NYSE:PNW
Pinnacle West Capital Corp.
Pinnacle West Capital Corp.'s revenue grew 4.2% in fiscal 2025 to $5.3B while operating margin rose to 20.0%. Free cash flow was −$819.5M, −15.3% of revenue, and the diluted share count rose 4.9%.Summary generated from Pinnacle West Capital Corp.'s SEC filings. Latest annual report filed Feb 25, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$5.3B
Revenue growth+4.2%
Revenue, 5-yr CAGR+8.3%
Gross marginn/a
Operating margin20.0%
Net margin11.8%
ROIC5.4%
Return on equity9.2%
Debt / equity1.50
Free cash flow−$819.5M
FCF margin−15.3%
Share count change+4.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 3,804 | 4,324 | 4,696 | 5,125 | 5,340 |
| Operating income | 805 | 732 | 825 | 1,012 | 1,068 |
| Net income | 636 | 501 | 519 | 626 | 632 |
| Free cash flow | −613 | −466 | −639 | −639 | −820 |
Recent filings
- 8-KRegulation FD disclosure
Sep 30, 2026 - 8-KRegulation FD disclosure
Sep 4, 2026 - 8-KCurrent report
Aug 13, 2026 - 4Insider transaction report
Aug 11, 2026 - 4Insider transaction report
Aug 11, 2026 - 8-KRegulation FD disclosure
Aug 7, 2026 - 8-KEntry into a material agreement
Aug 4, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 4, 2026