PNW (Pinnacle West Capital Corporation) Stock Financials & Earnings | Market Cap Arena

PNW (Pinnacle West Capital Corporation) Stock Financials & Earnings | Market Cap Arena

PNWPinnacle West Capital Corporation

Mkt Cap$12B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Revenue (TTM)$5.3B

Net Income (TTM)$617M

EPS (TTM)$5.05

Free Cash Flow (TTM)-$820M

Gross Margin34.9%

Op. Margin21.7%

Net Margin11.5%

FCF Margin-15.3%

P/S Ratio (TTM)2.3x

P/E Ratio (TTM)19.9x

YoY Rev Growth+4.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$945M	$300M	$51M
Q2 23	$1.1B	$437M	$183M
Q3 23	$1.6B	$773M	$516M
Q4 23	$992M	$334M	$74M
Q1 24	$952M	$336M	$67M
Q2 24	$1.3B	$600M	$314M
Q3 24	$1.8B	$829M	$547M
Q4 24	$1.1B	$372M	$85M
Q1 25	$1.0B	$352M	$57M
Q2 25	$1.4B	$595M	$308M
Q3 25	$1.8B	$708M	$649M
Q4 25	$1.1B	$206M	$145M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.7x	26.5x
Q2 23	2.7x	30.3x
Q3 23	2.6x	25.7x
Q4 23	2.6x	24.5x
Q1 24	2.6x	23.6x
Q2 24	2.5x	19.9x
Q3 24	2.4x	20.0x
Q4 24	2.4x	20.2x
Q1 25	2.4x	20.9x
Q2 25	2.3x	21.3x
Q3 25	2.3x	20.7x
Q4 25	2.3x	19.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$212M	-$234M
Q2 23	$226M	-$247M
Q3 23	$396M	-$48K
Q4 23	$374M	-$158M
Q1 24	$347M	-$170M
Q2 24	$190M	-$344M
Q3 24	$633M	-$33M
Q4 24	$439M	-$92M
Q1 25	$402M	-$221M
Q2 25	$261M	-$448M
Q3 25	$665M	$42M
Q4 25	$477M	-$193M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$445M
Q2 23	$473M
Q3 23	$396M
Q4 23	$532M
Q1 24	$518M
Q2 24	$534M
Q3 24	$666M
Q4 24	$532M
Q1 25	$623M
Q2 25	$710M
Q3 25	$623M
Q4 25	$670M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+20.6%	+22.7%
Q2 23	+5.7%	+11.9%
Q3 23	+11.4%	+6.6%
Q4 23	-1.8%	-5.7%
Q1 24	+0.7%	-1.0%
Q2 24	+16.7%	+6.1%
Q3 24	+8.0%	+8.9%
Q4 24	+10.5%	+10.2%
Q1 25	+8.5%	+10.2%
Q2 25	+3.8%	+5.6%
Q3 25	+2.9%	-4.1%
Q4 25	+3.0%	-2.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$4M	0.4%
Q2 23	$4M	0.3%
Q3 23	$5M	0.3%
Q4 23	$5M	0.5%
Q1 24	$6M	0.6%
Q2 24	$5M	0.4%
Q3 24	$6M	0.4%
Q4 24	$7M	0.6%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$7M	$0	$7M
Q2 23	$8M	$0	$8M
Q3 23	$15M	$0	$15M
Q4 23	$5M	$0	$5M
Q1 24	$10M	$0	$10M
Q2 24	$4M	$0	$4M
Q3 24	$49M	$0	$49M
Q4 24	$4M	$0	$4M
Q1 25	$10M	$0	$10M
Q2 25	$19M	$0	$19M
Q3 25	$31M	$0	$31M
Q4 25	$7M	$3M	$10M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	113M	+0.1%
Q2 23	114M	+0.3%
Q3 23	114M	+0.1%
Q4 23	114M	+0.2%
Q1 24	114M	+0.1%
Q2 24	116M	+1.4%
Q3 24	117M	+1.1%
Q4 24	114M	-2.4%
Q1 25	120M	+4.6%
Q2 25	122M	+1.9%
Q3 25	122M	+0.1%
Q4 25	122M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	3K
FY 15	$1M	3K
FY 16	$1M	3K
FY 17	$1M	3K
FY 18	$1M	3K
FY 19	$1M	2K
FY 20	$2M	2K
FY 21	$2M	2K
FY 22	$2M	2K
FY 23	$2M	2K
FY 24	$2M	2K
FY 25	$2M	2K