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PINNACLE WEST CAPITAL CORP

PNW

$101.04 ▲ +0.22 (+0.21%) at close

19 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

PINNACLE WEST CAPITAL CORP shows mixed fundamentals. Consider comparing against peers in the Utilities sector before making investment decisions.

Market Cap $12.1B

Dividend Yield 3.57%

Revenue Growth 4.2% ↘

Op. Margin 20.0% →

ROIC 5.6% ↘

FCF / Share None

Trailing P/E 19.6x

Price / Book 1.7x

FCF Yield —

Debt / Equity 1.41

info Valuation on last close. End-of-day price, Aug 7, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$5.34B

↑ +4.2% —

Net Income Profit after all expenses

$631.64M

↑ +0.9% —

Operating Margin Operating profit as % of sales

20.0%

↑ +1.2% 75th

Long-Term Debt Long-term obligations

$9.21B

↑ +14.2% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↓

Returns ↓

Financial Health →

Dividend History

Dividend / share · sourced from SEC filings

$3.61 Latest / share

+1.7% YoY

+4.1% 12-yr CAGR

$2.33

FY 2014

$2.44

FY 2015

$2.56

FY 2016

$2.70

FY 2017

$2.87

FY 2018

$3.04

FY 2019

$3.23

FY 2020

$3.36

FY 2021

$3.43

FY 2022

$3.49

FY 2023

$3.55

FY 2024

$3.61

FY 2025

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	4.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+40%)	9.1% Fair → Fair Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+204%)	8.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+186%)	13.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+356%)	6.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+102%)	3.3% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+11%)	-6.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-299%)	3.5% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+18%)	1.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	0.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-97%)	0.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-96%)	1.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-64%)	4.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+54%)	1.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-38%)	1.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-45%)	0.4% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-86%)	-1.4% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-145%)	—	—
EPS Growth YoY (%)	-3.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	21.0% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	3.5% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-22.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	12.1% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	2.1% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	5.0% Fair → Fair Stable Year-over-year change in earnings per share Optimal: > 10%	4.3% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	10.1% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	0.8% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	9.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-2.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	11.9% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-5.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	382.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-71.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	0.9% Caution ↓ Caution Declining Year-over-year change in net income	20.7% Good ↑ Good Improving Year-over-year change in net income	3.6% Caution ↑ Caution Improving Year-over-year change in net income	-21.2% Weak ↓ Weak Declining Year-over-year change in net income	11.6% Fair ↑ Fair Improving Year-over-year change in net income	2.2% Caution ↓ Caution Declining Year-over-year change in net income	5.1% Fair → Fair Stable Year-over-year change in net income	4.4% Caution ↓ Caution Declining Year-over-year change in net income	10.1% Fair ↑ Fair Improving Year-over-year change in net income	1.2% Caution ↓ Caution Declining Year-over-year change in net income	7.7% Fair ↑ Fair Improving Year-over-year change in net income	-3.7% Weak ↓ Weak Declining Year-over-year change in net income	6.5% Fair ↓ Fair Declining Year-over-year change in net income	12.6% Fair ↓ Fair Declining Year-over-year change in net income	-0.9% Weak ↓ Weak Declining Year-over-year change in net income	441.8% Excellent Excellent Year-over-year change in net income	-71.8% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	7.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	10.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	9.4% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	1.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	0.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.8% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	0.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.7% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	1.3% Weak Weak Compound annual revenue growth over 3 years	0.2% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	8.3% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.9% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.9% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	1.7% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	0.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.3% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	1.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	1.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	1.9% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	1.9% Caution Caution Compound annual revenue growth over 5 years	1.4% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	6.4% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-0.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-3.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-3.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	6.3% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	3.8% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	6.5% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	5.0% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	6.8% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	2.5% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	4.2% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	4.9% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	4.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	72.3% Excellent Excellent Compound annual EPS growth over 3 years	9.0% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	20.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	19.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	17.6% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	16.9% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	21.2% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	22.0% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	19.4% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	21.0% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	25.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	24.5% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	24.4% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	23.2% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	24.5% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	25.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	23.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+15%)	22.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	19.2% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	18.1% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	—
