What is the current annual net margin of PNW?

As of today, PNW annual net margin is 11.83%

What is 1-year change in PNW annual net margin?

PNW annual net margin is down -3.19% year-over-year

What is 3-year change in PNW annual net margin?

PNW annual net margin is up +2.16% over the past 3 years

How far is PNW annual net margin from its all-time high?

PNW annual net margin is currently -60.45% below its historical high of 29.91% set on December 1, 1984

How does PNW annual net margin rank versus sector peers?

PNW annual net margin is higher than 51.02% of companies in Utilities sector

When is PNW next annual earnings release?

The next annual earnings release for PNW is on February 25, 2027

What is the current quarterly net margin of PNW?

As of today, PNW quarterly net margin is 22.12%

What is PNW quarterly net margin most recent change?

PNW quarterly net margin was up +78.10% on September 30, 2026

What is 1-year change in PNW quarterly net margin?

PNW quarterly net margin is down -3.53% year-over-year

How far is PNW quarterly net margin from its all-time high?

PNW quarterly net margin is currently -34.03% below its historical high of 33.53% set on December 1, 1984

How does PNW quarterly net margin rank versus sector peers?

PNW quarterly net margin is higher than 78.72% of companies in Utilities sector

When is PNW next earnings release?

The next earnings release for PNW is on February 25, 2027

PNW Net Margin History & Chart Since 1980

Annual Net Margin

11.83%0.39%-3.19%

December 31, 2025

Summary

Current Value: As of today, PNW annual net margin is 11.83%, down -3.19% on December 31, 2025
Historical Performance: PNW annual net margin is up +2.16% over the past 3 years, down -25.55% over the past 5 years
All-Time High Comparison: PNW annual net margin is currently -60.45% below its historical high of 29.91% set on December 1, 1984
3-Year Low Comparison: PNW annual net margin is +7.06% above its 3-year low of 11.05% reached on December 31, 2023
Sector Comparison: PNW annual net margin is higher than 51.02% of companies in Utilities sector

Net Margin Chart

beforeafter

Performance

PNW Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 25	11.83%	-3.2%	+2.2%	-25.6%	+10.1%
Quarterly Net Margin	Sep 30, 26	22.12%	-3.5%	-10.0%	-15.9%	-1.9%
Price	Nov 12, 26	$107.03	+20.5%	+55.3%	+61.9%	+128.3%
PE Ratio	Nov 12, 26	20.12	+10.3%	+22.5%	+53.7%	+26.7%
Annual Revenue	Dec 31, 25	$5.34B	+4.2%	+23.5%	+48.9%	+63.7%
Annual Net Income	Dec 31, 25	$631.64M	+0.9%	+26.1%	+10.8%	+80.2%
Annual Gross Margin	Dec 31, 25	25.41%	-2.1%	+69.7%	-11.0%	-28.4%
Annual Operating Margin	Dec 31, 25	20.94%	-2.5%	+113.2%	-5.2%	-28.6%

Net Margin Highs

PNW Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	12.22%	Dec 31, 24	-3.2%
5Y	16.72%	Dec 31, 21	-29.3%
All	29.91%	Dec 1, 84	-60.5%

Net Margin Lows

PNW Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	11.05%	Dec 31, 23	+7.1%
5Y	11.05%	Dec 31, 23	+7.1%
All	-20.81%	Dec 31, 91	+156.8%

Net Margin History

Year	Value	Change
2025	11.83%	-3.2%
2024	12.22%	+10.6%
2023	11.05%	-4.6%
2022	11.58%	-30.7%
2021	16.72%	+5.2%
2020	15.89%	-1.1%
2019	16.07%	+11.9%
2018	14.36%	+0.8%
2017	14.24%	+8.0%
2016	13.19%	+1.1%
2015	13.05%	+7.5%
2014	12.14%	-4.7%
2013	12.74%	+0.3%
2012	12.70%	+15.7%
2011	10.98%	+2.1%
2010	10.75%	+427.0%
2009	2.04%	-70.8%
2008	6.99%	-17.6%
2007	8.48%	-9.0%
2006	9.32%	+24.1%
2005	7.51%	-13.9%
2004	8.72%	+6.6%
2003	8.18%	+0.2%

