Pinnacle West revenue and financials
$98.04Change from previous close: +2.17%Absolute change: +$2.08
In the fiscal year ended December 2025, Pinnacle West reported revenue of $5.34B (+4.20% year over year). Net income was $631.64M, a net margin of 11.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +4.20%
- 2025 vs 2024
- Net income growth
- +0.90%
- 2025 vs 2024
- Net margin
- 11.8%
- 2024: 12.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,805 | 1,610 | 1,208 | 1,241 | 860 | 966 | 957 | 1,277 | 1,118 | 1,023 |
| Depreciation and amortization | 970 | 956 | 854 | 818 | 719 | 686 | 664 | 651 | 611 | 565 |
| Capital expenditure | -2,625 | -2,249 | -1,846 | -1,707 | -1,473 | -1,327 | -1,191 | -1,178 | -1,409 | -1,275 |
| Investing cash flow | -2,379 | -1,934 | -1,694 | -1,618 | -1,387 | — | — | — | — | — |
| Financing cash flow | 576 | 323 | 487 | 371 | 477 | — | — | — | — | — |
| Dividends paid | -423 | -395 | -386 | -379 | -369 | -351 | -330 | -309 | -290 | -274 |
| Share repurchases | — | — | -4.1 | -2.7 | -2.4 | — | — | — | — | — |
| Debt issued | 2,531 | 1,863 | 931 | 924 | 889 | — | — | — | — | — |
| Debt repaid | -1,400 | -1,466 | -32.7 | -150 | -19.0 | — | — | — | — | — |
| Net change in cash | 2.8 | -1.1 | 0.1 | -5.1 | -50.0 | — | — | — | — | — |
| Free cash flow | -867 | -688 | -682 | -494 | -635 | — | — | — | — | — |
| Levered free cash flow | -602 | -220 | -270 | -494 | -603 | — | — | — | — | — |