PNWPinnacle West Capital
$104.21+20% 1Y
$104.21
$84.9552 weeks$109.39
The business
How PNW's business earns
Pinnacle West Capital earns 4.9% on the capital it employs against an estimated 9.0% cost of capital.
4.9%
Return on invested capital · cost of capital 9.0% · 4.1 points below the estimated cost of capital
- Operating margin
- 21%
Operating margin · Utilities - Regulated Electric median 22% · 12 months to Sep 30, 2026
- Cash conversion
- 1.81×
Cash conversion · 2.01× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- +1.9%
Share count, year on year · more shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 22% |
| FY2021 | 21% |
| FY2022 | 17% |
| FY2023 | 18% |
| FY2024 | 20% |
| FY2025 | 20% |
Details›
- Gross margin12 months to Sep 30, 2026
- 62%
- Operating margin12 months to Sep 30, 2026
- 21%
- Net margin12 months to Sep 30, 2026
- 12%
- Free cash flow margin
- −16%
- Revenue, trailing twelve months
- $5.71B
- Free cash flow, trailing twelve months
- −$932M
- Net income, trailing twelve months
- $670M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Utilities, Regulated Electric
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