PNWNYSE—65

PINNACLE WEST CAPITAL CORP

Electric UtilitiesVerified

PINNACLE WEST CAPITAL CORP (PNW) is currently classified as Electric Utilities within Electric Utilities (Utilities). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 30,031,599,000 USD, total equity 7,046,458,000, short-term debt 600,000,000, long-term debt 9,205,676,000. Net cash position is approximately -9,799,072,000 USD. Profitability profile: revenue 5,339,939,000, gross profit 0, operating income 1,067,630,000, net income 0. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current liabilities exceed current assets.; Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk.. Comparable peers identified within the same class: Duke Energy, NextEra Energy, Southern Company.

30-day price · PNW+1.84 (+1.9%)

Low$96.75High$105.00Close$99.76As of18 May, 00:00 UTC

Profile

CompanyPINNACLE WEST CAPITAL CORP

ExchangeNYSE

TickerPNW

CIK0000764622

SICElectric Services

SectorUtilities

BusinessUtilities

Industry groupUtilities

IndustryElectric Utilities

AI analysis

Business. PINNACLE WEST CAPITAL CORP is classified under Utilities / Electric Utilities and appears not currently profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Electric Utilities, Utilities, Utilities.

Key takeaways

Debt to equity is about 1.39x.
Likely peers from the same classification include Duke Energy, NextEra Energy, Southern Company.

Financial snapshot

PeriodFY2025

CurrencyUSD

Revenue$5.34B

Gross profit—

Operating income$1.07B

Net income—

R&D—

SG&A—

D&A$969.6M

SBC$27.5M

Operating cash flow$1.81B

CapEx—

Free cash flow—

Total assets$30.03B

Total liabilities—

Total equity$7.05B

Cash & equivalents$6.6M

Long-term debt$9.21B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY2025$5.34B$1.07B——

FY2024$5.12B$1.01B——

FY2025$5.12B$1.01B——

FY2023$4.70B$824.6M——

FY2024$4.70B$824.6M——

PeriodGross %Op %Net %FCF %

FY2025————

FY2024————

FY2025————

FY2023————

FY2024————

PeriodAssetsEquityCashDebt

FY2025$30.03B$7.05B$6.6M—

FY2024$26.10B$6.75B$3.8M—

FY2025$26.10B$6.75B$3.8M—

FY2023$24.66B$6.18B$5.0M—

FY2024$24.66B$6.18B$5.0M—

PeriodOCFCapExFCFSBC

FY2025$1.81B——$27.5M

FY2024$1.61B——$23.5M

FY2025$1.61B——$23.5M

FY2023$1.21B——$17.3M

FY2024$1.21B——$17.3M

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

Q3 2025$4.21B$946.6M——

Q2 2025$2.39B$364.8M——

Q3 2025————

Q1 2025$1.03B$57.2M——

PeriodGross %Op %Net %FCF %

Q3 2025————

Q2 2025————

Q3 2025————

Q1 2025————

PeriodAssetsEquityCashDebt

Q3 2025$29.89B$7.17B$30.9M—

Q2 2025$29.24B$6.73B$18.8M—

Q3 2025—$6.83B——

Q1 2025$27.24B$6.74B$10.0M—

PeriodOCFCapExFCFSBC

Q3 2025$1.33B——$21.3M

Q2 2025$663.3M——$12.4M

Q3 2025————

Q1 2025$401.9M——$7.2M

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book—

Net cash-$9.80B

Current ratio0.5

Debt/Equity1.4

ROA—

ROE—

Cash conversion—

CapEx/Revenue—

SBC/Revenue0.5%

Asset intensity0.6

Dilution ratio—

Risk assessment

Dilution riskMedium

Liquidity riskHigh

Current liabilities exceed current assets.
Net cash is negative after subtracting total debt.
Source documents mention dilution or offering risk.

Industry benchmarks

Activity: Electric Utilities · cohort 13 companies

MetricPNWActivity

Op margin20.0%4.2% medp25 4.2% · p75 18.6%top quartile

Net margin—2.1% medp25 2.1% · p75 12.9%

Gross margin—30.7% medp25 18.4% · p75 46.7%

R&D / revenue—6.8% medp25 6.8% · p75 7.5%

CapEx / revenue—30.7% medp25 11.1% · p75 43.1%

Debt / equity139.0%159.3% medp25 130.9% · p75 178.2%below median

Observations

IR observations

market data ESG controversies score100.0

market data ESG governance pillar18.2

market data ESG social pillar59.7

market data insider trading score5.0

Competitor context

DUKDuke EnergyUSPeer

Derived from classification anchor Electric Utilities.

Electric Utilities, Utilities

NEENextEra EnergyUSPeer

Derived from classification anchor Electric Utilities.

Electric Utilities, Utilities

SOSouthern CompanyUSPeer

Derived from classification anchor Electric Utilities.

Electric Utilities, Utilities

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 10:05 UTCJob: 22fcb4fe