Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 100.00% is 133% above its 5-year average of 42.87%, near the high end of its 5-year range (18.27%–100.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 90.14% above its 12-month average of 52.59%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
100.00%
GROSS MARGIN AVG TTM
52.59%
GROSS MARGIN AVG 3Y
39.91%
GROSS MARGIN AVG 5Y
40.02%
GROSS MARGIN AVG 10Y
41.39%
GROSS MARGIN AVG 15Y
42.48%
GROSS MARGIN AVG 20Y
46.92%
CURRENT VS TTM AVG
+90.14%
CURRENT VS 3Y AVG
+150.57%
CURRENT VS 5Y AVG
+149.90%
CURRENT VS 10Y AVG
+141.60%
CURRENT VS 15Y AVG
+135.39%
CURRENT VS 20Y AVG
+113.12%
SECTOR MEDIAN · UTILITIES
35.78%
median of 44 covered companies
CURRENT VS SECTOR MEDIAN
+179.52%
vs the sector median at left
Pinnacle West Capital Corporation
Market Cap
$12.24B
Gross Margin
100.00%
TTM Avg
52.59%
3Y Avg
39.91%
5Y Avg
40.02%
Market Cap
$10.50B
Gross Margin
20.29%
TTM Avg
18.46%
3Y Avg
19.24%
5Y Avg
21.53%
Market Cap
$10.16B
Gross Margin
24.45%
TTM Avg
36.47%
3Y Avg
51.03%
5Y Avg
56.24%
Market Cap
$15.78B
Gross Margin
38.12%
TTM Avg
35.08%
3Y Avg
36.33%
5Y Avg
31.78%
Market Cap
$8.31B
Gross Margin
15.19%
TTM Avg
39.33%
3Y Avg
51.52%
5Y Avg
56.75%
Market Cap
$17.92B
Gross Margin
42.04%
TTM Avg
42.41%
3Y Avg
42.13%
5Y Avg
42.29%
Market Cap
$5.68B
Gross Margin
38.47%
TTM Avg
38.98%
3Y Avg
35.60%
5Y Avg
36.73%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $12.24B | 100.00% | 52.59% | 39.91% | 40.02% |
| The AES Corporation (AES)vs › | $10.50B | 20.29% | 18.46% | 19.24% | 21.53% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.16B | 24.45% | 36.47% | 51.03% | 56.24% |
| Talen Energy Corporation (TLN)vs › | $15.78B | 38.12% | 35.08% | 36.33% | 31.78% |
| Oklo Inc. (OKLO)vs › | $8.42B | 0.00% | 0.00% | 0.00% | 0.00% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 15.19% | 39.33% | 51.52% | 56.75% |
| UGI Corporation (UGI)vs › | $7.33B | 46.11% | 50.45% | 41.03% | 46.83% |
| Alliant Energy Corporation (LNT)vs › | $17.92B | 42.04% | 42.41% | 42.13% | 42.29% |
| Black Hills Corporation (BKH)vs › | $5.68B | 38.47% | 38.98% | 35.60% | 36.73% |
| Evergy, Inc. (EVRG)vs › | $19.22B | 40.06% | 32.42% | 31.07% | 31.02% |
Gross Margin
100.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 100.00% |
| 2026-03-31 | 62.01% |
| 2025-12-31 | 18.27% |
| 2025-09-30 | 38.88% |
| 2025-06-30 | 43.80% |
| 2025-03-31 | 34.11% |
| 2024-12-31 | 33.96% |
| 2024-09-30 | 46.89% |
| 2024-06-30 | 45.80% |
| 2024-03-31 | 35.33% |
| 2023-12-31 | 33.71% |
| 2023-09-30 | 47.21% |
| 2023-06-30 | 38.93% |
| 2023-03-31 | 31.79% |
| 2022-12-31 | 27.97% |
| 2022-09-30 | 45.01% |
| 2022-06-30 | 43.71% |
| 2022-03-31 | 38.28% |
| 2021-12-31 | 35.04% |
| 2021-09-30 | 49.56% |
| 2021-06-30 | 50.06% |
| 2021-03-31 | 38.51% |
| 2020-12-31 | 33.25% |
| 2020-09-30 | 52.96% |
| 2020-06-30 | 50.76% |
| 2020-03-31 | 38.08% |
| 2019-12-31 | 32.22% |
| 2019-09-30 | 51.00% |
| 2019-06-30 | 45.97% |
| 2019-03-31 | 35.69% |
| 2018-12-31 | 35.47% |
| 2018-09-30 | 49.81% |
| 2018-06-30 | 46.06% |
| 2018-03-31 | 33.19% |
| 2017-12-31 | 38.13% |
| 2017-09-30 | 54.26% |
| 2017-06-30 | 49.65% |
| 2017-03-31 | 35.30% |
| 2016-12-31 | 38.92% |
| 2016-09-30 | 52.55% |
| 2016-06-30 | 43.51% |
| 2016-03-31 | 31.41% |
| 2015-12-31 | 38.08% |
| 2015-09-30 | 51.27% |
| 2015-06-30 | 44.71% |
| 2015-03-31 | 34.72% |
| 2014-12-31 | 28.79% |
| 2014-09-30 | 48.34% |
| 2014-06-30 | 44.60% |
| 2014-03-31 | 32.58% |
| 2013-12-31 | 32.07% |
| 2013-09-30 | 49.30% |
| 2013-06-30 | 44.65% |
| 2013-03-31 | 33.89% |
| 2012-12-31 | -58.07% |
| 2012-09-30 | 52.80% |
| 2012-06-30 | 45.26% |
| 2012-03-31 | 31.20% |
| 2011-12-31 | 67.73% |
| 2011-09-30 | 69.96% |
| 2011-06-30 | 69.49% |
| 2011-03-31 | 66.23% |
| 2010-12-31 | 67.00% |
| 2010-09-30 | 66.97% |
| 2010-06-30 | 67.15% |
| 2010-03-31 | 63.89% |
| 2009-12-31 | 58.79% |
| 2009-09-30 | 61.89% |
| 2009-06-30 | 62.72% |
| 2009-03-31 | 55.86% |
| 2008-12-31 | 43.02% |
| 2008-09-30 | 57.64% |
| 2008-06-30 | 54.81% |
| 2008-03-31 | 49.40% |
| 2007-12-31 | 56.81% |
| 2007-09-30 | 58.39% |
| 2007-06-30 | 60.00% |
| 2007-03-31 | 62.39% |
| 2006-12-31 | 60.55% |
| 2006-09-30 | 63.30% |
| 2006-06-30 | 63.61% |
| 2006-03-31 | 65.45% |
| 2005-12-31 | 66.70% |
| 2005-09-30 | 69.60% |
| 2005-06-30 | 71.07% |
| 2005-03-31 | 70.90% |
| 2004-12-31 | 67.62% |
| 2004-09-30 | 64.09% |
| 2004-06-30 | 64.46% |
| 2004-03-31 | 71.38% |
| 2003-12-31 | 103.88% |
| 2003-09-30 | 56.84% |
| 2003-06-30 | 64.12% |
| 2003-03-31 | 63.85% |
| 2002-12-31 | 75.12% |
| 2002-09-30 | 65.36% |
