TTM
$1.50B
YoY change
+10.5%
5Y CAGR
+7.2%
Peak year (1993)
$1.72B
Cumulative operating income
$35.98B
Operating Income history chart for Pinnacle West Capital (PNW) from 1985 to 2025
Latest: $1.12B
Operating Income growth chart for Pinnacle West Capital (PNW) from 1985 to 2025
Latest: +10.5%
Operating Income history table for Pinnacle West Capital (PNW) from 1985 to 2025
| 2025 | $1.12B | +10.5% | +$106.13M | ||
| 2024 | $1.01B | +22.7% | +$187.42M | ||
| 2023 | $824.64M | +12.7% | +$92.73M | ||
| 2022 | $731.91M | -9.1% | −$73.40M | ||
| 2021 | $805.31M | +2.2% | +$17.16M | ||
| 2020 | $788.15M | +17.3% | +$116.19M | ||
| 2019 | $671.96M | -13.1% | −$101.73M | ||
| 2018 | $773.69M | -15.0% | −$136.08M | ||
| 2017 | $909.76M | +8.9% | +$74.15M | ||
| 2016 | $835.61M | -2.2% | −$18.99M | ||
| 2015 | $854.60M | +5.3% | +$43.36M | ||
| 2014 | $811.24M | -4.1% | −$35.08M | ||
| 2013 | $846.32M | -0.6% | −$5.43M | ||
| 2012 | $851.75M | +14.1% | +$105.25M | ||
| 2011 | $746.51M | +4.4% | +$31.63M | ||
| 2010 | $714.88M | +16.0% | +$98.75M | ||
| 2009 | $616.13M | +22.0% | +$110.92M | ||
| 2008 | $505.21M | -18.4% | −$114.04M | ||
| 2007 | $619.25M | +0.1% | +$381.00K | ||
| 2006 | $618.87M | +20.1% | +$103.58M | ||
| 2005 | $515.29M | -0.5% | −$2.68M | ||
| 2004 | $517.97M | +9.4% | +$44.71M | ||
| 2003 | $473.25M | -14.1% | −$77.49M | ||
| 2002 | $550.74M | -18.5% | −$125.28M | ||
| 2001 | $676.02M | +0.0% | +$52.00K | ||
| 2000 | $675.97M | +16.8% | +$97.22M | ||
| 1999 | $578.75M | +2.0% | +$11.55M | ||
| 1998 | $567.20M | +1.7% | +$9.50M | ||
| 1997 | $557.70M | +2.5% | +$13.80M | ||
| 1996 | $543.90M | -3.3% | −$18.60M | ||
| 1995 | $562.50M | +5.4% | +$28.60M | ||
| 1994 | $533.90M | -68.9% | −$1.18B | ||
| 1993 | $1.72B | +1.7% | +$28.90M | ||
| 1992 | $1.69B | +14.6% | +$215.00M | ||
| 1991 | $1.47B | -7.6% | −$122.00M | ||
| 1990 | $1.60B | +5.9% | +$88.70M | ||
| 1989 | $1.51B | +4.6% | +$65.90M | ||
| 1988 | $1.44B | +9.8% | +$128.60M | ||
| 1987 | $1.31B | +5.1% | +$63.50M | ||
| 1986 | $1.25B | +6.4% | +$75.40M | ||
| 1985 | $1.17B | — | — |
- 2025$1.12B+10.5%
- 2024$1.01B+22.7%
- 2023$824.64M+12.7%
- 2022$731.91M-9.1%
- 2021$805.31M+2.2%
- 2020$788.15M+17.3%
- 2019$671.96M-13.1%
- 2018$773.69M-15.0%
- 2017$909.76M+8.9%
- 2016$835.61M-2.2%
- 2015$854.60M+5.3%
- 2014$811.24M-4.1%
- 2013$846.32M-0.6%
- 2012$851.75M+14.1%
- 2011$746.51M+4.4%
- 2010$714.88M+16.0%
- 2009$616.13M+22.0%
- 2008$505.21M-18.4%
- 2007$619.25M+0.1%
- 2006$618.87M+20.1%
- 2005$515.29M-0.5%
- 2004$517.97M+9.4%
- 2003$473.25M-14.1%
- 2002$550.74M-18.5%
- 2001$676.02M+0.0%
- 2000$675.97M+16.8%
- 1999$578.75M+2.0%
- 1998$567.20M+1.7%
- 1997$557.70M+2.5%
- 1996$543.90M-3.3%
- 1995$562.50M+5.4%
- 1994$533.90M-68.9%
- 1993$1.72B+1.7%
- 1992$1.69B+14.6%
- 1991$1.47B-7.6%
- 1990$1.60B+5.9%
- 1989$1.51B+4.6%
- 1988$1.44B+9.8%
- 1987$1.31B+5.1%
- 1986$1.25B+6.4%
- 1985$1.17B—
Operating Income 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 Operating Income at Pinnacle West Capital (PNW)
According to Pinnacle West Capital's latest reported financial statements, the company's current operating income (TTM) is $1.50B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Pinnacle West Capital (PNW) operating income is $1.12B – grew 10.5% year-over-year.
Through 2020–2025 (5 years), Pinnacle West Capital operating income delivered a +7.2% annualised rate; sustaining 3 straight years of year-over-year growth.
Between 1993 and 2025, Pinnacle West Capital operating income plunged 34.9%, falling from $1.72B to $1.12B.
1993 marks the peak operating income at $1.72B, with the historical low of $473.25M recorded in 2003.
Pinnacle West Capital Operating Income by Year
Pinnacle West Capital Operating Income 2025: $1.12B
In 2025, Pinnacle West Capital reported operating income of $1.12B, grew 10.5% from 2024.
Pinnacle West Capital Operating Income 2024: $1.01B
Pinnacle West Capital operating income in 2024 was $1.01B, grew 22.7% from 2023.
Pinnacle West Capital Operating Income 2023: $824.64M
2023's operating income for Pinnacle West Capital came in at $824.64M, grew 12.7% from 2022.
Pinnacle West Capital Operating Income 2022: $731.91M
Pinnacle West Capital posted operating income of $731.91M in 2022, declined 9.1% below 2021.
Pinnacle West Capital Operating Income 2021: $805.31M
Pinnacle West Capital operating income in 2021 was $805.31M.
See more financial history for Pinnacle West Capital (PNW).
Sector peers by Operating Income
Utilities peers of Pinnacle West Capital (PNW), ranked by their latest operating income
| $8.58B | |
| $8.28B | |
| $7.27B | |
| $5.30B | |
| $4.41B | |
| $3.25B | |
| $3.09B | |
| $1.39B |
- $8.58B
- $8.28B
- $7.27B
- $4.41B
- $3.25B
- $1.39B
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