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Pinnacle West Capital PNW Accumulated Deferred Investment Tax Credit

Accumulated Deferred Investment Tax Credit at other companies

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$117M-3.3%
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$2.05B

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:AccumulatedDeferredInvestmentTaxCredit.

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 accumulated deferred investment tax credit?
Pinnacle West Capital (PNW) reported accumulated deferred investment tax credit of $307.17M in Q1 2026.
How has Pinnacle West Capital's accumulated deferred investment tax credit changed year-over-year?
Pinnacle West Capital's accumulated deferred investment tax credit increased by 23.1% year-over-year, from $249.53M to $307.17M.
What is the long-term trend for Pinnacle West Capital's accumulated deferred investment tax credit?
Over 5 years (2020 to 2025), Pinnacle West Capital's accumulated deferred investment tax credit has grown at a 10.0% compound annual growth rate (CAGR), from $191.37M to $308.26M.
What does accumulated deferred investment tax credit mean?
Tax credits received for investments that are being spread out as income over time.
How do you interpret accumulated deferred investment tax credit?
A steady balance reflects ongoing amortization, while changes indicate new investment activity or regulatory adjustments.
How does accumulated deferred investment tax credit compare across companies?
Specific to regulated utilities and capital-intensive sectors benefiting from long-term tax incentives.