PINNACLE WEST CAPITAL CORP
PNW Utilities · UtilitiesEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▼−37 over range · as of 2026-06-30
Revenue +7.1% YoY, earnings -8.2% YoY · sector avg 73
▼−18 over range · as of 2026-06-30
12.4% net margin, 9% return on equity, -16% free-cash-flow margin, profitable in 6 of last 8 quarters · sector avg 51
▼−23 over range · as of 2026-06-30
Net debt 5.3x EBITDA, 3x interest coverage, 0.6x current ratio · sector avg 65
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $1.5B +26.6% Gross margin 61.6% −0.4pp Operating margin 21.0% +9.6pp Net margin 12.4% +9.4pp Net income $180.8M +414.8%Filings
16-09 → 26-06 · following the period bar 31 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 31 filings
10-K FY 2024 2025-02-25 Pro → 10-Q Q3 2024 2024-11-06 Pro → 10-Q Q2 2024 2024-08-01 Pro → 10-Q Q1 2024 2024-05-02 Pro → 10-K FY 2023 2024-02-27 Pro → 10-Q Q3 2023 2023-11-02 Pro → 10-Q Q2 2023 2023-08-03 Pro → 10-Q Q1 2023 2023-05-04 Pro → 10-K FY 2022 2023-02-27 Pro → 10-Q Q3 2022 2022-11-03 Pro → 10-Q Q2 2022 2022-08-03 Pro → 10-Q Q1 2022 2022-05-04 Pro → 10-K FY 2021 2022-02-25 Pro → 10-Q Q3 2021 2021-11-05 Pro → 10-Q Q2 2021 2021-08-05 Pro → 10-Q Q1 2021 2021-05-05 Pro → 10-K FY 2020 2021-02-24 Pro → 10-Q Q3 2020 2020-10-30 Pro → 10-Q Q2 2020 2020-08-06 Pro → 10-Q Q1 2020 2020-05-08 Pro → 10-K FY 2019 2020-02-21 Pro → 10-Q Q3 2019 2019-11-07 Pro → 10-K FY 2018 2019-02-22 Pro → 10-K FY 2017 2018-02-23 Pro → 10-K FY 2016 2017-02-24 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 16-09 | 2016-09-30 | $1.2B |
| 16-12 | 2016-12-31 | $739.2M |
| 17-03 | 2017-03-31 | $677.7M |
| 17-06 | 2017-06-30 | $944.6M |
| 17-09 | 2017-09-30 | $1.2B |
| 17-12 | 2017-12-31 | $759.7M |
| 18-03 | 2018-03-31 | $692.7M |
| 18-06 | 2018-06-30 | $974.1M |
| 18-09 | 2018-09-30 | $1.3B |
| 18-12 | 2018-12-31 | $756.4M |
| 19-03 | 2019-03-31 | $740.5M |
| 19-06 | 2019-06-30 | $869.5M |
| 19-09 | 2019-09-30 | $1.2B |
| 19-12 | 2019-12-31 | $670.4M |
| 20-03 | 2020-03-31 | $661.9M |
| 20-06 | 2020-06-30 | $929.6M |
| 20-09 | 2020-09-30 | $1.3B |
| 20-12 | 2020-12-31 | $741.0M |
| 21-03 | 2021-03-31 | $696.5M |
| 21-06 | 2021-06-30 | $1.0B |
| 21-09 | 2021-09-30 | $1.3B |
| 21-12 | 2021-12-31 | $798.9M |
| 22-03 | 2022-03-31 | $783.5M |
| 22-06 | 2022-06-30 | $1.1B |
| 22-09 | 2022-09-30 | $1.5B |
| 22-12 | 2022-12-31 | $1.0B |
| 23-03 | 2023-03-31 | $945.0M |
| 23-06 | 2023-06-30 | $1.1B |
| 23-09 | 2023-09-30 | $1.6B |
| 23-12 | 2023-12-31 | $991.6M |
| 24-03 | 2024-03-31 | $951.7M |
| 24-06 | 2024-06-30 | $1.3B |
| 24-09 | 2024-09-30 | $1.8B |
| 24-12 | 2024-12-31 | $1.1B |
| 25-03 | 2025-03-31 | $1.0B |
| 25-06 | 2025-06-30 | $1.4B |
| 25-09 | 2025-09-30 | $1.8B |
| 25-12 | 2025-12-31 | $1.1B |
| 26-03 | 2026-03-31 | $1.1B |
| 26-06 | 2026-06-30 | $1.5B |
| Period | Period end | Net income |
|---|---|---|
| 16-09 | 2016-09-30 | $267.9M |
