Pinnacle West Capital Corp (PNW)

Net profit margin

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (ttm) US$ in thousands 501,557 477,588 405,700 463,349 483,602 535,178 548,650 600,035 618,720 571,745 578,319 556,207 550,559 638,804 604,708 555,268 543,193 505,288 508,024 530,617
Revenue (ttm) US$ in thousands 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 3,471,212 3,557,197 3,634,437 3,739,059
Net profit margin 10.68% 10.13% 8.92% 10.33% 11.18% 13.01% 13.88% 15.42% 16.27% 15.26% 15.66% 15.36% 15.35% 18.17% 17.51% 16.37% 15.65% 14.20% 13.98% 14.19%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $501,557K ÷ $4,695,989K
= 10.68%

The net profit margin of Pinnacle West Capital Corp. has shown fluctuations over the past eight quarters based on the provided data. From Q1 2022 to Q4 2023, the figures ranged from 8.92% to 15.42%.

The net profit margins have generally been above 10% in most quarters, indicating the company's ability to generate profits relative to its revenue. However, there was a noticeable decline from Q2 2022 to Q2 2023, where the margin decreased from 13.88% to 8.92%, suggesting a decrease in profitability during that period.

Subsequently, there was a slight recovery in profitability as the net profit margin increased in the following quarters. Overall, the trend of the net profit margin for Pinnacle West Capital Corp. appears to have experienced some variability but has remained at a relatively healthy level above 10% in most quarters.


Peer comparison

Dec 31, 2023