Pinnacle West Capital (PNW) Invested Capital (2009 - 2026)
Pinnacle West Capital (PNW) recorded Invested Capital of $18.11 billion in Q1 2026, up 9.2% from $16.58 billion a year earlier and up 2.6% from the prior quarter.
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Analysis
Pinnacle West Capital (PNW) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Pinnacle West Capital reported Invested Capital of $17.65 billion, up 8.4% from FY2024.
- Annual Invested Capital has increased for 14 straight years, with a five-year compound annual growth rate of 7.6% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $16.28 billion in FY2024 (+6.4%), $15.31 billion in FY2023 (+7.1%), $14.29 billion in FY2022 (+6.8%) and $13.38 billion in FY2021 (+9.3%).
- The Q1 2026 figure is the highest quarterly Invested Capital in data going back to Q4 2009.
- On a year-over-year basis, Invested Capital has increased for 35 consecutive quarters, with growth averaging 7.5% over the last eight quarters.
- The year-over-year growth in Invested Capital has ranged between 6.0% (Q1 2024) and 9.3% (Q4 2021) over the last five years.
- Per Business Quant, the preceding three quarters came in at $17.65 billion (Q4 2025), $17.69 billion (Q3 2025) and $17.09 billion (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 176.56 Bn |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 133.48 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 146.72 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | 113.40 Bn |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 86.13 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 86.84 Bn |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 76.66 Bn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 52.95 Bn |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 63.51 Bn |
| 10 | Pinnacle West Capital | 12.32 Bn | 12.26 Bn | 712.87 Mn | 18.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 18.11 Bn |
| Dec 31, 2025 | 17.65 Bn |
| Sep 30, 2025 | 17.69 Bn |
| Jun 30, 2025 | 17.09 Bn |
| Mar 31, 2025 | 16.58 Bn |
| Dec 31, 2024 | 16.28 Bn |
| Sep 30, 2024 | 16.41 Bn |
| Jun 30, 2024 | 15.90 Bn |
| Mar 31, 2024 | 15.52 Bn |
| Dec 31, 2023 | 15.31 Bn |
| Sep 30, 2023 | 15.33 Bn |
| Jun 30, 2023 | 14.86 Bn |
| Mar 31, 2023 | 14.64 Bn |
| Dec 31, 2022 | 14.29 Bn |
| Sep 30, 2022 | 14.20 Bn |
| Jun 30, 2022 | 13.80 Bn |
| Mar 31, 2022 | 13.54 Bn |
| Dec 31, 2021 | 13.38 Bn |
| Sep 30, 2021 | 13.22 Bn |
| Jun 30, 2021 | 12.81 Bn |
API Access
Pinnacle West Capital Invested Capital 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=invested-capital&ticker=PNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=PNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();