Effective Tax Rate (%) (%)	14.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.0% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	34.2% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.4% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.0% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.8% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	11.8% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	11.6% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	16.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	15.9% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	16.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	14.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	14.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	13.2% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	13.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	12.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	12.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	11.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	2.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	7.5% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	5.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.7% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	4.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	7.7% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	3.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.3% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.3% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.7% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.8% Caution Caution Operating profit relative to total assets Optimal: > 10%	5.1% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	9.0% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-10%)	9.3% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	8.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	8.3% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	10.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+8%)	10.1% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.3% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.2% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.1% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.6% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.0% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.7% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.5% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.1% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	2.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-79%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	1.41x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+9%)	1.28x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.32x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.34x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.22x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-6%)	1.15x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-11%)	0.91x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.90x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.98x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	0.87x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-33%)	0.76x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-42%)	0.73x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.83x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-36%)	0.86x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-34%)	0.91x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.83x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-36%)	1.10x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-15%)	—	—
Interest Coverage (x)	2.75x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.81x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.49x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.86x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.45x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.44x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.10x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.54x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.60x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.61x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.78x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.37x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.53x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.27x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.34x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.14x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.69x Caution Caution Operating income divided by interest expense Optimal: > 5x	2.84x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$9.96B	$8.62B	$8.15B	$8.08B	$7.20B	$6.42B	$4.94B	$4.71B	$4.87B	$4.19B	$3.42B	$3.17B	$3.48B	$3.39B	$3.46B	$2.95B	$3.50B	$-105.25M	$-56.32M
Debt / EBITDA (x)	4.89x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.38x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.85x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.22x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.73x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.40x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.70x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.31x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.21x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.95x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.43x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.43x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.61x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.56x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.82x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.58x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.44x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$44.62	$45.02	$41.40	$38.20	$33.69	$31.84	$30.87	$32.92	$31.88	$31.40	$31.48	$31.56	$31.41	$30.15	$29.72	$29.93	$31.39	$31.98	—
Basic EPS, GAAP (USD)	$5.15	$5.35	$4.42	$4.27	$5.48	$4.89	$4.79	$4.56	$4.37	$3.97	$3.94	$3.59	$3.69	$3.48	$3.11	$3.28	$0.68	$2.40	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$3.61	$3.55	$3.49	$3.43	$3.36	$3.23	$3.04	$2.87	$2.70	$2.56	$2.44	$2.33	$2.23	$2.67	$2.10	$2.10	$2.10	$2.10	—
Book Value per Share (USD)	$58.87	$59.33	$54.46	$53.44	$52.31	$50.00	$48.30	$46.58	$44.77	$43.12	$41.29	$39.48	$38.14	$36.28	$35.05	$34.56	$32.78	—	—
Tangible Book Value per Share (USD)	$54.06	$54.13	$52.10	$51.15	$49.88	$47.49	$45.71	$44.23	$42.47	$42.31	$40.17	$38.40	$36.70	$34.80	$33.48	$32.83	$31.16	—	—
Basic Weighted Avg Shares (shares)	119.69M	113.85M	113.44M	113.20M	112.91M	112.67M	112.44M	112.13M	111.84M	111.41M	111.03M	110.63M	109.98M	109.51M	109.05M	106.57M	101.16M	100.69M	—
Dividend Payout Ratio (%)	70.1% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	66.4% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	79.0% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	80.3% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	61.3% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	66.1% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	63.5% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	62.9% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	61.8% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	64.5% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	61.9% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	64.9% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	60.4% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	76.7% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	67.5% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	64.0% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	308.8% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	87.5% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$-1.46B	$-1.15B	$-962.38M	$-11.59M	$-205.77M	$-162.11M	$-1.05B	$-723.97M	$-181.56M	$-470.73M	$-551.80M	$-585.71M	$-575.03M	$-77.82M	$-386.24M	$-425.19M	$-180.21M	—	—
LT Debt (USD)	$9.21B	$8.06B	$7.54B	$7.74B	$6.91B	$6.31B	$4.83B	$4.64B	$4.79B	$4.02B	$3.46B	$3.03B	$3.34B	$3.32B	$3.50B	$3.05B	$3.50B	—	—
Total Equity (USD)	$7.05B	$6.75B	$6.18B	$6.05B	$5.91B	$5.63B	$5.43B	$5.22B	$5.01B	$4.80B	$4.58B	$4.37B	$4.19B	$3.97B	$3.82B	$3.68B	$3.32B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$5.34B	$5.12B	$4.70B	$4.32B	$3.80B	$3.59B	$3.47B	$3.69B	$3.57B	$3.50B	$3.50B	$3.49B	$3.45B	$3.30B	$3.24B	$3.19B	$3.18B	$3.22B	—
Depreciation Expense (USD)	$969.62M	$956.18M	$854.14M	$817.81M	$719.14M	$686.25M	$664.14M	$650.96M	$610.63M	$565.01M	$571.66M	$496.49M	$492.32M	$481.26M	$493.78M	$472.81M	$450.86M	$431.67M	—
Net Income, GAAP (USD)	$631.64M	$626.03M	$518.78M	$500.83M	$635.94M	$570.05M	$557.81M	$530.54M	$507.95M	$461.53M	$456.19M	$423.70M	$439.97M	$413.16M	$366.94M	$370.21M	$68.33M	$242.12M	—
Operating Cash Flow (USD)	$1.81B	$1.61B	$1.21B	$1.24B	$860.01M	$966.37M	$956.73M	$1.28B	$1.12B	$1.02B	$1.09B	$1.10B	$1.15B	$1.17B	$1.13B	$750.46M	$1.07B	$848.09M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 19 years · 71 quarters

PINNACLE WEST CAPITAL CORP

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