Pinnacle West Capital Corp Capital Reinvestment Ratio
Pinnacle West Capital Corp capital reinvestment ratio. Pinnacle West Capital Corp (PNW) has a Capital Reinvestment Ratio of 0.94x as of September 2025, meaning it reinvests 1% of its operating cash flow ($664.99 Million) in capital expenditures ($623.03 Million). See PNW cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Pinnacle West Capital Corp (1994–2024)
Capital reinvestment ratio of Pinnacle West Capital Corp from 1994 to 2024. This chart tracks Pinnacle West Capital Corp's Capital Reinvestment Ratio across 30 annual periods. See Pinnacle West Capital Corp (PNW) financial flexibility to measure the company's free cash flow as a share of total liabilities.
Pinnacle West Capital Corp Capital Reinvestment Ratio by Year (1994–2024)
Pinnacle West Capital Corp capital reinvestment ratio by year from 1994 to 2024. For the full cash flow conversion analysis, see Pinnacle West Capital Corp cash conversion from operations.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 1.40x | $1.61 Billion | $2.25 Billion | ▼ -8.6% |
| 2023 | 1.53x | $1.21 Billion | $1.85 Billion | ▲ +11.2% |
| 2022 | 1.38x | $1.24 Billion | $1.71 Billion | ▼ -19.7% |
| 2021 | 1.71x | $860.01 Million | $1.47 Billion | ▲ +24.8% |
| 2020 | 1.37x | $966.37 Million | $1.33 Billion | ▲ +10.2% |
| 2019 | 1.25x | $956.73 Million | $1.19 Billion | ▲ +35.0% |
| 2018 | 0.92x | $1.28 Billion | $1.18 Billion | ▼ -26.8% |
| 2017 | 1.26x | $1.12 Billion | $1.41 Billion | ▲ +1.1% |
| 2016 | 1.25x | $1.02 Billion | $1.28 Billion | ▲ +26.7% |
| 2015 | 0.98x | $1.09 Billion | $1.08 Billion | ▲ +18.7% |
| 2014 | 0.83x | $1.10 Billion | $910.63 Million | ▼ -6.0% |
| 2013 | 0.88x | $1.15 Billion | $1.02 Billion | ▲ +16.0% |
| 2012 | 0.76x | $1.17 Billion | $889.55 Million | ▼ -3.3% |
| 2011 | 0.79x | $1.13 Billion | $884.35 Million | ▼ -21.2% |
| 2010 | 1.00x | $750.46 Million | $748.37 Million | ▲ +34.5% |
| 2009 | 0.74x | $1.03 Billion | $764.61 Million | ▼ -35.5% |
| 2008 | 1.15x | $813.57 Million | $935.58 Million | ▼ -17.6% |
| 2007 | 1.40x | $657.94 Million | $918.58 Million | ▼ -25.5% |
| 2006 | 1.87x | $393.50 Million | $737.78 Million | ▲ +116.1% |
| 2005 | 0.87x | $730.30 Million | $633.53 Million | ▲ +35.7% |
| 2004 | 0.64x | $842.08 Million | $538.23 Million | ▼ -16.9% |
| 2003 | 0.77x | $901.83 Million | $693.48 Million | ▼ -25.2% |
| 2002 | 1.03x | $870.77 Million | $895.52 Million | ▼ -43.6% |
| 2001 | 1.82x | $570.93 Million | $1.04 Billion | ▲ +93.6% |
| 2000 | 0.94x | $699.56 Million | $658.61 Million | ▲ +74.3% |
| 1999 | 0.54x | $635.60 Million | $343.40 Million | ▲ +2.6% |
| 1998 | 0.53x | $605.80 Million | $319.10 Million | ▲ +16.6% |
| 1996 | 0.45x | $572.50 Million | $258.60 Million | ▼ -15.1% |
| 1995 | 0.53x | $555.90 Million | $295.80 Million | ▲ +3.6% |
| 1994 | 0.51x | $497.20 Million | $255.30 Million | — |