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Pinnacle West Capital (PNW)

NYSE Utilities Multi-Utilities S&P 500
$104.22
+0.39 (+0.38%)
Close of Nov 06, 2026 · end-of-day data
Source: Pinnacle West Capital's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$3.50B$3.57B$3.69B$3.47B$3.59B$3.80B$4.32B$4.70B$5.12B$5.34B
Cost of revenue$1.08B$981.30M$1.08B$1.04B$993.42M$1.15B$1.63B$1.79B$1.82B$1.93B
Gross profit$2.42B$2.58B$2.62B$2.43B$2.59B$2.65B$2.70B$2.90B$3.30B$3.41B
Operating income$835.61M$909.76M$773.69M$671.96M$788.15M$805.31M$731.91M$824.64M$1.01B$1.07B
Interest expense$185.75M$197.68M$218.28M$216.72M$228.97M$233.26M$255.54M$331.32M$377.47M$421.97M
Pre-tax income———————$595.69M$736.56M$738.37M
Income tax$236.41M$258.27M$133.90M-$15.77M$78.17M$110.09M$74.83M$76.91M$110.53M$106.73M
Net income$442.03M$488.46M$511.05M$538.32M$550.56M$618.72M$483.60M$501.56M$608.81M$616.53M
EBITDA$1.40B$1.52B$1.42B$1.34B$1.47B$1.52B$1.55B$1.68B$1.97B$2.04B
EPS (basic)$3.97$4.37$4.56$4.79$4.89$5.48$4.27$4.42$5.35$5.15
EPS (diluted)$3.95$4.35$4.54$4.77$4.87$5.47$4.26$4.41$5.24$5.05
Diluted shares112.05M112.37M112.55M112.76M112.94M113.19M113.42M113.80M116.23M121.97M
Gross margin69.3%72.5%70.8%70.0%72.3%69.7%62.3%61.8%64.4%63.8%
Operating margin23.9%25.5%21.0%19.4%22.0%21.2%16.9%17.6%19.7%20.0%
Net margin12.6%13.7%13.8%15.5%15.3%16.3%11.2%10.7%11.9%11.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$8.88M$13.89M$5.77M$10.28M$59.97M$9.97M$4.83M$4.96M$3.84M$6.60M
Total current assets$822.22M$1.02B$924.99M$1.03B$1.20B$1.55B$1.75B$1.93B$1.69B$1.70B
Total assets$16.00B$17.02B$17.66B$18.48B$20.02B$22.00B$22.72B$24.66B$26.10B$30.03B
Total current liabilities$1.29B$1.20B$1.65B$2.08B$1.36B$1.76B$1.76B$2.89B$2.84B$3.16B
Short-term debt$177.20M$95.40M$76.40M$114.67M$169.00M$292.00M$340.72M$875.00M$800.00M$600.00M
Long-term debt$4.02B$4.79B$4.64B$4.83B$6.31B$6.91B$7.74B$7.54B$8.06B$9.21B
Total debt$4.20B$4.89B$4.71B$4.95B$6.48B$7.21B$8.08B$8.42B$8.86B$9.81B
Total liabilities$11.20B$12.01B$12.44B$13.05B$14.39B$16.10B$16.67B$18.48B$19.35B$22.99B
Shareholders' equity$4.80B$5.01B$5.22B$5.43B$5.63B$5.91B$6.05B$6.18B$6.75B$7.05B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.02B$1.12B$1.28B$956.73M$966.37M$860.01M$1.24B$1.21B$1.61B$1.81B
Capital expenditures$1.28B$1.41B$1.18B$1.19B$1.33B$1.47B$1.71B$1.85B$2.25B$2.62B
Free cash flow-$252.08M-$290.74M$98.97M-$234.72M-$360.22M-$613.46M-$466.05M-$638.67M-$639.37M-$819.52M
Investing cash flow-$1.25B-$1.43B-$1.19B-$1.13B-$1.28B-$1.39B-$1.62B-$1.69B-$1.93B-$2.38B
Financing cash flow$198.08M$315.51M-$92.45M$178.77M$361.14M$476.92M$371.47M$486.68M$322.69M$576.35M
Dividends paid$274.23M$289.79M$308.89M$329.64M$350.58M$369.48M$378.88M$386.49M$394.66M$422.79M
Share buybacks——————$2.65M$4.09M——
Stock-based compensation$18.88M$20.50M$19.55M$18.38M$18.29M$18.46M$15.94M$17.34M$23.53M$27.46M
Depreciation & amortization$565.01M$610.63M$650.96M$664.14M$686.25M$719.14M$817.81M$854.14M$956.18M$969.62M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.