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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 394 | 235 | 477 | 665 | 261 | 402 | 439 | 633 | 190 | 347 | 374 | 396 |
| Depreciation and amortization | 257 | 260 | 238 | 239 | 242 | — | — | — | — | — | — | — |
| Capital expenditure | -740 | -638 | -682 | -637 | -721 | -633 | -544 | -678 | -545 | -531 | -541 | -405 |
| Investing cash flow | -649 | -552 | -546 | -580 | -667 | -586 | -464 | -582 | -463 | -424 | -458 | -352 |
| Financing cash flow | 257 | 316 | 44.5 | -73.2 | 415 | 190 | -20.5 | -5.8 | 268 | 81.4 | 74.4 | -36.7 |
| Dividends paid | -110 | -108 | -107 | -105 | -105 | -105 | -100 | -98.3 | -98.2 | -98.1 | -98.0 | -96.2 |
| Share repurchases | — | -7.4 | — | — | — | -6.4 | — | — | — | -4.5 | -2.4 | — |
| Debt issued | 559 | 595 | 281 | 618 | 1,330 | 302 | 186 | 14.0 | 1,479 | 184 | 186 | 56.5 |
| Debt repaid | -187 | -163 | -200 | -400 | -800 | — | -441 | 78.1 | -1,103 | — | — | 2.6 |
| Net change in cash | 2.7 | -0.2 | -24.3 | 12.0 | 8.8 | 6.2 | -45.3 | 45.2 | -5.6 | 4.7 | -10.2 | 7.5 |
| Free cash flow | -346 | -403 | -205 | 28.0 | -460 | -231 | -104 | -44.6 | -355 | -184 | -167 | -9.1 |
| Levered free cash flow | -538 | -526 | 426 | -507 | -440 | -297 | 577 | -545 | -191 | -72.4 | 159 | -32.4 |