TTM
12.0%
YoY change
−0.33pp
Trough year (1989)
-36.6%
Peak year (1985)
23.8%
Latest annual
11.5%
Net Profit Margin history chart for Pinnacle West Capital (PNW) from 1985 to 2025
Latest: 11.5%
Net Profit Margin change chart for Pinnacle West Capital (PNW) from 1985 to 2025
Latest: −0.33pp
Net Profit Margin history table for Pinnacle West Capital (PNW) from 1985 to 2025
| 2025 | 11.5% | -0.33pp | ||
| 2024 | 11.9% | +1.20pp | ||
| 2023 | 10.7% | -0.50pp | ||
| 2022 | 11.2% | -5.08pp | ||
| 2021 | 16.3% | +0.92pp | ||
| 2020 | 15.3% | -0.16pp | ||
| 2019 | 15.5% | +1.66pp | ||
| 2018 | 13.8% | +0.14pp | ||
| 2017 | 13.7% | +1.07pp | ||
| 2016 | 12.6% | +0.12pp | ||
| 2015 | 12.5% | +1.12pp | ||
| 2014 | 11.4% | -0.37pp | ||
| 2013 | 11.8% | +0.20pp | ||
| 2012 | 11.6% | +1.08pp | ||
| 2011 | 10.5% | -0.25pp | ||
| 2010 | 10.7% | +8.65pp | ||
| 2009 | 2.1% | -5.12pp | ||
| 2008 | 7.2% | -1.53pp | ||
| 2007 | 8.7% | -0.90pp | ||
| 2006 | 9.6% | +3.72pp | ||
| 2005 | 5.9% | -2.49pp | ||
| 2004 | 8.4% | -0.15pp | ||
| 2003 | 8.5% | +2.87pp | ||
| 2002 | 5.7% | -1.19pp | ||
| 2001 | 6.9% | -1.33pp | ||
| 2000 | 8.2% | +1.26pp | ||
| 1999 | 6.9% | -4.47pp | ||
| 1998 | 11.4% | -0.42pp | ||
| 1997 | 11.8% | +1.85pp | ||
| 1996 | 10.0% | -1.29pp | ||
| 1995 | 11.3% | -0.64pp | ||
| 1994 | 11.9% | +0.89pp | ||
| 1993 | 11.0% | +1.76pp | ||
| 1992 | 9.3% | +21.92pp | ||
| 1991 | -12.7% | -18.76pp | ||
| 1990 | 6.1% | +42.66pp | ||
| 1989 | -36.6% | -36.86pp | ||
| 1988 | 0.3% | -20.14pp | ||
| 1987 | 20.4% | +1.70pp | ||
| 1986 | 18.7% | -5.06pp | ||
| 1985 | 23.8% | — |
- 202511.5%-0.33pp
- 202411.9%+1.20pp
- 202310.7%-0.50pp
- 202211.2%-5.08pp
- 202116.3%+0.92pp
- 202015.3%-0.16pp
- 201915.5%+1.66pp
- 201813.8%+0.14pp
- 201713.7%+1.07pp
- 201612.6%+0.12pp
- 201512.5%+1.12pp
- 201411.4%-0.37pp
- 201311.8%+0.20pp
- 201211.6%+1.08pp
- 201110.5%-0.25pp
- 201010.7%+8.65pp
- 20092.1%-5.12pp
- 20087.2%-1.53pp
- 20078.7%-0.90pp
- 20069.6%+3.72pp
- 20055.9%-2.49pp
- 20048.4%-0.15pp
- 20038.5%+2.87pp
- 20025.7%-1.19pp
- 20016.9%-1.33pp
- 20008.2%+1.26pp
- 19996.9%-4.47pp
- 199811.4%-0.42pp
- 199711.8%+1.85pp
- 199610.0%-1.29pp
- 199511.3%-0.64pp
- 199411.9%+0.89pp
- 199311.0%+1.76pp
- 19929.3%+21.92pp
- 1991-12.7%-18.76pp
- 19906.1%+42.66pp
- 1989-36.6%-36.86pp
- 19880.3%-20.14pp
- 198720.4%+1.70pp
- 198618.7%-5.06pp
- 198523.8%—
Net Profit 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 Net Profit Margin at Pinnacle West Capital (PNW)
According to Pinnacle West Capital's latest reported financial statements, the company's latest reported net margin is 12.0%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
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) net margin totalled 11.55% – contracted 0.3 percentage points year-over-year.
The highest annual net margin of 23.80% was reported in 1985. The lowest in the available history was -36.57% in 1989.
Pinnacle West Capital Net Profit Margin by Year
Pinnacle West Capital Net Profit Margin 2025: 11.5%
Pinnacle West Capital posted net margin of 11.55% in 2025, contracted 0.3 percentage points from 2024.
Pinnacle West Capital Net Profit Margin 2024: 11.9%
In 2024, Pinnacle West Capital reported net margin of 11.88%, expanded 1.2 percentage points from 2023.
Pinnacle West Capital Net Profit Margin 2023: 10.7%
Pinnacle West Capital net margin in 2023 was 10.68%, contracted 0.5 percentage points from 2022.
Pinnacle West Capital Net Profit Margin 2022: 11.2%
2022's net margin for Pinnacle West Capital came in at 11.18%, contracted 5.1 percentage points from 2021.
Pinnacle West Capital Net Profit Margin 2021: 16.3%
Pinnacle West Capital net margin in 2021 was 16.27%.
See more financial history for Pinnacle West Capital (PNW).
Sector peers by Net Profit Margin
Utilities peers of Pinnacle West Capital (PNW), ranked by their latest net 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