Direct answer
Pinnacle West Capital (PNW) is a Utilities company and a constituent of the S&P 500 Equal Weight Index.
This guide covers Pinnacle West Capital's business model, financial metrics, competitive position, risk factors, and index membership as an educational business primer. It does not constitute personalized investment advice or a buy, sell, or price-target recommendation.
What Has Pinnacle West Capital Reported for Revenue Over Time?
Pinnacle West Capital reported revenue of $5.3 billion for the fiscal year ended December 31, 2025, against $4.3 billion for the year ended December 31, 2022. That is a compound annual growth rate of 7.3% over 3 years. The figures are as reported in its annual filings and are not adjusted for acquisitions, disposals or changes in accounting.
| Fiscal year | Revenue | Growth | Operating income | Net income |
|---|---|---|---|---|
| FY2022 ended December 31, 2022 | $4.3 billion | n/a | $732 million | $501 million |
| FY2023 ended December 31, 2023 | $4.7 billion | +8.6% | $825 million | $519 million |
| FY2024 ended December 31, 2024 | $5.1 billion | +9.1% | $1.0 billion | $626 million |
| FY2025 ended December 31, 2025 | $5.3 billion | +4.2% | $1.1 billion | $632 million |
Verified anchors
- 1985 - founding or lineage field in the current constituent metadata.
- 1999-10-04 - S&P 500 addition date for
PNWin the constituent registry. - 2026-09-15 - current S&P 500 Equal Weight snapshot date used by Swoopr.
Founding and predecessor businesses Research this stage specifically for Pinnacle West Capital. Add an event only
when a primary or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Initial public-market history Research this stage specifically for Pinnacle West Capital. Add an event only when a
primary or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Major products or market entries Research this stage specifically for Pinnacle West Capital. Add an event only when
a primary or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Transformative acquisitions and divestitures Research this stage specifically for Pinnacle West Capital. Add an
event only when a primary or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Restructurings and spin-offs Research this stage specifically for Pinnacle West Capital. Add an event only when a
primary or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Leadership transitions Research this stage specifically for Pinnacle West Capital. Add an event only when a primary
or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Regulatory or legal turning points Research this stage specifically for Pinnacle West Capital. Add an event only
when a primary or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Crises and recoveries Research this stage specifically for Pinnacle West Capital. Add an event only when a primary
or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Strategic pivots Research this stage specifically for Pinnacle West Capital. Add an event only when a primary or
high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.
Current-era operating model Research this stage specifically for Pinnacle West Capital. Add an event only when a
primary or high-quality authoritative source establishes the date and significance. Explain why the event changed the economics, not merely that it happened. Link material events to the current business model, segment mix, capital structure, competitive position, or risk profile.