Which has the lower trailing P/E, BKH or PNW?

BKH has the lower trailing P/E: BKH trades at 18.85 and PNW at 19.39. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, BKH or PNW?

Over the past five years, PNW grew revenue faster — BKH at a 4.57% CAGR versus PNW at 8.51%.

Does BKH or PNW pay a bigger dividend?

BKH yields 3.69% and PNW yields 3.60% based on trailing dividends and the latest price.

Is BKH or PNW more profitable?

PNW runs the higher net margin — BKH at 5.46% versus PNW at 11.52%.

How have BKH and PNW total returns compared?

Over the past 10 years, BKH delivered 5.73% and PNW delivered 6.86% annualized total return. Past performance doesn't predict future results.

Black Hills Corporation (BKH) vs Pinnacle West Capital Corporation (PNW)

A side-by-side comparison of Black Hills Corporation and Pinnacle West Capital Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 9, 2026. Differences are shown without an overall score or investment verdict.

BKH

Black Hills Corporation

$5.68B

$74.65UtilitiesAt close: Aug 7, 2026, 4:00 PM ET

PNW

Pinnacle West Capital Corporation

$12.24B

$101.03UtilitiesAt close: Aug 7, 2026, 4:00 PM ET

Total return — BKH vs PNW

growth of $100 · dividends reinvested · last 30y

BKH +1441.2%PNW +1154.9%BKH compounded faster

BKH PNW

BKH vs PNW: by the numbers

•PNW is the larger company ($12.24B vs $5.68B market cap).
•BKH trades at the lower trailing earnings multiple (18.85 vs 19.39 P/E), one valuation lens rather than an overall verdict.
•PNW converts more revenue to profit (11.52% vs 5.46% net margin).
•PNW grew revenue faster over the past five years (8.51% vs 4.57% CAGR).
•BKH pays the higher dividend yield (3.69% vs 3.60%).

Metrics side by side

Valuation

Metric	BKH	PNW
P/E ratio	18.85	19.39
Forward P/E	17.22	21.37
P/S ratio	2.46	2.26
P/B ratio	1.43	1.79
PEG ratio	8.50	18.65
EV / EBITDA	12.30	7.53

Profitability

Metric	BKH	PNW
Gross margin	38.47%	25.41%
Operating margin	23.88%	27.03%
Net margin	5.46%	11.52%
ROE	3.18%	9.10%
ROIC	4.63%	3.18%

Dividends

Metric	BKH	PNW
Dividend yield	3.69%	3.60%
Payout ratio	69.12%	70.68%

Growth (annualized)

Metric	BKH	PNW
Revenue CAGR (5Y)	4.57%	8.51%
EPS CAGR (5Y)	1.80%	1.04%
FCF CAGR (5Y)	20.20%	-32.59%
Total return CAGR (5Y)	5.38%	9.35%

Frequently asked

Which has the lower trailing P/E, BKH or PNW?: BKH has the lower trailing P/E: BKH trades at 18.85 and PNW at 19.39. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, BKH or PNW?: Over the past five years, PNW grew revenue faster — BKH at a 4.57% CAGR versus PNW at 8.51%.
Does BKH or PNW pay a bigger dividend?: BKH yields 3.69% and PNW yields 3.60% based on trailing dividends and the latest price.
Is BKH or PNW more profitable?: PNW runs the higher net margin — BKH at 5.46% versus PNW at 11.52%.
How have BKH and PNW total returns compared?: Over the past 10 years, BKH delivered 5.73% and PNW delivered 6.86% annualized total return. Past performance doesn't predict future results.

Go deeper

Full BKH analysis Full PNW analysis Interactive comparison tool

Dig into the metrics

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

Black Hills & Pinnacle West Capital appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers

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 August 9, 2026.