Pinnacle West Capital Corporati (PNW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Pinnacle West Capital Corporati

NYSE•Utilities•Utilities - Regulated Electric

$94.99+0.09(<0.01%)Pre-market

Market Cap

$11.60B

P/E

17.8x

P/S

2.1x

P/B

1.6x

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

How this company scores

AverageMetricSide Score: 47/100

Strongest: Profitability (21/25); weakest: Cash & Earnings Quality (1/25).

Profitability21/25

Growth16/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality1/25

Strengths

Strong marginsProfit converts from growthConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.8x5y range 12.5x – 21.6x

Currently near its 20-quarter median.

P/S · 2.1x5y range 1.7x – 2.3x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.2x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 4 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $11.60B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.55B
Q. Revenue: $1.46B
TTM EBITDA: $2.62B
TTM Op. Income: $1.14B
Q. Op. Income: $305.67M
TTM Net Income: $650.99M
Q. Net Income: $180.77M
EPS: $1.47
Shares Out.: $121.31M

$5.55B in TTM revenue grew 5.7% YoY, reaching $1.46B last quarter. TTM EBITDA of $2.62B and TTM operating income of $1.14B show growth is flowing through to the bottom line. TTM net income of $650.99M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 38.7%
Op. Margin: 21.0%
Net Margin: 12.4%

Op. margin of 21.0% is down 1.6% YoY — costs are rising relative to revenue. Net margin at 12.4% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.8x
P/S Ratio: 2.1x
P/B Ratio: 1.6x

At 17.8x P/E, the stock trades within typical market levels. P/S of 2.1x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 1% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $32.58B
Cash: $9.12M
Long-Term Debt: $9.78B
Book Value: $7.08B
D/E Ratio: 1.4
Debt/EBITDA: 17.4

With $32.58B in assets and $9.78B in long-term debt, D/E is 1.4and book value is $7.08B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 6 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $393.98M
TTM Free Cash Flow: $-878.54M
FCF Margin: -15.8%
FCF / Net Income: -1.3

TTM FCF of $-878.54M on $393.98M in operating cash flow. The FCF / Net Income ratio of -1.3x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 11% — an improving trend.