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

Pinnacle West Capital Corporation (PNW) Return on equity

Alert me on Return on equity

Pinnacle West Capital Corporation's return on equity over the twelve months to 30 June 2026 was 9.21%, up 0.4 percentage points from fiscal 2025 (8.84%). Over the past ten years it has ranged from 7.94% (fiscal 2022) to 10.5% (fiscal 2021); the current reading is higher than 27% of that period. That is below the Utilities Regulated Electric industry median of 9.75% and in line with the Utilities sector median of 9.00%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 8.84% (0.42)
FY2024 9.26% 1.20
FY2023 8.06% 0.12
FY2022 7.94% (2.57)
FY2021 10.5% 0.77
FY2020 9.74% (0.14)
FY2019 9.88% 0.13
FY2018 9.75% 0.05
FY2017 9.70% 0.54
FY2016 9.16% (0.31)

Against its own ten years

Low 7.94% High 10.5%
Ten-year median 9.47%
Current reading's percentile 27

Return on equity against peers

Company Return on equity
EIX Edison International compare 20.7%
KEP Korea Electric Power Corporation compare 16.4%
LNT Alliant Energy Corporation compare 11.1%
CMS CMS Energy Corporation compare 10.7%
OGE OGE Energy Corporation compare 9.70%
IDA IDACORP, Inc. compare 9.42%
PNW Pinnacle West Capital Corporation 9.21%
EVRG Evergy Inc. compare 9.13%
TXNM TXNM Energy, Inc. compare 5.74%
Utilities Regulated Electric industry median 9.75%
Utilities sector median 9.00%
Market median 1.35%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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