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PPL vs Pinnacle West Capital: PPL and PNW compared
PPL is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.0B for Pinnacle West Capital (Q3 2026). PPL is growing faster (+12% against +8% a year earlier). Pinnacle West Capital is more profitable, with an operating margin of 31.5% against 26.6%.
Where the money goes: PPL and PNW
PPL (PPL) · Q3 2026
PPL, Q3 2026: revenue $2.5B (+12% year over year), operating margin 26.6%, net earnings $367M, operating cash flow $916M. The chart follows the revenue to costs, profit and cash.
Pinnacle West Capital (PNW) · Q3 2026
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 follows the revenue to costs, profit and cash.
| PPL (PPL) | Pinnacle West Capital (PNW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.5B | $2.0B |
| Revenue growth, Y/Y | +12% | +8% |
| Operating margin | 26.6% | 31.5% |
| Net earnings | $367M | $434M |
| Net margin | 14.7% | 22.0% |
| Operating cash flow | $916M | $723M |
| Market value | $26.8B | $13.1B |
| P/E | 22.7× | 19.9× |
| Analysts’ mean target | $39.78 | $105.70 |
Where the revenue comes from
PPL
- Kentucky Regulated: $1.1B (42%)
- Pennsylvania Regulated: $921M (37%)
- Rhode Island Regulated: $507M (20%)
- Other revenues: $18.0M (1%)
Questions
Which is bigger, PPL or Pinnacle West Capital?
PPL is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.0B for Pinnacle West Capital (Q3 2026).
Is PPL or Pinnacle West Capital growing faster?
PPL is growing faster (+12% against +8% a year earlier).
Which is more profitable, PPL or Pinnacle West Capital?
Pinnacle West Capital is more profitable, with an operating margin of 31.5% against 26.6%.
More: PPL earnings · how PPL makes money · Pinnacle West Capital earnings · how Pinnacle West Capital makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.