Pinnacle West Capital annual free cash flow
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2025
Pinnacle West Capital Free Cash Flow (FCF) History (PNW)
Pinnacle West Capital reported −$819.5M in free cash flow for fiscal 2025, a decrease of $180.2M from the previous fiscal year, with a free cash flow margin of −15.35%.
View full Pinnacle West Capital company overviewPinnacle West Capital free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$819.5M | −$180.2M | — | −15.35% |
| 2024 | 2024-12-31 | −$639.4M | −$699,000 | — | −12.48% |
| 2023 | 2023-12-31 | −$638.7M | −$172.6M | — | −13.60% |
| 2022 | 2022-12-31 | −$466.0M | $147.4M | — | −10.78% |
| 2021 | 2021-12-31 | −$613.5M | −$253.2M | — | −16.13% |
| 2020 | 2020-12-31 | −$360.2M | −$125.5M | — | −10.04% |
| 2019 | 2019-12-31 | −$234.7M | −$333.7M | — | −6.76% |
| 2018 | 2018-12-31 | $99.0M | $389.7M | — | +2.68% |
| 2017 | 2017-12-31 | −$290.7M | −$38.7M | — | −8.15% |
| 2016 | 2016-12-31 | −$252.1M | −$270.3M | — | −7.21% |
| 2015 | 2015-12-31 | $18.2M | −$170.8M | −90.35% | +0.52% |
| 2014 | 2014-12-31 | $189.0M | $52.0M | +37.97% | +5.41% |
| 2013 | 2013-12-31 | $137.0M | −$144.6M | −51.35% | +3.97% |
| 2012 | 2012-12-31 | $281.6M | $40.3M | +16.72% | +8.53% |
| 2011 | 2011-12-31 | $241.2M | $239.2M | +11481.04% | +7.44% |
| 2010 | 2010-12-31 | $2.1M | −$300.6M | −99.31% | +0.07% |
| 2009 | 2009-12-31 | $302.7M | $390.2M | — | +9.60% |
| 2008 | 2008-12-31 | −$87.5M | — | — | −2.72% |
Pinnacle West Capital quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$334.7M | $113.4M | — | −22.99% |
| Q1 2026 | 2026-03-31 | −$393.1M | −$172.4M | — | −34.19% |
| Q4 2025 | 2025-12-31 | −$192.7M | −$100.6M | — | −17.08% |
| Q3 2025 | 2025-09-30 | $42.0M | $74.6M | — | +2.30% |
| Q2 2025 | 2025-06-30 | −$448.1M | −$103.9M | — | −32.98% |
| Q1 2025 | 2025-03-31 | −$220.7M | −$50.3M | — | −21.38% |
| Q4 2024 | 2024-12-31 | −$92.1M | $65.9M | — | −8.41% |
| Q3 2024 | 2024-09-30 | −$32.7M | −$32.6M | — | −1.85% |
| Q2 2024 | 2024-06-30 | −$344.2M | −$97.2M | — | −26.29% |
| Q1 2024 | 2024-03-31 | −$170.4M | $63.2M | — | −17.90% |
| Q4 2023 | 2023-12-31 | −$158.0M | $63.1M | — | −15.94% |
| Q3 2023 | 2023-09-30 | −$48,000 | −$10.0M | — | −0.00% |
| Q2 2023 | 2023-06-30 | −$247.0M | −$43.1M | — | −22.02% |
| Q1 2023 | 2023-03-31 | −$233.6M | −$182.6M | — | −24.72% |
| Q4 2022 | 2022-12-31 | −$221.1M | $46.4M | — | −21.91% |
| Q3 2022 | 2022-09-30 | $10.0M | −$12.9M | −56.35% | +0.68% |
| Q2 2022 | 2022-06-30 | −$204.0M | $3.1M | — | −19.21% |
| Q1 2022 | 2022-03-31 | −$51.0M | $110.8M | — | −6.51% |
| Q4 2021 | 2021-12-31 | −$267.5M | −$106.4M | — | −33.49% |
| Q3 2021 | 2021-09-30 | $22.9M | −$86.0M | −78.99% | +1.75% |
| Q2 2021 | 2021-06-30 | −$207.0M | −$55.5M | — | −20.70% |
| Q1 2021 | 2021-03-31 | −$161.8M | −$5.4M | — | −23.23% |
| Q4 2020 | 2020-12-31 | −$161.2M | $50.4M | — | −21.75% |
| Q3 2020 | 2020-09-30 | $108.9M | −$63.4M | −36.81% | +8.68% |
