Pinnacle West Capital Corp (PNW) - Net Assets
Based on the latest financial reports, Pinnacle West Capital Corp (PNW) has net assets worth $7.21 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.89 Billion) and total liabilities ($22.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Pinnacle West Capital Corp's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.21 Billion |
| % of Total Assets | 24.12% |
| Annual Growth Rate | 4.12% |
| 5-Year Change | 19.2% |
| 10-Year Change | 45.3% |
| Growth Volatility | 3.89 |
Pinnacle West Capital Corp - Net Assets Trend (1994–2024)
This chart illustrates how Pinnacle West Capital Corp's net assets have evolved over time, based on quarterly financial data. Also explore Pinnacle West Capital Corp (PNW) total assets for the complete picture of this company's asset base.
Annual Net Assets for Pinnacle West Capital Corp (1994–2024)
The table below shows the annual net assets of Pinnacle West Capital Corp from 1994 to 2024. For live valuation and market cap data, see PNW company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.86 Billion | +9.11% |
| 2023-12-31 | $6.28 Billion | +2.03% |
| 2022-12-31 | $6.16 Billion | +2.30% |
| 2021-12-31 | $6.02 Billion | +4.67% |
| 2020-12-31 | $5.75 Billion | +3.59% |
| 2019-12-31 | $5.55 Billion | +3.82% |
| 2018-12-31 | $5.35 Billion | +4.15% |
| 2017-12-31 | $5.14 Billion | +4.05% |
| 2016-12-31 | $4.94 Billion | +4.59% |
| 2015-12-31 | $4.72 Billion | +4.43% |
| 2014-12-31 | $4.52 Billion | +4.12% |
| 2013-12-31 | $4.34 Billion | +5.81% |
| 2012-12-31 | $4.10 Billion | +4.37% |
| 2011-12-31 | $3.93 Billion | +4.12% |
| 2010-12-31 | $3.78 Billion | +12.84% |
| 2009-12-31 | $3.35 Billion | -2.91% |
| 2008-12-31 | $3.45 Billion | -2.42% |
| 2007-12-31 | $3.53 Billion | +2.48% |
| 2006-12-31 | $3.45 Billion | +0.62% |
| 2005-12-31 | $3.42 Billion | +16.09% |
| 2004-12-31 | $2.95 Billion | +4.26% |
| 2003-12-31 | $2.83 Billion | +5.35% |
| 2002-12-31 | $2.69 Billion | +7.48% |
| 2001-12-31 | $2.50 Billion | +4.89% |
| 2000-12-31 | $2.38 Billion | +8.03% |
| 1999-12-31 | $2.21 Billion | -2.34% |
| 1998-12-31 | $2.26 Billion | +2.73% |
| 1997-12-31 | $2.20 Billion | +0.44% |
| 1996-12-31 | $2.19 Billion | +1.83% |
| 1995-12-31 | $2.15 Billion | +5.12% |
| 1994-12-31 | $2.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pinnacle West Capital Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2612.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.67 Billion | 54.29% |
| Common Stock | $3.12 Billion | 46.22% |
| Other Comprehensive Income | $-30.94 Million | -0.46% |
| Total Equity | $6.75 Billion | 100.00% |
Pinnacle West Capital Corp Competitors by Market Cap
The table below lists competitors of Pinnacle West Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guidewire Software Inc
NYSE:GWRE
|
$11.15 Billion |
|
TELECOM ITALIA ADR 1
F:TQIA
|
$11.15 Billion |
|
Kerry Group
IR:KRZ
|
$11.15 Billion |
|
Dr. Reddy’s Laboratories Ltd ADR
NYSE:RDY
|
$11.16 Billion |
|
AB SKF (publ)
ST:SKF-B
|
$11.14 Billion |
|
Summit Therapeutics PLC
NASDAQ:SMMT
|
$11.14 Billion |
|
Weichai Power Co. Ltd
F:WI4
|
$11.13 Billion |
|
TMX Group Limited
TO:X
|
$11.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pinnacle West Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,177,664,000 to 6,754,311,000, a change of 576,647,000 (9.3%).
- Net income of 608,806,000 contributed positively to equity growth.
- Dividend payments of 394,663,000 reduced retained earnings.
- Share repurchases of 341,429,000 reduced equity.
- Other comprehensive income increased equity by 2,202,000.
