Avista Corporation (AVA) vs Pinnacle West Capital Corporation (PNW)
AVA leads on 11 of 16 compared metrics.
A side-by-side comparison of Avista Corporation and Pinnacle West Capital Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 26, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
AVA
Avista Corporation
$40.96Utilities
PNW
Pinnacle West Capital Corporation
$105.37Utilities
Total return — AVA vs PNW
growth of $100 · last 30yAVA +122.9%PNW +280.0%PNW compounded faster
AVA PNW
AVA vs PNW: by the numbers
- •PNW is the larger company ($12.89B vs $3.38B market cap).
- •AVA trades at the lower earnings multiple (16.25 vs 19.66 P/E).
- •PNW converts more revenue to profit (11.99% vs 10.75% net margin).
- •PNW grew revenue faster over the past five years (8.55% vs 7.35% CAGR).
- •AVA pays the higher dividend yield (4.80% vs 3.44%).
Which is better, AVA or PNW?
Metric tally: AVA 11 · PNW 5It depends on what you're optimizing for:
ValueAVA(lower P/E)
GrowthPNW(faster 5Y revenue CAGR)
IncomeAVA(higher dividend yield)
QualityAVA(higher ROIC)
Metrics side by side
Valuation
| Metric | AVA | PNW |
|---|---|---|
| P/E ratio | 16.25● | 19.66 |
| Forward P/E | 14.62● | 18.98 |
| P/S ratio | 1.76● | 2.39 |
| P/B ratio | 1.22● | 1.85 |
| PEG ratio | 3.69● | 18.90 |
| EV / EBITDA | 9.98● | 12.91 |
Profitability
| Metric | AVA | PNW |
|---|---|---|
| Gross margin | 56.08%● | 40.72% |
| Operating margin | 18.94% | 27.54%● |
| Net margin | 10.75% | 11.99%● |
| ROE | 7.42% | 9.25%● |
| ROIC | 3.85%● | 3.18% |
Dividends
| Metric | AVA | PNW |
|---|---|---|
| Dividend yield | 4.80%● | 3.44% |
| Payout ratio | 82.56% | 70.39% |
Growth (annualized)
| Metric | AVA | PNW |
|---|---|---|
| Revenue CAGR (5Y) | 7.35% | 8.55%● |
| EPS CAGR (5Y) | 4.50%● | 1.04% |
| FCF CAGR (5Y) | -20.75%● | -32.59% |
| Total return CAGR (5Y) | 3.56% | 9.90%● |
Frequently asked
- Which is better, AVA or PNW?
- It depends on your goal. value: AVA (lower P/E); growth: PNW (faster 5Y revenue CAGR); income: AVA (higher dividend yield); quality: AVA (higher ROIC). Across all compared metrics, AVA leads 11 to 5.
- Is AVA or PNW cheaper?
- On trailing earnings, AVA is cheaper: AVA trades at a 16.25 P/E and PNW at 19.66.
- Which has grown faster, AVA or PNW?
- Over the past five years, PNW grew revenue faster — AVA at a 7.35% CAGR versus PNW at 8.55%.
- Does AVA or PNW pay a bigger dividend?
- AVA yields 4.80% and PNW yields 3.44% based on trailing dividends and the latest price.
- Is AVA or PNW more profitable?
- PNW runs the higher net margin — AVA at 10.75% versus PNW at 11.99%.
- Which has been the better investment, AVA or PNW?
- Over the past 10-year, PNW delivered the higher annualized total return — AVA at 3.78% versus PNW at 7.30%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Avista P/E ratioPinnacle West Capital P/E ratioAvista dividend yieldPinnacle West Capital dividend yieldAvista ROEPinnacle West Capital ROEAvista operating marginPinnacle West Capital operating marginAvista revenue growthPinnacle West Capital revenue growthAvista free cash flowPinnacle West Capital free cash flow
Avista & Pinnacle West Capital appear in these rankings
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 26, 2026.