Filing Flows › Pinnacle West Capital (PNW) › Q3 2026 › vs Q3 2025
Pinnacle West Capital (PNW) Q3 2026 vs Q3 2025 (year over year)
Pinnacle West Capital's revenue rose $152M (+8%) from $1.8B in Q3 2025 to $2.0B in Q3 2026. Operating margin 31.5% against 32.0% (-0.5 pts).
Pinnacle West Capital, Q3 2026: revenue $2.0B (+8% year over year), operating margin 31.5%, net earnings $434M, operating cash flow $723M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.5% | 32.0% | -0.5 pts |
| Net margin | 22.0% | 22.7% | -0.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.0B | $1.8B | $152M | +8% |
| Operating profit | $621M | $582M | $39.0M | +7% |
| Costs & expenses | $1.4B | $1.2B | $113M | +9% |
| Pre-tax earnings | $517M | $495M | $21.4M | +4% |
| Other expense, net | $104M | $86.4M | $17.6M | +20% |
| Cost of revenue | $758M | $656M | $102M | +16% |
| Other operating costs | $594M | $583M | $11.0M | +2% |
| Net earnings | $434M | $413M | $21.0M | +5% |
| Minority interests | $2.2M | $4.3M | −$2.1M | -49% |
| Income tax | $80.4M | $77.9M | $2.5M | +3% |
| Depreciation & amortization | $259M | $239M | $20.0M | +8% |
| Share-based compensation | $7.6M | $8.9M | −$1.3M | -15% |
| Working capital & other | $21.9M | $3.5M | $18.4M | +532% |
| Operating cash flow | $723M | $665M | $58.2M | +9% |
| Capital expenditures | $735M | $623M | $112M | +18% |
| Negative free cash flow (OCF − capex) | $11.4M | −$42.0M | $53.4M | — |
Questions
How much did Pinnacle West Capital's revenue grow year over year in Q3 2026?
Pinnacle West Capital's revenue rose $152M (+8%) from $1.8B in Q3 2025 to $2.0B in Q3 2026. Operating margin 31.5% against 32.0% (-0.5 pts).