Year	Value	Change
2002	8.16%	+13.5%
2001	7.19%	-12.2%
2000	8.19%	-26.4%
1999	11.13%	-2.4%
1998	11.40%	-3.6%
1997	11.82%	-5.8%
1996	12.55%	-4.2%
1995	13.10%	-2.2%
1994	13.40%	+14.6%
1993	11.69%	+8.0%
1992	10.82%	+152.0%
1991	-20.81%	-428.2%
1990	6.34%	-39.0%
1989	10.40%	+490.9%
1988	1.76%	-92.3%
1987	22.95%	+4.9%
1986	21.88%	-20.7%
1985	27.58%	-7.8%
1984	29.91%	+21.3%
1983	24.66%	+13.6%
1982	21.71%	-3.0%
1981	22.38%	+18.2%
1980	18.93%	-

FAQ

What is the current annual net margin of PNW?: As of today, PNW annual net margin is 11.83%
What is 1-year change in PNW annual net margin?: PNW annual net margin is down -3.19% year-over-year
What is 3-year change in PNW annual net margin?: PNW annual net margin is up +2.16% over the past 3 years
How far is PNW annual net margin from its all-time high?: PNW annual net margin is currently -60.45% below its historical high of 29.91% set on December 1, 1984
How does PNW annual net margin rank versus sector peers?: PNW annual net margin is higher than 51.02% of companies in Utilities sector
When is PNW next annual earnings release?: The next annual earnings release for PNW is on February 25, 2027

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Quarterly Net Margin

22.12%9.70%+78.10%

September 30, 2026

Summary

Current Value: As of today, PNW quarterly net margin is 22.12%, up +78.10% on September 30, 2026
Historical Performance: PNW quarterly net margin is down -3.53% year-over-year, down -10.01% over the past 3 years
All-Time High Comparison: PNW quarterly net margin is currently -34.03% below its historical high of 33.53% set on December 1, 1984
3-Year Low Comparison: PNW quarterly net margin is +9717.39% above its 3-year low of -0.23% reached on December 31, 2024
Sector Comparison: PNW quarterly net margin is higher than 78.72% of companies in Utilities sector

Performance

PNW Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Sep 30, 26	22.12%	+78.1%	-3.5%	-10.0%	-15.9%
Annual Net Margin	Dec 31, 25	11.83%	–	-3.2%	+2.2%	-25.6%
Price	Nov 12, 26	$107.03	+6.3%	+20.5%	+55.3%	+61.9%
PE Ratio	Nov 12, 26	20.12	+4.1%	+10.3%	+22.5%	+53.7%
Quarterly Revenue	Sep 30, 26	$1.97B	+35.5%	+8.3%	+20.4%	+50.8%
Quarterly Net Income	Sep 30, 26	$436.43M	+141.4%	+4.5%	+8.4%	+26.8%
Quarterly Gross Margin	Sep 30, 26	35.84%	+29.9%	-7.8%	-2.5%	-25.9%
Quarterly Operating Margin	Sep 30, 26	32.96%	+42.6%	-7.6%	-1.6%	-25.3%

Quarterly Net Margin Highs

PNW Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	22.93%	N/A	-3.5%
3Y	24.58%	N/A	-10.0%
5Y	26.30%	N/A	-15.9%
All	33.53%	Dec 1, 84	-34.0%

Quarterly Net Margin Lows

PNW Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	1.56%	Dec 31, 25	+1318.0%
3Y	-0.23%	Dec 31, 24	+9717.4%
5Y	-1.95%	Dec 31, 22	+1234.4%
All	-181.53%	Dec 31, 89	+112.2%

