Pinnacle West Capital Corporation (PNW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 1.15B | 1.13B | 1.82B | 1.36B | 1.03B | 1.1B | 1.77B | 1.31B | 951.71M | 991.57M | 1.64B | 1.12B | 944.96M | 1.01B | 1.47B | 1.06B | 783.53M | 798.86M | 1.31B | 1B |
| Revenue Growth % | 11.36% | 2.99% | 2.94% | 3.8% | 8.47% | 10.47% | 8% | 16.7% | 0.72% | -1.76% | 11.42% | 5.65% | 20.6% | 26.34% | 12.35% | 6.14% | 12.5% | 7.81% | 4.28% | 7.6% |
| Cost of Revenue | 436.73M | 922.09M | 1.11B | 763.61M | 680.18M | 723.4M | 939.44M | 709.44M | 615.44M | 657.27M | 864.54M | 684.99M | 644.58M | 727M | 808.23M | 597.57M | 483.61M | 518.97M | 659.84M | 499.52M |
| Gross Profit | 712.87M | 206.07M | 707.97M | 595.14M | 352.1M | 372.01M | 829.36M | 599.56M | 336.27M | 334.31M | 773.22M | 436.71M | 300.37M | 282.32M | 661.64M | 464.1M | 299.92M | 279.88M | 648.42M | 500.72M |
| Gross Margin % | 62.01% | 18.27% | 38.88% | 43.8% | 34.11% | 33.96% | 46.89% | 45.8% | 35.33% | 33.71% | 47.21% | 38.93% | 31.79% | 27.97% | 45.01% | 43.71% | 38.28% | 35.04% | 49.56% | 50.06% |
| Gross Profit Growth % | 102.46% | -44.61% | -14.64% | -0.74% | 4.71% | 11.28% | 7.26% | 37.29% | 11.95% | 18.41% | 16.86% | -5.9% | 0.15% | 0.87% | 2.04% | -7.32% | 11.83% | 13.6% | -2.4% | 6.13% |
| Operating Expenses | 311.5M | 61.1M | 58.75M | 287.59M | 294.88M | 287.47M | 282.37M | 285.81M | 269.48M | 259.93M | 256.96M | 253.43M | 249.65M | 245.57M | 244.06M | 241M | 245.43M | 229.87M | 219.04M | 222.34M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 641.22M | 382.95M | 888.63M | 549.13M | 307.87M | 329.13M | 793.03M | 552.88M | 293.2M | 292.29M | 735.84M | 391.16M | 259.49M | 241.61M | 625.4M | 424.58M | 258.13M | 236.82M | 611.18M | 452.51M |
| EBITDA Margin % | 55.78% | 33.94% | 48.81% | 40.41% | 29.82% | 30.05% | 44.83% | 42.24% | 30.81% | 29.48% | 44.93% | 34.87% | 27.46% | 23.94% | 42.55% | 39.99% | 32.94% | 29.64% | 46.72% | 45.24% |
| EBITDA Growth % | 108.27% | 16.35% | 12.06% | -0.68% | 5% | 12.6% | 7.77% | 41.34% | 12.99% | 20.98% | 17.66% | -7.87% | 0.53% | 2.02% | 2.33% | -6.17% | 15.27% | 17.61% | -2.61% | 4.78% |
| Depreciation & Amortization | 239.86M | 237.97M | 239.42M | 241.57M | 250.65M | 244.6M | 246.04M | 239.13M | 226.41M | 217.91M | 219.57M | 207.88M | 208.77M | 204.86M | 207.83M | 201.49M | 203.64M | 186.8M | 181.81M | 174.13M |
| D&A / Revenue % | 20.86% | 21.09% | 13.15% | 17.78% | 24.28% | 22.33% | 13.91% | 18.27% | 23.79% | 21.98% | 13.41% | 18.53% | 22.09% | 20.3% | 14.14% | 18.98% | 25.99% | 23.38% | 13.9% | 17.41% |
| Operating Income (EBIT) | 401.36M | 144.98M | 649.21M | 307.55M | 57.22M | 84.54M | 546.99M | 313.75M | 66.79M | 74.38M | 516.26M | 183.28M | 50.72M | 36.75M | 417.57M | 223.09M | 54.49M | 50.02M | 429.37M | 278.39M |
