TTM
40.7%
YoY change
−16.30pp
Trough year (2025)
25.4%
Peak year (1995)
83.8%
Latest annual
25.4%
Gross Margin history chart for Pinnacle West Capital (PNW) from 1994 to 2025
Latest: 25.4%
Gross Margin change chart for Pinnacle West Capital (PNW) from 1994 to 2025
Latest: −16.30pp
Gross Margin history table for Pinnacle West Capital (PNW) from 1994 to 2025
| 2025 | 25.4% | -16.30pp | ||
| 2024 | 41.7% | +2.42pp | ||
| 2023 | 39.3% | -0.22pp | ||
| 2022 | 39.5% | -5.12pp | ||
| 2021 | 44.6% | -0.95pp | ||
| 2020 | 45.6% | +2.72pp | ||
| 2019 | 42.8% | +0.09pp | ||
| 2018 | 42.8% | -3.10pp | ||
| 2017 | 45.9% | +3.23pp | ||
| 2016 | 42.6% | -1.02pp | ||
| 2015 | 43.7% | +3.45pp | ||
| 2014 | 40.2% | -1.31pp | ||
| 2013 | 41.5% | -1.56pp | ||
| 2012 | 43.1% | +2.12pp | ||
| 2011 | 41.0% | +1.98pp | ||
| 2010 | 39.0% | -20.92pp | ||
| 2009 | 59.9% | +4.04pp | ||
| 2008 | 55.9% | -3.41pp | ||
| 2007 | 59.3% | -3.95pp | ||
| 2006 | 63.2% | -7.06pp | ||
| 2005 | 70.3% | +3.34pp | ||
| 2004 | 66.9% | -0.37pp | ||
| 2003 | 67.3% | -3.73pp | ||
| 2002 | 71.0% | +29.31pp | ||
| 2001 | 41.7% | -5.85pp | ||
| 2000 | 47.6% | -19.58pp | ||
| 1999 | 67.1% | -7.62pp | ||
| 1998 | 74.8% | -3.34pp | ||
| 1997 | 78.1% | -3.98pp | ||
| 1996 | 82.1% | -1.75pp | ||
| 1995 | 83.8% | +1.68pp | ||
| 1994 | 82.2% | — |
- 202525.4%-16.30pp
- 202441.7%+2.42pp
- 202339.3%-0.22pp
- 202239.5%-5.12pp
- 202144.6%-0.95pp
- 202045.6%+2.72pp
- 201942.8%+0.09pp
- 201842.8%-3.10pp
- 201745.9%+3.23pp
- 201642.6%-1.02pp
- 201543.7%+3.45pp
- 201440.2%-1.31pp
- 201341.5%-1.56pp
- 201243.1%+2.12pp
- 201141.0%+1.98pp
- 201039.0%-20.92pp
- 200959.9%+4.04pp
- 200855.9%-3.41pp
- 200759.3%-3.95pp
- 200663.2%-7.06pp
- 200570.3%+3.34pp
- 200466.9%-0.37pp
- 200367.3%-3.73pp
- 200271.0%+29.31pp
- 200141.7%-5.85pp
- 200047.6%-19.58pp
- 199967.1%-7.62pp
- 199874.8%-3.34pp
- 199778.1%-3.98pp
- 199682.1%-1.75pp
- 199583.8%+1.68pp
- 199482.2%—
Gross 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 Gross Margin at Pinnacle West Capital (PNW)
According to Pinnacle West Capital's latest reported financial statements, the company's latest reported gross margin is 40.7%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Pinnacle West Capital (PNW) reported gross margin of 25.41% – contracted 16.3 percentage points year-over-year.
Across the available history, gross margin reached its high of 83.84% in 1995 and its low of 25.41% in 2025.
Pinnacle West Capital Gross Margin by Year
Pinnacle West Capital Gross Margin 2025: 25.4%
2025's gross margin for Pinnacle West Capital came in at 25.41%, contracted 16.3 percentage points from 2024. This figure represents the lowest annual value in the available history.
Pinnacle West Capital Gross Margin 2024: 41.7%
Pinnacle West Capital posted gross margin of 41.70% in 2024, expanded 2.4 percentage points from 2023.
Pinnacle West Capital Gross Margin 2023: 39.3%
In 2023, Pinnacle West Capital reported gross margin of 39.28%, contracted 0.2 percentage points from 2022.
Pinnacle West Capital Gross Margin 2022: 39.5%
Pinnacle West Capital gross margin in 2022 was 39.50%, contracted 5.1 percentage points from 2021.
Pinnacle West Capital Gross Margin 2021: 44.6%
Pinnacle West Capital gross margin in 2021 was 44.62%.
See more financial history for Pinnacle West Capital (PNW).
Sector peers by Gross Margin
Utilities peers of Pinnacle West Capital (PNW), ranked by their latest gross margin
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Pinnacle West Capital (PNW) Key Financials
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