PNWPINNACLE WEST CAPITAL CORP
Electric Services
- Revenue
- $5.3B
- 4.2% YoY
- Operating margin
- 20.0%
- 1.2% YoY
- EBITDA
- $2.0B
- 3.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.4×
- $2.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear516% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.8B | $4.3B | $4.7B | $5.1B | $5.3B | 4.2% |
| Operating income | $805M | $732M | $825M | $1.0B | $1.1B | 5.5% |
| Operating cash flow | $860M | $1.2B | $1.2B | $1.6B | $1.8B | 12% |
| Capex | $1.5B | $1.7B | $1.8B | $2.2B | $2.6B | 17% |
| Stock-based comp | $18M | $16M | $17M | $24M | $27M | 17% |
| Buybacks | — | $3M | $4M | — | — | |
| Dividends | $369M | $379M | $386M | $395M | $423M | 7.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.