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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:ShareBasedCompensation.

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Allowance for equity funds used during construction(14,782)(13,249)
Deferred income taxes3,245795
Deferred investment tax credit(1,090)36
Stock compensation8,2527,160
Changes in current assets and liabilities:
Customer and other receivables79,21593,800
Accrued unbilled revenues(34,891)134
Materials, supplies and fossil fuel2,000(2,770)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's stock-based comp?
Pinnacle West Capital (PNW) reported stock-based comp of $8.25M in Q1 2026.
How has Pinnacle West Capital's stock-based comp changed year-over-year?
Pinnacle West Capital's stock-based comp increased by 15.3% year-over-year, from $7.16M to $8.25M.
What is the long-term trend for Pinnacle West Capital's stock-based comp?
Over 4 years (2021 to 2025), Pinnacle West Capital's stock-based comp has grown at a 10.4% compound annual growth rate (CAGR), from $18.46M to $27.46M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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