Pinnacle West Capital Corporation (PNW) Operating Margin: 27.54%
Is Pinnacle West Capital Corporation’s operating margin high or low?
Pinnacle West Capital Corporation's operating margin of 27.54% is 40% above its 5-year average of 19.72%, near the high end of its 5-year range (16.93%–27.54%).
As of Wednesday, June 24, 2026. 35.36% above its 12-month average of 20.34%.
PNW Operating Margin Chart
Reported annual fiscal-period values; no daily interpolation.
PNW Average Operating Margin Chart
PNW Current vs Average Operating Margin Chart
PNW Operating Margin Metrics
OPERATING MARGIN
27.54%
OPERATING MARGIN AVG TTM
20.34%
OPERATING MARGIN AVG 3Y
18.79%
OPERATING MARGIN AVG 5Y
19.72%
OPERATING MARGIN AVG 10Y
21.14%
OPERATING MARGIN AVG 15Y
21.93%
OPERATING MARGIN AVG 20Y
20.84%
CURRENT VS TTM AVG
+35.36%
CURRENT VS 3Y AVG
+46.53%
CURRENT VS 5Y AVG
+39.66%
CURRENT VS 10Y AVG
+30.30%
CURRENT VS 15Y AVG
+25.56%
CURRENT VS 20Y AVG
+32.15%
PNW Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $12.77B | 27.54% | 20.34% | 18.79% | 19.72% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.75B | 11.33% | 15.88% | 20.68% | 27.41% |
| The AES Corporation (AES)vs › | $10.48B | 16.47% | 16.31% | 17.25% | 19.67% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 13.13% | 13.31% | 42.54% | 36.45% |
| UGI Corporation (UGI)vs › | $7.44B | 13.26% | 12.93% | 6.55% | 12.12% |
| Talen Energy Corporation (TLN)vs › | $18.70B | 33.09% | 4.04% | 5.38% | -8.09% |
| Alliant Energy Corporation (LNT)vs › | $19.26B | 23.01% | 22.88% | 22.81% | 22.43% |
| Evergy, Inc. (EVRG)vs › | $19.56B | 25.42% | 25.00% | 23.80% | 23.80% |
| Black Hills Corporation (BKH)vs › | $5.62B | 23.30% | 23.46% | 21.26% | 21.88% |
| Fluence Energy, Inc. (FLNC)vs › | $3.91B | -1.90% | -0.53% | -7.45% | -8.84% |
Operating Efficiency
Gross Margin
40.7%
Operating Margin
27.5%
Pinnacle West Capital Corporation Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Pinnacle West Capital Corporation Operating Margin FAQ
- What is the operating margin for Pinnacle West Capital Corporation (PNW)?
- The operating margin for PNW stock is 27.54%.
- Is Pinnacle West Capital Corporation's operating margin high or low?
- Pinnacle West Capital Corporation's operating margin of 27.54% is 40% above its 5-year average of 19.72%, near the high end of its 5-year range (16.93%–27.54%).
- What is the TTM average operating margin for Pinnacle West Capital Corporation (PNW)?
- The TTM average operating margin for PNW stock is 20.34%.
- What is the 3Y average operating margin for Pinnacle West Capital Corporation (PNW)?
- The 3Y average operating margin for PNW stock is 18.79%.
- What is the 5Y average operating margin for Pinnacle West Capital Corporation (PNW)?
- The 5Y average operating margin for PNW stock is 19.72%.
- What is the 10Y average operating margin for Pinnacle West Capital Corporation (PNW)?
- The 10Y average operating margin for PNW stock is 21.14%.
- What is the 15Y average operating margin for Pinnacle West Capital Corporation (PNW)?
- The 15Y average operating margin for PNW stock is 21.93%.
- What is the 20Y average operating margin for Pinnacle West Capital Corporation (PNW)?
- The 20Y average operating margin for PNW stock is 20.84%.
Pinnacle West Capital Corporation Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 20.94% |
| 2024-12-31 | 19.75% |
| 2023-12-31 | 17.56% |
| 2022-12-31 | 16.93% |
| 2021-12-31 | 21.17% |
| 2020-12-31 | 21.97% |
| 2019-12-31 | 19.36% |
| 2018-12-31 | 20.96% |
| 2017-12-31 | 25.52% |
| 2016-12-31 | 23.88% |
| 2015-12-31 | 24.45% |
| 2014-12-31 | 23.23% |
| 2013-12-31 | 24.50% |
| 2012-12-31 | 25.80% |
| 2011-12-31 | 23.03% |
| 2010-12-31 | 21.90% |
| 2009-12-31 | 18.69% |
| 2008-12-31 | 15.00% |
| 2007-12-31 | 17.57% |
| 2006-12-31 | 18.19% |
| 2005-12-31 | 17.25% |
| 2004-12-31 | 17.86% |
| 2003-12-31 | 16.79% |
| 2002-12-31 | 20.88% |
| 2001-12-31 | 14.85% |
| 2000-12-31 | 18.32% |
| 1999-12-31 | 23.88% |
| 1998-12-31 | 26.62% |
| 1997-12-31 | 27.95% |
| 1996-12-31 | 29.92% |
About Pinnacle West Capital Corporation
Pinnacle West Capital Corporation (PNW), primarily operating through its Arizona Public Service Company (APS) subsidiary, delivers retail and wholesale electricity services predominantly within Arizona. The company manages the full scope of electricity provision, encompassing generation, transmission, and distribution, leveraging a diverse energy portfolio that includes coal, nuclear, natural gas, oil, and solar power facilities. Its robust infrastructure for power delivery features approximately 5,814 pole miles of overhead transmission lines and roughly 74 miles of subterranean transmission lines. For distribution, the company maintains about 11,258 miles of overhead lines and an estimated 22,821 miles of underground primary cabling. This network is further supported by 475 owned and managed transmission and distribution substations. PNW possesses or leases roughly 6,323 megawatts of regulated power generation capacity and supplies electricity to an estimated 1.3 million customers. Established in 1985, Pinnacle West Capital Corporation's corporate headquarters are situated in Phoenix, Arizona.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Theodore N. Geisler