| 16-12 | 2016-12-31 | $58.1M |
| 17-03 | 2017-03-31 | $28.2M |
| 17-06 | 2017-06-30 | $172.3M |
| 17-09 | 2017-09-30 | $280.9M |
| 17-12 | 2017-12-31 | $26.5M |
| 18-03 | 2018-03-31 | $8.1M |
| 18-06 | 2018-06-30 | $171.6M |
| 18-09 | 2018-09-30 | $319.9M |
| 18-12 | 2018-12-31 | $30.9M |
| 19-03 | 2019-03-31 | $22.8M |
| 19-06 | 2019-06-30 | $149.0M |
| 19-09 | 2019-09-30 | $317.1M |
| 19-12 | 2019-12-31 | $68.9M |
| 20-03 | 2020-03-31 | $34.9M |
| 20-06 | 2020-06-30 | $198.5M |
| 20-09 | 2020-09-30 | $351.2M |
| 20-12 | 2020-12-31 | -$14.5M |
| 21-03 | 2021-03-31 | $40.5M |
| 21-06 | 2021-06-30 | $219.4M |
| 21-09 | 2021-09-30 | $344.1M |
| 21-12 | 2021-12-31 | $31.9M |
| 22-03 | 2022-03-31 | $21.3M |
| 22-06 | 2022-06-30 | $168.6M |
| 22-09 | 2022-09-30 | $330.6M |
| 22-12 | 2022-12-31 | -$19.7M |
| 23-03 | 2023-03-31 | $1.0M |
| 23-06 | 2023-06-30 | $111.0M |
| 23-09 | 2023-09-30 | $402.5M |
| 23-12 | 2023-12-31 | $4.3M |
| 24-03 | 2024-03-31 | $21.2M |
| 24-06 | 2024-06-30 | $208.1M |
| 24-09 | 2024-09-30 | $399.3M |
| 24-12 | 2024-12-31 | -$2.5M |
| 25-03 | 2025-03-31 | -$338.0K |
| 25-06 | 2025-06-30 | $196.9M |
| 25-09 | 2025-09-30 | $417.5M |
| 25-12 | 2025-12-31 | $17.6M |
| 26-03 | 2026-03-31 | $35.1M |
| 26-06 | 2026-06-30 | $180.8M |
| Period | Period end | Operating income |
|---|---|---|
| 16-09 | 2016-09-30 | $451.3M |
| 16-12 | 2016-12-31 | $122.8M |
| 17-03 | 2017-03-31 | $67.4M |
| 17-06 | 2017-06-30 | $297.3M |
| 17-09 | 2017-09-30 | $459.5M |
| 17-12 | 2017-12-31 | $85.5M |
| 18-03 | 2018-03-31 | $31.3M |
| 18-06 | 2018-06-30 | $242.2M |
| 18-09 | 2018-09-30 | $433.3M |
| 18-12 | 2018-12-31 | $66.9M |
| 19-03 | 2019-03-31 | $60.1M |
| 19-06 | 2019-06-30 | $196.6M |
| 19-09 | 2019-09-30 | $403.3M |
| 19-12 | 2019-12-31 | $12.0M |
| 20-03 | 2020-03-31 | $40.4M |
| 20-06 | 2020-06-30 | $261.9M |
| 20-09 | 2020-09-30 | $455.0M |
| 20-12 | 2020-12-31 | $30.8M |
| 21-03 | 2021-03-31 | $47.5M |
| 21-06 | 2021-06-30 | $278.4M |
| 21-09 | 2021-09-30 | $429.4M |
| 21-12 | 2021-12-31 | $50.0M |
| 22-03 | 2022-03-31 | $54.5M |
| 22-06 | 2022-06-30 | $223.1M |
| 22-09 | 2022-09-30 | $417.6M |
| 22-12 | 2022-12-31 | $36.8M |
| 23-03 | 2023-03-31 | $50.7M |
| 23-06 | 2023-06-30 | $183.3M |
| 23-09 | 2023-09-30 | $516.3M |
| 23-12 | 2023-12-31 | $74.4M |
| 24-03 | 2024-03-31 | $66.8M |
| 24-06 | 2024-06-30 | $313.7M |
| 24-09 | 2024-09-30 | $547.0M |
| 24-12 | 2024-12-31 | $84.5M |
| 25-03 | 2025-03-31 | $57.2M |
| 25-06 | 2025-06-30 | $307.6M |
| 25-09 | 2025-09-30 | $581.8M |
| 25-12 | 2025-12-31 | $121.0M |
| 26-03 | 2026-03-31 | $131.2M |
| 26-06 | 2026-06-30 | $305.7M |
| Period | Period end | EBITDA |
|---|---|---|
| 16-09 | 2016-09-30 | not reported |
| 16-12 | 2016-12-31 | not reported |
| 17-03 | 2017-03-31 | not reported |
| 17-06 | 2017-06-30 | not reported |
| 17-09 | 2017-09-30 | not reported |
| 17-12 | 2017-12-31 | not reported |
