Pinnacle West Capital Corporation (PNW) Financial Statements
Historical financial data — 41 statements covering FY2017–FY2025
Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility serving approximately 1.4 million customers across a 35,000-square-...
Pinnacle West Capital Corporation's revenue increased 4.2% year over year, from $5.12B to $5.34B.
Net income increased 1.3% over the same period, from $608.8M to $616.5M.
Over the 8-year period from FY2017 to FY2025, revenue grew by 50% in total.
Total debt increased by 15.5% to $9.96B.
The debt-to-equity ratio stands at 1.41, indicating a elevated leverage profile.
Operating cash flow grew 12.1% to $1.81B.
Pinnacle West Capital Corporation maintains a healthy net profit margin of 11.5%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.77B+35.1% | $395.0M | $547.0M | $547.0M | $633.2M | $26.31B | $8.68B | $6.62B |
| Q4 FY2024 | $1.10B-38.1% | $-6.8M | $84.5M | $84.5M | $439.5M | $26.10B | $8.63B | $6.75B |
| Q1 FY2025 | $1.03B-5.8% | $-4.6M | $57.2M | $57.2M | $401.9M | $27.24B | $8.93B | $6.74B |
| Q2 FY2025 | $1.36B+31.6% | $192.6M | $307.6M | $307.6M | $261.4M | $29.24B | $9.91B | $6.73B |
| Q3 FY2025 | $1.82B+34.0% | $413.2M | $581.8M | $581.8M | $665.0M | $29.89B | $9.88B | $7.17B |
| Q4 FY2025 | $1.13B-38.0% | $15.4M | $121.0M | $121.0M | $476.8M | $30.03B | $9.96B | $7.05B |
| Q1 FY2026 | $1.15B+1.9% | $32.9M | $131.2M | $131.2M | $235.3M | $30.69B | $15.14B | $7.11B |
| Q2 FY2026 | $1.46B+26.6% | $178.6M | $305.7M | $305.7M | $394.0M | $32.58B | $16.51B | $7.08B |
Balance Sheet Summary (Q2 FY2026)
Pinnacle West Capital Corporation (PNW) Financial Statements & Revenue History
Pinnacle West Capital Corporation (PNW) is a US-listed stock operating in the Utilities sector, specifically the Electric Services industry trading at $103.42 with a market capitalization of $13. This page provides 41 historical financial statements for Pinnacle West Capital Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Pinnacle West Capital Corporation reported revenue of $5.3 billion, representing 4.2% year-over-year growth. The net profit margin of 11.5% indicates moderate profitability. The debt-to-equity ratio of 1.41 indicates elevated leverage.
PNW Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Pinnacle West Capital Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether PNW is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track PNW's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Pinnacle West Capital Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of PNW's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use PNW Financial Data
Investors use Pinnacle West Capital Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare PNW's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how PNW's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View PNW's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Pinnacle West Capital Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.PNW trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.