Pinnacle West Capital Corp
Research Pinnacle West Capital Corp (PNW) on Bullrun: valuation model: 8.6% undervalued, market cap USD 11.84B, P/E 18.7, dividend yield 3.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPNW
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal8.6% undervalued
- Market capUSD 11.84B
- P/E18.7
- Dividend yield3.7%
- Financial periodQ2 2026
- RevenueUSD 1.46B
- Net incomeUSD 178.57M
- Free cash flow-USD 334.69M
- Gross margin42.2%
Valuation Snapshot
Bullrun's latest valuation model marks Pinnacle West Capital Corp as 8.6% undervalued; latest market cap is USD 11.84B; P/E is 18.7; dividend yield is 3.7%.
Peer valuation comparison
Latest P/E is 18.73x versus a Utilities sector median of 17.14x (9.3% above).
Latest dividend yield is 3.72% versus a Utilities sector median of 3.61% (3.0% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 5.34B | USD 631.64M | -USD 819.52M | 41.6% | 5.05 | USD 6.60M | USD 9.81B | USD 7.05B |
| FY2024 | USD 5.12B | USD 626.03M | -USD 639.37M | 41.7% | 5.24 | USD 3.84M | USD 8.86B | USD 6.75B |
| FY2023 | USD 4.70B | USD 518.78M | -USD 638.67M | n/a | 4.41 | USD 4.96M | USD 8.42B | USD 6.18B |
| FY2022 | USD 4.32B | USD 500.83M | -USD 466.05M | n/a | 4.26 | USD 4.83M | USD 8.08B | USD 6.05B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 11.84B | 18.7 | 3.7% | 3.64 |
| 2025 | 2025-12-31 | USD 10.72B | 17.5 | 4.1% | 3.61 |
| 2024 | 2024-12-31 | USD 10.10B | 16.2 | 4.2% | 3.54 |
| 2023 | 2023-12-29 | USD 8.15B | 17.1 | 4.9% | 3.49 |
| 2022 | 2022-12-30 | USD 8.60B | 16.1 | 4.5% | 3.42 |
| 2021 | 2021-12-31 | USD 7.97B | 12.9 | 4.7% | 3.34 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.64 USD, yield 3.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.61 USD |
| FY2024 | 3.55 USD |
| FY2023 | 3.49 USD |
| FY2022 | 3.43 USD |
About Pinnacle West Capital Corp
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.
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Frequently asked questions
Is Pinnacle West Capital Corp overvalued or undervalued?
Bullrun's valuation model currently marks Pinnacle West Capital Corp as 8.6% undervalued.
What is Pinnacle West Capital Corp's market cap?
Pinnacle West Capital Corp's market capitalization is USD 11.84B.
What is Pinnacle West Capital Corp's P/E ratio?
Pinnacle West Capital Corp's price-to-earnings (P/E) ratio is 18.7.
Does Pinnacle West Capital Corp pay a dividend?
Pinnacle West Capital Corp has a dividend yield of 3.7%.
What does Pinnacle West Capital Corp do?
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities.