← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
PINNACLE WEST CAPITAL CORP: Revenue grew 4.2% to $5.34B from $5.125B. Net income grew 0.9% to $631.643M from $626.03M. Free cash flow remained negative, with the outflow widening from $639.372M to $819.523M. Operating margin expanded 24 bps to 19.99%. PINNACLE WEST CAPITAL CORP's annual comparison also shows free cash flow declined despite revenue growth; stock compensation grew faster than revenue; capital spending grew faster than revenue.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 4.2%OK
- Profitability — Net income grew 0.9% to $631.643M from $626.03MOK
- Cash flow — Free cash flow remained negative, with the outflow widening from $639.372M to $819.523MWatch
- Margins — Operating margin expanded 24 bps to 19.99%OK
- Accounting — Distress-range screen needs contextWatch
- Insiders — 0 purchases and 2 salesNote
Business
Pinnacle West is an electric-utility holding company whose principal subsidiary, Arizona Public Service, serves approximately 1.4 million customers.
Where the revenue comes from
Fiscal 2025, as PINNACLE WEST CAPITAL CORP reports it. History and quarterly detail are in the app.
- Electric and Transmission Service$5.3B
- Retail Electric Service$2.5B
- Transmission Services for Others$129.7M
- Wholesale Energy Sales$108.7M
- Other Sources$17.4M
Leadership changes
From PINNACLE WEST CAPITAL CORP's own filings, the day they're filed.
- Theodore N. Geisler · Chairman · appointmenteff. 2025-04-01
- Robert E. Smith · Chief Legal Officer · appointmenteff. 2025-02-19
- Jeffrey B. Guldner · Chief Executive Officer · departureeff. 2024-12-12
Latest filings
- 8-K · Company announcement2026-08-13
- 8-K · Company announcement2026-08-07
- 8-K · Company announcement2026-08-04
- 10-Q · Quarterly report2026-08-04
- 8-K · Company announcement2026-08-04
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about PINNACLE WEST CAPITAL CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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