| 18-03 | 2018-03-31 | not reported |
| 18-06 | 2018-06-30 | not reported |
| 18-09 | 2018-09-30 | not reported |
| 18-12 | 2018-12-31 | $228.0M |
| 19-03 | 2019-03-31 | $227.9M |
| 19-06 | 2019-06-30 | $361.0M |
| 19-09 | 2019-09-30 | $571.9M |
| 19-12 | 2019-12-31 | $175.3M |
| 20-03 | 2020-03-31 | $213.6M |
| 20-06 | 2020-06-30 | $431.9M |
| 20-09 | 2020-09-30 | $627.6M |
| 20-12 | 2020-12-31 | $201.4M |
| 21-03 | 2021-03-31 | $223.9M |
| 21-06 | 2021-06-30 | $452.5M |
| 21-09 | 2021-09-30 | $611.2M |
| 21-12 | 2021-12-31 | $236.8M |
| 22-03 | 2022-03-31 | $258.1M |
| 22-06 | 2022-06-30 | $424.6M |
| 22-09 | 2022-09-30 | $625.4M |
| 22-12 | 2022-12-31 | $241.6M |
| 23-03 | 2023-03-31 | $259.5M |
| 23-06 | 2023-06-30 | $391.2M |
| 23-09 | 2023-09-30 | $735.8M |
| 23-12 | 2023-12-31 | $292.3M |
| 24-03 | 2024-03-31 | $293.2M |
| 24-06 | 2024-06-30 | $552.9M |
| 24-09 | 2024-09-30 | $793.0M |
| 24-12 | 2024-12-31 | $329.1M |
| 25-03 | 2025-03-31 | $307.9M |
| 25-06 | 2025-06-30 | $549.1M |
| 25-09 | 2025-09-30 | $821.3M |
| 25-12 | 2025-12-31 | $359.0M |
| 26-03 | 2026-03-31 | $391.0M |
| 26-06 | 2026-06-30 | $563.1M |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 16-09 | 2016-09-30 | not scored | not scored | not scored |
| 16-12 | 2016-12-31 | not scored | not scored | not scored |
| 17-03 | 2017-03-31 | not scored | not scored | not scored |
| 17-06 | 2017-06-30 | not scored | not scored | not scored |
| 17-09 | 2017-09-30 | not scored | not scored | not scored |
| 17-12 | 2017-12-31 | not scored | not scored | not scored |
| 18-03 | 2018-03-31 | not scored | not scored | not scored |
| 18-06 | 2018-06-30 | not scored | not scored | not scored |
| 18-09 | 2018-09-30 | not scored | not scored | not scored |
| 18-12 | 2018-12-31 | not scored | not scored | not scored |
| 19-03 | 2019-03-31 | not scored | not scored | not scored |
| 19-06 | 2019-06-30 | not scored | not scored | not scored |
| 19-09 | 2019-09-30 | not scored | not scored | not scored |
| 19-12 | 2019-12-31 | not scored | not scored | not scored |
| 20-03 | 2020-03-31 | not scored | not scored | not scored |
| 20-06 | 2020-06-30 | not scored | not scored | not scored |
| 20-09 | 2020-09-30 | not scored | not scored | not scored |
| 20-12 | 2020-12-31 | not scored | not scored | not scored |
| 21-03 | 2021-03-31 | not scored | not scored | not scored |
| 21-06 | 2021-06-30 | not scored | not scored | not scored |
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 81 | 46 | 81 |
| 23-12 | 2023-12-31 | 80 | 24 | 35 |
| 24-03 | 2024-03-31 | 83 | 27 | 35 |
| 24-06 | 2024-06-30 | 89 | 46 | 61 |
| 24-09 | 2024-09-30 | 51 | 44 | 69 |
| 24-12 | 2024-12-31 | 43 | 24 | 38 |
| 25-03 | 2025-03-31 | 14 | 21 | 30 |
| 25-06 | 2025-06-30 | 29 | 34 | 52 |
| 25-09 | 2025-09-30 | 23 | 36 | 60 |
| 25-12 | 2025-12-31 | 59 | 17 | 29 |
| 26-03 | 2026-03-31 | 81 | 19 | 29 |
| 26-06 | 2026-06-30 | 44 | 28 | 58 |