PINNACLE WEST CAPITAL CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $5.3B | $5.1B | $4.7B | $4.3B | $3.8B |
| Operating income | $1.1B | $1.0B | $824.6M | $731.9M | $805.3M |
| Interest expense | $422.0M | $377.5M | $331.3M | $255.5M | $233.3M |
| Pretax income | $738.4M | $736.6M | $595.7M | — | — |
| Income tax expense | $106.7M | $110.5M | $76.9M | $74.8M | $110.1M |
| Net income | $631.6M | $626.0M | $518.8M | $500.8M | $635.9M |
| Balance Sheet | |||||
| Cash and equivalents | $6.6M | $3.8M | $5.0M | $4.8M | $10.0M |
| Current assets | $1.7B | $1.7B | $1.9B | $1.8B | $1.6B |
| Total assets | $30.0B | $26.1B | $24.7B | $22.7B | $22.0B |
| Current liabilities | $3.2B | $2.8B | $2.9B | $1.8B | $1.8B |
| Total debt | $9.8B | $8.9B | $8.4B | $7.8B | $7.1B |
| Stockholders' equity | $7.0B | $6.8B | $6.2B | $6.0B | $5.9B |
| Cash Flow Statement | |||||
| Cash from operations | $1.8B | $1.6B | $1.2B | $1.2B | $860.0M |
| Depreciation and amortization | $969.6M | $956.2M | $854.1M | $817.8M | $719.1M |
| Stock-based compensation | $27.5M | $23.5M | $17.3M | $15.9M | $18.5M |
| Capital expenditure | $2.6B | $2.2B | $1.8B | $1.7B | $1.5B |
| Free cash flow | -$819.5M | -$639.4M | -$638.7M | -$466.0M | -$613.5M |
| Dividends paid | $422.8M | $394.7M | $386.5M | $378.9M | $369.5M |
| Share repurchases | — | — | $4.1M | $2.7M | — |
Shares outstanding 121.2M · Free float 99.7%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.