PINNACLE WEST CAPITAL CORP(PNW)Stock Analysis
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Rank #1,154 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PNW Stock Analysis & AI Quality Score
AI stock analysis and institutional research for PINNACLE WEST CAPITAL CORP (PNW), a Utilities sector company. 13F Pro's AI-powered ranking engine scores PNW at 55.5/100 on a 32-signal composite quality model, placing it at rank #1,154 of 2,879 stocks — the top half of the AI-ranked universe. PNW scores in the top quartile across revenue scale (79.0). Areas of concern include free cash flow (14.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), PINNACLE WEST CAPITAL CORP reports quarterly revenue of $1.1B, net income of $35.1M, free cash flow of $-393.1M. Top institutional holders of PNW by reported 13-F value include Capital Research Global Investors, BlackRock,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PNW trades on the NYSE exchange and files with the SEC under CIK 764622. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PNW daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PINNACLE WEST CAPITAL CORP directly from SEC EDGAR. PINNACLE WEST CAPITAL CORP's 13F Pro composite quality score has ranged between 8 and 69 since 2021, currently 55.5 — a stable long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$1.1B
Net Income
Q1 2026
$35.1M
Free Cash Flow
Q1 2026
$-393.1M
ROIC
Q1 2026
0.8%
D/E Ratio
Q1 2026
1.56
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+4.2% YoYOperating Income
+5.5% YoYEPS (Diluted)
-3.6% YoYTotal Assets
+15.1% YoYTotal Debt
+12.0% YoYOp. Cash Flow
+12.1% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $5.34B +4.2% | $5.12B +9.1% | $4.70B +8.6% | $4.32B +13.7% | $3.80B +6.0% | $3.59B |
| Operating Income | $1.07B +5.5% | $1.01B +22.7% | $824.6M +12.7% | $731.9M -9.1% | $805.3M +2.2% | $788.2M |
| EPS (Diluted) | $5.05 -3.6% | $5.24 +18.8% | $4.41 +3.5% | $4.26 -22.1% | $5.47 +12.3% | $4.87 |
| Total Assets | $30.03B +15.1% | $26.10B +5.8% | $24.66B +8.5% | $22.72B +3.3% | $22.00B +9.9% | $20.02B |
| Total Debt | $10.56B +12.0% | $9.43B +4.5% | $9.03B +11.7% | $8.08B +12.2% | $7.21B +11.1% | $6.48B |
| Operating Cash Flow | $1.81B +12.1% | $1.61B +33.3% | $1.21B -2.7% | $1.24B +44.4% | $860.0M -11.0% | $966.4M |
AI Insight: PNW Financial Trends
PNW grows revenue and operating income year-over-year but total debt has surged 28% since Q2 2024, compressing the equity cushion.
• Revenue grew year-over-year in each comparable quarter: Q3 2025 $1,821M vs Q3 2024 $1,769M; Q1 2026 $1,150M vs Q1 2025 $1,032M.
• Operating income improved year-over-year in Q3 2025 ($582M vs $547M) and Q1 2026 ($131M vs $57M), suggesting modest efficiency gains.
• Total debt rose from $8,588M in Q2 2024 to $10,996M in Q1 2026, a 28% increase over six quarters with no offsetting equity growth.
• Operating cash flow in Q1 2026 fell to $235M, the lowest since Q2 2024's $190M, reversing sequential improvement seen through Q3 2025.
⚠ Debt-to-equity ratio reached 1.56x in Q1 2026 (up from 1.38x in Q2 2024) — rising leverage warrants close monitoring.
⚠ Q1 2026 operating cash flow of $235M versus $402M in Q1 2025 — a sharp year-over-year decline worth tracking.
⚠ Equity has been range-bound ($6,727M–$7,168M) while debt climbs; equity base stability into rising debt is a key balance-sheet inflection point.
AI Insight: PNW Ratio Trends
Seasonal utility profit patterns intact but rising leverage and ROIC compression versus year-ago peaks warrant close monitoring.
• Operating margin follows a sharp seasonal pattern: Q3 peaks (30.9% in Q3 2024, 32.0% in Q3 2025) dwarf Q1 troughs (5.5% in Q1 2025, 11.4% in Q1 2026).
• ROIC declined year-over-year in Q2 2025 (7.2% vs. 8.5%) and Q3 2025 (13.2% vs. 14.3%), signaling modest profitability erosion across peak seasons.
• Debt-to-equity has risen steadily from 1.31 in Q3 2024 to 1.56 in Q1 2026, reflecting increasing balance sheet leverage.
⚠ D/E at 1.56 — highest in the dataset — as rising interest costs could further pressure already-thin off-peak margins.
⚠ Q1 2026 operating margin improved to 11.4% from Q1 2025's 5.5%; confirm whether this reflects structural improvement or one-off items.
⚠ TTM ROIC of 6.3% lags all individual Q2/Q3 quarterly peaks — watch whether full-year 2026 cycle closes that gap.
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Available Research
13F Pro tracks comprehensive data for PINNACLE WEST CAPITAL CORP including:
Top Institutional Holders of PNW
Capital Research Global Investors
$1.7B16,436,894 shBlackRock, Inc.
$1.2B11,768,580 shVANGUARD CAPITAL MANAGEMENT LLC
$786.0M7,801,440 shBARROW HANLEY MEWHINNEY & STRAUSS LLC
$705.3M7,000,617 shSTATE STREET CORP
$696.3M6,911,189 shVANGUARD PORTFOLIO MANAGEMENT LLC
$603.3M5,988,566 shATLAS Infrastructure Partners (UK) Ltd.
$511.2M5,074,413 shInvesco Ltd.
$428.2M4,250,293 shSoroban Capital Partners LP
$388.4M3,854,815 shGEODE CAPITAL MANAGEMENT, LLC
$315.2M3,134,043 sh
| Fund | Value | Shares |
|---|---|---|
| Capital Research Global Investors | $1.7B | 16,436,894 |
| BlackRock, Inc. | $1.2B | 11,768,580 |
| VANGUARD CAPITAL MANAGEMENT LLC | $786.0M | 7,801,440 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $705.3M | 7,000,617 |
| STATE STREET CORP | $696.3M | 6,911,189 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $603.3M | 5,988,566 |
| ATLAS Infrastructure Partners (UK) Ltd. | $511.2M | 5,074,413 |
| Invesco Ltd. | $428.2M | 4,250,293 |
| Soroban Capital Partners LP | $388.4M | 3,854,815 |
| GEODE CAPITAL MANAGEMENT, LLC | $315.2M | 3,134,043 |
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Popular Research
Is PNW a good stock to buy?
13F Pro's AI-powered analysis of PINNACLE WEST CAPITAL CORP (PNW) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PNW are available on the PNW stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PNW?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PNW. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PINNACLE WEST CAPITAL CORP's investment landscape.