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PNW · NYSE · United States · Electric Services
In shortPINNACLE WEST CAPITAL CORP is profitable, burns cash and carries moderate debt, with revenue growing (+4.2% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 20.0% | 83/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 11.5% | 66/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 8.9% | 45/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.4% | 36/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.54× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.39× | 34/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 4.81× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.53× | 10/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.66 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -15.3% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -1.33× | 0/100 |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 3.6% | 98/100 |
| Operating margin volatility | 1.8% | 93/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 7.3% | 57/100 |
|---|---|---|
| EPS growth, 3-year average | 5.8% | 54/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3,804 | 4,324 | 4,696 | 5,125 | 5,340 |
| Operating income | 805 | 732 | 825 | 1,012 | 1,068 |
| Interest expense | 233 | 256 | 331 | 377 | 422 |
| Pre-tax income | – | – | 596 | 737 | 738 |
| Income tax | 110 | 75 | 77 | 111 | 107 |
| Net income | 619 | 484 | 502 | 609 | 617 |
| Diluted EPS | $5.47 | $4.26 | $4.41 | $5.24 | $5.05 |
| Diluted shares (millions) | 113 | 113 | 114 | 116 | 122 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
0.66 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 4, 2026