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