Pinnacle West Capital Corporati (PNW) Stock Analysis
Utilities · Utilities - Regulated Electric · NYSE
Pinnacle West Capital Corporati (PNW) posted $5.34B in revenue for fiscal 2025 (up 4.2% year over year), at a 11.8% net margin, and has compounded revenue about 8.3%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Pinnacle West Capital Corporati
Pinnacle West Capital Corporati has grown revenue from $3.50B to $5.34B over the last 10 fiscal years, compounding about 8.3% a year. The most recent year was up 4.2%, so growth has cooled from its longer-run pace.
Net margin sits at 11.8%, down 0.4 points year over year. It carries about $9.96B of total debt.
The one thing worth a second look in the filings is heavy debt load.
Synthesised from Pinnacle West Capital Corporati's SEC filings — descriptive, not advice. Ask the analyst your own question →
Pinnacle West Capital Corporati revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.50B | $3.57B | $3.69B | $3.47B | $3.59B | $3.80B | $4.32B | $4.70B | $5.12B | $5.34B |
| Gross profit | $2.42B | $2.58B | $2.62B | — | — | — | — | — | — | — |
| Net income | $461.53M | $507.95M | $530.54M | $557.81M | $570.05M | $635.94M | $500.83M | $518.78M | $626.03M | $631.64M |
| Net margin | 13.2% | 14.2% | 14.4% | 16.1% | 15.9% | 16.7% | 11.6% | 11.0% | 12.2% | 11.8% |
Source: Pinnacle West Capital Corporati SEC filings (10-K). 18 years of history available in the interactive view.
Pinnacle West Capital Corporati: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $10562.7M is 5.9× last year's operating cash flow — it would take years of cash flow to clear.
Explore 18 years of Pinnacle West Capital Corporati financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Pinnacle West Capital Corporati financial history by metric
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About Pinnacle West Capital Corporati
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.
Pinnacle West Capital Corporati — frequently asked questions
What is Pinnacle West Capital Corporati's revenue?
Pinnacle West Capital Corporati (PNW) reported revenue of $5.34B for fiscal year 2025, up 4.2% from the prior year, according to its SEC filings.
Is Pinnacle West Capital Corporati profitable?
Yes. PNW earned net income of $631.64M in fiscal 2025, a net margin of 11.8%.
What is PNW's P/E ratio?
Pinnacle West Capital Corporati trades at a price-to-earnings ratio of about 18.8 based on the latest data in our nightly-refreshed cache.
How fast is Pinnacle West Capital Corporati growing?
PNW's revenue grew at roughly 8.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Pinnacle West Capital Corporati have?
As of fiscal year 2025, PNW carried roughly $9.96B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Pinnacle West Capital Corporati's market cap?
Pinnacle West Capital Corporati (PNW) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Pinnacle West Capital Corporati's fiscal year end?
PNW's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Pinnacle West Capital Corporati's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.