Pinnacle West Capital (PNW) Gross Margin (2017 - 2026)
Pinnacle West Capital's Gross Margin was 62.01% in Q1 2026, down 1.17 percentage points from 63.18% a year earlier and down 0.73 percentage points from the prior quarter.
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Analysis
Pinnacle West Capital (PNW) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pinnacle West Capital's Gross Margin was 63.53% through Mar 31, 2026, down 1.03 percentage points year-over-year; for FY2025, it was 63.79%, down 0.64 percentage points from FY2024.
- Gross Margin shows a five-year change of -8.51 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 64.44% in FY2024 (+2.61 pp), 61.83% in FY2023 (-0.50 pp), 62.32% in FY2022 (-7.38 pp) and 69.70% in FY2021 (-2.60 pp).
- The Q1 2026 figure marks the lowest quarterly Gross Margin since Q1 2023.
- Compared with a year earlier, Gross Margin has declined for four straight quarters, with an average year-over-year change of +0.37 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 7.20 percentage points); the worst was Q4 2022 (a drop of 12.94 percentage points).
- Per Business Quant data, PNW's Gross Margin in the three quarters before Q1 2026 was 62.74% (Q4 2025), 63.97% (Q3 2025) and 64.89% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | - |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 84.89% |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 73.41% |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 70.56% |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | - |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 96.40% |
| 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 | 62.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 62.01% |
| Dec 31, 2025 | 62.74% |
| Sep 30, 2025 | 63.97% |
| Jun 30, 2025 | 64.89% |
| Mar 31, 2025 | 63.18% |
| Dec 31, 2024 | 63.84% |
| Sep 30, 2024 | 64.30% |
| Jun 30, 2024 | 66.60% |
| Mar 31, 2024 | 62.40% |
| Dec 31, 2023 | 62.09% |
| Sep 30, 2023 | 62.48% |
| Jun 30, 2023 | 63.65% |
| Mar 31, 2023 | 58.25% |
| Dec 31, 2022 | 54.89% |
| Sep 30, 2022 | 62.13% |
| Jun 30, 2022 | 66.83% |
| Mar 31, 2022 | 66.14% |
| Dec 31, 2021 | 67.82% |
| Sep 30, 2021 | 67.33% |
| Jun 30, 2021 | 73.02% |
API Access
Pinnacle West Capital Gross Margin 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=gross-margin&ticker=PNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=PNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();