PNW
Pinnacle West Capital
$101.97
▲ 1.1%Updated Aug 7, 11:30 AM ET
PNW at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 50/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 15.6% over the last 12 months
Market Cap
$13.25B
P/E
19.02x
Forward P/E (est.)
17.86x
ROE
9.3%
Revenue Growth
4.8%
EPS Growth
6.5%
Profit Margin
12.0%
FCF Yield
11.0%
Debt / Equity
1.5x
ROIC
8.0%
Interest Coverage
3.22x
Current Ratio
0.6x
Dividend Yield
3.5%
Implied Growth (rev. DCF)
—
Rating Score
50/100
Pinnacle West Capital (PNW) is a large-cap company in the Multi-Utilities industry, part of the Utilities sector of the S&P 500, with a market value around $13.25B.
In its latest reported year it generated about $5.34B in revenue.
Our model rates PNW Neutral (50/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
19.1% average over the last 3 years
±2.5 pts around 20.7% across 10 years
grew in 8 of the last 9 year-over-year periods
positive in 1 of 10 years
8.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what PNW's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. PNW trades near $101.97, around its 50-day average ($102.31) and 200-day average ($95.64). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 75 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. PNW's is $1.80 (~1.8% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month PNW found buyers near $98.67 (support) and sellers near $109.52 (resistance); its 52-week range is $85.32–$109.52. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.8× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
8.9%
Revenue moved from $3.50B in 2016 to $5.34B in 2025, a 4.8% compound annual growth rate. The most recent year was roughly flat (4.8%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
—
Operating Margin
20.0%
Net Margin
12.0%
ROE
9.3%
Pinnacle West Capital keeps about 12.0% of each sales dollar as net profit. Return on equity is 9.3% and return on invested capital about 8.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$3.34B
Net Debt
$3.33B
Net Debt / EBITDA
3.12x
Debt / Equity
1.5x
Leverage: debt-to-equity is 1.5x, and operating profit covers interest about 3.2x, with a current ratio of 0.6x. That is a moderate, manageable debt load for most businesses. It carries roughly $3.34B of total debt against $6.41M of cash.
Operating CF
$1.81B
Free Cash Flow
-$819.52M
FCF Margin
-15.3%
In the latest year Pinnacle West Capital produced about $1.81B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 11.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
3.5%
Per share (latest FY)
$3.61
Total paid (latest FY)
$422.79M
History on record
10 years
free cash flow was negative in the latest year — the dividend is being financed
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
19.02x
P/S
2.37x
P/B
1.48x
EV / EBITDA
—
PNW trades at 19.0x trailing earnings (about 17.9x on estimated forward earnings), 2.4x sales, and 1.5x book value. That is a fairly typical valuation for a profitable company.
Where PNW sits versus its Utilities sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 38 Utilities companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How PNW stacks up against its Utilities peers — valuation, profitability, and growth versus the sector median.
In the Utilities sector (47 S&P 500 companies), PNW ranks #25 of 47 by our overall rating. It trades at roughly in line versus the sector on earnings (19x P/E vs. 21.3x median) with a lower return on equity (9.3% vs. 10.3%) and slower revenue growth (4.8% vs. 8.8%).
P/E vs sector
19x
median 21.3x
ROE vs sector
9.3%
median 10.3%
Growth vs sector
4.8%
median 8.8%
Sector rank
#25
of 47 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Utilities companies by sub-industry and size. Sector median is across all 47 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $101.97 today · expected CAGR -7% – 3%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $5.61B | $5.89B | $6.18B | $6.49B | $6.82B |
| Net income | $672.83M | $706.47M | $741.80M | $778.89M | $817.83M |
| EPS | $5.18 | $5.44 | $5.71 | $5.99 | $6.29 |
| Share price (low) | $56.94 | $59.79 | $62.78 | $65.92 | $69.21 |
| Share price (high) | $98.35 | $103.27 | $108.43 | $113.85 | $119.55 |
| CAGR (low–high) | -44% / -4% | -23% / 1% | -15% / 2% | -10% / 3% | -7% / 3% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for PNW:
- Healthy free-cash-flow yield (~11.0%) funds buybacks and dividends.
- Pays a 3.5% dividend on top of any price gains.
The case against PNW:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 1.5x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Pinnacle West Capital is a large-cap utilities business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at 19.0x earnings, which our model scores Neutral (50/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 22 Wall Street analysts covering PNW recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
PNW's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
PNW — frequently asked questions
Is PNW a good stock to buy?
We don't give buy or sell advice. Our model rates Pinnacle West Capital Neutral (50/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is PNW's rating on The Stocks School?
Pinnacle West Capital currently scores 50/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does PNW's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Pinnacle West Capital's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for PNW calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this PNW analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell PNW. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.