Pinnacle West Capital Corporation (PNW) Earnings History
Profitable32 years of earnings data (1994–2025) · Positive TTM net income
Loading earnings history...
Pinnacle West Capital Corporation (PNW) Earnings Overview
As of July 8, 2026, Pinnacle West Capital Corporation (PNW) reported trailing twelve-month net income of $654M, reflecting -3.6% year-over-year growth. The company earned $5.28 per diluted share over the past four quarters, with a net profit margin of 11.5%.
Looking at the long-term picture, PNW's 5-year EPS compound annual growth rate (CAGR) stands at +0.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $619M in fiscal 2021.
Pinnacle West Capital Corporation maintains positive profitability with a gross margin of 25.4%, operating margin of 20.9%, and net margin of 11.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including AEE ($1.52B net income, 16.5% margin), WEC ($1.64B net income, 15.9% margin), EVRG ($882M net income, 14.5% margin), PNW has room to improve margins relative to the peer group. Compare PNW vs AEE →
PNW Earnings vs Peers
Earnings metrics vs comparable public companies
PNW Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $617M | +1.3% | $1.12B | $5.05 | 11.5% | 20.9% |
| 2024 | $609M | +21.4% | $1.01B | $5.24 | 11.9% | 19.7% |
| 2023 | $502M | +3.7% | $825M | $4.41 | 10.7% | 17.6% |
| 2022 | $484M | -21.8% | $732M | $4.26 | 11.2% | 16.9% |
| 2021 | $619M | +12.4% | $805M | $5.47 | 16.3% | 21.2% |
| 2020 | $551M | +2.3% | $788M | $4.87 | 15.3% | 22.0% |
| 2019 | $538M | +5.3% | $672M | $4.77 | 15.5% | 19.4% |
| 2018 | $511M | +4.6% | $774M | $4.54 | 13.8% | 21.0% |
| 2017 | $488M | +10.5% | $910M | $4.35 | 13.7% | 25.5% |
| 2016 | $442M | +1.1% | $836M | $3.95 | 12.6% | 23.9% |
| 2015 | $437M | +10.0% | $855M | $3.92 | 12.5% | 24.4% |
| 2014 | $398M | -2.1% | $811M | $3.58 | 11.4% | 23.2% |
| 2013 | $406M | +6.4% | $846M | $3.66 | 11.8% | 24.5% |
| 2012 | $382M | +12.4% | $852M | $3.45 | 11.6% | 25.8% |
| 2011 | $339M | -3.0% | $747M | $3.09 | 10.5% | 23.0% |
| 2010 | $350M | +412.3% | $715M | $3.27 | 10.7% | 21.9% |
| 2009 | $68M | -71.8% | $616M | $0.67 | 2.1% | 18.7% |
| 2008 | $242M | -21.2% | $505M | $2.40 | 7.2% | 15.0% |
| 2007 | $307M | -6.1% | $619M | $3.05 | 8.7% | 17.6% |
| 2006 | $327M | +85.7% | $619M | $3.27 | 9.6% | 18.2% |
| 2005 | $176M | -27.5% | $515M | $1.82 | 5.9% | 17.2% |
| 2004 | $243M | +1.1% | $518M | $2.66 | 8.4% | 17.9% |
| 2003 | $241M | +61.0% | $473M | $2.63 | 8.5% | 16.8% |
| 2002 | $149M | -52.1% | $551M | $1.76 | 5.7% | 20.9% |
| 2001 | $312M | +3.3% | $676M | $3.68 | 6.9% | 14.9% |
| 2000 | $302M | +80.1% | $676M | $3.56 | 8.2% | 18.3% |
| 1999 | $168M | -30.9% | $579M | $1.97 | 6.9% | 23.9% |
| 1998 | $243M | +3.0% | $567M | $2.85 | 11.4% | 26.6% |
| 1997 | $236M | +30.1% | $558M | $2.74 | 11.8% | 28.0% |
| 1996 | $181M | -3.6% | $544M | $2.06 | 10.0% | 29.9% |
| 1995 | $188M | -6.3% | $563M | $2.15 | 11.3% | 33.7% |
| 1994 | $201M | - | $534M | $2.30 | 11.9% | 31.7% |
Download Data
Export PNW earnings history in CSV or JSON format
Free sign-in required to download data
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PNW — Frequently Asked Questions
Quick answers to the most common questions about buying PNW stock.
What is PNW earnings per share (EPS)?
PNW trailing twelve-month (TTM) diluted EPS is $5.28, reflecting -3.6% year-over-year growth. The 5-year EPS CAGR is +0.7%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is Pinnacle West Capital Corporation's net income?
Pinnacle West Capital Corporation (PNW) trailing twelve-month net income is $654M as of 2025. Earnings declined -3.6% year-over-year. Pinnacle West Capital Corporation has been profitable for 32 consecutive years.
Is PNW profitable?
Yes, PNW is profitable with a TTM net income of $654M and a net profit margin of +11.5%. Pinnacle West Capital Corporation has generated profits for 32 consecutive years.
What is PNW's earnings growth rate?
PNW compound annual EPS growth rates (CAGR): 1-Year: -3.6%, 3-Year: +5.8%, 5-Year: +0.7%, 10-Year: +2.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are PNW's profit margins?
Pinnacle West Capital Corporation net profit margin is +11.5%, operating margin is +20.9%, and gross margin is +25.4%. Margins are within a typical range for the sector. Return on Equity is +8.8%.
Is PNW growing earnings?
PNW earnings growth is slowing. Current YoY EPS growth of -3.6% trails the 5-year CAGR of +0.7%. TTM net income is $654M.
What was PNW's best earnings year?
Pinnacle West Capital Corporation's highest annual net income on record is $619M, achieved in fiscal year 2021. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were PNW's earnings last quarter?
PNW's most recent reported quarter was Q1 2026. Net income was $33M with diluted EPS of $0.27. For a full breakdown of all quarters, see the quarterly earnings table on this page.