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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%
CapEx$628.4M+0.9%
Free cash flow-$393.1M-78.1%

Valuation

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Market cap$12.22B+10.6%
Enterprise value$27.36B+9.3%
P/E18.3×-0.2×
P/S2.2×+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:RetainedEarningsAccumulatedDeficit.

The source filing: Pinnacle West Capital’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 8:24 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000764622-26-000025
Line itemMarch 31,2026December 31,2025
Common stock, no par value; 300,000,000 shares authorized, 121,233,629 and 120,950,839 shares issued at respective dates3,219,6913,231,372
Treasury stock at cost; 46,968 and 46,968 shares at respective dates(3,323)(3,323)
Total common stock3,216,3683,228,049
Retained earnings3,883,7383,850,817
Accumulated other comprehensive loss (Note 16)(31,949)(32,408)
Total shareholders’ equity7,068,1577,046,458
Noncontrolling interests (Note 9)42,81140,617
Total equity7,110,9687,087,075

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's retained earnings?
Pinnacle West Capital (PNW) reported retained earnings of $3.88B in Q1 2026.
How has Pinnacle West Capital's retained earnings changed year-over-year?
Pinnacle West Capital's retained earnings increased by 6.0% year-over-year, from $3.66B to $3.88B.
What is the long-term trend for Pinnacle West Capital's retained earnings?
Over 5 years (2020 to 2025), Pinnacle West Capital's retained earnings has grown at a 4.9% compound annual growth rate (CAGR), from $3.03B to $3.85B.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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