| Operating Margin % | 34.91% | 12.85% | 35.66% | 22.63% | 5.54% | 7.72% | 30.92% | 23.97% | 7.02% | 7.5% | 31.52% | 16.34% | 5.37% | 3.64% | 28.41% | 21.01% | 6.95% | 6.26% | 32.82% | 27.83% |
| Operating Income Growth % | 601.42% | 71.49% | 18.69% | -1.97% | -14.33% | 13.66% | 5.95% | 71.18% | 31.7% | 102.39% | 23.63% | -17.85% | -6.93% | -26.52% | -2.75% | -19.86% | 14.64% | 62.14% | -5.63% | 6.31% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.31x | 1.15x | 5.46x | 3.27x | 0.93x | 0.97x | 5.83x | 3.46x | 1.29x | 1.08x | 6.23x | 2.56x | 1.03x | 0.59x | 7.04x | 4.14x | 1.42x | 1.47x | 8.07x | 5.62x |
| Interest / Revenue % | 0.09% | 0.09% | 0.05% | 0.07% | 0.1% | 0.09% | 0.06% | 0.08% | 0.11% | 0.1% | 0.06% | 0.09% | 0.11% | 0.1% | 0.07% | 0.09% | 0.13% | 0.13% | 0.08% | 0.1% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 36.28M | 17.59M | 495.41M | 231.89M | -6.52M | -2.53M | 473.5M | 240.53M | 25.06M | 7.07M | 459.56M | 126.87M | 2.19M | -28.44M | 383.36M | 195.31M | 25.42M | 27.9M | 415.97M | 266M |
| Pretax Margin % | 3.16% | 1.56% | 27.21% | 17.07% | -0.63% | -0.23% | 26.77% | 18.38% | 2.63% | 0.71% | 28.06% | 11.31% | 0.23% | -2.82% | 26.08% | 18.4% | 3.24% | 3.49% | 31.8% | 26.59% |
| Income Tax | 1.17M | -3K | 77.89M | 35.02M | -6.18M | -10K | 74.23M | 32.42M | 3.89M | 2.79M | 57.05M | 15.9M | 1.18M | -8.75M | 52.73M | 26.69M | 4.16M | -3.99M | 71.86M | 46.56M |
| Effective Tax Rate % | 3.22% | -0.02% | 15.72% | 15.1% | 94.82% | 0.4% | 15.68% | 13.48% | 15.53% | 39.42% | 12.41% | 12.53% | 53.97% | 30.77% | 13.75% | 13.66% | 16.37% | -14.29% | 17.28% | 17.5% |
| Net Income | 32.92M | 15.4M | 413.21M | 192.56M | -4.64M | -6.83M | 394.97M | 203.81M | 16.86M | -23K | 398.21M | 106.66M | -3.3M | -23.99M | 326.33M | 164.31M | 16.96M | 27.58M | 339.8M | 215.7M |
| Net Margin % | 2.86% | 1.37% | 22.69% | 14.17% | -0.45% | -0.62% | 22.33% | 15.57% | 1.77% | -0% | 24.31% | 9.51% | -0.35% | -2.38% | 22.2% | 15.48% | 2.16% | 3.45% | 25.97% | 21.56% |
| Net Income Growth % | 808.87% | 325.62% | 4.62% | -5.52% | -127.54% | -29582.61% | -0.82% | 91.07% | 611.43% | 99.9% | 22.03% | -35.09% | -119.44% | -186.98% | -3.96% | -23.82% | -52.43% | 242.25% | -1.9% | 11.42% |
| EPS (Diluted) | 0.27 | 0.12 | 3.39 | 1.58 | -0.04 | -0.06 | 3.37 | 1.76 | 0.15 | -0.00 | 3.50 | 0.94 | -0.03 | -0.21 | 2.88 | 1.45 | 0.15 | 0.24 | 3.00 | 1.91 |
| EPS Growth % | 775% | 300% | 0.59% | -10.23% | -126.67% | - | -3.71% | 87.23% | 600% | 99.9% | 21.53% | -35.17% | -120% | -187.5% | -4% | -24.08% | -53.13% | 241.18% | -2.28% | 11.7% |
| EPS (Basic) | 0.27 | 0.13 | 3.45 | 1.61 | -0.04 | -0.06 | 3.47 | 1.79 | 0.15 | -0.00 | 3.51 | 0.94 | -0.03 | -0.21 | 2.88 | 1.45 | 0.15 | 0.24 | 3.01 | 1.91 |
| Diluted Shares Outstanding | 123.78M | 121.97M | 121.96M | 121.86M | 119.59M | 114.34M | 117.12M | 115.8M | 114.23M | 114.06M | 113.84M | 113.72M | 113.36M | 113.3M | 113.46M | 113.37M | 113.3M | 113.23M | 113.22M | 113.22M |