Pinnacle West Capital
PNW stock analysis · Utilities · Multi-Utilities
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-04-28. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Requires positive annual FCF, usable shares and discount rate above terminal growth.
How this is calculated ↗Reverse DCF
No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.
How this is calculated ↗Relative valuation
11 industry peers · median 22.6×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 21.0× · 24.9% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Requires reported dividends, repurchases and issuance; missing values are not zero.
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | — | — | — |
| 10.0% | — | — | — |
| 12.0% | — | — | — |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 5.3B | 631.6M | 1.8B | 2.6B | 30B |
| 2024-12-31 | 5.1B | 626M | 1.6B | 2.2B | 26.1B |
| 2023-12-31 | 4.7B | 518.8M | 1.2B | 1.8B | 24.7B |
| 2022-12-31 | 4.3B | 500.8M | 1.2B | 1.7B | 22.7B |
| 2021-12-31 | 3.8B | 635.9M | 860M | 1.5B | 22B |
| 2020-12-31 | 3.6B | 570.1M | 966.4M | 1.3B | 20B |
| 2019-12-31 | 3.5B | 557.8M | 956.7M | 1.2B | 18.5B |
| 2018-12-31 | 3.7B | 530.5M | 1.3B | 1.2B | 17.7B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 5.3B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-02-25 |
| netIncome | 631.6M | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-25 |
| Parent/common earnings proxy | 616.5M | NetIncomeLossAvailableToCommonStockholdersBasic | 2026-02-25 |
| cfo | 1.8B | NetCashProvidedByUsedInOperatingActivities | 2026-02-25 |
| capex | 2.6B | PaymentsToAcquireProductiveAssets | 2026-02-25 |
| operatingIncome | 1.1B | OperatingIncomeLoss | 2026-02-25 |
| assets | 30B | Assets | 2026-02-25 |
| equity | 7.1B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-25 |
| Parent book equity proxy | 7B | StockholdersEquity | 2026-02-25 |
| debt | 9.8B | LongTermDebtCurrent + LongTermDebtNoncurrent | 2026-02-25 |
| shortDebt | 757M | ShortTermBorrowings | 2026-02-25 |
| cash | 6.6M | CashAndCashEquivalentsAtCarryingValue | 2026-02-25 |
| shares | 122M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-25 |
| dividends | 422.8M | PaymentsOfDividendsCommonStock | 2026-02-25 |
| buybacks | — | Not reported under a supported tag | — |
| issuance | — | Not reported under a supported tag | — |