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.