Pinnacle West Capital Corporation (PNW) Return on Invested Capital (ROIC): 3.18%
Is Pinnacle West Capital Corporation’s return on invested capital (ROIC) high or low?
Pinnacle West Capital Corporation's return on invested capital (ROIC) of 3.18% is in line with its 5-year average of 3.28%, around the middle of its 5-year range (2.97%–3.67%).
As of Wednesday, June 24, 2026. 4.50% below its 12-month average of 3.33%.
PNW Return on Invested Capital (ROIC) Chart
Reported annual fiscal-period values; no daily interpolation.
PNW Average Return on Invested Capital (ROIC) Chart
PNW Current vs Average Return on Invested Capital (ROIC) Chart
PNW Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
3.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.73%
CURRENT VS TTM AVG
-4.50%
CURRENT VS 3Y AVG
+0.08%
CURRENT VS 5Y AVG
-3.05%
CURRENT VS 10Y AVG
-9.75%
CURRENT VS 15Y AVG
-14.79%
CURRENT VS 20Y AVG
-14.77%
PNW Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $12.77B | 3.18% | 3.33% | 3.18% | 3.28% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.75B | 1.03% | 0.55% | 1.20% | 0.71% |
| The AES Corporation (AES)vs › | $10.48B | 4.24% | 4.35% | 0.13% | 1.91% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 1.08% | 1.24% | 3.55% | 3.27% |
| UGI Corporation (UGI)vs › | $7.44B | 7.61% | 6.02% | 2.94% | 4.93% |
| Talen Energy Corporation (TLN)vs › | $18.70B | -0.72% | 1.46% | 1.71% | -0.86% |
| Alliant Energy Corporation (LNT)vs › | $19.26B | 4.12% | 4.10% | 4.40% | 4.42% |
| Evergy, Inc. (EVRG)vs › | $19.56B | 4.25% | 4.38% | 4.33% | 4.25% |
| Black Hills Corporation (BKH)vs › | $5.62B | 4.63% | 4.69% | 4.70% | 4.72% |
| Fluence Energy, Inc. (FLNC)vs › | $3.91B | -4.70% | -0.84% | -16.00% | -67.86% |
Capital Efficiency
ROIC
3.2%
ROE
9.3%
Pinnacle West Capital Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Pinnacle West Capital Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Pinnacle West Capital Corporation (PNW)?
- The return on invested capital (ROIC) for PNW stock is 3.18%.
- Is Pinnacle West Capital Corporation's return on invested capital (ROIC) high or low?
- Pinnacle West Capital Corporation's return on invested capital (ROIC) of 3.18% is in line with its 5-year average of 3.28%, around the middle of its 5-year range (2.97%–3.67%).
- What is the TTM average return on invested capital (ROIC) for Pinnacle West Capital Corporation (PNW)?
- The TTM average return on invested capital (ROIC) for PNW stock is 3.33%.
- What is the 3Y average return on invested capital (ROIC) for Pinnacle West Capital Corporation (PNW)?
- The 3Y average return on invested capital (ROIC) for PNW stock is 3.18%.
- What is the 5Y average return on invested capital (ROIC) for Pinnacle West Capital Corporation (PNW)?
- The 5Y average return on invested capital (ROIC) for PNW stock is 3.28%.
- What is the 10Y average return on invested capital (ROIC) for Pinnacle West Capital Corporation (PNW)?
- The 10Y average return on invested capital (ROIC) for PNW stock is 3.52%.
- What is the 15Y average return on invested capital (ROIC) for Pinnacle West Capital Corporation (PNW)?
- The 15Y average return on invested capital (ROIC) for PNW stock is 3.73%.
- What is the 20Y average return on invested capital (ROIC) for Pinnacle West Capital Corporation (PNW)?
- The 20Y average return on invested capital (ROIC) for PNW stock is 3.73%.
Pinnacle West Capital Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 3.18% |
| 2024-12-31 | 3.48% |
| 2023-12-31 | 3.08% |
| 2022-12-31 | 2.97% |
| 2021-12-31 | 3.30% |
| 2020-12-31 | 3.67% |
| 2019-12-31 | 3.88% |
| 2018-12-31 | 3.72% |
| 2017-12-31 | 3.77% |
| 2016-12-31 | 3.68% |
| 2015-12-31 | 4.03% |
| 2014-12-31 | 4.01% |
| 2013-12-31 | 4.41% |
| 2012-12-31 | 4.35% |
| 2011-12-31 | 4.02% |
| 2010-12-31 | 4.16% |
| 2009-12-31 | 3.53% |
| 2008-12-31 | 3.53% |
| 2007-12-31 | 3.97% |
| 2006-12-31 | 4.13% |
| 2005-12-31 | 3.48% |
| 2004-12-31 | 3.74% |
| 2003-12-31 | 3.54% |
| 2002-12-31 | 4.26% |
| 2001-12-31 | 5.51% |
| 2000-12-31 | 5.97% |
| 1999-12-31 | 5.69% |
| 1998-12-31 | 5.18% |
| 1997-12-31 | 5.19% |
| 1996-12-31 | 5.11% |
Related Metrics
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