1.64B	951.71M	1.31B	-	-	1.03B	1.36B	1.82B	1.13B	1.15B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	680.18M	763.61M	955.59M	719.11M	713.43M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	352.10M	595.14M	865.15M	409.06M	436.17M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	294.88M	287.59M	283.31M	288.05M	304.99M
Operating Income	231.97M	445.11M	109.83M	50.16M	231.75M	451.26M	122.82M	67.41M	297.26M	459.55M	85.55M	31.33M	242.16M	433.31M	66.88M	60.08M	196.59M	403.29M	12.00M	40.42M	261.87M	455.01M	47.53M	278.39M	429.37M	54.49M	223.09M	417.57M	50.72M	183.28M	516.26M	66.79M	313.75M	-	-	57.22M	307.55M	581.85M	121.01M	131.17M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	338.97M	575.43M	846.03M	369.52M	412.02M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94.84M	101.97M	111.20M	113.96M	115.90M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.52M	231.89M	495.41M	17.59M	36.28M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.18M	35.02M	77.89M	-3.00K	1.17M
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.64M	192.56M	413.21M	15.40M	32.92M
Diluted EPS	1.10	2.30	0.37	0.04	1.08	2.35	0.47	0.21	1.49	2.46	0.19	0.03	1.48	2.80	0.23	0.16	1.28	2.77	0.57	0.27	1.71	3.07	0.32	1.91	3.00	0.15	1.45	2.88	-0.03	0.94	3.50	0.15	1.76	-	-	-0.04	1.58	3.39	0.13	0.27

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	3.69B	3.47B	3.59B	-	4.32B	4.70B	5.12B	5.34B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.62B	2.85B	2.99B	3.12B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.71B	1.84B	2.14B	2.22B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	976.06M	1.02B	1.13B	1.15B
Operating Income	582.65M	616.13M	714.88M	746.51M	851.75M	846.32M	811.24M	854.60M	835.61M	909.76M	773.69M	671.96M	788.15M	-	731.91M	824.64M	1.01B	1.07B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.65B	1.78B	2.07B	2.13B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	255.54M	331.32M	377.47M	421.97M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	575.65M	595.69M	736.56M	738.37M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74.83M	76.91M	110.53M	106.73M
Net Income	242.12M	68.33M	350.05M	-	-	-	-	-	-	-	-	-	-	-	483.60M	501.56M	608.81M	616.53M
Diluted EPS	2.40	0.67	3.27	3.09	3.45	3.66	3.58	3.92	3.95	4.35	4.54	4.77	4.87	-	4.26	4.41	5.24	5.05

Compounded Sales Growth

5 Years:	7.28%
1 Year:	11.40%

Compounded Profit Growth

5 Years:	8.43%
1 Year:	-

Stock Price Performance

1 Year:	+13.66%
6 Months:	+13.53%
3 Months:	+0.32%
1 Month:	-1.03%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	12.04B	12.39B	13.11B	13.38B	13.51B	14.29B	15.03B	16.00B	17.02B	17.66B	18.48B	20.02B	22.00B	22.72B	24.66B	26.10B	30.03B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.75B	1.93B	1.69B	1.70B
Cash & Equivalents	56.32M	105.25M	145.38M	110.19M	33.58M	26.20M	9.53M	7.60M	39.49M	8.88M	13.89M	5.77M	10.28M	59.97M	9.97M	4.83M	4.96M	3.84M	6.60M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	450.64M	493.55M	501.44M	565.15M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	453.21M	513.89M	525.61M	579.83M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.56B	18.38B	19.25B	22.94B
Current Liabilities	-	-	1.11B	1.45B	1.34B	1.08B	1.62B	1.56B	1.44B	1.29B	1.20B	1.65B	2.08B	1.36B	1.76B	1.76B	2.89B	2.84B	3.16B
Long Term Debt	-	-	3.50B	3.05B	3.02B	3.20B	2.80B	3.01B	3.46B	4.02B	4.79B	4.64B	4.83B	6.31B	6.91B	7.74B	7.54B	8.06B	9.21B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.88B	10.30B	11.05B	14.30B
Total Equity	-	-	3.32B	3.68B	3.82B	3.97B	4.19B	4.37B	4.58B	4.80B	5.01B	5.22B	5.43B	5.63B	5.91B	6.05B	6.18B	6.75B	7.05B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113.25M	113.54M	119.14M	120.95M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	848.09M	1.07B	750.46M	1.13B	1.17B	1.15B	1.10B	1.09B	1.02B	1.12B	1.28B	956.73M	966.37M	-	1.24B	1.21B	1.61B	1.81B
Investing Cash Flow	-815.16M	-704.92M	-575.90M	-782.01M	-872.99M	-1.01B	-922.67M	-1.07B	-1.25B	-1.43B	-1.19B	-1.13B	-1.28B	-	-1.62B	-1.69B	-1.93B	-2.38B
Financing Cash Flow	15.99M	-322.25M	-209.75M	-420.18M	-305.51M	-160.58M	-178.88M	3.79M	198.08M	315.51M	-92.45M	178.77M	361.14M	-	371.47M	486.68M	322.69M	576.35M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.71B	-1.85B	-2.25B	-2.62B
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-466.05M	-638.67M	-639.37M	-819.52M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5.14M	123.00K	-1.12M	2.77M
Share Buybacks	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.65M	4.09M	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39.5%	39.3%	41.7%	41.6%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	21.0%	19.4%	22.0%	-	16.9%	17.6%	19.7%	20.0%
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.2%	10.7%	11.9%	11.5%
ROE %	-	2.1%	9.5%	-	-	-	-	-	-	-	-	-	-	-	8.0%	8.1%	9.0%	8.7%
ROCE %	-	5.6%	6.5%	6.3%	6.9%	7.1%	6.4%	6.3%	5.7%	5.8%	4.8%	4.1%	4.2%	-	3.5%	3.8%	4.4%	4.0%

Shareholding Pattern

Insiders

0.15%

Institutions

108.43%

Public Float

108.59%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Capital Research Global Investors	13.56%	16.44M	$1.64B
2	Blackrock Inc.	9.71%	11.77M	$1.17B
3	Vanguard Capital Management LLC	6.44%	7.80M	$778.12M
4	Barrow, Hanley Mewhinney & Strauss, LLC	5.78%	7.00M	$698.24M
5	State Street Corporation	5.70%	6.91M	$689.32M
6	Vanguard Portfolio Management LLC	4.94%	5.99M	$597.30M
7	ATLAS Infrastructure Partners (UK) Ltd.	4.19%	5.07M	$506.12M
8	Invesco Ltd.	3.51%	4.25M	$423.92M
9	Soroban Capital Partners LP	3.18%	3.85M	$384.48M
10	Geode Capital Management, LLC	2.59%	3.13M	$312.59M

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