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Saturday 17 October 2026 Export PNW’s income statement to Excel — free account

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.

103.57 1.99 +1.96%
Market cap
$12.3B
P/E
19.5×
Fwd P/E
21.9×
Dividend yield
3.51%
F-score
3/9
Altman Z
0.69
Beneish M
−2.46
Dividend safety
40/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Pinnacle West Capital Corporation (PNW) Operating margin

Alert me on 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

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Annual newest first

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 newest first

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%
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%
CMS CMS Energy Corporation compare 19.0%
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 →

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