Quarterly Net Margin History

Month	Value	Change
Sep 2026	22.12%	+78.1%
Jun 2026	12.42%	+307.2%
Mar 2026	3.05%	+95.5%
Dec 2025	1.56%	-93.2%
Sep 2025	22.93%	+58.2%
Jun 2025	14.49%	>+9,900.0%
Mar 2025	-0.03%	+87.0%
Dec 2024	-0.23%	-101.0%
Sep 2024	22.57%	+41.9%
Jun 2024	15.90%	+616.2%
Mar 2024	2.22%	+416.3%
Dec 2023	0.43%	-98.3%
Sep 2023	24.58%	+148.5%
Jun 2023	9.89%	+8,890.9%
Mar 2023	0.11%	+105.6%
Dec 2022	-1.95%	-108.7%
Sep 2022	22.49%	+41.6%
Jun 2022	15.88%	+486.0%
Mar 2022	2.71%	-32.1%
Dec 2021	3.99%	-84.8%
Sep 2021	26.30%	+19.9%
Jun 2021	21.94%	+277.0%
Mar 2021	5.82%	+396.9%
Dec 2020	-1.96%	-107.0%
Sep 2020	28.00%	+31.1%
Jun 2020	21.35%	+305.1%
Mar 2020	5.27%	-48.7%
Dec 2019	10.27%	-61.4%
Sep 2019	26.63%	+55.4%
Jun 2019	17.14%	+456.5%
Mar 2019	3.08%	-27.2%
Dec 2018	4.23%	-83.3%
Sep 2018	25.31%	+43.7%
Jun 2018	17.61%	+1,405.1%
Mar 2018	1.17%	-69.2%
Dec 2017	3.80%	-83.9%
Sep 2017	23.62%	+29.5%
Jun 2017	18.24%	+338.5%
Mar 2017	4.16%	-47.1%
Dec 2016	7.87%	-65.7%
Sep 2016	22.96%	+66.5%
Jun 2016	13.79%	+899.3%
Mar 2016	1.38%	-78.0%
Dec 2015	6.26%	-71.4%
Sep 2015	21.86%	+52.7%
Jun 2015	14.32%	+363.4%
Mar 2015	3.09%	+135.9%
Dec 2014	1.31%	-93.8%
Sep 2014	21.16%	+35.6%
Jun 2014	15.60%	+333.3%
Mar 2014	3.60%	-23.2%
Dec 2013	4.69%	-77.0%
Sep 2013	20.37%	+33.6%
Jun 2013	15.25%	+219.0%
Mar 2013	4.78%	-5.2%
Dec 2012	5.04%	-77.9%
Sep 2012	22.80%	+52.8%
Jun 2012	14.92%	>+9,900.0%
Mar 2012	0.05%	-98.3%
Dec 2011	2.93%	-87.0%
Sep 2011	22.54%	+93.6%
Jun 2011	11.64%	+919.7%
Mar 2011	-1.42%	-179.8%
Dec 2010	1.78%	-91.3%
Sep 2010	20.40%	+76.9%
Jun 2010	11.53%	+9,708.3%
Mar 2010	-0.12%	+96.7%
Dec 2009	-3.59%	-121.9%
Sep 2009	16.41%	+94.2%
Jun 2009	8.45%	+131.7%
Mar 2009	-26.66%	-256.4%
Dec 2008	-7.48%	-153.7%
Sep 2008	13.94%	+12.8%
Jun 2008	12.36%	+1,473.3%
Mar 2008	-0.90%	-295.7%
Dec 2007	0.46%	-97.2%
Sep 2007	16.67%	+83.4%
Jun 2007	9.09%	+300.4%
Mar 2007	2.27%	+57.6%
Dec 2006	1.44%	-91.6%
Sep 2006	17.11%	+42.8%
Jun 2006	11.98%	+592.5%
Mar 2006	1.73%	-49.9%
Dec 2005	3.45%	-61.3%
Sep 2005	8.91%	-21.4%
Jun 2005	11.33%	+90.7%