| Q2 2020 | 2020-06-30 | −$151.6M | −$42.4M | — | −16.30% |
| Q1 2020 | 2020-03-31 | −$156.4M | −$70.0M | — | −23.63% |
| Q4 2019 | 2019-12-31 | −$211.6M | −$249.3M | — | −31.56% |
| Q3 2019 | 2019-09-30 | $172.3M | −$173.1M | −50.11% | +14.47% |
| Q2 2019 | 2019-06-30 | −$109.1M | −$19.1M | — | −12.55% |
| Q1 2019 | 2019-03-31 | −$86.4M | $107.8M | — | −11.66% |
| Q4 2018 | 2018-12-31 | $37.7M | $72.6M | — | +4.98% |
| Q3 2018 | 2018-09-30 | $345.5M | $198.2M | +134.63% | +27.24% |
| Q2 2018 | 2018-06-30 | −$90.0M | $104.3M | — | −9.24% |
| Q1 2018 | 2018-03-31 | −$194.2M | $14.6M | — | −28.03% |
| Q4 2017 | 2017-12-31 | −$34.9M | −$32.7M | — | −4.60% |
| Q3 2017 | 2017-09-30 | $147.2M | $88.0M | +148.40% | +12.44% |
| Q2 2017 | 2017-06-30 | −$194.3M | −$119.4M | — | −20.57% |
| Q1 2017 | 2017-03-31 | −$208.8M | $25.5M | — | −30.80% |
| Q4 2016 | 2016-12-31 | −$2.2M | $22.2M | — | −0.30% |
| Q3 2016 | 2016-09-30 | $59.3M | −$120.1M | −66.96% | +5.08% |
| Q2 2016 | 2016-06-30 | −$74.8M | −$45.0M | — | −8.18% |
| Q1 2016 | 2016-03-31 | −$234.3M | −$127.4M | — | −34.60% |
| Q4 2015 | 2015-12-31 | −$24.4M | $54.8M | — | −3.33% |
| Q3 2015 | 2015-09-30 | $179.4M | −$12.5M | −6.53% | +14.96% |
| Q2 2015 | 2015-06-30 | −$29.8M | −$64.5M | — | −3.35% |
| Q1 2015 | 2015-03-31 | −$106.9M | −$148.6M | — | −15.93% |
| Q4 2014 | 2014-12-31 | −$79.3M | $84.6M | — | −10.91% |
| Q3 2014 | 2014-09-30 | $191.9M | −$31.2M | −13.99% | +16.37% |
| Q2 2014 | 2014-06-30 | $34.6M | −$13.7M | −28.42% | +3.82% |
| Q1 2014 | 2014-03-31 | $41.7M | $12.4M | +42.32% | +6.08% |
| Q4 2013 | 2013-12-31 | −$163.8M | −$186.6M | — | −23.41% |
| Q3 2013 | 2013-09-30 | $223.2M | −$1.8M | −0.79% | +19.36% |
| Q2 2013 | 2013-06-30 | $48.4M | −$111.1M | −69.68% | +5.28% |
| Q1 2013 | 2013-03-31 | $29.3M | $154.9M | — | +4.27% |
| Q4 2012 | 2012-12-31 | $22.8M | $58.8M | — | +3.29% |
| Q3 2012 | 2012-09-30 | $224.9M | −$3.3M | −1.45% | +20.27% |
| Q2 2012 | 2012-06-30 | $159.5M | $162.4M | — | +18.15% |
| Q1 2012 | 2012-03-31 | −$125.6M | −$177.6M | — | −20.24% |
| Q4 2011 | 2011-12-31 | −$36.0M | −$21.3M | — | −5.39% |
| Q3 2011 | 2011-09-30 | $228.2M | $34.3M | +17.67% | +20.29% |
| Q2 2011 | 2011-06-30 | −$2.9M | −$42.0M | — | −0.37% |
| Q1 2011 | 2011-03-31 | $51.9M | $268.2M | — | +8.01% |
| Q4 2010 | 2010-12-31 | −$14.7M | −$418.5M | — | −2.27% |
| Q3 2010 | 2010-09-30 | $194.0M | — | — | +17.37% |
| Q2 2010 | 2010-06-30 | $39.1M | — | — | +4.87% |
| Q1 2010 | 2010-03-31 | −$216.2M | — | — | −34.86% |
| Q3 2009 | 2009-09-30 | $403.8M | — | — | +37.07% |
Pinnacle West Capital free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −$360.2M to −$819.5M, a net decrease of $459.3M. Pinnacle West Capital's latest reported quarter, Q2 2026, generated −$334.7M in free cash flow, an increase of $113.4M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Pinnacle West Capital filings at SEC.gov ↗