TTM
40.0%
YoY change
−0.51pp
Trough year (2001)
24.9%
Peak year (1985)
100.0%
Latest annual
39.9%
EBITDA Margin history chart for Pinnacle West Capital (PNW) from 1985 to 2025
Latest: 39.9%
EBITDA Margin change chart for Pinnacle West Capital (PNW) from 1985 to 2025
Latest: −0.51pp
EBITDA Margin history table for Pinnacle West Capital (PNW) from 1985 to 2025
| 2025 | 39.9% | -0.51pp | ||
| 2024 | 40.4% | +2.47pp | ||
| 2023 | 37.9% | -0.20pp | ||
| 2022 | 38.1% | -6.52pp | ||
| 2021 | 44.7% | +1.06pp | ||
| 2020 | 43.6% | +2.60pp | ||
| 2019 | 41.0% | -0.56pp | ||
| 2018 | 41.5% | -2.61pp | ||
| 2017 | 44.2% | +2.76pp | ||
| 2016 | 41.4% | +0.09pp | ||
| 2015 | 41.3% | +3.33pp | ||
| 2014 | 38.0% | -1.09pp | ||
| 2013 | 39.1% | -1.42pp | ||
| 2012 | 40.5% | +1.73pp | ||
| 2011 | 38.8% | +1.81pp | ||
| 2010 | 37.0% | +4.42pp | ||
| 2009 | 32.5% | +4.95pp | ||
| 2008 | 27.6% | -1.45pp | ||
| 2007 | 29.0% | -8.33pp | ||
| 2006 | 37.4% | +7.35pp | ||
| 2005 | 30.0% | -2.75pp | ||
| 2004 | 32.8% | -0.49pp | ||
| 2003 | 33.3% | -4.89pp | ||
| 2002 | 38.1% | +13.27pp | ||
| 2001 | 24.9% | -4.94pp | ||
| 2000 | 29.8% | -11.27pp | ||
| 1999 | 41.1% | -4.90pp | ||
| 1998 | 46.0% | -54.01pp | ||
| 1997 | 100.0% | -0.01pp | ||
| 1996 | 100.0% | +49.77pp | ||
| 1995 | 50.2% | +2.44pp | ||
| 1994 | 47.8% | -52.20pp | ||
| 1993 | 100.0% | 0.00pp | ||
| 1992 | 100.0% | 0.00pp | ||
| 1991 | 100.0% | 0.00pp | ||
| 1990 | 100.0% | 0.00pp | ||
| 1989 | 100.0% | 0.00pp | ||
| 1988 | 100.0% | 0.00pp | ||
| 1987 | 100.0% | 0.00pp | ||
| 1986 | 100.0% | 0.00pp | ||
| 1985 | 100.0% | — |
- 202539.9%-0.51pp
- 202440.4%+2.47pp
- 202337.9%-0.20pp
- 202238.1%-6.52pp
- 202144.7%+1.06pp
- 202043.6%+2.60pp
- 201941.0%-0.56pp
- 201841.5%-2.61pp
- 201744.2%+2.76pp
- 201641.4%+0.09pp
- 201541.3%+3.33pp
- 201438.0%-1.09pp
- 201339.1%-1.42pp
- 201240.5%+1.73pp
- 201138.8%+1.81pp
- 201037.0%+4.42pp
- 200932.5%+4.95pp
- 200827.6%-1.45pp
- 200729.0%-8.33pp
- 200637.4%+7.35pp
- 200530.0%-2.75pp
- 200432.8%-0.49pp
- 200333.3%-4.89pp
- 200238.1%+13.27pp
- 200124.9%-4.94pp
- 200029.8%-11.27pp
- 199941.1%-4.90pp
- 199846.0%-54.01pp
- 1997100.0%-0.01pp
- 1996100.0%+49.77pp
- 199550.2%+2.44pp
- 199447.8%-52.20pp
- 1993100.0%0.00pp
- 1992100.0%0.00pp
- 1991100.0%0.00pp
- 1990100.0%0.00pp
- 1989100.0%0.00pp
- 1988100.0%0.00pp
- 1987100.0%0.00pp
- 1986100.0%0.00pp
- 1985100.0%—
EBITDA Margin values are taken from Pinnacle West Capital's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Pinnacle West Capital (PNW)
According to Pinnacle West Capital's latest reported financial statements, the company's latest reported EBITDA margin is 40.0%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual EBITDA margin for Pinnacle West Capital (PNW) came in at 39.89% – contracted 0.5 percentage points year-over-year.
The highest annual EBITDA margin of 100.00% was reported in 1985. The lowest in the available history was 24.88% in 2001.
Pinnacle West Capital EBITDA Margin by Year
Pinnacle West Capital EBITDA Margin 2025: 39.9%
Pinnacle West Capital EBITDA margin in 2025 was 39.89%, contracted 0.5 percentage points from 2024.
Pinnacle West Capital EBITDA Margin 2024: 40.4%
2024's EBITDA margin for Pinnacle West Capital came in at 40.40%, expanded 2.5 percentage points from 2023.
Pinnacle West Capital EBITDA Margin 2023: 37.9%
Pinnacle West Capital posted EBITDA margin of 37.93% in 2023, contracted 0.2 percentage points from 2022.
Pinnacle West Capital EBITDA Margin 2022: 38.1%
In 2022, Pinnacle West Capital reported EBITDA margin of 38.13%, contracted 6.5 percentage points from 2021.
Pinnacle West Capital EBITDA Margin 2021: 44.7%
Pinnacle West Capital EBITDA margin in 2021 was 44.65%.
See more financial history for Pinnacle West Capital (PNW).
Sector peers by EBITDA Margin
Utilities peers of Pinnacle West Capital (PNW), ranked by their latest EBITDA margin
Frequently asked questions
Pinnacle West Capital (PNW) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation