Is AES or PNW cheaper?

On trailing earnings, AES is cheaper: AES trades at a 7.82 P/E and PNW at 19.66.

Which has grown faster, AES or PNW?

Over the past five years, PNW grew revenue faster — AES at a 4.63% CAGR versus PNW at 8.55%.

Does AES or PNW pay a bigger dividend?

AES yields 4.79% and PNW yields 3.44% based on trailing dividends and the latest price.

Is AES or PNW more profitable?

PNW runs the higher net margin — AES at 10.72% versus PNW at 11.99%.

Which has been the better investment, AES or PNW?

Over the past 10-year, PNW delivered the higher annualized total return — AES at 5.87% versus PNW at 7.19%. Past performance doesn't predict future results.

The AES Corporation (AES) vs Pinnacle West Capital Corporation (PNW)

AES leads on 10 of 16 compared metrics.

A side-by-side comparison of The AES Corporation and Pinnacle West Capital Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Pinnacle West Capital Corporation

$12.77B

$105.37Utilities

Total return — AES vs PNW

growth of $100 · last 30y

AES +117.8%PNW +271.6%PNW compounded faster

AES PNW

AES vs PNW: by the numbers

•PNW is the larger company ($12.77B vs $10.48B market cap).
•AES trades at the lower earnings multiple (7.82 vs 19.66 P/E).
•PNW converts more revenue to profit (11.99% vs 10.72% net margin).
•PNW grew revenue faster over the past five years (8.55% vs 4.63% CAGR).
•AES pays the higher dividend yield (4.79% vs 3.44%).

Which is better, AES or PNW?

Metric tally: AES 10 · PNW 6

It depends on what you're optimizing for:

ValueAES(lower P/E)

GrowthPNW(faster 5Y revenue CAGR)

IncomeAES(higher dividend yield)

QualityAES(higher ROIC)

Metrics side by side

Valuation

Metric	AES	PNW
P/E ratio	7.82●	19.66
Forward P/E	6.33●	18.98
P/S ratio	0.84●	2.39
P/B ratio	2.38	1.85●
PEG ratio	0.10●	18.90
EV / EBITDA	10.62●	12.91

Profitability

Metric	AES	PNW
Gross margin	19.31%	40.72%●
Operating margin	16.47%	27.54%●
Net margin	10.72%	11.99%●
ROE	30.27%●	9.25%
ROIC	4.24%●	3.18%

Dividends

Metric	AES	PNW
Dividend yield	4.79%●	3.44%
Payout ratio	55.86%	70.39%

Growth (annualized)

Metric	AES	PNW
Revenue CAGR (5Y)	4.63%	8.55%●
EPS CAGR (5Y)	78.27%●	1.04%
FCF CAGR (5Y)	3.29%●	-32.59%
Total return CAGR (5Y)	-7.11%	9.98%●

Frequently asked

Which is better, AES or PNW?: It depends on your goal. value: AES (lower P/E); growth: PNW (faster 5Y revenue CAGR); income: AES (higher dividend yield); quality: AES (higher ROIC). Across all compared metrics, AES leads 10 to 6.
Is AES or PNW cheaper?: On trailing earnings, AES is cheaper: AES trades at a 7.82 P/E and PNW at 19.66.
Which has grown faster, AES or PNW?: Over the past five years, PNW grew revenue faster — AES at a 4.63% CAGR versus PNW at 8.55%.
Does AES or PNW pay a bigger dividend?: AES yields 4.79% and PNW yields 3.44% based on trailing dividends and the latest price.
Is AES or PNW more profitable?: PNW runs the higher net margin — AES at 10.72% versus PNW at 11.99%.
Which has been the better investment, AES or PNW?: Over the past 10-year, PNW delivered the higher annualized total return — AES at 5.87% versus PNW at 7.19%. Past performance doesn't predict future results.

Go deeper

Full AES analysis Full PNW analysis Interactive comparison tool

Dig into the metrics

AES P/E ratio Pinnacle West Capital P/E ratio AES dividend yield Pinnacle West Capital dividend yield AES ROE Pinnacle West Capital ROE AES operating margin Pinnacle West Capital operating margin AES revenue growth Pinnacle West Capital revenue growth AES free cash flow Pinnacle West Capital free cash flow

AES & Pinnacle West Capital appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 24, 2026.