Pinnacle West Capital Corporation
PNW Utilities Utilities Regulated Electric
Pinnacle West Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 4.20% from fiscal 2024. In the quarter to June 2026, revenue grew 7.14%, EPS fell 8.70%, free cash flow grew 36.8% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.
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Pinnacle West Capital Corporation (PNW) Free cash flow margin
Pinnacle West Capital Corporation's free cash flow margin over the twelve months to 30 June 2026 was −9.05%, up 0.6 percentage points from fiscal 2025 (−9.61%). Over the past ten years it has ranged from −13.4% (fiscal 2021) to 3.43% (fiscal 2018); the current reading is higher than 27% of that period. That is above the Utilities Regulated Electric industry median of −11.5% and above the Utilities sector median of −11.7%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | −9.61% | (3.21) |
| FY2024 | −6.40% | 3.35 |
| FY2023 | −9.75% | (2.15) |
| FY2022 | −7.60% | 5.75 |
| FY2021 | −13.4% | (5.05) |
| FY2020 | −8.30% | (3.57) |
| FY2019 | −4.73% | (8.16) |
| FY2018 | 3.43% | 10.92 |
| FY2017 | −7.49% | (2.12) |
| FY2016 | −5.37% | (7.22) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| OGE OGE Energy Corporation compare | 8.48% |
| KEP Korea Electric Power Corporation compare | 2.02% |
| EIX Edison International compare | −2.00% |
| PNW Pinnacle West Capital Corporation | −9.05% |
| CMS CMS Energy Corporation compare | −21.7% |
| TXNM TXNM Energy, Inc. compare | −22.5% |
| EVRG Evergy Inc. compare | −23.1% |
| LNT Alliant Energy Corporation compare | −29.0% |
| IDA IDACORP, Inc. compare | −51.8% |
| Utilities Regulated Electric industry median | −11.5% |
| Utilities sector median | −11.7% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on PNW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement