Pinnacle West Capital

PNW · Utilities · Market cap $12.2B

Q3 FY25 Sep 30, 2025 reported Nov 3, 2025

Revenue$1.8B +3% year over year

Gross profit$1.2B

Operating profit$0.6B

Net profit$0.4B 23% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.8	100%	+3%
Residential	1	56%
Non-Residential	0.8	44%
Cost of revenue	−0.7	39%
Gross profit	1.2	64% margin	+0pp
Operating expenses	−0.6	32%	+0pp
Operating profit	0.6	32% margin	+1pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.4	23%	+0pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1	100%	+8%
Non-Residential	0.5	50%
Residential	0.4	40%
Cost of revenue	−0.4	40%
Gross profit	0.7	63% margin	+1pp
Operating expenses	−0.6	58%	+0pp
Operating profit	0.1	6% margin	−1pp
Interest & other costs	−0.1
Net profit	0	0%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY25	Sep 30, 2025	Nov 3, 2025	$1.8B	+3%	33%	$0.4B	23%
Q1 FY25	Jan 1 – Mar 31, 2025	May 1, 2025	$1B	+8%	10%	$0B	0%