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FCF Margin for Pinnacle West Capital (PNW)

As of · Reported

Metric

TTM

-18.2%

YoY change

−2.87pp

Trough year (2021)

-16.1%

Peak year (1997)

32.0%

FCF Margin history chart for Pinnacle West Capital (PNW) from 1994 to 2025

Latest: -15.3%

FCF Margin change chart for Pinnacle West Capital (PNW) from 1994 to 2025

Latest: −2.87pp

FCF Margin history table for Pinnacle West Capital (PNW) from 1994 to 2025

  • 2025-15.3%-2.87pp
  • 2024-12.5%+1.12pp
  • 2023-13.6%-2.82pp
  • 2022-10.8%+5.35pp
  • 2021-16.1%-6.09pp
  • 2020-10.0%-3.28pp
  • 2019-6.8%-9.44pp
  • 20182.7%+10.84pp
  • 2017-8.2%-0.95pp
  • 2016-7.2%-7.73pp
  • 20150.5%-4.89pp
  • 20145.4%+1.45pp
  • 20134.0%-4.56pp
  • 20128.5%+1.09pp
  • 20117.4%+7.38pp
  • 20100.1%-8.02pp
  • 20098.1%+11.71pp
  • 2008-3.6%+3.77pp
  • 2007-7.4%+2.72pp
  • 2006-10.1%-13.36pp
  • 20053.2%-7.24pp
  • 200410.5%+3.08pp
  • 20037.4%+8.33pp
  • 2002-0.9%+9.38pp
  • 2001-10.3%-11.43pp
  • 20001.1%-10.95pp
  • 199912.1%-1.40pp
  • 199813.5%-18.50pp
  • 199732.0%+14.69pp
  • 199617.3%+1.69pp
  • 199515.6%+1.22pp
  • 199414.4%—

FCF 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 FCF Margin at Pinnacle West Capital (PNW)

According to Pinnacle West Capital's latest reported financial statements, the company's latest reported free cash flow margin is -18.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Pinnacle West Capital (PNW) free cash flow margin totalled -15.35% – contracted 2.9 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 31.96% in 1997 and its low of -16.13% in 2021.

Pinnacle West Capital FCF Margin by Year

Pinnacle West Capital FCF Margin 2025: -15.3%

Pinnacle West Capital posted free cash flow margin of -15.35% in 2025, contracted 2.9 percentage points from 2024.

Pinnacle West Capital FCF Margin 2024: -12.5%

In 2024, Pinnacle West Capital reported free cash flow margin of -12.48%, expanded 1.1 percentage points from 2023.

Pinnacle West Capital FCF Margin 2023: -13.6%

Pinnacle West Capital free cash flow margin in 2023 was -13.60%, contracted 2.8 percentage points from 2022.

Pinnacle West Capital FCF Margin 2022: -10.8%

2022's free cash flow margin for Pinnacle West Capital came in at -10.78%, expanded 5.4 percentage points from 2021.

Pinnacle West Capital FCF Margin 2021: -16.1%

Pinnacle West Capital free cash flow margin in 2021 was -16.13%.

See more financial history for Pinnacle West Capital (PNW).

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