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Contract Assets at other companies

GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
$1.16B+24.5%
ATI logo
ATIATI
$38.6M
WAT
Waters CorporationWAT
$138M+66.3%
Tenet Healthcare logo
Tenet HealthcareTHC
$13M-18.8%
Teledyne Technologies logo
Teledyne TechnologiesTDY
$15.63M+544%
Accenture logo
AccentureACN
$16.04B+6.2%

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%
CapEx$628.4M+0.9%
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:ContractWithCustomerAssetNetCurrent.

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 contract assets?
Pinnacle West Capital (PNW) reported contract assets of $208.58M in Q1 2026.
How has Pinnacle West Capital's contract assets changed year-over-year?
Pinnacle West Capital's contract assets increased by 18.0% year-over-year, from $176.77M to $208.58M.
What is the long-term trend for Pinnacle West Capital's contract assets?
Over 5 years (2020 to 2025), Pinnacle West Capital's contract assets has grown at a 5.6% compound annual growth rate (CAGR), from $132.2M to $173.69M.
What does contract assets mean?
Revenue earned for work performed that cannot yet be billed to the customer.
How do you interpret contract assets?
An increase indicates growing unbilled service delivery, while a decrease suggests successful conversion of unbilled work into formal accounts receivable.
How does contract assets compare across companies?
Common in industries with long-term projects or complex service contracts; standard for regulated utilities with unbilled cycle adjustments.