Pinnacle West Capital Financial Statements
NYSE: PNWUtilitiesElectric Utilities: CentralUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
Pinnacle West Capital revenue and earnings
In fiscal 2025, Pinnacle West Capital generated $5.34 billion in revenue, up 4.2% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $631.6 million (+0.9% year over year), for a net margin of 11.8% versus a median of 12.2% in the prior 5 years. Gross margin was 63.8% (down from 64.4%) and operating margin 20.0%.
Diluted earnings per share came in at $5.05, down from $5.24. Over the last 5 fiscal years, PNW's revenue has grown at a 8.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Pinnacle West Capital income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.34B | 5.12B | 4.70B | 4.32B | 3.80B | 3.59B | 3.47B | 3.69B | 3.57B | 3.50B |
| Revenue growth (YoY) | +4.20% | +9.13% | +8.59% | +13.68% | +6.05% | +3.34% | -5.96% | +3.53% | +1.90% | +0.09% |
| Cost of Revenue | 1.93B | 1.82B | 1.79B | 1.63B | 1.15B | 993.42M | 1.04B | 1.08B | 981.30M | 1.08B |
| Gross Profit | 3.41B | 3.30B | 2.90B | 2.70B | 2.65B | 2.59B | 2.43B | 2.62B | 2.58B | 2.42B |
| Operating Expenses | 2.34B | 2.29B | 2.08B | 1.96B | 1.85B | 1.81B | 1.76B | 1.84B | 1.67B | 1.59B |
| Operating Income | 1.07B | 1.01B | 824.64M | 731.91M | 805.31M | 788.15M | 671.96M | 773.69M | 909.76M | 835.61M |
| Interest Expense | 421.97M | 377.47M | 331.32M | 255.54M | 233.26M | 228.97M | 216.72M | 218.28M | 197.68M | 185.75M |
| Other Income (Expense) | 92.71M | 101.97M | 102.38M | 99.28M | 173.98M | 89.04M | 86.80M | 109.04M | 54.14M | 48.08M |
| Pretax Income | 738.37M | 736.56M | 595.69M | — | — | — | — | — | — | — |
| Income Tax | 106.73M | 110.53M | 76.91M | 74.83M | 110.09M | 78.17M | -15.77M | 133.90M | 258.27M | 236.41M |
| Net Income | 631.64M | 626.03M | 518.78M | 500.83M | 635.94M | 570.05M | 557.81M | 530.54M | 507.95M | 461.53M |
| Net Income growth (YoY) | +0.90% | +20.67% | +3.59% | -21.25% | +11.56% | +2.19% | +5.14% | +4.45% | +10.06% | +1.17% |
| EPS (Basic) | 5.15 | 5.35 | 4.42 | 4.27 | 5.48 | 4.89 | 4.79 | 4.56 | 4.37 | 3.97 |
| EPS (Diluted) | 5.05 | 5.24 | 4.41 | 4.26 | 5.47 | 4.87 | 4.77 | 4.54 | 4.35 | 3.95 |
| Shares Outstanding (Basic) | 119.69M | 113.85M | 113.44M | 113.20M | 112.91M | 112.67M | 112.44M | 112.13M | 111.84M | 111.41M |
| Shares Outstanding (Diluted) | 121.97M | 116.23M | 113.80M | 113.42M | 113.19M | 112.94M | 112.76M | 112.55M | 112.37M | 112.05M |
| EBITDA | 2.04B | 1.97B | 1.68B | 1.55B | 1.52B | 1.47B | 1.34B | 1.42B | 1.52B | 1.40B |
| Gross Margin | 63.79% | 64.44% | 61.83% | 62.32% | 69.70% | 72.30% | 69.97% | 70.85% | 72.48% | 69.26% |
| Operating Margin | 19.99% | 19.75% | 17.56% | 16.93% | 21.17% | 21.97% | 19.36% | 20.96% | 25.52% | 23.88% |
| Net Margin | 11.83% | 12.22% | 11.05% | 11.58% | 16.72% | 15.89% | 16.07% | 14.37% | 14.25% | 13.19% |
This table shows 10 annual periods of Pinnacle West Capital's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PNW's reporting calendar. What is a income statement?