- Other factors increased equity by 701,731,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $608.81 Million | +9.01% |
| Dividends Paid | $394.66 Million | -5.84% |
| Share Repurchases | $341.43 Million | -5.05% |
| Other Comprehensive Income | $2.20 Million | +0.03% |
| Other Changes | $701.73 Million | +10.39% |
| Total Change | $- | 9.33% |
Book Value vs Market Value Analysis
This analysis compares Pinnacle West Capital Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.28x to 1.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $23.40 | $100.17 | x |
| 1995-12-31 | $24.59 | $100.17 | x |
| 1996-12-31 | $24.87 | $100.17 | x |
| 1997-12-31 | $25.54 | $100.17 | x |
| 1998-12-31 | $26.46 | $100.17 | x |
| 1999-12-31 | $25.95 | $100.17 | x |
| 2000-12-31 | $28.05 | $100.17 | x |
| 2001-12-31 | $29.46 | $100.17 | x |
| 2002-12-31 | $31.62 | $100.17 | x |
| 2003-12-31 | $30.96 | $100.17 | x |
| 2004-12-31 | $32.27 | $100.17 | x |
| 2005-12-31 | $35.36 | $100.17 | x |
| 2006-12-31 | $34.46 | $100.17 | x |
| 2007-12-31 | $35.02 | $100.17 | x |
| 2008-12-31 | $34.13 | $100.17 | x |
| 2009-12-31 | $32.75 | $100.17 | x |
| 2010-12-31 | $34.38 | $100.17 | x |
| 2011-12-31 | $34.79 | $100.17 | x |
| 2012-12-31 | $35.94 | $100.17 | x |
| 2013-12-31 | $37.85 | $100.17 | x |
| 2014-12-31 | $39.28 | $100.17 | x |
| 2015-12-31 | $41.09 | $100.17 | x |
| 2016-12-31 | $42.87 | $100.17 | x |
| 2017-12-31 | $44.56 | $100.17 | x |
| 2018-12-31 | $46.41 | $100.17 | x |
| 2019-12-31 | $48.16 | $100.17 | x |
| 2020-12-31 | $49.88 | $100.17 | x |
| 2021-12-31 | $52.18 | $100.17 | x |
| 2022-12-31 | $53.33 | $100.17 | x |
| 2023-12-31 | $54.28 | $100.17 | x |
| 2024-12-31 | $58.11 | $100.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pinnacle West Capital Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.88%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 3.86x
- Recent ROE (9.01%) is above the historical average (8.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.81% | 11.90% | 0.24x | 3.38x | $-3.90 Million |
| 1995 | 8.75% | 11.26% | 0.24x | 3.25x | $-26.97 Million |
| 1996 | 8.28% | 9.97% | 0.26x | 3.19x | $-37.60 Million |
| 1997 | 10.73% | 11.82% | 0.29x | 3.12x | $16.04 Million |
| 1998 | 10.75% | 11.40% | 0.31x | 3.02x | $17.04 Million |
| 1999 | 7.61% | 6.93% | 0.37x | 3.00x | $-52.67 Million |
| 2000 | 12.69% | 8.19% | 0.52x | 3.00x | $64.06 Million |
| 2001 | 12.49% | 6.86% | 0.57x | 3.19x | $62.23 Million |
| 2002 | 5.56% | 5.67% | 0.31x | 3.14x | $-119.21 Million |
| 2003 | 8.50% | 8.54% | 0.30x | 3.37x | $-42.40 Million |
| 2004 | 8.24% | 8.39% | 0.29x | 3.35x | $-51.82 Million |
| 2005 | 5.15% | 5.90% | 0.26x | 3.31x | $-166.23 Million |
| 2006 | 9.50% | 9.62% | 0.30x | 3.32x | $-17.36 Million |
| 2007 | 8.70% | 8.72% | 0.31x | 3.18x | $-46.02 Million |
| 2008 | 7.03% | 7.19% | 0.29x | 3.37x | $-102.47 Million |
| 2009 | 2.06% | 2.07% | 0.28x | 3.56x | $-263.28 Million |
| 2010 | 9.50% | 10.73% | 0.26x | 3.36x | $-18.28 Million |
| 2011 | 8.88% | 10.47% | 0.25x | 3.43x | $-42.71 Million |
| 2012 | 9.60% | 11.56% | 0.25x | 3.37x | $-15.74 Million |
| 2013 | 9.68% | 11.75% | 0.26x | 3.22x | $-13.37 Million |
| 2014 | 9.10% | 11.39% | 0.24x | 3.28x | $-39.15 Million |
| 2015 | 9.54% | 12.51% | 0.23x | 3.28x | $-21.13 Million |
| 2016 | 9.20% | 12.63% | 0.22x | 3.33x | $-38.33 Million |
| 2017 | 9.76% | 13.70% | 0.21x | 3.40x | $-12.21 Million |
| 2018 | 9.78% | 13.84% | 0.21x | 3.38x | $-11.24 Million |
| 2019 | 9.91% | 15.51% | 0.19x | 3.40x | $-4.74 Million |
| 2020 | 9.77% | 15.35% | 0.18x | 3.55x | $-12.79 Million |
| 2021 | 10.48% | 16.27% | 0.17x | 3.73x | $28.10 Million |
| 2022 | 8.00% | 11.18% | 0.19x | 3.76x | $-121.26 Million |
| 2023 | 8.12% | 10.68% | 0.19x | 3.99x | $-116.21 Million |
| 2024 | 9.01% | 11.88% | 0.20x | 3.86x | $-66.63 Million |
Industry Comparison
This section compares Pinnacle West Capital Corp's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $133,748,190,000
- Average return on equity (ROE) among peers: 10.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pinnacle West Capital Corp (PNW) | $7.21 Billion | 9.81% | 3.15x | $11.14 Billion |
| Ameren Corp (AEE) | $6.03 Billion | 8.80% | 1.90x | $30.29 Billion |
| American Electric Power Co Inc (AEP) | $18.31 Billion | 10.44% | 2.53x | $71.56 Billion |
| CMS Energy Corporation (CMS) | $7.59 Billion | 11.02% | 3.13x | $22.69 Billion |
| CenterPoint Energy Inc (CNP) | $3.20 Billion | 13.82% | 5.29x | $27.64 Billion |
| Dominion Energy Inc (D) | $22.05 Billion | 11.10% | 2.53x | $54.18 Billion |
| DTE Energy Company (DTE) | $4.69 Billion | 13.47% | 3.26x | $29.58 Billion |
| Duke Energy Corporation (DUK) | $22.86 Billion | 7.46% | 1.73x | $97.70 Billion |
| Consolidated Edison Inc (ED) | $5.95 Billion | 12.33% | 1.31x | $39.37 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $1.23 Trillion | 3.92% | 1.67x | $519.48 Million |
| Edison International (EIX) | $14.19 Billion | 10.11% | 2.62x | $26.47 Billion |
About Pinnacle West Capital Corp
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consis… Read more