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) Gross margin
Pinnacle West Capital Corporation's gross margin over the twelve months to 30 June 2026 was 62.7%, down 1.1 percentage points from fiscal 2025 (63.8%). Over the past ten years it has ranged from 61.8% (fiscal 2023) to 72.5% (fiscal 2017); the current reading is higher than 27% of that period. That is below the Utilities Regulated Electric industry median of 66.3% and in line with the Utilities sector median of 62.0%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 63.8% | (0.65) |
| FY2024 | 64.4% | 2.61 |
| FY2023 | 61.8% | (0.49) |
| FY2022 | 62.3% | (7.38) |
| FY2021 | 69.7% | (2.60) |
| FY2020 | 72.3% | 2.33 |
| FY2019 | 70.0% | (0.88) |
| FY2018 | 70.9% | (1.63) |
| FY2017 | 72.5% | 3.22 |
| FY2016 | 69.3% | 0.77 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 61.6% | (0.37) |
| Mar 2026 | 62.0% | (0.73) |
| Dec 2025 | 62.7% | (1.23) |
| Sep 2025 | 64.0% | (0.92) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| LNT Alliant Energy Corporation compare | 76.9% |
| EIX Edison International compare | 75.1% |
| EVRG Evergy Inc. compare | 69.3% |
| IDA IDACORP, Inc. compare | 68.1% |
| TXNM TXNM Energy, Inc. compare | 63.9% |
| PNW Pinnacle West Capital Corporation | 62.7% |
| OGE OGE Energy Corporation compare | 62.0% |
| CMS CMS Energy Corporation compare | 61.2% |
| KEP Korea Electric Power Corporation compare | 15.4% |
| Utilities Regulated Electric industry median | 66.3% |
| Utilities sector median | 62.0% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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
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