Operating Income for Pinnacle West Capital (PNW)
According to Pinnacle West Capital's latest reported financial statements, the company's current operating income (TTM) is $1.16B USD. 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.16B
YoY change
+10.5%
5Y CAGR
+7.2%
Peak year (1993)
$1.72B
Cumulative operating income
$35.58B
Operating Income history chart for Pinnacle West Capital (PNW) from 1985 to 2025
Operating Income history table for Pinnacle West Capital (PNW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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 (PNW) sits 9th of 8 Utilities peers we track on this metric, against a peer median of $4.86B.
Pinnacle West Capital Operating Income by Year
Pinnacle West Capital Operating Income 2025: $1.12B
Pinnacle West Capital operating income in 2025 was $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
Pinnacle West Capital operating income in 2023 was $824.64M, grew 12.7% from 2022.
Pinnacle West Capital Operating Income 2022: $731.91M
Pinnacle West Capital operating income in 2022 was $731.91M, 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 — Operating Income
Companies in the same sector as Pinnacle West Capital, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is Pinnacle West Capital's operating income?
- Latest reported operating income for Pinnacle West Capital (PNW) is $1.16B (period ending December 31, 2025).
How has Pinnacle West Capital operating income changed year-over-year?
- Pinnacle West Capital (PNW) operating income changed +10.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Pinnacle West Capital operating income?
- Pinnacle West Capital (PNW) operating income compound annual growth rate is +7.2% over the most recent 5 years available.
When did Pinnacle West Capital operating income hit its highest annual value?
- Pinnacle West Capital operating income reached its highest annual value of $1.72B in 1993.
What was Pinnacle West Capital operating income in 2024?
- Pinnacle West Capital (PNW) operating income in 2024 was $1.01B.
What was Pinnacle West Capital operating income in 2025?
- Pinnacle West Capital (PNW) operating income in 2025 was $1.12B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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