Pinnacle West revenue and financials

PNW · NYSE · USD

$98.04+2.17%+$2.08

Close · October 6, 2026

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%.

Annual revenue · 2025: $5.34B
  1. $3.5B2016
  2. $3.57B2017
  3. $3.69B2018
  4. $3.47B2019
  5. $3.59B2020
  6. $3.8B2021
  7. $4.32B2022
  8. $4.7B2023
  9. $5.12B2024
  10. $5.34B2025

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets32,57730,69130,03229,89329,23527,23626,10326,31025,70124,84824,66124,434
Current assets2,0031,6151,7042,0011,7881,5891,6892,2652,0491,7821,9272,162
Cash and equivalents9.16.46.630.918.810.03.849.24.09.65.015.1
Receivables1,0406967341,014825———————
Inventory625563565539527———————
Net property, plant and equipment25,85024,45023,69023,32423,01221,31320,11419,78119,44818,96318,92418,552
Long-term investments1,9001,8311,8491,8231,761———————
Current liabilities3,3722,6963,1612,9653,4273,1682,8443,1973,1123,0562,8891,968
Accounts payable642602680537669———————
Long-term debt9,7769,8029,2069,2048,507———————
Total debt16,50515,14314,30014,24714,005———————
Total liabilities25,50223,58022,94522,68222,40720,39019,24519,58319,38518,53718,37617,946
Total equity (incl. minority)7,0757,1117,0877,2116,8286,8466,8576,7266,3166,3116,2856,488
Retained earnings3,8423,8843,8514,0543,6413,6623,6673,8823,4873,4833,4663,666
Minority interest40.342.840.643.1101107103109105112107114