Pinnacle West Capital Corp (PNW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 824,640 | 731,911 | 805,310 | 788,152 | 671,960 |
| Revenue | US$ in thousands | 4,695,990 | 4,324,380 | 3,803,840 | 3,586,980 | 3,471,210 |
| Operating profit margin | 17.56% | 16.93% | 21.17% | 21.97% | 19.36% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $824,640K ÷ $4,695,990K
= 17.56%
The operating profit margin of Pinnacle West Capital Corp. has shown some fluctuations over the past five years. In 2023, the operating profit margin was 17.56%, which was slightly higher than the previous year's margin of 16.93%. However, it was lower compared to the margins in 2021 and 2020, which were 21.17% and 21.97%, respectively. The operating profit margin in 2019 was 19.36%, falling between the margins of the last two years.
Overall, the trend in Pinnacle West Capital Corp.'s operating profit margin indicates some variability but generally robust operating profitability over the period under consideration. Additional analysis would be beneficial to understand the factors driving the fluctuations in the operating profit margin and to assess the company's operational efficiency and financial performance in more detail.
Peer comparison
Dec 31, 2023