Month	Value	Change
Mar 2005	5.94%	+48.9%
Dec 2004	3.99%	-66.0%
Sep 2004	11.72%	+19.2%
Jun 2004	9.83%	+89.8%
Mar 2004	5.18%	-17.3%
Dec 2003	6.26%	-45.9%
Sep 2003	11.57%	+59.6%
Jun 2003	7.25%	+117.1%
Mar 2003	3.34%	+244.6%
Dec 2002	-2.31%	-120.0%
Sep 2002	11.56%	+5.4%
Jun 2002	10.97%	+21.2%
Mar 2002	9.05%	+88.1%
Dec 2001	4.81%	-54.3%
Sep 2001	10.52%	+99.6%
Jun 2001	5.27%	-22.6%
Mar 2001	6.81%	+34.9%
Dec 2000	5.05%	-30.1%
Sep 2000	7.22%	-39.2%
Jun 2000	11.88%	+7.2%
Mar 2000	11.08%	+32.2%
Dec 1999	8.38%	-54.2%
Sep 1999	18.29%	+44.8%
Jun 1999	12.63%	+74.7%
Mar 1999	7.23%	-6.3%
Dec 1998	7.72%	-54.8%
Sep 1998	17.08%	+56.3%
Jun 1998	10.93%	+33.5%
Mar 1998	8.19%	+91.4%
Dec 1997	4.28%	-77.1%
Sep 1997	18.73%	+36.3%
Jun 1997	13.74%	+115.7%
Mar 1997	6.37%	+260.1%
Dec 1996	-3.98%	-122.2%
Sep 1996	17.89%	+37.3%
Jun 1996	13.03%	+50.5%
Mar 1996	8.66%	+381.1%
Dec 1995	1.80%	-91.2%
Sep 1995	20.49%	+91.0%
Jun 1995	10.73%	+50.9%
Mar 1995	7.11%	-28.9%
Dec 1994	10.00%	-41.0%
Sep 1994	16.96%	+43.7%
Jun 1994	11.80%	+94.1%
Mar 1994	6.08%	+42.1%
Dec 1993	4.28%	-73.6%
Sep 1993	16.22%	+72.6%
Jun 1993	9.40%	-24.7%
Mar 1993	12.48%	+104.6%
Dec 1992	6.10%	-62.4%
Sep 1992	16.21%	+73.0%
Jun 1992	9.37%	+316.4%
Mar 1992	2.25%	+102.4%
Dec 1991	-92.95%	-669.2%
Sep 1991	16.33%	+328.6%
Jun 1991	3.81%	+129.5%
Mar 1991	1.66%	-77.0%
Dec 1990	7.21%	-40.0%
Sep 1990	12.01%	+2,302.0%
Jun 1990	0.50%	-86.4%
Mar 1990	3.69%	+102.0%
Dec 1989	-181.53%	>-9,900.0%
Sep 1989	1.10%	+136.9%
Jun 1989	-2.98%	-150.9%
Mar 1989	5.86%	+115.9%
Dec 1988	-36.81%	-405.2%
Sep 1988	12.06%	-8.8%
Jun 1988	13.22%	+33.7%
Mar 1988	9.89%	-47.5%
Dec 1987	18.85%	-17.9%
Sep 1987	22.96%	+16.5%
Jun 1987	19.71%	+1.1%
Mar 1987	19.50%	+12.4%
Dec 1986	17.35%	-26.4%
Sep 1986	23.56%	+59.7%
Jun 1986	14.75%	-16.2%
Mar 1986	17.60%	-26.2%
Dec 1985	23.84%	-14.6%
Sep 1985	27.90%	+25.1%
Jun 1985	22.30%	+15.8%
Mar 1985	19.25%	-42.6%
Dec 1984	33.53%	+2.4%
Sep 1984	32.75%	+25.6%
Jun 1984	26.07%	+0.9%
Mar 1984	25.85%	-

FAQ

What is the current quarterly net margin of PNW?: As of today, PNW quarterly net margin is 22.12%
What is PNW quarterly net margin most recent change?: PNW quarterly net margin was up +78.10% on September 30, 2026
What is 1-year change in PNW quarterly net margin?: PNW quarterly net margin is down -3.53% year-over-year
How far is PNW quarterly net margin from its all-time high?: PNW quarterly net margin is currently -34.03% below its historical high of 33.53% set on December 1, 1984
How does PNW quarterly net margin rank versus sector peers?: PNW quarterly net margin is higher than 78.72% of companies in Utilities sector
When is PNW next earnings release?: The next earnings release for PNW is on February 25, 2027

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Data Sources & References

PNW Official Website www.pinnaclewest.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/764622/000076462226000011/0000764622-26-000011-index.htm
PNW Profile on Yahoo Finance finance.yahoo.com/quote/PNW
PNW Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/pnw