Pinnacle West Capital Corporation PNW

91.74 0.66 0.72% as of 25 Sep
Market cap
$11.0B
P/E
17.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Pinnacle West Capital Corporation (PNW) Operating margin

Pinnacle West Capital Corporation's operating margin over the twelve months to 30 June 2026 was 20.5%, up 0.5 percentage points from fiscal 2025 (20.0%). Over the past ten years it has ranged from 16.9% (fiscal 2022) to 25.5% (fiscal 2017); the current reading is higher than 45% of that period. That is below the Utilities Regulated Electric industry median of 21.8% and above the Utilities sector median of 18.8%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 20.0% 0.24
FY2024 19.8% 2.19
FY2023 17.6% 0.63
FY2022 16.9% (4.24)
FY2021 21.2% (0.80)
FY2020 22.0% 2.61
FY2019 19.4% (1.60)
FY2018 21.0% (4.56)
FY2017 25.5% 1.64
FY2016 23.9% (0.57)

Quarterly

Period Operating margin Change (points)
Jun 2026 21.0% 9.59
Mar 2026 11.4% 0.68
Dec 2025 10.7% (21.23)
Sep 2025 32.0% 9.33
42 more quarters

Against its own ten years

Low 16.9% High 25.5%
Ten-year median 21.0%
Current reading's percentile 45

Operating margin against peers

Company Operating margin
EIX Edison International compare 32.7%
EVRG Evergy Inc. compare 26.2%
OGE OGE Energy Corporation compare 24.2%
ENIC Enel Chile S.A. compare 23.2%
IDA IDACORP, Inc. compare 22.8%
TXNM TXNM Energy, Inc. compare 22.2%
LNT Alliant Energy Corporation compare 22.1%
PNW Pinnacle West Capital Corporation 20.5%
KEP Korea Electric Power Corporation compare 13.5%
Utilities Regulated Electric industry median 21.8%
Utilities sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on PNW