Company / Working Capital
Pinnacle West Capital Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$1.5B
FY2025
5-year range
-$1.5B / -$11.6M
FY2021-FY2025
Trend
-26.2%
vs FY2024
Sector context
#57 of 73
Utilities
What the data says
Pinnacle West Capital's working capital of -$1.5B is lower than 78% of companies in the Utilities sector (FY2025). Working Capital has declined for 3 consecutive years, from -$12M in FY2022 to -$1.5B in FY2025.
Based on SEC 10-K filings.
-$1.5B in FY2025.
Declined from -$962M to -$1.5B over the past 2 years.
Utilities sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 22% in UtilitiesTop 78% of 73This company -$1.5B Sector average -$608.9M
▼
-139.3% below sector average
Key checks
Key Insights
- Pinnacle West Capital's working capital has declined for 3 consecutive years.
- In FY2025, working capital decreased 26.2% year-over-year.
- Ranks #57 out of 73 companies in the Utilities sector.
- Peak working capital was recorded in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.49 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$1.5B | -26.2% |
| FY2024 | -$1.2B | -20.0% |
| FY2023 | -$962.4M | -8205.7% |
| FY2022 | -$11.6M | +94.4% |
| FY2021 | -$205.8M | -26.9% |
| FY2020 | -$162.1M | +84.5% |
| FY2019 | -$1.0B | -44.8% |
| FY2018 | -$724.0M | -298.7% |
| FY2017 | -$181.6M | +61.4% |
| FY2016 | -$470.7M | +14.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026