Pinnacle West Capital Corp (PNW) — Capital Reinvestment Ratio
Latest as of September 2025:
0.94x
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 Pinnacle West Capital Corp free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.94x
Capex / Operating Cash Flow
Operating Cash Flow
$664.99 Million
USD
Capital Expenditures
$623.03 Million
USD
Data as of
Sep 2025
Most recent filing
Pinnacle West Capital Corp Capital Reinvestment Ratio (1994–2024)
This chart tracks Pinnacle West Capital Corp's Capital Reinvestment Ratio across 30 annual periods.
Annual Capital Reinvestment Ratio for Pinnacle West Capital Corp (1994–2024)
Year-by-year Capital Reinvestment Ratio for Pinnacle West Capital Corp from 1994 to 2024. For live market cap and broader valuation context, see Pinnacle West Capital Corp market capitalisation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow