Pinnacle West Capital (PNW) Cost of Revenue (2017 - 2026)
Pinnacle West Capital (PNW) reported Cost of Revenue of $436.73 million for Q1 2026, up 14.9% from $380.07 million a year earlier and up 3.9% from the prior quarter.
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Analysis
Pinnacle West Capital (PNW) Cost of Revenue (2017 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Pinnacle West Capital's Cost of Revenue came in at $1.99 billion, up 7.9% year-over-year; for FY2025, it was $1.93 billion, up 6.1% from FY2024.
- Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 14.2% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $1.82 billion in FY2024 (+1.7%), $1.79 billion in FY2023 (+10.0%), $1.63 billion in FY2022 (+41.4%) and $1.15 billion in FY2021 (+16.0%).
- Five-year quarterly Cost of Revenue spans a low of $257.04 million in Q4 2021 and a high of $655.97 million in Q3 2025.
- Year over year, Cost of Revenue has now increased in each of the last eight quarters, with growth averaging 6.9% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q4 2022 (growth of 77.1%); the low point was Q4 2023 (a decline of 17.4%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $420.37 million (Q4 2025), $655.97 million (Q3 2025) and $477.01 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | - |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 1.05 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 2.44 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 1.60 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | - |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 108.00 Mn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | - |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | - |
| 10 | Pinnacle West Capital | 12.32 Bn | 12.26 Bn | 712.87 Mn | 436.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 436.73 Mn |
| Dec 31, 2025 | 420.37 Mn |
| Sep 30, 2025 | 655.97 Mn |
| Jun 30, 2025 | 477.01 Mn |
| Mar 31, 2025 | 380.07 Mn |
| Dec 31, 2024 | 396.15 Mn |
| Sep 30, 2024 | 631.38 Mn |
| Jun 30, 2024 | 437.17 Mn |
| Mar 31, 2024 | 357.86 Mn |
| Dec 31, 2023 | 375.88 Mn |
| Sep 30, 2023 | 614.52 Mn |
| Jun 30, 2023 | 407.75 Mn |
| Mar 31, 2023 | 394.50 Mn |
| Dec 31, 2022 | 455.32 Mn |
| Sep 30, 2022 | 556.57 Mn |
| Jun 30, 2022 | 352.19 Mn |
| Mar 31, 2022 | 265.27 Mn |
| Dec 31, 2021 | 257.04 Mn |
| Sep 30, 2021 | 427.45 Mn |
| Jun 30, 2021 | 269.84 Mn |
API Access
Pinnacle West Capital Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "PNW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();