Pinnacle West Capital Corp (PNW)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,003,814 | 2,005,263 | 1,916,703 | 1,789,755 | 1,766,772 | 1,738,760 | 1,641,564 | 1,649,225 | 1,621,477 | 1,655,488 | 1,645,723 | 1,689,025 | 1,696,311 | 1,680,959 | 1,714,944 | 1,684,733 | 1,666,350 | 2,108,567 | 2,207,027 | 2,297,258 |
| Revenue (ttm) | US$ in thousands | 5,124,912 | 5,021,076 | 4,890,036 | 4,702,746 | 4,695,989 | 4,713,725 | 4,545,835 | 4,485,805 | 4,324,381 | 4,113,928 | 3,952,308 | 3,890,888 | 3,803,832 | 3,745,936 | 3,692,186 | 3,621,526 | 3,586,981 | 3,516,411 | 3,452,701 | 3,392,612 |
| Gross profit margin | 39.10% | 39.94% | 39.20% | 38.06% | 37.62% | 36.89% | 36.11% | 36.77% | 37.50% | 40.24% | 41.64% | 43.41% | 44.59% | 44.87% | 46.45% | 46.52% | 46.46% | 59.96% | 63.92% | 67.71% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,003,814K ÷ $5,124,912K
= 39.10%
The gross profit margin of Pinnacle West Capital Corp has shown a decreasing trend over the analyzed period from March 31, 2020, to December 31, 2024. The gross profit margin started at a relatively high level of 67.71% in March 2020 and gradually declined to 39.10% by December 2024.
The company's gross profit margin experienced significant fluctuations during this period, with some quarters showing a more pronounced decline than others. The most notable drop occurred between December 2020 and March 2021, where the gross profit margin decreased from 46.46% to 46.52%. Similarly, there was a noticeable decrease between June 2023 and September 2023, with the margin dropping from 36.11% to 36.89%.
Overall, the decreasing trend in the gross profit margin suggests that Pinnacle West Capital Corp may be facing challenges in maintaining profitability from its core business operations over time. Investors and stakeholders, therefore, may need to closely monitor the company's cost structure and revenue generation strategies to ensure long-term sustainability and profitability.
Peer comparison
Dec 31, 2024