PNWNYSEElectric ServicesFiscal year ends December 31
PINNACLE WEST CAPITAL CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$101.17−2.25 (-2.18%)
Close on Oct 19, 2026
- Market cap
- $12.60B
- P/E (TTM)
- 19.4
- Dividend yield
- 3.57%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
63.8%−8.5 pts over 5 years
Operating margin
20.0%−2.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.2% | +7.3% | +8.3% | +4.3% | |
| Gross profit | +3.2% | +8.1% | +5.6% | – | |
| Operating income | +5.5% | +13.4% | +6.3% | +2.3% | |
| EPS, diluted | -3.6% | +5.8% | +0.7% | +2.6% | |
| Dividend per share | +1.7% | +1.7% | +2.2% | +4.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | 0.64 | 0.88 | 0.54 | |
| Debt to equity | 0.87 | 1.15 | 1.50 | |
| Net debt to EBITDA | 2.99× | 4.36× | 5.18× | |
| Interest coverage | 4.5× | 3.4× | 2.5× | |
| Capex to revenue | 36.5% | 37.0% | 49.2% | |
| Diluted shares | 112M | 113M | 122M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Pinnacle West Capital generated $6.72B from operations and spent $11.86B on capital expenditure, dividends and share buybacks. 83% of that went back into the business.
Generated
$6.72B
Used
$11.86B
Capital expenditure$9.90B83%Dividends$1.95B16%Share buybacks$6.75M0%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$1.81B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$1.81B vs –
- Less leverageLong-term debt to assets fell30.9% → 30.7%
- Better liquidityCurrent ratio rose0.59 → 0.54
- No dilutionShare count did not rise116M → 122M
- Gross margin improvedGross margin up on the prior year64.44% → 63.79%
- More efficientAsset turnover rose0.21 → 0.20