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Other financials

Income statement

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Revenue$1.1B+11.4%
Gross profit$712.9M+9.3%
Operating income$131.2M+129%
Net income$35.1M+10,489%
EPS (diluted)$0.27+775%

Balance sheet

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Cash & equivalents$6.4M-36.2%
Total debt$15.1B+24.8%
Total equity$7.1B+4.9%
Total assets$30.7B+12.7%

Cash flow

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Operating cash flow$235.3M-41.5%
Free cash flow-$393.1M-78.1%

Valuation

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Market cap$12.4B+7.4%
Enterprise value$27.54B+16.4%
P/E18.6×-0.4×
P/S2.3×+0.1×

Profitability

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Gross margin63.5%-1.0pp
Operating margin20.9%+1.7pp
Net margin12.2%+0.6pp
FCF margin-18.9%+14.3pp

Returns & leverage

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Return on equity9.7%+0.3pp
Debt / equity2.1×+0.3×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Pinnacle West Capital in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Pinnacle West Capital’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pinnacle West Capital's capex?
Pinnacle West Capital (PNW) reported capex of $628.36M in Q1 2026.
How has Pinnacle West Capital's capex changed year-over-year?
Pinnacle West Capital's capex increased by 0.9% year-over-year, from $622.55M to $628.36M.
What is the long-term trend for Pinnacle West Capital's capex?
Over 4 years (2021 to 2025), Pinnacle West Capital's capex has grown at a 15.5% compound annual growth rate (CAGR), from $1.47B to $2.62B.
What does capex mean?
The amount of money spent on physical assets and infrastructure.
How do you interpret capex?
High levels indicate significant investment in growth or maintenance, while low levels may indicate under-investment.
How does capex compare across companies?
High for utilities and industrial firms; low for software or service-based companies.