Pinnacle West Capital (PNW)

Utilities · Utilities - Regulated Electric · S&P 500
$98.04 +2.17% on the day Market cap $12.2B 52-week range $86.18 to $111.16 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Pinnacle West Capital's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from PNW's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability6
Growth2
Financial health1
Cash efficiency0

Key numbers

P/E (trailing)18.7x
P/E (forward)20.9x
Price / free cash flow—
EV / EBITDA12.3x
Price / sales2.19x
Price / book1.68x
Revenue growth+7.1%
Operating margin20.5%
Net margin11.5%
Return on equity9.1%
Dividend yield3.7%
Debt / equity3.63x

Results from SEC filings

Fiscal years, from Pinnacle West Capital's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$3.8B$4.3B$4.7B$5.1B$5.3B
Net income$619M$484M$502M$609M$617M
Free cash flow-$613M-$466M-$639M-$639M-$820M
EPS (diluted)$5.47$4.26$4.41$5.24$5.05
Operating margin21.2%16.9%17.6%19.7%20.0%

Where the revenue comes from

Revenue by products, fiscal 2025.

Electric and Transmission Service$5.3B100%
Other Sources$17M0%

Superinvestors who own PNW

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held PNW in their latest 13F.

Insider buying

Open-market purchases by Pinnacle West Capital's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of PNW in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Pinnacle West Capital insiders buying the stock?

No open-market insider purchases of PNW in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.