Pinnacle West Capital Corp (PNW)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 719,335 | 578,469 | 558,429 | 728,806 | 628,732 |
| Revenue | US$ in thousands | 5,124,920 | 4,695,990 | 4,324,380 | 3,803,840 | 3,586,980 |
| Pretax margin | 14.04% | 12.32% | 12.91% | 19.16% | 17.53% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $719,335K ÷ $5,124,920K
= 14.04%
Pinnacle West Capital Corp has demonstrated varying trends in its pretax margin over the past five years. The analysis indicates that the pretax margin has experienced fluctuations, starting at 17.53% in December 2020 and increasing to 19.16% by December 2021. However, there was a decline in pretax margin to 12.91% by December 2022, followed by a further decrease to 12.32% by December 2023. Subsequently, there was a slight recovery as the pretax margin rose to 14.04% by December 2024.
Overall, the pretax margin of Pinnacle West Capital Corp has exhibited a mixed performance over the specified period, showing both improvements and declines. It would be essential for stakeholders to closely monitor the factors influencing these fluctuations to assess the company's financial health and profitability in the future.
Peer comparison
Dec 31, 2024