Pinnacle West Capital Corporation
PNWUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jul 18, 2026
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Daily timeframePinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. Valued at $13.06B, PNW is a large-cap name in its sector. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities.
Market Cap
$13.06B
Beta
0.42
P/E (TTM)
20.40
P/E (Fwd)
19.34
EPS (TTM)
$5.28
EPS (Fwd)
$5.57
ROE
9.6%
ROA
2.5%
Cash
$6.4M
Total Debt
$15.14B
Free CF
-$831.1M
52W Change
16.4%
Annual Financials
Cash vs Debt
On the balance sheet, PNW has $6.4M in cash with $15.14B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$831.1M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 9.6%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $4.32B (2022) to $5.34B (2025), reflecting a 23% increase over the period.
The relatively low beta of 0.42 suggests PNW is a less volatile holding compared to the broader index. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Pinnacle West Capital Corporation's trajectory.