Emera (EMA) vs Pinnacle West Capital (PNW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Pinnacle West Capital (PNW) has outperformed Emera (EMA) over the past year, gaining 6.6% versus a loss of 4.5%. Over five years, PNW leads with a +44.0% price change compared with -3.2% for EMA. Emera is the larger company by market cap ($14.00 billion vs $11.93 billion), about 1.2 times the size.
On valuation, Emera trades at a lower forward P/E (17.6x vs 17.6x for Pinnacle West Capital). Emera offers the higher dividend yield (6.42% vs 3.68%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EMA | PNW |
|---|---|---|
| Share price | $45.57 | $98.43 |
| Market cap | $14.00B | $11.93B |
| 1-day change | -0.62% | +0.45% |
| YTD return | -6.88% | +10.46% |
| 1-year return | -4.54% | +6.56% |
| 5-year return | -3.17% | +44.05% |
| P/E ratio (TTM) | 19.90 | 18.89 |
| Forward P/E | 17.61 | 17.62 |
| EPS (TTM) | $2.29 | $5.21 |
| Dividend yield | 6.42% | 3.68% |
| Annual dividend | $2.92 | $3.63 |
| Revenue (latest FY) | — | $5.34B |
| Revenue growth (YoY) | — | +4.20% |
| Net income (latest FY) | — | $631.64M |
| Gross margin | — | 63.79% |
| Operating margin | — | 19.99% |
| Net margin | — | 11.83% |
| 52-week high | $55.49 | $111.16 |
| 52-week low | $45.27 | $86.18 |
| Distance from 52-week high | -17.89% | -11.46% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +16.32% | +4.58% |
| Average volume | 531.06K | 1.18M |
| Shares outstanding | 307.15M | 121.20M |
| Employees | 7,812 | 6,610 |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- PNW has outperformed EMA by 11.1 percentage points over the past year.
- Emera offers a meaningfully higher dividend yield (6.42% vs 3.68%).
About Emera
EMA stock →Emera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments.
Utilities · Electric Utilities: Central · 7,812 employees
About Pinnacle West Capital
PNW stock →Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities.
Utilities · Electric Utilities: Central · 6,610 employees
EMA vs PNW FAQ
Which is bigger, Emera or Pinnacle West Capital?
Emera (EMA) is larger, with a market capitalization of $14.00B compared with $11.93B for Pinnacle West Capital (PNW).
Which stock has performed better over the past year, EMA or PNW?
PNW returned +6.56% over the past 12 months, compared with -4.54% for EMA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EMA or PNW?
PNW has the lower trailing P/E at 18.9, versus 19.9 for EMA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Emera or Pinnacle West Capital?
Emera has the higher yield at 6.42%, compared with 3.68% for Pinnacle West Capital.
Are Emera and Pinnacle West Capital in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.