Pinnacle West Capital Corp (PNW) — Cash Flow Quality Index
Pinnacle West Capital Corp (PNW) has a Cash Flow Quality Index of 1.61x as of September 2025. Operating cash flow of $664.99 Million exceeds net income of $413.21 Million, indicating high earnings quality where cash backs reported profits. Explore Pinnacle West Capital Corp (PNW) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Pinnacle West Capital Corp Cash Flow Quality Index (1994–2024)
Historical Cash Flow Quality Index for Pinnacle West Capital Corp across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Pinnacle West Capital Corp operating cash flow efficiency.
Annual Cash Flow Quality Index for Pinnacle West Capital Corp (1994–2024)
Year-by-year earnings quality comparison for Pinnacle West Capital Corp.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.57x | $1.61 Billion | $626.03 Million | ▲ +10.5% |
| 2023 | 2.33x | $1.21 Billion | $518.78 Million | ▼ -6.1% |
| 2022 | 2.48x | $1.24 Billion | $500.83 Million | ▲ +83.3% |
| 2021 | 1.35x | $860.01 Million | $635.94 Million | ▼ -20.2% |
| 2020 | 1.70x | $966.37 Million | $570.05 Million | ▼ -1.2% |
| 2019 | 1.72x | $956.73 Million | $557.81 Million | ▼ -28.8% |
| 2018 | 2.41x | $1.28 Billion | $530.54 Million | ▲ +9.4% |
| 2017 | 2.20x | $1.12 Billion | $507.95 Million | ▼ -0.7% |
| 2016 | 2.22x | $1.02 Billion | $461.53 Million | ▼ -7.6% |
| 2015 | 2.40x | $1.09 Billion | $456.19 Million | ▼ -7.6% |
| 2014 | 2.60x | $1.10 Billion | $423.70 Million | ▼ -1.0% |
| 2013 | 2.62x | $1.15 Billion | $439.97 Million | ▼ -7.5% |
| 2012 | 2.83x | $1.17 Billion | $413.16 Million | ▼ -7.6% |
| 2011 | 3.07x | $1.13 Billion | $366.94 Million | ▲ +51.3% |
| 2010 | 2.03x | $750.46 Million | $370.21 Million | ▼ -89.5% |
| 2009 | 19.25x | $1.03 Billion | $53.55 Million | ▲ +473.0% |
| 2008 | 3.36x | $813.57 Million | $242.12 Million | ▲ +56.9% |
| 2007 | 2.14x | $657.94 Million | $307.14 Million | ▲ +78.1% |
| 2006 | 1.20x | $393.50 Million | $327.25 Million | ▼ -71.0% |
| 2005 | 4.14x | $730.30 Million | $176.27 Million | ▲ +19.7% |
| 2004 | 3.46x | $842.08 Million | $243.19 Million | ▼ -7.6% |
| 2003 | 3.75x | $901.83 Million | $240.58 Million | ▼ -7.4% |
| 2002 | 4.05x | $870.77 Million | $215.15 Million | ▲ +132.1% |
| 2001 | 1.74x | $570.93 Million | $327.37 Million | ▼ -24.6% |
| 2000 | 2.31x | $699.56 Million | $302.33 Million | ▲ +12.1% |
| 1999 | 2.06x | $635.60 Million | $307.80 Million | ▼ -17.2% |
| 1998 | 2.49x | $605.80 Million | $242.90 Million | ▼ -7.7% |
| 1997 | 2.70x | $637.60 Million | $235.90 Million | ▼ -4.8% |
| 1996 | 2.84x | $572.50 Million | $201.60 Million | ▲ +2.0% |
| 1995 | 2.79x | $555.90 Million | $199.60 Million | ▲ +12.4% |
| 1994 | 2.48x | $497.20 Million | $200.60 Million | — |